Washington Post Says - Gasp! - Rich Paying Fair Share

[Archangel]

Washington Post Says - Gasp! - Rich Paying Fair Share

Friday, April 10, 2009 10:50 AM

By: Dan Weil


A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.

http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/201837.html

CHANGE YOU CAN COUNT ON!!

Archangel.

[SgtMinor]

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/201837.html
CHANGE YOU CAN COUNT ON!!
Archangel.

But the country was doing so much better when the top marginal tax rate
was higher. When the rich have extra money sloshing around, they
"invest" it in speculative ventures that will bubble and burst. And
then they need us suckers to clean up their messes. Private benefits at
social costs.

Repeal the Reagan tax cuts and restore the country's financial health.

[Jerry Okamura]

Post by SgtMinor

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/201837.html
CHANGE YOU CAN COUNT ON!!
Archangel.

But the country was doing so much better when the top marginal tax rate
was higher. When the rich have extra money sloshing around, they "invest"
it in speculative ventures that will bubble and burst. And then they need
us suckers to clean up their messes. Private benefits at social costs.

It was? Can you prove your assertion?

Post by SgtMinor
Repeal the Reagan tax cuts and restore the country's financial health.

You can collect all the taxes you want, it won't restore the countries
financial health, when our governnent keeps spending money they do not have.
Raising revenue "might" help to "restore" the countries financial help, if
it were not for two facts. One, it works as long as our government does not
spend all of the money they receive, and spend even more, which is what
deficit spending is. And two, you cannot possibly fix the countries
financial health, if no one wants to address the simple fact that the
government has made promises it cannot possibly keep, and that is reflected
in the huge unfunded liability of the Federal Government, which makes the
National Debt look small in comparison. And that does not even ount what
the State Governments are doing. And the National Debt because it is
growing, means the interest on the debt keeps getting larger and larger,
which in turn means it has to be paid year in and year out, and if you
checked on where the government spends its money, you will find that the
interest payments alone are consuming a larger and larger percentage of
total federal spending. Which in turn means, what interest payements they
do make, is money that cannot be spent on other things.

[AnAmericanCitizen]

"Bush wanted every American to be rich; Obama wants every American to be
poor." --Dennis Miller

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/201837.html
CHANGE YOU CAN COUNT ON!!
Archangel.

[Rush Limbaugh's mass affects the tides and storm systems.]

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Here's some number that the was left out:

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth. The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.

[Jerry Okamura]

"Rush Limbaugh's mass affects the tides and storm systems."

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Here's some number that the was left out:

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth. The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.

So? Does that mean that they should pay most of the taxes?

[Rush Limbaugh's mass affects the tides and storm systems.]

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.   The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.
So?  Does that mean that they should pay most of the taxes?

Just their fair share. They pay 70% of taxes while having 92% of the
financial wealth.

[j***@gmail.com]

On Apr 14, 4:17 am, "Rush Limbaugh's mass affects the tides and storm

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.   The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.
So?  Does that mean that they should pay most of the taxes?

Just their fair share.  They pay 70% of taxes while having 92% of the
financial wealth.

The rich are already paying in excess of their "fair share" of income
tax. In case you didn't notice, our federal taxation system is based
on INCOME, not wealth; hence the name "Income Tax".

The reason the wealthy have more wealth is because the wealthy,
irrespective of their income, are smarter than the non-wealthy. The
non-wealthy are idiots (generally speaking).

Let me illustrate with a real life example. I know two brothers who
are retired enlisted military. Their pay would exclude them from the
"rich" category. Brother #1 spent every penny of his income; brother
#2 invested a portion. When each one received extra income, such as a
reenlistment bonus, brother #1 spent it on things that would rust and/
or decay; brother #2 bought stock.

They are both in their 80s now and brother #1 has zero wealth and
lives a meager existence on his pension while brother #2 has a
portfolio that would put him in the "wealthy" category.

Brother #1 has zero wealth because he is an idiot. Brother #2 is
wealthy, not because of income, but because he is smarter than his
idiot brother.

NOW, you, being the ass that you are, want to penalize brother #2.

Jane.

[Has Limbaugh been cancelled yet?]

Post by j***@gmail.com
On Apr 14, 4:17 am, "Rush Limbaugh's mass affects the tides and storm

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.   The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.
So?  Does that mean that they should pay most of the taxes?

