Top 10% Income Pay 70% of Taxes: SOAK THE RICH!

[amicus]

When you hear and read that the rich should pay more taxes, "...their fair share...", just what does that mean as the wealthy already pay far more than they should as a 'fair' percentage of the population.

What is it you really want, total confiscation of wealth from the Producers? Shades of Ayn Rand and Atlas Shrugged.

http://www.heritage.org/budgetchartbook/top10-percent-income-earners

The Top 10 Percent of Earners Paid 70 Percent of Federal Income Taxes
Top earners are the target for new tax increases, but the U.S. tax system is already highly progressive. The top 1 percent of income earners paid 38 percent of all federal income taxes in 2008, while the bottom 50 percent paid only 3 percent. Forty-nine percent of U.S. households paid no federal income tax at all.

http://ntu.org/tax-basics/who-pays-income-taxes.html

http://www.american.com/archive/200...zine-contents/guess-who-really-pays-the-taxes

The top 5 percent pay well over half the income taxes. STEPHEN MOORE has the numbers. …The latest data show that a big portion of the federal income tax burden is shoul¬dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 per¬cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare.

http://www.taxfoundation.org/news/show/22917.html

US CORPORATE TAX RATES: 2nd HIGHEST IN WORLD

http://www.news-to-use.com/2011/04/us-corporate-tax-rates-2nd-highest-in-world.html
http://nowandfutures.com/taxes.html

Total tax percentage paid by the above average US citizen, 2005 - 54.4%
Total tax percentage paid by the above average US citizen, 2009 est. - 57.7%

It might be Romantic for Robin Hood and his band of Merry Men, to rob from the rich...but in Medieval Europe, only the Aristocrats and the Clergy stole money legally from the people.

Nowadays, the Government and the Church continue to steal from the poor, but they also steal from the Producers...please tell me what is 'fair' about that?

Just askin'

Amicus

 

[Ramlick]

rich are getting off easy

If the top 10% are have 90% of the weath (higher actually) and they are paying only 70% of the taxes, then it sounds like 90% of us are getting fucked up the ass!

 

[mercury14]

When you hear and read that the rich should pay more taxes, "...their fair share...", just what does that mean as the wealthy already pay far more than they should as a 'fair' percentage of the population.

The more wealthy someone is, the greater percentage of their wealth comes from investment income. That's taxed at a much lower rate than regular income. Additionally there are a myriad of loopholes and deductions that the wealthy have access to that most of Americans do not.

Therefore the rich end up paying a lower tax rate on their income than a middle class person. They're definitely not paying their fair share.

What is it you really want, total confiscation of wealth from the Producers? Shades of Ayn Rand and Atlas Shrugged.

Well, no, that's just you making a straw man argument.

Would you rather tip the balance of the tax burden to the consumers? What will that do for consumer demand?

 

[coastal-boy]

If the top 10% are have 90% of the weath (higher actually) and they are paying only 70% of the taxes, then it sounds like 90% of us are getting fucked up the ass!

You need to forgive the OP...he's a certified, card-carrying idiot. He doesn't understand that even if everyone paid a flat tax, the rich would pay the majority of the taxes. It is simple 5th grade math.

 

[unregistered]

 

[Ramlick]

You need to forgive the OP...he's a certified, card-carrying idiot. He doesn't understand that even if everyone paid a flat tax, the rich would pay the majority of the taxes. It is simple 5th grade math.

Hey dumb ass, we're talking percentages of income, which is the only figure that matters. The rest is propoganda to fool people who can't do arithmetic. Like you!

 

[mercury14]

Yes but what you seem to be stupid about, is that other half, who pay no taxes, will then pay some taxes thus enhancing revenue and reaffirming American commitment to the principle of equal protection before the law. So if it's status quo, why are liberals against it?

Well, it's a conservative lie that there are people paying no taxes in this country.

Do they wipe their ass? Well they paid sales tax on TP and a tax on water.
Do they drive a car? Gas tax.
Smoke cigarettes or have a beer once in a while? Sin tax and sales tax.
Do they have a job? Payroll tax. Medicare and Medicaid taxes.


