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Old 01-05-2012, 02:36 PM
 
41,606 posts, read 22,797,710 times
Reputation: 20587

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Quote:
Originally Posted by padcrasher View Post
LOL ...the Zombie lie that 40% of American pay no taxes!......LOL

I told the forum this bogus lie comes up weekly........Cha-ching!


Utter ignorance or blatant dishonesty? .............You decide.
You're right it is a lie.

The truth from the IRS data per 2008 is...

http://www.taxfoundation.org/UserFiles/Image/Blog/blog20090729-chart1.jpg (broken link)

Summary of Latest Federal Individual Income Tax Data, 1980 - 2008
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Old 01-05-2012, 02:38 PM
 
3,457 posts, read 3,471,482 times
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Quote:
Originally Posted by DRob4JC View Post
You're right it is a lie.

The truth from the IRS data per 2008 is...



Summary of Latest Federal Individual Income Tax Data, 1980 - 2008
This is a good example of income inequality; even as the tax rate for the top 1% has fallen, their share of taxes paid has increased due to their increased share of the national income.
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Old 01-05-2012, 02:44 PM
 
Location: OH->FL->NJ
16,317 posts, read 11,399,145 times
Reputation: 8349
Sigh I love how people conveniently forget about SS, medicare and sales taxes(and others to varying degrees) when they say so many people pay no tax.

Then we get crazy hyperbole about being socialists/marxists. It comes down to balance. Something few here want to recognize.
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Old 01-05-2012, 02:46 PM
 
9,856 posts, read 14,644,916 times
Reputation: 5468
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
This is a good example of income inequality; even as the tax rate for the top 1% has fallen, their share of taxes paid has increased due to their increased share of the national income.
You are right, which is why we need to limit benefits in terms of social welfare. The top income earners in this country work 70-90 hour weeks to get where they are, while the lower income earners protest against 40 hour work weeks!

Hard work and ambition gets a person to the top, and social welfare programs incentivize a person to not be ambitious.
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Old 01-05-2012, 02:46 PM
 
Location: Fort Worth Texas
12,481 posts, read 9,813,681 times
Reputation: 2534
Quote:
Originally Posted by Motion View Post
Income inequality is being talked about alot nowdays but what do those who want to end it want exactly? Do they want all people to have equal incomes regardless of job skills and profession? Should an architect and brick layer earn the same to make them equal?

If income equality is the goal then what exactly does that mean and look like?
when you are a socialist
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Old 01-05-2012, 02:50 PM
 
3,457 posts, read 3,471,482 times
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Quote:
Originally Posted by hnsq View Post
You are right, which is why we need to limit benefits in terms of social welfare. The top income earners in this country work 70-90 hour weeks to get where they are, while the lower income earners protest against 40 hour work weeks!
Sounds like a naive assumption to me.

Quote:
Hard work and ambition gets a person to the top, and social welfare programs incentivize a person to not be ambitious.
Nah. Hard work just gets you a paycheck. Getting loans from the fed gets you to the top.
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Old 01-05-2012, 03:04 PM
 
Location: Holiday, FL
1,571 posts, read 1,923,978 times
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From what I've been hearing, few of those that have been doing all the talking about "income inequity" really understand what it is. And, without a clear definition, they can not come up with an intelligent solution. They'll jump onto a conclusion and ride it over a cliff.

Income inequity is when the rise in the level of income does not keep pace with the increasing cost of the goods and services that are essential to survival. Some examples are:

In 1966, when I first began working, I was making $8,000 a year, and paying 17 cents a gallon for gas. Today's income for that same type of work is about $40,000 a year. But, the cost of gasoline has gone up to $3.599 the last I checked. So income has only gone up 500% in the last 45 years, but gasoline has gone up 2117% in that same time period. Look at insurance rates, housing costs, food prices, etc. In every sector, with every example, expenses have outpaced income. There is your income inequity.

In order not to have the economy bubble burst (during the Bush Administration), you would have to maintain the same ratio of income to expenses. That means that the average, middle class American should be making between $150,000 and $250,000 a year today.

To further contribute to income inequity, executive income has gone up some 600% over the last twenty years, between 1990 and 2010. So, the executive that was only making $60,000 in 1990 was making $360,000 in 2010. Then, add in their "Golden Parachutes" on top of that. So, it's not the banking industry that's to blame, and it wasn't "bad loans" that were at the bottom of the current economy. We've been coming to this point for the last 50 years that I know of.

I was talking about these statistics 15 years ago, when the term "income inequity" had not yet been coined. I was first alerted to it in the early "80s by a guy that died in 1987 in his mid eighties. He was able to recognize the trend and see it coming before many of you were born. On another forum, I have a "signature line"...

3,000 years ago, it was said:

Destroy the cities and they will be rebuilt.
Destroy the farms and grass will grow in the streets of the cities.

Today, destroy the economy of the blue-collar worker,
And, grass will grow in the executive suites.

The BILL has come due.

In order to reverse the trend that created the income inequity, it will take a complete restructuring of the tax codes to make it favorable for industry to pay better wages and discourage executive greed. I don't see that coming yet.
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Old 01-05-2012, 03:05 PM
 
Location: Holiday, FL
1,571 posts, read 1,923,978 times
Reputation: 1159
Just one more thing. Social programs are not the answer. They might even make the problem even worse. Income inequity was a problem decades ago, but didn't come to a head until recently.
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Old 01-05-2012, 03:09 PM
 
1,081 posts, read 881,163 times
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Libs think its a problem because they want to give $$$ away to the lame and lazy in amounts that exceeds middle income wage earners.
Sick people.
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Old 01-05-2012, 03:10 PM
 
13,180 posts, read 14,357,499 times
Reputation: 4547
Quote:
Originally Posted by hnsq View Post
So you disagree that over 40% of people in this country work and pay no income tax?

Educate me then. In 2011 it was 46%, specifically. If you disagree, prove me wrong instead of throwing around inane phrases and overusing periods.
Oh now he's changing his story!

.....Now he's qualified his lie by now admitting it's just INCOME taxes. ....LOL

The BIG LIE didn't work

So he's switching to the HALF TRUTH hoping that people will not look into what percentage of Federal Revenue is derived from payroll taxes!

All working Americans pay payroll taxes which account for virtually the same revenue as income taxes do.

http://thinkprogress.org/wp-content/...venueshare.png

And the middle class and poor working Americans pay a higher share of payroll taxes than they rich do because payroll taxes are capped at $110K per year.

I've seen this scam at least twenty times in this forum.......LOL

Last edited by padcrasher; 01-05-2012 at 03:26 PM..
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