Percent of taxes paid by income group in U.S.
mhammerman
Posts: 3,769 ✭✭✭
I just saw this chart sometime this week and I can't find it anywhere. Does anyone know where I can find this chart?
0
mhammerman
Posts: 3,769 ✭✭✭
mhammerman
Posts: 3,769 ✭✭✭
Comments
Taxes .......... and, The Price of Gold and Silver
.........
My tax return has only two entries:
1. Amount You Earned $......................
2. Send Us The Amount In Line 1.
from the union. Imagine with all that tax money they still want more
and more. Always spending more then they bring in. Idiots.
<< <i>just looking at that chart makes me want to pick up a gun and secede
from the union. Imagine with all that tax money they still want more
and more. Always spending more then they bring in. Idiots. >>
Idiots
Some would ask.. Who are the Idiots?
<< <i>
<< <i>just looking at that chart makes me want to pick up a gun and secede
from the union. Imagine with all that tax money they still want more
and more. Always spending more then they bring in. Idiots. >>
Idiots
Some would ask.. Who are the Idiots?
and to the people who sit there and take it.. at what point do you
draw the line and fight for your rights to live in peace and not be
taxed to heck and back?
have you given that a moment's thought at all? consider it an mental
exercise.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."
I imagine you must think the person who said that is also stone crazy too huh?
soft people. fluffy like a sheep. bahhh. many people here buy PMs
for the exact reason they do not trust the govt to manage the
economy. Trusting the federal govt is like walking off a cliff.
I used to live in taxachusetts. What a crap hole. I moved to NH. No
sales tax. No state income tax. Now if we could just rid ourselves of
the fed burden and everyone who wishes to redistribute our money
we would be better off. Take a look at your pay stub. It does not
make you angry? I am steamed!!
"God forbid we should ever be twenty years without such a rebellion.
The people cannot be all, and always, well informed. The part which is
wrong will be discontented, in proportion to the importance of the facts
they misconceive. If they remain quiet under such misconceptions,
it is lethargy, the forerunner of death to the public liberty. ...
And what country can preserve its liberties, if it's rulers are not
warned from time to time, that this people preserve the spirit of
resistance? Let them take arms. The remedy is to set them right as
to the facts, pardon and pacify them. What signify a few lives lost
in a century or two? The tree of liberty must be refreshed from
time to time, with the blood of patriots and tyrants.
It is its natural manure."
what a crazy loon!!! that is fighting talk!! Lets make him seem crazy.
"Freedom - democracy, individual and economic freedom are the only systems worth defending. The only other alternative is Socialism in various forms.
-- GWL, MPLS"
Yet oddly enough those people that fear monopoly in business , as they do not trust individuals in the private sector, are often the biggest supporters of big government and the more powerful and intrusive monopoly of government.
Hard to understand why one would believe that individuals in government with even greater power of force, would act more benevolent than those in the private sector.
Couple this with those that have no issue of government running the whole ball of wax, being the only game in town (my cliche ridden sentence for this post), where do they think those untrustworthy people that love monopoly in business will gravitate to? Will they not just end up in government with a stronger monopoly with the power of force to back them now?
Difficult to understand the logic.
I like having possession and control of not only PM's but as much of my life as possible.
I'm ready..... and if you only knew who I am ......
********************
Silver is the mortar that binds the bricks of loyalty.
<< <i>
<< <i>
<< <i>just looking at that chart makes me want to pick up a gun and secede
from the union. Imagine with all that tax money they still want more
and more. Always spending more then they bring in. Idiots. >>
Idiots
Some would ask.. Who are the Idiots?
and to the people who sit there and take it.. at what point do you
draw the line and fight for your rights to live in peace and not be
taxed to heck and back?
have you given that a moment's thought at all? consider it an mental
exercise.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."
I imagine you must think the person who said that is also stone crazy too huh?
soft people. fluffy like a sheep. bahhh. many people here buy PMs
for the exact reason they do not trust the govt to manage the
economy. Trusting the federal govt is like walking off a cliff.
I used to live in taxachusetts. What a crap hole. I moved to NH. No
sales tax. No state income tax. Now if we could just rid ourselves of
the fed burden and everyone who wishes to redistribute our money
we would be better off. Take a look at your pay stub. It does not
make you angry? I am steamed!!
"God forbid we should ever be twenty years without such a rebellion.
The people cannot be all, and always, well informed. The part which is
wrong will be discontented, in proportion to the importance of the facts
they misconceive. If they remain quiet under such misconceptions,
it is lethargy, the forerunner of death to the public liberty. ...
And what country can preserve its liberties, if it's rulers are not
warned from time to time, that this people preserve the spirit of
resistance? Let them take arms. The remedy is to set them right as
to the facts, pardon and pacify them. What signify a few lives lost
in a century or two? The tree of liberty must be refreshed from
time to time, with the blood of patriots and tyrants.
It is its natural manure."
what a crazy loon!!! that is fighting talk!! Lets make him seem crazy.
