Americans screw the rich

[Bob]

And enjoy being thieves.

http://money.cnn.com/2013/03/12/news...my/rich-taxes/
Many people think that the rich are able to weasel their way out of taxes, but they actually pay an overwhelming majority of the taxes in the United States.

What's more, their share of the tax burden is increasing.
The top 10 percent of taxpayers paid over 70% of the total amount collected in federal income taxes in 2010, the latest year figures are available, according to the Tax Foundation, a think tank that advocates for lower taxes. That's up from 55% in 1986.
The remaining 90% bore just under 30% of the tax burden. And 47% of all Americans pay hardly anything at all -- a fact that got Republican presidential candidate Mitt Romney into political hot waterlast year.

I understand this is dated, but it still applies.

[Safety]

They do pay the majority of the taxes here in the States. However, I believe the premise is somewhat misleading, for if they paid percentage wise what the middle class pays percentage wise, it would be a more fair system. Most of your affluent people have an accountant or two, and they are able to maximize their deductions to make sure that "x amount of "charity/donations/farm deductions/business deductions/etc." dollars will let me keep y amount of my money" is achieved.

I believe I read that GE had a team of 900 lawyers employed to make sure they had a zero tax liability. Zero.

Middle class doesn't have access to that resource, so they are forced to cough up every dollar .gov requests, or go to prison.

[Howey]

Why do you care @Bob? You're poor.

[Bob]

Why do you care @Bob? You're poor.

I can't stand thieves. I don't covet the property of the rich. Apparently you do.

[Bob]

They do pay the majority of the taxes here in the States. However, I believe the premise is somewhat misleading, for if they paid percentage wise what the middle class pays percentage wise, it would be a more fair system. Most of your affluent people have an accountant or two, and they are able to maximize their deductions to make sure that "x amount of "charity/donations/farm deductions/business deductions/etc." dollars will let me keep y amount of my money" is achieved.

I believe I read that GE had a team of 900 lawyers employed to make sure they had a zero tax liability. Zero.

Middle class doesn't have access to that resource, so they are forced to cough up every dollar .gov requests, or go to prison.

Ahem, the Government recognizes not three classes, but 5 classes.

Some of the middle class get off almost tax free. And they don't need accountants since they pay nothing or next to nothing in taxes. But they get full benefits of Government. Even pay for the Obama meddling in Ukraine.

[Crepitus]

And enjoy being thieves.

http://money.cnn.com/2013/03/12/news...my/rich-taxes/
Many people think that the rich are able to weasel their way out of taxes, but they actually pay an overwhelming majority of the taxes in the United States.

What's more, their share of the tax burden is increasing.
The top 10 percent of taxpayers paid over 70% of the total amount collected in federal income taxes in 2010, the latest year figures are available, according to the Tax Foundation, a think tank that advocates for lower taxes. That's up from 55% in 1986.
The remaining 90% bore just under 30% of the tax burden. And 47% of all Americans pay hardly anything at all -- a fact that got Republican presidential candidate Mitt Romney into political hot waterlast year.

You ever think that they pay most of the taxes because they make most of the money? I know that sounds silly to say on the face of it but think about it. The numbers of people paying don't matter, its based on how much money is made and since everyone else's wages are stagnant then it stands to reason they are paying a larger percentage than last year. That's who made all the money.

[Captain Obvious]

[Bob]

You ever think that they pay most of the taxes because they make most of the money? I know that sounds silly to say on the face of it but think about it. The numbers of people paying don't matter, its based on how much money is made and since everyone else's wages are stagnant then it stands to reason they are paying a larger percentage than last year. That's who made all the money.

Well, you believe the 47 percent don't deserve to pay for what they get then.

[Dr. Who]

And enjoy being thieves.

http://money.cnn.com/2013/03/12/news...my/rich-taxes/
Many people think that the rich are able to weasel their way out of taxes, but they actually pay an overwhelming majority of the taxes in the United States.

What's more, their share of the tax burden is increasing.
The top 10 percent of taxpayers paid over 70% of the total amount collected in federal income taxes in 2010, the latest year figures are available, according to the Tax Foundation, a think tank that advocates for lower taxes. That's up from 55% in 1986.
The remaining 90% bore just under 30% of the tax burden. And 47% of all Americans pay hardly anything at all -- a fact that got Republican presidential candidate Mitt Romney into political hot waterlast year.

That only means that half of the population doesn't earn enough to exceed the basic personal exemptions which are based on the the minimal amount of money someone would need to get by at a subsistence level, plus any other deductions to which they are entitled based on the Internal Revenue Code. That doesn't mean that they are not paying consumption taxes and property taxes which are not progressive. A single flat tax that excludes consumption taxes, property taxes and social benefit contributions would actually be more equitable, but it would not favor the wealthy because proportionately under the current system, the poor pay out more of their income in taxes than the rich. For the poor, they are paying out percentages of pre-taxed income which includes deductions for social benefits on consumables and other taxes, thus their net pay, which has already been reduced by significant amounts is ultimately far more reduced than that of the wealthy. That is because while income tax is geared to income, social benefit contributions are subject to maximums and consumption and property taxes are not progressive. So a wage earner making less than $117K per year loses far more of their relative income than the wealthy, before they even get paid.

[zelmo1234]

thank God for the top 10% they are carrying the weight.

The truth is the left has a robin hood complex when it comes to the rich. And they darn sure would rather have the poor stay on the system, and the government take form the rich to keep them there, that for the poor person get a job and start moving up the ladder

We have reached a point that it is totally unsustainable. There is NO possible way that 53% can pay the bills for all. so we have to get the percentage of people not paying income tax back down to around 30%