Tax The Rich? 14 Facts You May Want To Consider

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    Jul 20, 2011 2:14 AM GMT
    Full article too large to post.

    http://endoftheamericandream.com/archives/tax-the-rich-14-facts-you-may-want-to-consider

    #1 The top 1 percent of all income earners already pay 39.5 percent of all federal income taxes.

    #2 When you take all forms of federal taxation into account, the top 1 percent of all income earners pay 28.1 percent of all federal taxes.

    #3 The top 20 percent of all income earners in the United States pay approximately 86 percent of all federal income taxes.

    #4 One recent poll found that 64 percent of Americans are in favor of raising taxes on those that make $250,000 or more a year in order to help balance the federal budget deficit. Another recent poll found that 72 percent of Americans favor raising taxes on those making $250,000 or more a year.

    #5 Approximately 45 percent of all U.S. households pay absolutely no income taxes at all.

    #6 Overall, U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. This is clearly not anywhere close to sustainable.

    #7 During 2010, the U.S. government paid out a combined $2.3 trillion in unemployment benefits, Social Security benefits, disability insurance, Medicare benefits, Medicaid benefits, benefits for veterans, education assistance and other direct transfers of cash from the government to individual citizens.

    #8 59 percent of all Americans now receive a government payout of one form or another.

    #9 The ultra-wealthy keep much of their wealth outside of the United States so that the government cannot tax it. It has been estimated that a third of all the wealth in the world is held in "offshore" banks.

    #10 Thanks to new corporate tax cuts in Japan, the United States now has the highest corporate tax rate in the developed world.

    #11 Large corporations have become masters at avoiding taxes. Back in the 1950s, corporate taxes accounted for about 30 percent of all federal revenue, but in 2009 corporate taxes accounted for just 6.6 percent.

    #12 General Electric has been a great friend to the Obama administration. According to the New York Times, General Electric made a total of 14.2 billion dollars in profits last year. So how much did they pay in taxes to the U.S. Treasury? According to the New York Times, not one penny was paid.

    #13 Even though Boeing receives billions in federal subsidies every year and even though it has a bunch of juicy government contracts it did not pay a single penny in federal corporate income taxes from 2008 to 2010.

    #14 Exxon-Mobil paid $15 billion in taxes in 2009, but not a single penny went to the U.S. government. Meanwhile, their CEO brought in over 29 million dollars in total compensation that year.
  • Posted by a hidden member.
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    Jul 20, 2011 2:52 AM GMT
    Do you investigate any of the sites you post from?

    The author of this little piece of tripe is an "end-time" Christian who is apparently trying to scare people into buying gold and silver coins. Even if some of what is included in this rant is true, it a) contradicts itself (we must lower the corporate tax rate despite these huge companies paying no taxes?) and b) is being written by a lunatic. icon_lol.gif
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    Jul 20, 2011 2:55 AM GMT
    Christian73 saidDo you investigate any of the sites you post from?

    The author of this little piece of tripe is an "end-time" Christian who is apparently trying to scare people into buying gold and silver coins. Even if some of what is included in this rant is true, it a) contradicts itself (we must lower the corporate tax rate despite these huge companies paying no taxes?) and b) is being written by a lunatic. icon_lol.gif

    I take the facts wherever they come from. I would only attack the sources if I can't dispute the facts, themselves.
  • Webster666

    Posts: 9217

    Jul 20, 2011 3:03 AM GMT
    #4 One recent poll found that 64 percent of Americans are in favor of raising taxes on those that make $250,000 or more a year in order to help balance the federal budget deficit.

    Another recent poll found that 72 percent of Americans favor raising taxes on those making $250,000 or more a year.

    ------------So, which was it, 64% or 72% ?


    #14 Exxon-Mobil paid $15 billion in taxes in 2009, but not a single penny went to the U.S. government.

    ------------So, to whom did they pay the $15 billion in taxes ?
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    Jul 20, 2011 8:28 AM GMT
    socalfitness said
    Christian73 saidDo you investigate any of the sites you post from?

    The author of this little piece of tripe is an "end-time" Christian who is apparently trying to scare people into buying gold and silver coins. Even if some of what is included in this rant is true, it a) contradicts itself (we must lower the corporate tax rate despite these huge companies paying no taxes?) and b) is being written by a lunatic. icon_lol.gif

    I take the facts wherever they come from. I would only attack the sources if I can't dispute the facts, themselves.


    I'm perpetually amazed at how credulous you are.
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    Jul 20, 2011 9:40 AM GMT
    I have read many of the same facts from other sources (Bloomberg.com, The Economist).

    There is no doubt that high income earners pay a disproportionate amount of the income tax in the US, that is why I think the President is stretching things a bit when he says they need to pay their fair share. The honest answer would have been the US is going broke and needs more revenue, and the high income earners can afford to pay more.

