America’s wealthiest families smash income ceiling, middle-class left far behind

[EdwardBaiamonte]

Growing income disparity is not only a problem here.

Report Income inequality rising in most developed countries - The Washington Post

They bought into "trickle down" thanks to the right wing think tanks they created in those nations like they started in the US in the 1970's!

I think its more an effect of globalization. At one time, on a board with a union organizer who also had an economics degree, I thought perhaps the answer was electing people on the basis of their being willing to pass laws providing for taxes on the very very rich to pay for things .... like more support for education and healthcare.

But, it turns out that even the dems want workers to help pay for others care under the ACA and free tuition to community college with no requirement for gpa or even graduation.

IT'S GOV'T POLICY. Either bad or good, and conservatives/GOP have pushed it bad for 30+ years now

Grove Norquist stating "I want to make government so small, I could drown it in a bathtub."

Republicans have hordes of people more than willing to vote against their own best interest in the deluded belief that if they support the 1%ers they will magically become one of them some day in the not so distant future!!

But even the dems chose to tax workers for the ACA. Even Krugman doesn't see anything wrong with that, but he'd like the top rate back to 70 or 90%

And people running multi-nationals don't get some kinky joy out of cutting benefits.

"But even the dems chose to tax workers for the ACA. "


You mean they want to PAY for something, unlike the GOP? Shocking

Something like 95% of costs fall on the top 5% of US

New Report: For 95% Of Americans, Obamacare Will Cost Much Less Than Expected

of course in a supermarket every one pays the same price which seems fair to everyone. There is no class warfare there is just equality.

 

[EdwardBaiamonte]

If the top earners made ALL the money, they would pay ALL the taxes. OMG.

so I gather you would like it if the bottom 99% earned more. Here's how:

1) make liberal unions illegal again and bring back 20 million jobs
2) make liberal corporate taxes illegal and bring back 10 million jobs
3) make deficits illegal and bring back 5 million jobs
4) ship 20 million illegals home and create 20 million jobs
5) end the liberal war on families and schools and create 30 million folks capable of working

more cartoons from the brainless communist

 

[Dad2three]

Got it, you didn't REALLY mean this

" Either way, his single digit claim is BS"

He claimed he made millions and his "trust" allowed him to pay low single digits.
He lied. Get it?

Nope, AS I SHOWED, there were 6 families averaging over $200 million EACH who paid zero federal taxes. The top 400 only paid 19% on the $200+ million average. Get it? Your 39% is just BS

Lots of rich people lost a lot in 2008. Of course their 2009 taxes were lower.
So what?

BTW, they averaged over $200+ million PER family in 2009, lol

If they lost $300 million in 2008 and made $200 million in 2009,
what tax rate should they pay?

Yeah, that REALLY happened *shaking head*



Without false premises, distortions and lies, what would right wingers EVER have??

 

[Dad2three]

Nope, AS I SHOWED, there were 6 families averaging over $200 million EACH who paid zero federal taxes. The top 400 only paid 19% on the $200+ million average. Get it? Your 39% is just BS

the top 1% pay 40% of federal income taxes up from 20% under reagan and they pay 50% of state taxes. This represents redistribution from those who know how to invest money to those who know how to waste it. Bottom 45% pay no income tax

You mean as their tax rates collapsed, their incomes skyrocketed and their effective tax rates on those incomes also plummeted AS the share of fed revenues coming from individual income taxes hit near post WW2 share of fed revenues??

the top 1% pay 40% of federal income taxes bottom 45% pay nothing

Top 1% who TAKE over 20% of ALL US income versus the bottom HALF of US with 11% of the entire pie BUT pay other forms of federals taxes? Horrible

Top 1% who TAKE over 20% of ALL US income

Top 1% who EARN over 20% of ALL US income.
So what?

Sure they do!

 

[Toddsterpatriot]

the top 1% pay 40% of federal income taxes up from 20% under reagan and they pay 50% of state taxes. This represents redistribution from those who know how to invest money to those who know how to waste it. Bottom 45% pay no income tax

This is the kind of stupid thinking you got to laugh at.

