RD Sandman wrote in
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"Scout" wrote in
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"John Smith" wrote in message
...
On 5/24/2011 12:21 PM, RD Sandman wrote:
John wrote in
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On 5/24/2011 11:40 AM, RD Sandman wrote:
John wrote in
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On 5/24/2011 10:47 AM, gfn wrote:
...
Sure it is. It gives a clear, concise and true picture of who
pays the federal income tax burden in this country. If you want
to talk about all taxes and all revenue that goes to the
government then your right. I know of no place that compiles
that data. ...
OK. Then, please cut and paste the relevant parts here, I need
them pointed out to me.
If you can't understand the date presented at that site, you have
no hope of understanding any data presented to you. Which
explains some of your ideas.....
If it is so simple, as you pretend, it would be no problem ... you
are attempting a circular argument ...

Just post something which proves your point ... if you can, from
the site you are claiming explains it openly ... DUH!
I didn't make that claim, however, here is the data:

2008

Top 1% AGI$380,354 Percentage 38.02
Top 5% AGI$159,619 Percentage 58.72
Top 10% AGI$113,799 Percentage 69.94
Top 25% AGI$ 67,280 Percentage 86.34
Top 50% AGI$ 33,048 Percentage 97.30
Bottom 50% AGI$ 33,048 Percentage 2.70

2007

Top 1% AGI$410,096 Percentage 40.42
Top 5% AGI$160,041 Percentage 60.63
Top 10% AGI$113,018 Percentage 71.22
Top 25% AGI$ 66,532 Percentage 86.59
Top 50% AGI$ 32,879 Percentage 97.11
Bottom 50% AGI$ 32,879 Percentage 2.89

Here is the site:

http://ntu.org/tax-basics/who-pays-income-taxes.html

The Virginian-Pilot
© May 15, 2011
By Don Tabor

Who really pays the baker's taxes? The baker may write the check,
but he does not bear the cost, and in that paradox lies the cause of
much of the bitter partisanship and polarization that poisons our
political process. But to understand that problem, we must consider
how taxes are applied to the production of goods and services.

So, how does the loaf of bread the baker sells come to market?

A farmer grew and harvested wheat for sale to the miller to be made
into flour for the baker. The farmer paid income taxes based on his
profit from the sale and property tax on his farm and equipment.
Those taxes were, from his point of view, just another cost of doing
business in the course of earning his living, no different from fuel
for his tractor or wages and taxes for employees.

Since every other farmer had roughly the same expenses and taxes,
the price they charge the miller must cover their expenses and
taxes, plus their after-tax disposable income and savings.
Otherwise, there would be no point in growing wheat. All of these
costs and taxes were passed on to the miller, embedded in the price
of wheat.

Likewise, when the miller sold the flour ground from the wheat to
the baker, his taxes, plus the income and Social Security taxes he
withheld from his employees, plus the farmer's taxes, were all
passed on to the baker.

The baker then sold his bread made from the flour, carrying with it
his own taxes plus those of his employees, plus all those previous
taxes from the farmer, miller and their employees, hidden in the
price of that loaf of bread. The buyer and his family ate the bread,
and, having done so, could not sell it to anyone else and pass the
taxes along, as the baker and everyone else before had done.

So, it is the consumer who paid the baker's taxes, along with the
farmer's taxes, the miller's taxes and the taxes they withheld from
all of their employees. From bread to automobiles to brain surgery,
the price of everything we buy carries in it the hidden taxes of
everyone who contributed to the production of that product or
service to the tune of, on average, 23 cents of every dollar we
spend for federal taxes alone.

Our complex, pervasive and expensive tax code is, in reality, a
scheme to draft businesses and individuals as unpaid and unknowing
tax collectors to gather a hidden sales tax and to keep voters from
realizing who really bears the burden of those high taxes.

There is no way around this central reality that all income and
business taxes are a deception and that all taxes are eventually
paid by the consumer, hidden in the price of goods and services. It
doesn't matter what tax rate is applied to which tax bracket, or
what deductions you receive. These devices change only the degree to
which you are a tax collector, but the burden taxes place on your
life depends solely on what you spend.

Paying this hidden consumption tax is unavoidable, but the illusion
of income-based taxing does a great deal of harm. First, it distorts
our economic decisions. Goods and services that are provided by
highly taxed individuals and companies, like health care, are
artificially more expensive than necessary, while raw materials and
natural resources are underpriced, leading to overconsumption and
waste.

But even worse, these hidden taxes distort the political process,
encouraging government overspending by politicians who exploit the
mistaken belief of many voters that government spending can be paid
for solely by taxing corporations or the "rich." All of the
exploitation of envy and demagoguery - which brings so much ill will
to our politics and drives wedges between Americans who would be
better served by mutual respect and compassion - is ultimately the
meaningless exploitation of a lie.

Our income tax system, with its escalating marginal rates, appears
progressive, but the reality is extremely regressive. Currently, the
lower income 45 percent of wage earners may pay no income tax
directly, but in reality, with their FICA taxes added to the hidden
embedded tax, their true federal tax burden is almost 30 percent of
their meager income.

Voters might well choose differently were they aware that government
spending is ultimately paid for by everyone, through an invisible
sales tax disguised as a high cost of living.

Guest columnist Don Tabor of Chesapeake is a grandfather,
Libertarian activist and proprietor of TidewaterLiberty.com. He is a
dentist in Norfolk and Hampton.

A flat tax, and NO OTHER TAXES! PERIOD!

Agreed. A flat tax. Mr A buys a product he pays the same tax as Mr. B.

Mr. A pays the same rate of taxes on his income that Mr. B does.

No exceptions, no exclusions, except those which apply to ALL.

If you're going to exempt Mr. A housing, food, medical, then Mr B gets
the exact same exemptions.

Otherwise, it's not a flat tax.




And it won't fix the problem he is whining about....which is the rich not
paying a hundred times what the poor do.


And truthfully you never will. It is childish whining to think so. The best
you can hope for is that everyone pays the same percentage without a
plethora of deductions and weasel outs.

AFter, of course, you tell me exactly how much the guv needs and why.

--
Herman Cain for President! http://hermancain.com/
If you don't support him you are a Racist!!
He beat Cancer. He'll beat Obama (who is just like cancer)

Remember Desert One, Carter 0? Ain't it sad to wish that Obama had as much
ambition but being glad he doesn't knowing he doesn't have THAT much
competence?