Taxing the Wealthy (Obama, money, income, million)

[Amaznjohn]

Originally Posted by Magnulus

Anybody who bashes poor people, deserves to be poor. Just to prove that all it takes is "hard work", of course.

Been there, done that. And, yes, all it took was hard work with a little added ambition. If not for folks like Greatday and I, there would be many more poor folks.

[TKramar]

During Reagan's tenure, our nation went from one of the wealthiest nations to one of the most debt-laden nations. It was also during the 80's that our country started being bought up by English, German, and Japanese interests.

[TKramar]

money=power=government

[Fleet]

Originally Posted by TKramar

During Reagan's tenure, our nation went from one of the wealthiest nations to one of the most debt-laden nations.

Yes, due to Congress spending more than Reagan's proposals for 7 of the 8 years he was President.
Reagan was not joking when he said that Congress spends like "drunken sailors."

[18Montclair]

I dont mind paying more in taxes for the greater good(the greater good)

ever seen Hot fuzz?

[Amaznjohn]

Originally Posted by 18Montclair

I dont mind paying more in taxes for the greater good(the greater good)

ever seen Hot fuzz?

I don't know what Hot fuzz is but I do know that the phrase "the greater good" would make Karl Marx proud.

[TKramar]

Originally Posted by Fleet

Yes, due to Congress spending more than Reagan's proposals for 7 of the 8 years he was President.
Reagan was not joking when he said that Congress spends like "drunken sailors."

He signed the bills...just like George W. Bush.

[TKramar]

[CENTER]Individual Returns
[/CENTER]
Top 1 percent Adjusted Gross Income (AGI) break (TY 2005) [3,4]
[RIGHT][P] $364,657[/RIGHT]
Top 10 percent AGI break (TY 2005) [3,4]
[RIGHT][P] $103,912[/RIGHT]
Bottom 10 percent AGI break (TY 2005) [3,4]
[RIGHT][P] $5,700[/RIGHT]
Median AGI (TY 2005) [P] [3,4]
[RIGHT][P] $30,881[/RIGHT]
Percent claiming standard deductions (TY 2005) [3]
[RIGHT][P] 63.1%[/RIGHT]
Percent claiming itemized deductions (TY 2005) [3]
[RIGHT][P] 35.5%[/RIGHT]
Percent e-filed (TY 2006) thru 5/5/2007 [5]
[RIGHT]60.2%[/RIGHT]
Percent using paid preparers (TY 2005) [3]
[RIGHT][P] 59.6%[/RIGHT]
Number of returns with AGI $1M or more (TY 2005) [5]
[RIGHT]308,361[/RIGHT]
State with the highest number-California (TY 2005)
[RIGHT]47,366[/RIGHT]
State with the least number-North Dakota (TY 2005)
[RIGHT]254[/RIGHT]
Number of individual refunds (TY 2005) (millions) [3]
[RIGHT][P] 101.9[/RIGHT]
Individual refund amount (TY 2005) (billions of $) [3]
[RIGHT][P] $233.0[/RIGHT]
Average individual refund amount
[RIGHT][P] $2,287[/RIGHT]
Earned Income Tax Credit (TY 2005) [3]:
Number of returns with credit (millions)
[RIGHT][P] 22.8[/RIGHT]
Amount claimed (billions of $)
[RIGHT][P] $42.4[/RIGHT]




************************************************** **********************************
IRS Issues Winter 2006-2007 Statistics of Income Bulletin (http://www.irs.gov/newsroom/article/0,,id=168554,00.html - broken link)

[KantLockeMeIn]

Originally Posted by TKramar

Average individual refund amount
[RIGHT][P] $2,287[/RIGHT]

Wow.. that average refund kinda goes to show the average American knows little about finance. If you think giving the government an interest free loan of $2,287 each year is good practice, I've got some goods and services that I'd love to sell you.

[TKramar]

Originally Posted by twojciac

Wow.. that average refund kinda goes to show the average American knows little about finance. If you think giving the government an interest free loan of $2,287 each year is good practice, I've got some goods and services that I'd love to sell you.

I don't think it's a good idea...that's one of the reasons I OWE money this year. I'd rather keep my money week to week, and pay up at the end.