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View Full Version : RW friend says "Top 10% pay 70% of all taxes, taking care of that 47%." True?



SarasotaRepub
10-18-2012, 08:40 AM
We have all seen these threads multiple times... (http://www.democraticunderground.com/10021571837):rolleyes:




Thu Oct 18, 2012, 05:45 AM
Shanti Mama



RW friend says "Top 10% pay 70% of all taxes, taking care of that 47%." True?

Please help.
My "civil" discussion with a friend on FB is deteriorating. This is her latest "fact" and I guess my googling skills aren't good enough to find evidence to the contrary.

Anyone have solid info on this?

Thanks,
Shanti Mama







But this is a great DUmmie answer right here!!!





Response to Shanti Mama (Original post)
Thu Oct 18, 2012, 06:08 AM
B Calm (16,944 posts)

6. They have over 90% of the wealth




in this country. Far as I'm concerned they should pay all the taxes, or share the wealth a little more equally!

LukeEDay
10-18-2012, 09:10 AM
The top 10% do pay over 70% of the taxes. I saw something here not too long ago saying that the top 400 earners in America pay 90% of the tax. I will have to try and find it again.


Response to Shanti Mama (Original post)
Thu Oct 18, 2012, 06:08 AM
B Calm (16,944 posts)

6. They have over 90% of the wealth


in this country. Far as I'm concerned they should pay all the taxes, or share the wealth a little more equally!

It isn't surprising that a lazy freeloading entitlement hound socialist liberal would say about them paying more, and giving it all to the lazy.

m00
10-18-2012, 09:37 AM
B calm's answer would be more sensible if he said "they make 90% of the income" (and if this were true). You don't want to tax wealth -- you want to tax income, and you want to tax consumption. But you shouldn't have to pay a property tax on money.

txradioguy
10-18-2012, 10:16 AM
Thu Oct 18, 2012, 05:45 AM
Shanti Mama

RW friend says "Top 10% pay 70% of all taxes, taking care of that 47%." True?

Please help.
My "civil" discussion with a friend on FB is deteriorating. This is her latest "fact" and I guess my googling skills aren't good enough to find evidence to the contrary.

Anyone have solid info on this?

Thanks,
Shanti Mama


Here you go.


http://www.rushimg.com/cimages//media/images/cy2003/882326-1-eng-GB/cy2003.gif

Novaheart
10-18-2012, 10:39 AM
It would be nice if there were standards for the discussion. Too often, federal income taxes becomes "taxes" and then you have people believing that some huge percentage of the populations "pays no taxes" .

Novaheart
10-18-2012, 10:44 AM
The top 10% do pay over 70% of the taxes. I saw something here not too long ago saying that the top 400 earners in America pay 90% of the tax. I will have to try and find it again.



It isn't surprising that a lazy freeloading entitlement hound socialist liberal would say about them paying more, and giving it all to the lazy.

I'd like to see what percentage of Americans fall into the present "top 10%" income range who don't derive all or part of their income from any government source.

Pulpfishin
10-18-2012, 10:48 AM
n2doc (23,341 posts)

32. It's actually not counterintuitive

If you let the rich pay low taxes they just hoard their wealth. If you tax them at a reasonable level, that money gets put back into the economy, not into Cayman Islands tax shelters, hedge funds and derivatives. It is the middle class and poor who drive our economy, not the rich.

The poor drive the economy?
The rich "hoard their wealth" and the only way THEIR money gets back into the economy is by being taxed?

The government is NOT the ECONOMY you fucking idiot!!!!!!!!!!!

DUmmy trolls, please take this tid bit of factual information back to your little cave of ignorance:
Cayman Islands tax shelters, hedge funds and derivatives are forms of INVESTING! The money IS in the economy, and at risk.
That is what the ECONOMY is!
Their money is driving expansion in businesses and markets (MORE JOBS DUMBASS!).
That money is not sitting in a savings or money market account earning 1% interest.
You see, you do not know shit about what an economy is, and that is why you DUmmies leach off the government, and people who use their brains get rich and get richer!

It's scary enough that these people actually vote……..it's absolutely terrifying that they are breeding too!

Starbuck
10-18-2012, 10:53 AM
I believe it is a fact of life that here in America, we, who can be and are productive, will always have the task of dragging a long train of 47 percenters along behind us.

They will not be productive no matter how easy it is, and if we will forever be assigned the task of dragging them along behind us, all the while listening to their cries of "you've got more than me".

Novaheart
10-18-2012, 11:15 AM
I believe it is a fact of life that here in America, we, who can be and are productive, will always have the task of dragging a long train of 47 percenters along behind us.

They will not be productive no matter how easy it is, and if we will forever be assigned the task of dragging them along behind us, all the while listening to their cries of "you've got more than me".

Again, the terminology wanders in meaning. Not paying federal income tax does not mean "not productive". Field hands don't pay federal income tax, but you have the tomatoes on your table. Don't you? And you only paid 99 to $1.29 a pound for those tomatoes because those people do a job that you and I probably can't do for a wage we probably wouldn't work for relative to the labor.

