Why does the NAALCP and the liberals not only ignore, but celebrate Fidel Castro? When Cubas population is 70%

[JohnnyDetroit]

hell yeah the rich should get tax relief.
rather than everyone spouting what their parties tell them to say, or listening to the Liberal News on CNN or Conservative News on Fox based on #s from the IRS:

Almost 97% of ALL INCOME TAX is paid by the people who are the upper 50%. The upper 1% of this country pay close to 40% of the taxes but only make 20% of the income.

Rich bashing is getting old. Without these scumbag rich people where would the jobs come from? You think people locally here in Detroit would get just be able to make $30 an hour to watch a car go down an assembly line without the evil Fords? Atlas Shrugged by Rand is one of the greatest books in regards to this. The premise being one day all the rich, industry leaders, thinkers all say **** it and for the time in history THEY GO ON STRIKE. The world basically collapses.

 

[radiofreecostarica]

The upper 1% of this country pay close to 40% of the taxes but only make 20% of the income.

I'd really like to know where you guys get these numbers from? Your Sources?

Or is this "common knowledge"?

Either way, the upper 1% makes 20% (or one-fifth)of the income!

You're damn straight let's tax that 1%!

 

[JohnnyDetroit]

2000 #s released by the IRS, 20% of income covered under income tax.

Year: Total..................Top 1%............Top 5%.........Top 10%.......Top 25%..........Top 50%

Number of returns: [1]
1986: 102,087,623......1,020,876......5,104,381......10,208,762......25,521,906......51,043,811
1987: 106,154,761......1,061,548......5,307,738......10,615,476......26,538,690......53,077,380
1988: 108,872,859......1,088,729......5,443,643......10,887,286......27,218,214......54,436,429
1989: 111,312,721......1,113,127......5,565,636......11,131,272......27,828,181......55,656,361
1990: 112,812,262......1,128,123......5,640,613......11,281,226......28,203,066......56,406,132
1991: 113,804,104......1,138,041......5,690,205......11,380,410......28,451,026......56,902,052
1992: 112,652,759......1,126,528......5,632,638......11,265,276......28,163,190......56,326,380
1993: 113,681,387......1,136,814......5,684,069......11,368,139......28,420,347......56,840,694
1994: 114,989,920......1,149,899......5,749,496......11,498,992......28,747,480......57,494,960
1995: 117,274,186......1,172,742......5,863,709......11,727,419......29,318,546......58,637,093
1996: 119,441,767......1,194,418......5,972,088......11,944,177......29,860,442......59,720,884
1997: 121,503,284......1,215,033......6,075,164......12,150,328......30,375,821......60,751,642
1998: 123,775,831......1,237,758......6,188,792......12,377,583......30,943,958......61,887,915
1999: 126,008,974......1,260,090......6,300,449......12,600,897......31,502,244......63,004,487
2000: 128,227,143......1,282,271......6,411,357......12,822,714......32,056,786......64,113,572

Adjusted gross income floor on percentiles (current dollars):
1986: N/A......118,818......62,377......48,656......32,242......17,302
1987: N/A......139,289......68,414......52,921......33,983......17,768
1988: N/A......157,136......72,735......55,437......35,398......18,367
1989: N/A......163,869......76,933......58,263......36,839......18,993
1990: N/A......167,421......79,064......60,287......38,080......19,767
1991: N/A......170,139......81,720......61,944......38,929......20,097
1992: N/A......181,904......85,103......64,457......40,378......20,803
1993: N/A......185,715......87,386......66,077......41,210......21,179
1994: N/A......195,726......91,226......68,753......42,742......21,802
1995: N/A......209,406......96,221......72,094......44,207......22,344
1996: N/A......227,546......101,141......74,986......45,757......23,174
1997: N/A......250,736......108,048......79,212......48,173......24,393
1998: N/A......269,496......114,729......83,220......50,607......25,491
1999: N/A......293,415......120,846......87,682......52,965......26,415
2000: N/A......313,469......128,336......92,144......55,225......27,682


