Richest 1 percent will own more than rest combined by 2016: report

[Dad2three]

MIDDLE OR UPPER MIDDLE? lol

Half of US who make enough to even file in the US AVG less than $15,000 PER FAMILY. The MOST that family made is $34,800

TOP 10% OF US MADE A MIN OF $120,000 A YEAR

WHAT 'MIDDLE CLASS' ARE YOU TALKING ABOUT?

Summary of Latest Federal Income Tax Data Tax Foundation

I love the fact you left this out:

The Top 50 Percent of All Taxpayers Paid 97 Percent of All Income Taxes; the Top 5 Percent Paid 57 Percent of All Income Taxes; and the Top 1 Percent Paid 35 Percent of All Income Taxes in 2011

Also, the data doesn't define "family". Those $34k per year people could be single, or retired, or working also in the "black economy"

Fact it, if you make more that 50-60k as a couple YOU ARE THE 1% LOL

If a group of people are making the bulk of our nation's personal income why shouldn't they be paying the bulk of income taxes? That bottom 50% do not make enough at their crappy service sector jobs to contribute a significant portion of the total.

Then stop spouting off that bullshit of "they are not paying their fair share". How about shrinking government?

Oh, wait progressive assholes love playing with other people's money so that will never happen.

In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!


Keynes wrote "The End of Laissez Faire" in 1926. He was correct then, and his insight remains more valid than any economics that conservative Libertarians propound ad infinitum and ad nauseum. Laissez Faire is nothing more than a childish Christmas wish of no substance; just hope and myth, and smoke and mirrors. Fails every time we try even the tiniest bit.

You didn't answer the question, cocksucker.

After Reagan and BOTH Bush's grew Gov't? lol

90%+ of current debt can be traced back to POLICY from those GOPers

 

[Dad2three]

You do know you only need an income of $34k a year per person to be in the top 1% worldwide, right?

So a family of 4 is in the top 1% if they make a combined income of $136,000 a year, which is basically middle to upper middle class depending on your region.

We are the 1 You need 34k income to be in the global elite... and half the world s richest live in the U.S. Daily Mail Online

MIDDLE OR UPPER MIDDLE? lol

Half of US who make enough to even file in the US AVG less than $15,000 PER FAMILY. The MOST that family made is $34,800

TOP 10% OF US MADE A MIN OF $120,000 A YEAR

WHAT 'MIDDLE CLASS' ARE YOU TALKING ABOUT?

Summary of Latest Federal Income Tax Data Tax Foundation

I love the fact you left this out:

The Top 50 Percent of All Taxpayers Paid 97 Percent of All Income Taxes; the Top 5 Percent Paid 57 Percent of All Income Taxes; and the Top 1 Percent Paid 35 Percent of All Income Taxes in 2011

Also, the data doesn't define "family". Those $34k per year people could be single, or retired, or working also in the "black economy"

Fact it, if you make more that 50-60k as a couple YOU ARE THE 1% LOL

If a group of people are making the bulk of our nation's personal income why shouldn't they be paying the bulk of income taxes? That bottom 50% do not make enough at their crappy service sector jobs to contribute a significant portion of the total.

Please don't bring facts into the conversation, this is the republican America

"we will not let facts get in our way"

LOL, you bitching about facts when all you do is link shit and take crap points away from shit.

The Tea Party is an updated version of the John Birch Society started in the 1950's..


In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

The word capitalism can no longer be used for what we now practice. Capitalism would require fair trade, fair adherence to real supply and demand, unmolested and illegally manipulated financial, investment and commodities markets..... What we have here is a Duck hunt and we are the ducks.......... And the one percent use magazines a lot bigger then 10 rounds

 

[Dad2three]

You do know you only need an income of $34k a year per person to be in the top 1% worldwide, right?

So a family of 4 is in the top 1% if they make a combined income of $136,000 a year, which is basically middle to upper middle class depending on your region.

We are the 1 You need 34k income to be in the global elite... and half the world s richest live in the U.S. Daily Mail Online

MIDDLE OR UPPER MIDDLE? lol

Half of US who make enough to even file in the US AVG less than $15,000 PER FAMILY. The MOST that family made is $34,800

TOP 10% OF US MADE A MIN OF $120,000 A YEAR

WHAT 'MIDDLE CLASS' ARE YOU TALKING ABOUT?

