Something the Dog Said wrote: That is absolutely one hundred percent a lie. The rich account for 20% of the income and pay 20% of the taxes, a 1:1 ratio. You keep repeating your lies but it has been proven over and over that it is absolutely a lie.
According the Christian Science Monitor:
To put it in numbers, according to the analysis, the top 1 percent of earners account for 20.3 percent of total personal income in the United States and pay 21.5 percent of all federal and state taxes. The middle 20 percent of households earn 11.6 percent of US income and pay 10.3 percent of taxes. The lowest 20 percent account for just 3.5 percent of income, and pay 2 percent of all taxes.
http://www.csmonitor.com/USA/2011/0415/ ... ey-pay-now
Either you are just sadly ignorant about the facts, or deliberately lying about them, but this has been pointed out to you before.
And, as has been pointed out to you before, we are talking federal income taxes, not federal and state combined which is the faulty data you continually attempt to introduce. The regressive tactic of moving the goalposts to suit their agenda does not alter reality as it exists. Obama isn't talking about raising the state income taxes, mostly because he couldn't do that even if he wanted to. He is talking about raising the federal taxes, where the top 20% of earners are currently paying 40% of the income taxes collected. Focus Dog - federal taxes is the issue under discussion at the present time.
PrintSmith wrote: Regardless of effective tax rates, regardless of economic condition, the tax receipts of the federal government have remained a fairly consistent percentage of national production.
So, we're talking about tax-receipts as a percentage of GDP....
Tax rate as percent of GDP lowest in several decades
Posted on July 14, 2011
So, that blows a hole in that rant... That IS Federal Income Taxes... RIGHT NOW... And the one moving the goalposts is you... You throw out a metric, and when it shown to be a lie, then you change the metric...
You're a liar...
The millionaires and billionaires are generally paying a lower effective tax rate than their secretaries. But if you keep repeating it often enough you might actually believe it someday...
archer wrote: Obama is the President.....We know that bugs the hell out of you Viking...the president doesnt initiate plans in congress...he only signs or vetos them. This is all on the congress critters and they are playing russian roulette with our country. Kudos to Obama for trying to negotiate a compromise, but crafting legislation is NOT his job. The Dems have a plan that give Reps most everything they want, but they are too pigheaded to agree.
So that means that the title of this thread is kinda strange being the president doesn't have his own plan? Is that like the people who thought they would get their mortgage and gas paid for with "Obama Money"? I hope those kind of people are not the majority, otherwise we really are screwed.
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
archer wrote: Obama is the President.....We know that bugs the hell out of you Viking...the president doesnt initiate plans in congress...he only signs or vetos them. This is all on the congress critters and they are playing russian roulette with our country. Kudos to Obama for trying to negotiate a compromise, but crafting legislation is NOT his job. The Dems have a plan that give Reps most everything they want, but they are too pigheaded to agree.
So that means that the title of this thread is kinda strange being the president doesn't have his own plan? Is that like the people who thought they would get their mortgage and gas paid for with "Obama Money"? I hope those kind of people are not the majority, otherwise we really are screwed.
CriticalBill wrote: So that means that the title of this thread is kinda strange being the president doesn't have his own plan? Is that like the people who thought they would get their mortgage and gas paid for with "Obama Money"? I hope those kind of people are not the majority, otherwise we really are screwed.
Please give us a source for anyone who thought they would get their mortgage and gas paid in "Obama money"....what ever that is. You are a Viking clone....when you don't have a reasoned response you just make stuff up.....
Its not surprising that people would associate the Democrats plan with Obama...it is the plan he favors. Surely you knew at least that much
LadyJazzer wrote: Since you apparently have a problem with reading comprehension as well as being bat-s**t-crazy, I'll repeat it:
The millionaires and billionaires are generally paying a lower effective tax rate than their secretaries. But if you keep repeating it often enough you might actually believe it someday...
What you are saying is more of a talking point, and is not true in general. And before STDS calls me a liar, I'm talking about federal taxes which is what I assume you are as well. Plus, I prefer to use CBO data rather than data from an advocacy group.
Here is the CBO report. I'll quote data from page 18.
For 2010 (think it was projected, but should be close), the upper 1% paid an effective federal income tax of 22%. I'll assume a secretary would be in the middle 20% or lower. The middle 20% paid 4.8%
For all federal taxes (including payroll), the top 1% paid 31.2% vs. 16.1% for the middle 20%.
I do know where your talking point comes from, though. It assumes a rich person makes most of their money from capital gains, which is taxed at a lower rate of 15%. And yes, a very few can get away with that (like some hedge fund managers). But that is not true in general, and the numbers clearly show that.
CriticalBill wrote: So that means that the title of this thread is kinda strange being the president doesn't have his own plan? Is that like the people who thought they would get their mortgage and gas paid for with "Obama Money"? I hope those kind of people are not the majority, otherwise we really are screwed.
Please give us a source for anyone who thought they would get their mortgage and gas paid in "Obama money"....what ever that is. You are a Viking clone....when you don't have a reasoned response you just make stuff up.....
Its not surprising that people would associate the Democrats plan with Obama...it is the plan he favors. Surely you knew at least that much
Are you reading ANY other posts? I just posted a video 5 minutes bofore you posted this rant! WOW!
As has already been pointed out, the upper 1% have 20% of the money. They pay an effective tax rate of 21.2%. The secretaries, (who would be at the level of working for upper-earners), would generally make in the $65K-80K range... They will pay an effective tax rate of 25-28%, assuming they itemize, are married, and own a home for a mortgage deduction... They don't get all the breaks that the millionaires get, and they generally can't afford the tax attorneys who know how to shield their income, and even if they did, they don't get to shield very much because most of the deductions for the middle class have been eliminated.
No, it's not all "capital gains", but you're right about a few of the super-rich, (er, the super-[job creators]) do skate by based on the capital gains rates. In truth, most of the folks in the upper 1-2% are taxed at marginal rates around 17-18%....
Sorry...I don't watch the videos on my cell phone...too slow.
I take it you found one person who thought they were getting free gas or a mortgage payoff? Well that would surely be difinitive. Gotta love conservative sources.
Are you truly that dumb LJ or simply illiterate? Your vignette clearly contains the words "TAX RATES", even you can clearly see and read that, can't you? I am not talking about tax rates at all now, am I. No, the metric I am using is REVENUE as a percentage of GDP. I know that they both start with the letter 'R' (as do Republican and republic), but that is where the similarity ends. The metric from my perspective hasn't changed, no goalposts have been moved. The average REVENUE of the federal government for the last 70 years averages out to be less than 18%. Look at the numbers from 1900 to 2010 here:
http://www.usgovernmentrevenue.com/down ... =c&local=s
That is the annual revenue of the federal government expressed as a percentage of that year's GDP. It has never, not once, been anywhere close to 25% of GDP, or even 22% of GDP, since the end of WWII. It has been above 20% of GDP exactly twice, and then only barely. The vast majority of years it has been 17%. A few 18% and 19% along with a few 16% and 15%, but mostly hovering in the 17% of GDP range. The top marginal income tax rate has been everything from 70% to 28% during this time period. The privilege to be employed tax rates, along with the income subject to the tax, have more than doubled in that time span, and still the REVENUE remains averaged out to about 17% of GDP.
I hope those kind of people are not the majority, otherwise we really are screwed.