Adjusted gross income floor on percentiles (constant dollars): [2]
1986: N/A......108,411......56,913......44,394......29,418......15,786
1987: N/A......122,614......60,224......46,585......29,915......15,641
1988: N/A......132,828......61,484......46,861......29,922......15,526
1989: N/A......132,152......62,043......46,986......29,709......15,317
1990: N/A......128,096......60,493......46,126......29,135......15,124
1991: N/A......124,919......60,000......45,480......28,582......14,756
1992: N/A......129,654......60,658......45,942......28,780......14,828
1993: N/A......128,522......60,475......45,728......28,519......14,657
1994: N/A......132,069......61,556......46,392......28,841......14,711
1995: N/A......137,406......63,137......47,306......29,007......14,661
1996: N/A......145,026......64,462......47,792......29,163......14,769
1997: N/A......156,222......67,320......49,353......30,014......15,198
1998: N/A......164,427......69,999......50,775......30,877......15,553
1999: N/A......176,119......72,537......52,630......31,792......15,855
2000: N/A......182,038......74,527......53,510......32,070......16,075


Adjusted gross income (millions of dollars):
1986: 2,524,124......285,197......608,467......886,510......1,490,173......2,103,569
1987: 2,813,728......346,635......722,221......1,038,221......1,709,389......2,373,869
1988: 3,124,156......473,527......890,702......1,232,536......1,950,860......2,657,865
1989: 3,298,858......468,079......918,421......1,286,539......2,054,478......2,805,235
1990: 3,451,237......483,252......953,337......1,338,032......2,144,177......2,932,537
1991: 3,516,142......456,603......943,350......1,343,202......2,174,765......2,984,003
1992: 3,680,552......523,586......1,031,093......1,443,784......2,299,401......3,131,400
1993: 3,775,578......520,586......1,048,252......1,474,463......2,357,953......3,212,299
1994: 3,961,146......546,700......1,103,084......1,552,205......2,481,074......3,371,352
1995: 4,244,607......619,610......1,222,723......1,704,513......2,689,820......3,627,542
1996: 4,590,527......736,545......1,393,805......1,909,149......2,952,637......3,944,383
1997: 5,023,457......872,826......1,597,107......2,151,401......3,267,600......4,327,992
1998: 5,469,211......1,010,245......1,796,647......2,393,716......3,589,600......4,721,430
1999: 5,909,329......1,152,820......2,011,763......2,652,835......3,927,308......5,126,164
2000: 6,423,977......1,336,773......2,267,403......2,955,386......4,313,786......5,589,755



Descending cumulative percentiles
Year: Total............Top 1%.....Top 5%.......Top 10%....Top 25%....Top 50%

Total income tax (millions of dollars): [3]
1986: 366,979......94,491......156,240......200,703......278,976......343,289
1987: 369,046......91,559......159,642......205,230......283,857......346,655
1988: 412,761......113,841......188,303......236,411......321,297......389,145
1989: 432,838......109,259......190,188......241,458......334,258......407,599
1990: 447,061......112,338......195,088......247,514......344,340......421,075
1991: 448,349......111,267......194,480......250,282......346,511......423,759
1992: 476,163......131,156......218,479......276,213......373,700......452,070
1993: 502,720......145,836......238,083......297,808......398,516......478,563
1994: 534,754......154,337......254,106......317,902......425,402......509,256
1995: 588,331......178,035......287,741......357,402......472,808......561,225
1996: 658,124......212,626......335,433......411,404......535,164......629,684
1997: 727,303......241,239......377,241......459,639......594,007......696,161
1998: 788,452......274,009......424,506......512,836......651,964......755,240
1999: 877,292......317,419......486,464......583,002......732,890......842,168
2000: 980,521......366,929......553,670......660,150......823,706......942,179


