The Top 10% of income earners paid 71% of federal income tax

reply to post by poet1b


First of all, TV movie BASED on real life...LOL. Just like the Social Network and Fear and Loathing and other 'biographical' movies don't mostly embelish and admitedlly lie (fictionalize) about the story?

How is facebook being "SIMILAR" to myspace proving you right? Myspace is a rip-off of other ideas, and those ideas are taken from other ideas. Welcome to technology. You know how many patents are bought by companies, and people think that those companies that own the patent actually came up with the idea?
Everything in technology is a borrowing and innovation on somebody else's idea. And stealing the exact idea or exact code is illegal, so they either buy the rights, or improve upon the idea.
IE google didn't invent search engines, but they wrote a better and unique coding to improve upon the search engine.

reply to post by Blaine91555


Its a silly lie to pretend that the super rich, the top .001% of income earners, pay their fair share.

The intelligent hard working people who make this country great are not among the super rich, and they pay more than their fair share of taxes.

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.

Really? The bottom 80% don't drive cars or use air travel? Crime is higher in the nicer neighborhoods where the 10ers live? So 14 million of the 140 million returns are soaking up all the government programs? The top 10% is who uses Medicare? (which happens to be the biggest Government expenditure). The top 10%er mostly don't get child tax credit, IRAs, food stamps, Unemployment pay, welfare...etc either. They are limited to what type of college scholarships they are eligible for too.

As I said before, I'm not bitching, but please......

reply to post by upgrayeddc310t


Keep doing research, and you will figure it out.

And stealing the exact idea or exact code is illegal

Only if you get caught, and if you have the wealth to afford the lawyers, those odds are incredibly slim.

Look up what Westinghouse and JP Morgan did to Edison.

The super rich are nothing but giant parasites.

Currently most of their wealth depends on slave labor in China. There is nothing good about that.

reply to post by Skyfloating


LOL, nice fairy tale.

reply to post by AnarchoCapitalist


Worked well for Pol Pot....

reply to post by poet1b


Comparing bank corruption to tech companies that started in residences?
I fail to see what you are getting at. Why don't you go do more research on Steve Jobs and Steve Wozniak besides 'Pirates of Silicon Valley' and Jobs' biased biography?
I admitted that Gates, while starting Microsoft with his partners on their own, did borrow and innovate on ideas already present in the market, at least when they were developing the Windows platform.
And I said that other, mind you NOT RICH, people started tech companies like google and facebook by taking ideas and making them better, NOT stealing present ideas.
And it's hilarious that you think it is hard to get caught if you steal an already established company's code.

reply to post by Xtrozero


Um, you pay more than your fair share of the costs of roads everytime you buy gasoline. Thereby subsidizing the shipping industries bringing goods made by slave laborers from China.

Medicare is not part of income tax. You are all mixed up.

Medicaid, however is paid for by income tax, and it is primarily a subsidy for illegal immigration, which primarily benefits the super rich.

It is a shame people are so willing to wallow in ignorance.

Originally posted by milominderbinder


Seriously, dude? Cuba?

Cuba is poor because the U.S. placed sanctions and a trade embargo upon them 50 yrs ago on 2-7-1962...and STILL HAVEN'T REMOVED THEM!!!!

So they have had the rest of the world without sanctions......

reply to post by upgrayeddc310t


Actually they used their wealth and position to lock others out of the market, while stealing the ideas.

One of these day you might figure out the hard realities.

I knew about all of this long before they made the movie.

Originally posted by poet1b
reply to post by itsthetooth

 

If a six year old child has a savings account, they are counted as income earners.

That is how the con works.

That child doesn't fillout a 1040 do they? Out of 140 million returns 79 million paid no taxes....that means also a good number more paid very little taxes and so on....

reply to post by poet1b


I mostly disagree with your statement.
And if you feel this way, maybe you should refrain from using any word processing software, search engines, operating systems (yes, even free Linux releases!), and any computer hardware you are using right now, as the hardware is all made in Asia by poorly paid workers.
And that internet you are using? ATT, Comcast, etc are pretty terrible companies as far as ethics go.
You seem to have no problem with spreading your views via all of these mediums.

So in conclusion do the top 1%
really pay their fair share in taxes?

I think not, I think on paper it may look like it.
but once their crack accountants get a hold
of their returns I think all bets are off.

I will say billionaires seem to have huge
support, especially in the US, from non-billionaires
to keep their taxes at a bare minimum .
Know how they do that?
They get their shills to tell you socialism
is just around the corner if they have to pay 5% more.

And if this world is going to pay workers in China,
for example, what they are truly worth so they can live
and have a day off. Billionaires are going to have to take a cut.
Or eventually we are going to eat them.

Originally posted by poet1b
reply to post by Xtrozero

 

The top 10-1% of income earners pay too much in income taxes, while the top 1% pay too little, being that most of what the fed gov does supports the super rich.

The worlds largest military can't defend our own borders and cities, but they protect the overseas investments of the super rich extremely well.

