“The top 1 percent of earners’ pre-tax income dropped 36 percent between 2007 and 2009, while the four lowest quintiles saw a loss of only about 5 percent”
This is FABULOUS news to the Hateful Hussein Heads!
I’m sure that the 5% loss MORE than makes up for the losses suffered by the people they hate the most!
And now that getting EBT is STATUS, then the ‘Heads are ahead!
Heil Hussein!!!
The Congressional budget office says the top 20% of earners pay 68% of all the income taxes paid while the bottom 20% pay nothing. Obama says 68% is not a fair share, and I agree with him. The top earners do indeed deserve a tax cut.
the top earners only made money because the tax free proletariat bullt roads and bridges for them and the government (Algor?) invented the internet (take that, Steve Jobs and Bill Gates)
I think the rich should pony up at least another 20% of their income to obama to redistribute to the proletariat
sarc
“The top 20 percent of earners — the top quintile — bore 67.9 percent of the federal tax burden in 2009”
I’ve said it before, and I’ll say it again. LET THE BUSH TAX CUTS (and other tax cuts) all expire on Jan 1, 2013. I say it for a number of reasons:
The first reason is to resurrect Bush’s reputation (and no, I’m not crazy about him, but I don’t like the lying about his tax cuts)- if anything, his tax cuts were bottom-heavy, but he gets ZERO APPRECIATION from the masses on it - well, then, we’ll just have to take back those tax cuts.
Next, taxing the poor and middle classes is the ONLY way to actually raise revenue for the government. Yes, there’s a limit to what you can get, but at this point, they essentially pay nothing in taxes, and in many cases, receive money just for filing their tax returns (i.e., Earned Income Credit). It’s time to make a lot more of them into net tax payers.
Next, if we want a $4T government, then we should PAY FOR IT, rather than dumping the HUGE deficit on to my kids, and later their kids. Yes, it would be great to cut government spending first, but Americans are in no mood for that. Just on this site, most older people are not about to give up their welfare money (i.e., what is called Social Security), so how can conservatives make a case that the lower classes should give up their welfare money? Not going to happen.
So that’s it. I realize that I’m supposed to toe the line regarding taxes, but I just HATE to dump a bankrupt country on my kids, and if the people DEMAND a huge federal government (including on this site), then it’s time to start paying for it.