Study: Tax Cuts for the Rich Don't Spur Growth

And the lead will have the most value...

 

OK, that's nice. Curious, how much of the wealth do they control? Oh, I found this "Altogether, the top 1 percent control 43 percent of the wealth in the nation; the next 4 percent control an additional 29 percent." If it's true so big fucking deal if they pay 37% of the taxes. Cry me a damn river...booo fucking hooo....

http://www.forbes.com/sites/moneywisewomen/2012/03/21/average-america-vs-the-one-percent/

 

As soon as you tell us how much of the income is earned by the top 1%, that statistic becomes useful.

 

Oh, I found this too " In 2010, 50 percent of Americans had 1.1 percent of the total net worth (PDF), according to the Congressional Research Service." I'm still crying for the taxes the top 1% had to pay....

http://www.dailykos.com/story/2012/...talk-about-the-bottom-50-percent-for-a-minute

 

So how much of the money that someone else earns do you feel they should be allowed to keep?

And explain to me, please, how it is that *you* get to be the arbiter of what someone else is required to "chip in".

 

Egg, you asking me? I will say that the top 1% have more influence on making/keeping their money than the bottom 50%. I tend to think the rich stack the deck in their favor. They influence the politicians much more than the poor...

 

Up to a point. You still need more than the 1% to get elected.

 

They will buy who ever gets elected. Plenty of money to dontate to both sides...

 

O rly?

They buy the politicians, but that 50% on the government teat has a hell of a lot more say at the ballot box.

And you didn't answer the question, either...

 

That's it, Sarah gets to name the next kid too! Take that!

"how it is that *you* get to be the arbiter of what someone else is required to "chip in"." Show me where I said I was the one who said I was going to say how much each should chip in. I merely pointed out that if the top 1% controls 43% of the wealth then paying 37% of the taxes does not seem too out of line to me.

 

Cite, please.

 

You want growth?

Quit screwing with small business. Give them some security in what policy will be for sure.

Maybe quit regulating and taxing them to death.

 

Mitt Romney had ZERO "earned" income in 2011, but came home with quite a bit of cash, and paid a lower rate than the guy that put the roof on your house.(EARNED income)

Not trying to single him out (Romney,there are plenty just like him), but you get the point.

 

Here is an excellent graphic showing how much each income group pays in taxes vs. how much each earns.

http://politicalmathblog.com/?p=1735

 

So you are basing the income tax rate upon accumulated wealth? That would create a permanent upper class by punishing those trying to achieve it while ignoring those already there. Kind of like All animals are equal, but some animals are more equal than others isn't it Mr Pig?

 

Was there an answer to those direct questions in there?

Cuz I sure as fuck didn't see any.

How much? Answer the question. What will satisfy you, how much do these horrible assholes with the $$ have to pay until you STFU about how much fucking $$$ they have?

 

Not picking either side but rather adding an FYI:

25% of the people who don't owe any federal income taxes are retired people on Social Security (non-taxable income).
Also, every person in this country, even children, pays taxes. Sales tax is not avoidable unless you are native American.

 

I'm saying I don't give a shit if somebody with 10 or hundreds of millions of dollars has to pay a higher percentage of their income for taxes than a poor person. There comes a point where you need money to get by and put a roof over your head, then there's excess. If a wealthy person can't stand paying a higher percentage than a poor person then they can relieve themselves of the burden and give their money to charity. There, problem solved. You guys that worry so much about the wealthy sure are some wonderful people.

Don't get me wrong on all of this. I HATE the government and I am not for social programs and hate taxes as much as the next guy. I've always made due with what income I've been able generate. It's easier some times and some times you have to cut back. I just laugh when people start whining about the mega rich having to pay more than poor people.

And don't give me that Animal Farm shit. It is harder and harder to be a middle class person in this country. It's not because the middle class has been gradually been getting lazier. If you think that's the case, you're a fool.

 

Is now and ever has been...