Originally posted by: spidey07
Oh well, at least the author responded. Hope he fixes his math and ratios.
Originally posted by: spidey07
OK - the basic premise of this article is bunk.
"Jan. 30 (Bloomberg) -- The average tax rate paid by the richest 400 Americans fell by a third to 17.2 percent through the first six years of the Bush administration and their average income doubled to $263.3 million, new IRS data show. "
YR2000 Average AGI = 173M
YR2006 Average AGI = 263M
YR2000 Average income tax rate = 22.85%
YR2006 Average income tax rate = 17.17
A reduction of one QUARTER, not third.
Me thinks the person who wrote this article is intentionally distorting facts.
Because the article and OP failed miserably?Originally posted by: spidey07
Why no response to the article being full of shit and bad math?
You are paying 35% of your entire income in taxes??? I find that hard to believe.Originally posted by: venkman
Tell me again why I'm paying 35% and they are paying 17%?
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
Show me one rich person in the US, then compare him to the rich person globally.Originally posted by: JS80
Show me one poor person in the US, then compare him to the poor person globally.
Originally posted by: JS80
Show me one poor person in the US, then compare him to the poor person globally.
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
lol. Nice non-answer.Originally posted by: her209
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Fixed for accuracy.Originally posted by: TastesLikeChicken
I just got pwned.Originally posted by: her209
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Now I'm going to attempt to divert away from the response with a red herring question.
Originally posted by: her209
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
If you had any accuracy you would have answered my last question. You owned yourself by avoiding it.Originally posted by: her209
Fixed for accuracy.Originally posted by: TastesLikeChicken
I just got pwned.Originally posted by: her209
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Now I'm going to attempt to divert away from the response with a red herring question.
You're going to have really convince me that having $5 of taxable income is not considered poor.Originally posted by: mugs
In fact they often do not (pay federal income taxes). Those bold numbers are taxable income, and it's quite possible to have income but not taxable income. It's also possible to have taxable income but receive tax credits that offset all or more than all of the taxes you would have owed.Originally posted by: her209
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
I didn't take it there because I understood this discussion was only about federal taxes.Of course they still pay social security taxes, sales taxes, property taxes (directly or indirectly). Those taxes are a significant burden for a poor person with little disposable income.
Fixed again.Originally posted by: TastesLikeChicken
If you had any accuracy you would have answered my last assertion. You owned yourself by avoiding it.Originally posted by: her209
Fixed for accuracy.Originally posted by: TastesLikeChicken
I just got pwned.Originally posted by: her209
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Now I'm going to attempt to divert away from the response with a red herring question.
Originally posted by: TastesLikeChicken
Because the article and OP failed miserably?Originally posted by: spidey07
Why no response to the article being full of shit and bad math?
Just a wild guess.
It was a question. It ended in a question mark. Allow me to help you out:Originally posted by: her209
Fixed again.Originally posted by: TastesLikeChicken
If you had any accuracy you would have answered my last assertion. You owned yourself by avoiding it.Originally posted by: her209
Fixed for accuracy.Originally posted by: TastesLikeChicken
I just got pwned.Originally posted by: her209
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Now I'm going to attempt to divert away from the response with a red herring question.
And it was responded to, but in case you missed it, here it again for you.
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
:laugh:Originally posted by: TastesLikeChicken
I'll repeat my red herring question in hopes of diverting away from my dubious assertion.Originally posted by: her209
Fixed again.Originally posted by: TastesLikeChicken
If you had any accuracy you would have answered my last assertion. You owned yourself by avoiding it.Originally posted by: her209
Fixed for accuracy.Originally posted by: TastesLikeChicken
I just got pwned.Originally posted by: her209
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Now I'm going to attempt to divert away from the response with a red herring question.
And it was responded to, but in case you missed it, here it again for you.
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
"Suck it up Richie Rich, you could be living in Africa."Originally posted by: Brainonska511
That's irrelevant. It's all about relative poverty.Originally posted by: JS80
Show me one poor person in the US, then compare him to the poor person globally.
On a global scale, poverty and extreme poverty are living under $2 and $1 a day, respectively. So yes, poor people in Africa are much worse off than in the US, but that doesn't mean we should tell our poor to "suck it up, they could be living in Africa."
Thanks for essentially tapping out. I knew you couldn't provide an honest answer and would have to resort to stupidity instead.Originally posted by: her209
:laugh:Originally posted by: TastesLikeChicken
I'll repeat my red herring question in hopes of diverting away from my dubious assertion.Originally posted by: her209
Fixed again.Originally posted by: TastesLikeChicken
If you had any accuracy you would have answered my last assertion. You owned yourself by avoiding it.Originally posted by: her209
Fixed for accuracy.Originally posted by: TastesLikeChicken
I just got pwned.Originally posted by: her209
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Now I'm going to attempt to divert away from the response with a red herring question.
And it was responded to, but in case you missed it, here it again for you.
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Originally posted by: her209
Fixed again.Originally posted by: TastesLikeChicken
If you had any accuracy you would have answered my last assertion. You owned yourself by avoiding it.Originally posted by: her209
Fixed for accuracy.Originally posted by: TastesLikeChicken
I just got pwned.Originally posted by: her209
They don't?Originally posted by: TastesLikeChicken
The poor don't pay taxes in the first place.Originally posted by: her209
Doesn't matter, PUNISH THE POOR!!!!!!!!!!!!Originally posted by: Corn
Doesn't matter, PUNISH THE RICH!!!!!!!!!!!!
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Now I'm going to attempt to divert away from the response with a red herring question.
And it was responded to, but in case you missed it, here it is again for you.
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Originally posted by: AFMatt
Maybe a more correct assertion would be MOST poor do not pay any taxes. There is always an exception, and some people (likely single, without kids) pulling in a low income obviously pay a hundred bucks or so a year in taxes. I can say with certainty, however, many people who aren't considered "poor" by our standards get back far more than they paid in, without any funny math.
Originally posted by: Brainonska511
Originally posted by: AFMatt
Maybe a more correct assertion would be MOST poor do not pay any taxes. There is always an exception, and some people (likely single, without kids) pulling in a low income obviously pay a hundred bucks or so a year in taxes. I can say with certainty, however, many people who aren't considered "poor" by our standards get back far more than they paid in, without any funny math.
Any data to support this assertion?
What about sales taxes, FICA taxes, etc...?
