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To: SeekAndFind

This argument ignores the fact that most of the “rich” have no income. Their lawyers and accountants insure this.

I know several people with incomes pushing towards, or past, seven digits, and they’re laughing at all the arguments about taxes. They pay very little and are living fat.

The Middle Class pays almost all taxes. Historically, this is the way it’s always been, and probably will be since they seem incapable of recognizing reality.

Slowly boiling pot...meet frog.


5 posted on 06/02/2011 9:17:17 AM PDT by warchild9
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To: warchild9

Yes! The rich often have no official income. They are not hurt by higher taxes; it is those seeking to become rich who are hurt by higher taxes. Perhaps the elite design things this way to keep the riff-raff out of their neighborhoods. ;-)


6 posted on 06/02/2011 9:30:22 AM PDT by Pining_4_TX
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To: warchild9

Well....the middle class is where the money is. Collectively speaking...............


9 posted on 06/02/2011 9:35:21 AM PDT by Osage Orange (The MSM is an enemy of the United States of America)
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To: warchild9; SeekAndFind
The Middle Class pays almost all taxes. Historically, this is the way it’s always been, and probably will be since they seem incapable of recognizing reality.

If you're talking about federal income taxes, you're wrong. For tax year 2008, the top 1% paid over 38%. The top 5% of wage earners paid over 58% of all income tax revenues. The top 10% paid over 69% of all income tax revenues. And the top 25% paid over 86% of all income tax revenues.

Keep in mind that less than 50% of the total inhabitants of all ages in the United States actually works. The middle class, or middle 50% of all wage earners (25%-75% of wage earners), pays about 15% of total federal income tax revenues
10 posted on 06/02/2011 9:35:58 AM PDT by aruanan
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To: warchild9
This argument ignores the fact that most of the “rich” have no income. Their lawyers and accountants insure this.

Oh...they have "income" alright...but - as you point out - it is hidden by their accountants and lawyers.

I know several people with incomes pushing towards, or past, seven digits, and they’re laughing at all the arguments about taxes. They pay very little and are living fat.

As do I...in fact, I have three "rich" brothers. Their occupations put them each well over "six figures"...one is just below seven figures. And each of them have the appropriate accounting/legal staff to ensure that their income is "screened" such that their actual taxes usually amount to less than is paid by a wage earner at the $47,500 annual level.

The Middle Class pays almost all taxes. Historically, this is the way it’s always been, and probably will be since they seem incapable of recognizing reality.

And don't think our wonderful federal and state politicians are not completely and totally aware of this!! Why do our reps tout higher taxes on the rich?? Because they know that they are safe from the tax man! Hell. They write the laws. It isn't the IRS that is the evil in the land; they're just armed collectors. The evil in the land is the representatives...IMHO...ALL OF THEM!!

17 posted on 06/02/2011 9:46:29 AM PDT by Logic n' Reason (The stain must be ERADICATED....NOW!!)
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