Top 1% pays 50% of the taxes.

[kylebisme]

Originally posted by: ayabe
But hey I'm all for a flat tax, let's do it... we'll be broke as a joke.

how did you come up with that?

 

[theeedude]

If you have time to be worried about how much income taxes top 1% are paying, you are doing pretty well, so stop whining.

 

[Deleted member 4644]

Originally posted by: BoberFett

Originally posted by: Deleted member 4644
I know personally dozens of people worth 100s of millions and several worth billions.

LMAO, sure you do. You're also a billionaire yourself, have a garage full of exotics, married a supermodel and benchpress 800 lbs, just like everyone else in the forum.

This is why people don't respond to you. You talk nothing but bullshit.

I'm not a billionaire, but I am rich, and I did go to the same elementary school as the children of the following people:

The K in Dreamworks SKG. (Katzenberg)
Stephen Spielberg
Fisher, aka Princess Leia
The Chancellor of UCLA
Nick Cage
One of the founders of the Hilton chain
The heads of cardiology of the two biggest hospitals in Los Angeles
Multiple studio heads you don't know
Entertainment lawyers making 10s of millions
The leading brain surgeon in the world
The heirs of President Roosevelt



I went to high school with people whose families:

Own multiple golf courses
Own dozens of fast food restaurants
Own entire drug companies
Founded Venture Capital firms


In law school I am friends with or with the families of:

The founders of VC firms
The founder/owner of the 4th or 5th largest office space holder in Los Angeles
The founder of Kinko's and his best (rich) friend

 

[Red Dawn]

Originally posted by: Deleted member 4644

Originally posted by: BoberFett

Originally posted by: Deleted member 4644
I know personally dozens of people worth 100s of millions and several worth billions.

LMAO, sure you do. You're also a billionaire yourself, have a garage full of exotics, married a supermodel and benchpress 800 lbs, just like everyone else in the forum.

This is why people don't respond to you. You talk nothing but bullshit.

I'm not a billionaire, but I am rich, and I did go to the same elementary school as the children of the following people:

The K in Dreamworks SKG. (Katzenberg)
Stephen Spielberg
Fisher, aka Princess Leia
The Chancellor of UCLA
Nick Cage
One of the founders of the Hilton chain
The heads of cardiology of the two biggest hospitals in Los Angeles
Multiple studio heads you don't know
Entertainment lawyers making 10s of millions
The leading brain surgeon in the world



I went to high school with people whose families:

Own multiple golf courses
Own dozens of fast food restaurants
Own entire drug companies
Founded Venture Capital firms

Are you Jason Priestly?

 

[Deleted member 4644]

Lol, no Red. But good guess ;-)

 

[BoberFett]

Originally posted by: spidey07

Originally posted by: heyheybooboo


Dude.

Reality check.

Reality check indeed. All you have to do to get into that evil top 10% is make more than 100,000 a year. There is NOTHING preventing anybody from doing that.

Hell, all I have is a high school diploma and I make six figures.

If a stupid, crazy, libertopian Paulbot (if this forum is to be believed) like me can do it, anybody can.

 

[fisheerman]

Originally posted by: Deleted member 4644

Originally posted by: BoberFett

Originally posted by: Deleted member 4644
I know personally dozens of people worth 100s of millions and several worth billions.

LMAO, sure you do. You're also a billionaire yourself, have a garage full of exotics, married a supermodel and benchpress 800 lbs, just like everyone else in the forum.

This is why people don't respond to you. You talk nothing but bullshit.

I'm not a billionaire, but I am rich, and I did go to the same elementary school as the children of the following people:

The K in Dreamworks SKG. (Katzenberg)
Stephen Spielberg
Fisher, aka Princess Leia
The Chancellor of UCLA
Nick Cage
One of the founders of the Hilton chain
The heads of cardiology of the two biggest hospitals in Los Angeles
Multiple studio heads you don't know
Entertainment lawyers making 10s of millions
The leading brain surgeon in the world
The heirs of President Roosevelt



I went to high school with people whose families:

Own multiple golf courses
Own dozens of fast food restaurants
Own entire drug companies
Founded Venture Capital firms

So why are you on here ranting with a bunch of "common folk"?

-fish

 

[Deleted member 4644]

So why are you on here ranting with a bunch of "common folk"?

-fish

Because I care :heart:

.. and I have a break before going to see my shrink.

 

[ayabe]

Originally posted by: spidey07

Originally posted by: ayabe

Originally posted by: spidey07

Originally posted by: Red Dawn

No it isn't.

It absolutely is. The 1% mark is somewhere under 400k. Two educated professional will make that.

If your household is pulling in 400K a year you're in great shape.

What is that YOU don't understand about that?

Someone paying 28% of their $32K of their salary in taxes is being penalized infinitely more than someone making 400K a year but only paying ~20% regardless of the total $'s being paid out.

