70NPORT
Old Man with a Hat
Exactly. People have forgotten that it seems. Also, there's no such thing as "equal" OR "free".
Heil Obama
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theos911
Well-Known Member
What are you talking about "disproportionate share?" In America the top quarter of income earners pay 87% of taxes. The next quarter pays 11%. The bottom half (those earning $32,000 or less) pay 2%.
Of that top 25%, the lower 24% pay 54% of taxes and the top 1% pay 33% of taxes by themselves.
I like that. I will use that line in the future.
Fratzog
Old Man with a Hat
theos911
Well-Known Member
I read it in a New York times derivative today in Government class. I believe it is the percentage of actual money paid, not the tax brackets.
Here is the first hit on google for "percent of taxes paid by 1%" http://www.ntu.org/tax-basics/who-pays-income-taxes.html. It seems to match pretty close. My NYT numbers are for 2012. The ones on that site only go to 2009.
Here is the first hit on google for "percent of taxes paid by 1%" http://www.ntu.org/tax-basics/who-pays-income-taxes.html. It seems to match pretty close. My NYT numbers are for 2012. The ones on that site only go to 2009.
theos911
Well-Known Member
Here it is for 2009 by income level:
$0-$32,396 pay 2% of all taxes.
$32,396-$66,193 pay 10% of all taxes.
$66,193-$112,124 pay 17% of all taxes.
$112,124-$154,643 pay 12% of all taxes.
$154,643-$343,927 pay 22% of all taxes.
$343,927 and up pay 36% of all taxes.
$0-$32,396 pay 2% of all taxes.
$32,396-$66,193 pay 10% of all taxes.
$66,193-$112,124 pay 17% of all taxes.
$112,124-$154,643 pay 12% of all taxes.
$154,643-$343,927 pay 22% of all taxes.
$343,927 and up pay 36% of all taxes.
72Fury
Senior Member
Fratzog
Old Man with a Hat
What's wrong with this picture? Who Pays Income Taxes and How Much?
Tax Year 2009
Percentiles Ranked by AGI | AGI Threshold on Percentiles | Percentage of Federal Personal Income Tax Paid |
Top 1% | $343,927 | 36.73 |
Top 5% | $154,643 | 58.66 |
Top 10% | $112,124 | 70.47 |
Top 25% | $66,193 | 87.30 |
Top 50% | $32,396 | 97.75 |
Bottom 50% | <$32,396 | 2.25 |
theos911
Well-Known Member
Here it is for 2009 by income level with what percentage of the population is in that income bracket.
$0-$32,396 pay 2% of all taxes. 36% of population makes this much.
$32,396-$66,193 pay 10% of all taxes. 25% of population makes this much.
$66,193-$112,124 pay 17% of all taxes. 19% of population makes this much.
$112,124-$154,643 pay 12% of all taxes. 8% of population makes this much.
Then it gets rough because people per household income level is only measured up to 250k so I can't divide the following two, but combined they make up the rest, or 12%
$154,643-$343,927 pay 22% of all taxes.
$343,927 and up pay 36% of all taxes.
So, let's say that anyone making over 112k is doing pretty well. They are the top 5% by earnings. They are 12% of the population. They pay pay 66% of the taxes.
The other 80%, those doing anywhere from a pinch less than pretty good all the way to starving pay 33% of the taxes.
https://en.wikipedia.org/wiki/Household_income_in_the_United_States
$0-$32,396 pay 2% of all taxes. 36% of population makes this much.
$32,396-$66,193 pay 10% of all taxes. 25% of population makes this much.
$66,193-$112,124 pay 17% of all taxes. 19% of population makes this much.
$112,124-$154,643 pay 12% of all taxes. 8% of population makes this much.
Then it gets rough because people per household income level is only measured up to 250k so I can't divide the following two, but combined they make up the rest, or 12%
$154,643-$343,927 pay 22% of all taxes.
$343,927 and up pay 36% of all taxes.
So, let's say that anyone making over 112k is doing pretty well. They are the top 5% by earnings. They are 12% of the population. They pay pay 66% of the taxes.
The other 80%, those doing anywhere from a pinch less than pretty good all the way to starving pay 33% of the taxes.
https://en.wikipedia.org/wiki/Household_income_in_the_United_States
patrick66
Old Man with a Hat
What needs to happen is the abolishment of the current tax code and make it two pages...Everyone, and I mean EVERYONE, pays 15% of their gross income as income tax. PERIOD!!!! If you make ten whole dollars for the year, you pay a buck fifty. If you make $100K, you pay $15K. If you make a billion, you pay $150M. An equal percentage, across the economic spectrum. NO deductions of ANY kind. None. Nada. Zilch. No mortgage deduction, no kid, no education, no medical...no deductions of any kind, period, dot. This is the only truly "fair" way to have the US tax system. The friggin' RUSSIANS have a flat 15% income tax! Why the hell can't we???
This would reward investment and saving, and be something that would stimulate the economy in real terms; not the QE nonsense the gub'mint has thrust upon us. Printing money, and monetizing the debt, WILL destroy our nation! You can not continue to borrow! Normal people and corporations, even states can not do this! The only reason the Feds can is they control the damn printing presses! Many nations are looking for an alternative to the US Dollar, once backed by gold. Now, the Chinese look to have the upper hand in this. You have to remember they OWN over 85% of the mortgages that are held by Fannie Mae and Freddie Mac - a fact the lamestream media won't touch. It's out there, gang, I've done my research, you can do yours, if you think this is crazy.
