Lower tax rates anyone?

[auditor0007]

Top 400 taxpayers in the U.S. pay a 17 percent tax rate

Peter Cohan
Aug 17th 2009 at 6:30PM

Oh wealthy people! How great it must be to know that while you are raking in about a quarter billion a year, you pay a lower tax rate than the average American family.


And even better news -- thanks to the Crazy Channel which does such a great job of making your interests popular with the angry mob, hundreds of those averagely paid Americans will defend your right to pay lower taxes than they do.

It pays to be among the top 400 taxpayers who earned roughly $250 million on average in 2005. According to an analysis by the New York Times and David Cay Johnston for Tax Notes (subscription only), the last IRS report on the top 400 taxpayers showed that they made a little more than a penny of each dollar of total income in America, but paid income taxes at a 17.2 percent rate. Add in payroll taxes, and the figure still rounds to 17.2 percent. Those top 400 paid a tax rate roughly half that of a family making $75,000 a year -- which was 37 percent -- 25 percent for the income tax rate and 12 percent for payroll tax.

Top 400 taxpayers in the U.S. pay a 17 percent tax rate -- DailyFinance

I have always defended lower taxes for the wealthy and everyone in general. However, when I see this, I become infuriated with everyone who defends lower taxes for the wealthy. But the really stupid thing is that calls for raising taxes on these people will do no good, because raising their rates won't change anything as they will still find ways to avoid paying. If there ever was a need for a flat tax with no deductions, here is the proof.

 

[WillowTree]

Top 400 taxpayers in the U.S. pay a 17 percent tax rate

Peter Cohan
Aug 17th 2009 at 6:30PM

Oh wealthy people! How great it must be to know that while you are raking in about a quarter billion a year, you pay a lower tax rate than the average American family.


And even better news -- thanks to the Crazy Channel which does such a great job of making your interests popular with the angry mob, hundreds of those averagely paid Americans will defend your right to pay lower taxes than they do.

It pays to be among the top 400 taxpayers who earned roughly $250 million on average in 2005. According to an analysis by the New York Times and David Cay Johnston for Tax Notes (subscription only), the last IRS report on the top 400 taxpayers showed that they made a little more than a penny of each dollar of total income in America, but paid income taxes at a 17.2 percent rate. Add in payroll taxes, and the figure still rounds to 17.2 percent. Those top 400 paid a tax rate roughly half that of a family making $75,000 a year -- which was 37 percent -- 25 percent for the income tax rate and 12 percent for payroll tax.

Top 400 taxpayers in the U.S. pay a 17 percent tax rate -- DailyFinance

I have always defended lower taxes for the wealthy and everyone in general. However, when I see this, I become infuriated with everyone who defends lower taxes for the wealthy. But the really stupid thing is that calls for raising taxes on these people will do no good, because raising their rates won't change anything as they will still find ways to avoid paying. If there ever was a need for a flat tax with no deductions, here is the proof.

they pay 17% more than those who pay zero don't they?

 

[xsited1]

Top 400 taxpayers in the U.S. pay a 17 percent tax rate

Peter Cohan
Aug 17th 2009 at 6:30PM

Oh wealthy people! How great it must be to know that while you are raking in about a quarter billion a year, you pay a lower tax rate than the average American family.


And even better news -- thanks to the Crazy Channel which does such a great job of making your interests popular with the angry mob, hundreds of those averagely paid Americans will defend your right to pay lower taxes than they do.

It pays to be among the top 400 taxpayers who earned roughly $250 million on average in 2005. According to an analysis by the New York Times and David Cay Johnston for Tax Notes (subscription only), the last IRS report on the top 400 taxpayers showed that they made a little more than a penny of each dollar of total income in America, but paid income taxes at a 17.2 percent rate. Add in payroll taxes, and the figure still rounds to 17.2 percent. Those top 400 paid a tax rate roughly half that of a family making $75,000 a year -- which was 37 percent -- 25 percent for the income tax rate and 12 percent for payroll tax.

Top 400 taxpayers in the U.S. pay a 17 percent tax rate -- DailyFinance

...

There is not enough information here for me to make a judgement whether this is okay or not. I'd have to see their tax returns.

 

[editec]

Top 400 taxpayers in the U.S. pay a 17 percent tax rate

Peter Cohan
Aug 17th 2009 at 6:30PM

Oh wealthy people! How great it must be to know that while you are raking in about a quarter billion a year, you pay a lower tax rate than the average American family.


And even better news -- thanks to the Crazy Channel which does such a great job of making your interests popular with the angry mob, hundreds of those averagely paid Americans will defend your right to pay lower taxes than they do.