Summary of Latest Federal Income Tax Data Tax Foundation

I love the fact you left this out:

The Top 50 Percent of All Taxpayers Paid 97 Percent of All Income Taxes; the Top 5 Percent Paid 57 Percent of All Income Taxes; and the Top 1 Percent Paid 35 Percent of All Income Taxes in 2011

Also, the data doesn't define "family". Those $34k per year people could be single, or retired, or working also in the "black economy"

Fact it, if you make more that 50-60k as a couple YOU ARE THE 1% LOL

HALF OF US AVERAGE LESS THAN $15,000 PER YEAR PER FAMILY!!!

Poor Americans Pay Double The State, Local Tax Rates Of Top One Percent


Most state and local tax systems are regressive, the study found: that is, tax rates become higher as income becomes lower. This regressiveness hits the middle class, too: The middle 20 percent of families paid a 9.4 percent state and local tax rate

Poor Americans Pay Double The State Local Tax Rates Of Top One Percent


"Fact it, if you make more that 50-60k as a couple YOU ARE THE 1% LOL"

NOT in the USA , lol



NOT middle class either!


INCOME TAXES? Oh that PIECE of the pie near WW2 lows as share of the federal pie!


In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!



Trickle down economics and lower taxes on the wealthy are synonymous with 'Banana Republic' which is exactly where we're headed with right wing republican policies. Banana Republics are also run by the 1% elite, not democracies. Given the opportunity that's exactly how the right wing would like it here in the USA and they'll do anything to get to that point - lie, cheat and steal. What baffles me is just how many of the American working class believe the republican rhetoric that they represent them when it couldn't be further from the truth. What a travesty!

Way to stay on point, commie boi.

Today's GOP is the inevitable consequence of their 35 years embracing anti-intellectualism as patriotic and willful ignorance as a virtue.


As the rich get richer and store more of their loot off shore and out of the nation's economy

 

[Dad2three]

If a group of people are making the bulk of our nation's personal income why shouldn't they be paying the bulk of income taxes? That bottom 50% do not make enough at their crappy service sector jobs to contribute a significant portion of the total.

Then stop spouting off that bullshit of "they are not paying their fair share". How about shrinking government?

Oh, wait progressive assholes love playing with other people's money so that will never happen.

The very richest are not paying their fair share. When compared to mere millionaires the billionaires are shamelessly dodging a lot of taxes and still complaining.

Bullshit. Each one pays multiple average taxpayer equivalents, and they fund a bloated government that could easily be cut by 20% without impacting anyone but the federal employees who run the programs and the mooches who live off them.

According to IRS data, the top 400 taxpayers (i.e., the top sliver of the top 1 percent), had an average adjusted gross income (AGI) of $202 million. That year, the top federal rate was 35 percent (it's now 39.6 percent). And what percentage did they pay to the federal government in income taxes: less than 20 percent (!)

How about the top 1 percent overall, people with AGI's over $344,000? They paid an average of just over 24 percent.

And the top 0.1 percent?, those with AGI's over $1.4 million? They paid 24 percent.

Fascinating. The rate dropped the higher you went into the top 1 percent. No one is paying close to the actual top marginal rate. And bear in mind that tax exempt interest doesn't even count in the AGI for these people, with it, their incomes would be higher and their effective tax rate even lower.

How are the rich getting richer? The more they make, the lower income tax rates they pay. Face palm.





The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."
— Warren Buffett on Sunday, August 14th, 2011 in a "New York Times" op-ed

Warren Buffett says the super-rich pay lower tax rates than others PolitiFact

Income tax rates don't matter because rates don't pay for the government. The rich still pay multiple average taxpayer equivalents each, subsidizing anyone who pays less that the average taxpayer equivalent.

If some rich guy pays only 10% of his income in taxes but still pays $5 million in ACTUAL MONEY why do people care about the %?

The reason is simple, greed and envy.

Dad-douche is a perfect example of this.

"Income tax rates don't matter because rates don't pay for the government."