Just their fair share.  They pay 70% of taxes while having 92% of the
financial wealth.

The rich are already paying in excess of their "fair share" of income
tax. In case you didn't notice, our federal taxation system is based
on INCOME, not wealth; hence the name "Income Tax".
The reason the wealthy have more wealth is because the wealthy,
irrespective of their income, are smarter than the non-wealthy.    The
non-wealthy are idiots (generally speaking).
Let me illustrate with a real life example.  I know two brothers who
are retired enlisted military. Their pay would exclude them from the
"rich" category.  Brother #1 spent every penny of his income; brother
#2 invested a portion.  When each one received extra income, such as a
reenlistment bonus, brother #1 spent it on things that would rust and/
or decay; brother #2 bought stock.
They are both in their 80s now and brother #1 has zero wealth and
lives a meager existence on his pension while brother #2 has a
portfolio that would put him in the "wealthy" category.
Brother #1 has zero wealth because he is an idiot. Brother #2 is
wealthy, not because of income, but because he is smarter than his
idiot brother.
NOW, you, being the ass that you are, want to penalize brother #2.
Jane.

I reiterate, the top 20 percent has 92% of the financial wealth. Am I
the only one bothered by this?

[w***@easystreet.net]

On Apr 14, 6:33 pm, "Has Limbaugh been cancelled yet?"

Post by j***@gmail.com
On Apr 14, 4:17 am, "Rush Limbaugh's mass affects the tides and storm

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.   The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.
So?  Does that mean that they should pay most of the taxes?

Just their fair share.  They pay 70% of taxes while having 92% of the
financial wealth.

The rich are already paying in excess of their "fair share" of income
tax. In case you didn't notice, our federal taxation system is based
on INCOME, not wealth; hence the name "Income Tax".
The reason the wealthy have more wealth is because the wealthy,
irrespective of their income, are smarter than the non-wealthy.    The
non-wealthy are idiots (generally speaking).
Let me illustrate with a real life example.  I know two brothers who
are retired enlisted military. Their pay would exclude them from the
"rich" category.  Brother #1 spent every penny of his income; brother
#2 invested a portion.  When each one received extra income, such as a
reenlistment bonus, brother #1 spent it on things that would rust and/
or decay; brother #2 bought stock.
They are both in their 80s now and brother #1 has zero wealth and
lives a meager existence on his pension while brother #2 has a
portfolio that would put him in the "wealthy" category.
Brother #1 has zero wealth because he is an idiot. Brother #2 is
wealthy, not because of income, but because he is smarter than his
idiot brother.
NOW, you, being the ass that you are, want to penalize brother #2.
Jane.

I reiterate, the top 20 percent has 92% of the financial wealth.  Am I
the only one bothered by this?- Hide quoted text -
- Show quoted text -

I'm bothered by it. That means that a handful of people controls
virtually all of the wealth. I say tax 'em to support a system that
allows them to garner so much wealth. The bulk of the wealth should
be held in the middle - that's the most stable system - with a few at
the very top and a few at the very bottom.

Purchasing power is what made most of the wealthy their extreme
wealth. If all of us in the middle-class stop buying stuff, there go
the fortunes of the top 20%! It's our spending and our labor that put
them there; if they want us to keep buying their products, we need
money in our pockets and the security to spend a little.

MLW

[unknown]

Post by Has Limbaugh been cancelled yet?

On Apr 14, 4:17 am, "Rush Limbaugh's mass affects the tides and storm

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth. The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.
So? Does that mean that they should pay most of the taxes?

Just their fair share. They pay 70% of taxes while having 92% of the
financial wealth.

The rich are already paying in excess of their "fair share" of income
tax. In case you didn't notice, our federal taxation system is based
on INCOME, not wealth; hence the name "Income Tax".
The reason the wealthy have more wealth is because the wealthy,
irrespective of their income, are smarter than the non-wealthy. The
non-wealthy are idiots (generally speaking).
Let me illustrate with a real life example. I know two brothers who
are retired enlisted military. Their pay would exclude them from the
"rich" category. Brother #1 spent every penny of his income; brother
#2 invested a portion. When each one received extra income, such as a
reenlistment bonus, brother #1 spent it on things that would rust and/
or decay; brother #2 bought stock.
They are both in their 80s now and brother #1 has zero wealth and
lives a meager existence on his pension while brother #2 has a
portfolio that would put him in the "wealthy" category.
Brother #1 has zero wealth because he is an idiot. Brother #2 is
wealthy, not because of income, but because he is smarter than his
idiot brother.
NOW, you, being the ass that you are, want to penalize brother #2.
Jane.

