Dispelling the Tax Myth

[tmma 467]

No, it just means there's a big reward in this country for people willing to take risks. 95% of the population aren't lazy, but risk-averse.

It's erroneous to assume that 95 percent of Americans don't want or aren't willing to pursue the American Dream. Although everyone has their own unique circumstances or reasons why, it would be offensive to dismiss all of them as simply not doing whatever is necessary to reach up to the top 5 percent.

It's not erroneous at all, and I don't care if it's offensive.

ME TOO!!

[AlHayatZween 2]

If you want to use the Robin Hood analogy. Who would you root for - Robin Hood or Sheriff Nottingham?

they both wore tights.

[SpiritAlight 1]

Tax threads:

A cure for insomnia.

[AlHayatZween 2]

Tax threads:

A cure for insomnia.

All i know is that this year,

i get to write-off Habibi

[Ban Hammer 13,367]

Interesting, the share of federal taxes paid by the top 10% went up from 49% to 71% in 26 years; the share of the bottom 50% went down from 7% to 3% over the same period.

Yes, but it's not that simple. The charts are kind of awkward to read.

You're looking at Table 6. If you look at the top 1%, their percentage share had doubled. If you look at people who make up the 2% to 5% of top earners, their share has gone up only around 2.5% (these people are "Joe the Plumber" as according to Table 7, you can enter that percentage of earners with around $153K in AGI).

Wow. The wealthy are already paying more than their 'fair' share.

Fair is a relative term. For many in this world, fair is proportional rather than treating everyone exactly the same across the board. A flat tax is not a fair tax. But the larger question would be, how is that in this country 80 percent of the total income earnings annually is among only 5 percent of the population? Does that mean 95 percent of the population is just damn lazy?

hero of the masses.

If you want to use the Robin Hood analogy. Who would you root for - Robin Hood or Sheriff Nottingham?

who is he?

[mawilson 2,133]

You have to look closely, but what you can see is that Joe the Plumber is really re-distributing his wealth upward instead of downward.

How so?

Redistribution of wealth means taking money from one person and giving it to another person

in the form of a tax credit.

What I see here is that the highest earners (top 1%) paid about 27-28% of their AGI in taxes

before the Bush tax cuts and about 22-23% after. Obama wants to roll back the Bush tax cuts

for the top 1%, so their average tax rate will go back to 27-28%. At the same time, the middle

class and the poor (who pay no taxes) will get a tax credit. That's wealth redistribution

downward, not upward.

The highest one percent aren't Joe the Plumber.

Well, Joe is in the top 5% and his average tax rate today is 20-21% (as opposed to 23-24% before the Bush tax cuts.)

Please help me understand your argument.

[JVKn'CVO 11]

If you want to use the Robin Hood analogy. Who would you root for - Robin Hood or Sheriff Nottingham?

"Mister Fancypants" is back!!

Saludos,

Caro

[one...two...tree 2,762]

If you want to use the Robin Hood analogy. Who would you root for - Robin Hood or Sheriff Nottingham?

"Mister Fancypants" is back!!

Saludos,

Caro

Yes sister, I'm back! My arch nemesis, Diabolical Diaper held me prisoner but I managed to escape!

[Ban Hammer 13,367]

If you want to use the Robin Hood analogy. Who would you root for - Robin Hood or Sheriff Nottingham?

"Mister Fancypants" is back!!

Saludos,

Caro

Yes sister, I'm back! My arch nemesis, Diabolical Diaper held me prisoner but I managed to escape!

diabolical diaper

[natty bumppo 297]

If you want to use the Robin Hood analogy. Who would you root for - Robin Hood or Sheriff Nottingham?

"Mister Fancypants" is back!!

Saludos,

Caro

Yes sister, I'm back! My arch nemesis, Diabolical Diaper held me prisoner but I managed to escape!

diabolical diaper

DD's iron grip clutches were squeezing the sh!t out'a me ...

[one...two...tree 2,762]

Yes sister, I'm back! My arch nemesis, Diabolical Diaper held me prisoner but I managed to escape!

diabolical diaper

DD's iron grip clutches were squeezing the sh!t out'a me ...

Show him who's boss...

[mawilson 2,133]

####### is this? I ask Rebecca a question and get pages of baby shite. FFS

Edited October 31, 2008 by mawilson

[Peikko 1,575]

I didn't think Joe was even in the top 5% - wasn't that just wishful thinking on his part? Something I think a lot of GOP supporters might be guilty of.

[w¡n9Nµ7 §£@¥€r 123]

Top 5% is 153k. A good contractor can go over that easy.

[Peikko 1,575]

Is he a good contracter? Does he earn that much? I don't know.

I'm still sure that there are a lot of 'wannabe' tax payers that support McCain