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he pay gap between the richest 1 percent and the rest of America widened last year, making a record.
The top 1 percent of U.S. earners collected 19.3 percent of household income in 2012, their largest share in Internal Revenue Service figures going back a century.
U.S. income inequality has been growing for almost three decades. But until last year, the top 1 percent's share of pre-tax income had not yet surpassed the 18.7 percent it reached in 1927, according to an analysis of IRS figures dating to 1913 by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University.
One of them, Emmanuel Saez of the University of California, Berkeley, said the incomes of the richest Americans might have surged last year in part because they cashed in stock holdings to avoid higher capital gains taxes that took effect in January.
Last year, the incomes of the top 1 percent rose 19.6 percent compared with a 1 percent increase for the remaining 99 percent.
What else can be said, the powerful line their pockets while chastising and hurting workers.
Top 1 percent took record share of US income in 2012 - NBC News.com
You post opinions sans facts ("The problem is that liberals are weak and you want lots of reward for almost no effort") based on your hate for those who don't subscribe to your non pragmatic and emotion laden ideology.
Actually I gave the only fact in this discussion, it's you and your buds who are blowing opinion out of your posteriors.
The top 1% earn 20% of the income and pay 40% of the taxes. IRS data. The problem is what exactly? How much should they pay?
Actually I gave the only fact in this discussion, it's you and your buds who are blowing opinion out of your posteriors.
The top 1% earn 20% of the income and pay 40% of the taxes. IRS data. The problem is what exactly? How much should they pay?
The fact that you actually believe your "fact" actually says something of substance is evidence you lack critical thinking skills and/or are not very bright.
I hope this is not too abstract for you: "There are liars, damn liars and statistics", Mark Twain
You post opinions sans facts ("The problem is that liberals are weak and you want lots of reward for almost no effort") based on your hate for those who don't subscribe to your non pragmatic and emotion laden ideology.
Actually I gave the only fact in this discussion, it's you and your buds who are blowing opinion out of your posteriors.
The top 1% earn 20% of the income and pay 40% of the taxes. IRS data. The problem is what exactly? How much should they pay?
When a wealthy person's share of the national income is skyrocketing, and their tax RATE has actually declined over a period of several decades (check the tax tables over the last 50 years if you don't believe me), then complaining about paying 40% of all federal income taxes is a red herring because they're not only MAKING more money than they ever did before, they're KEEPING more of that income (both the previous level of income and the increase of income) than they ever did before because the marginal tax rate is less than half of what it used to be.
You post opinions sans facts ("The problem is that liberals are weak and you want lots of reward for almost no effort") based on your hate for those who don't subscribe to your non pragmatic and emotion laden ideology.
Actually I gave the only fact in this discussion, it's you and your buds who are blowing opinion out of your posteriors.
The top 1% earn 20% of the income and pay 40% of the taxes. IRS data. The problem is what exactly? How much should they pay?
When a wealthy person's share of the national income is skyrocketing, and their tax RATE has actually declined over a period of several decades (check the tax tables over the last 50 years if you don't believe me), then complaining about paying 40% of all federal income taxes is a red herring because they're not only MAKING more money than they ever did before, they're KEEPING more of that income (both the previous level of income and the increase of income) than they ever did before because the marginal tax rate is less than half of what it used to be.
Obama's election has been good for someone...
just not good for you in the middle class or the poor
Currently active users on this thread:
Wry Catcher, Nosmo King, francoHFW, Mustang, Dutch, ClosedCaption
If it isn't George Zimmerman one day, it's class warfare the next. You guys are pathetic.
Currently active users on this thread:
Wry Catcher, Nosmo King, francoHFW, Mustang, Dutch, ClosedCaption
If it isn't George Zimmerman one day, it's class warfare the next. You guys are pathetic.
pitiful is more like it...yesterday it was hate on Tea Party...today it's the wealthy..
it'll be someone else tomorrow, you can bank on that
Currently active users on this thread:
Wry Catcher, Nosmo King, francoHFW, Mustang, Dutch, ClosedCaption
If it isn't George Zimmerman one day, it's class warfare the next. You guys are pathetic.
Actually I gave the only fact in this discussion, it's you and your buds who are blowing opinion out of your posteriors.
The top 1% earn 20% of the income and pay 40% of the taxes. IRS data. The problem is what exactly? How much should they pay?
You are missing the entire point. No one disagrees with you that the top 1% pay most of the taxes. The problem is that all of the income gains in the last 30 years or so have gone almost exclusively to the top 1% and if this continues it can be detrimental to our society. If the top 1% is sharing 25-30 percent of income gains in this country and 300 million have to fight for the other 70% it can become an unstable situation. Just look throughout history and there are plenty of examples of empires and countries collapsing with income inequality being a major factor in that collapse. French Revolution, Russian Revolution, etc......
This point will be...MUST BE ignored. Watch
You post opinions sans facts ("The problem is that liberals are weak and you want lots of reward for almost no effort") based on your hate for those who don't subscribe to your non pragmatic and emotion laden ideology.
Actually I gave the only fact in this discussion, it's you and your buds who are blowing opinion out of your posteriors.
The top 1% earn 20% of the income and pay 40% of the taxes. IRS data. The problem is what exactly? How much should they pay?
Currently active users on this thread:
Wry Catcher, Nosmo King, francoHFW, Mustang, Dutch, ClosedCaption
If it isn't George Zimmerman one day, it's class warfare the next. You guys are pathetic.
pitiful is more like it...yesterday it was hate on Tea Party...today it's the wealthy..
it'll be someone else tomorrow, you can bank on that
Their policies don't work and their ideas don't make sense, hate is all they have left. Sadly that one is working.
You post opinions sans facts ("The problem is that liberals are weak and you want lots of reward for almost no effort") based on your hate for those who don't subscribe to your non pragmatic and emotion laden ideology.
Actually I gave the only fact in this discussion, it's you and your buds who are blowing opinion out of your posteriors.
The top 1% earn 20% of the income and pay 40% of the taxes. IRS data. The problem is what exactly? How much should they pay?
...of federal income taxes, dingbat, because voodoo is for fooling the dupes. Payroll taxes are now more than that, and all the state taxes and fees have risen to make up for the shortfall, so now people on welfare pay as much percentage wise as many of the richest. Change the channel, functional moron. Stuff the lazy BS too, Pub dupes. Ay caramba...
You are missing the entire point. No one disagrees with you that the top 1% pay most of the taxes. The problem is that all of the income gains in the last 30 years or so have gone almost exclusively to the top 1% and if this continues it can be detrimental to our society. If the top 1% is sharing 25-30 percent of income gains in this country and 300 million have to fight for the other 70% it can become an unstable situation. Just look throughout history and there are plenty of examples of empires and countries collapsing with income inequality being a major factor in that collapse. French Revolution, Russian Revolution, etc......
This point will be...MUST BE ignored. Watch
Told ya..
The point isn't about how easy or difficult it is to get rich. The point is about how difficult it is now, as opposed to decades passed, just to support a family.
Even after almost 5 years of Obama, it's easier now and more rewarding in this country then for almost any in the history of mankind. The problem is that liberals are weak and you want lots of reward for almost no effort.You don't get that your soft life was provided by a lot of hard work and in your greed, you're working to kill the goose that laid the golden egg.
Currently active users on this thread:
Wry Catcher, Nosmo King, francoHFW, Mustang, Dutch, ClosedCaption
If it isn't George Zimmerman one day, it's class warfare the next. You guys are pathetic.