I reiterate, the top 20 percent has 92% of the financial wealth. Am I
the only one bothered by this?

As a child.... did you cry all the time because other kids had a toy
that you didn't?

[Harold Burton]

In article

Post by Has Limbaugh been cancelled yet?

Post by j***@gmail.com
On Apr 14, 4:17 am, "Rush Limbaugh's mass affects the tides and storm

Post by Jerry Okamura
"Rush Limbaugh's mass affects the tides and storm

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
³In 2006, the top 20 percent of earners paid 70 percent of all
federal
taxes. On average, they paid 26 percent of their income to the
government,² the editorial states.
The numbers are particularly powerful for the richest of the rich ­
the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20..
.
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.   The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.
So?  Does that mean that they should pay most of the taxes?

Just their fair share.  They pay 70% of taxes while having 92% of the
financial wealth.

The rich are already paying in excess of their "fair share" of income
tax. In case you didn't notice, our federal taxation system is based
on INCOME, not wealth; hence the name "Income Tax".
The reason the wealthy have more wealth is because the wealthy,
irrespective of their income, are smarter than the non-wealthy.    The
non-wealthy are idiots (generally speaking).
Let me illustrate with a real life example.  I know two brothers who
are retired enlisted military. Their pay would exclude them from the
"rich" category.  Brother #1 spent every penny of his income; brother
#2 invested a portion.  When each one received extra income, such as a
reenlistment bonus, brother #1 spent it on things that would rust and/
or decay; brother #2 bought stock.
They are both in their 80s now and brother #1 has zero wealth and
lives a meager existence on his pension while brother #2 has a
portfolio that would put him in the "wealthy" category.
Brother #1 has zero wealth because he is an idiot. Brother #2 is
wealthy, not because of income, but because he is smarter than his
idiot brother.
NOW, you, being the ass that you are, want to penalize brother #2.
Jane.

I reiterate, the top 20 percent has 92% of the financial wealth. Am I
the only one bothered by this?

No, other losers who are jealous of successful people also whine about
it.


Snicker.

[j***@gmail.com]

On Apr 14, 9:33 pm, "Has Limbaugh been cancelled yet?"

Post by j***@gmail.com
On Apr 14, 4:17 am, "Rush Limbaugh's mass affects the tides and storm

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.   The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.
So?  Does that mean that they should pay most of the taxes?

Just their fair share.  They pay 70% of taxes while having 92% of the
financial wealth.

The rich are already paying in excess of their "fair share" of income
tax. In case you didn't notice, our federal taxation system is based
on INCOME, not wealth; hence the name "Income Tax".
The reason the wealthy have more wealth is because the wealthy,
irrespective of their income, are smarter than the non-wealthy.    The
non-wealthy are idiots (generally speaking).
Let me illustrate with a real life example.  I know two brothers who
are retired enlisted military. Their pay would exclude them from the
"rich" category.  Brother #1 spent every penny of his income; brother
#2 invested a portion.  When each one received extra income, such as a
reenlistment bonus, brother #1 spent it on things that would rust and/
or decay; brother #2 bought stock.
They are both in their 80s now and brother #1 has zero wealth and
lives a meager existence on his pension while brother #2 has a
portfolio that would put him in the "wealthy" category.
Brother #1 has zero wealth because he is an idiot. Brother #2 is
wealthy, not because of income, but because he is smarter than his
idiot brother.
NOW, you, being the ass that you are, want to penalize brother #2.
Jane.

I reiterate, the top 20 percent has 92% of the financial wealth.  Am I
the only one bothered by this?

It doesn't bother me for several reasons:

1) it doesn't take much to be in the top 20%. The threshold for 25%
is a household income of less than $65,000; hardly a rich family.
2) I know why the top 20% have accumulated wealth, they are smarter
than you
3) I know why the bottom 80% don't have accumulated wealth, they are
idiots.

