On Jan 25, 9:12*pm, "D. Peter Maus"
wrote:
On 1/25/10 19:48 , wrote:





On Mon, 25 Jan 2010 15:08:23 -0600, "D. Peter Maus"
*wrote:

On 1/25/10 14:56 , wrote:
On Mon, 25 Jan 2010 18:14:13 +0000 (UTC), * wrote:

And don't feed me the limpBALLS classic line about that the rich do pay
taxes.... * most don't pay anymore then, and more then less then we do.
Proven fact

TOo true

The "they pay most of the taxes" is a false claim, misdirection, and
totally stupid way of trying to deflect the core principles

* *According to the IRS:

* *86% of all Federal Income Taxes are paid by the top 25% of income
earners.

* *97% of all Federal Income Taxes are paid by the top 50% of income
earners.

* *50% of all Federal Income Taxes are paid by the top 1% of income
earners.

* *From the Wall Street Journal:

* *"Notably, however, the share of taxes paid by the top 1% has kept
climbing this decade -- to 39.4% in 2005, from 37.4% in 2000. The
share paid by the top 5% has increased even more rapidly. In other
words, despite the tax reductions of 2001 and 2003, the rich saw
their share of taxes paid rise at a faster rate than their share of
income.

THe taxes they pay are miniscule related to the amount they make.

* *So what?



Since they own 80% of all the wealth--I'd say they're getting off
cheap.

* *Thankfully, what you say isn't incumbent on the rest of us.

It already is, and has been for the last 29 years. One significant
measure of wealth, particularly for the average American, is personal
savings. Since Reagan took over and pushed through Reaganomics,
personal savings have steadily declined over the last 3 decades.
Looking at personal savings of the wealthy is pointless since they
have a variety of financial back-up plans always in action, from
varied investments to numerous personal assets to obscene salaries and
bonuses, all beyond that which is attainable by the average American,
so measuring their wealth is better measured in dollar income
thresholds.

http://www.motherjones.com/files/ima...al_Savings.jpg

http://www.uscentrist.org/platform/docs/irs-490px.gif

Interesting, isn't it, the correlation between the decline of the
average American and the steep rise of the top .1% over the same
period of time since Reagan? And that's for *point* 1%, not 1%.
That's how few have benefited so greatly under the trickle-down
theory, only it seems to have kind of trickled up at everybody else's
expense.