    Regardless of what happens in the next two weeks, I cannot see the US getting out of the fiscal crunch it is in, without increasing revenues significantly (however that may happen). The radical reform of Medicare, Medicaid and Social Security will be a very tough sell politically, and there is just not enough money in other areas of the government to solve the problem.

    I know the GOP thinks that tax cuts will generate increased revenues through greater economic activity, but there are two economic headwinds going forward that will stunt growth. American consumers are still trying to dig themselves out of a debt whole (built up over many years of over consumption), and aging demographics will stunt growth (people in their 70s, 80s and 90s do not spend as much, and are not participating in the workforce).

    The US citizen will likely be in the same boat as Europeans, Japanese and Canadians. They will have to pay more and get less. Almost makes me feel sorry for the politicians who have to sell this message.

  • GQjock

    Posts: 11649

    Jul 20, 2011 11:06 AM GMT
    Who's raising taxes?

    They're set to expire anyway
    YOU NEED TO MAKE LAW TO CONTINUE FOR THEM TO BE CUT

    Stop with your Marching orders from Grover Norquist
    You wanna be serious about cutting the Deficit? Then cut the crap
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    Jul 20, 2011 11:14 AM GMT
    surreallife saidI have read many of the same facts from other sources (Bloomberg.com, The Economist).

    There is no doubt that high income earners pay a disproportionate amount of the income tax in the US, that is why I think the President is stretching things a bit when he says they need to pay their fair share. The honest answer would have been the US is going broke and needs more revenue, and the high income earners can afford to pay more.....

    The only substantive comment in the thread.
  • rnch

    Posts: 11524

    Jul 20, 2011 11:20 AM GMT
    surreallife saidI have read many of the same facts from other sources (Bloomberg.com, The Economist)...



    which "facts" have you read on Bloomberg.com and The Economist?


    numbers 4 and 14 are already suspect....
  • rnch

    Posts: 11524

    Jul 20, 2011 11:58 AM GMT
    TigerTim said
    socalfitness said
    Christian73 saidDo you investigate any of the sites you post from?

    The author of this little piece of tripe is an "end-time" Christian who is apparently trying to scare people into buying gold and silver coins. Even if some of what is included in this rant is true, it a) contradicts itself (we must lower the corporate tax rate despite these huge companies paying no taxes?) and b) is being written by a lunatic. icon_lol.gif

    I take the facts wherever they come from. I would only attack the sources if I can't dispute the facts, themselves.


    I'm perpetually amazed at how credulous you are.





    and i'm amazed at how desperate socialfitness and the other GOP/teabaggers are becoming to "toe the company line" and perpetuate their lies and partial truths.
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    Jul 20, 2011 12:40 PM GMT
    rnch said
    TigerTim said
    socalfitness said
    Christian73 saidDo you investigate any of the sites you post from?

    The author of this little piece of tripe is an "end-time" Christian who is apparently trying to scare people into buying gold and silver coins. Even if some of what is included in this rant is true, it a) contradicts itself (we must lower the corporate tax rate despite these huge companies paying no taxes?) and b) is being written by a lunatic. icon_lol.gif

    I take the facts wherever they come from. I would only attack the sources if I can't dispute the facts, themselves.


    I'm perpetually amazed at how credulous you are.





    and i'm amazed at how desperate socialfitness and the other GOP/teabaggers are becoming to "toe the company line" and perpetuate their lies and partial truths.


    +1
    Sad, pathetic, and UNAMERICAN!
  • Posted by a hidden member.
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    Jul 20, 2011 12:41 PM GMT
    rnch saidand i'm amazed at how desperate socialfitness and the other GOP/teabaggers are becoming to "toe the company line" and perpetuate their lies and partial truths.

    Why can't you be specific and refute those "lies and partial truths" specifically? Based on your history of content-free messages, I'm quite convinced that if you were in the same room debating many of these "desperate" people, in terms if facts, logic, and analytical capabilities, you wouldn't do very well at all.
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    Jul 20, 2011 12:44 PM GMT
    TigerTim said
    socalfitness said
    Christian73 saidDo you investigate any of the sites you post from?

    The author of this little piece of tripe is an "end-time" Christian who is apparently trying to scare people into buying gold and silver coins. Even if some of what is included in this rant is true, it a) contradicts itself (we must lower the corporate tax rate despite these huge companies paying no taxes?) and b) is being written by a lunatic. icon_lol.gif

    I take the facts wherever they come from. I would only attack the sources if I can't dispute the facts, themselves.


    I'm perpetually amazed at how credulous you are.


    wait, what he´s saying is that he only tries to work out if something is true or not if he disagrees with it. If he agrees he just accepts whatever he´s told.
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    Jul 20, 2011 12:48 PM GMT
    Lostboy said
    TigerTim said
    socalfitness said
    Christian73 saidDo you investigate any of the sites you post from?

