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#61
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an excellent read from the ACLU
"J. Clarke" wrote in message
in.local... In article , says... "Trevor" wrote in message ... "Pete Stavrakoglou" wrote in message ... Greece is in the state it's in because of government spending, overly generous government benefits, lack of adequate tax collection, Dead right there, just as the US would be OK *IF* they actually collected taxes from the rich and big corporations. It's certainly not the poor where most of the money went in either country! Trevor. Per my last post. The top 1% pay over 40% of all federal income taxes, the top 5% over 70% and te top 10% over 80%. Source? Source is the IRS, a little checking will turn it up http://www.irs.gov/taxstats/indtaxst...133521,00.html You can take all of the money rich people have and it would not put a dent in the deficit because our federal government has an insatiable appetite to spend. |
#62
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an excellent read from the ACLU
"tony cooper" wrote in message
... On Tue, 13 Dec 2011 08:41:46 -0500, "Pete Stavrakoglou" wrote: "Trevor" wrote in message ... "tony cooper" wrote in message news Governments do the buying with taxpayers money, taxpayers rarely have any say in it. The government employees who do the buying are, themselves, taxpayers. In fact, they are sharing the burden more than many since they are employed - usually at rather good salaries That's the problem, it's not their money they waste, and they usually have a far better life style than many others. and paying income taxes, property taxes, and taxes on purchases. Which is why they love flat taxes so much. The old days of progressive taxes where those who could afford it actually paid more, are just about gone unfortunately. The new paradigm is the richer you are, the better the accountant you can afford, shelf companies you can set up, family trusts you can utilise, off shore tax havens you can register, and the less tax you actually pay. The tax burdon now falls almost entirely on the middle class and poorest members of the community because they have no ability to escape it. Trevor. Your claim tha the burden falls on the middle class is wrong. 40% of all federal income taxes are paid by the top 1%, the top 5% pay over 70% of all federal income taxes, the top 10% pay over 80% of all federal income taxes. The validity of the claim depends on what you think "the burden" means. If you consider that the group paying the highest percentage of all income taxes paid has the burden, then the statement is wrong. If you consider that the group paying out the highest percentage of their income has the burden, then the statement is correct. There's no obfuscating on this. The "rich" pay their fair share while the bottom 50% of income earners pay zero federal income taxes. The top 10% of earners are shouldering the tax burden for 80% of the country. That is quite a "burden" no matter how you try to spin it. |
#63
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an excellent read from the ACLU
On Mon, 12 Dec 2011 23:03:10 -0500, tony cooper
wrote: On Tue, 13 Dec 2011 13:18:55 +1100, "Trevor" wrote: "PeterN" wrote in message ... As smart people know, you can't con an honest man, it takes a gun or government to rob him instead :-( Were they forced to buy? Governments do the buying with taxpayers money, taxpayers rarely have any say in it. The government employees who do the buying are, themselves, taxpayers. In fact, they are sharing the burden more than many since they are employed - usually at rather good salaries - and paying income taxes, property taxes, and taxes on purchases. In other words, its a money-go-round. But too few give value for money. Was there coercion? Regards, Eric Stevens |
#64
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an excellent read from the ACLU
"PeterN" wrote in message ... As smart people know, you can't con an honest man, it takes a gun or government to rob him instead :-( Were they forced to buy? Governments do the buying with taxpayers money, taxpayers rarely have any say in it. Was there coercion? Governments control the police force, armies, national guard, security agencies etc. How much more coercion do you need! :-) Here is the contest of my question/comment. Your Snipping clearly shows intellectual dishonesty? Your trying to change the subject to something I never commented on shows intellectual dishonesty. You said: " It was the US banks that sold them truck loads of worthless junk bonds though. Stupid of the Europeans to think US banks were motivated by anything other than outright greed though, which of course is what the Eurpopeans were also doing when they bought them! As smart people know, you can't con an honest man, it takes a gun or government to rob him instead..." that way the comment to which I asked my question. So you are happy to ignore the rest of what I have said in the thread, and yet complain about my snipping? Google is there for people who can't remember what was posted, and don't have their own copy. Snipping simply highlights what is actually being referred to. Your response to my question was a meaningless rant As opposed to your meaningless rant? Trevor. |
#65
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an excellent read from the ACLU
"tony cooper" wrote in message ... On Tue, 13 Dec 2011 08:41:46 -0500, "Pete Stavrakoglou" wrote: Governments do the buying with taxpayers money, taxpayers rarely have any say in it. The government employees who do the buying are, themselves, taxpayers. In fact, they are sharing the burden more than many since they are employed - usually at rather good salaries That's the problem, it's not their money they waste, and they usually have a far better life style than many others. and paying income taxes, property taxes, and taxes on purchases. Which is why they love flat taxes so much. The old days of progressive taxes where those who could afford it actually paid more, are just about gone unfortunately. The new paradigm is the richer you are, the better the accountant you can afford, shelf companies you can set up, family trusts you can utilise, off shore tax havens you can register, and the less tax you actually pay. The tax burdon now falls almost entirely on the middle class and poorest members of the community because they have no ability to escape it. Your claim tha the burden falls on the middle class is wrong. 40% of all federal income taxes are paid by the top 1%, the top 5% pay over 70% of all federal income taxes, the top 10% pay over 80% of all federal income taxes. The validity of the claim depends on what you think "the burden" means. If you consider that the group paying the highest percentage of all income taxes paid has the burden, then the statement is wrong. If you consider that the group paying out the highest percentage of their income has the burden, then the statement is correct. I seriuosly doubt it is correct in either case, and *certainly* not in Australia. But I do note he purposely limits the argument *solely* to "federal income taxes" and not TOTAL tax revenue, federal, state and local, which is the only meaningful statistic. Trevor. |