It pays to be among the top 400 taxpayers who earned roughly $250 million on average in 2005. According to an analysis by the New York Times and David Cay Johnston for Tax Notes (subscription only), the last IRS report on the top 400 taxpayers showed that they made a little more than a penny of each dollar of total income in America, but paid income taxes at a 17.2 percent rate. Add in payroll taxes, and the figure still rounds to 17.2 percent. Those top 400 paid a tax rate roughly half that of a family making $75,000 a year -- which was 37 percent -- 25 percent for the income tax rate and 12 percent for payroll tax.

Top 400 taxpayers in the U.S. pay a 17 percent tax rate -- DailyFinance

I have always defended lower taxes for the wealthy and everyone in general. However, when I see this, I become infuriated with everyone who defends lower taxes for the wealthy. But the really stupid thing is that calls for raising taxes on these people will do no good, because raising their rates won't change anything as they will still find ways to avoid paying. If there ever was a need for a flat tax with no deductions, here is the proof.

I share your agnst but FLAT taxes won't fix it either.

At least I have never seen a plan that was really going to work.

Certainly that silverspoonfed nitwit Steve Forbes ' plan wasn't the solution.

 

[auditor0007]

Top 400 taxpayers in the U.S. pay a 17 percent tax rate

Peter Cohan
Aug 17th 2009 at 6:30PM

Oh wealthy people! How great it must be to know that while you are raking in about a quarter billion a year, you pay a lower tax rate than the average American family.


And even better news -- thanks to the Crazy Channel which does such a great job of making your interests popular with the angry mob, hundreds of those averagely paid Americans will defend your right to pay lower taxes than they do.

It pays to be among the top 400 taxpayers who earned roughly $250 million on average in 2005. According to an analysis by the New York Times and David Cay Johnston for Tax Notes (subscription only), the last IRS report on the top 400 taxpayers showed that they made a little more than a penny of each dollar of total income in America, but paid income taxes at a 17.2 percent rate. Add in payroll taxes, and the figure still rounds to 17.2 percent. Those top 400 paid a tax rate roughly half that of a family making $75,000 a year -- which was 37 percent -- 25 percent for the income tax rate and 12 percent for payroll tax.

Top 400 taxpayers in the U.S. pay a 17 percent tax rate -- DailyFinance

I have always defended lower taxes for the wealthy and everyone in general. However, when I see this, I become infuriated with everyone who defends lower taxes for the wealthy. But the really stupid thing is that calls for raising taxes on these people will do no good, because raising their rates won't change anything as they will still find ways to avoid paying. If there ever was a need for a flat tax with no deductions, here is the proof.

they pay 17% more than those who pay zero don't they?

It's one thing to defend the wealthy from paying ridiculously high taxes, but it shows a true brainwashed mentality to defend them paying less than the medium income family Willow. Please give us your argument why the wealthiest of the wealthy should pay a lower rate than the average middle class family trying to support a family and get the kids through college.

There is a reason the disparity in wealth has become so great over the last thirty years, and this just helps prove the point.

 

[auditor0007]

Top 400 taxpayers in the U.S. pay a 17 percent tax rate

Peter Cohan
Aug 17th 2009 at 6:30PM

Oh wealthy people! How great it must be to know that while you are raking in about a quarter billion a year, you pay a lower tax rate than the average American family.


And even better news -- thanks to the Crazy Channel which does such a great job of making your interests popular with the angry mob, hundreds of those averagely paid Americans will defend your right to pay lower taxes than they do.

It pays to be among the top 400 taxpayers who earned roughly $250 million on average in 2005. According to an analysis by the New York Times and David Cay Johnston for Tax Notes (subscription only), the last IRS report on the top 400 taxpayers showed that they made a little more than a penny of each dollar of total income in America, but paid income taxes at a 17.2 percent rate. Add in payroll taxes, and the figure still rounds to 17.2 percent. Those top 400 paid a tax rate roughly half that of a family making $75,000 a year -- which was 37 percent -- 25 percent for the income tax rate and 12 percent for payroll tax.

Top 400 taxpayers in the U.S. pay a 17 percent tax rate -- DailyFinance

I have always defended lower taxes for the wealthy and everyone in general. However, when I see this, I become infuriated with everyone who defends lower taxes for the wealthy. But the really stupid thing is that calls for raising taxes on these people will do no good, because raising their rates won't change anything as they will still find ways to avoid paying. If there ever was a need for a flat tax with no deductions, here is the proof.

I share your agnst but FLAT taxes won't fix it either.

At least I have never seen a plan that was really going to work.

