Proof that obama lies about who's paying their fair share.
 

obama, his followers, and the rabble want you to believe that the rich don't pay their fair share. the truth is quite different. I wonder how many "I want someone else to pay for my lifestyle" trash will bother to reply to this post.:321GFY

http://www.taxfoundation.org/blog/show/24944.html

http://www.12clicks.com/blog20090729-chart2.jpg

Tax Burden of Top 1% Now Exceeds That of Bottom 95%

by Scott A. Hodge

Newly released data from the IRS clearly debunks the conventional Beltway rhetoric that the "rich" are not paying their fair share of taxes.

Indeed, the IRS data shows that in 2007?the most recent data available?the top 1 percent of taxpayers paid 40.4 percent of the total income taxes collected by the federal government. This is the highest percentage in modern history. By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax reform act.

Remarkably, the share of the tax burden borne by the top 1 percent now exceeds the share paid by the bottom 95 percent of taxpayers combined. In 2007, the bottom 95 percent paid 39.4 percent of the income tax burden. This is down from the 58 percent of the total income tax burden they paid twenty years ago.

To put this in perspective, the top 1 percent is comprised of just 1.4 million taxpayers and they pay a larger share of the income tax burden now than the bottom 134 million taxpayers combined.

Some in Washington say the tax system is still not progressive enough. However, the recent IRS data bolsters the findings of an OECD study released last year showing that the U.S.?not France or Sweden?has the most progressive income tax system among OECD nations. We rely more heavily on the top 10 percent of taxpayers than does any nation and our poor people have the lowest tax burden of those in any nation.

We are definitely overdue for some honesty in the debate over the progressivity of the nation's tax burden before lawmakers enact any new taxes to pay for expanded health care.

obama is poor and want rich down :D

http://vegdaily.com/wp-content/uploa...04/waffles.jpg

I loves me some motherfucking waffles.

http://wouldashoulda.com/wp-content/...cherry-pie.jpg

Who likes pie as much as I do?

NOBODY!

to be fair... pie and waffles are pretty good

The Obama administration put the cash for clunkers program in place. After a few days they had to shut it down because it already became unmanageable. Imagine what will happen with the health care reform... :2 cents:

Was watching CNBC a couple mornings ago and they had an amazing stat about the state of California.

144,000 people pay more in taxes than the rest of the 38 million who live there!!

according to the #s, the rich get richer and pay more for wars and bailing out banks.

True, but pie is better I think.

and as their looming bankruptcy shows, its unsustainable as is it will soon be apparent at the national level

actually, "fair" is always a relative term -- the rich gain from more stability.

Also, for "fair tax" folks -- since it includes increases on capital gains, and elimination of a lot of tax breaks taxes on the super wealthy would actually go up.

Lastly, the tax burden on the super wealthy is the lowest and has been trending downward. That's why you are siting relative figures, as opposed to actual burden.

Isn't that pretty much what happens all over the world??

And also, those numbers show that the Top 1% taxpayers only reached the bottom 95% on the Bush era, you so strongly defend...

Your posts just show how ignorant you really are.

:2 cents:

nigga please...

like it matters who controls it all, just like here it doesn't matter who you vote for they always seem to fuck up.

Top 1% AGI = $2,008,259

12clicks is making bank!

And people wonder why there are less jobs? Hmm lets ponder on that. The rich guys that can afford to pay people to work for them are giving away a huge chunk of their profits back to the gov, and the people they pay get more back than what they pay into the tax system... :uhoh Don't care what anyone says Reagan had it right with Trickle down economics flat out.

the top 1% are not the "super wealthy" and regardless of the relativity of "fair" 1% paying for 95% is not just unfair, its wrong.
it allows the 95% to be fiscally irresponsible until the country is run into the ground

greenspan was a genius!

look who came out of their grass hut to embarrass himself

I think someone inverted part of that graph. and I know for sure they did not show the part about the refunds that the rich get..

I love the OHHH X Billionaire donated 100millino this year, OF FUCKING COURSE he did.. he did not have to pay taxes on it, and then got 100million in other tax breaks.

a lot more people than the top 1%ers get big refunds

This is what we call redistribution of wealth, a core component of Socialism...

http://freakonomics.blogs.nytimes.co...my-fair-share/
They pay more because they make more. The rabble gets banged on their paycheck.Where the rich if they have an accountant worth his salt dont take salary and only pay 15% on capital gains. I think Warren makes alitte more than anyone here rabble or betters.:)

the largest tax increases during peacetime were under Mr Reagan.
http://www.nationalreview.com/nrof_b...0310290853.asp National review not liberal media.