NEITHER HAS THE GOP THE LAST 30+ YEARS. NOTE THE DEBT CREATED TO HIDE THE COST OF GOV'T AS THE 'JOB CREATORS' TAX RATES HAVE DROPPED? LOL



The problem is that we entertain republicans at all. They are consistently wrong and yet we ALWAYS respond to them as if they have credibility.

 

[Dad2three]

If a group of people are making the bulk of our nation's personal income why shouldn't they be paying the bulk of income taxes? That bottom 50% do not make enough at their crappy service sector jobs to contribute a significant portion of the total.

Then stop spouting off that bullshit of "they are not paying their fair share". How about shrinking government?

Oh, wait progressive assholes love playing with other people's money so that will never happen.

The very richest are not paying their fair share. When compared to mere millionaires the billionaires are shamelessly dodging a lot of taxes and still complaining.

Bullshit. Each one pays multiple average taxpayer equivalents, and they fund a bloated government that could easily be cut by 20% without impacting anyone but the federal employees who run the programs and the mooches who live off them.

According to IRS data, the top 400 taxpayers (i.e., the top sliver of the top 1 percent), had an average adjusted gross income (AGI) of $202 million. That year, the top federal rate was 35 percent (it's now 39.6 percent). And what percentage did they pay to the federal government in income taxes: less than 20 percent (!)

How about the top 1 percent overall, people with AGI's over $344,000? They paid an average of just over 24 percent.

And the top 0.1 percent?, those with AGI's over $1.4 million? They paid 24 percent.

Fascinating. The rate dropped the higher you went into the top 1 percent. No one is paying close to the actual top marginal rate. And bear in mind that tax exempt interest doesn't even count in the AGI for these people, with it, their incomes would be higher and their effective tax rate even lower.

How are the rich getting richer? The more they make, the lower income tax rates they pay. Face palm.





The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."
— Warren Buffett on Sunday, August 14th, 2011 in a "New York Times" op-ed

Warren Buffett says the super-rich pay lower tax rates than others PolitiFact

Income tax rates don't matter because rates don't pay for the government. The rich still pay multiple average taxpayer equivalents each, subsidizing anyone who pays less that the average taxpayer equivalent.

If some rich guy pays only 10% of his income in taxes but still pays $5 million in ACTUAL MONEY why do people care about the %?

The reason is simple, greed and envy.

Dad-douche is a perfect example of this.

Maybe we should go back to the good old days when tax rates were high and the corporations save their tax money by reinvesting into their company instead of just pulling everything out.


The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

 

[martybegan]

MIDDLE OR UPPER MIDDLE? lol

Half of US who make enough to even file in the US AVG less than $15,000 PER FAMILY. The MOST that family made is $34,800

TOP 10% OF US MADE A MIN OF $120,000 A YEAR

WHAT 'MIDDLE CLASS' ARE YOU TALKING ABOUT?

Summary of Latest Federal Income Tax Data Tax Foundation

I love the fact you left this out:

The Top 50 Percent of All Taxpayers Paid 97 Percent of All Income Taxes; the Top 5 Percent Paid 57 Percent of All Income Taxes; and the Top 1 Percent Paid 35 Percent of All Income Taxes in 2011

Also, the data doesn't define "family". Those $34k per year people could be single, or retired, or working also in the "black economy"

Fact it, if you make more that 50-60k as a couple YOU ARE THE 1% LOL

If a group of people are making the bulk of our nation's personal income why shouldn't they be paying the bulk of income taxes? That bottom 50% do not make enough at their crappy service sector jobs to contribute a significant portion of the total.

Please don't bring facts into the conversation, this is the republican America

"we will not let facts get in our way"

LOL, you bitching about facts when all you do is link shit and take crap points away from shit.

The Tea Party is an updated version of the John Birch Society started in the 1950's..


In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

The word capitalism can no longer be used for what we now practice. Capitalism would require fair trade, fair adherence to real supply and demand, unmolested and illegally manipulated financial, investment and commodities markets..... What we have here is a Duck hunt and we are the ducks.......... And the one percent use magazines a lot bigger then 10 rounds

Can you actually have an original thought besides copy and pasting crap?

