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From: Lloyd Parsons on 19 Jul 2010 17:12 In article <znu-92C80B.16154619072010(a)Port80.Individual.NET>, ZnU <znu(a)fake.invalid> wrote: > In article <TOmdnYB2NK2eMdnRnZ2dnUVZ_rqdnZ2d(a)earthlink.com>, > Kurt Ullman <kurtullman(a)yahoo.com> wrote: > > > In article <lloydparsons-67E195.12352719072010(a)port80.individual.net>, > > Lloyd Parsons <lloydparsons(a)mac.com> wrote: > > > > > > The recent IRS data bolsters the findings of an Organisation for > > > > Economic Co-Operation and Development (OECD) study released last year > > > > showing that the U.S.�not France or Sweden�has the most progressive > > > > income tax system among OECD nations. We rely more heavily on the top > > > > 10 > > > > percent of taxpayers than does any nation and our poor people have the > > > > lowest tax burden of those in any nation. > > > > > > The question that begs an answer is how much of the wealth is held by > > > the top 1% of taxpayers? If the answer is 40%, then the tax burden is > > > about right, but if it is greater as I suspect, then they aren't paying > > > enough. > > > > I don't know if anyone knows. They pay a higher percentage of taxes > > then they have income, but I haven't found any place that gives a real > > good handle on how to count wealth. > > http://en.wikipedia.org/wiki/Taxation_in_the_United_States > > "According to Tax Foundation, when including comprehensive household > income for 1991 to 2004, which consists of both market-based income and > the net value of government transfer payments, the top quintile earned > 41.5% and paid 48.8% of total taxes. The fourth quintile earned 21.0% > and paid 22.4%. The third quintile earned 15.4% and paid 14.8%. The > second quintile earned 12.2% and paid 9.6%. The lowest quintile earned > 9.8% and paid 4.3% of total taxes." > > Redistribution barely exists in the US. There certainly isn't nearly > enough of it to offset the market's inherent propensity to make the rich > richer faster than everyone else, which is precisely why they've been > _getting_ richer faster than everyone else over the last three decades. > > You can argue all you like about how "fair" this might be, but if it > goes on for long enough the obvious consequence is oligarchy. We're > already pretty far down that road. > > [snip] Ah, there's that old bugaboo that twitches these things a lot - 'earned income'!! That's money made from wages/salaries and does not include money made from other sources/ways. ie; things like capital gains. This is the same bullshit they try to trot out when they want to talk flat tax. Flat tax on earned income, no tax on any other. So another wiki entry is BS, what's new about that? :) -- Lloyd
From: Tim Murray on 19 Jul 2010 17:58 ZnU wrote: > If it weren't for the wars Bush started, his tax cuts,... Why is it so few want to admit that when taxes rates go down, after a while, revenues go up?
From: MuahMan on 19 Jul 2010 18:04 On Jul 19, 5:58 pm, Tim Murray <no-s...(a)thankyou.com> wrote: > ZnU wrote: > > If it weren't for the wars Bush started, his tax cuts,... > > Why is it so few want to admit that when taxes rates go down, after a > while, revenues go up? Because they'll feel guilty for collecting all their government entitlement checks?
From: David on 19 Jul 2010 21:12 In article <AiE%n.33561$Ls1.11926(a)newsfe11.iad>, "XX" <zs(a)orangegrove.org> wrote: > The Appassholes get affronted. > > What kind of sick mind protects a money grubbing corporation? Ahhh windows users
From: ZnU on 19 Jul 2010 22:36
In article <i22hps$71f$1(a)news.eternal-september.org>, Tim Murray <no-spam(a)thankyou.com> wrote: > ZnU wrote: > > If it weren't for the wars Bush started, his tax cuts,... > > Why is it so few want to admit that when taxes rates go down, after a > while, revenues go up? Nobody is denying it. But it doesn't mean what you think it does. See <znu-6BA7E4.16563319072010(a)Port80.Individual.NET> -- "The game of professional investment is intolerably boring and over-exacting to anyone who is entirely exempt from the gambling instinct; whilst he who has it must pay to this propensity the appropriate toll." -- John Maynard Keynes |