Who pays taxes in America? Certainly not who RWers think...
- Thread starter francoHFW
- Start date
Yeah, Hillary should be paying 90% to cover your Obama Bucks !!! And she only pays 37%???
What, does that ***** need welfare too???
defcon4
Platinum Member
- Jan 26, 2015
- 20,432
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If you look at it from the private sector viewpoint, private companies did and do more R&D than government. It is simply business. Do you think if a pharma co. found the cure for cancer it wouldn't make huge sales? It is their interest to r&d. Government grants to ******* universities mostly a waste of money.
auditor0007
Gold Member
What percentage of payroll taxes do they pay? What percentage of excise taxes do they pay? What percentage of state taxes do they pay? What percentage of local taxes do they pay? The answer to all those is less than everyone else. I get so tired of the federal income tax comparison as if federal income taxes are the only taxes paid in this country. I'm not even making an argument that they don't pay enough. I'm just sick of people using the rate of income taxes they pay as a defense while they ignore all other taxes because it's ludicrous to only discuss what amounts to about 35% of total taxes paid in this country while ignoring the rest.
DrDoomNGloom
Gold Member
How bout it stupid ??
U.S. Companies Are Stashing $2.1 Trillion Overseas to Avoid Taxes
U.S. Companies Are Stashing 2.1 Trillion Overseas to Avoid Taxes - Bloomberg Business
U.S. Companies Are Stashing $2.1 Trillion Overseas to Avoid Taxes
U.S. Companies Are Stashing 2.1 Trillion Overseas to Avoid Taxes - Bloomberg Business
Obama's policies have.
Toddsterpatriot
Diamond Member
EITC, moron. Among others.
auditor0007
Gold Member
Companies should not have to pay taxes on profits made outside of the US, so long as they are legitimate and not just moving money around.
DrDoomNGloom
Gold Member
They are responsible for the same standard deductions you are moron.
Same as you moron, excise taxes are taxes on goods such as cigarettes or gasoline and usually included in the price.
They use the same state tax forms and tables as you do moron.
They are held to the same tax tables and deductions locally as you moron.
Considering it is the only relevant tax we have been discussing is Federal, all other are equal or just as slanted against the rich moron.
So give us that break down of where the other 65% come from ******* moron ...................
Toddsterpatriot
Diamond Member
What percentage of payroll taxes do they pay?
The same %, up to the taxable limit.
What percentage of excise taxes do they pay?
The same amount per pack of smokes. The same amount per bottle of booze.
What percentage of state taxes do they pay?
Here in Illinois, we all pay 3.75% on our income.
In states like California, the state tax is steeply progressive.
What percentage of local taxes do they pay?
They pay the same sales tax, on higher amounts of purchases.
They pay more property tax on bigger houses.
The answer to all those is less than everyone else.
LOL! That's funny.
DrDoomNGloom
Gold Member
Summary of Latest Federal Income Tax Data
December 22, 2014
By
Kyle Pomerleau,
Andrew Lundeen
FISCAL FACT 445: Summary of Latest Federal Income Tax Data (PDF)
FF445: Summary of Latest Federal Income Tax Data (EXCEL)
The Internal Revenue Service has recently released new data on individual income taxes for calendar year 2012, showing the number of taxpayers, adjusted gross income, and income tax shares by income percentiles.[1]
The data demonstrates that the U.S. individual income tax continues to be very progressive, borne mainly by the highest income earners.
Taxpayers reported $9.04 trillion in adjusted gross income (AGI) on 136.1 million tax returns in 2012. This represents $725 billion in additional income over 2011 on 500,000 fewer tax returns. While the majority of the income gain went to the top 5 percent of taxpayers (those making $175,817 or more), every income group experienced an increase in income in 2012. Due to the increase in incomes, taxes paid increased by $142 billion to $1.185 trillion in 2012. Taxes paid increased for all income groups.
The share of income earned by the top 1 percent increased to 21.9 percent of total AGI, the highest level since the peak year of 2007 (22.9 percent of total AGI). The share of the income tax burden for the top 1 percent increased to 38.1 percent from 35.1 percent in 2011, also the highest level since the peak in 2007 (39.8 percent).
