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the 1%
Washington Post | 7 Dec 2011 | Washington Post

Posted on 12/07/2011 7:16:28 AM PST by thesaleboat

"The richest 1% now pays nearly 40% of all federal income taxes, up from 25% two decades ago, while the bottom 50% of Americans only play 2%, down from 6%."


TOPICS: Society
KEYWORDS: 1; 1percenters; 50; bottom50percent; richest1percent; taxes
This is just ridiculous, 50% of people play only 2% of our taxes, while nobama wants to increase the amount the top 1% pay!
1 posted on 12/07/2011 7:16:29 AM PST by thesaleboat
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To: thesaleboat

Without even discussing the affect on job creation, or fairness - a small tax-base is a very unstable tax base as well.

Relying on 1% of people to pay such a large percentage subjects Gov’t revenues to wild swings, based on stock market returns or changes in asset prices.

Moreover, the 1% can simply pack up and leave if they choose - again, not very stable.

Finally, it in facts give the “1%” even more voice in policy and makes the system more corrupt. Being the largest payers, it only makes sense they will increase their lobbying to swing policy their way.

We need a broad and flat tax base, with a low rate.


2 posted on 12/07/2011 7:23:59 AM PST by PGR88
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To: thesaleboat

It would be interesting to see:
1. The breakout of dim-bulbs vs conservatives in the top 1%
2. Of those, another breakout of those who actually earned their monies vs Kennedy felon-son types.

And of course, the stats on our congresscritters - few of whom could profitably run a McDonalds - would also prove very illuminating. Does anyone thing Al Gore would be doing anything other than digging ditches if he wasn’t the (repulsive) spawn of a crooked senator?


3 posted on 12/07/2011 7:28:08 AM PST by Da Coyote (Liberalism - when you absolutely, positively have no ability to produce wealth.)
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To: Da Coyote

yeah, no way he’d ever humble himself enough to earn a living digging ditches, he’d be on welfare for some reason or another


4 posted on 12/07/2011 7:30:46 AM PST by thesaleboat (Pray The Rosary Daily (Our Lady, July 13, 1917))
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To: thesaleboat
I would really like to see the LINK to the article (in the ComPost) that this piece of news comes from.

Please...let's see your access to the source.

5 posted on 12/07/2011 7:40:55 AM PST by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: thesaleboat

I have an ongoing cdebate about this statistic and would appreciate a link if you kept it.


6 posted on 12/07/2011 7:42:00 AM PST by Baynative (The penalty for not participating in politics is you will be governed by your inferiors.)
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To: thesaleboat

Is the dividing line between the 1% and 99% a million dollars a year? If not, what figure is it?

Just trying to figure out where I fit.


7 posted on 12/07/2011 7:47:15 AM PST by tractorman (I never miss a chance to tweak a liberal.)
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To: tractorman

Based on 2009 tax year filing data, the Internal Revenue Service says an adjusted gross income, or AGI, of $343,927 or more will put you in the top 1 percent of taxpayers.

Read more: Top 1 Percent: How Much Do They Earn? | Bankrate.com http://www.bankrate.com/finance/taxes/top-1-percent-earn.aspx#ixzz1friPb2Hj


8 posted on 12/07/2011 8:12:51 AM PST by thesaleboat (Pray The Rosary Daily (Our Lady, July 13, 1917))
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To: Baynative
I have an ongoing cdebate about this statistic and would appreciate a link if you kept it. Actually, I was riding the metro with my father this morning, and he showed me his newspaper, I took a picture with my phone of the article so I could post that in here when I got to work, I don't have a link, sorry.
9 posted on 12/07/2011 8:14:54 AM PST by thesaleboat (Pray The Rosary Daily (Our Lady, July 13, 1917))
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To: thesaleboat

Thanks.
I guess I’m still safe but I’ll keep trying.


10 posted on 12/07/2011 8:20:11 AM PST by tractorman (I never miss a chance to tweak a liberal.)
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To: thesaleboat

Any article that only posts info about income taxes and excludes all the other taxes that people pay is just propaganda. Taxes are taxes. This is bullcrap.


11 posted on 12/07/2011 8:21:41 AM PST by ex-snook ("above all things, truth beareth away the victory")
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To: ex-snook

How is this propaganda when the administration wants to raise these taxes on the top 1% and no others?


12 posted on 12/07/2011 8:26:13 AM PST by thesaleboat (Pray The Rosary Daily (Our Lady, July 13, 1917))
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To: Baynative
Every search I do for this article comes back to this website. If anyone has a better way of finding a link than Google, I'd be grateful ---
13 posted on 12/07/2011 8:34:20 AM PST by Baynative (The penalty for not participating in politics is you will be governed by your inferiors.)
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To: thesaleboat

“How is this propaganda when the administration wants to raise these taxes on the top 1% and no others?”


It’s why Willie Sutton robbed banks.


14 posted on 12/07/2011 8:38:58 AM PST by ex-snook ("above all things, truth beareth away the victory")
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To: thesaleboat

Just think where we’d be if the 1% said “F*ck Off” and moved to Costa Rica!!


15 posted on 12/07/2011 8:48:59 AM PST by catman67
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To: ex-snook

“Sentenced to life imprisonment as a fourth time offender, Sutton was transferred to the Philadelphia County Prison, Holmesburg section of Philadelphia, Pennsylvania. On February 10, 1947, Sutton and other prisoners dressed up as prison guards. The men carried two ladders across the prison yard to the wall after dark. When the prison’s searchlights hit him, Sutton yelled, “It’s okay!” No one stopped him.” -wiki

Lol, thanks for bringing this guy to my attention, but I still don’t understand how my post is propaganda?


16 posted on 12/07/2011 8:54:53 AM PST by thesaleboat (Pray The Rosary Daily (Our Lady, July 13, 1917))
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