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Let them eat cake

Posted: Oct 17, 2010

The share of total income going to the top 1 percent of earners, which stood at 8.9 percent in 1976, rose to 23.5 percent by 2007, but during the same period, the average inflation-adjusted hourly wage declined by more than 7 percent.

http://www.nytimes.com/2010/10/17/business/17view.html?_r=1&hpw

How are you doing? Quite frankly, it would not kill the "rich" to go back to the 1990's tax rates. Many have gotten even richer from sending jobs off shore and Wall Street manipulation. This country needs improvements in infrastructure so bridges don't fall down, college educations, etc. Think about it when they start talking about tax cuts for the rich, but vote down tax breaks for companies creating jobs HERE.

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Waahhh..... waahh... The rich cant save the whole - country while Obama destroys it.nm

[ In Reply To ..]
nm

make some sense - .

[ In Reply To ..]
Say something meaningful.

No one is asking the rich to save the country, but certainly the wealthy should be paying into the system in a fashion more commensurate with their income.

If middle-income families pay 25-30% in taxes, why is it unreasonable to ask the rich to pay the same?

okay, here is some sense for you. the RICH already pay - more than that! You GET SOME SENSE!.nm

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nm

see Warren Buffett quote below - .

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He probably knows what he's talking about, you think?

But YOU dont know what you are talking about. - See LINK to tax rates! nm

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nm

What percentage do the rich pay now, huh? do YOU know? nm - CK

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nm

See link - Backwards Typist

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http://www.taxfoundation.org/files/fed_individual_rate_history-june2010.pdf

Thank you for finally posting a link - but you did not address

[ In Reply To ..]
the 15% tax that they pay on their investments of capital gains and dividends, which is a very large portion of the income of the rich. You also did not address investment in real estate, where there is no federal income tax. You also did not address the use of tax shelters they do by hiding their income off-shore, and by the use of corporate tax law to reduce their personal income. Your IRS charts really don't mean a hill of beans, since they are rigged by all the tax loopholes.

Hmm, so now I wonder - sm

[ In Reply To ..]
You think the rich should have to pay the same amount of taxes as the middle class like most of us do. Does that mean that people on the lower end should have to pay in the same percentage of taxes on what they make. That of course would take the HUGE earned income tax checks going to people that end up not paying 1 penny into our system but yet receiving thousands back in earned income. We talk about equality in the US and everyone wants to be treated the same, not at tax time.

You really need to do some real research on this. I think you will find that the "rich" are the ones that are picking up most of the taxes. You will probably find how that they donate lots and lots of money yearly to different charities. Things that they may not would do if they were paying in more taxes.

Quote from Warren Buffet - a respected billionaire

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"The 400 of us pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent."

Yeah, but avoid questions you dont want to answer.nm - YOU are the hypocrite!.nm

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nm

And what message are you posting to? - nm

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Brilliant words by Buffet. - nm

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nm

thanks for the quote - well said

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Yeah, look at a quote but avoid a legitimate question.nm - HaHaHa

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nm

People ARE addressing the issues and questions - anon

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That's all I'm reading is this one poster keeps posting about avoiding issues and questions.

They ARE being addressed. Just because it's not the answer you want doesn't meant they are not being addressed.

This is one profession where people should know what it - feels like to have jobs offshored. (sm)

[ In Reply To ..]
Voting for the tea party or the republicans will guarantee that more jobs are offshored. Big business isn't interested in American workers. Sounds downright treasonous to me.

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