[chiller]

Damn tired of it. BUT...it's not going to work for them anymore because more than half of US have investments of one sort or another.

They better find a new argument.

[Welsh Rabbit]

As often as the leading Rats repeat their mantra, "Only benefits the wealthy", I was thinking they should just shorten it to "OBW". That would free up a lot of air time for other things.

[Dutch Boy]

When solving any large scalle problem, such as the tax problem, you much do things in phases. This eases the transition and allows for minor adjustment. If you pick a piece of the problem and keep chipping away at it eventually the problem will be fixed.

The dems seem to have a philosohy of all or nothing. This goes for taxes, education, and many other issues. If everyone can't be helped all at the same time the dems would rather no one be helped. Had they fixed 20% of the problem one year, another 15% the next and so on there would be no education problem or tax issue. An all or nothing action holds back progress and dooms our future.

[Six Bells]

It all seems to be so political, doesn't it?

[Age of Reason]

Having a lot of money is having a lot of power.

And power can be used to direct the flow of even more money into the pockets of the rich.

[VRW Conspirator]

There is a clear reason why one of the ten commandments is "Thou shalt not covet."

[Husker24]

The Democrats consider the richest 1% to be anybody making over $16,000 a year.

[mware]

I think that it would be a great strategy to sell this tax cut by having photograph's of married couples, firemen, police officers, teachers, military personal, and showing how much them make a year.

Let the people know just who is "rich" according to DNC standards.

[Paul Atreides]

They have been saying for the past twenty years that Republicans were going to kill their children, throw the old out into the streets, and clear the entire Earth of foliage. It hasn't happened yet. I hope that Americans see all of this for what it is.

[RightOnTheLeftCoast]

Just keep these facts handy:

 

Income Percentile	Taxable Income	Percent of Total US Income	Percent of Total Income taxes paid
Top 1%	$313,469	20.81%	37.42%
Top 5%	$128,336	35.30%	56.47%
Top 10%	$92,144	46.01%	67.33%
Top 25%	$55,225	67.15%	84.01%
Top 50%	$27,682	87.01%	96.09%

 

[cynicom]

If tax cuts are good, why are we borrowing money to finance the government???

[Tacis]

This is one of the dems crooked lies that the ultra-left wing media is happy to repeat endlessly.

In fact, the "richest" one percent DOESN'T care. Of course, it depends how you define "richest."

In the U.S. we, as a rule, don't tax wealth, we tax income. The top 1% in income flow do not necessarily have to be those with the largest pools of assests.

If you talley up all the black athletes earning a million dollars or more a year, you can argue that the dems are being racist in the position and trying to keep blacks on their plantation, shucking, jiving, and voting dem, like always.

Now, we do tax wealth at death. There are ways around this and there are entire populations of lawyers and accountants who will help you do it.

As long as the media keeps repeating the "income vs. taxes paid" propaganda, the truth will not get out. The real story is "taxes paid vs. tax relief."

[rintense]

Well when GWB goes public and says that a family of four earning $40,000 will save 96% on their taxes, he's going to appeal to far more than the richest 1%! And he did this last week.

The Dems know that the rich are the only people they can attack in the GOP plan.

[SeeRushToldU_So]

The main thing to remember is:The Rats don't want things to improve before '04 elections.

But I am getting the feeling the tax cuts are so broad based they will have to give in or face destruction if the don't support the cuts.

[weikel]

Megabump.

[cherry]

the richest 1% do not pay at least 8% of their total hard earned dollars to social security.....

admit it or not...when you got the bucks, you get most of all the tax breaks....you get to deduct tons of special vehicles, special transportation, special eating and entertainment outings. you get to deduct vacation homes and boats because you entertain " business partners" there......

you can say that they pay so much of our income tax but in totality...for what they get...for what they do not pay into...the wage earners in this country get pounded in every way....

middle income married couples with children are the ones who need some relief in this nation......we would love to have our dividends free from taxation but truth is , there is little left for most middle income people....and I am not talking "poor"...I am talking people in the upper tax brackets....

you know those people....the ones who make too much money for the govt to help their kids pay for college but just too poor to be buying IPO's.....