Certainly that silverspoonfed nitwit Steve Forbes ' plan wasn't the solution.

A workable flat tax would need to cover all sources of income including capital gains and estate taxes.

 

[Old Rocks]

A good start would be that the 6.2 that I pay on SS be paid on all income. That would immediatly make the system solvent for the foreseeable future.

 

[Oddball]

Gonna be fun to watch you shit your Depends when the monetary system unravels!

 

[Old Rocks]

Well Doooooode........ I will shortly be living in an area where most of the people that are around me had parents and grandparents that knew my parents and grandparents. A very rural area where self sufficiency is the rule rather than the exception. Yes, should we enter the Second Great Republican Depression, then I will be affected, as will everyone else. But I will have access to the basics of life where people like you will not. And the knowledge to use those basics.

 

[elvis]

Well Doooooode........ I will shortly be living in an area where most of the people that are around me had parents and grandparents that knew my parents and grandparents. A very rural area where self sufficiency is the rule rather than the exception. Yes, should we enter the Second Great Republican Depression, then I will be affected, as will everyone else. But I will have access to the basics of life where people like you will not. And the knowledge to use those basics.

When did Clinton become a republican you stupid cocksucker? Does clinton's semen taste the same as Gores?

 

[Oddball]

Well Doooooode........ I will shortly be living in an area where most of the people that are around me had parents and grandparents that knew my parents and grandparents. A very rural area where self sufficiency is the rule rather than the exception. Yes, should we enter the Second Great Republican Depression, then I will be affected, as will everyone else. But I will have access to the basics of life where people like you will not. And the knowledge to use those basics.

You'll have access to nothing but the barrel of a gun if you have nothing of intrinsic value to trade.

And your OASI checks won't count.

 

[elvis]

Well Doooooode........ I will shortly be living in an area where most of the people that are around me had parents and grandparents that knew my parents and grandparents. A very rural area where self sufficiency is the rule rather than the exception. Yes, should we enter the Second Great Republican Depression, then I will be affected, as will everyone else. But I will have access to the basics of life where people like you will not. And the knowledge to use those basics.

You'll have access to nothing but the barrel of a gun if you have nothing to trade.

And your OASI checks won't count.

He's used to having Chris' gun in his face. He won't mind.

 

[PeterS]

Top 400 taxpayers in the U.S. pay a 17 percent tax rate

Peter Cohan
Aug 17th 2009 at 6:30PM

Oh wealthy people! How great it must be to know that while you are raking in about a quarter billion a year, you pay a lower tax rate than the average American family.


And even better news -- thanks to the Crazy Channel which does such a great job of making your interests popular with the angry mob, hundreds of those averagely paid Americans will defend your right to pay lower taxes than they do.

It pays to be among the top 400 taxpayers who earned roughly $250 million on average in 2005. According to an analysis by the New York Times and David Cay Johnston for Tax Notes (subscription only), the last IRS report on the top 400 taxpayers showed that they made a little more than a penny of each dollar of total income in America, but paid income taxes at a 17.2 percent rate. Add in payroll taxes, and the figure still rounds to 17.2 percent. Those top 400 paid a tax rate roughly half that of a family making $75,000 a year -- which was 37 percent -- 25 percent for the income tax rate and 12 percent for payroll tax.

Top 400 taxpayers in the U.S. pay a 17 percent tax rate -- DailyFinance

I have always defended lower taxes for the wealthy and everyone in general. However, when I see this, I become infuriated with everyone who defends lower taxes for the wealthy. But the really stupid thing is that calls for raising taxes on these people will do no good, because raising their rates won't change anything as they will still find ways to avoid paying. If there ever was a need for a flat tax with no deductions, here is the proof.

How about a revenue neutral flat tax, rolling both payroll and income into one, with only one exemption for cost of living. There after every one pays the same flat rate. I would be interested in knowing how many conservatives would support it. As a liberal I would support it in a heartbeat...

 

[Skull Pilot]

the article in the OP clearly states that the bulk of the money earned was not earned in the US.

Chances are there were taxes paid in the countries where the money was earned. So it it misleading to say that these folks only paid 17% on the income they earned.

 

[editec]

Top 400 taxpayers in the U.S. pay a 17 percent tax rate

Peter Cohan
Aug 17th 2009 at 6:30PM

Oh wealthy people! How great it must be to know that while you are raking in about a quarter billion a year, you pay a lower tax rate than the average American family.


And even better news -- thanks to the Crazy Channel which does such a great job of making your interests popular with the angry mob, hundreds of those averagely paid Americans will defend your right to pay lower taxes than they do.

