Mr. Shaman
Senior Member
- May 4, 2010
- 23,892
- 822
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Hey, 99 Percenters, You Call This 'Fair'?
A study by the New York City Independent Budget Office was released this week, and you didn't hear much about it in the mainstream media because it hurts their candidate's message.
Keep in mind, I'm your Conservative Everyman. I'm no economist, nor am I a political scientist. I call 'em as I see 'em just like you do. And away we go...
New York City has a little more than 8 million residents. Of those many millions, 1% -- ONE PERCENT -- pays 43% of the income taxes. You know how many people that works out to? About 35,000 people.
Picture in your mind's eye the City of New York, not just Manhattan, but all five boroughs. Imagine the throngs here right now enjoying the holidays. Think about the police presence, the sanitation, the schools brimming with children...East Side, West Side, The Village -- a hell of a town! 8 million people!
Now imagine Yankee Stadium, or any average Major League ballpark, and fill it except for the nosebleed seats. That tiny number pays almost HALF the operating costs for the city. How's THAT for fair?
Another kick in the head is that ten percent of New Yorkers pay 71% of the taxes. Guess how much income it takes to crack that ten percent?You don't have to be one of the millionaires or billionaires whom the Divider in Chief loves to vilify. You need not be an evil fat cat making $200,000 -- perish the thought! What's it take to crack the top ten percent in the most expensive city in America? $105,000. Yep, a buck five.
Thank you for posting this. It does a great job highlighting the massive income disparity in this country.
The top 1% pays 43%
The next 9% pays 28% ----- and this line starts at 105k
And the rest of the 90% pay 29%
Youch.
That's a lot of underpaid mother fuckers.
Sure is! You'd think they'd do something to improve their lot in life instead of just demand that the people who did give them part of their wealth.
Ah, yes......
.....no doubt.
.....no doubt.
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