You accumulate wealth by buying appreciating wealth, not non essential
toys that will rust, decay or become obsolete. The bottom 80% are
idiots who do not buy accumulating wealth.

Take a look around at your own assets. How many of your assets are
appreciating assets and how many of them are toys that will rust,
decay, or become obsolete? For most people, they have, at best, one
appreciating asset, their house. Those who aren't home owners,
typically have zero appreciating assets.

As I pointed out in my real life story of two brothers, one became
wealthy on an enlisted man's pay; the other had zero assets. Just
yesterday, I heard a 25 yr old young lady calling a radio financial
advisor about advice on what to do with her $300,000. Rather than
buying birthday and Christmas presents through out her life, her
grandmother bought her stock. The grandmother knew that the pathway to
wealth was not how much you make, but what you do with what you make.
The grandmother's greatest gift was not the stock itself, but the
knowledge on how to achieve wealth.

So tell me, are you on your pathway to wealth, or are you an idiot?
How much do you invest each month? If zero, then tell me, do you have
a cell phone? Do you have cable or satellite? There is $100/month for
non essential toys. I knew a maid who had a new leased car, a cell
phone, and cable. She is a wealth idiot; are you?

Jane.

[cop welfare]

On Apr 14, 7:33 pm, "Has Limbaugh been cancelled yet?"

Post by j***@gmail.com
On Apr 14, 4:17 am, "Rush Limbaugh's mass affects the tides and storm

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.   The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.
So?  Does that mean that they should pay most of the taxes?

Just their fair share.  They pay 70% of taxes while having 92% of the
financial wealth.

The rich are already paying in excess of their "fair share" of income
tax. In case you didn't notice, our federal taxation system is based
on INCOME, not wealth; hence the name "Income Tax".
The reason the wealthy have more wealth is because the wealthy,
irrespective of their income, are smarter than the non-wealthy.    The
non-wealthy are idiots (generally speaking).
Let me illustrate with a real life example.  I know two brothers who
are retired enlisted military. Their pay would exclude them from the
"rich" category.  Brother #1 spent every penny of his income; brother
#2 invested a portion.  When each one received extra income, such as a
reenlistment bonus, brother #1 spent it on things that would rust and/
or decay; brother #2 bought stock.
They are both in their 80s now and brother #1 has zero wealth and
lives a meager existence on his pension while brother #2 has a
portfolio that would put him in the "wealthy" category.
Brother #1 has zero wealth because he is an idiot. Brother #2 is
wealthy, not because of income, but because he is smarter than his
idiot brother.
NOW, you, being the ass that you are, want to penalize brother #2.
Jane.

I reiterate, the top 20 percent has 92% of the financial wealth.  Am I
the only one bothered by this?

it bothers me but there's always a counter argument.
what REALLY bothers me is the sense i have that people are slaves to
this system
in unspeakable ways.
what do people REALLY have to do to keep their jobs?

[snakehawk]

Post by j***@gmail.com
The rich are already paying in excess of their "fair share" of income
tax. In case you didn't notice, our federal taxation system is based
on INCOME, not wealth; hence the name "Income Tax".
The reason the wealthy have more wealth is because the wealthy,
irrespective of their income, are smarter than the non-wealthy.    The
non-wealthy are idiots (generally speaking).

Ah, but Jane, that's where the inequality comes in. The very rich pay
taxes only on income. They pay no taxes at all on their vast wealth.
In fact, they can depreciate the expensive buildings and equipment
used and the salaries paid to others to earn their wealth. Some huge
corporations can avoid all taxes in some years. Bill Gates, for
example, controlled the billions owned and earned by Microsoft, but he
paid taxes only on his salary and dividends. The same is true of
Donald Trump and Warren Buffet.

Buffet recently admitted on the Charlie Rose Show that he pays a
smaller percentage of his total income in taxes than the woman who
empties the wastebaskets in his office. The reason? Because he can
control the amount of money he reports as "income," he gets to
depreciate some of the business property he owns, and he can write off
expensive lunches and trips, while the cleaning woman pays a huge
percentage of her wages just in employment taxes and can't even deduct
bus fare to and from work.

And the very wealthy benefit much more from government than the poor.
All the tax money poured into the massive highway systems, the public
airways systems, the federal banking system, the army, navy, and
airforce, and all the other benefits rendered by both local and
federal governments protect and promote Warren Buffet's billions at
the same level they protect and promote the contents of the $500-a-
month apartment occupied by his cleaning lady. But Buffet pays no
taxes on his billions---only on his income.

