If you want to skip my jargon, my point is the rich owe roughly $34,000,000,000 in taxes in 2007 alone.
Hey there, good ol' US of A!
If you're a patriot, you're probably in favor of the super-rich, as you've been told they pay the highest % of tax of their income!
According to the IRS, they pay almost 40% of their income in tax a YEAR! WOAH!! No wonder the US is so loaded!
Oh - wait a second... There's a cap on that tax? And the cap isn't even half a million dollars?
Well, since 1% own 40% of the goods...
Let's find out how much, in percentages, the top 1% is paying!
The following statistics are taken from the National Taxpayer's Union. And here's the link:
So... According to these numbers, the rich, in 2007 were paying just over 40% (38% in 2008, 36.7% in 2009, and declining, although the 2010 and 2011
taxes have not been posted) of there income in taxes, which is the highest they've ever paid! How generous and thoughtful towards the rest of America
they, and the government is!
Oh - wait a second... There's a limit of $411,000 ($380,354 in 2008, $343,927 in 2009, declining, but more recent years not yet posted)
Well that's probably still a big percent! Let's find out, shall we?
Well first, let's try and find the medium yearly-earning for the top 1%. This is incredibly difficult to find. Why? Because almost all sources of
statistical information in the US say that "In order to be included in the top 1% of taxpayers in the US, you must make roughly $400,000 a year."
(Roughly 300,000 in some areas, roughly 500,000 in others) Okay, that's fine and dandy, but to anyone with a brain, the super-rich obviously make more
that $400,000 a year, therefore, this information is not only completely useless, but also misleading and perhaps even harmful to the many people who
don't want to spend their time thinking about this all day.
If one were to look at this graph, he would assume the people paying all that they deserve to in taxes is... well... EVERYONE, right?
Yep. Add those numbers up, and you'll get a staggering 100% of the population!
When people think of the top 1% of Americans, they're thinking of the super-elite. The problem with that is, the top 1% aren't anywhere NEAR the
super-elites in the US.
While MOST families in the top 1% are paying close to what they owe, there are a few family households in the US which would make even most of the
1%'s vomit in sight of the absolute greed.
Here's the graph explaining it!
Here's a wiki snippet!
“As of 2005 there are approximately 146,000 (0.1%) households with incomes exceeding $1,500,000, while the top 0.01% or 11,000 households had
incomes exceeding $5,500,000. The 400 highest tax payers in the nation had gross annual household incomes exceeding $87,000,000. Household incomes for
this group have risen more dramatically than for any other. As a result the gap between those who make less than one and half million dollars annually
(99.9% of households) and those who make more (0.1%) has been steadily increasing, prompting The New York Times to proclaim that the “Richest Are
Leaving Even the Rich Far Behind.” Indeed the income disparities within the top 1.5% are quite drastic. While households in the top 1.5% of
households had incomes exceeding $250,000, 443% above the national median, their incomes were still 2200% lower than those of the top .01% of
households. One can therefore conclude that almost any household, even those with incomes of $250,000 annually are poor when compared to the top .1%,
who in turn are poor compared to the top 0.000267%, the top 400 taxpaying households.”
The fact is, if we included the top 0.0002% of the wealthy in this graph, the section that says "42%" would probably shrink to something more like 5%,
and it would be much easier to see that it's 400 select families that actually own roughly 40% of all of the US assests and cash.
THE BOTTOM LINE IS THIS:
Since this money is obviously not trickling down at the appropriate
meaning fair for the other 99.9998% of Americans,
according to the "Ideal" Democracy of the founding fathers. And yes, this is indisputably what most of them had in mind.) we should be lifting this
"cap" on the gross tax due.
Let's figure that out using the numbers from 2007.
Because the median salary of these 400 families is over $87,000,000 (some being much, much, much higher) meaning that in order to pay what the US has
decided their "fair share" is, they would pay $34,800,000. Instead, they paid $400,000.
So what is the American public being short-sided with?
400 x 87,000,000 = $34,800,000,000
400 x 400,000 = $160,400,000
So, between only 400 families in America... we're still owed 34.639 BILLION DOLLARS
So why couldn't they pay this?
Was it because we didn't need the money? Was it because their families couldn't survive on a median of 50 million dollars a year?
This was money that was supposed to be spent on education, transportation, medicine, social security, national security, veteran pensions, and so
on... Yet it remains "play money" for the American Royalty - and they're doing it right under their noses.
So did we decide they could keep the money, America? Or is government just buried too deep underneath their spare change for us to dig it out?
You tell me.
Oh - and one last interesting fact... That money that they OWE OUR GOVERNMENT, SINCE WE ALL PAID OUR FAIR SHARE... WOULD EQUATE TO OVER A THOUSAND
DOLLARS FOR EVERY AMERICAN.
That means these people, literally, took $1000 out of every American's pocket that we had already decided was dedicated to fixing our "situations"
(Yes, situations with an "s." Not "situation")
edit on 26-4-2012 by thegagefather because: (no reason given)
edit on 26-4-2012
by thegagefather because: (no reason given)