 

[martybegan]

Then stop spouting off that bullshit of "they are not paying their fair share". How about shrinking government?

Oh, wait progressive assholes love playing with other people's money so that will never happen.

The very richest are not paying their fair share. When compared to mere millionaires the billionaires are shamelessly dodging a lot of taxes and still complaining.

Bullshit. Each one pays multiple average taxpayer equivalents, and they fund a bloated government that could easily be cut by 20% without impacting anyone but the federal employees who run the programs and the mooches who live off them.

According to IRS data, the top 400 taxpayers (i.e., the top sliver of the top 1 percent), had an average adjusted gross income (AGI) of $202 million. That year, the top federal rate was 35 percent (it's now 39.6 percent). And what percentage did they pay to the federal government in income taxes: less than 20 percent (!)

How about the top 1 percent overall, people with AGI's over $344,000? They paid an average of just over 24 percent.

And the top 0.1 percent?, those with AGI's over $1.4 million? They paid 24 percent.

Fascinating. The rate dropped the higher you went into the top 1 percent. No one is paying close to the actual top marginal rate. And bear in mind that tax exempt interest doesn't even count in the AGI for these people, with it, their incomes would be higher and their effective tax rate even lower.

How are the rich getting richer? The more they make, the lower income tax rates they pay. Face palm.





The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."
— Warren Buffett on Sunday, August 14th, 2011 in a "New York Times" op-ed

Warren Buffett says the super-rich pay lower tax rates than others PolitiFact

Income tax rates don't matter because rates don't pay for the government. The rich still pay multiple average taxpayer equivalents each, subsidizing anyone who pays less that the average taxpayer equivalent.

If some rich guy pays only 10% of his income in taxes but still pays $5 million in ACTUAL MONEY why do people care about the %?

The reason is simple, greed and envy.

Dad-douche is a perfect example of this.

Maybe we should go back to the good old days when tax rates were high and the corporations save their tax money by reinvesting into their company instead of just pulling everything out.


The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

Again, no real original though.

Please stop stealing oxygen from those who could use it more profitably.

 

[Dad2three]

It is a simple fact that wealth is being concentrated at the top, and this is not a good thing. Thomas Jefferson himself warned this was a grave danger to any nation.

 

[martybegan]

Then stop spouting off that bullshit of "they are not paying their fair share". How about shrinking government?

Oh, wait progressive assholes love playing with other people's money so that will never happen.

The very richest are not paying their fair share. When compared to mere millionaires the billionaires are shamelessly dodging a lot of taxes and still complaining.

Bullshit. Each one pays multiple average taxpayer equivalents, and they fund a bloated government that could easily be cut by 20% without impacting anyone but the federal employees who run the programs and the mooches who live off them.

According to IRS data, the top 400 taxpayers (i.e., the top sliver of the top 1 percent), had an average adjusted gross income (AGI) of $202 million. That year, the top federal rate was 35 percent (it's now 39.6 percent). And what percentage did they pay to the federal government in income taxes: less than 20 percent (!)

How about the top 1 percent overall, people with AGI's over $344,000? They paid an average of just over 24 percent.

And the top 0.1 percent?, those with AGI's over $1.4 million? They paid 24 percent.

Fascinating. The rate dropped the higher you went into the top 1 percent. No one is paying close to the actual top marginal rate. And bear in mind that tax exempt interest doesn't even count in the AGI for these people, with it, their incomes would be higher and their effective tax rate even lower.

How are the rich getting richer? The more they make, the lower income tax rates they pay. Face palm.





The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."
— Warren Buffett on Sunday, August 14th, 2011 in a "New York Times" op-ed

Warren Buffett says the super-rich pay lower tax rates than others PolitiFact

Income tax rates don't matter because rates don't pay for the government. The rich still pay multiple average taxpayer equivalents each, subsidizing anyone who pays less that the average taxpayer equivalent.

If some rich guy pays only 10% of his income in taxes but still pays $5 million in ACTUAL MONEY why do people care about the %?

The reason is simple, greed and envy.

Dad-douche is a perfect example of this.

"Income tax rates don't matter because rates don't pay for the government."