"Freedom - democracy, individual and economic freedom are the only systems worth defending. The only other alternative is Socialism in various forms.
-- GWL, MPLS" >>
Well said FC!!! I live in Chicago and I can relate with your frustration. Higher taxes across the board. My state is a mess!
I can (Baaaa) think for myself. I march to (Baaaa)
the sound of my own (Baaaaa) drummer.
Camelot
1 Don't have to have ever worked a day or earned income or paid taxes to vote
2 Poor people don't hire those that want to work
3 Top 10% of income earners pay more that 1/2 of all income tax received by the government paid by individuals
4 Working americans are more heavily taxed now than ever in history
5 And on and on
<< <i>I used to live in taxachusetts >>
Tangentially unrelated memory stimulation:
Sketch comedy from Mr. Show, 1998
<< <i>Most folks already work Monday and Tuesday of each week for the government. It seems that's not enough for some politicians.
I'm not showing up for work until Wednesday!
Ren
<< <i>3 Top 10% of income earners pay more that 1/2 of all income tax received by the government paid by individuals >>
Actually, I believe, it's more like 96% ... bottom 20% don't pay any taxes at all....
top 50% pay about 87% the bottom 1/2 pays 13%
at least that's what i got out of table 5 from storm's link
OK, here's the info from Storm's chart (data is from '06 tax year on filers with a positive AGI):
top 50% pays 97.01% of taxes on AGI (income of $32K or better)
top 25% pays 86.25% of taxes on AGI (income of $64K or better)
top 10% pays 70.79% of taxes on AGI (income of $108K or better)
bottom 50% (income of less than 32K AGI) paid 2.99% of taxes collected on positive AGI's in 2006.
Infer that of that bottom 50% 2.99% was paid by the top 20% of those filers so 30% of filers with positive AGI's paid an insignificant amount or no taxes at all. So we have a drag of 30% of all filers paid relatively no taxes at all. The Storm article also states that of those 30% that paid no taxes, most of them filed a return so they could claim tax credits which resulted in them getting a refund check eventhough they paid no taxes.
It would seem that if this 30% were to get further tax breaks and since they pay no taxes anyway, that in order to get more tax money to them, it would have to be through tax credits. So, increased tax credits for folk earning in the bottom 1/2 of the filers would seem like the best way to move some money to them.
I had an interesting discussion with a big brand D proponent this week and I came away from the discussion feeling like I had just had a discussion with the AFLAC duck and Yogi Berra. His main thesis was that brand D would put more money from his pay check in his pocket (he's in the top 10% of AGI filers). He stated that what if your boss said he was going to give you a raise...would you refuse it? No, of course. I asked him how he was going to get that raise and he said that the money would come from the war in Iraq, when we bring the troops home and that's where the tax cut money would come from. I said OK, so when we go to Dafur and Somalia, wouldn't that just be the same thing? He said no, there would be fewer troops and less equipment involved. Cool.
Of course I mentioned Storm's chart and sent it to him and asked him to look at it and we would talk. So he stopped by and asked me what the chart was about...hummmmmm. I asked him how much money he was thinking he was going to get from his tax reduction and he said $1200. I said sure, so that's $100/ month, $25 a week less taxes, medicare and retirement and we're talking maybe $15 a week. So for a questionable promise of $15 a week he would buy into a complete retooling of our social welfare system. In leaving, I mentioned to him that he was in the T 10% and that he had a huge tax target on his chest but he dismissed it, confident in his position and stating that everyone under $250K was going to get a tax break. I told him that he should have looked at the chart. Then we had a discussion about taxes and he complained that all he knows is that he's paying taxes every time he goes to the grocery store and gas station and I said those were State and local taxes, not federal payroll taxes. This should be very interesting.
Not meant as a political post, more like news from the front on the topic of AGI. Necessary stuff for financial planning.
More Real News From the Front: I went to a gun shop yesterday and picked up a rifle that I had been wanting and the clerk said I had better go ahead and buy it now because things were going to be changing. I asked "In what way?". He said that regulations probably wouldn't change significantly but he expected taxes on ammo and weapons to increase by a large amount. He said that an $1800 gun would probably go to $2400 to $2600 after taxes. Hummmmm, I thought. FWIW
<< <i>hammer man the number keeps changing. First it was $250,000. Than $200,000. Now the other day they said its $150,000. Whats next? >>
$120,000 as of today. Tomorrow, who knows.
<< <i>
<< <i>hammer man the number keeps changing. First it was $250,000. Than $200,000. Now the other day they said its $150,000. Whats next? >>
$120,000 as of today. Tomorrow, who knows.
I think if anyone allows the tax cuts to lapse, its all of us. The rest will circle the drain for awhile. But thats why we vote: to keep America, America. Edited to add: my small Northwest order is about to ship after just 8 days
I'll boldly go on record: It will be the same as the 1993 tax increase - higher taxes on people making $30,000 per year.
It's the same people and their views of who "rich" are haven't changed a bit.