I can't disagree with a good amount of what you say here, but as I said in a eariler post the gross income of all who made over 1 million last year was about 750 billion. Even if all of them paid a 35% flat tax what does about 250 billion even mean to Obama's 5 trillion.....

I have always said we need a change in how we tax, so that the super rich are not able to loop hole their way to lower taxes, but then seeing 79 million returns making money in tax credits while paying no taxes is wrong too. It's their country too and they also use it...

If we don't change the tax laws but just create class warfare we are playing into the hands of the far left who want to demonize the top 10%ers to garner votes from the rest and cover up their unbelievable spending by saying the rich don't pay enough.

I don't like Obama and I didn't like Bush, but if we called both of them a thief then Bush would represent a shoplifter and Obama a bank robber in the levels they have stoled.

Originally posted by poet1b
reply to post by Eurisko2012

 

Wrong again.

How rich is the person who invented windows style interface.

Back in the day I believe I read that when Microsoft went public there was over 4000 millionaire employees. Since then they have made many more poeple into millionares too.

Thinking about Warren Buffet.... Who said he only paid 15% in taxes, but doesn't really talk about the billions he continually puts into charity programs either... I'm sure none of that helped lower his taxes...hehe

Originally posted by Laokin

Originally posted by beezzer
Let me ask all those who think we should tax the successful more this;

(already asnswered by one poster)

But how much money would you allow the successful to keep?

How much is good for you?

This isn't a question that can be answered with a figure, it's a question that is answered with philosophy.


It's quite a simple answer actually... However much they can keep whilst simultaneously providing the bottom earners with a decent standard of living.

A decent standard of living INCLUDES NOT BEING OVER WORKED. We have enough people on the planet that nobody should have to work their entire life just to live.


I.E.

A top earner who earns money because he has money and does not work should not exist if at the cost of the bottom earners starving and living homeless.

People are NOT starving because they have a lack of ambition. Have you ever starved? I promise you somebody starving has more ambition than somebody loafing away.

Having money does not equate to having a good education.

Having money does not equate to being smart.

Having money does not equate to your ambition or will/drive to work.

These are all political fallacies. There are a ton of smart people here, a ton of graduates.... a ton of people looking for work where there is none to be found.....

This isn't the fault of the person -- it's the fault of the economic system.


I.E.

It's not Lazy vs Productive.

It's consolidated wealth leaves none left for those who don't already have it.


A simple analogy -- There are 5 of us and we decide to build a house. You draw up the blue prints, and the other 4 people build it.

It takes you an hour to draw, it takes us 20 to build.

We are all hungry at the end and decide to eat a pizza.

There are 8 slices for 5 people, yet since you did the job that gets paid the most, you get to have 5 pieces, whilst the other 4 people get to have 1.

The problem here is that, there is 5 people, 8 slices, you get 5, which leaves 3 left over -- but 4 people to feed on the 3, which means one person isn't eating.

How much should the rich get to keep? 4. Because at least there is enough for everybody who contributes then. Is 4 that different from 5? It's more than the average person can/should eat by themselves.



I.E.

1 billion vs 50 million. Is 50 million not enough for you?

We aren't saying take away the excess, we are saying take away the SUPER GROSSLY SELFISH excess. Poor people don't want rich people to be poor. Hell, we don't want them not to be rich. We just want them to stop being greedy.

It's not a hard concept.

edit on 21-2-2012 by Laokin because: (no reason given)

Without the "drawer" the other 4 dont have a job and no one gets pizza or the house. You have left out the whole concept of RISK. The person that put the money up to build the house and is taking the risk if the house doesnt sell. Everyone else gets paid no matter what.

Originally posted by Skyfloating

Originally posted by andersensrm
Yea but your missing out on the loophole. People who have tons of money, invest that money, the money they make on the investment is not considered income and therefore it isn't taxed. Statistics are a tricky thing, and having just one, or without explaining how you got to them, or giving all the data, thet can be incredibly misleading.

I agree that not all of their income is taxed because they are skilled in finding loopholes. Education pays off.

If by "Education pays off" you mean the super rich have the money to pay highly expensive "educated" people to find loopholes and make them richer? Then yeah, I guess you're right.

I think it should simply be 20% of everyones income.

Poor? Rich? Middle Class? 20%.

Originally posted by sealing
So in conclusion do the top 1%
really pay their fair share in taxes?

I would say a good amount do, but maybe 10% to 30% should be paying more... still a drop in the 5 trillon dollar bucket

And if this world is going to pay workers in China,
for example, what they are truly worth so they can live
and have a day off. Billionaires are going to have to take a cut.
Or eventually we are going to eat them.

It's where profit comes from. China with 800 million making about 30 bucks a month is the profit center, but that will change soon. Just like Japan in the 70s, the workers will want more and demand a better living and governments can only offset the cost in industries for so long before it all comes tumbling down. We are just going through a phase.

I guess the question is why should I keep a company in America with American works...

reply to post by poet1b


So your just jealous of the rich? You think they should give it to you? Is that your point? You want their money instead of earning your own? Why bother creating your own, when you can elect dishonest people who will steal others money and give it to you?