NEITHER HAS THE GOP THE LAST 30+ YEARS. NOTE THE DEBT CREATED TO HIDE THE COST OF GOV'T AS THE 'JOB CREATORS' TAX RATES HAVE DROPPED? LOL



The problem is that we entertain republicans at all. They are consistently wrong and yet we ALWAYS respond to them as if they have credibility.

Thank you for admitting my point ruined your whole screed this post.

 

[martybegan]

You do know you only need an income of $34k a year per person to be in the top 1% worldwide, right?

So a family of 4 is in the top 1% if they make a combined income of $136,000 a year, which is basically middle to upper middle class depending on your region.

We are the 1 You need 34k income to be in the global elite... and half the world s richest live in the U.S. Daily Mail Online

MIDDLE OR UPPER MIDDLE? lol

Half of US who make enough to even file in the US AVG less than $15,000 PER FAMILY. The MOST that family made is $34,800

TOP 10% OF US MADE A MIN OF $120,000 A YEAR

WHAT 'MIDDLE CLASS' ARE YOU TALKING ABOUT?

Summary of Latest Federal Income Tax Data Tax Foundation

I love the fact you left this out:

The Top 50 Percent of All Taxpayers Paid 97 Percent of All Income Taxes; the Top 5 Percent Paid 57 Percent of All Income Taxes; and the Top 1 Percent Paid 35 Percent of All Income Taxes in 2011

Also, the data doesn't define "family". Those $34k per year people could be single, or retired, or working also in the "black economy"

Fact it, if you make more that 50-60k as a couple YOU ARE THE 1% LOL

HALF OF US AVERAGE LESS THAN $15,000 PER YEAR PER FAMILY!!!

Poor Americans Pay Double The State, Local Tax Rates Of Top One Percent


Most state and local tax systems are regressive, the study found: that is, tax rates become higher as income becomes lower. This regressiveness hits the middle class, too: The middle 20 percent of families paid a 9.4 percent state and local tax rate

Poor Americans Pay Double The State Local Tax Rates Of Top One Percent


"Fact it, if you make more that 50-60k as a couple YOU ARE THE 1% LOL"

NOT in the USA , lol



NOT middle class either!


INCOME TAXES? Oh that PIECE of the pie near WW2 lows as share of the federal pie!


In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!



Trickle down economics and lower taxes on the wealthy are synonymous with 'Banana Republic' which is exactly where we're headed with right wing republican policies. Banana Republics are also run by the 1% elite, not democracies. Given the opportunity that's exactly how the right wing would like it here in the USA and they'll do anything to get to that point - lie, cheat and steal. What baffles me is just how many of the American working class believe the republican rhetoric that they represent them when it couldn't be further from the truth. What a travesty!

Way to stay on point, commie boi.

Today's GOP is the inevitable consequence of their 35 years embracing anti-intellectualism as patriotic and willful ignorance as a virtue.


As the rich get richer and store more of their loot off shore and out of the nation's economy

Trying to up your post count with crap I see.

 

[Dad2three]

I love the fact you left this out:

Also, the data doesn't define "family". Those $34k per year people could be single, or retired, or working also in the "black economy"

Fact it, if you make more that 50-60k as a couple YOU ARE THE 1% LOL

If a group of people are making the bulk of our nation's personal income why shouldn't they be paying the bulk of income taxes? That bottom 50% do not make enough at their crappy service sector jobs to contribute a significant portion of the total.

Please don't bring facts into the conversation, this is the republican America

"we will not let facts get in our way"

LOL, you bitching about facts when all you do is link shit and take crap points away from shit.

The Tea Party is an updated version of the John Birch Society started in the 1950's..


In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

The word capitalism can no longer be used for what we now practice. Capitalism would require fair trade, fair adherence to real supply and demand, unmolested and illegally manipulated financial, investment and commodities markets..... What we have here is a Duck hunt and we are the ducks.......... And the one percent use magazines a lot bigger then 10 rounds

Can you actually have an original thought besides copy and pasting crap?

So YOU are immune to FACTUAL data and instead pull a Rushblo on US? Got it

 

[martybegan]

If a group of people are making the bulk of our nation's personal income why shouldn't they be paying the bulk of income taxes? That bottom 50% do not make enough at their crappy service sector jobs to contribute a significant portion of the total.