Average tax rate (percentage): [4]
1986: 14.54......33.13......25.68......22.64......18.72......16.32
1987: 13.12......26.41......22.10......19.77......16.61......14.60
1988: 13.21......24.04......21.14......19.18......16.47......14.64
1989: 13.12......23.34......20.71......18.77......16.27......14.53
1990: 12.95......23.25......20.46......18.50......16.06......14.36
1991: 12.75......24.37......20.62......18.63......15.93......14.20
1992: 12.94......25.05......21.19......19.13......16.25......14.44
1993: 13.32......28.01......22.71......20.20......16.90......14.90
1994: 13.50......28.23......23.04......20.48......17.15......15.11
1995: 13.86......28.73......23.53......20.97......17.58......15.47
1996: 14.34......28.87......24.07......21.55......18.12......15.96
1997: 14.48......27.64......23.62......21.36......18.18......16.09
1998: 14.42......27.12......23.63......21.42......18.16......16.00
1999: 14.85......27.53......24.18......21.98......18.66......16.43
2000: 15.26......27.45......24.42......22.34......19.09......16.86


Adjusted gross income share (percentage): 1986: 100.00......11.30......24.11......35.12......59.04......83.34
1987: 100.00......12.32......25.67......36.90......60.75......84.37
1988: 100.00......15.16......28.51......39.45......62.44......85.07
1989: 100.00......14.19......27.84......39.00......62.28......85.04
1990: 100.00......14.00......27.62......38.77......62.13......84.97
1991: 100.00......12.99......26.83......38.20......61.85......84.87
1992: 100.00......14.23......28.01......39.23......62.47......85.08
1993: 100.00......13.79......27.76......39.05......62.45......85.08
1994: 100.00......13.80......27.85......39.19......62.64......85.11
1995: 100.00......14.60......28.81......40.16......63.37......85.46
1996: 100.00......16.04......30.36......41.59......64.32......85.92
1997: 100.00......17.38......31.79......42.83......65.05......86.16
1998: 100.00......18.47......32.85......43.77......65.63......86.33
1999: 100.00......19.51......34.04......44.89......66.46......86.75
2000: 100.00......20.81......35.30......46.01......67.15......87.01


Total income tax share (percentage): 1986: 100.00......25.75......42.57......54.69......76.02......93.54
1987: 100.00......24.81......43.26......55.61......76.92......93.93
1988: 100.00......27.58......45.62......57.28......77.84......94.28
1989: 100.00......25.24......43.94......55.78......77.22......94.17
1990: 100.00......25.13......43.64......55.36......77.02......94.19
1991: 100.00......24.82......43.38......55.82......77.29......94.52
1992: 100.00......27.54......45.88......58.01......78.48......94.94
1993: 100.00......29.01......47.36......59.24......79.27......95.19
1994: 100.00......28.86......47.52......59.45......79.55......95.23
1995: 100.00......30.26......48.91......60.75......80.36......95.39
1996: 100.00......32.31......50.97......62.51......81.32......95.68
1997: 100.00......33.17......51.87......63.20......81.67......95.72
1998: 100.00......34.75......53.84......65.04......82.69......95.79
1999: 100.00......36.18......55.45......66.45......83.54......96.00
2000: 100.00......37.42......56.47......67.33......84.01......96.09


N/A-- Not applicable.
[1] The number of returns with negative adjusted gross income, i.e., returns with an adjusted gross deficit, and the corresponding amounts for adjusted gross deficit, were excluded from Table 1. By excluding deficit returns, alternative minimum tax reported on some of these returns was also excluded. For Tax Year 2000, there were 5,714 returns with no adjusted gross income that reported income tax, mostly alternative minimum tax, totaling $100.6 million.
[2] For Table 1, constant dollars were calculated using the U.S. Bureau of Labor Statistics' consumer price index for urban consumers (CPI-U, 1982-84=100). For 2000 the CPI-U = 172.2
[3] Total income tax is the sum of income tax after credits and alternative minimum tax reported on returns that showed a positive amount for adjusted gross income. Therefore, total income tax excludes alternative minimum tax, Form 8814 tax (tax on a child's interest or dividends), and Form 4972 tax (tax on lump-sum distributions from qualified retirement plans) reported on some returns with a negative amount for adjusted gross income. See also footnote 1.
[4] The average tax rate was computed by dividing total income tax (see footnote 3) by (positive) adjusted gross income.