But hey I'm all for a flat tax, let's do it - after that we can go ahead and cut the military budget by 75% for starters since we'll be broke as a joke.

Somebody making 32K is paying nowhere near 28%. Not even close. From the link Halik provide (and everybody should read it so they aren't so disillusiioned) it's more like 3%.

You're the one who's out of touch buddy, yikes.

 

[halik]

Originally posted by: Deleted member 4644

So why are you on here ranting with a bunch of "common folk"?

-fish

Because I care :heart:

.. and I have a break before going to see my shrink.

LOL

Alright time for my polo match.

 

[BoberFett]

Originally posted by: Atomic Playboy
Ah, a realistic answer. Never mind that for every "Pursuit of Happyness" story, there's a George W. Bush, son of a successful businessman and President, grandson of a railroad baron, who was able to float through life wanting for nothing because his family was wealthy before he was ever born. For every kid from the ghetto who was able to get an education and a nice scholarship to a great university, there's a Paris Hilton who has literally zero marketable talents, but shitloads of money because daddy owns some hotels.

I'd like to see this backed up.

Trust fund babies are a rare breed. There are lots more people living a comfortable lifestyle through hard work than there are Paris Hiltons.

 

[ayabe]

Originally posted by: TheSnowman

Originally posted by: ayabe
But hey I'm all for a flat tax, let's do it... we'll be broke as a joke.

how did you come up with that?

because that's where this is all leading, the rich pay too much, flat tax time. Amazingly, I only see flat tax stickers on $500 beaters.

I'd love to reconcile the crocodile tears on display in this thread with the 19,000+ %1'er assholes who conspired with UBS to defraud the IRS.

You wanna see some pitchforks, wait till the list of names is released.

 

[Budmantom]

Originally posted by: Craig234

Originally posted by: Budmantom

Originally posted by: davestar

Originally posted by: Budmantom
It crazy how we demonize the rich yet they are the ones that keep this country running.

I wonder how far behind the rest of the country is.



NY Post

does thinking for yourself hurt so much that you need Rush to supply your talking points?



if your brain is even half on, there should be absolutely nothing shocking about these percentages. the only way to owe taxes is to earn money. the only way for 1% of NYC to owe 50% of NYC's taxes is for that 1% to have earned a shit ton of money. the fact that income disparity is so great is the real problem.

It's not really a problem work harder, smarter and earn more.

Pull yourself up by the bootstraps and remember you are either the solution or the problem, I'm sure you are the problem but I'm speaking generally.

Idiocy - in fact, you probably have to add water to get idiocy, this is more concentrated.

Maybe the slaves and serfs throughout history just needed to work harder. They didn't need any rights.

After all, that's the only issue - there's no policy issue having to do with how workers and the wealthy are compensated and taxed and such.

Seeing people like Budmanton spew parroted ideology is the failure of democracy.

I have bad news for you Craig slaves and serfs are a thing of the past and working harder and smarter is the only way to get ahead, it's not waiting in line for government cheese.

I do appreciate the personal attack though.... I guess if you can't make an argument on facts it's time to go for the personal attacks.

 

[chrisho]

Originally posted by: CLite

Originally posted by: ProfJohn

Originally posted by: retrospooty
I have heard that before... I call total BS

Show me a real verifiable link that shows the top earning 1% pays 50% of the countries income tax.

Also, show a verifiable link to the lower x percentage that pays zero tax. Also total BS

The IRS numbers are out there.

For the country as a whole the bottom 50% pay about 3% of income tax.

The top 25% pay 86% of all income taxes.

And the top 1% pay 39% of all income taxes.

BTW all those numbers went up under Bush.

This doesn't include sales tax, which is a very real % of state revenue in some places. Once again it's an important number that is being conviently ignored.

Considering the wealthy can buy more it only makes sense they pay more of that too, not so convenient to your point is it?

 

[Deleted member 4644]

Originally posted by: ayabe

Originally posted by: spidey07

Originally posted by: ayabe

Originally posted by: spidey07

Originally posted by: Red Dawn

No it isn't.

It absolutely is. The 1% mark is somewhere under 400k. Two educated professional will make that.

If your household is pulling in 400K a year you're in great shape.

What is that YOU don't understand about that?

Someone paying 28% of their $32K of their salary in taxes is being penalized infinitely more than someone making 400K a year but only paying ~20% regardless of the total $'s being paid out.

But hey I'm all for a flat tax, let's do it - after that we can go ahead and cut the military budget by 75% for starters since we'll be broke as a joke.

Somebody making 32K is paying nowhere near 28%. Not even close. From the link Halik provide (and everybody should read it so they aren't so disillusiioned) it's more like 3%.

You're the one who's out of touch buddy, yikes.

Facts people, Facts.

