Most Americans say the rich don't pay enough taxes; Envy works?
Quietman ~PWCM~JLA
2012/08/28 16:29:57
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The poll released Monday by the Pew Research Center points to a particular challenge for Republican presidential candidate Mitt Romney, whose party's policies are viewed by a wide majority as favoring the rich over the middle class and poor.
The poll found that many Americans believe rich people to be intelligent and hardworking but also greedy and less honest than the average American. Nearly six in 10, or 58 percent, say the rich don't pay enough in taxes, while 26 percent believe the rich pay their fair share and 8 percent say they pay too much.
Read More: http://news.yahoo.com/most-americans-rich-dont-pay...
However, under no circumstances should the money belonging to the 'rich' be considered money 'owed' to the middle class and under!
I would bet that the very people who are crying about the rich not paying enough taxes would feel very differently if they themselves were 'rich'.
Everybody thinks they are OWED something by the government, by the wealthy.......what's wrong with Americans! Envy my ass, it's greed and avarice.
price of whatever goods or services are sold (total, 13.85%), thereby paid by others who are the consumers. As for the "wealthy", 90% of their incomes come from "qualified dividends" and/or "capital gains", maximum tax 15%, less whatever is not taxed, such as interest on Federal debts and earnings in offshore accounts and investments in "other countries". The IRS says the average is 13%, which is exactly what Mitten says he paid in 2010, and whatever is before is a "secret" between him and "God".
What the wealthy who don't have "earned income" from wages pay is the 13% on just that portion earned in the U.S., not from Federal interests on Treasuries, and not from "offshore" accounts not taxed at all, or "qualified dividends" taxed at less than 15%. That is the scheme that enables the "Top 2% Club" to triple their share of the Nation's wealth between the years 1981 and 2010, while the remaining 98% of citizens saw their share of the wealth decrease by HALF.... 50% for whites, 60% for minorities.
You can spin, run, and hide. But, if you stop to face the facts of what that scheme called "Reaganomics" did to the nation, you just have to cover your face in shame and hope for something better for the nation.
Some argue that these observations are misleading because there are other federal taxes the bottom 50 percenters pay such as Social Security and excise taxes. Moore presents data from the Tax Policy Center, run by the liberal Urban Institute and the Brookings Institution, that takes into account payroll and income taxes paid by different income groups. Because of the earned income tax credit, most of America's poor pay little or nothing. What the Tax Policy Center calls working class pay 3 percent of all federal taxes, middle class 11 percent, upper middle class 19 percent and wealthy 67 percent.
President Obama and the Democratic Party harp about tax fairness. Here's my fairness question to you: What standard of fairness dictates that the top 10 percent of income earners pay 71 percent of the federal income tax burden while 47 percent of Americans pay absolutely nothing?
President Obama and his political allies are fully aware of IRS data that shows who pays what. Their tax demagoguery knowingly exploits American ignorance about taxes. A complicit news media is only happy to assist. We might ask ourselves what's to be said about the decency of people who knowingly mislead the public about taxes. Of course, I might be all wrong, and true ta...
Some argue that these observations are misleading because there are other federal taxes the bottom 50 percenters pay such as Social Security and excise taxes. Moore presents data from the Tax Policy Center, run by the liberal Urban Institute and the Brookings Institution, that takes into account payroll and income taxes paid by different income groups. Because of the earned income tax credit, most of America's poor pay little or nothing. What the Tax Policy Center calls working class pay 3 percent of all federal taxes, middle class 11 percent, upper middle class 19 percent and wealthy 67 percent.
President Obama and the Democratic Party harp about tax fairness. Here's my fairness question to you: What standard of fairness dictates that the top 10 percent of income earners pay 71 percent of the federal income tax burden while 47 percent of Americans pay absolutely nothing?
President Obama and his political allies are fully aware of IRS data that shows who pays what. Their tax demagoguery knowingly exploits American ignorance about taxes. A complicit news media is only happy to assist. We might ask ourselves what's to be said about the decency of people who knowingly mislead the public about taxes. Of course, I might be all wrong, and true tax fairness dictates that the top 10 percent pay all federal income taxes.
Aside from the fairness issue, 47 percent of taxpayers having no federal income tax liability is dangerous for our nation. These people become natural constituents for big-spending, budget-wrecking, debt-creating politicians. After all, if you have no income tax liability, what do you care about either raising or lowering taxes? That might explain why the so-called Bush tax cuts were not more popular. If you're not paying income taxes, why should you be happy about an income tax cut? Instead, you might view tax cuts as a threat to various handout programs that nearly 50 percent of Americans enjoy.
Tax demagoguery is useful for politicians who prey on the politics of envy to get re-elected, but is it good for Americans?
http://townhall.com/columnist...
So, having 80% of all the wealth and at least an equal amount of the "profits" of the economy, they have negotiated themselves into a FIT tax rate of 13% on the earnings reported as originating within the borders, and no tax at all on the earnings from foreign investments and offshore accounts. Little wonder they invest in China and leave the money and profits outside the borders of the country that provides them with such an opportunity, financing, and security for their sorry and ungrateful asses. The workers pay
twice that percentage in direct taxes, and provide most of the income to the "Top 2%", including the taxes they pay.
In my professional career I'...
So, having 80% of all the wealth and at least an equal amount of the "profits" of the economy, they have negotiated themselves into a FIT tax rate of 13% on the earnings reported as originating within the borders, and no tax at all on the earnings from foreign investments and offshore accounts. Little wonder they invest in China and leave the money and profits outside the borders of the country that provides them with such an opportunity, financing, and security for their sorry and ungrateful asses. The workers pay
twice that percentage in direct taxes, and provide most of the income to the "Top 2%", including the taxes they pay.
In my professional career I've encountered some extremely wealthy people and computed their FIT liabilities. I can remember only two or three (John Birch Society members and a couple of California's bleating "Conservatives") who complained about their contributions to the system, even when the highest marginal tax rate was 92% and the FIT paid averaged about 60%. Then, along came the Reagan Administration and began the story that "Government is the enemy", and all has been downhill and divisional since then. Most who consider how lucky they are to have more income than they can possibly spend do not whine and moan over sharing a greater portion of the burdens than those who live from paycheck to paycheck and
barely meet their needs.
As for the 47% who pay no taxes, that is a RWNJ stat quoted to fool the non-thinkers. They count the elderly and retired, nursing home patients, prisoners, children, babies, and the hopelessly handicapped, seriously ill, and even the offspring of the wealthy who are not "taxpayers" on their own.
$One Billion from this single IPO, without any risk, and without caring that it was just a clever fraud. That is the system.
In other words, that's bullcrap.
21st Century Plantation, and of course, they would like even more from the
public coffers.