It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by v1rtu0s0
Does that take into account all the tax loopholes the top 1-10% can use?
Originally posted by MMPI2
nah. you guys are waaaaaaaaaaaaaaaay off base.
you need to take a look at federal tax rates across different income levels.
Lowest quintile 4.2 %
Second quintile 10.2 %
Middle quintile 14.2 %
Fourth quintile 17.6 %
Highest quintile 25.8 %
Top 10 percent 27.5 %
Top 5 percent 29 %
Top 1 percent 31.2 %
edit on 11-12-2010 by v1rtu0s0 because: (no reason given)
Originally posted by marg6043
That is what Regan use to think when trying to work with the economy, give to the rich so he can trickle down to the poor
Originally posted by TheRedneck
Wealthy people don't do the 9 to 5 thing. They basically 'work' a few hours per week, as opposed to the poor who, if they are holding down a full time and a part-time job (as many I know try to do), may work 70 hours a week or more. So in terms of labor, the wealthy do not get soaked... they get hit for the same amount of their labor as the poor.
His [Daniel Kahneman] study found that people who earn less than $20,000 a year, for instance, spent more than a third of their time in passive leisure, like kicking back and watching TV. By contrast, those earning more than $100,000 a year (more affluent than wealthy), spent less than a fifth of their time in passive leisure.
Lastly, I believe that once unemployment benefits are actually curtailed -- meaning you would receive them for X amount of weeks, with no additional extensions, you will see unemployment go down. When faced with no income, people will take jobs that pay less, are a step-down, etc.
Originally posted by aching_knuckles
Anyone who is arguing for people that make over 250K/year (less than 5% of the population) to not get taxed is either:
a) making over 250K/year
b) brainwashed
5% of the population owns over 60% of the wealth in America.....and they want more.
Originally posted by ownbestenemy
Where did you get your numbers? Also, do you mean the top 5% percentile in accordance to the IRS or the top 5% of the population?
Originally posted by BigTimeCheater
reply to post by aching_knuckles
Giving the government more money has never proven beneficial to anyone.
Income redistribution is 100% unconstitutional and should never be tolerated under any circumstances.
Originally posted by ownbestenemy
Neither do I make over 200K/year (the 250K mark is for married couples) nor am I brainwashed. I have perfect control and understanding of my own views and have come to the conclusions I stand for upon my own free will.
So no, those pretty much are not the two options.
Rex's father, Gerald Sr., a Great Kills resident and NYPD lieutenant, died of cancer in 2009 after working on the pile following the 2001 terrorist attack.
...
Senate Republicans stalled the bill, saying they wouldn't move on it until a separate tax-cut package negotiated by President Barack Obama and congressional Republicans is passed.