Wayne...you do understand that you are comparing CORPORATE income tax with PERSONAL income tax and that PERSONAL income tax is the subject, right ?

Who knows
 

what one understands, but figures don't lie.


The top 1% pay over a third, 34.27% of all income taxes. (Up from 2003: 33.71%) The top 5% pay 54.36% of all income taxes (Up from 2002: 53.80%). The top 10% pay 65.84% (Up from 2002: 65.73%). The top 25% pay 83.88% (Down from 2002: 83.90%). The top 50% pay 96.54% (Up from 2002: 96.50%). The bottom 50%? They pay a paltry 3.46% of all income taxes (Down from 2002: 3.50%). The top 1% is paying nearly ten times the federal income taxes than the bottom 50%! And who earns what? The top 1% earns 16.77% of all income (2002: 16.12%). The top 5% earns 31.18% of all the income (2002: 30.55%). The top 10% earns 42.36% of all the income (2002: 41.77%); the top 25% earns 64.86% of all the income (2002: 64.37%) , and the top 50% earns 86.01% (2002: 85.77%) of all the income.

For Donna http://www.cbpp.org/cms/?fa=view&id=...ntent=My+Yahoo
for BK I am in the middle class. that much you got right. I did not say I was being brought down to the poverty level by the gov't and I did not say I was trying to get everthing from the gov't. What I am saying is that your post against the middle class is uncalled for.
Bucco, I do understand. What I don't understand is that I paid more U.S. federal income tax than a corporation that showed a profit of $45 BILLION and some posters say the middle class gets too many tax breaks.
And finally so what if the rich pay more taxes than anyone else. They are supposed to. They are alotted far more advantages and they have the most to lose. Just let them pay at the rates when Reagan was President. They seemed to do alright then. And please don't tell me how many jobs the rich have created and that if we tax them at a higher rate they will stop creating jobs.

the richest 400
 

From Waynet

"Bucco, I do understand. What I don't understand is that I paid more U.S. federal income tax than a corporation that showed a profit of $45 BILLION and some posters say the middle class gets too many tax breaks."


If you do understand that the thread is about PERSONAL income taxes...then why do you keep alluding to CORPORATE taxes ? There is no comparison for you to make !!!

If you want to start a thread on CORPORATE tax then please do so and remember that our wonderful congress is the body that writes the laws that allows corporations to set up small subs in other countries, etc. So your constant attack on anyone who YOU consider to be upper class is unwarranted.

You still didn't answer my question waynet. Respectively, how am I punishing anyone? How did I contribute to the problem you described? With all due respect, you said you are part of, "an ever shrinking middle class."
If the middle class you are still apart of is shrinking, where are they going? They aren't disappearing from the face of the earth. They are either getting poorer or richer if they are "shrinking." Right?

And you also said, "when someone like you wants to take away the few advantages that I have tax wise..." I just assumed you were trying to get everything you can back from the government.

To be honest, I don't blame you. It's your money anyway. The discussion wasn't about big corporations. I didn't defend them and the government regulations and tax breaks they get.

But please, answer my first questions.

I am a bit confused....didnt this thread begin as a discussion on the 47% of american folks who pay no federal income taxes and actually use it as an income stream.

I dont recall anyone complaining about tax rates of the rich...or corporate tax at any time !

Politics of envy? As old as the hills. Have you ever worked for a poor man? Oh, that's right, you said you were a teacher so you worked for a rich country? Who paid your salary? Not the bottom 47%, huh?

Donna....less you forget Income taxes are NOT the only taxes that are paid. Payroll taxes, Social Security Taxes and Medicare Taxes as well as property taxes. In most states it is property taxes which primarily fund the school systems. The bottom 47% do pay property taxes and might not pay income taxes based on deductions. Remember the child deduction was increased to $1000 per child. Working families can contribute to a childcare spending account as well as a healthcare spending account which will reduce the federal income tax bill.


Bet they didn't come all this on Fox Noise.....

Not hardly.....Haven't you read the papers lately?

Middle class spending has been the driving economic force. When that dries up the economic tanks. Just look around now the banks and wall street are soaring but....

So, cologal, if you already knew that, why did you say, "I can't believe what I am reading..."? I'm not be adversarial with you at all. But what you just said, "Middle class spending has been the driving economic force. When that dries up the economic tanks," that is the basic premise of the original article.

Yes I have. The stimulus package was suppose to create 3.6 millions jobs. The only "jobs" it has created are teachers and census takers. Those are not really "jobs" since they are paid by tax money.

This thread is about income taxes.

I did not get my info from Fox News.

Does it make sense when people justify, uphold and endorse ways for the average middle class to escape paying taxes, but then not to blink when new taxes are imposed?