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Tuesday, September 26, 2006

Tax Cuts For The Rich?

Hardly...

The share of income taxes paid by the top half of taxpayers reached its highest level in decades, according to new IRS data released today. According to the new data, the top half of taxpayers ranked by income paid 96.70 percent of the individual income taxes paid in 2004, compared to 86.05 percent in 1949, 89.35 percent in 1959, and 90.27 percent in 1969.

Of course, this is nothing new for Say Anything readers, but you sure can’t convince liberals of it.  Even with the actual numbers, which is completely astounding to me.

Comments

Rob,

Yet another data point which suggests that the “Reality Based Community” is anything but reality based.  Such a disconnect between observable verifiable facts and spin should offend anyone who claims to be rational.

Out Here
Rodney Graves


Out Here
Rodney G. Graves

Ceterum censeo Parthia esse delendam
Latin: “Furthermore, Parthia (Persia aka modern day Iran) should be destoyed”

Rodney Graves on September 26, 2006 at 10:20 am

Let’s finish the math for them, shall we?

That means the bottom 50% of taxpayers, the poorest of the poor, pay 3.3% of individual income taxes.


Fileitunder.com

Hoodlumman on September 26, 2006 at 11:09 am
Avatar for Kevin Flanagan

If they are poor, they are too poor to pay any income taxes.
Forty percent of workers pay NO income tax and many get MORE in income tax refunds than they paid in.

Kevin Flanagan on September 26, 2006 at 11:47 am

Rob: The truth here is that Dems don’t give a fig about the amount of taxes collected, nor do they care about who pays how much.  Their argument about “tax cuts for the rich” is predicated on the reduction of the tax rate for capital gains.  Marxists regard return to capital as evil, since it takes money out of the mouths of workers, in their view.  They don’t care that cutting tax rates yields more tax revenue, either, because they want to control the economy.  The primary belief of socialism is that the economic system should be used to accomplish social goals, according to the political class.
Even if they could understand these numbers, they just don’t care.
The immutable truth about taxes is that the achievers pay for everyone else. We pay the way for the social engineers.


If you don’t know by now, don’t mess with it.

robert108 on September 26, 2006 at 12:30 pm
Avatar for Bat One

Now that we know that the cutoff point for that bottom 50% is $30,122, perhaps we can start adding in welfare benefits, assorted unemployment benefits, food stamps, plus any other “unearned” income.  Then we can add in the disingeuously named “earned income credit” as well.  Utility payment assistance should be included, as should Section 8 Housing assistance, and any state and local house subsidies.

And when we’re all done totally all the various benefits, assistances, and subidies of one sort or another, let’s be sure to marke them up accordingly to account for the true pre-tax value and arrive at a more realistic 50th percentile income figure.  My gues would be somewhere around $42-$45,000 per year, but that may actually be a bit low.

Bat One on September 26, 2006 at 12:39 pm

We should have a flat tax that everyone pays their share of.


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on September 26, 2006 at 12:46 pm

TW: I favor a mandatory tax(by any method) that would be paid for the necessary stuff: national defense, maintaining the integrity of the money and banking systems, certain infrastructure, and a voluntary contribution for social spending.  Let the ones who think social spending is a good thing pay for it.  Just a dream, I know.


If you don’t know by now, don’t mess with it.

robert108 on September 26, 2006 at 12:52 pm

Well, hell. I am late to the party, r108 pretty much stole my thunder. In summation, it ain’t about how little the poor pay, it is about how much can be stolen from the “rich”. ‘Nough said.


Una Salus Victus Nullam Sperare Salutem

2Hotel9 on September 26, 2006 at 12:56 pm
Avatar for Steve

Rob, Rob, Rob…

You have to understand what Democrats mean by rich. That is anyone who makes more than the minimum wage.

Steve on September 26, 2006 at 12:58 pm

Two: Yes, the entire proposition that the rich got that way by stealing from the poor is ridiculous.  If you want a job that pays well, you don’t go to a poor person, do you?


