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04-01-2011, 1:16pm | #41 | |||||||
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04-01-2011, 1:19pm | #42 | |||||||
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Let's take a look at that by the numbers. Top 1% = 20% of AGI, 30.2% of total income tax paid, at an average rate of 23.27% Top 5% = 34.73% of AGI, 58.72% of total income tax paid, at an average rate of 20.70% Top 25% = 67.38% of AGI, 86.34% of total income tax paid, at an average rate of 15.68% On the otherhand... Bottom 50% = 12.75% of AGI and only 2.7% of the total income tax collected at an average rate of only 2.59% So please... define "their fair share". |
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04-01-2011, 1:21pm | #43 | ||||||
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04-01-2011, 1:22pm | #44 | |||||||
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Long story short. They do pay their "fair share" but that's not enough in your mind. You think that you should tax the shit out of the rich to pay for the poor. EDIT: Like I said, look at the numbers for the individuals that was posted (verify if you would like) and then please define what you mean by "fair share". Of course I don't expect you to. I'm expecting that instead you will change the subject again to corporations or something else. |
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04-01-2011, 1:24pm | #45 | ||||||
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04-01-2011, 1:32pm | #46 | |||||||
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04-01-2011, 1:36pm | #47 | |||||||
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04-01-2011, 1:42pm | #48 | ||||||
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04-01-2011, 1:57pm | #49 | |||||||
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The simple fact is this. You believe that the rich should be taxed to the point that they support the poor. That is what is "fair" in your mind. |
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04-01-2011, 2:02pm | #50 | ||||||
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04-01-2011, 2:03pm | #51 | ||||||
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my point is just because it was written by a liberal doesn't mean it's not factual & highly informative. just "shoot the messenger" went out centuries ago.
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04-01-2011, 2:05pm | #52 | |||||||
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For comparison, the number rose to 4.9 % during the 8 years of Kennedy/Johnson. Under Kennedy/LBJ, BTW, we reversed course, cut taxes, and looked to the private sector to promote economic growth. Eisenhower's administration was the first peace time and non depression time test of New Deal tax and economic policy. It proved inferior, however to give credit where credit is due the highway construction under Eisenhower WAS a fantastic idea. But the emphasis on govt. as the driver of economic expansion stifled that expansion. BEA National Economic Accounts |
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04-01-2011, 2:06pm | #53 | ||||||
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04-01-2011, 2:14pm | #54 | |||||||
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04-01-2011, 2:16pm | #55 | ||||||
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04-01-2011, 2:17pm | #56 | |||||||
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Now, on a completely separate forum where I have charted unemployment, I did discuss last year the short term effect of census employment on the unemployment figures. |
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04-01-2011, 2:20pm | #57 | |||||||
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04-01-2011, 2:22pm | #58 | ||||||
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04-01-2011, 2:31pm | #59 | ||||||
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04-01-2011, 2:42pm | #60 | ||||||
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From 1966 (first year of Data I collected) to 1980, Average Annual Revenue as a % of GDP was 17.4%
Reagan took office in 1981 amidst a horrible recession. During his term (1981-1988) Average Annual Revenue as a % of GDP was 17.8% |
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