[Harold Burton]

In article

Post by snakehawk

Post by j***@gmail.com
The rich are already paying in excess of their "fair share" of income
tax. In case you didn't notice, our federal taxation system is based
on INCOME, not wealth; hence the name "Income Tax".
The reason the wealthy have more wealth is because the wealthy,
irrespective of their income, are smarter than the non-wealthy.    The
non-wealthy are idiots (generally speaking).

Ah, but Jane, that's where the inequality comes in. The very rich pay
taxes only on income.

that's because it's an "income" tax.


Doh. Lefturds are stupid.

[j***@gmail.com]

Post by j***@gmail.com
The rich are already paying in excess of their "fair share" of income
tax. In case you didn't notice, our federal taxation system is based
on INCOME, not wealth; hence the name "Income Tax".
The reason the wealthy have more wealth is because the wealthy,
irrespective of their income, are smarter than the non-wealthy.    The
non-wealthy are idiots (generally speaking).

Ah, but Jane, that's where the inequality comes in.  The very rich pay
taxes only on income.  They pay no taxes at all on their vast wealth.
In fact, they can depreciate the expensive buildings and equipment
used and the salaries paid to others to earn their wealth.  Some huge
corporations can avoid all taxes in some years.  Bill Gates, for
example, controlled the billions owned and earned by Microsoft, but he
paid taxes only on his salary and dividends.  The same is true of
Donald Trump and Warren Buffet.
Buffet recently admitted on the Charlie Rose Show that he pays a
smaller percentage of his total income in taxes than the woman who
empties the wastebaskets in his office.  The reason?  Because he can
control the amount of money he reports as "income,"  he gets to
depreciate some of the business property he owns, and he can write off
expensive lunches and trips, while the cleaning woman pays a huge
percentage of her wages just in employment taxes and can't even deduct
bus fare to and from work.
And the very wealthy benefit much more from government than the poor.
All the tax money poured into the massive highway systems, the public
airways systems, the federal banking system, the army, navy, and
airforce, and all the other benefits rendered by both local and
federal governments protect and promote Warren Buffet's billions at
the same level they protect and promote the contents of the $500-a-
month apartment occupied by his cleaning lady.  But Buffet pays no
taxes on his billions---only on his income.

I'm sorry, but you are both a financial idiot, who does not know what
it means to depreciate an asset, and also a wealth idiot.

You will always be in the bottom 80%.

Jane

[Harold Burton]

In article
<53f4e259-7c6b-4f88-ad69-***@j9g2000prh.googlegroups.com>,
"Rush Limbaugh's mass affects the tides and storm systems."

Post by Jerry Okamura
"Rush Limbaugh's mass affects the tides and storm

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
³In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,² the editorial states.
The numbers are particularly powerful for the richest of the rich ­ the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.   The rest of us 80% at the bottom are
fighting each other over the measly 8% of the financial wealth.
So?  Does that mean that they should pay most of the taxes?

They pay 70% of taxes while...

...earning only 60% of the income.

Just their fair share.

Snicker.

[Harold Burton]

In article
<0f6369ba-4bd2-405a-a34e-***@z8g2000prd.googlegroups.com>,
"Rush Limbaugh's mass affects the tides and storm systems."

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
³In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,² the editorial states.
The numbers are particularly powerful for the richest of the rich ­ the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.

Eh? and the difference between "net wealth" and "financial wealth" is?

[j***@gmail.com]

Post by Harold Burton
In article
 "Rush Limbaugh's mass affects the tides and storm systems."

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
³In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,² the editorial states.
The numbers are particularly powerful for the richest of the rich ­ the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.

Eh? and the difference between "net wealth" and "financial wealth" is?

Net wealth is an accumulation of assets (minus liabilities) including
those that are tangible (land and capital) and financial (money,
bonds, etc.). Financial wealth consists of money, bonds, stocks, etc.

Jerry thinks that the fact that 20% own 92% of the financial wealth
indicates a problem. I agree with him; it indicates the stupidity of
80% of the people.