You Rethugs say all the time how big the % of taxes paid by the ultra wealthy are.
And they do pay a large number. Now how could that be. How could it be that they went from paying 20% of Federal taxes to paying 40%.

What could have happened to make that happen? Their taxes haven't been raised substantially. Their ability to tax shelter their income hasn't disappeared.

A thinking person might wonder what has happened to have the ultra rich paying all those taxes.

Let me help those confused about this.

THE ULTRA WEALTHY HAVE BEEN MAKING ALL THE FUCKING MONEY TO PAY TAXES ON.

Now maybe I can help you retards understand why the bottom income earners don't pay any Federal taxes that they don't get back.

They don't pay any Federal taxes because the Republicans in Congress, in their wisdom of not raising the MW, decided to expand the Earned Income Tax Credit so that low wage earners would get a nice refund.
Cause they don't make enough fucking money.

Let's recap; those that make a lot of money pay a lot of the taxes. Those that don' t make much money get back the taxes they paid plus some.

And as the earnings for the top go up and up and the earnings for the bottom go down, of fucking course the people at the top making all the money are going to pay a higher percentage of the taxes collected.

If the top earners made ALL the money, they would pay ALL the taxes. OMG.

This ain't fucking rocket science except to the stupid fucking right wingers who post on here.

And they do pay a large number. Now how could that be. How could it be that they went from paying 20% of Federal taxes to paying 40%.

What could have happened to make that happen?

Income Taxes on the non-rich were slashed.

 

[EdwardBaiamonte]

He claimed he made millions and his "trust" allowed him to pay low single digits.
He lied. Get it?

Nope, AS I SHOWED, there were 6 families averaging over $200 million EACH who paid zero federal taxes. The top 400 only paid 19% on the $200+ million average. Get it? Your 39% is just BS

Lots of rich people lost a lot in 2008. Of course their 2009 taxes were lower.
So what?

BTW, they averaged over $200+ million PER family in 2009, lol

If they lost $300 million in 2008 and made $200 million in 2009,
what tax rate should they pay?

Yeah, that REALLY happened *shaking head*



Without false premises, distortions and lies, what would right wingers EVER have??

conservatives always have the philosophy of our founders which created the greatest country in human history. Why should a communist be critical??

 

[Dragonlady]

Despite, or because of, the fallout from the 2007 Great Recession, annual earnings between the richest Americans and everybody else have exploded to record levels. Meanwhile middle- and lower-class wealth growth remains stagnant.
The median wealth for high-income families hit $639,400 last year, a whopping 7 percent jump from three years earlier and seven times greater than middle-class incomes, which stood at $96,500 according to Pew Research Center, citing data from the Federal Reserve.
Middle-class median wealth, which Pew defines as the difference between the value of a household’s total assets and debts, has not advanced since 2010.
The financial chasm now separating the rich and everybody else is the widest since the Fed began tracking earnings 30 years ago, which became even more pronounced following the 2008 global financial crisis.
America 8217 s wealth gap between middle-income and upper-income families is widest on record Pew Research Center

Wealth Gap between America s Rich and Middle-Class Families Widest on Record - Real Time Economics - WSJ

IMO The American Dream was always a myth, but now it has turned into a nightmare for 47% of Americans. This robbing of the poor half of the population has been quite deliberate, by allowing unchecked immigration to obtain cheap labor and by off shoring of jobs to India and China. The Federal minimum wage has remained at $7.25 per hour since Obama took office, while the cost of living has increased substantially. There is no justification for this, since corporate profits have never been higher.

Income differential is directly related to capability differential. If you aren't as capable as the high earners, do something about it. Work harder. Go to school. Save your money. Count your blessings that you live in a country that provides a good life for all willing to work for it. God bless America.

This is no longer true. The U.S. is no longer the "land of opportunity". If you are poor, your chances of breaking out of poverty are very slim and none. Lots of people are willing to hard work and they'll be right where they are now 10 years from now.

The fastest growing middle class in the world right now is in Canada.

 

[Toddsterpatriot]

He claimed he made millions and his "trust" allowed him to pay low single digits.
He lied. Get it?

