another interesting take on that pile of irs data released last week---if you tax america's millionaires and billionaires 100%, you won't make a dent
IRS: 235,413 million-dollar earners - Jennifer Epstein - POLITICO.com
social security, medicare, medicaid, pensions and other federal entitlements are sinking an additional 5.3 trillion dollars per year
U.S. funding for future promises lags by trillions - USATODAY.com
"Tax rates on the richest Americans have plunged in recent years, and millionaires today pay tax rates that are 25 percent lower than they were in 1995. Meanwhile, income inequality is the worst its been since the 1920s, with the top 1 percent of Americans taking home 25 percent of the country’s total income. Just the richest 400 Americans hold more wealth than the bottom 50 percent of Americans combined, and the richest 10 percent of Americans control two-thirds of the country’s net worth."
Let's repeat that again for dramatic effect: "Just the richest 400 Americans hold more wealth than the bottom 50 percent of Americans combined."
Last edited by AdamT; 08-11-11 at 06:50 PM.
RealClearPolitics - Video - Moore On Wealthy People's Money: "That's Not Theirs, That's A National Resource, It's Ours""They're sitting on the money, they're using it for their own -- they're putting it someplace else with no interest in helping you with your life, with that money. We've allowed them to take that. That's not theirs, that's a national resource, that's ours. We all have this -- we all benefit from this or we all suffer as a result of not having it," Michael Moore told Laura Flanders of GRITtv.
seeya at the polls, progressives
I further pointed out that over 65 million income earners aren't paying any FIT so tell me what their fair share is? You seem to hate rich people, I don't as that is what I always tried to become thus allowing me to need less of that so called govt. help and to spend my money on the charities that I support without deducting federal administrative costs?