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For those who keep claiming that high income earners are not paying their fair share
Data for calendar year 2003 released in October 2005 by the Internal Revenue Service. The share of total income taxes paid by the top 1% of wage earners rose to 34.27% from 33.71% in 2002. Their income share (not just wages) rose from 16.12% to 16.77%. However, their average tax rate actually dropped from 27.25% down to 24.31%
*Data covers calendar year 2003, not fiscal year 2003
- and includes all income, not just wages, excluding Social Security http://www.rushlimbaugh.com/spc.gif (broken link)
I think that last year was the first time in the history of this country* where more than 50% of the population did not pay ANY income taxes. That is seriously troubling to me since it means a majority can keep on voting themselves free stuff from the minority. That doesn't seem very fair to me.
*correction: Since the income tax was passed.
Last edited by Bostonian123; 03-28-2009 at 06:17 PM..
People paying more in taxes are not sacraficing or having trouble making ends meet with their basic bills. Did they give up vacations to pay that tax bill? Did they give up other luxuries?
The average american family makes $56K a year. Savings has dwindled among the middle income brackets? Why.. because they are treading water to pay for the roof over their head and their other neccesities. They are slowly slipping into the "poor" category.
ONce you hit a certain income level you have expendable income that allows your money to grow and your wealth to grow... and that is awesome. So you can meet your tax obligation, put the food on the table and still have expendable income.
Middle income families are treading water.
Again.. it's NOT about the dollar amount.. it's about the burden.
I don't hear anyone in the top brackets willing to lower their bracket simly because they are paying more in taxes? I would gladly be in the top brackets even if that means I'm paying more money to the government.. because in the end, I'd be living much better than the middle and of course the poor, I'd have expendable income for other investment options, I would also be able to use that expendable income to shelter some of my income.. and again.. I could have money making me money because all of it wouldn't be coming in one hand and going immediately out the other just to get by.
I'm not trying to say what you are saying is not true.. BUT.. I would gladly trade being in the middle tax bracket to being in the upper tax brackets any day. I would be happy to be paying that tax because it would mean I'd have much more than I did when i was barely scraping by at the lower bracket.. do you know what I mean?
I think that last year was the first time in the history of this country where more than 50% of the population did not pay ANY income taxes. That is seriously troubling to me since it means a majority can keep on voting themselves free stuff from the minority. That doesn't seem very fair to me.
That's their proof the system works... needing capital to start businesses and make jobs, what's that?
your nickname tells me alot, what will you do when there is not anymore people for you to steal money from in the form of taxation?
what will you do when there is no more a way to fund the liberal failure experiment?
You're funny. The only people "stealing" anything are the people who pay the most taxes. And most of them pay less tax than I do. They have the loopholes. I don't.
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