The Truth about Taxes and the Rich

From the non partisan tax center (in the Advocate this morning, not trying to take credit)
Rick Perry’s warped tax ‘injustice’ - The Washington Post

The nonpartisan Tax Policy Center estimates that 46.4 percent of households will pay no federal income tax in 2011, working people who don't make enough.

a couple with two children earning less than $26,400 will pay no federal income tax this year because their $11,600 standard deduction and four exemptions of $3,700 each reduce their taxable income to zero.

In addition, the notion that these households pay no taxes is flat-out wrong. They pay — leaving aside state and local sales, income and property taxes — federal gasoline and other excise taxes and, most significantly, payroll taxes on every dollar they earn. These taxes are regressive. Everyone pays the same share, regardless of income, so they hit the poor hardest, and they counterbalance the progressivity of the income tax code

The share of total income going to the top 1 percent of income earners more than doubled from 9 percent in 1970 to 23.5 percent in 2007.

top 1 percent of households (average income, $1.3 million) earned 20.3 percent of income and paid 21.5 percent of taxes in 2010.

Plenty of other nuggets, so fire away, oh ass kissers of the rich

 

:rofl:

 

relative wealth is not important. i dunno why you guys can never see that.

it doesnt matter that the rookie salary is only 400K while a-rod signed a quarter billion dollar contract. yunno why? because 400k is plenty. make some arguments when you can understand that point.

 

If 400k is plenty then why are complaining about taxes that the uber rich will never even know is missing?

 

you need to speak more clearly and try to clearly make a point.

again, i encourage you to think about what i said about relative wealth and whether the poor in america are worse off when the rich have money. think about if the money the rich has is money that the poor would have otherwise, and why that is important. try man, try.

 

my point is, the wealthy are paying so much taxes because they are making so much money, not because they are getting screwed.

 

thats nice.

for your argument to make sense, you have to demonstrate that the poor are poor because of the rich.

for example, the reason the rookie can make 400k is because fellas like a-rod are packing stadiums. so the rookie isnt making a tiny percentage of a-rods salary in spite of a-rod, but because of arod! see? the income gap is huge, but thats not the issue. its not that the rich are hurting the por by being rich.....understand, little fella?

 

the shrinking middle class is evidence of that, when a bigger percentage of income is going up top, then a lower percentage goes to the middle and bottom, understand big fella?

 

your analogy is flawed. I'm not talking entertainers. I'm talking workers in the economy.

As a percentage, more money is going to the top, less to the middle and lower incomes, so the middle class has less in buying power, and the rich are making more money and paying less taxes than they ever have, and you keep your tongue up their azz the whole time.

 

Taking money from the rich and giving it to the Govt. doesn't help the poor.