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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (397943)	7/11/2008 12:46:33 PM
From: HPilot	Respond to of 1576418

No we're not.....we're talking wealthy fat cats.......Pickens, Soros, Buffet, the Hiltons etc. The lower limit of that range would include wealthy small business and professionals. The more successful doctors and lawyers, as well as the fat cats you mentioned. The small business and professional people outnumber the fat cats.

To: tejek who wrote (397943)	7/11/2008 6:32:15 PM
From: Brumar89	Respond to of 1576418

You didn't answer the question. If you think the richest 1% of taxpayers paying 40% (39.38% to be exact) of income taxes to be not enough, what percentage do you want it to be? To break into the top 1 percent, a tax return had to have an AGI of $364,657 or more. taxfoundation.org And while I'm at it. Why are liberals addicted to crude marxist ideas about the rich and class warfare? And isn't it weird that the party that preaches class warfare and resentment of the wealthy run people for office who are all extremely wealthy themselves? The Obama's are in the top 1%. The Clinton's have become wealthy. Kerry, Edwards, Gore, Pelosi - all rich as midas. People need to get over this stupid resentment of people who have achieved success. Rich people being rich don't make you or anyone else poorer.

To: tejek who wrote (397943)	7/11/2008 6:51:13 PM
From: Brumar89	Respond to of 1576418

Middle-Income Tax Burden: Lowst Level in Decades Busting the lie that middle income folks haven't benefited from tax cuts and won't be hurt by their repeal. WASHINGTON, D.C. – Recently released Congressional Budget Office (CBO) data show that the total effective federal tax rate (including income, payroll, and excise taxes) of the middle fifth of households declined after 2001 to its lowest levels since at least 1979 (see chart above). Under the 2001 and 2003 tax relief legislation, the income tax as a share of income for the middle fifth also has fallen to its lowest levels in decades. In 2005, the CBO data indicate that in the middle fifth, the total effective tax rate was 14.2%, while the effective individual income tax rate was 3%. These figures compare to 2000 levels of 16.6% and 5.0%, respectively. Between 2003 and 2005, the total effective tax rate for the middle fifth edged up, but still remained far below the levels of the previous 24 years. The CBO analysis shows that the 2001 and 2003 tax cuts have lowered the effective tax burden on middle income taxpayers to the lowest levels since at least the late 1970s. The CBO tax figures, put into historical perspective, also show that the income tax burden of middle income households has been reduced to its lowest levels in many years. Note: Most households do not remain in a specific quintile for extended periods of time. mjperry.blogspot.com