Secondly, people who pay no income taxes do not pay because they make very little money. There's not much to gain from taxing them.

Lastly, being retired and unemployed, you are one of the households being counted in the statistic of people who don't pay income taxes. Fucking mooch! You need to pay up!!!

 

[coastal-boy]

Yes but what you seem to be stupid about, is that other half, who pay no taxes, will then pay some taxes thus enhancing revenue and reaffirming American commitment to the principle of equal protection before the law. So if it's status quo, why are liberals against it?

and what you are so stupid to realize is that even if you take this "new tax" on poorer people, you are only collecting money on less that 0.2% of the total US wealth (the bottom 40% of the US populous accounts for 0.2%). Boy....you are gonna make $$ there aren't you old man?

 

[coastal-boy]

Hey dumb ass, we're talking percentages of income, which is the only figure that matters. The rest is propoganda to fool people who can't do arithmetic. Like you!

sigh...another idiot...OK...let's talk percentages of wealth...what changes? The rich still will pay the largest proportion...it is where the fucking wealth is

 

[unregistered]

 

[mercury14]

and what you are so stupid to realize is that even if you take this "new tax" on poorer people, you are only collecting money on less that 0.2% of the total US wealth (the bottom 40% of the US populous accounts for 0.2%). Boy....you are gonna make $$ there aren't you old man?

- 67% of total US income is captured by the richest 1% of Americans.

- 87% of total US income is captured by the richest 10% of Americans

- The bottom 90% of Americans compete for just 13% of the wealth.


http://www.cbpp.org/images/cms/9-9-09poverty-f1.jpg

 

[Ramlick]

another thing

I have a modicum of respect (just a modicum) for greedy rich people who use propaganda to convince the rest of us they're paying too much taxes. They're lying, but at least they're not dumb. But when I hear idiots who are middle class shleps buy into the propaganda, and actually help spread the bullshit...now these people deserve no respect. They vote against their own economic interests, in essence, they hurt themselves. Pure stupidity.

 

[unregistered]

 

[Ramlick]

sigh...another idiot...OK...let's talk percentages of wealth...what changes? The rich still will pay the largest proportion...it is where the fucking wealth is

Coastal boy, I bet you have no money, and that you are just a clown.

 

[mercury14]

Every American should pay tax on whatever his income is, or accept second class citizenship.

Prove that 0.2%.

They already do. Payroll tax. Medicare and medicaid tax. Those things come straight out of income.

 

[coastal-boy]

- 67% of total US income is captured by the richest 1% of Americans.

- 87% of total US income is captured by the richest 10% of Americans

- The bottom 90% of Americans compete for just 13% of the wealth.

That's income since 1920's. I did a simple Google for "Distribution of US wealth 2010" and got 2 sites that said the same thing...both coming from GOP sources. Vette...do the google yourself.

 

[4est_4est_Gump]

Is investment bad for the economy?

Do we wish to tax it in order to reduce it? as we do with smoking, that is...

Do we want more poor people? Is that why we reduce taxes on them?

If we just give all of Warren Buffets' money to a poor person, will he be a better person or will he continue in a self-destructive, non-productive pattern and create nothing in return (other than happy strippers, liquor store proprietors and drug dealers)? We know that that is the pattern with lottery winners.

 

[coastal-boy]

Coastal boy, I bet you have no money, and that you are just a clown.

Why not ask those Litsters that have been to my house that question instead of me? You wouldn't believe me anyway.

 

[4est_4est_Gump]

I have a modicum of respect (just a modicum) for greedy rich people who use propaganda to convince the rest of us they're paying too much taxes. They're lying, but at least they're not dumb. But when I hear idiots who are middle class shleps buy into the propaganda, and actually help spread the bullshit...now these people deserve no respect. They vote against their own economic interests, in essence, they hurt themselves. Pure stupidity.

Please explain to a slow man how you tax the rich and avoid them passing on the cost of business to the middle class.

I am curious on this account.

 

[mercury14]

Is investment bad for the economy?