Nope, AS I SHOWED, there were 6 families averaging over $200 million EACH who paid zero federal taxes. The top 400 only paid 19% on the $200+ million average. Get it? Your 39% is just BS

Lots of rich people lost a lot in 2008. Of course their 2009 taxes were lower.
So what?

Got it, you didn't REALLY mean this

" Either way, his single digit claim is BS"

Yes, he lied.

Project much???

No.

 

[zeke]

If they lost $300 million in 2008 and made $200 million in 2009,
what tax rate should they pay?

I wonder why you ask such stupid fucking questions? Is it the best you can do? You got nothing better to offer?
What's up Todd?

 

[Toddsterpatriot]

He claimed he made millions and his "trust" allowed him to pay low single digits.
He lied. Get it?

Nope, AS I SHOWED, there were 6 families averaging over $200 million EACH who paid zero federal taxes. The top 400 only paid 19% on the $200+ million average. Get it? Your 39% is just BS

Lots of rich people lost a lot in 2008. Of course their 2009 taxes were lower.
So what?

BTW, they averaged over $200+ million PER family in 2009, lol

If they lost $300 million in 2008 and made $200 million in 2009,
what tax rate should they pay?

Yeah, that REALLY happened *shaking head*



Without false premises, distortions and lies, what would right wingers EVER have??

Rich people didn't lose money in 2008? LOL!

 

[bendog]

Growing income disparity is not only a problem here.

Report Income inequality rising in most developed countries - The Washington Post

They bought into "trickle down" thanks to the right wing think tanks they created in those nations like they started in the US in the 1970's!

I think its more an effect of globalization. At one time, on a board with a union organizer who also had an economics degree, I thought perhaps the answer was electing people on the basis of their being willing to pass laws providing for taxes on the very very rich to pay for things .... like more support for education and healthcare.

But, it turns out that even the dems want workers to help pay for others care under the ACA and free tuition to community college with no requirement for gpa or even graduation.

IT'S GOV'T POLICY. Either bad or good, and conservatives/GOP have pushed it bad for 30+ years now

Grove Norquist stating "I want to make government so small, I could drown it in a bathtub."

Republicans have hordes of people more than willing to vote against their own best interest in the deluded belief that if they support the 1%ers they will magically become one of them some day in the not so distant future!!

But even the dems chose to tax workers for the ACA. Even Krugman doesn't see anything wrong with that, but he'd like the top rate back to 70 or 90%

And people running multi-nationals don't get some kinky joy out of cutting benefits.

"But even the dems chose to tax workers for the ACA. "


You mean they want to PAY for something, unlike the GOP? Shocking

Something like 95% of costs fall on the top 5% of US

New Report: For 95% Of Americans, Obamacare Will Cost Much Less Than Expected

I'm not sure how you equate states expanding Medicaid doesn't cost workers.

 

[Toddsterpatriot]

the top 1% pay 40% of federal income taxes up from 20% under reagan and they pay 50% of state taxes. This represents redistribution from those who know how to invest money to those who know how to waste it. Bottom 45% pay no income tax

You mean as their tax rates collapsed, their incomes skyrocketed and their effective tax rates on those incomes also plummeted AS the share of fed revenues coming from individual income taxes hit near post WW2 share of fed revenues??

the top 1% pay 40% of federal income taxes bottom 45% pay nothing

Top 1% who TAKE over 20% of ALL US income versus the bottom HALF of US with 11% of the entire pie BUT pay other forms of federals taxes? Horrible

Top 1% who TAKE over 20% of ALL US income

Top 1% who EARN over 20% of ALL US income.
So what?

Sure they do!

Did they take it from you?

 

[EdwardBaiamonte]

. If you are poor, your chances of breaking out of poverty are very slim and none.

this is true liberals invited 20 million illegals in to block the road out of poverty.

 

[RKMBrown]

Growing income disparity is not only a problem here.

Report Income inequality rising in most developed countries - The Washington Post

Those people are confused the problem is asset distribution not income.

 

[bendog]

It's not a stupid question. But neither is asking how a vulture like Mitt Romney gets away paying the same rate as a venture capitalist.