32k to 78k pay 25% federal rate.

http://www.moneychimp.com/features/tax_brackets.htm

 

[fisheerman]

This puts you in the 28% tax bracket, since that's the highest rate applied to any of your income; but as a percentage of the whole $100,000, your tax is about 22.37%.


I think the point that others are making is just because you fall in the 28% tax bracket doesn't mean you are paying 28% of your total income.

 

[Budmantom]

Originally posted by: Deleted member 4644
Lol, no Red. But good guess ;-)

Lindsay Lohan?

 

[winnar111]

Originally posted by: Deleted member 4644

Originally posted by: ayabe

Originally posted by: spidey07

Originally posted by: ayabe

Originally posted by: spidey07

Originally posted by: Red Dawn

No it isn't.

It absolutely is. The 1% mark is somewhere under 400k. Two educated professional will make that.

If your household is pulling in 400K a year you're in great shape.

What is that YOU don't understand about that?

Someone paying 28% of their $32K of their salary in taxes is being penalized infinitely more than someone making 400K a year but only paying ~20% regardless of the total $'s being paid out.

But hey I'm all for a flat tax, let's do it - after that we can go ahead and cut the military budget by 75% for starters since we'll be broke as a joke.

Somebody making 32K is paying nowhere near 28%. Not even close. From the link Halik provide (and everybody should read it so they aren't so disillusiioned) it's more like 3%.

You're the one who's out of touch buddy, yikes.

Facts people, Facts.

32k to 78k pay 25% federal rate.

http://www.moneychimp.com/features/tax_brackets.htm

Never mind deductions and credits, and anything like that....

 

[Craig234]

Originally posted by: Budmantom

I have bad news for you Craig slaves and serfs are a thing of the past and working harder and smarter is the only way to get ahead, it's not waiting in line for government cheese.

I do appreciate the personal attack though.... I guess if you can't make an argument on facts it's time to go for the personal attacks.

Yoiu're really not getting it. I'm not suggesting that we should have million dollar welfare.

I'm pointing out that there are huge policy issues that let those at the top get away with murder, something you are in denial about as you say the only issue is 'work harder'.

The point was an analogy that the people lower down are always affected by policies - whether slaves, serfs, or 'wage slaves', and 'work harder' isn't the whole story.

You obviously don't get the analogy with your literal response 'slavery is in the past'.

I won't deny my post was harsh, but it was an attack on your argument, not about you personally other than as someone who would make the argument.

 

[Deleted member 4644]

Never mind deductions and credits, and anything like that....

You mean the same deductions and credits that rich get, but even more? Way more?

 

[OCGuy]

Originally posted by: BoberFett

Originally posted by: Deleted member 4644
I know personally dozens of people worth 100s of millions and several worth billions.

LMAO, sure you do. You're also a billionaire yourself, have a garage full of exotics, married a supermodel and benchpress 800 lbs, just like everyone else in the forum.

This is why people don't respond to you. You talk nothing but bullshit.

Im going to have to go with Bober on this one.

 

[winnar111]

Originally posted by: Deleted member 4644

You mean the same deductions and credits that rich get, but even more? Way more?

You mean the credits that phase out?

BTW, your hero Clinton had people paying higher tax rates before Bush slashed all the brackets.

 

[ayabe]

Originally posted by: winnar111

Originally posted by: Deleted member 4644

Originally posted by: ayabe

Originally posted by: spidey07

Originally posted by: ayabe

Originally posted by: spidey07

Originally posted by: Red Dawn

No it isn't.

It absolutely is. The 1% mark is somewhere under 400k. Two educated professional will make that.

If your household is pulling in 400K a year you're in great shape.

What is that YOU don't understand about that?

Someone paying 28% of their $32K of their salary in taxes is being penalized infinitely more than someone making 400K a year but only paying ~20% regardless of the total $'s being paid out.

But hey I'm all for a flat tax, let's do it - after that we can go ahead and cut the military budget by 75% for starters since we'll be broke as a joke.

Somebody making 32K is paying nowhere near 28%. Not even close. From the link Halik provide (and everybody should read it so they aren't so disillusiioned) it's more like 3%.

You're the one who's out of touch buddy, yikes.

Facts people, Facts.

32k to 78k pay 25% federal rate.

http://www.moneychimp.com/features/tax_brackets.htm

Never mind deductions and credits, and anything like that....

Not everyone has an accountant to help them cheat, if you're single with no kids then you're screwed.

 

[BoberFett]

Originally posted by: Deleted member 4644
I'm not a billionaire, but I am rich, and I did go to the same elementary school as the children of the following people:

...

So why haven't you given all your money away? Why can't you give everything away of your own volition? Why do you need the government to confiscate it?

 

[theeedude]

We have tens of millions uninsured, and millions of people out of work, nice to see the right wing ideologues come here and demonstrate how out of touch they are with their priorities.