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Eat the Wealthy!

There is only 1 little problem with the whole things.

Just one little problem.

The top 1% control about 42% of all wealth.

Which means that if things get tight, they will have to share. They have no choice, you will have to eat the rich.

I am in the top 1% and only pay 20% of my income in taxes. A person that earns 80,000 dollars will pay about 40%. Why am I not paying my fair share?

Take more from me I have it. We have fought and lost 2 wars that have cost trillions of dollars, we have spent trillions to the rich, and only thing we got out of it was a bill to bail them out.

I am not saying that we need to eat the rich, but they do need to start to pay their share of the debt.
 
a single person with no dependants and no deductions whatsoever earning $80K will pay about 17%

we have not spent trillions on wars

we have not given trillions to the rich

and you missed the entire point......... if the rich gave 100% of their income to taxes it still wouldnt be a drop in the bucket of the budget

its time for those earning $50K and below to pay ANYTHING let alone their fair share

and its time to reign in the reckless spending
 
copestag said:
a single person with no dependants and no deductions whatsoever earning $80K will pay about 17%

we have not spent trillions on wars

we have not given trillions to the rich

and you missed the entire point......... if the rich gave 100% of their income to taxes it still wouldnt be a drop in the bucket of the budget

its time for those earning $50K and below to pay ANYTHING let alone their fair share

and its time to reign in the reckless spending
Click to expand...

I am sorry but for 80k the standard rate is about 24% not including state. If you are paying 17% you are getting some serous deductions. Q+A-Cost of Iraq, Afghanistan tops $1 trillion | Reuters Yes we have spent trillions on wars. We are currently spending about 680 billion dollars just on the pentagon alone. We give about 17 billion to oil companies every year. Not including the bail out which still has 1.92 trillion outstanding and probably unrecoverable. Please do a google search before you post. Total Wall Street Bailout Cost - SourceWatch
 
try it: 1040.com Federal Tax Estimator - FREE Refund Calculator - FREE E-Filing

17%.... not that hard to figure out

"tops 1 trillion" is not trillionS

you realize the pentagon costs money even in peacetime right? they dont shut it down

17 billion to oil companies every year would take 60 years to top 1 trillion let alone trillionS..... basic math

the bailouts??? please go read a breakdown of where that money goes


class warfare is always so fun..... wealth redistribution and forced charity should be our new national motto
 
RiverOfIce said:
I am in the top 1% and only pay 20% of my income in taxes. A person that earns 80,000 dollars will pay about 40%. Why am I not paying my fair share?
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First off, I don't believe you.

So you make $280,000+ with no other deductions or credits your paying 27% income tax rate, or ~$76,000.

A person making $80,000 with no other deductions or credits would pay about 17% or ~$13,800.

I don't believe your salary is that high, if it was you would know the tax code better.

RiverOfIce said:
Take more from me I have it. We have fought and lost 2 wars that have cost trillions of dollars,
Click to expand...

Congress has approved $1.05 trillion dollars for the wars in Iraq and Afghanistan,[since 2001] according to the National Priorities Project, a nonpartisan budget research group that has a continuously running war cost counter on its website.
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10 Years of building stable governments in two very unstable countries in an unstable part of the world... I'd say, 1 trillion, not multiple trillions as you claim, thats a pretty fair price.

Lets put that in comparison.

In February of 2009, the American Recovery and Reinvestment Act of 2009 was passed and became law. It authorized ~800 billion to be spent by the government on various things. (200 billion short of the 1 trillion price tag of Iraq and Afghanistan)

As of December 2010, 60.85% of it has been spent, or $510,899,139.

Stimulus:How Fast We're Spending Nearly $800 Billion | ProPublica

Thats about 22 billion + a month. And what do we have to show for it? Not a whole lot.

But Iraq has its first democratic, freely elected government in history... and Afghanistan is getting closer to a stable democratic functioning government as well.

Put another way, it took Obama 22 months to spend what Iraq and Afghanistan COMBINED, took 5 years to spend. Look at the impact on those countries, they are unrecognizable now... can you tell we pumped 500 billion into the economy in 22 months? Does anything look different to you?


RiverOfIce said:
we have spent trillions to the rich, and only thing we got out of it was a bill to bail them out.
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Really? Who do you think pays the bills around here?

The top 1 percent: Americans who earned an adjusted gross income of $410,096 or more accounted for 22.8 percent of all wages. But they paid 40.4 percent of total reported income taxes, an increase from 39.9 percent in 2006, according to the IRS.
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The top 5 percent: Americans who earned $160,041 or more accounted for 37.4 percent of all wages in 2007. But they paid 60.6 percent of the country's total reported income taxes, up from 60.1 percent a year earlier.
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Income Tax Shares - Who Pays the Largest Income Tax Shares in America


RiverOfIce said:
I am not saying that we need to eat the rich, but they do need to start to pay their share of the debt.
Click to expand...

So, 2 times more a % of taxes than their % of income... what do you consider a "fair share?"
 
One more factoid:

Unemployment rate February 2009, before stimulus spending: 8.1%
THE EMPLOYMENT SITUATION: FEBRUARY 2009

Nonfarm payroll employment continued to fall sharply in February (-651,000),
and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. Payroll employ-
ment has declined by 2.6 million in the past 4 months. In February, job
losses were large and widespread across nearly all major industry sectors.
Click to expand...


Unemployment rate today, after 500 billion of stimulus spending: 8.8%
THE EMPLOYMENT SITUATION -- MARCH 2011


Nonfarm payroll employment increased by 216,000 in March, and the unemployment
rate was little changed at 8.8 percent, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in professional and business services, health
care, leisure and hospitality, and mining. Employment in manufacturing continued
to trend up.
Click to expand...
 
Everyone always whines about "fair share". Who decided what is fair? I don't think it's fair that millions of wage earners don't pay any taxes. Why aren't they paying their fair share?
 
2 words: flat tax.
Everyone pays the same percentage.

The next one.. national sales tax: get the illegals and under the table workers paying in as well.

If I pay 10% and you pay 10% there is no more debate.
Just saying... :D
 
first... state income tax has nothing to do with it...... every state is different... how exactly does that calculate in "fair share"... do I reap the rewards of California income tax in another state?

second.... everyone pays the exact same percentage when it comes to property tax (unless you dont own any), social security (unless you live on welfare), medicare (unless you live on welfare) and "sells" tax (I think you meant sales but I dont have a PHd like you so I'll just quote sells)..... and NONE of them are income taxes so what do they have to do with anything?

just a thought though..... if you dont feel like youre paying your fair share....... why dont you give more....... you can always pay extra........ or even better... try charity..... Im sure someone who obviously cares so much should have no problem finding a great charity to donate a large portion of their income to

oh wait..... nobody ever wants to spend their own money...... just someone elses
 
cipher6 said:
One more factoid:

Unemployment rate February 2009, before stimulus spending: 8.1%



Unemployment rate today, after 500 billion of stimulus spending: 8.8%
Click to expand...

That's only the new claims rate. Actual unemployment (those past 99 weeks or underemployed) is closer to 16%
 
lol.. nothing in that video has any bearing on reality..

First.. "profit" is a subjective term. Us cry baby liberals are more worried about unreported profits through loopholes than reported profits, which were used for these numbers.

Second, just take mobil and gas tax. In the video examples, since the budget was taken care of, gas tax wouldn't exist, raising gas company profits by billions. No tariffs, no sales tax, etc - throw in the money they're offshoring, and wow, that budget is looking a lot easier to swallow.


I guess a bunch of numbers and a video making fun of micheal moore is just too hard to be subjective about for the right....
 
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