 

[EdwardBaiamonte]

I wonder why you ask such stupid fucking questions? Is it the best you can do? You got nothing better to offer?
What's up Todd?

why not answer the question or admit you lack the IQ for it?

 

[Dad2three]

the top 1% pay 40% of federal income taxes up from 20% under reagan and they pay 50% of state taxes. This represents redistribution from those who know how to invest money to those who know how to waste it. Bottom 45% pay no income tax

This is the kind of stupid thinking you got to laugh at.

You Rethugs say all the time how big the % of taxes paid by the ultra wealthy are.
And they do pay a large number. Now how could that be. How could it be that they went from paying 20% of Federal taxes to paying 40%.

What could have happened to make that happen? Their taxes haven't been raised substantially. Their ability to tax shelter their income hasn't disappeared.

A thinking person might wonder what has happened to have the ultra rich paying all those taxes.

Let me help those confused about this.

THE ULTRA WEALTHY HAVE BEEN MAKING ALL THE FUCKING MONEY TO PAY TAXES ON.

Now maybe I can help you retards understand why the bottom income earners don't pay any Federal taxes that they don't get back.

They don't pay any Federal taxes because the Republicans in Congress, in their wisdom of not raising the MW, decided to expand the Earned Income Tax Credit so that low wage earners would get a nice refund.
Cause they don't make enough fucking money.

Let's recap; those that make a lot of money pay a lot of the taxes. Those that don' t make much money get back the taxes they paid plus some.

And as the earnings for the top go up and up and the earnings for the bottom go down, of fucking course the people at the top making all the money are going to pay a higher percentage of the taxes collected.

If the top earners made ALL the money, they would pay ALL the taxes. OMG.

This ain't fucking rocket science except to the stupid fucking right wingers who post on here.

And they do pay a large number. Now how could that be. How could it be that they went from paying 20% of Federal taxes to paying 40%.

What could have happened to make that happen?

Income Taxes on the non-rich were slashed.

"Now how could that be. How could it be that they went from paying 20% of Federal taxes to paying 40%."

It didn't happen. You mean the INCOME tax burden that has shrunk and was about 43% of federal revenues, near post WW 2 as share of federal revenues? lol


Republicans only seem to have one solution to any problem - make life harder for those on the bottom.

Warren Buffet said it perfectly when he said "There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning."

And when he said "there’s been class warfare going on for the last 20 years, and my class has won."

And when he said "if this is a war – I wouldn’t call it a war, I’d call it a struggle – but, if this is a war, my side has had the nuclear bomb. We’ve got K-Street, we’ve got lobbyists, we’ve got money on our side".

Warren Buffet is very smart and observant.

 

[EdwardBaiamonte]

It's not a stupid question. But neither is asking how a vulture like Mitt Romney gets away paying the same rate as a venture capitalist.

Romney is a vulture for paying millions and millions in taxes?? The liberal mind is perfectly stupid!!

 

[zeke]

Top 1% who TAKE over 20% of ALL US income

Top 1% who EARN over 20% of ALL US income.
So what?

SO what you ask? Your stupidity is showing again.

That large percentage of income the top 1% gets, thats the fucking reason they pay so much of the taxes that assholes like you freak out about.

All the time we have to hear about how much the top earners pay in taxes.

And now you know why, They make all the money.

But I am positive that you will be back in the hour complaining about how the top pays 40 and the bottom pays none bullshit.

 

[Dad2three]

Nope, AS I SHOWED, there were 6 families averaging over $200 million EACH who paid zero federal taxes. The top 400 only paid 19% on the $200+ million average. Get it? Your 39% is just BS

Lots of rich people lost a lot in 2008. Of course their 2009 taxes were lower.
So what?

BTW, they averaged over $200+ million PER family in 2009, lol

If they lost $300 million in 2008 and made $200 million in 2009,
what tax rate should they pay?

Yeah, that REALLY happened *shaking head*



Without false premises, distortions and lies, what would right wingers EVER have??

Rich people didn't lose money in 2008? LOL!

Most didn't. Perhaps 2009 AFTER the collapse, BUT there is a limit on loss's carried forward...