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12clicks 11-08-2011 01:21 PM

Quote:

Originally Posted by Sunny Day (Post 18545486)
http://money.cnn.com/2011/10/13/news...rule/index.htm

"The Congressional Research Service found that 94,500 millionaires pay an effective federal tax rate that is less than that paid by 10.4 million moderate-income taxpayers."

odd that the CBO would report this then:


http://www.washingtonpost.com/blogs/...d0iK_blog.html

When you add up all of the various taxes, and look at the effective tax rates, it is clear the tax system is already pretty progressive. Everyone pays some tax, even those who pay no federal income taxes, and the wealthiest pay a larger percentage share of taxes. Here?s the effective tax rate for all of the groups, according to the CBO:
Lowest quintile (23.4 million taxpayers), zero to $18,900: 4.3 percent
Second lowest quintile (22.4 million), $18,900-$32,100: 10.2 percent
Middle quintile (22.9 million), $32,100-$47,400: 14.2 percent
Fourth quintile (23 million), $47,400-$71,200: 17.6 percent
Highest quintile (23.6 million), above $71,200: 25.8 percent
Top 10 percent (12 million), minimum income of $98,100: 27.5 percent
Top 5 percent (5.9 million), minimum income of $134,400: 29 percent
Top 1 percent (1.1 million), minimum income of $332,300: 31.2 percent

Sunny Day 11-08-2011 01:41 PM

Mr Buffet only pays 17%
 
http://www.politicususa.com/en/koch-taxes

Buffett was candid in revealing that his tax burden was barely 17.4% on his income and nothing in payroll taxes...

Factored in with Koch?s approximately 17% tax liability means they still do not pay as much as an average middle-class taxpayer who pays nearly 25-38% in total taxes. It is hardly equitable, but paying their fair share is not what the Koch brothers are about.

At least one Koch brother lives in NYC, doesn't sound like he's paying 50+%

inabon 11-08-2011 01:52 PM

can someone explain to me the difference of today´s USA and any third world country?

i see the same shit in US TV as i see here in Panama

lazy fucks complaining that only a few managed to make it big and demand they pay for the lazy fucks.... no difference.

Government being ran by corporate fucks that make laws so that the corrupt politicians can fill their pockets 1 government people at a time. I guess size is the difference

in Panama you get a small amount of "mafia corrupt fucks" in government ever five years i guess the USA has a big amount of mafia corrupt fucks :)

sorry for the guys ding the occupy crap but they really should be occupying Washington and every senators parking lot.

the rich not related to government have nothing to do with this it is just business and obviously we are all here to make money

12clicks 11-08-2011 02:17 PM

Quote:

Originally Posted by Sunny Day (Post 18545590)
http://www.politicususa.com/en/koch-taxes

Buffett was candid in revealing that his tax burden was barely 17.4% on his income and nothing in payroll taxes...

Factored in with Koch?s approximately 17% tax liability means they still do not pay as much as an average middle-class taxpayer who pays nearly 25-38% in total taxes. It is hardly equitable, but paying their fair share is not what the Koch brothers are about.

At least one Koch brother lives in NYC, doesn't sound like he's paying 50+%

here, I'll dumb it down for you. just for fun. its obvious you don't have the ability to learn.

koch EARNS $1m in NYC. he pays approx. 50% on his EARNINGS leaving him with $500k
He then takes that already taxed $500k and invests it. If he should happen to profit from his INVESTMENT, he's taxed on his INVESTMENT income at 15%


There's a reason you're posting on a porn board middle of the day instead of working as an accountant somewhere.

12clicks 11-08-2011 02:21 PM

oh, and as far as equitable goes, buffett, koch and the rest of your betters pay multiple millions of dollars every year for the governmental services you get for free.

Rochard 11-08-2011 02:24 PM

99% of the people wish they were the 1%

12clicks 11-08-2011 02:28 PM

Quote:

Originally Posted by Rochard (Post 18545678)
99% of the people wish they were the 1%

sadly for them, it takes more than wishes to become the 1%

$5 submissions 11-08-2011 05:11 PM

Quote:

Originally Posted by wehateporn (Post 18544136)
He's against the Fed too, he knows where the real problem lies

Exactly. Austrian School FTW. We need that ideology here in the Philippines.


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