Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

[danielpalos]

the wealthy "making it", under Capitalism; who cares. we know Jesus the Christ thought you were a bunch of "socially moral parasites", who won't "make it to Heaven, without social intervention".

Dont try that shit on me.
I'm not a Church goer.

the point is, if it is not about morals; it must be about ethics.

I'm the guy who gives back the incorrect change when it's in my favor.
In fact when we left petsmart the other day they didnt charge us for a $125 puppy pen. We went back and paid so dont talk to me about ethics and morals.

You should apply ethics to your arguments.

I already have.
I take nothing that I didnt earn.

in other words, simply performing Labor in a manner indistinguishable from that of the Age of Iron; is no guarantee of capital remuneration. the Labor still occurred. what did you earn?

 

[danielpalos]

raise the minimum wage until the poor pay enough in taxes.

No, let the poor get a higher paying job, then they will pay higher taxes.

-Geaux

WTF?...who is not letting people get a better paying job?

But intill they do get one, minimum wage ensures they are minimaly compensated for their labor.

29 million filthy, low iQ, illiterate wetbacks that can’t speak the native language and have zero communication skills fuck shit all up don’t they?

No you stupid racist shit. Those "wetbacks that can't speak the native language" pay billions, yes BILLIONS with a B, in Social Security taxes and they will never collect a dime. Better yet, you never ever hear them bitch about it. In my book, that makes them more of a "real American" than you can ever hope to be.

All good, real Americans hate illegal wetbacks, they hate all criminals...sorry bud
https://www.ssa.gov/oact/NOTES/pdf_notes/note151.pdf
Let's analyze the numbers....so 3.1 million illegals of the bullshit estimation of 11 million paid an average of $349 per month toward social security and Medicare according to those figures....right?
So let's look at what they steal from American taxpayers shall we?
In 2010, the average unlawful immigrant household received around $24,721 in government benefits and services while paying some $10,334 in taxes. This generated an average annual fiscal deficit (benefits received minus taxes paid) of around $14,387 per household. This cost had to be borne by U.S. taxpayers... Under current law, all unlawful immigrant households together have an aggregate annual deficit of around $54.5 billion.
What else can I teach your wetback loving ass?

a racism tax! we have a First Amendment and subscribe to Capitalism!

 

[HereWeGoAgain]

Dont try that shit on me.
I'm not a Church goer.

the point is, if it is not about morals; it must be about ethics.

I'm the guy who gives back the incorrect change when it's in my favor.
In fact when we left petsmart the other day they didnt charge us for a $125 puppy pen. We went back and paid so dont talk to me about ethics and morals.

You should apply ethics to your arguments.

I already have.
I take nothing that I didnt earn.

in other words, simply performing Labor in a manner indistinguishable from that of the Age of Iron; is no guarantee of capital remuneration. the Labor still occurred. what did you earn?

I and the Wife earned the going rate for our labor.
You have a problem with that?

 

[CowboyTed]

Seems like they are paying their fair share to me

-Geaux
--------------------

(Bloomberg) -- Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the Internal Revenue Services.

Bloomberg looked into the 2016 individual returns data in detail for some additional insights illustrated in the charts below:

• The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
• The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.

• In other words, the bottom 50 percent paid 3 percent. Which small percentile of tax payers also paid 3 percent or more? You might have guessed it. It is the top 0.001%, or about 1,400 taxpayers. That group alone paid 3.25 percent of all income taxes. In 2001, the bottom 50 percent paid nearly 5 percent whereas the top 0.001 percent of filers paid 2.3 percent of income taxes.

• The individual income tax system is designed to be progressive – those with higher incomes pay at higher rates. While the indentation, or the reduction in the steepness of the "progressivity" curve, is visible at the highest levels.

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

Yet the rich get richer...

Income gap is continuing to grow.. Trump is just increasing that..

 

[Fort Fun Indiana]

Seems like they are paying their fair share to me

-Geaux
--------------------

(Bloomberg) -- Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the Internal Revenue Services.