[ATOMIC_PUNK]

Only The Rich Pay Taxes

Top 50% of Wage Earners Pay 96.09% of Income Taxes

October 23, 2002

The IRS has released the year 2000 data for individual income tax returns. The numbers illustrate a truth that will startle you: that half of Americans with the highest incomes pays 96.09% of all income tax. This nukes the liberal lie that the rich don't pay taxes. The top 1%, who earn 20.81% of all income covered under the income tax, are paying 37.42% of the federal tax bite.

*Data covers calendar year 2000, not fiscal year 2000 - and includes all income, not just wages, excluding Social Security

Think of it this way: less than four dollars out of every $100 paid in income taxes in the United States is paid by someone in the bottom 50% of wage earners. Are the top half millionaires? Noooo, more like "thousandaires." The top 50% were those individuals or couples filing jointly who earned $26,000 and up in 1999. (The top 1% earned $293,000-plus.) Americans who want to are continuing to improve their lives - and those who don't want to, aren't. Here are the wage earners in each category and the percentages they pay:

Top 5% - 56.47% of all income taxes; Top 10% - 67.33% of all income taxes; Top 25% - 84.01% of all income taxes. Top 50% - 96.09% of all income taxes. The bottom 50%? They pay a paltry 3.91% of all income taxes. The top 1% is paying more than ten times the federal income taxes than the bottom 50%! And who earns what? The top 1% earns 20.81% of all income. The top 5% earns 35.30% of the pie. The top 10% earns 46.01%; the top 25% earns 67.15%, and the top 50% earns 87.01% of all the income.

The Rich Earned Their Dough, They Didn't Inherit It (Except Ted Kennedy)

The bottom 50% is paying a tiny bit of the taxes, so you can't give them much of a tax cut by definition. Yet these are the people to whom the Democrats claim to want to give tax cuts. Remember this the next time you hear the "tax cuts for the rich" business. Understand that the so-called rich are about the only ones paying taxes anymore.

I had a conversation with a woman who identified herself as Misty on Wednesday. She claimed to be an accountant, yet she seemed unaware of the Alternative Minimum Tax, which now ensures that everyone pays some taxes. AP reports that the AMT, "designed in 1969 to ensure 155 wealthy people paid some tax," will hit "about 2.6 million of us this year and 36 million by 2010." That's because the tax isn't indexed for inflation! If your salary today would've made you mega-rich in '69, that's how you're taxed.

Misty tried the old line that all wealth is inherited. Not true. John Weicher, as a senior fellow at the Hudson Institute and a visiting scholar at the Federal Reserve Bank, wrote in his February 13, 1997 Washington Post Op-Ed, "Most of the rich have earned their wealth... Looking at the Fortune 400, quite a few even of the very richest people came from a standing start, while others inherited a small business and turned it into a giant corporation." What's happening here is not that "the rich are getting richer and the poor are getting poorer." The numbers prove it.

I have made an executive decision as the owner and ultimate editor of this website that this table and these numbers stay on this website forever - or until next year's numbers come out. In order to get these facts, you have to see them each and every day.

This story, along with a link to the IRS chart, will stay somewhere on the RushLimbaugh.com homepage so everyone can see and find these numbers at any time. It's crucial that people get this, so please, share it with a friend now!

[desertcry]

Class warfare is the only thing remaining in the democrat's arsenal. Please have compassion on them, they are being taken to the cleaners by W and his Team.

[Torie]

If one really wants to know who is in the top 1%, and who isn't, here are some numbers:

The Distribution of Wealth, by Age Group (dollar figures in thousands)
					
Age     Top 1% 	Top 5% 	Top 10% Top 25% Median
Group

80 +	2957.8	693.0 	440	252.2	118
70-79 	4338.1	1074.5	703.4	316.5	140.9
60-69 	6263.4	1850.2	902.8	356.7	155.8
50-59 	5791.7	1410.6	708.8	326.7	120.9
40-49 	3402.7	 829.0 	531.6	226.8    86.2 
30-39 	1210.1	 451.1 	267.5	127.4	 34.7 
20-29 	 383.3 	 148.2 	 78.3	 25.4 	  5.2 

Source: The VIP Forum, Corporate Executive Board, 1998 data					

[Chemnitz]

How many homeless people have given you a job? Don't answer if you are a social worker.