Please don't bring facts into the conversation, this is the republican America

"we will not let facts get in our way"

LOL, you bitching about facts when all you do is link shit and take crap points away from shit.

The Tea Party is an updated version of the John Birch Society started in the 1950's..


In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

The word capitalism can no longer be used for what we now practice. Capitalism would require fair trade, fair adherence to real supply and demand, unmolested and illegally manipulated financial, investment and commodities markets..... What we have here is a Duck hunt and we are the ducks.......... And the one percent use magazines a lot bigger then 10 rounds

Can you actually have an original thought besides copy and pasting crap?

So YOU are immune to FACTUAL data and instead pull a Rushblo on US? Got it

 

[Dad2three]

The very richest are not paying their fair share. When compared to mere millionaires the billionaires are shamelessly dodging a lot of taxes and still complaining.

Bullshit. Each one pays multiple average taxpayer equivalents, and they fund a bloated government that could easily be cut by 20% without impacting anyone but the federal employees who run the programs and the mooches who live off them.

According to IRS data, the top 400 taxpayers (i.e., the top sliver of the top 1 percent), had an average adjusted gross income (AGI) of $202 million. That year, the top federal rate was 35 percent (it's now 39.6 percent). And what percentage did they pay to the federal government in income taxes: less than 20 percent (!)

How about the top 1 percent overall, people with AGI's over $344,000? They paid an average of just over 24 percent.

And the top 0.1 percent?, those with AGI's over $1.4 million? They paid 24 percent.

Fascinating. The rate dropped the higher you went into the top 1 percent. No one is paying close to the actual top marginal rate. And bear in mind that tax exempt interest doesn't even count in the AGI for these people, with it, their incomes would be higher and their effective tax rate even lower.

How are the rich getting richer? The more they make, the lower income tax rates they pay. Face palm.





The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."
— Warren Buffett on Sunday, August 14th, 2011 in a "New York Times" op-ed

Warren Buffett says the super-rich pay lower tax rates than others PolitiFact

Income tax rates don't matter because rates don't pay for the government. The rich still pay multiple average taxpayer equivalents each, subsidizing anyone who pays less that the average taxpayer equivalent.

If some rich guy pays only 10% of his income in taxes but still pays $5 million in ACTUAL MONEY why do people care about the %?

The reason is simple, greed and envy.

Dad-douche is a perfect example of this.

"Income tax rates don't matter because rates don't pay for the government."

NEITHER HAS THE GOP THE LAST 30+ YEARS. NOTE THE DEBT CREATED TO HIDE THE COST OF GOV'T AS THE 'JOB CREATORS' TAX RATES HAVE DROPPED? LOL



The problem is that we entertain republicans at all. They are consistently wrong and yet we ALWAYS respond to them as if they have credibility.

Thank you for admitting my point ruined your whole screed this post.

Your point? Oh right, Reagan cut Gov't revenues with his tax cuts for the rich (even though he increased taxes 11 times mainly on the middle class) and Dubya took over 25% OFF of the revenue's Clinton's good fiscal policies (20%+ of GDP) got US too, down to less than 15% of GDP. POINT? LOL

 

[martybegan]

Bullshit. Each one pays multiple average taxpayer equivalents, and they fund a bloated government that could easily be cut by 20% without impacting anyone but the federal employees who run the programs and the mooches who live off them.

According to IRS data, the top 400 taxpayers (i.e., the top sliver of the top 1 percent), had an average adjusted gross income (AGI) of $202 million. That year, the top federal rate was 35 percent (it's now 39.6 percent). And what percentage did they pay to the federal government in income taxes: less than 20 percent (!)

How about the top 1 percent overall, people with AGI's over $344,000? They paid an average of just over 24 percent.

And the top 0.1 percent?, those with AGI's over $1.4 million? They paid 24 percent.

Fascinating. The rate dropped the higher you went into the top 1 percent. No one is paying close to the actual top marginal rate. And bear in mind that tax exempt interest doesn't even count in the AGI for these people, with it, their incomes would be higher and their effective tax rate even lower.