It pays to be among the top 400 taxpayers who earned roughly $250 million on average in 2005. According to an analysis by the New York Times and David Cay Johnston for Tax Notes (subscription only), the last IRS report on the top 400 taxpayers showed that they made a little more than a penny of each dollar of total income in America, but paid income taxes at a 17.2 percent rate. Add in payroll taxes, and the figure still rounds to 17.2 percent. Those top 400 paid a tax rate roughly half that of a family making $75,000 a year -- which was 37 percent -- 25 percent for the income tax rate and 12 percent for payroll tax.

Top 400 taxpayers in the U.S. pay a 17 percent tax rate -- DailyFinance

I have always defended lower taxes for the wealthy and everyone in general. However, when I see this, I become infuriated with everyone who defends lower taxes for the wealthy. But the really stupid thing is that calls for raising taxes on these people will do no good, because raising their rates won't change anything as they will still find ways to avoid paying. If there ever was a need for a flat tax with no deductions, here is the proof.

I share your agnst but FLAT taxes won't fix it either.

At least I have never seen a plan that was really going to work.

Certainly that silverspoonfed nitwit Steve Forbes ' plan wasn't the solution.

A workable flat tax would need to cover all sources of income including capital gains and estate taxes.

I have a better FLAT TAX, idea. One that doesn't punish production, but does punish consumption

Tax imported goods equally.

If you don't want to pay taxes, don't buy imported goods.

That system, one devised by our founding fathers, I note, worked just fine for 150 years.

 

[DiamondDave]

All the more reason why people for true equality call for a flat tax across the board on every dollar earned and with the elimination of loopholes..

But you see.. the far lefties and libbies will never support such a thing.. for they are all about SELECTIVE equality, when it suits them... and the lefty politicians and liberal/socialist politicians will not, because it is easier to get a voting base of non-contributors, especially when you promise them things at the expense of others

 

[editec]

All the more reason why people for true equality call for a flat tax across the board on every dollar earned and with the elimination of loopholes..

But you see.. the far lefties and libbies will never support such a thing.. for they are all about SELECTIVE equality, when it suits them... and the lefty politicians and liberal/socialist politicians will not, because it is easier to get a voting base of non-contributors, especially when you promise them things at the expense of others

I'm a leftie.

I just called for a truly FLAT TAX, didn't I?

But hey! Don't let reality get in the way of your goofy political prejudices, there DD.

 

[DiamondDave]

You and I have discussed this before.. and you indeed are an exception to the overall 'rule'...

But do also realize that all the taxation should be blind and 'flat'... imported good is great... but every person in the US needs to be taxed equally on every dollar earned.. .no exceptions

 

[Skull Pilot]

All the more reason why people for true equality call for a flat tax across the board on every dollar earned and with the elimination of loopholes..

But you see.. the far lefties and libbies will never support such a thing.. for they are all about SELECTIVE equality, when it suits them... and the lefty politicians and liberal/socialist politicians will not, because it is easier to get a voting base of non-contributors, especially when you promise them things at the expense of others

I'm a leftie.

I just called for a truly FLAT TAX, didn't I?

But hey! Don't let reality get in the way of your goofy political prejudices, there DD.

when imported goods are sold in this country, they are assessed a sales tax if the state in which they are sold has a sales tax.

If you mean tariff, say tariff.

 

[editec]

You and I have discussed this before.. and you indeed are an exception to the overall 'rule'...

But do also realize that all the taxation should be blind and 'flat'... imported good is great... but every person in the US needs to be taxed equally on every dollar earned.. .no exceptions

No, actually I'm not.

There are legions of so called lefties (and righties, I note) who agree with me that FREE TRADE has been disasterous for this nation, and that a return to the saner protectionist policies that the founding fathers KNEW were a good idea is something we ought to be doing.

The problem, you see, is that some of us THINK that one must be LEFT or RIGHT and that if one is either of those then you must believe ONE (and one only) set of things about each and every subject of governance.

I blame this delusion many of you seem to have about what it means to be left or right on the dumbing down of politics that our media does.

The so-called far left and the so called far right OFTEN agree on policies they think ought to be implemented.

But if you listen to the MSM, they are in violent opposition on EVERY issue.

This is all part of the DIVIDE AND CONQUOR system that the masters use to keep in power.

And, based on the childish crap I read on this board, I'd say the MSM has done it's job very well.

How many threads here are created with one pupose and one purpose only...to discredit either the conservatives or the liberals?

As though my conservative chums hate this nation.

As though my liberal chums hate this nation.

And the weaker intellects who post here?

They all buy into this blackhat v Whitehat vision of American politics.

That's why they're fucking tools, ya know.