Posted on 07/05/2012 8:10:52 PM PDT by justlurking
So these graphs show how much the government steals from you it’s slaves.
no- it shows how it steals from those who work hard and are successful yet takes little from the lower income earners, who also get the lions share of government benefits...
btw- great work...this should be sent to Fox network and every major conservative talk show host....as well as the criminal liberal media, for the record...
Understand that there isn’t a chart for after Obama was elected but why does it take the government so long to update.
Oh I Know why.....
This is the table that you should use to figure out where you are in the income categories, using your 2009 AGI:
threshold | minimum AGI |
---|---|
top 0.1% | 1,432,890 |
top 1% | 343,927 |
top 5% | 154,643 |
top 10% | 112,124 |
top 25% | 66,193 |
top 50% | 32,396 |
As a result of this change, a family with $250,000 AGI in 2009 would be in the top 2%.
The IRS data used for these graphs is current through tax year 2009, which includes the first year of Obama. It was published in July, 2011. Hopefully, the 2010 update will be published soon.
The CBO data lags even farther behind -- but that is significantly more complex. The data current through tax year 2007 was published in June, 2010. I keep hoping they will publish an update, but I suspect the CBO has been busy with other things.
Well then I'm sure you considered "income" sheltered in tax-exempt "charitable" foundations that the extreme rich use to game regulations? You know, like the donations they make to green groups to put their competition out of business. Oh and while you're at it, please add in the hidden income reported as deductions in corporate expenses.
You didn't? Well wake me when you get it done and I'll consider your sob story. Until then I'll stick with the observation that it isn't the rich being soaked for taxes by total percentage of cash flow they enjoy nearly as much as their upper middle class competition.
The Conservative position is to ABOLISH the federal individual income tax ~ NOT TO INCREASE IT ON ANYBODY!!!!
The folks carrying the water for the super rich probably work for them.
This most recent data from the IRS does not.
But, earlier data from the CBO doesn't use adjusted gross income: it uses total income from all sources (including transfer payments like the earned income credit). It also distributes corporate income and taxes among households according to their share of capital income:
US Federal taxes by income level 19792007
The resulting numbers aren't exactly the same, due to the differing basis. But, the trends are very similar.
Can I get that and your cites as a PDF? I need to hammer that one home with some idiots.
Wow, going by that chart, my brother is a 1-percenter! No wonder my “independent” bro is suddenly so ticked off about Democrats.
The Conservative position is to expose the LIES that the Treason Media spreads on behalf of the RATS. This excellent work destroys the myth of the rich not paying their “fair” share. It should be praised because of this not “corrected”.
But not the income value of the perks.
I see also that you have ignored my point about tax-exempt foundations entirely.
bkmk
It's worse than that. The NGO types working for the wealthy enviro-"donors" also do occasional stints in various government agencies. Mary Nichols is a prime example.
The cause should also be examined closely ~ and obviously the federal personal income tax has FAILED.
i doubt it will be published anytime soon as it will be another embarrassment for obama....usually by now we find out what % of the people paid no income tax for the previous year...when was the last time during obama’s reign of error we’ve received a number on the % of people who pay no federal tax???
Well, it's apparently the direct federal portion anyway. Doesn't include state and local taxes, sales taxes, or social security. It also doesn't include the money you end up paying as a portion of the products you buy that are directly related to federal rules, policies, procedures or guidelines. When you add it all together, it's amazing we have any money left at all.
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