How are the rich getting richer? The more they make, the lower income tax rates they pay. Face palm.





The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."
— Warren Buffett on Sunday, August 14th, 2011 in a "New York Times" op-ed

Warren Buffett says the super-rich pay lower tax rates than others PolitiFact

Income tax rates don't matter because rates don't pay for the government. The rich still pay multiple average taxpayer equivalents each, subsidizing anyone who pays less that the average taxpayer equivalent.

If some rich guy pays only 10% of his income in taxes but still pays $5 million in ACTUAL MONEY why do people care about the %?

The reason is simple, greed and envy.

Dad-douche is a perfect example of this.

"Income tax rates don't matter because rates don't pay for the government."

NEITHER HAS THE GOP THE LAST 30+ YEARS. NOTE THE DEBT CREATED TO HIDE THE COST OF GOV'T AS THE 'JOB CREATORS' TAX RATES HAVE DROPPED? LOL



The problem is that we entertain republicans at all. They are consistently wrong and yet we ALWAYS respond to them as if they have credibility.

Thank you for admitting my point ruined your whole screed this post.

Your point? Oh right, Reagan cut Gov't revenues with his tax cuts for the rich (even though he increased taxes 11 times mainly on the middle class) and Dubya took over 25% OFF of the revenue's Clinton's good fiscal policies (20%+ of GDP) got US too, down to less than 15% of GDP. POINT? LOL

And?

 

[Dad2three]

Please don't bring facts into the conversation, this is the republican America

"we will not let facts get in our way"

LOL, you bitching about facts when all you do is link shit and take crap points away from shit.

The Tea Party is an updated version of the John Birch Society started in the 1950's..


In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

The word capitalism can no longer be used for what we now practice. Capitalism would require fair trade, fair adherence to real supply and demand, unmolested and illegally manipulated financial, investment and commodities markets..... What we have here is a Duck hunt and we are the ducks.......... And the one percent use magazines a lot bigger then 10 rounds

Can you actually have an original thought besides copy and pasting crap?

So YOU are immune to FACTUAL data and instead pull a Rushblo on US? Got it

In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

(ANTI) Tax Foundation lol



Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

I do not know which makes a man more conservative — to know nothing but the present, or nothing but the past.

John Maynard Keynes

 

[Dad2three]

According to IRS data, the top 400 taxpayers (i.e., the top sliver of the top 1 percent), had an average adjusted gross income (AGI) of $202 million. That year, the top federal rate was 35 percent (it's now 39.6 percent). And what percentage did they pay to the federal government in income taxes: less than 20 percent (!)

How about the top 1 percent overall, people with AGI's over $344,000? They paid an average of just over 24 percent.

And the top 0.1 percent?, those with AGI's over $1.4 million? They paid 24 percent.

Fascinating. The rate dropped the higher you went into the top 1 percent. No one is paying close to the actual top marginal rate. And bear in mind that tax exempt interest doesn't even count in the AGI for these people, with it, their incomes would be higher and their effective tax rate even lower.

How are the rich getting richer? The more they make, the lower income tax rates they pay. Face palm.





The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."
— Warren Buffett on Sunday, August 14th, 2011 in a "New York Times" op-ed

Warren Buffett says the super-rich pay lower tax rates than others PolitiFact

Income tax rates don't matter because rates don't pay for the government. The rich still pay multiple average taxpayer equivalents each, subsidizing anyone who pays less that the average taxpayer equivalent.

If some rich guy pays only 10% of his income in taxes but still pays $5 million in ACTUAL MONEY why do people care about the %?

The reason is simple, greed and envy.

Dad-douche is a perfect example of this.

"Income tax rates don't matter because rates don't pay for the government."

NEITHER HAS THE GOP THE LAST 30+ YEARS. NOTE THE DEBT CREATED TO HIDE THE COST OF GOV'T AS THE 'JOB CREATORS' TAX RATES HAVE DROPPED? LOL



The problem is that we entertain republicans at all. They are consistently wrong and yet we ALWAYS respond to them as if they have credibility.

Thank you for admitting my point ruined your whole screed this post.

