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p.s. the figures you've posted are from 2003, nothing more current? hint, more current data shows the rich pay even a higher percentage of taxes, is that why you didnt use them?
Its already known that the top percentages (I prefer not to use the term "rich" because you can be in that tier and still NOT be "rich") pays the most in taxes... the poor to middle class benefits the MOST in terms of government public services... so are the middle class pulling their own weight? Of course not... but then they do work hard and spent most of what they have... Do the middle class make enough? Relative to the higher paid occupations, they certainly do... but compared to celebrities, athletes, CEOs... not even close... the problem is that people are too BLIND to realize that the top few percentages are not all celebrities, athletes, and so forth making millions of dollars a year, but the successful American who earns way less is lumped into that bunch and taxed to Hell (while the celebrities and athletes hide their money offshore to the delight of democrats)... I always advocated another tax bracket to separate successful American entrepreneurs and the outrageously wealthy... but democrats don't want to upset their principal media spokesperson or their big donors...
That is not what I hear at all. They have said that ther upper income grouo has beeen increasingly paid a larger and larger share of tax revenues. That its a spending problem. Bascvailly that the governamnt has continue to take a ever increase share of GDP form the private sector which includes the middle class to.Kind of read my lips: Its a spending problem and now has grown into a borrowing problem.Tax more and spend even more.
It's absurd to claim the middle class don't pay their fair share of taxes in this country. Not to mention, I don't for the life of me understand why Republicans keep wanting to go after the middle class and use us as scapegoats. How about instead, we make gigantic corporations like G.E. pay their fair share of taxes.
"Some of the world's biggest, most profitable corporations enjoy far lower tax rates than you do -- if they pay taxes at all.
The most egregious example is General Electric. Last year the conglomerate generated $10.3 billion in pretax income but ended up owing nothing to Uncle Sam.. .GE can defer taxes on [their] overseas income indefinitely."
Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.
I find that offensive beyond belief. We need to find a way to prevent U.S. corporations from sheltering their income in overseas accounts, where other governments get their tax dollars and we never see a dime.
Why aren't Republicans screaming and hollering about that, instead of nickle and diming the middle class over 3% or 5% of $50,000, when $15 BILLION dollars in potential tax revenue is leaving our borders from just ONE corporation? All the proposed increases for all the union members in every state in this country doesn't even scratch the surface of how much tax revenue is being stolen from this country by Big Corporations.
Of course, giant corporations are the WORSE offenders, they are the ones who actually send in lobbyist to WRITE laws on the matter.... do you still like Apple, Microsoft, Bank of America, whatever "brand name" clothes you are wearing/buying, Walmart, Target, Macy's, Taco Bell, Oracle, etc etc. How can you hate these corporations for evading taxes and still buy from them?? Its much more than billions of dollars in lost revenue, the truth is that it is likely in the trillions...
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