Top 50 Percent of All Taxpayers Paid 97.2 Percent of All Federal Income Taxes; Top 1 Percent Paid 38.1 Percent; and Bottom 90 Percent Paid 29.7 Percent of All Federal Income Taxes
Figure 1 shows the distribution of AGI and income taxes paid by income percentiles in 2012. In 2012, the bottom 50 percent of taxpayers (those with AGIs below $36,055) earned 11.1 percent of total AGI. This group of taxpayers paid approximately $33 billion in taxes, or 2.8 percent of all income taxes in 2012.
In contrast, the top 1 percent of all taxpayers (taxpayers with AGIs of $434,682 and above), earned 21.9 percent of all AGI in 2012, but paid 38.1 percent of all federal income taxes.
Combined, the top 1 percent of taxpayers (those with AGIs above $434,682) accounted for more income taxes paid than the bottom 90 percent (those with AGIs below $125,195) combined. In 2012, the top 1 percent of taxpayers paid $451 billion in income taxes, or 38.1 percent of all income taxes while the bottom 90 percent paid $353 billion in income taxes, or 29.8 percent of all income taxes paid.
The Top 1 Percent’s Effective Tax Rate Is Nearly Seven Times Higher than the Bottom 50 percent’s
The 2012 IRS data shows that taxpayers with higher incomes pay much higher effective income tax rates than lower-income taxpayers.
The bottom 50 percent of taxpayers (taxpayers with AGIs under $36,055) faced an average effective income tax rate of 3.3 percent. As taxpayer AGI increases, the IRS data shows that average income tax rates rise. For example, taxpayers with AGIs between the 10th and 5th percentile ($125,195 and $175,817) pay an average effective rate of 13.3 percent—four times the rate paid by those in the bottom 50 percent.
The top 1 percent of taxpayers (AGI of $434,682 and higher) paid the highest effective income tax rate at 22.8 percent, 6.9 times the rate faced by the bottom 50 percent of taxpayers. The top 1 percent’s average effective tax rate for 2012 of 22.8 percent was slightly lower than that of 2011 (23.5 percent).
Taxpayers at the very top of the income distribution, the top 0.1 percent, which includes taxpayers with incomes over $2.2 million, actually paid a slightly lower income tax rate than the top 1 percent (21.7 percent versus 22.8 percent). This is due to the fact that very high income taxpayers are more likely to report a greater share of their income as taxable capital gains income. This leads to a slightly lower effective tax rate because capital gains and dividends income faces a lower top income tax rate (23.8 percent) than wage and business income (39.6 percent). It is important to note, however, that capital gains taxes at the individual level are the second layer of tax after the corporate income tax (which is 35 percent).
Summary of Latest Federal Income Tax Data Tax Foundation
December 22, 2014
By
Kyle Pomerleau,
Andrew Lundeen
FISCAL FACT 445: Summary of Latest Federal Income Tax Data (PDF)
FF445: Summary of Latest Federal Income Tax Data (EXCEL)
The Internal Revenue Service has recently released new data on individual income taxes for calendar year 2012, showing the number of taxpayers, adjusted gross income, and income tax shares by income percentiles.[1]
The data demonstrates that the U.S. individual income tax continues to be very progressive, borne mainly by the highest income earners.
- In 2012, 136.1 million taxpayers reported earning $9.04 trillion in adjusted gross income and paid $1.1 trillion in income taxes.
- All income groups increased their income and taxes paid over the previous year.
- The top 1 percent of taxpayers earned their largest share of income since 2007 at 21.9 percent of total AGI and paid their largest share of the income tax burden since the same year at 38.1 percent of total income taxes.
- In 2012, the top 50 percent of all taxpayers (68 million filers) paid 97.2 percent of all income taxes while the bottom 50 percent paid the remaining 2.8 percent.
- The top 1 percent (1.3 million filers) paid a greater share of income taxes (38.1 percent) than the bottom 90 percent (122.4 million filers) combined (29.8 percent).
- The top 1 percent of taxpayers paid a higher effective income tax rate than any other group at 22.8 percent, which is nearly 7 times higher than taxpayers in the bottom 50 percent (3.28 percent).