Since tax rates are mostly the same through 2007, doesn't the chart actually show that the top 1% have just gotten wealthier? We had a Republican President, and from 1995 to 2007 mostly, a Republican controlled congress.

What happened? Did the party just fuck it up for you guys and not fix the tax problem after all that time?

I'm very sorry I voted for him.

Why did you vote for him?

The top 1% aren't all super wealthy, but --- as you go up to the top 1% a lot less as a percentage of income is paid in federal tax. period. Capital Gains tax structure at 15% or less has its privilges.

Bush cut taxes significantly while waging huge military campaigns and upping a huge gift to pharma w/ the medicare debacle.

The bailout and stimulus did more to protect the wealthy than the poor -- considering the absolute amount of money the top 1% had tied up in markets.

"Fairness" is ridiculous, and it sounds like you are whinging.

Life hasn't been fair since it was just Adam and God.

There's nothing stopping you from living the U.S. to live in a more tax friendly location -- or running your business as such considering all the checks and domains from V.I. and various islands.

That's the benefit wealth gives you -- the ability to minimize your taxes based on corporate structure and location.

hahahaha!!

Hey you are gonna make them Republicans cry. They have this idea that Regan was somehow a conservative.

It's pretty amazing the idiot arguments made in this thread by the 95%ers.
Not surprised. It's WHY they're one of the 95%ers

i'm glad us 4%ers were left out!

This post actually made me laugh more then the others in this thread. Considering they are voting today to EXTEND this program TODAY since it was so popular. :1orglaugh

They actually ran out of money already because people bought so many cars... so they want to increase it....yeah they shut that down alright! :thumbsup

its happening in every country, milk the high earners to pay for everying

'because they can afford it'

wtf is joo talkin bout willis? http://blogs.thecarconnection.com/ma...-to-be-stopped

In other news... 58% of Republicans polled are idiots...
http://www.nation-x.com/birthers.png

I had read a while back that the top 5% pay about 80% of the taxes in this country. To me there was never an illusion that the rich didn't pay more than their fair share. I always assumed they did. That is why when Obama started talking about sharing the wealth it wasn't a shock to me. We have been sharing the wealth via taxes forever, he was just the first person to actually talk about it (albeit he also had other plans so it wasn't just talk, but this idea certainly wasn't new)

I'm not sure where you are getting 58% it looks like 11% (or 23% if you include those that reply 'don't know') are the ones that think he is illegal.

This is simply the republican party doing what they think they need to do in order to become relevant in this country again. There is a faction of the republican party that feels like they have to go back to pandering the far right base and that is what this is all about. This is why some republicans won't denounce these "birthers" because it gives them fire and it helps the to stoke the culture war. They are hoping to use this to get the base fired up and help them win some elections in 2010. Nothing new about this tactic.

^^ I am pretty sure he is adding up the REP (republican) lines of NO and NOT SURE which, I could be wrong add up to 58% ... :upsidedow

And this all happened under Bush... 2007...

I think I'm gonna import myself a Mexican housewife with 6 kids and go on welfare just so 12clicks has to pay more taxes.

:2 cents:

http://crazy-jokes.com/pictures/economics.jpg

Eat the rich... :food-smil02

ADG

You are looking at the "ALL" results... look at the "REP" results.

With what the trash refered to as "tax cuts for the rich" and still Obama was able to convince the uneducated rabble that tax cuts are bad and the rich don't pay enough.

Okay, that was fucking funny.

Capital Gains tax should not exist. I made the money was taxed on it and invested it to help me out not so the govt could tax it again. There should also be no estate tax.

When the income tax when started, was only 1% for the avg person and 7% for the super rich. The American people were promised it would never go above 10%.

What does that tell you?

I see it now. I didn't even notice that before. That is a lot larger than I would have thought it would be.

sounds like great news unless you are in the top 1% like 12clicks!

That whole bullshit of "believe" if he was born here or not is stupid.
Can he prove it? yes.
Is his proof good enough? to some not all.
Why is his proof not good enough to all? his "birth certificate" does not contain a hospital or dr.'s signature.
It is what it is....