Reply to I have a problem with the definition of Rich

Forum Index » Political Discussion

Reply to "I have a problem with the definition of Rich"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]
There's one more thing to keep in mind. [b] As of 2009, the "1 percenters" paid almost 37% of all incomes paid into the Treasury.  Yes, more than 1 in 3 of all (ALL!) tax dollars was paid by just 1 percent of the population. [/b] The top 5% paid almost 60% of all tax dollars collected. The people between 5 and 10%?  They paid another 11% of all tax dollars.  Thinking about it in reverse, the bottom 50 of wage earners, the poorest of the poor, only paid 2.25% of all taxes collected. (Meaning, they are not taxed.  Hardly at all.)  The bottom 75%?  They paid just 12.3% of all taxes.  Again, hardly taxed.  At all.  You can't give a tax break to people who don't pay taxes to begin with.  And that's pretty much 75% of all wage earners in this country, so says the IRS.

[The source of this data is the IRS.  Link at the taxfoundation.org (see Table 6): http://taxfoundation.org/article/summary-latest-federal-individual-income-tax-data-0#table3]  [/quote]

The problem that you and others like you fail to take into account is that growing disparity of wealth between the classes.

In 2007, the top 1% owned 34.6% of the wealth.  [url]http://www.forbes.com/sites/deborahljacobs/2011/11/01/occupy-wall-street-and-the-rhetoric-of-equality/[/url]
In 2009, the top 1% owned 35.6% of the wealth.  [url]http://inequality.org/wealth-inequality/[/url]
In 2011, the top 1% owned 36% of the nation's wealth.  [url]http://money.cnn.com/galleries/2011/news/economy/1110/gallery.wealth_gap_growing.fortune/index.html[/url]

and all predictions continue to have the percentage of US wealth owned by the top 1% to continue growing annually.

They pay the taxes because they own that amount of the nation's wealth.  And based on tradition, they are paying one of the lowest rates in taxes since the Great Depression.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics