On Oct 26, 2:59 pm, MJ <[email protected]> wrote: > According to the most recently released IRS data (Excel file), in tax year > 2009, the top 1 percent of taxpayers (in terms of adjusted gross income) paid > 36.73 percent of all federal income taxes. The top 5 percent of taxpayers > paid 58.66 percent. The top 10 percent of taxpayers paid 70.47. The top 25 > percent of taxpayers paid 87.3 percent of the taxes, and the top 50 percent > paid a whopping 97.75 percent.
The problem with this argument is that the rich have ways to hide and write-off money that aren't available to average people.... or even above average people. > The 5.6 percent surcharge on incomes over $1 million now proposed by > Democrats wouldn’t make a dent in the debt or the deficit. Sure it would, but it should actually be a surcharge on people who make a quarter of that. > And if all of the taxable incomes of all American millionaires and > billionaires were simply confiscated, it still wouldn’t even equal the > deficit. Another argument with no details. Depends on what the tax rate is. > The government doesn’t need any additional revenue sources. The problem is > simply that members of Congress, Democrats and Republicans, have an > insatiable desire to spend money -- other people’s money -- the majority of > it on projects that are clearly unconstitutional and immoral and beyond the > scope and purpose of a limited government. > The income tax is a vast income-redistribution and social-engineering scheme. Zero tax rates are also a social engineering scheme. Which by the way, if they worked as well as you "believe" they would, the whole world would have already done it. > It was never just about raising revenue. It was born of envy and class > warfare, and it is maintained by coercion and violence. It is theft on a > grand scale and wealth destruction writ large. Kind of like how the country was founded? > We don’t need gimmicks like the FairTax or Herman Cain’s 9-9-9 plan, both of > which provide the government with essentially the same amount of taxpayer > money as it currently receives. It would? The only economists who believe that, aren't economists at all. > The income-tax rates don’t need to be made fairer or less progressive. The > income-tax base doesn’t need to be expanded. The income-tax code doesn’t need > to be simplified or shortened. The income-tax system doesn’t need its > loopholes closed. The whole rotten system needs to be abolished and replaced > with nothing. Nothing is the answer? To what? <ding ding ding> Sorry; "more progressive" is the answer we were looking for. The earth is flat, and idea of gravity stops with 18th century Newtonian mathematics too right? Amazing. -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
