My tin hat is not picking up a strong signal todayquote:
Originally posted by ekrampitzjr:
Let the flame wars begin!
Keith.
My tin hat is not picking up a strong signal todayquote:
Originally posted by ekrampitzjr:
Let the flame wars begin!
Thanks Groucho, at least someone thinks my notions are good.quote:
Originally posted by GROUCHO MARX:
Drew, I really appreciate your post. What will work? It's a really hard question to answer and if you knew, I'd vote for you!
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Keith I don't think you need to feel sorry for the rich, BTW these are just imcome taxes as well, not including consumption and property taxes. Since the poor spend every dime they make, guess who pays a higher % of their income towards consumtion taxes??? Also, I think assuming a higher percentage of the tax burden is acceptable when your income is 10x the national average.quote:
Do you have the data to back that up? How about a table of income versus taxes paid for example? The IRS web site has all the data but it's a lot of work to mine it. Here is year 2000:
Top 5% pay 53.25% of all income taxes.
The top 10% pay 64.89%.
The top 25% pay 82.9%.
The top 50% pay 96.03%
The bottom 50% pay 3.97% of all income taxes.
The top 1% earns 17.53% of all income.
The top 5% earns 31.99%.
The top 10% earns 43.11%.
The top 25% earns 65.23%.
The top 50% earns 86.19%.
The bottom 50% earn 13.81% of all income.
The "rich", however you define it, are paying a lot more tax than the lower income levels, both in absolute terms and in proportion of income.
You can see that just by looking at the 10% level - paying 64.89% of all income taxes, earning 43.11% of total income. That's some great deal for the rich
[No. I don't consider myself among the rich. Neither do I view them as scapegoats to pillage for my benefit].
Keith.
Let's not forget that the poor get the Earned Income Credit..quote:
Originally posted by mnztr:
Since the poor spend every dime they make, guess who pays a higher % of their income towards consumtion taxes???
quote:
I wish both the SOBs could lose.
Can you please explain? The employer witholds FICA from your paycheck, and then is obligated to match that. The employers matching contribution is not the employees money. The employers contribution of FICA taxes are part of the expense side of their income statement.quote:
Originally posted by k1xv:
In any event, I don't know if your data includes FICA taxes, including the employers share, which is in fact the employee's money, as it is part of the total compensation paid by the employer.
I'm amazed at the envious attitude. You seem to take the attitude that people who have succeeded should be punished for their actions. Who gave you the right to decide how someone else's money should be used? BTW-how many poor guys do you know who are writing lots of paychecks? Who employs you?quote:
I think assuming a higher percentage of the tax burden is acceptable when your income is 10x the national average. Boo Hoo only one gazebo for the pool boo hoo
Care to answer the same question? Sorry, but you've got to sustain a society that maintains your advantage. All your bounty is somehow derived via the foundations of the baseline economics of the society. If you continue to penalize the lower rungs of the ladder ..eventually the "consumption" creeeps up to create an ever increasing underclass.quote:
Who gave you the right to decide how someone else's money should be used?
I ask the same question of people who don't seem to worry about defecits.quote:
Originally posted by carrera79:
Who gave you the right to decide how someone else's money should be used?