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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (113286)	9/20/2011 11:31:51 AM
From: longnshort	4 Recommendations Read Replies (2) \| Respond to of 224755

.2 % make over one million a year and that .2 (that's two-tenths) % pay 21 % of all taxes. You are right that is not fair. They are being cheated big time

To: Kenneth E. Phillipps who wrote (113286)	9/20/2011 11:33:19 AM
From: longnshort	2 Recommendations Read Replies (1) \| Respond to of 224755

Is this fair ?? This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes and payroll taxes, according to the Tax Policy Center, a Washington think tank. Households making between $50,000 and $75,000 will pay 15 percent of their income in federal taxes. Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent.

To: Kenneth E. Phillipps who wrote (113286)	9/20/2011 11:56:40 AM
From: longnshort	2 Recommendations Respond to of 224755

I think congress should subpoena Buffett and his tax returns and get to the bottom of his claim. If we are to base our taxes on the claim he pays less than his secretary, his return and hers should be available for inspection. Meanwhile, here are some facts about who pays what from the CBO: The Progressivity of the Tax System The CBO has released a new report on effective tax rates (total taxes divided by total income). Compared with previous reports, it includes more information about thin slices at the top of the income distribution. Here are the total effective federal tax rates for 2005, the most recent year available: Lowest quintile: 4.3 percent Second quintile: 9.9 percent Middle quintile: 14.2 percent Fourth quintile: 17.4 percent Percentiles 81-90: 20.3 percent Percentiles 91-95: 22.4 percent Percentiles 96-99: 25.7 percent Percentiles 99.0-99.5: 29.7 percent Percentiles 99.5-99.9: 31.2 percent Percentiles 99.9-99.99: 32.1 percent Top 0.01 Percentile: 31.5 percent N.B.: These figures include all federal taxes, not just income taxes. gregmankiw.blogspot.com h/t Bill

To: Kenneth E. Phillipps who wrote (113286)	9/20/2011 12:35:44 PM
From: lorne	2 Recommendations Read Replies (1) \| Respond to of 224755

kenny..."Milllionaires and Billionaires are not paying their fair share. It's that simple.".... And just what O brilliant one do you consider " Fair " ?? You quote the words of your idol in the White house so tell us O wise one...what is fair??

To: Kenneth E. Phillipps who wrote (113286)	9/20/2011 1:51:41 PM
From: chartseer	2 Recommendations Respond to of 224755

Define fair share.

To: Kenneth E. Phillipps who wrote (113286)	9/21/2011 11:00:45 AM
From: Follies	3 Recommendations Respond to of 224755

This is how Kenny defines FAIR SHARE... The ant works hard, in the withering heat, all summer long. He builds his house and stores supplies for the winter. The grasshopper thinks that the ant is a fool. He laughs, dances and plays the summer away, preparing nothing for the coming winter. Winter comes, the ant is safe and warm. The shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and fed, while others are cold and starving! CBS, NBC, ABC & CNN show up to provide pictures of shivering grasshoppers, next to a video of an ant in his comfortable home, with a table filled with food. America is stunned by the sharp contrast! How can this be, that in a country of such wealth, this poor grasshopper is allowed to suffer this way? Kermit the Frog appears on Oprah, with the grasshopper. Everyone cries when they sing "It's Not Easy Being Green". Jesse Jackson stages a demonstration in front of the ant's house, where the news stations film the group singing "We Shall Overcome". Jesse then has the group pray for the grasshopper's sake, and reminds the group to contribute to his group, so that he can "continue the fight" for grasshoppers, everywhere! Ted Kennedy & John Kerry exclaim, in an interview with Tom Brokaw, that the ant has gotten rich, off the back of the poor grasshopper! Both call for an immediate tax hike, to make the ant pay "his fair share"! Finally, the EEOC drafts the "Economic Equity For Grasshoppers Act", retroactive to the beginning of the summer. The ant is fined for failing to hire the proportionate number of green bugs and, having nothing left to pay his retroactive taxes, his house is confiscated by the government. Hillary Clinton gets her old law firm to represent the grasshopper, in a defamation suit against the ant. The case is tried in federal court, with a jury comprised of unemployed welfare recipients. Surprise! The ant loses the case! The story ends, as we see the grasshopper finishing up the last bits of the ant's food, while the government house he lives in (which happens to be the ant's old house) crumbles around him, due to lack of maintenance! The ant has disappeared in the snow. The grasshopper is found, dead, in a drug-related incident. The house, now abandoned, is taken over by a gang of spiders, who terrorize this once-peaceful neighborhood. righttruth.typepad.com