And if you think that a government-"paid" single-payer healthcare system is the answer, how exactly do you think this is going to be financed? ZeroCare is DESIGNED to fail, gang, believe it! They'll rush in, like some bloated, demented cavalry to "save the day", and very soon after EVERY single doctor, nurse, and hospital in the US will be OWNED by the government. With no one to finance the system (because no one will have a job, money, or a life), the government will dictate your care in every single respect.
Bet on it
Oh, BTW, those numbers above are found in the IRS' own website, and colloborated by many sources to be accurate. Also, the US has the HIGHEST corporate tax rate of all industrialized nations! So, stuff the nonsense about the "rich NOT paying their so-called "fair share"...for in O-land, you are considered "rich" if you have a 28-hour a week part-time min wage job. And he, along with his minions and enforcers, want all of it...for they believe they are the true "elite" and know what is good for us better than WE THE PEOPLE do. Or, you can close you eyes, and believe in the power of unicorn dust and fairy farts. Believe it.
This would reward investment and saving, and be something that would stimulate the economy in real terms; not the QE nonsense the gub'mint has thrust upon us. Printing money, and monetizing the debt, WILL destroy our nation! You can not continue to borrow! Normal people and corporations, even states can not do this! The only reason the Feds can is they control the damn printing presses! Many nations are looking for an alternative to the US Dollar, once backed by gold. Now, the Chinese look to have the upper hand in this. You have to remember they OWN over 85% of the mortgages that are held by Fannie Mae and Freddie Mac - a fact the lamestream media won't touch. It's out there, gang, I've done my research, you can do yours, if you think this is crazy.
And if you think that a government-"paid" single-payer healthcare system is the answer, how exactly do you think this is going to be financed? ZeroCare is DESIGNED to fail, gang, believe it! They'll rush in, like some bloated, demented cavalry to "save the day", and very soon after EVERY single doctor, nurse, and hospital in the US will be OWNED by the government. With no one to finance the system (because no one will have a job, money, or a life), the government will dictate your care in every single respect.
Bet on it
Oh, BTW, those numbers above are found in the IRS' own website, and colloborated by many sources to be accurate. Also, the US has the HIGHEST corporate tax rate of all industrialized nations! So, stuff the nonsense about the "rich NOT paying their so-called "fair share"...for in O-land, you are considered "rich" if you have a 28-hour a week part-time min wage job. And he, along with his minions and enforcers, want all of it...for they believe they are the true "elite" and know what is good for us better than WE THE PEOPLE do. Or, you can close you eyes, and believe in the power of unicorn dust and fairy farts. Believe it.
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Thank you Theos for bringing the discussion back to something intelligent and sensible. To answer your question, I relied on this discussion website, which does a better analysis of what is really happening compared to just listing the various tax rates:
http://www.usnews.com/debate-club/d...ame-budget-shortfall-on-tax-cuts-for-the-rich
And a New York times article was cited later in this thread, but again tax rates do not tell the story very well. Again from the New York Times, here is an article that gives a better big picture view of the reality we face:
http://economix.blogs.nytimes.com/2013/09/10/the-rich-get-richer-through-the-recovery/?_r=0
When an extreme element of the Republican party can nearly shut down government, when the vast majority of the public at large does not want this to happen, suggesting that the power of the wealthy is getting stronger than the majority of the country in determining our direction, it is no longer rule by majority that is the foundation of a democracy. That is what concerns me. As a nation, we still have to compete with the rest of the world, and if we keep falling behind, then we will no longer be a world influence or prosperous overall anymore. Other views may vary of course, but I appreciate and respect intelligent discussion.
70NPORT
Old Man with a Hat
nice work, Patrick 66. I'm right there with you.
71ChargerSE
Member
You nailed it Patrick66, nice job.
fc7_plumcrazy
Old Man with a Hat
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patrick66
Old Man with a Hat
The Zero wouldn't know the truth if it hit him on the head...now. he and his minions claim he never said "If you have a health plan and a doctor you like, you can keep it!", never mind, he is on video at least three dozen times, saying exactly that.
Let's see, shall we...
http://dailycaller.com/2013/11/05/obama-denies-you-can-keep-it-videotaped-promises/
Audio and video proof: http://videos.nymag.com/video/If-Yo...XWQ03RL&t="If You Like Your Plan..." Supercut
The man is a pathological liar. Plain and simple.
Let's see, shall we...
http://dailycaller.com/2013/11/05/obama-denies-you-can-keep-it-videotaped-promises/
Audio and video proof: http://videos.nymag.com/video/If-Yo...XWQ03RL&t="If You Like Your Plan..." Supercut
The man is a pathological liar. Plain and simple.
72Fury
Senior Member
For the folks with dealing with something terminal and/or life threatening, I really sympathize for them.
patrick66
Old Man with a Hat
For everyone losing their existing health care policies because Zero-care, I sympathize with them. The government is lying on a collosal scale, and yet, near-silence from the masses.
70NPORT
Old Man with a Hat
Patrick I think it may take time but this is going to implode on itself. I would like to see the president immediately removed from office, but since the government doesn't work that way, people are going to rise up over this eventually.
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