In A Position To Pay?

[HARDCORE]

QUOTE:

Democrat Joe Lieberman, hoping to jump-start his presidential campaign with a fresh attack on White House policy, is promising to ensure that upper-income Americans pay more taxes than they did before President Bush?s record-breaking tax cuts.

As part of what the Connecticut senator calls a major tax reform package, he also would adjust income tax rates to lower the burden on middle-class Americans.
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* ?Excuse me, but in all fairness, what the hell is wrong with lowering the taxes for Middle-Class America?? They are that salt of our economy, the instrument of our success, and the engine of our future!

How much taxes do the (unfortunately) poor pay? For that matter, do the rich pay their fair share to grease the gears of the economy? In reality, the guys and gals who really foot most of the tab, are (at least in my opinion) - ?The Ball-Busting Middle Class!!? And as such, they deserve a break!!

Hell, according to to some in power: "Without eternally pandering to the stinking rich, our nation would fall to pieces?" (Bull Crap!!)

In my opinion, most of those with the big bucks, cry more, deliver less (trickle down theory my ass), and continue to suck in more of the good life, than any other segment of society. Yet they are the most visible, with their hands eternally out for more economic freebies, pushing their agendas through a few bought and paid for politicos, and forever seeking out new ways to widen the growing rift of economic disparity!

As such, your damned right I believe that the guy who rolls up his sleeves, wipes the honest sweat from his brow, serves his nation with honor in uniform, or strains his brain to figure out new ways to better humanity, instead of bleeding it dry, deserves a little more consideration - ?DON?T YOU??

Now don't get me wrong - I have absolutely nothing against wealth, it's only insatiable greed and me-ism that infuriates my ass!!

VERITAS

[MORTARDUDE]

Total out-and-out fu*king bullshit...nothing more nothing less....

not you Rick..LOL

Larry

[MORTARDUDE]

Remember that there are a bunch of folks( I believe up to $ 40,000 )..who pay absoulutely NO INCOME TAX and get a huge refund every year...what about the illegal aliens who are being bestowed all of these rights and privileges that we all earned thru sweat, blood, and treasure ? Do you think they give a Flying Fu*K about paying any taxes...why sure they do...NOT.

Larry

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>


http://www.rushlimbaugh.com/home/men...xes.guest.html

Only The Rich Pay Taxes

Top 50% of Wage Earners Pay 96.03% of Income Taxes

October 10, 2003

There is new data for 2001. The share of total income taxes paid by the top 1% fell to 33.89% from 37.42% in 2000. This is mainly because their income share (not just wages) fell from 20.81% to 17.53%. However, their average tax rate actually rose slightly from 27.45% to 27.50%.





*Data covers calendar year 2001, not fiscal year 2001 - and includes all income, not just wages, excluding Social Security



This proves that it was not the tax cut that caused revenues from the rich to fall, but the recession and the stock market crash. In other words, you live by the sword, you die by the sword. If you are going to benefit from the rich paying more taxes, due to progressivity, on the upside, you are going to lose more revenue from these people on the downside. This is a good argument for reducing progressivity.

Think of it this way: less than four dollars out of every $100 paid in income taxes in the United States is paid by someone in the bottom 50% of wage earners. Are the top half millionaires? Noooo, more like "thousandaires." The top 50% were those individuals or couples filing jointly who earned $26,000 and up in 1999. (The top 1% earned $293,000-plus.) Americans who want to are continuing to improve their lives - and those who don't want to, aren't. Here are the wage earners in each category and the percentages they pay:

Top 5% pay 53.25% of all income taxes (Down from 2000 figure: 56.47%). The top 10% pay 64.89% (Down from 2000 figure: 67.33%). The top 25% pay 82.9% (Down from 2000 figure: 84.01%). The top 50% pay 96.03% (Down from 2000 figure: 96.09%). The bottom 50%? They pay a paltry 3.97% of all income taxes. The top 1% is paying more than ten times the federal income taxes than the bottom 50%! And who earns what? The top 1% earns 17.53 (2000: 20.81%) of all income. The top 5% earns 31.99 (2000: 35.30%). The top 10% earns 43.11% (2000: 46.01%); the top 25% earns 65.23% (2000: 67.15%), and the top 50% earns 86.19% (2000: 87.01%) of all the income.


The Rich Earned Their Dough, They Didn't Inherit It (Except Ted Kennedy)



The bottom 50% is paying a tiny bit of the taxes, so you can't give them much of a tax cut by definition. Yet these are the people to whom the Democrats claim to want to give tax cuts. Remember this the next time you hear the "tax cuts for the rich" business. Understand that the so-called rich are about the only ones paying taxes anymore.

I had a conversation with a woman who identified herself as Misty on Wednesday. She claimed to be an accountant, yet she seemed unaware of the Alternative Minimum Tax, which now ensures that everyone pays some taxes. AP reports that the AMT, "designed in 1969 to ensure 155 wealthy people paid some tax," will hit "about 2.6 million of us this year and 36 million by 2010." That's because the tax isn't indexed for inflation! If your salary today would've made you mega-rich in '69, that's how you're taxed.

Misty tried the old line that all wealth is inherited. Not true. John Weicher, as a senior fellow at the Hudson Institute and a visiting scholar at the Federal Reserve Bank, wrote in his February 13, 1997 Washington Post Op-Ed, "Most of the rich have earned their wealth... Looking at the Fortune 400, quite a few even of the very richest people came from a standing start, while others inherited a small business and turned it into a giant corporation." What's happening here is not that "the rich are getting richer and the poor are getting poorer." The numbers prove it.

I have made an executive decision as the owner and ultimate editor of this website that this table and these numbers stay on this website forever - or until next year's numbers come out. In order to get these facts, you have to see them each and every day. This story, along with a link to the IRS chart, will stay somewhere on the RushLimbaugh.com homepage so everyone can see and find these numbers at any time. It's crucial that people get this, so please, share it with a friend now!


Check Out the UPDATED IRS Table of Numbers from 2001...

(The IRS: Individual Income Tax Returns Each Tax Year 1986 - 2001)
{Requires EXCEL to View}
(Rush Limbaugh.com Non-EXCEL version of the 2000 IRS Data)

[HARDCORE]

Larry

Thanks for the info!!!

VERITAS