Your point? Oh right, Reagan cut Gov't revenues with his tax cuts for the rich (even though he increased taxes 11 times mainly on the middle class) and Dubya took over 25% OFF of the revenue's Clinton's good fiscal policies (20%+ of GDP) got US too, down to less than 15% of GDP. POINT? LOL

And?

YOU stated tax rates don't matter? Apparently they do!!! lol

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory


The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study - Forbes




In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

 

[Brain357]

The richest 80 individuals in the world had the same wealth as the poorest 50 percent of the entire population, some 3.5 billion people, Oxfam said. This was an even bigger concentration at the top than a year ago, when half the world's wealth was in the hands of 85 of the ultra rich.

Richest 1 percent will own more than rest combined by 2016 report Al Jazeera America

Rich getting richer Wealth increasingly concentrated in hands of few Oxfam says CTV News

At the same time, one in nine people don't have enough to eat and more than a billion people live on less than $1.25 a day, Oxfam said, ticking off statistics that paint a grim picture for all but the world's richest.

The charity is calling for a crackdown on tax avoidance by corporations and rich people, as well as increased investment in health and education and equal pay legislation.

-----------------------------------

Republicans think inherited wealth is earned and everyone has an equal opportunity. They see this as a "job well done".

Maybe this is why the world is in such bad shape.

 

[martybegan]

LOL, you bitching about facts when all you do is link shit and take crap points away from shit.

The Tea Party is an updated version of the John Birch Society started in the 1950's..


In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

The word capitalism can no longer be used for what we now practice. Capitalism would require fair trade, fair adherence to real supply and demand, unmolested and illegally manipulated financial, investment and commodities markets..... What we have here is a Duck hunt and we are the ducks.......... And the one percent use magazines a lot bigger then 10 rounds

Can you actually have an original thought besides copy and pasting crap?

So YOU are immune to FACTUAL data and instead pull a Rushblo on US? Got it

In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

(ANTI) Tax Foundation lol



Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

I do not know which makes a man more conservative — to know nothing but the present, or nothing but the past.

John Maynard Keynes

You post stuff without even knowing or caring what it means.

 

[martybegan]

Income tax rates don't matter because rates don't pay for the government. The rich still pay multiple average taxpayer equivalents each, subsidizing anyone who pays less that the average taxpayer equivalent.

If some rich guy pays only 10% of his income in taxes but still pays $5 million in ACTUAL MONEY why do people care about the %?

The reason is simple, greed and envy.

Dad-douche is a perfect example of this.

"Income tax rates don't matter because rates don't pay for the government."

NEITHER HAS THE GOP THE LAST 30+ YEARS. NOTE THE DEBT CREATED TO HIDE THE COST OF GOV'T AS THE 'JOB CREATORS' TAX RATES HAVE DROPPED? LOL



The problem is that we entertain republicans at all. They are consistently wrong and yet we ALWAYS respond to them as if they have credibility.

Thank you for admitting my point ruined your whole screed this post.

Your point? Oh right, Reagan cut Gov't revenues with his tax cuts for the rich (even though he increased taxes 11 times mainly on the middle class) and Dubya took over 25% OFF of the revenue's Clinton's good fiscal policies (20%+ of GDP) got US too, down to less than 15% of GDP. POINT? LOL

And?

YOU stated tax rates don't matter? Apparently they do!!! lol

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory


The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study - Forbes




In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

Lol "studies"

 

[Dad2three]

The Tea Party is an updated version of the John Birch Society started in the 1950's..


In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

The word capitalism can no longer be used for what we now practice. Capitalism would require fair trade, fair adherence to real supply and demand, unmolested and illegally manipulated financial, investment and commodities markets..... What we have here is a Duck hunt and we are the ducks.......... And the one percent use magazines a lot bigger then 10 rounds

Can you actually have an original thought besides copy and pasting crap?

So YOU are immune to FACTUAL data and instead pull a Rushblo on US? Got it

In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

(ANTI) Tax Foundation lol



Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

I do not know which makes a man more conservative — to know nothing but the present, or nothing but the past.

John Maynard Keynes

You post stuff without even knowing or caring what it means.

Sure Bubba, AS you suck off the right wing billionaires. I hope you don't swallow, like Rush/Hannity do?