oh dear, there goes that myth

[dogtowner]

sorry OCCs, you got it wrong

The presidential election has given us two myths about the rich. First, that their incomes, and income inequality, are at all-time highs. Second, that the wealthy pay less in taxes than ever, and lower taxes than the rest of us.

A recent report from the Congressional Budget Office, however, suggests that both may be false.
Let’s consider income first. Between 2007 and 2009, after-tax earnings by Americans in the top one percent for income fell 37 percent. On a pre-tax basis they fell 36 percent in the same period.

That may sound like a minor haircut for One Percenters compared to people who lost their jobs. But when you take into account federal transfers, assistance and taxes paid, the incomes of the bottom 20 percent grew by 3 percent, while it fell a modest 2 percent for the middle 20 percent.

In other words, the incomes of the top one percent fell 18 times more than the incomes for the middle class at the start of the recession.

 

[BigRob]

sorry OCCs, you got it wrong

To follow on to your point:

Senator Portman was recently touting this CBO report:

"In a second report, the CBO said that in both 2008 and 2009, the highest-earning 20 percent of taxpayers paid 94 percent of the total income tax burden – up from 86 percent in 2007, and 81 percent before the 2001 tax cuts. In other words, higher-income Americans have been paying a bigger and bigger part of the total tax burden under the so-called “Bush tax cuts.”

http://cbo.gov/sites/default/files/cbofiles/attachments/43373-06-11-HouseholdIncomeandFedTaxes.pdf

 

[dogtowner]

To follow on to your point:

Senator Portman was recently touting this CBO report:

"In a second report, the CBO said that in both 2008 and 2009, the highest-earning 20 percent of taxpayers paid 94 percent of the total income tax burden – up from 86 percent in 2007, and 81 percent before the 2001 tax cuts. In other words, higher-income Americans have been paying a bigger and bigger part of the total tax burden under the so-called “Bush tax cuts.”

http://cbo.gov/sites/default/files/cbofiles/attachments/43373-06-11-HouseholdIncomeandFedTaxes.pdf

it just gets better and better huh ?

 

[Cruella]

Portman is going down. I just hope his votes don't take down the Republican candidate too. Did the Democrats buy him off or blackmail him?

 

[PLC1]

It sounds like things are moving in the right direction. Huge disparities of income serve no one well and tend to make the country more and more like a third world mess.

But, to what do we attribute this trend?

 

[dogtowner]

It sounds like things are moving in the right direction. Huge disparities of income serve no one well and tend to make the country more and more like a third world mess.

But, to what do we attribute this trend?

shitty economy

 

[Cruella]

Ask not what you can do for yourself and your country, ask instead what others can do for you, that your too damned stupid and lazy to do for yourself.

 

[Johnny Tremain]

It sounds like things are moving in the right direction. Huge disparities of income serve no one well and tend to make the country more and more like a third world mess.

But, to what do we attribute this trend?

Third World Attitudes from a LARGE amount of people who want a handout.
It's as simple as that. Other generations found a way in FAR worse circumstances.
That struggle and learning curve is the quintessence of freedom.

 

[GenSeneca]

Huge disparities of income serve no one well and tend to make the country more and more like a third world mess.

**cough-bullshat-cough**

"We have so many people who can't see a fat man standing beside a thin one without coming to the conclusion that the fat man got that way by taking advantage of the thin one!" -Ronaldus Magnus

 

[PLC1]

Third World Attitudes from a LARGE amount of people who want a handout.
It's as simple as that. Other generations found a way in FAR worse circumstances.
That struggle and learning curve is the quintessence of freedom.

So, your theory is that the people at the bottom of the economic ladder have seen an average increase in income due to handouts?

 

[TheJPRD]

So, your theory is that the people at the bottom of the economic ladder have seen an average increase in income due to handouts?

Johnny's statement isn't a "theory", it's a fact! When I was a young man, those people in poverty might have gone for days without eating, gone without decent clothes for school, and wouldn't even have dreamed of owning a car. Societal morality was different back then, and most folks in poverty wanted desparately to work. Now, many in "poverty" don't even try to work, they receive food stamps to ensure they'll eat, they own one or two televisions, an x-box, a cell phone, and a car..... and to state the fact again, they do nothing to earn it! Saying that the truth is a "theory", doesn't fit the definition of either term.

 

[Johnny Tremain]

Johnny's statement isn't a "theory", it's a fact! When I was a young man, those people in poverty might have gone for days without eating, gone without decent clothes for school, and wouldn't even have dreamed of owning a car. Societal morality was different back then, and most folks in poverty wanted desparately to work. Now, many in "poverty" don't even try to work, they receive food stamps to ensure they'll eat, they own one or two televisions, an x-box, a cell phone, and a car..... and to state the fact again, they do nothing to earn it! Saying that the truth is a "theory", doesn't fit the definition of either term.

It's known as the democrat party's way of buying votes.


The price is--demi-slavery and raising your family in a drug-infested hell-hole with bullets flying through your walls 24/7--
and constant and violent crime. Everyone--including you--will fail at a 97% rate.


THAT--folks--is the gift, credo and reason for existing of this
accursed plague of liberalism known as the democrat party, 2012.

 

[Cruella]

One summer my neighbor was having a rough go of it and she had three little kids. I told her she needed to apply for food stamps. She started crying and said she was too embarassed to not only go down to apply but to use them at the store. That's how people used to feel about not being able to pull their own weight.

 

[Johnny Tremain]

One summer my neighbor was having a rough go of it and she had three little kids. I told her she needed to apply for food stamps. She started crying and said she was too embarassed to not only go down to apply but to use them at the store. That's how people used to feel about not being able to pull their own weight.

They are there for those in need--and no one should be ashamed.
But, they should use them as a crutch--not a motorized wheelchair.

 

[Cruella]

They are there for those in need--and no one should be ashamed.
But, they should use them as a crutch--not a motorized wheelchair.

Hey Johnny, that would make a great bumper sticker.