    The author of this little piece of tripe is an "end-time" Christian who is apparently trying to scare people into buying gold and silver coins. Even if some of what is included in this rant is true, it a) contradicts itself (we must lower the corporate tax rate despite these huge companies paying no taxes?) and b) is being written by a lunatic. icon_lol.gif

    I take the facts wherever they come from. I would only attack the sources if I can't dispute the facts, themselves.


    I'm perpetually amazed at how credulous you are.

    wait, what he´s saying is that he only tries to work out if something is true or not if he disagrees with it. If he agrees he just accepts whatever he´s told.

    Just to clarify, I was generally aware of the facts based on multiple sources, not just media reports. So when I saw them collected on a specific site, I was not concerned about the people or organizations behind the site.
  • rnch

    Posts: 11524

    Jul 20, 2011 1:24 PM GMT
    socalfitness said
    rnch saidand i'm amazed at how desperate socialfitness and the other GOP/teabaggers are becoming to "toe the company line" and perpetuate their lies and partial truths.

    Why can't you be specific and refute those "lies and partial truths" specifically? Based on your history of content-free messages, I'm quite convinced that if you were in the same room debating many of these "desperate" people, in terms if facts, logic, and analytical capabilities, you wouldn't do very well at all.




    this reply coming from someone who doesn't even take the time (or doesn't care) to make sure the source he is quoting as validity for his opinions is a creditable, reliable, acceptable source of accurate information??


    whoahhh..."Someone's" getting Defensive and Desperate!



    icon_lol.gif
  • rnch

    Posts: 11524

    Jul 20, 2011 1:37 PM GMT
    socalfitness said
    Lostboy said
    TigerTim said
    socalfitness said
    Christian73 saidDo you investigate any of the sites you post from?

    The author of this little piece of tripe is an "end-time" Christian who is apparently trying to scare people into buying gold and silver coins. Even if some of what is included in this rant is true, it a) contradicts itself (we must lower the corporate tax rate despite these huge companies paying no taxes?) and b) is being written by a lunatic. icon_lol.gif

    I take the facts wherever they come from. I would only attack the sources if I can't dispute the facts, themselves.


    I'm perpetually amazed at how credulous you are.

    wait, what he´s saying is that he only tries to work out if something is true or not if he disagrees with it. If he agrees he just accepts whatever he´s told.

    Just to clarify, I was generally aware of the facts based on multiple sources, not just media reports. So when I saw them collected on a specific site, I was not concerned about the people or organizations behind the site.





    No shiote, Sherlock!




    icon_rolleyes.gif



    as long as it backs up your dogma, you don't care who or what the source is, hey?


    typical GOP "spin"



    icon_lol.gif
  • Posted by a hidden member.
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    Jul 20, 2011 1:48 PM GMT
    rnch said
    socalfitness said
    rnch saidand i'm amazed at how desperate socialfitness and the other GOP/teabaggers are becoming to "toe the company line" and perpetuate their lies and partial truths.

    Why can't you be specific and refute those "lies and partial truths" specifically? Based on your history of content-free messages, I'm quite convinced that if you were in the same room debating many of these "desperate" people, in terms if facts, logic, and analytical capabilities, you wouldn't do very well at all.

    this reply coming from someone who doesn't even take the time (or doesn't care) to make sure the source he is quoting as validity for his opinions is a creditable, reliable, acceptable source of accurate information??

    whoahhh..."Someone's" getting Defensive and Desperate!
    icon_lol.gif

    I think your comprehension is suspect. As I clearly stated in the other message, I knew the facts to be correct. They happened to be collected in one convenient place, so I used that place. I could have provided links for the individual facts to original source documents, generally government or non-partisan sources, but for guys like me, that wasn't necessary because they also know the facts. But for guys like you, it would have been a waste of time because you are too lazy to seek anything other than propaganda.
  • Posted by a hidden member.
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    Jul 20, 2011 2:01 PM GMT
    socalfitness said
    rnch said
    socalfitness said
    rnch saidand i'm amazed at how desperate socialfitness and the other GOP/teabaggers are becoming to "toe the company line" and perpetuate their lies and partial truths.

    Why can't you be specific and refute those "lies and partial truths" specifically? Based on your history of content-free messages, I'm quite convinced that if you were in the same room debating many of these "desperate" people, in terms if facts, logic, and analytical capabilities, you wouldn't do very well at all.

    this reply coming from someone who doesn't even take the time (or doesn't care) to make sure the source he is quoting as validity for his opinions is a creditable, reliable, acceptable source of accurate information??

    whoahhh..."Someone's" getting Defensive and Desperate!
    icon_lol.gif

    I think your comprehension is suspect. As I clearly stated in the other message, I knew the facts to be correct. They happened to be collected in one convenient place, so I used that place. I could have provided links for the individual facts to original source documents, generally government or non-partisan sources, but for guys like me, that wasn't necessary because they also know the facts. But for guys like you, it would have been a waste of time because you are too lazy to seek anything other than propaganda.


    lol, Socal I remember well a time when I quoted an article that was quotes from one of your major financial newspapers, from a website that had a secondary tie some communist org and you went rank.