Bloomberg looked into the 2016 individual returns data in detail for some additional insights illustrated in the charts below:

• The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
• The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.

• In other words, the bottom 50 percent paid 3 percent. Which small percentile of tax payers also paid 3 percent or more? You might have guessed it. It is the top 0.001%, or about 1,400 taxpayers. That group alone paid 3.25 percent of all income taxes. In 2001, the bottom 50 percent paid nearly 5 percent whereas the top 0.001 percent of filers paid 2.3 percent of income taxes.

• The individual income tax system is designed to be progressive – those with higher incomes pay at higher rates. While the indentation, or the reduction in the steepness of the "progressivity" curve, is visible at the highest levels.

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

Yet the rich get richer...

Income gap is continuing to grow.. Trump is just increasing that..

Well, of course. He desperately wants the approval of the rich, as he became the laughingstock of the banks and developers long ago. What his cultists can't seem to come to terms with is that he views them as classless vermin and wouldn't piss on any of them if they were on fire.

 

[BrokeLoser]

Seems like they are paying their fair share to me

-Geaux
--------------------

(Bloomberg) -- Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the Internal Revenue Services.

Bloomberg looked into the 2016 individual returns data in detail for some additional insights illustrated in the charts below:

• The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
• The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.

• In other words, the bottom 50 percent paid 3 percent. Which small percentile of tax payers also paid 3 percent or more? You might have guessed it. It is the top 0.001%, or about 1,400 taxpayers. That group alone paid 3.25 percent of all income taxes. In 2001, the bottom 50 percent paid nearly 5 percent whereas the top 0.001 percent of filers paid 2.3 percent of income taxes.

• The individual income tax system is designed to be progressive – those with higher incomes pay at higher rates. While the indentation, or the reduction in the steepness of the "progressivity" curve, is visible at the highest levels.

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

Yet the rich get richer...

Income gap is continuing to grow.. Trump is just increasing that..

“Income gap”
WTF...why are you so envious of your neighbor who’s done better than you? Pull your head from your ass and go get yours. Simple shit.

 

[danielpalos]

the point is, if it is not about morals; it must be about ethics.

I'm the guy who gives back the incorrect change when it's in my favor.
In fact when we left petsmart the other day they didnt charge us for a $125 puppy pen. We went back and paid so dont talk to me about ethics and morals.

You should apply ethics to your arguments.

I already have.
I take nothing that I didnt earn.

in other words, simply performing Labor in a manner indistinguishable from that of the Age of Iron; is no guarantee of capital remuneration. the Labor still occurred. what did you earn?

I and the Wife earned the going rate for our labor.
You have a problem with that?

nothing at all. capitalism has a natural rate of unemployment for the benefit of those who use Capital to work instead of a work ethic from the Age of Iron. that is unethical and unproductive in our political economy.

 

[Thinker101]

Seems like they are paying their fair share to me

-Geaux
--------------------

(Bloomberg) -- Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the Internal Revenue Services.

Bloomberg looked into the 2016 individual returns data in detail for some additional insights illustrated in the charts below:

• The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
• The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.

• In other words, the bottom 50 percent paid 3 percent. Which small percentile of tax payers also paid 3 percent or more? You might have guessed it. It is the top 0.001%, or about 1,400 taxpayers. That group alone paid 3.25 percent of all income taxes. In 2001, the bottom 50 percent paid nearly 5 percent whereas the top 0.001 percent of filers paid 2.3 percent of income taxes.

• The individual income tax system is designed to be progressive – those with higher incomes pay at higher rates. While the indentation, or the reduction in the steepness of the "progressivity" curve, is visible at the highest levels.

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

Yet the rich get richer...

Income gap is continuing to grow.. Trump is just increasing that..

Yup, that happens when you sit on your rear picking your nose and hoping things will change.

 

[danielpalos]

Seems like they are paying their fair share to me

-Geaux
--------------------

(Bloomberg) -- Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the Internal Revenue Services.