Starbuck
10-18-2012, 11:42 AM
Again, the terminology wanders in meaning. Not paying federal income tax does not mean "not productive". Field hands don't pay federal income tax, but you have the tomatoes on your table. Don't you? And you only paid 99 to $1.29 a pound for those tomatoes because those people do a job that you and I probably can't do for a wage we probably wouldn't work for relative to the labor.

Let me be clear: We, the productive ones, must pay extra for those who cannot make as much money as we do. That's the way it works now, and that's the way it will work in the future.
The record shows - through my earnings - that I am a little more capable than most people. I have made more than most. I realize that I must subsidize those who are less capable or less resolved. I understand that.

On the other hand I do not have to respect those above mentioned who have less resolve. I don't have to tolerate their drugs; their abortions; their poor English; their stupidity; or their hysteria. I don't have to have them in my house or anywhere around me. I subsidize them and in return their leaders tell them that they should hate me for being affluent. It's OK. I can live with that.

Note to all 47 percenters: Just stay out of my way.

Novaheart
10-18-2012, 12:11 PM
Let me be clear: We, the productive ones, must pay extra for those who cannot make as much money as we do. That's the way it works now, and that's the way it will work in the future.
The record shows - through my earnings - that I am a little more capable than most people. I have made more than most. I realize that I must subsidize those who are less capable or less resolved. I understand that.

On the other hand I do not have to respect those above mentioned who have less resolve. I don't have to tolerate their drugs; their abortions; their poor English; their stupidity; or their hysteria. I don't have to have them in my house or anywhere around me. I subsidize them and in return their leaders tell them that they should hate me for being affluent. It's OK. I can live with that.

Note to all 47 percenters: Just stay out of my way.

Who are you talking about?

txradioguy
10-18-2012, 12:16 PM
Who are you talking about?

He means he understands and to a certain point accepts the fact that those of us with jobs subsidize...via payroll deductions...those that have no motivation to get off their ass and do something with themselves and would prefer to get everything handed to them via welfare.

txradioguy
10-18-2012, 12:18 PM
The top 1% pay over a third, 34.27% of all income taxes. (Up from 2003: 33.71%)

The top 5% pay 54.36% of all income taxes (Up from 2002: 53.80%).

The top 10% pay 65.84% (Up from 2002: 65.73%).

The top 25% pay 83.88% (Down from 2002: 83.90%).

The top 50% pay 96.54% (Up from 2002: 96.50%).

The bottom 50%? They pay a paltry 3.46% of all income taxes (Down from 2002: 3.50%).

The top 1% is paying nearly ten times the federal income taxes than the bottom 50%! And who earns what?

The top 1% earns 16.77% of all income (2002: 16.12%).

The top 5% earns 31.18% of all the income (2002: 30.55%).

The top 10% earns 42.36% of all the income (2002: 41.77%);

the top 25% earns 64.86% of all the income (2002: 64.37%) ,

and the top 50% earns 86.01% (2002: 85.77%) of all the income.

Starbuck
10-18-2012, 01:38 PM
Who are you talking about?

Jeez. I can't believe you're not getting it. But I'll try.

These guys:
There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it -- that that's an entitlement.

I'm talking about the 47 percent that Mitt was talking about. They have nothing in common other than their belief that the government is here to take care of them. Young, old, black, white, male, female; they have the belief that they should be taken care of. That makes them part of the 47 percent, and I am accepting the fact that we, the 53%, will always take care of them.

Now let me guess: You're going to say something like "Well, that includes all seniors, since they are on social security!" It does not include all seniors. Doesn't include all of any group for that matter. Some seniors feel that the government should take care of them, some don't; some blacks believe the government should take care of them, some don't; some women..........OK, you've got the idea.

We, the 53 percent, will always have the 47 percent to support.

LukeEDay
10-18-2012, 02:32 PM
Jeez. I can't believe you're not getting it. But I'll try.

These guys:
There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it -- that that's an entitlement.

I'm talking about the 47 percent that Mitt was talking about. They have nothing in common other than their belief that the government is here to take care of them. Young, old, black, white, male, female; they have the belief that they should be taken care of. That makes them part of the 47 percent, and I am accepting the fact that we, the 53%, will always take care of them.

Now let me guess: You're going to say something like "Well, that includes all seniors, since they are on social security!" It does not include all seniors. Doesn't include all of any group for that matter. Some seniors feel that the government should take care of them, some don't; some blacks believe the government should take care of them, some don't; some women..........OK, you've got the idea.

We, the 53 percent, will always have the 47 percent to support.

Correct ...

FDK
10-18-2012, 04:00 PM
And you only paid 99 to $1.29 a pound for those tomatoes because those people do a job that you and I probably can't do for a wage we probably wouldn't work for relative to the labor.

This statement demonstrates a complete lack of understanding of how the economy works. It's a meme with little basis in fact. I won't even bother wasting time typing trying to explain it to you since I've read your other posts here and realize that you'd either be too ignorant or obstinate to understand it.