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Originally posted by Kali74
Forgive me if this has been covered (I'm on page 9 and haven't seen my question) or is just a stupid question but, I don't see this chart anywhere on IRS.gov. The link on the American Heritage Foundation's site goes to a blank page on it's own site. So my question is, are there any other sources to support the claim of 10% paying 71% of the federal income tax?
ETA and even still the chart only covers up until 2006?edit on 22-2-2012 by Kali74 because: (no reason given)
Using data released by the IRS, Kiplinger has built a tool to show your income status compared to your fellow Americans. The income breakdowns are based on adjusted gross income (AGI) reported on 2009 tax returns -- the latest statistics available.
Originally posted by earthdude
reply to post by SavedOne
The top 10% are not rich? They struggle? I think you are pulling my leg.
Originally posted by milominderbinder
reply to post by Eurisko2012
Yep. Data from the lobbying firm and conservative policy research entity known as "The Tax Foundation" is in close agreement with the data from illustrated from the lobbying firm and conservative policy research entity known as "The Heritage Group".
Must be true.
In other news...10 out 10 Kennedy's think we need more Kennedy's in politics.
Originally posted by Jessica6
reply to post by Skyfloating
What proportion of the income do they earn? To what proportion does this top ten percent benefit from Federal tax expenditures?
Most of what Federal money is spent on benefits the Top 10% much more than the rest of the population... Look at defense spending, infrastructure spending, the courts and police system that protects private property (including intellectual property), government contracts, the cost of "saving" the financial system.
I get tired of these stupid claims that don't look beyond a couple of headline numbers... Think a little, please, before swallowing these simplistic ideological suppostions.
Originally posted by Laokin
Okay, you're right -- technically it CAN be fixed -- but in order to fix it, everyone must be on the same page.
The probability that the super wealthy consumed by greed that stole their way to the top are going to help fix it is astronomical.
Originally posted by Skyfloating
I found a chart sourced from the IRS that shows how the top 10% of income earners paid 71% of federal income tax. This is pretty interesting because it would mean that all those calls that the rich should pay more taxes or that they dont pay enough taxes are wrong. The 10%ers seem to be paying plenty of taxes.
Thoughts?
Originally posted by poet1b
That anyone buys into this propaganda is pathetic.
Yeah, all those lazy school kids who have savings accounts aren't paying their fair share of taxes.
The top 1% should be paying all of the income tax. Income tax was only created for the wealthy, and not for the rest, because it is only the wealthy that get back anything from the fed gov.
Unless you own a factory in China, or any income you get from stocks you own from corporations manufacturing in China (profiting on slave labor and child labor like any of you got a moral leg to stand on) you shouldn't be paying income taxes.
The PTB have done a great job of dumbing down the masses.
Originally posted by Eurisko2012
Originally posted by Jessica6
reply to post by Skyfloating
What proportion of the income do they earn? To what proportion does this top ten percent benefit from Federal tax expenditures?
Most of what Federal money is spent on benefits the Top 10% much more than the rest of the population... Look at defense spending, infrastructure spending, the courts and police system that protects private property (including intellectual property), government contracts, the cost of "saving" the financial system.
I get tired of these stupid claims that don't look beyond a couple of headline numbers... Think a little, please, before swallowing these simplistic ideological suppostions.
Most of the spending is on Social Security - Medicare - Medicaid - DOD.
Try a Google search before pontificating on ATS.
Never mind that people who are rich generally got that way because they ran a business that provided products to the masses that improved the quality of their lives
Originally posted by Eurisko2012
reply to post by Indigo5
It looks like we should - reduce - the size of the US government.