Bloomberg looked into the 2016 individual returns data in detail for some additional insights illustrated in the charts below:

• The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
• The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.

• In other words, the bottom 50 percent paid 3 percent. Which small percentile of tax payers also paid 3 percent or more? You might have guessed it. It is the top 0.001%, or about 1,400 taxpayers. That group alone paid 3.25 percent of all income taxes. In 2001, the bottom 50 percent paid nearly 5 percent whereas the top 0.001 percent of filers paid 2.3 percent of income taxes.

• The individual income tax system is designed to be progressive – those with higher incomes pay at higher rates. While the indentation, or the reduction in the steepness of the "progressivity" curve, is visible at the highest levels.

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

Yet the rich get richer...

Income gap is continuing to grow.. Trump is just increasing that..

Tax Cut economics are Institutional, not Individual.

 

[HereWeGoAgain]

I'm the guy who gives back the incorrect change when it's in my favor.
In fact when we left petsmart the other day they didnt charge us for a $125 puppy pen. We went back and paid so dont talk to me about ethics and morals.

You should apply ethics to your arguments.

I already have.
I take nothing that I didnt earn.

in other words, simply performing Labor in a manner indistinguishable from that of the Age of Iron; is no guarantee of capital remuneration. the Labor still occurred. what did you earn?

I and the Wife earned the going rate for our labor.
You have a problem with that?

nothing at all. capitalism has a natural rate of unemployment for the benefit of those who use Capital to work instead of a work ethic from the Age of Iron. that is unethical and unproductive in our political economy.

So you hate the machining industry and the banking industry....

 

[danielpalos]

You should apply ethics to your arguments.

I already have.
I take nothing that I didnt earn.

in other words, simply performing Labor in a manner indistinguishable from that of the Age of Iron; is no guarantee of capital remuneration. the Labor still occurred. what did you earn?

I and the Wife earned the going rate for our labor.
You have a problem with that?

nothing at all. capitalism has a natural rate of unemployment for the benefit of those who use Capital to work instead of a work ethic from the Age of Iron. that is unethical and unproductive in our political economy.

So you hate the machining industry and the banking industry....

it is not about Hate; but about morals and a work ethic from the Age of Iron; either you are moral and "earn it from the sweat of your brow," or you don't and are not, that moral.

 

[danielpalos]

What about the ethics of capitalism's, natural rate of unemployment in our First World economy.

The First World can Never compete on something as social as Labor, with the Less Developed world.

 

[AntonToo]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Well we know its not 47% of the population

-Geaux

raise the minimum wage until the poor pay enough in taxes.

You are ignorant. $15 minimum wage wot correct the defect. Your socialist posts are always moonbeams

15 minimum wage would in fact reduce federal spending on low income people and increase how much they pay in taxes.

But as always you ignore the fact that products will increase in cost to make up for the loss in income.

I do not ignore common rightwing myths, I address them, again and again and again.

The raise in minimum wage pay will be far greater than fractional inflation it may cause.

Learn that and stop repeating bullshit.

 

[danielpalos]

Well we know its not 47% of the population

-Geaux

raise the minimum wage until the poor pay enough in taxes.

You are ignorant. $15 minimum wage wot correct the defect. Your socialist posts are always moonbeams

15 minimum wage would in fact reduce federal spending on low income people and increase how much they pay in taxes.

But as always you ignore the fact that products will increase in cost to make up for the loss in income.

Horseshit.

The raise in minimum wage pay will be far greater than fractional inflation it may cause.

the right wing Only complains when the Poor may benefit. they don't complain about price inflation for fuel.

 

[HereWeGoAgain]

I already have.
I take nothing that I didnt earn.

in other words, simply performing Labor in a manner indistinguishable from that of the Age of Iron; is no guarantee of capital remuneration. the Labor still occurred. what did you earn?

I and the Wife earned the going rate for our labor.
You have a problem with that?

nothing at all. capitalism has a natural rate of unemployment for the benefit of those who use Capital to work instead of a work ethic from the Age of Iron. that is unethical and unproductive in our political economy.