If you don’t know by now, don’t mess with it.

robert108 on September 26, 2006 at 12:59 pm

Steve: The economic defintion of a rich person is someone who has more money than you do.


If you don’t know by now, don’t mess with it.

robert108 on September 26, 2006 at 01:01 pm
Avatar for aNONOMISLY

Let the ones who think social spending is a good thing pay for it.  Just a dream, I know.

I’d say let the states worry about social spending, including Social Security and Farmer’s Welfare.

aNONOMISLY on September 26, 2006 at 01:01 pm

Naw, I am all for letting those concerned with the lack of social spending bearing the load. That would pretty much bring and end to socialism in America.


Una Salus Victus Nullam Sperare Salutem

2Hotel9 on September 26, 2006 at 01:15 pm

Two: By definition.


If you don’t know by now, don’t mess with it.

robert108 on September 26, 2006 at 01:28 pm

40% of the people want universal healthcare.

It’d be no problem if they together and just did it among themselves.

End of problem.


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on September 26, 2006 at 01:48 pm
Avatar for WOOF

How could the country have advanced to it’s

prominence after all these years of progressive

taxaction and social programs?

What a paradox.

WOOF on September 26, 2006 at 02:07 pm

That is called a Healthcare Management Organisation.


Una Salus Victus Nullam Sperare Salutem

2Hotel9 on September 26, 2006 at 02:10 pm

Woof: Individual independence is more powerful than you lefties think, that’s why.  Everything you try to do to take us down has failed miserably, especially The New Deal and The Great Society.


If you don’t know by now, don’t mess with it.

robert108 on September 26, 2006 at 02:10 pm
Rob
Rob
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Wait...now you’re saying that America’s economy is doing well?

Woofie, that doesn’t mesh with Democrat talking points.  You’d better call headquarters and see if they can email you out another copy of the memo....

And, for the record, America’s economy has remained strong despite big taxes and massive entitlements.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

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Rob on September 26, 2006 at 02:11 pm

Rob: Good catch, Rob!  Now, watch the backpedaling and spinning.


If you don’t know by now, don’t mess with it.

robert108 on September 26, 2006 at 02:14 pm

Woofie, just imagine what this economy could do if all of the liberal parasites pulled their weight.


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on September 26, 2006 at 02:28 pm
Avatar for WOOF

We head back into Clinton numbers

after five years of bad road.

Extrapolate the figures, where would we be if this was still a Clinton economy.

annual real GDP growth during the Clinton years was 3.7%. The same crowd is telling to tell us all those Bush tax cuts have increased growth even that average annual real GDP growth during the Bush years so far is around 2.6%

WOOF on September 26, 2006 at 02:33 pm

Woof: The last time the stock market was this high was the last year of the Clinton reign, and it started going down after that.  It continued to go down(under the Clinton budget) until October of 2001.  Even with 9/11 and Katrina, Bush’s numbers are far better than Clinton’s.


If you don’t know by now, don’t mess with it.

robert108 on September 26, 2006 at 02:40 pm

Woof: Don’t forget fighting the war against terrorism, which Clinton refused to fight, despite many warnings, a declaration of war against us by OBL in 1996, and a federal indictment of OBL in 1998.  Clinton’s numbers were also artifically pumped up by Enron, Global Crossing and the dot.com bubble, not to mention his slashing of national defense, both military hardware, personnel and intel assets.


If you don’t know by now, don’t mess with it.

robert108 on September 26, 2006 at 02:43 pm

WOOF...I know, that you know, that average GDP growth rate over the last 6 years does not tell us whether the Bush tax cuts were effective in Rrrevving up the economy from 2002 forward.  I also know, that you know, Clinton came into office during a Recovery, did not have to deal with such Economic hits as 9/11 and Katrina. AND left office with the U.S. in Recession.  So I can only guess that you are providing us some easy target practice???  Thanks!