Taxpayers reported $9.04 trillion in adjusted gross income (AGI) on 136.1 million tax returns in 2012. This represents $725 billion in additional income over 2011 on 500,000 fewer tax returns. While the majority of the income gain went to the top 5 percent of taxpayers (those making $175,817 or more), every income group experienced an increase in income in 2012. Due to the increase in incomes, taxes paid increased by $142 billion to $1.185 trillion in 2012. Taxes paid increased for all income groups.
The share of income earned by the top 1 percent increased to 21.9 percent of total AGI, the highest level since the peak year of 2007 (22.9 percent of total AGI). The share of the income tax burden for the top 1 percent increased to 38.1 percent from 35.1 percent in 2011, also the highest level since the peak in 2007 (39.8 percent).
Top 50 Percent of All Taxpayers Paid 97.2 Percent of All Federal Income Taxes; Top 1 Percent Paid 38.1 Percent; and Bottom 90 Percent Paid 29.7 Percent of All Federal Income Taxes
Figure 1 shows the distribution of AGI and income taxes paid by income percentiles in 2012. In 2012, the bottom 50 percent of taxpayers (those with AGIs below $36,055) earned 11.1 percent of total AGI. This group of taxpayers paid approximately $33 billion in taxes, or 2.8 percent of all income taxes in 2012.
In contrast, the top 1 percent of all taxpayers (taxpayers with AGIs of $434,682 and above), earned 21.9 percent of all AGI in 2012, but paid 38.1 percent of all federal income taxes.
Combined, the top 1 percent of taxpayers (those with AGIs above $434,682) accounted for more income taxes paid than the bottom 90 percent (those with AGIs below $125,195) combined. In 2012, the top 1 percent of taxpayers paid $451 billion in income taxes, or 38.1 percent of all income taxes while the bottom 90 percent paid $353 billion in income taxes, or 29.8 percent of all income taxes paid.
The Top 1 Percent’s Effective Tax Rate Is Nearly Seven Times Higher than the Bottom 50 percent’s
The 2012 IRS data shows that taxpayers with higher incomes pay much higher effective income tax rates than lower-income taxpayers.
The bottom 50 percent of taxpayers (taxpayers with AGIs under $36,055) faced an average effective income tax rate of 3.3 percent. As taxpayer AGI increases, the IRS data shows that average income tax rates rise. For example, taxpayers with AGIs between the 10th and 5th percentile ($125,195 and $175,817) pay an average effective rate of 13.3 percent—four times the rate paid by those in the bottom 50 percent.
The top 1 percent of taxpayers (AGI of $434,682 and higher) paid the highest effective income tax rate at 22.8 percent, 6.9 times the rate faced by the bottom 50 percent of taxpayers. The top 1 percent’s average effective tax rate for 2012 of 22.8 percent was slightly lower than that of 2011 (23.5 percent).
Taxpayers at the very top of the income distribution, the top 0.1 percent, which includes taxpayers with incomes over $2.2 million, actually paid a slightly lower income tax rate than the top 1 percent (21.7 percent versus 22.8 percent). This is due to the fact that very high income taxpayers are more likely to report a greater share of their income as taxable capital gains income. This leads to a slightly lower effective tax rate because capital gains and dividends income faces a lower top income tax rate (23.8 percent) than wage and business income (39.6 percent). It is important to note, however, that capital gains taxes at the individual level are the second layer of tax after the corporate income tax (which is 35 percent).
Summary of Latest Federal Income Tax Data Tax Foundation
francoHFW
Diamond Member
- Thread starter
- #54
Who Pays Taxes in America?
April 4, 2012 02:47 PM | Permalink |
Click Here for the 2013 Edition of this Report
Read the PDF of this report.
It’s often claimed that the richest Americans pay a disproportionate share of taxes while those in the bottom half pay nothing. These claims ignore the many taxes that most Americans are subject to — federal payroll taxes, federal excise taxes, state and local taxes — and focus instead on just one tax, the federal personal income tax. The other taxes are mostly regressive, meaning they take a larger share of income from a poor or middle-income family than they take from a rich family.[1]
Many Americans do not have enough income to owe federal personal income taxes, but do pay these other taxes. The federal personal income tax is a progressive tax, and the combination of this tax with the other (mostly regressive) taxes results in a tax system that is, overall, just barely progressive. Total tax obligations are, on average, fairly proportional to income.