So you hate the machining industry and the banking industry....

it is not about Hate; but about morals and a work ethic from the Age of Iron; either you are moral and "earn it from the sweat of your brow," or you don't and are not, that moral.

The Wife started as a teller and ended up a CAO over an entire banking chain.I started as a delivery driver,deburr,floor sweep and worked my way up to inspection and finally to a master machinist who made parts for the NASA shuttle program and the F-22 prototype team.
....and you?

 

[HereWeGoAgain]

in other words, simply performing Labor in a manner indistinguishable from that of the Age of Iron; is no guarantee of capital remuneration. the Labor still occurred. what did you earn?

I and the Wife earned the going rate for our labor.
You have a problem with that?

nothing at all. capitalism has a natural rate of unemployment for the benefit of those who use Capital to work instead of a work ethic from the Age of Iron. that is unethical and unproductive in our political economy.

So you hate the machining industry and the banking industry....

it is not about Hate; but about morals and a work ethic from the Age of Iron; either you are moral and "earn it from the sweat of your brow," or you don't and are not, that moral.

The Wife started as a teller and ended up a CAO over an entire banking chain.I started as a delivery driver,deburr,floor sweep and worked my way up to inspection and finally to a master machinist who made parts for the NASA shuttle program and the F-22 prototype team.
....and you?

Oh..and neither of us are college grads.

 

[frigidweirdo]

Seems like they are paying their fair share to me

-Geaux
--------------------

(Bloomberg) -- Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the Internal Revenue Services.

Bloomberg looked into the 2016 individual returns data in detail for some additional insights illustrated in the charts below:

• The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
• The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.

• In other words, the bottom 50 percent paid 3 percent. Which small percentile of tax payers also paid 3 percent or more? You might have guessed it. It is the top 0.001%, or about 1,400 taxpayers. That group alone paid 3.25 percent of all income taxes. In 2001, the bottom 50 percent paid nearly 5 percent whereas the top 0.001 percent of filers paid 2.3 percent of income taxes.

• The individual income tax system is designed to be progressive – those with higher incomes pay at higher rates. While the indentation, or the reduction in the steepness of the "progressivity" curve, is visible at the highest levels.

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

Bullshit. You've taken on statistic and placed it out of context.

For a start, the governments of the US are promoting bigger business, which means smaller businesses are struggling because they have to pay MORE tax because the rich companies aren't.

But the rich companies are taking the money the smaller companies could have earned and paid full tax on.

 

[danielpalos]

in other words, simply performing Labor in a manner indistinguishable from that of the Age of Iron; is no guarantee of capital remuneration. the Labor still occurred. what did you earn?

I and the Wife earned the going rate for our labor.
You have a problem with that?

nothing at all. capitalism has a natural rate of unemployment for the benefit of those who use Capital to work instead of a work ethic from the Age of Iron. that is unethical and unproductive in our political economy.

So you hate the machining industry and the banking industry....

it is not about Hate; but about morals and a work ethic from the Age of Iron; either you are moral and "earn it from the sweat of your brow," or you don't and are not, that moral.

The Wife started as a teller and ended up a CAO over an entire banking chain.I started as a delivery driver,deburr,floor sweep and worked my way up to inspection and finally to a master machinist who made parts for the NASA shuttle program and the F-22 prototype team.
....and you?

i resort to the fewest fallacies in my arguments; even the One Percent, fail.

 

[Winston]

raise the minimum wage until the poor pay enough in taxes.

No, let the poor get a higher paying job, then they will pay higher taxes.

-Geaux

WTF?...who is not letting people get a better paying job?

But intill they do get one, minimum wage ensures they are minimaly compensated for their labor.

29 million filthy, low iQ, illiterate wetbacks that can’t speak the native language and have zero communication skills fuck shit all up don’t they?

No you stupid racist shit. Those "wetbacks that can't speak the native language" pay billions, yes BILLIONS with a B, in Social Security taxes and they will never collect a dime. Better yet, you never ever hear them bitch about it. In my book, that makes them more of a "real American" than you can ever hope to be.

