PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: rich4eagle who wrote (214633)	1/4/2002 10:56:41 AM
From: Mana	Read Replies (4) of 769667

As President of my own country, my first objective will be to come by and "smile" at you. Maybe you could shove your head up my ass too I wouldn't call that a vicious attack, but I guess it can be seen as rude and childish. For that I apologize. I challenge you and will wage all my wealth against all your wealth including your underwear that more than 50% of wage earners pay taxes. Your time to put up or shut up! You can keep your nickles , I only bet on blackjack. Here is some info for you I found quickly. I will find others if need be. An enormous percentage of taxes are payed by a minority of Americans: The Top 1% of taxpayers pay 29% of all taxes. The Top 5% of taxpayers pay 50% of all taxes. Our tax system is not so much progressive as it is confiscatory -- Frederic Bastiat called this phenomenon "legal plunder." A progressive tax is based on the premise that those with more income can afford to pay more taxes, and conversely, those with little or no income should pay no tax. However, a quick look at Graph 1A below shows that the U.S. tax system has become far beyond progressive. Fully half the taxpayers contribute almost nothing in individual income taxes. The Top 1% of income earners (comprising about 1 million families) earn about 15% of the total income earned by all wage earners in the United States, yet they pay almost 30% of all individual income taxes. Furthermore, the Top 1% are shouldering a roughly 50% higher proportion of the overall income tax burden than they did in 1977. The argument most oft used against tax breaks are that they benefit only the wealthy. It is clear from even a cursory look at the numbers below that the 'wealthy' will receive the majority of any income tax reduction because they pay a disproportionately huge percentage of the income taxes! To structure a tax break such that those in upper income brackets are excluded would constitute nothing more than transfer of wealth from those who have it to those who don't (i.e. legal plunder.)http://www.allegromedia.com/sugi/taxes/#Head-1.htm Meanwhile you are quite the person. Quit, you're making me blush. -Mana

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