RadioBanter - View Single Post - Tax Burden of Top 1% Now Exceeds That of Bottom 95%

dxAce · August 1st 10, 06:54 PM posted to rec.radio.shortwave

wrote:

On Sun, 1 Aug 2010 07:54:39 -0700 (PDT), Werner
wrote:

They contribute nothing of value to the Nation, provide no military
service, can buy their way out of most everything, afford anything

If the tax code allows them to pay nearly nothing how is it they pay
40%?

Facts are dependent on who interprets them. However, if they own 90%
of all the wealth, and pay less than 1% of their income in taxes,
(while the working poor pay 100% after subsistence)---then, houston,
you have a problem

Well, the poor, (I'm one of them) pay no income tax, so therefore the money
that keeps things running comes from somewhere.

I recall hearing something about 44,000 folks in NYC that pay over 50% of the
taxes there.