Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (111859)	3/1/2008 7:33:13 PM
From: TimF	Read Replies (1) \| Respond to of 132070

* in 2001 the top 1% of americans owned 39.7% of american wealth. Thank you for providing me the data I needed to confirm my point. Combine that with the data here. Message 24347688 The top 1% paid 39.38% of federal income taxes. Which means they pretty much paid a share of the income taxes roughly equal to their share of the wealth. Well that's not exactly a confirmation, because I thought they paid a bit more, but a roughly equal amount will easily do. Even if they didn't that doesn't mean they pay an amount that is unfairly too low, because the percentage of income taxes that they pay is well above their percentage of income taxes. oh, and the reason you don't care is b/c you care waaaaay to much about yourself and waaaaay to little about the people getting getting shafting. 1 - I am not very wealthy, nor do I have a top 1% (or even top 20%) income. 2 - The people getting the shaft here are those with high incomes. Well not just them, people are over taxed all around in the US, but they get the shaft to a greater degree.