Jerry stated that "The rest of us 80% at the bottom are fighting each
other over the measly 8% of the financial wealth." The truth is that
the lower 80% are NOT fighting for the remaining 8%. Rather than
using their money to buy assets that appreciate in value, the 80% are
buying the latest Iphones, and toys that become obsolete and decrease
in value over time.

Jane.

[Jerry Okamura]

Post by Harold Burton
In article
"Rush Limbaugh's mass affects the tides and storm systems."

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
³In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,² the editorial states.
The numbers are particularly powerful for the richest of the rich ­ the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.

Eh? and the difference between "net wealth" and "financial wealth" is?

Net wealth is an accumulation of assets (minus liabilities) including
those that are tangible (land and capital) and financial (money,
bonds, etc.). Financial wealth consists of money, bonds, stocks, etc.

Jerry thinks that the fact that 20% own 92% of the financial wealth
indicates a problem. I agree with him; it indicates the stupidity of
80% of the people.

Jerry stated that "The rest of us 80% at the bottom are fighting each
other over the measly 8% of the financial wealth." The truth is that
the lower 80% are NOT fighting for the remaining 8%. Rather than
using their money to buy assets that appreciate in value, the 80% are
buying the latest Iphones, and toys that become obsolete and decrease
in value over time.

I did not say that.

[j***@gmail.com]

Post by j***@gmail.com

Post by Harold Burton
In article
"Rush Limbaugh's mass affects the tides and storm systems."

Post by Rush Limbaugh's mass affects the tides and storm systems.

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
³In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,² the editorial states.
The numbers are particularly powerful for the richest of the rich ­ the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

Top 20 earns 60 per cent of the income, has 85% of the net wealth, and
92% of the financial wealth.

Eh? and the difference between "net wealth" and "financial wealth" is?

Net wealth is an accumulation of assets (minus liabilities) including
those that are tangible (land and capital) and financial (money,
bonds, etc.).  Financial wealth consists of money, bonds, stocks, etc.
Jerry thinks that the fact that 20% own 92% of the financial wealth
indicates a problem.  I agree with him; it indicates the stupidity of
80% of the people.
Jerry stated that "The rest of us 80% at the bottom are fighting each
other over the measly 8% of the financial wealth."  The truth is that
the lower 80% are NOT fighting for the remaining 8%.  Rather than
using their money to buy assets that appreciate in value, the 80% are
buying the latest Iphones, and toys that become obsolete and decrease
in value over time.
I did not say that.

My mistake, apologies.

"Rush Limbaugh's mass affects the tides and storm systems." said that,
not you.

Your software does not insert special characters in front of the post
that you respond to. As a result, it is difficult to discern what you
wrote or what the previous poster had written.

Jane.

[cop welfare]

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

gee i didn't even know rush was catholic although he infrequently
claims to be doing the Lord's work.
that comes and goes with the wind and the tides, also.
perhaps he, like the ceo's we all love, is over-compensating.

[Jerry Okamura]

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

gee i didn't even know rush was catholic although he infrequently
claims to be doing the Lord's work.
that comes and goes with the wind and the tides, also.
perhaps he, like the ceo's we all love, is over-compensating.

Relevance. Nancy Pelosi is a Catholoc and supports abortion which the
Catholic church does not approve of. Are you trying to make a point?

[Ashley22]

Post by Archangel
Washington Post Says - Gasp! - Rich Paying Fair Share
Friday, April 10, 2009 10:50 AM
By: Dan Weil
A liberal pillar of the media is taking a decidedly conservative position.
The Washington Post says in an editorial that the wealthy already are
pulling their weight when it comes to taxes.
“In 2006, the top 20 percent of earners paid 70 percent of all federal
taxes. On average, they paid 26 percent of their income to the
government,” the editorial states.
The numbers are particularly powerful for the richest of the rich – the
top 1 percent of taxpayers. They account for 28 percent of all taxes,
handing over 31 percent of their income to the government.
http://www.newsmax.com/insidecover/wash_post_rich_taxes/2009/04/10/20...
CHANGE YOU CAN COUNT ON!!
Archangel.

This a total crock as I'm sure you already know.Obama has made sure
that by going back on one of his many false promises that the rich and
big buisnesses continue to enjoy the tax breaks set in place by Bush
for another 2 years.After 2 years go by I'm hoping they will have
forced Obama out of office things will remain the same.Even if he was
to still be in office nothing will change