All good, real Americans hate illegal wetbacks, they hate all criminals...sorry bud
https://www.ssa.gov/oact/NOTES/pdf_notes/note151.pdf
Let's analyze the numbers....so 3.1 million illegals of the bullshit estimation of 11 million paid an average of $349 per month toward social security and Medicare according to those figures....right?
So let's look at what they steal from American taxpayers shall we?
In 2010, the average unlawful immigrant household received around $24,721 in government benefits and services while paying some $10,334 in taxes. This generated an average annual fiscal deficit (benefits received minus taxes paid) of around $14,387 per household. This cost had to be borne by U.S. taxpayers... Under current law, all unlawful immigrant households together have an aggregate annual deficit of around $54.5 billion.
What else can I teach your wetback loving ass?

raise the minimum wage until the poor pay enough in taxes.

No, let the poor get a higher paying job, then they will pay higher taxes.

-Geaux

WTF?...who is not letting people get a better paying job?

But intill they do get one, minimum wage ensures they are minimaly compensated for their labor.

29 million filthy, low iQ, illiterate wetbacks that can’t speak the native language and have zero communication skills fuck shit all up don’t they?

No you stupid racist shit. Those "wetbacks that can't speak the native language" pay billions, yes BILLIONS with a B, in Social Security taxes and they will never collect a dime. Better yet, you never ever hear them bitch about it. In my book, that makes them more of a "real American" than you can ever hope to be.

All good, real Americans hate illegal wetbacks, they hate all criminals...sorry bud
https://www.ssa.gov/oact/NOTES/pdf_notes/note151.pdf
Let's analyze the numbers....so 3.1 million illegals of the bullshit estimation of 11 million paid an average of $349 per month toward social security and Medicare according to those figures....right?
So let's look at what they steal from American taxpayers shall we?
In 2010, the average unlawful immigrant household received around $24,721 in government benefits and services while paying some $10,334 in taxes. This generated an average annual fiscal deficit (benefits received minus taxes paid) of around $14,387 per household. This cost had to be borne by U.S. taxpayers... Under current law, all unlawful immigrant households together have an aggregate annual deficit of around $54.5 billion.
What else can I teach your wetback loving ass?

Why didn't you source the part about how much unlawful immigrant households and their benefits cost? Was it because it was some FAIR bullshit stats? And how come you use "households" instead of immigrants? Is it because those households include LEGAL CITIZENS born in the United States and most of the cost that you are lamenting about is the cost of educating those legal citizens, and more importantly, future American workers?

I doubt your ignorant racist ass is going to teach me shit. You failed to source your costs, probably because you know it is bogus. You are using households instead of individuals because you know illegal immigrants can't get benefits for themselves. And to be brutally honest, I would take take a dreamer over ten privileged spoiled little white kids born to redneck ass parents like yourself any day. Those spoiled ass entitled feeling white kids would rather live in your damn basement and play video games than actually work a job. And if they do manage to get a job, they call out sick damn near every other week and when they do bother to show up they ride the damn clock and do as little as possible.

 

[Winston]

WTF?...who is not letting people get a better paying job?

But intill they do get one, minimum wage ensures they are minimaly compensated for their labor.

29 million filthy, low iQ, illiterate wetbacks that can’t speak the native language and have zero communication skills fuck shit all up don’t they?

No you stupid racist shit. Those "wetbacks that can't speak the native language" pay billions, yes BILLIONS with a B, in Social Security taxes and they will never collect a dime. Better yet, you never ever hear them bitch about it. In my book, that makes them more of a "real American" than you can ever hope to be.

Majority use stolen fake SS numbers

-Geaux

Persactly. So they pay the Social Security tax, know they will get nothing out of it, and never bitch a bit. We need more people like that, not less.

No we don't need more law breakers... That's why they are illegals

-Geaux

What part of "all men" and "pursuit of happiness" do you not understand?