How Bush beggared the USA

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A study released by Citizens for Tax Justice and the Children’s Defense Fund reveals who benefitted from the Bush tax cuts in each year from 2001 through 2010.


Among the key findings:


The richest Americans—the best-off one percent, got tax cuts totaling $477 billion.


An astonishing 52 percent of the total tax cuts went to the richest one percent—whose average 2010 income was $1.5 million. Their tax-cut windfall in that year alone averaged $85,000 each.


Put another way, of the estimated $234 billion in tax cuts for the year 2010, $121 billion went to just 1.4 million taxpayers.



http://www.ctj.org/pdf/gwb0602c2.pdf
 
I think it's nearly cute that you posted this drivel. Nealy as amusing as all the lefts posts regarding who should be the GOP nominee.
 
I think it's nearly cute that you posted no refutation of the facts. Nealy as amusing as your pathetic championing of the super rich who relegated you to a part time job at Walgreen's without a second thought.
 
\\(())// said:
I think it's nearly cute that you posted no refutation of the facts. Nealy as amusing as your pathetic championing of the super rich who relegated you to a part time job at Walgreen's without a second thought.
Click to expand...
Oh, please link what you assert. TYVM.
 
I love how neither of you can present any evidence that the facts as presented are incorrect.
 
Annie said:
I think it's nearly cute that you posted this drivel. Nealy as amusing as all the lefts posts regarding who should be the GOP nominee.
Click to expand...


And after 36+ months of Pres. Obama, owning the entire Congress or at least one branch of it, the tax rates are today, exactly what they were in 2003
 
The top 10% pay an amazing 70+% of the income tax
The bottom 50% pay 2% (most of the 50% pay nothing)
That leaves the middle to pay 28%

And those are the UNDENIABLE FACTS
 
bravo said:
The top 10% pay an amazing 70+% of the income tax
The bottom 50% pay 2%
That leaves the middle to pay 28%

And those are the UNDENIABLE FACTS
Click to expand...

If that was not the case who would have paid for you to sail around the world at the taxpayer's expense?
 
The middle class is being squeezed dry to benefit the ultra-rich.


In addition to a surprisingly low top tax rate, America's wealthiest citizens can take advantage of a variety of loopholes, deductions and incentives that further slash their payments into the public coffers.


In fact, according to the IRS, the 400 richest people in America paid -- on average -- only 18.11% of their income in taxes in 2008.


By comparison, people who make $34,500 pay a comparatively hefty 25% of their income in taxes before deductions.



http://www.dailyfinance.com/2011/06/14/the-high-cost-to-the-middle-class-of-low-taxes-on-the-rich/
 
\\(())// said:
In fact, according to the IRS, the 400 richest people in America paid -- on average -- only 18.11% of their income in taxes in 2008.


By comparison, people who make $34,500 pay a comparatively hefty 25% of their income in taxes before deductions.
Click to expand...

that was slick.....I like the way you slipped in a comparison federal income taxes on one hand with total taxes on the other.......I bet most people didn't even notice......
 
PostmodernProphet said:
that was slick.....I like the way you slipped in a comparison federal income taxes on one hand with total taxes on the other.......I bet most people didn't even notice......
Click to expand...


What better way to fool the fools ...... its been working for decades, no need to change the MO....
 
\\(())// said:
The middle class is being squeezed dry to benefit the ultra-rich.


In addition to a surprisingly low top tax rate, America's wealthiest citizens can take advantage of a variety of loopholes, deductions and incentives that further slash their payments into the public coffers.


In fact, according to the IRS, the 400 richest people in America paid -- on average -- only 18.11% of their income in taxes in 2008.


By comparison, people who make $34,500 pay a comparatively hefty 25% of their income in taxes before deductions.



http://www.dailyfinance.com/2011/06/14/the-high-cost-to-the-middle-class-of-low-taxes-on-the-rich/
Click to expand...


Pretty cool to slip in that BEFORE DEDUCTIONS .........makes that 25% figure just so much bullshit........
Deductions are about 11,400...that leaves 14,275 x 15%.....2141+783= $2924 in taxes......
THATS about 8.5% for a tax rate......not even close to 25.
 
bravo said:
The top 10% pay an amazing 70+% of the income tax
The bottom 50% pay 2% (most of the 50% pay nothing)
That leaves the middle to pay 28%

And those are the UNDENIABLE FACTS
Click to expand...

What you tend to forget is that taxes are paid only on 'declared' income. The income that is not classified as such either has no tax liability or a much reduced one, and the part of a fat cat's earnings salted away in a taxhaven are not taxed at all. Whatever your government does, however smart they are the fat cats can employ smarter accountants and fiddlers.
 
t
Lowaicue said:
What you tend to forget is that taxes are paid only on 'declared' income. The income that is not classified as such either has no tax liability or a much reduced one, and the part of a fat cat's earnings salted away in a taxhaven are not taxed at all. Whatever your government does, however smart they are the fat cats can employ smarter accountants and fiddlers.
Click to expand...


You're guzzilin too much Koolade sonny.....now your making shit up out of nowhere.....declared income......thats not the tips you give to your barber is it...???

Keep you fingers away from your anus, you're fiddlin' too much....
 
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