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Political dueling ground
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<blockquote data-quote="Unintentional" data-source="post: 3744" data-attributes="member: 22"><p><strong>Political dueling ground</strong></p><p></p><p></p><p>Unconstitutional and illegal? YES!</p><p></p><p>Tilted to benefit the ultra rich? NO!</p><p></p><p>As of year 2000 figures from IRS:</p><p>The top 1% pay 37.42% of all income taxes</p><p>The top 5% pay 56.47% of all income taxes</p><p>The top 10% pay 67.33% of all income taxes</p><p>The top 25% pay 84.01% of all income taxes</p><p>The top 50% pay 96.09% of all income taxes</p><p></p><p>Source: Internal Revenue Service, Statistics of Income Division, Unpublished Statistics, September 2002. </p><p></p><p>Adjusted gross income in dollars:</p><p>313,469 or above 1%</p><p>128,336 or above 5%</p><p>92,144 or above 10%</p><p>55,225 or above 25%</p><p>27,682 or above 50%</p><p></p><p>This information was gathered during the debate when the dems kept screaming the top 50% is getting more than 50% of the tax cuts (meaning they got more than 50% of the 1.3 trillion tax cuts)!! Wah, wah, wah! IMO if the top 50% got anything less than 96.09% of the tax cut they got screwed!! I do remember the mantra, "the top 1% is getting 15% of the 1.3 trillion dollar tax cut". Since they paid 37% of that 1.3 trillion dollars, they got screwed!</p><p></p><p>When you factor in "earned" income the tax system is really a transfer of wealth from the "rich" (when dems say "rich" they people who earn more than $27,682) to those who dont pay any income taxes.</p><p></p><p>Since the tax cuts were unbalanced (i.e. the non tax payers got more percentage wise than tax payers), the above figures are even more tilted to the top. Look at the top chart. The numbers 37.42......56.47......67.33......84.01......96.09 today would all be HIGHER!</p><p></p><p><img src="http://home.comcast.net/~john_smuda/bluerosesmall.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p><a href="http://timetravelforum.net" target="_blank">Time Travel Forum</a></p></blockquote><p></p>
[QUOTE="Unintentional, post: 3744, member: 22"] [b]Political dueling ground[/b] Unconstitutional and illegal? YES! Tilted to benefit the ultra rich? NO! As of year 2000 figures from IRS: The top 1% pay 37.42% of all income taxes The top 5% pay 56.47% of all income taxes The top 10% pay 67.33% of all income taxes The top 25% pay 84.01% of all income taxes The top 50% pay 96.09% of all income taxes Source: Internal Revenue Service, Statistics of Income Division, Unpublished Statistics, September 2002. Adjusted gross income in dollars: 313,469 or above 1% 128,336 or above 5% 92,144 or above 10% 55,225 or above 25% 27,682 or above 50% This information was gathered during the debate when the dems kept screaming the top 50% is getting more than 50% of the tax cuts (meaning they got more than 50% of the 1.3 trillion tax cuts)!! Wah, wah, wah! IMO if the top 50% got anything less than 96.09% of the tax cut they got screwed!! I do remember the mantra, "the top 1% is getting 15% of the 1.3 trillion dollar tax cut". Since they paid 37% of that 1.3 trillion dollars, they got screwed! When you factor in "earned" income the tax system is really a transfer of wealth from the "rich" (when dems say "rich" they people who earn more than $27,682) to those who dont pay any income taxes. Since the tax cuts were unbalanced (i.e. the non tax payers got more percentage wise than tax payers), the above figures are even more tilted to the top. Look at the top chart. The numbers 37.42......56.47......67.33......84.01......96.09 today would all be HIGHER! [img]http://home.comcast.net/~john_smuda/bluerosesmall.jpg[/img] [url=http://timetravelforum.net]Time Travel Forum[/url] [/QUOTE]
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