This table illustrates the share of total taxes (all federal, state and local taxes) paid by Americans in different income groups in 2011.
• The share of total taxes paid by each income group is similar to that group’s share of total income.
• The share of total taxes paid by the richest one percent (21.6 percent) is almost identical to that group’s share of total income (21.0 percent).
• The total effective tax rate for the richest one percent (29.0 percent) is only about four percentage points higher than the total effective tax rate for the middle fifth of taxpayers (25.2 percent).[2]
• The share of total taxes paid by the poorest fifth of Americans (2.1 percent) is only slightly less than this group’s share of total income (3.4 percent).
Virtually every person in America pays some type of tax. Everyone who works pays federal payroll taxes. Everyone who buys gasoline pays federal and state gas taxes. People who shop in stores pay the sales taxes that most state and local governments impose. State and local property taxes affect everyone who owns or rents a home. (Even renters pay property taxes because landlords pass some of the tax on to them in the form of higher rents). Most states also have income taxes, most of which are not particularly progressive.
April 4, 2012 02:47 PM | Permalink |
Click Here for the 2013 Edition of this Report
Read the PDF of this report.
It’s often claimed that the richest Americans pay a disproportionate share of taxes while those in the bottom half pay nothing. These claims ignore the many taxes that most Americans are subject to — federal payroll taxes, federal excise taxes, state and local taxes — and focus instead on just one tax, the federal personal income tax. The other taxes are mostly regressive, meaning they take a larger share of income from a poor or middle-income family than they take from a rich family.[1]
Many Americans do not have enough income to owe federal personal income taxes, but do pay these other taxes. The federal personal income tax is a progressive tax, and the combination of this tax with the other (mostly regressive) taxes results in a tax system that is, overall, just barely progressive. Total tax obligations are, on average, fairly proportional to income.
This table illustrates the share of total taxes (all federal, state and local taxes) paid by Americans in different income groups in 2011.
• The share of total taxes paid by each income group is similar to that group’s share of total income.
• The share of total taxes paid by the richest one percent (21.6 percent) is almost identical to that group’s share of total income (21.0 percent).
• The total effective tax rate for the richest one percent (29.0 percent) is only about four percentage points higher than the total effective tax rate for the middle fifth of taxpayers (25.2 percent).[2]
• The share of total taxes paid by the poorest fifth of Americans (2.1 percent) is only slightly less than this group’s share of total income (3.4 percent).
Virtually every person in America pays some type of tax. Everyone who works pays federal payroll taxes. Everyone who buys gasoline pays federal and state gas taxes. People who shop in stores pay the sales taxes that most state and local governments impose. State and local property taxes affect everyone who owns or rents a home. (Even renters pay property taxes because landlords pass some of the tax on to them in the form of higher rents). Most states also have income taxes, most of which are not particularly progressive.
"Adjusted gross income" - Conservatives want to simplify the tax code by having a single tax rate. However the vast majority of that code deals with defining income, of which wages are the most discriminated against.
Toddsterpatriot
Diamond Member
95% of new wealth goes to the 1%
I love this moronic claim.
The year after a deep recession, when corporations were still cutting jobs, rich people
made money in the stock market. Now morons will keep repeating a once in a lifetime occurrence
as if it were the case year after year after year.
Shit, you're stupid.
ScienceRocks
Democrat all the way!
- Banned
- #59
Our middle class started getting screwed over with Nixon kissing China's ass in the early 70's. Reagan lowered taxes to the ground on the super rich!!! What did they do for us??? Sent most of our industry to the third world and made super profit.
We were better off between 1920-1970.
- Moderator
- #60
The same as everyone else.
The same rate as everyone else and being that they consume more than we do they are contributing more.
Most states that have an income tax have a progressive one, so again, more.
Have you seen the houses they live in? The cars and boats they own? I would gather considerably more than I do.
I don't think you put a whole of thought into your questions.
Last edited:
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