Who's really paying tax in this country???

[-SD-]

I pay taxes, digi can attest for sure

 

[billfred]

I pay taxes, digi can attest for sure

fucking 1% er

 

[digimon7068]

I pay taxes, digi can attest for sure

you probably won't this year, though...provided that your partnership cums to fruition.

 

[SpyWizard]

What is not stated is that said 1%'ers feel the loss less than low to middle incomes. When one is earning 1.5 million/year, does one feel a 36% loss of income vs a household earning 40K/year that loses only 20%. The answer is obvious. The top household might have to vacation in the Florida Keys instead of the Cayman Islands whereas the middle/low household might have to carpool because it's either gas money or food on the table.

It's a matter of perspective. Oh...and I'm going to trust everything the gov't throws out to me as gospel...especially when coming from a department headed up by Geithner ( a former Wall Streeter himself...such an incestuous relationship the corporate/govt machine.).

sd, with that logic, we should push the price of gas to .99 cents per gallon and let the 1% pay any difference, that would give the greatest fastest relief to the "Poor" and middle class.. and effect the bottom line of more americans than any other thing..

 

[simply dave]

sd, with that logic, we should push the price of gas to .99 cents per gallon and let the 1% pay any difference, that would give the greatest fastest relief to the "Poor" and middle class.. and effect the bottom line of more americans than any other thing..

Hmmm...nope. The game is rigged. The "market" is controlled, subsidized, and directed through the corporatocracy called the US government in favor of the wealthy. We are witnessing an ever increasing schism between the wealthy and poor with the middle class shrinking.

We already have price controls on gasoline (and far too many other commodities for that matter). What we don't need is more regulation to favor the wealthy.

Quite frankly, I think we're too far down this road to turn around. It's going to take drastic (and most likely violent) measures to effect a change now.

 

[digimon7068]

Hmmm...nope. The game is rigged. The "market" is controlled, subsidized, and directed through the corporatocracy called the US government in favor of the wealthy. We are witnessing an ever increasing schism between the wealthy and poor with the middle class shrinking.

We already have price controls on gasoline (and far too many other commodities for that matter). What we don't need is more regulation to favor the wealthy.

Quite frankly, I think we're too far down this road to turn around. It's going to take drastic (and most likely violent) measures to effect a change now.

the market is controlled...by artificially low interest rates...subsidized by the chinese...provided they keep buying our paper...the day that they quit buying our paper, interest rates will go up and the market will be more fucked up than it is right now.

 

[Mr. dB]

According to statistics released yesterday by the Department of Treasury, during 2008 and 2009 (the Department is a little behind the times...it's the goverment ), the upper one-fifth of US households paid 67.9% percent of the total federal taxes, the lower one-fifth paid 0.3% of the total federal taxes and the one-fifth in the middle paid 9.4% of the total federal taxes.

Further, during the economic downturn, the top 1% of households suffered the greatest losses in income (a 36% decrease), over the period from 2007 through 2009.

Finally, the overall average effective federal tax rates of 18% in 2008 and 17.4% in 2009 were the lowest during the 30-year period from 1979 through 2009.

Sometimes fact is stranger than fiction, yes??

That upper 1/5th also owns over 97% of total assets in America.

 

[digimon7068]

That upper 1/5th also owns over 97% of total assets in America.

my statistics came from the department of treasury and yours came from......???

 

[brownbrown]

Federal taxes are a small part of the system. Payroll/ state and local taxes/sales taxes are a huge part.

 

[digimon7068]

Federal taxes are a small part of the system. Payroll/ state and local taxes/sales taxes are a huge part.

but, federal tax and who is actually paying it, is a hotly debated topic everywhere...and the department of treasury report is clearly at odds with the liberal rhetoric.