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joe bloe · 08-14-2012, 10:22 PM

Quote:

Originally Posted by CJ7

welfare for the top 2%, capitalism for the other 98% ..let god sort em out.

400 of the biggest big shots in the country paid between 15 and 0% tax rates ... they stand on the sidelines and laugh their asses off at the republican base that do their cheerleading and pay for the tax breaks they dont need or really give a shit about ...

and the goobers cant figure it out.

The top 1% of income earners pay 37% of the income taxes.

The top 5% of income earners pay 59% of the incomes taxes.

The top 10% of income earners pay 70% of the income taxes.

The bottom 50 % of income earners pay 2% of the income taxes.

The wealthy are paying more than their fare share already.

Who Pays Income Taxes and How Much?

Tax Year 2009

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$343,927

36.73

Top 5%
$154,643
58.66
Top 10%
$112,124
70.47
Top 25%
$66,193
87.30
Top 50%
$32,396
97.75
Bottom 50%
<$32,396
2.25

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

http://ntu.org/tax-basics/who-pays-income-taxes.html

WTF · 08-14-2012, 10:29 PM

Federal Taxes are supposed to be progressive

State and local are Regressive.

The poor pay taxes, just not the one's you care to count!

Not only that , I thought you guys liked it that people pay low taxes. You have your wish with the poor.

Now try and figure out how to pay for Defense spending with those low taxes.

CuteOldGuy · 08-14-2012, 10:34 PM

Wouldn't it be nice to have a tax system that didn't promote class warfare? I know the politicians would have less to say, and industries wouldn't get their "perks". But still, wouldn't it be nice?

WTF · 08-15-2012, 01:57 PM

Quote:

Originally Posted by CuteOldGuy

Wouldn't it be nice to have a tax system that didn't promote class warfare? I know the politicians would have less to say, and industries wouldn't get their "perks". But still, wouldn't it be nice?

We do...it is called a regressive and progressive tax system.

Folks on the right like to forget about the regressive tax of the state and local governments!

CuteOldGuy · 08-15-2012, 02:02 PM

Simply using the terms "progressive" and "regressive" indicate a class warfare component. Again, you prove your ignorance, WDF.

CJ7 · 08-15-2012, 02:02 PM

Quote:

Originally Posted by joe bloe

The top 1% of income earners pay 37% of the income taxes.

The top 5% of income earners pay 59% of the incomes taxes.

The top 10% of income earners pay 70% of the income taxes.

The bottom 50 % of income earners pay 2% of the income taxes.

The wealthy are paying more than their fare share already.

Who Pays Income Taxes and How Much?

Tax Year 2009

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$343,927

36.73

Top 5%

$154,643
58.66
Top 10%
$112,124
70.47
Top 25%
$66,193
87.30
Top 50%
$32,396
97.75
Bottom 50%
<$32,396
2.25

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

http://ntu.org/tax-basics/who-pays-income-taxes.html

Id repost the article that proved the top 400 bigshots in the country paid no more than 15%, a few paid 0%

but its beyond your understanding.

Texas Contrarian · 08-15-2012, 02:14 PM

Quote:

Originally Posted by WTF

We do...it is called a regressive and progressive tax system.

Folks on the right like to forget about the regressive tax of the state and local governments!

And folks on the left like to forget about the fact that our tax system is far more progressive than that of a typical European social democracy. This chart is a real eye-opener for people who think the affluent pay for most of Europe's welfare state. It compares the tax incidence across the income distribution in the U.S. vs. France:

Note that it represents all taxation (state, local, sales, payroll, etc.).

Full story @ http://economix.blogs.nytimes.com/20...ig-government/

The simple fact is that the tax system of the U.S. is far more progessive than that of other developed nations, but at lower rates across the income strata -- especially for households that are not well off.

joe bloe · 08-15-2012, 02:21 PM

Quote:

Originally Posted by CJ7

Id repost the article that proved the top 400 bigshots in the country paid no more than 15%, a few paid 0%

but its beyond your understanding.

The top ten percent carry seventy percent of the tax burden. How much do you want them to carry? How much is enough? The bottom fifty percent only pay two percent. Is that too much? Should they pay nothing?

Are these questions beyond your understanding?

CJ7 · 08-15-2012, 02:57 PM

Quote:

Originally Posted by joe bloe

The top ten percent carry seventy percent of the tax burden. How much do you want them to carry? How much is enough? The bottom fifty percent only pay two percent. Is that too much? Should they pay nothing?

Are these questions beyond your understanding?

the 6 most affluent people in the country paid 0 tax... ZERO.

is that beyond your understanding, if so I have a link

CuteOldGuy · 08-15-2012, 03:07 PM

If those six people broke no law in doing so, doesn't that say more about the law, than them? Why would you condemn them for following the law?

CJ7 · 08-15-2012, 03:09 PM

Quote:

Originally Posted by CuteOldGuy

If those six people broke no law in doing so, doesn't that say more about the law, than them? Why would you condemn them for following the law?

of course not, legality isnt the point. Im not condemning anyone either .. if I dig up the link will you read it?

joe wont either

http://www.nytimes.com/2012/08/11/bu...pagewanted=all

WTF · 08-15-2012, 03:26 PM

Quote:

Originally Posted by CaptainMidnight

And folks on the left like to forget about the fact that our tax system is far more progressive than that of a typical European social democracy. This chart is a real eye-opener for people who think the affluent pay for most of Europe's welfare state. It compares the tax incidence across the income distribution in the U.S. vs. France:

Note that it represents all taxation (state, local, sales, payroll, etc.).

Full story @ http://economix.blogs.nytimes.com/20...ig-government/

The simple fact is that the tax system of the U.S. is far more progessive than that of other developed nations, but at lower rates across the income strata -- especially for households that are not well off.

I read a study where it showed that minus the super wealthy and super poor we all pay around a 40% marginial rate in the US. Can not find it at the moment.