Do we wish to tax it in order to reduce it? as we do with smoking, that is...

Investment is good for the economy. But spending and consumer demand are far better.

Investment is not taxed, capital gains are. And taxing capital gains doesn't lead anyone to shy away from smart investment choices.

 

[mercury14]

Please explain to a slow man how you tax the rich and avoid them passing on the cost of business to the middle class.

I am curious on this account.

Easy.

1) Most rich people don't own businesses.

2) Most people who own businesses are not rich.

 

[amicus]

Ah, I see we have a juicy new fruitcake lefty as low hanging fruit....wunnerful, yum!

The acquisition of wealth, in a free society, takes a very long time to accumulate, usually an entire life-time, those productive years spent working sixteen-eighteen hour days, going without, juggling things to make ends meet before a return on your investment begins.

And that is what you thieves and moochers want to take. Do you ever stop to think that if a productive person is told you are going to take the product of his labor, his wealth, away from him, that maybe he will say hell no, and find another way to pursue his happiness.

The 'American Way' is loosely defined as starting from nothing and becoming a millionaire. The up and coming of a new generation listens to you thieves who proudly scream, 'WE'RE GONNA TAKE ALL YOUR MONEY WHEN YOU GET RICH', and promptly find a way to grow their funds overseas, away from your greedy hands.

mercury14 & his collectivist cohorts; you are sick, sick people, without a shred of human dignity. You beg, with your hands out, without shame, as if you deserved the nickles and dimes given you.

Losers.

Amicus Veritas

 

[Ramlick]

Please explain to a slow man how you tax the rich and avoid them passing on the cost of business to the middle class.

I am curious on this account.

Simple. By taxing them even more, and then cutting the taxes for the middle class. Then things even out. The middle class creates the jobs, because they spend the money they have, and they are the largest group by far. They create the wealth. The middle class created every business you can think of through their spending. And their lifestyle has taken the hit in recent years, not the rich.

 

[4est_4est_Gump]

Investment is good for the economy. But spending and consumer demand are far better.

Investment is not taxed, capital gains are. And taxing capital gains doesn't lead anyone to shy away from smart investment choices.

Easy.

1) Most rich people don't own businesses.

2) Most people who own businesses are not rich.

Spending and demand? What will they demand if investment is halted via taxation?

Is there a credit for betting wrong, or does the better lose both ways? Are you sure about that? At a certain point is it just better to stop making money, stop investing and just go live the good life, in effect (as Liar would say) "hoarding the wealth?"



Well, when we talk taxes, corporations are (fictitious) people too and yet we excuse them from paying taxes in order to create jobs by leaving them with their wealth.

Most people who own businesses aspire to be rich, and yet, you would remove the motivation and reward? Would that not turn big business into lethargic governmental oligarchies?

 

[mercury14]

The acquisition of wealth, in a free society, takes a very long time to accumulate, usually an entire life-time, those productive years spent working sixteen-eighteen hour days, going without, juggling things to make ends meet before a return on your investment begins.

The acquisition of wealth in America doesn't come from working as much as it does from return on investments and inheriting. Money makes money faster than work makes money. Even someone with a million-dollar salary (almost 0% of us) is certainly making more money off investments than their salary.

And that is what you thieves and moochers want to take.

Wiping your ass with the Constitution again. A true conservative ladies and gentlemen!

Do you ever stop to think that if a productive person is told you are going to take the product of his labor, his wealth, away from him, that maybe he will say hell no, and find another way to pursue his happiness.

Really? When did this happen? Because we've had far higher tax rates on the rich in the past. Surely you can name one rich person who said "fuck it, it sucks being rich, I'm going to go be a hermit".

Name one person. I'll wait.

The 'American Way' is loosely defined as starting from nothing and becoming a millionaire. The up and coming of a new generation listens to you thieves who proudly scream, 'WE'RE GONNA TAKE ALL YOUR MONEY WHEN YOU GET RICH', and promptly find a way to grow their funds overseas, away from your greedy hands.

That's not the 'American Way'.