#66
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an excellent read from the ACLU
"Pete Stavrakoglou" wrote in message ... There's no obfuscating on this. The "rich" pay their fair share while the bottom 50% of income earners pay zero federal income taxes. The top 10% of earners are shouldering the tax burden for 80% of the country. That is quite a "burden" no matter how you try to spin it. *IF* it were actually true, *and* IF there were no other federal state and local taxes, levies, duties, excises etc. etc. then I might agree with you. Given the number of millionaires and billionares paying very little tax at all, it's hard to feel too sorry for them though. Still if they're paying so little, and it really is 80%, then it's no wonder the USA has such a deficit!!! And throwing mud at the Greeks is sort of glass house stuff :-) Trevor. |
#67
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an excellent read from the ACLU
"tony cooper" wrote in message ... On Tue, 13 Dec 2011 14:17:09 -0500, "Pete Stavrakoglou" wrote: Speaking of spin...the original statement deals with the middle class. What you have pointed out is that the *bottom* 50% of the wage earners pay no taxes. Bet they wish it were actually true! I know I do!!!! Trevor. |
#68
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an excellent read from the ACLU
"tony cooper" wrote in message ... Where do you get the idea that government employees love the flat tax approach? The high income ones you mentioned. It's the rich who keep pushing governments for lower progressive income tax and more flat taxes, and keep winning. Not all government employees are rich though, and there might even be one or two of the rich who aren't motivated by outright greed. Unfortunately nobody is listening to them. Trevor. |
#69
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an excellent read from the ACLU
"tony cooper" wrote in message
... On Tue, 13 Dec 2011 14:17:09 -0500, "Pete Stavrakoglou" wrote: "tony cooper" wrote in message . .. On Tue, 13 Dec 2011 08:41:46 -0500, "Pete Stavrakoglou" wrote: "Trevor" wrote in message ... "tony cooper" wrote in message news Governments do the buying with taxpayers money, taxpayers rarely have any say in it. The government employees who do the buying are, themselves, taxpayers. In fact, they are sharing the burden more than many since they are employed - usually at rather good salaries That's the problem, it's not their money they waste, and they usually have a far better life style than many others. and paying income taxes, property taxes, and taxes on purchases. Which is why they love flat taxes so much. The old days of progressive taxes where those who could afford it actually paid more, are just about gone unfortunately. The new paradigm is the richer you are, the better the accountant you can afford, shelf companies you can set up, family trusts you can utilise, off shore tax havens you can register, and the less tax you actually pay. The tax burdon now falls almost entirely on the middle class and poorest members of the community because they have no ability to escape it. Trevor. Your claim tha the burden falls on the middle class is wrong. 40% of all federal income taxes are paid by the top 1%, the top 5% pay over 70% of all federal income taxes, the top 10% pay over 80% of all federal income taxes. The validity of the claim depends on what you think "the burden" means. If you consider that the group paying the highest percentage of all income taxes paid has the burden, then the statement is wrong. If you consider that the group paying out the highest percentage of their income has the burden, then the statement is correct. There's no obfuscating on this. The "rich" pay their fair share while the bottom 50% of income earners pay zero federal income taxes. The top 10% of earners are shouldering the tax burden for 80% of the country. That is quite a "burden" no matter how you try to spin it. Speaking of spin...the original statement deals with the middle class. What you have pointed out is that the *bottom* 50% of the wage earners pay no taxes. I pointed out a lot more than that and I'm not the one trying to spin this one Tony, you are. |
#70
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an excellent read from the ACLU
"Trevor" wrote in message
... "tony cooper" wrote in message ... On Tue, 13 Dec 2011 08:41:46 -0500, "Pete Stavrakoglou" wrote: Governments do the buying with taxpayers money, taxpayers rarely have any say in it. The government employees who do the buying are, themselves, taxpayers. In fact, they are sharing the burden more than many since they are employed - usually at rather good salaries That's the problem, it's not their money they waste, and they usually have a far better life style than many others. and paying income taxes, property taxes, and taxes on purchases. Which is why they love flat taxes so much. The old days of progressive taxes where those who could afford it actually paid more, are just about gone unfortunately. The new paradigm is the richer you are, the better the accountant you can afford, shelf companies you can set up, family trusts you can utilise, off shore tax havens you can register, and the less tax you actually pay. The tax burdon now falls almost entirely on the middle class and poorest members of the community because they have no ability to escape it. Your claim tha the burden falls on the middle class is wrong. 40% of all federal income taxes are paid by the top 1%, the top 5% pay over 70% of all federal income taxes, the top 10% pay over 80% of all federal income taxes. The validity of the claim depends on what you think "the burden" means. If you consider that the group paying the highest percentage of all income taxes paid has the burden, then the statement is wrong. If you consider that the group paying out the highest percentage of their income has the burden, then the statement is correct. I seriuosly doubt it is correct in either case, and *certainly* not in Australia. But I do note he purposely limits the argument *solely* to "federal income taxes" and not TOTAL tax revenue, federal, state and local, which is the only meaningful statistic. My figures are correct, check them out for yourself rather than just dismissing them. And about my "limiting" the argument solely to federal income taxes - the myriad of statem, city, and local taxes across the country make it almost impossible to gather that type of data for a usenet discussion. You're welcome to do it if you'd like. Still, the statistics I noted are correct, why do you have a problem with that? |
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