bedowin62
Gold Member
- Feb 6, 2014
- 17,997
- 2,025
Only a numskull and a thug would think looting $500 biliion is a good idea. No nation ever taxed its way to prosperity.There is no real purpose in taxing the rich more of their income because there simply isn't enough income among the rich to even close the Obama deficit, much less pay for anything new.
Weird, the top 1% had $1,976,738 ($1.97 TRILLION) in income in 2012, thew latest year with only $451,328 ($451 BILLION) in income taxes (an EFFECTIVE rate of 22.8%) IF we just doubled the effective rat\r the US would have another $451 billion, does that help US in revenues?
Top 5% had $3,330,944 ($3.3 TRILLION) in income and only paid $698,543 ($698 Billion) in taxes, 21.0% EFFECTIVE tax rates. What if we had another $698 billion?
BTW, this years deficit is projected to be $486 billion
Summary of Latest Federal Income Tax Data Tax Foundation
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Weird, I showed taxing the "job creators" WOULD wipe out the deficit completely, blowing the original posters posit out of the water. Thanks for TRYING to change the subject though Bubba
good one leftard; to bad you couldnt get your Jackass Party to even bring your idea up huh?