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Lets here if for the (though belated) fiscal responsible Republican Party.:roll:
<A Republican plan to extend tax cuts for the rich would add more than $36 billion to the federal deficit next year -- and transfer the bulk of that cash into the pockets of the nation's millionaires, according to a congressional analysis released Wednesday. >
washingtonpost.com
Comparing Democratic and Republican tax plans
WOW! Look at that $1,000,000 bracket, There are some people here would have you believe that tax breaks for wealthy causes more money to go to the treasury.
The Republicans are lead by McConnell, Boehner, and Steele.. so I can't begin my sentence with, "If the Republicans were smart..."
Instead I just have to say: See: Bush Tax Cuts. yeah, that turned out to be a real winner
Smart tax cuts don't exist anymore, just "oh, woe on the rich, they're too heavily taxed"... these morons might find themselves a winning platform with across the board tax cuts, but it won't benefit America in the long haul
hmm something is fishy here....
source: Ezra Klein - The Bush tax plan vs. the Obama tax plan in one chart
So your saying what exactly with your graphs? Super rich are getting screwed?
I think he's saying the Dem's have serious Penis Envy.
elaborate texan
I don't think he needs to, unless you lack common sense.
what the dems forget when they claim that the messiah is going to cut taxes on most of the taxpayers is that they ignore that most of the FIT is paid by 5-10% of the tax payers. A tax cut that ignores 70% of the income tax source is hardly a tax cut for most of the tax base
So are you saying I should be patting rich people on the back even though under Bush they got a much better tax break?
So are you saying I should be patting rich people on the back even though under Bush they got a much better tax break?
Okay, so what are the gross earnings for the super rich and how does the effect of tax shelters, which are only available to them, have on their net earnings?\
Indeed. You're presenting numbers out of context. Let's look at these tax cuts for the super-rich in relation to how much the average super-rich taxpayer pays:
View attachment 67112186
And here's average yearly tax bill, by bracket:
View attachment 67112187
Okay, so what are the gross earnings for the super rich and how does the effect of tax shelters, which are only available to them, have on their net earnings?
well.... you know... those evil coporations.... they're all 'corporationy', and stuff..... and they're owned by rich people so.....
MATT DAMON!!!
Thou shall not disparage corporations, after they are people too. :2wave:
Smoke and Mirrors. There is no way in hades, you can determine someones income by looking at tax data, sorry you just can't. Reason: All that's available is ADJUSTED Gross income (AGI} not Gross Income. We all know that the richer someone is, the more legal ways somebody has to hide their income, don't we?The Tax Foundation - Summary of Latest Federal Individual Income Tax Data
The richest 1% earn 22.83% of all income and pay 40.42% of all taxes.
Not sure what you're getting at re: tax shelters and how you believe that affects those numbers.
The richest 1% earn 22.83% of all income and pay 40.42% of all taxes.
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