Note: Unles otherwise stated, money amounts are in current (not constant) denominations.

Source: Internal Revenue Service, Statistics of Income Division, Unpublished Statistics, September 2002.

 

[JohnnyDetroit]

We should have a flat tax and no one who makes less than $25,000 should be taxed at all.

Pay more in sales taxes and lower income taxes.

 

[radiofreecostarica]

i'm curious as to why out felt the need to edit his first post in this thread...

 

[BallRash]

this thread is a disgrace to this forum

 

[radiofreecostarica]

Other than the fact that the current topic has nothing to do with the original, why is that?

 

[Dr.Strangelove]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by outandup:
kaya,
when taxes are lowered the people that pay them get tax relief.<HR></BLOCKQUOTE>

 

[outandup]

RFCski,
I have no problem with the mods restoring the post. It was an error of a copy over of my previous post. I sometimes get in a hurry and make some spelling and other mistakes, that's all. I used "are" wrong and I was trying to change it to "our". That's it, no conspiracy.

 

[outandup]

RFC,
People can pick up their marbles and leave if you tax them at 70% like you want. Then what?

 

[kayaman+]

out,

"the top 20% of taxpayer pay 90% of the tax bill. that top 20% includes teachers, fireman, nurses & others that make about $40K a year. Is that rich kaya? Why should they have to give away their hard earned money and the others sit around and collect gov. handouts."

I'm not talking about highly taxing people that make 40 grand a year. I thought we were talking about the wealthy weren't we??? Except for doctors that tend to be at the higher end of the earning specturm, I would say that most of those in public service, such as the teachers, fireman, nurses, etc that you mention should be exempt from income tax because their profession gives back to society by nature.
The bottom line is that the more a society allows you to earn the more you owe back to that society.

Johnny Detroit,

Hello?!?!?! Unions are what create the over paid under worked blue collar labor you mention, not generous rich capitalists. Why do think unions were created in the first place??? Capitalists aren't known as the great giving people shelling out high wages out of the goodness of their hearts. Be anybody starts, I'm not knocking capitalism, I feel it is the best system, but those at the top of it do have to be kept in check. Take the abuses of the United Fruit Company in Latin America as an example, with a free reign a capitalist can turn into a pretty ugly beast.

 

[outandup]

kaya,
the dems claim a couple making 90K a year are rich, that's a nurse and a police officer in my area. what a country when you have a nurse's and police officers lousy wages and you're considered rich by liberal democrats.

[This message was edited by outandup on July 23, 2003 at 02:52 PM.]

 

[kayaman+]

IMO, I would call 90 grand a year well off not rich.

You call 90 grand a year for a cop "lousy wages" I would say you're further out of perspective than the democratic party on this issue.

 

[outandup]

kaya,
a couple (that means 2, a husband and wife) say the wife a nurse makes 45K and the man a police officer makes 45K and has 3 kids and lives in NY or LA is not well off. your out of touch with reality.

 

[outandup]

by the way I do think teachers, police and fire that make 45K after working 20 years is lousy wages.

 

[kayaman+]

Sorry I read too quick missed the "couple" thought you were saying one person making that. I agree that 45k for teacher or nurse is low, I don't see where cop or fireman should be above 40-60k unless of a pretty high rank.

 

[outandup]

Kaya, No problem. The truth is even couples that only make 90K and have 3 kids are taxed in the upper 20% and pay 90% of all taxes. So it's a myth when the liberals say the tax cuts are only for the rich. The truth is the tax cuts are for the people who pay taxes.

 

[kayaman+]

What % would a family in that bracket pay before and after the cuts?

 

[outandup]

Kaya,
I don't have the exact #'s in front of me, but I think they'd get about 1500-2000 break a year.

 

[radiofreecostarica]

the dems claim a couple making 90K a year are rich, that's a nurse and a police officer in my area.

You must live in a well-to-do area.

Anyone can get a tax break if they know how to hide it...

out, i never said anything about 70%...