Home » xyzzy » Tower » An interesting quote about income taxes. Food for thought.
Re: You have to be realistic.. [message #54604 is a reply to message #54603] Mon, 10 October 2005 12:41 Go to previous messageGo to previous message
Mr Vinyl is currently offline  Mr Vinyl
Messages: 407
Registered: May 2009
Illuminati (1st Degree)
Again you just state numbers with no back up. But assuming what you are saying is true (a huge leap of faith here) let's look at it closely.

If the top 5% of wage earners pay 50% of the taxes taken in. And they make 40% of the income. That would mean that the remaining 95% of wage earners make 60% of the income and pay only 50% of the taxes taken in. So using your numbers, the top 5% of wage earners are paying more then the bottom 95% of wage earners. Thus even using your numbers you are proving my point. And let's not forget the fact that much of the taxes that the rich are paying are funneled back out to the poor through entitlements, which results in the poor paying even less tax.

Again I don't agree with your numbers. But let's stay on point! The thing you are supposed to be showing me is that the wealthiest people only pay 5%-8% in income taxes. This is what you stated and what you are supposed to be proving.

On top of this you are also suppose to be disproving the fact that the Bush tax cuts actually resulted in the rich paying more taxes and not less as you complain about, the "so called" tax cuts for the rich.

So I will be waiting for your responses.

 
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Previous Topic: Cindy sheehan/ paying a visit/ Oct 17th
Next Topic: Mr Vinyl and Mr Martinelli
Goto Forum:
  


Current Time: Sun Dec 22 19:48:15 CST 2024

Sponsoring Organizations

DIY Audio Projects
DIY Audio Projects
OddWatt Audio
OddWatt Audio
Pi Speakers
Pi Speakers
Prosound Shootout
Prosound Shootout
Miller Audio
Miller Audio
Tubes For Amps
TubesForAmps.com

Lone Star Audiofest