Zsa Zsa on September 26, 2006 at 03:02 pm
Avatar for WOOF

Eight years of prosperity,
Went from deficit to surplus.

Poverty rate also declined from 15.1 percent in 1993 to 11.8 percent in 1999,

Good Times

WOOF on September 26, 2006 at 04:05 pm

Eight years of prosperity,
Went from deficit to surplus.

The surplus was a lie: it was based on a ten year projection of continuing to gut the military and our intel assets, which also gives the lie to his claimed commitment to fighting terrorism.  What were we supposed to fight it with?
His “prosperity” was also built on sand, since he benefited from the dot.com bubble, and the Enron/Global Crossing scandals.  More smoke and mirrors.  This economy is built on solid ground, unlike Clinton’s.


If you don’t know by now, don’t mess with it.

robert108 on September 26, 2006 at 04:18 pm

Ah the Clinton years.  So many forget Clinton booted the recovering economy he inherited.  The boom years of the late 90’s kicked in only after the capital gains tax cuts in 1996.  In the meantime, wage slaves watched thier income and social security taxes increase much faster than their income.

Zsa Zsa on September 26, 2006 at 04:46 pm
Avatar for WOOF

Clinton booted the recovering economy he inherited.

“It’s the economy Stupid” was what he walked into Office on.

the longest period of economic growth
in America’s history,
The economy grew for 116 consecutive months, the most in history

This economy is built on solid ground

A higher percentage of people in poverty
decreased mediam income and wages not keeping up
with inflation is a swamp.

WOOF on September 26, 2006 at 05:33 pm

hey woof, how ya doing?


“If a conservative is still a republican after the last 13 years, he is blind to the fact that his party of choice has failed him utterly.” – Realitybasedbob

realitybasedbob on September 26, 2006 at 06:02 pm
Avatar for WOOF

I pretty much retired when I was 39, so far so good.

I’m a low maintenance guy anyway.

WOOF on September 26, 2006 at 07:10 pm

WOOF dreams, We head back into Clinton numbers

after five years of bad road.

Extrapolate the figures, where would we be if this was still a Clinton economy.

“Clinton numbers” = Republican House numbers. They’re the ones who set the budget. Maybe the “reality based” community isn’t aware of that fact, but it is true.

“bad road” = good road.

“Clinton economy” = That was reversed after the Republicans took control of the house in 1994.

A higher percentage of people in poverty

“Poverty” = anything but.

decreased mediam income and wages not keeping up

= fantasy. In reality, real wages are up.

with inflation is a swamp.

Inflation = low.

Anything more you’d like to lie about WOOF? I can safely say that you’re lying because it is not like this info hasn’t been said before.

likwidshoe on September 26, 2006 at 09:50 pm

Lower percentage of people living in poverty, middleclass shrinking as they become more affluent and expand their financial holdings. Yep, terrible economy. We are all gonna die horrible deaths, crushed by the weight of our growing savings accounts. Oh,the horror!


Una Salus Victus Nullam Sperare Salutem

2Hotel9 on September 27, 2006 at 03:47 am
Avatar for WOOF
WOOF on September 27, 2006 at 04:23 am

Speaking of numbers here’s some help for you woofie.  (Doesn’t work with Mozilla)

grin


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on September 27, 2006 at 04:28 am

The real number would be the percentage of Republicans vs Democrats in terms of taxes paid.  If the Republicans pay most of the taxes in this country(and I think we do), then we are paying for the Dem social engineering.  This number might mobilize Republican voters more effectively than anything else.


If you don’t know by now, don’t mess with it.

robert108 on September 27, 2006 at 08:52 am

How many Americans living in “poverty” are relaxing on their couch with the remote watching TV? How many of them are collecting their welfare checks and eating cheese? How many generations have lived in “poverty” and will continue for many more generations? I wonder what those numbers are like?…

Zsa Zsa on September 27, 2006 at 03:04 pm
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