  • rnch

    Posts: 11524

    Jul 20, 2011 2:19 PM GMT
    meninlove said...lol, Socal I remember well a time when I quoted an article that was quotes from one of your major financial newspapers, from a website that had a secondary tie some communist org and you went rank.




    i recall that episode also!


    lord piffer doesn't like it when us "Mere Mortals" had the temerity to question his ducal pronouncements.

    he is NOT interested in what "the great unwashed masses" have to say.



    icon_lol.gif
  • Posted by a hidden member.
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    Jul 20, 2011 2:28 PM GMT
    meninlove said
    lol, Socal I remember well a time when I quoted an article that was quotes from one of your major financial newspapers, from a website that had a secondary tie some communist org and you went rank.

    I don't know that I "went rank", but I did point out the sites you apparently visit. In this case, I make no apologies for the site I used. The only thing wrong with that site is its unpopularity with some here. All that said, the facts are clearly supportable from other, neutral sources.

    Another RJ member in this thread has stated he is a public employee and has previously raised questions about being on RJ while at work. If he as at work today, I think this thread is contributing to his degree of productivity, but he probably doesn't need to worry. Other statistics show public employees are almost never fired.
  • Bigolbear

    Posts: 528

    Jul 20, 2011 2:38 PM GMT
    southbeach1500 said
    catfish5 said
    rnch said
    TigerTim said
    socalfitness said
    Christian73 saidDo you investigate any of the sites you post from?

    The author of this little piece of tripe is an "end-time" Christian who is apparently trying to scare people into buying gold and silver coins. Even if some of what is included in this rant is true, it a) contradicts itself (we must lower the corporate tax rate despite these huge companies paying no taxes?) and b) is being written by a lunatic. icon_lol.gif

    I take the facts wherever they come from. I would only attack the sources if I can't dispute the facts, themselves.


    I'm perpetually amazed at how credulous you are.





    and i'm amazed at how desperate socialfitness and the other GOP/teabaggers are becoming to "toe the company line" and perpetuate their lies and partial truths.


    +1
    Sad, pathetic, and UNAMERICAN!

    -2


    +

    icon_wink.gif
  • rnch

    Posts: 11524

    Jul 20, 2011 2:41 PM GMT
    socalfitness said...Another RJ member in this thread has stated he is a public employee and has previously raised questions about being on RJ while at work. If he as at work today, I think this thread is contributing to his degree of productivity, but he probably doesn't need to worry. Other statistics show public employees are almost never fired.


    the "public employee" is drawing temporary disability pay, at home, recovering from a MRSA staph infection that was given to him during a workman's comp knee surgery.

    (the above paragraph should drive socal, riddler and southbeach jane into Mouth-Foaming Fits of Fury! a "public employee" receiving "free" medcal care and "free" money!!)


    icon_lol.gif
  • Posted by a hidden member.
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    Jul 20, 2011 2:47 PM GMT
    Actually Socal, you did go rank, first claiming the site was communist (which it wasn't directly) and then stating you were 'out of here' when anything from a vaguely communist site was used.

    I was very clear in stating the reason I used it was the content of the article, which were again, quotes from a major financial US newspaper.


  • Posted by a hidden member.
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    Jul 20, 2011 2:50 PM GMT
    meninlove said Actually Socal, you did go rank, first claiming the site was communist (which it wasn't directly) and then stating you were 'out of here' when anything from a vaguely communist site was used.

    I was very clear in stating the reason I used it was the content of the article, which were again, quotes from a major financial US newspaper.

    LOL. It was from the American Communist Party - that's indirect? Had wondered why you were hanging around that site?
  • Posted by a hidden member.
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    Jul 20, 2011 2:53 PM GMT
    rnch said
    socalfitness said...Another RJ member in this thread has stated he is a public employee and has previously raised questions about being on RJ while at work. If he as at work today, I think this thread is contributing to his degree of productivity, but he probably doesn't need to worry. Other statistics show public employees are almost never fired.


    the "public employee" is drawing temporary disability pay, at home, recovering from a MRSA staph infection that was given to him during a workman's comp knee surgery.

    (the above paragraph should drive socal, riddler and southbeach jane into Mouth-Foaming Fits of Fury! a "public employee" receiving "free" medcal care and "free" money!!)


    icon_lol.gif

    You think wrong in my case. I think many of the public employee benefits are too generous when compared to that of private employees, but it was negotiated and you have every right to it. I do wish you a speedy recovery.