The View - Tax Talk
Here is an interesting discussion this morning on The View and the subject taxes.
Whoopi basically says it bullshit that she can’t leave her “stuff” to her kids without the gubment jacking it (taxing it) again.
Joy (the ultimate bimbo), God this lady is such a retarded fuck, between her and Sherri the I.Q level on that show, not to mention the audience, should apply for gubment intelligence benefits.
Anywho Joy, the typical liberal thinks the Gubment taking your money is ok, shit, she thinks they need to take more!
I love to listen to liberal talk about taxes and the playa hating mentality that goes along with it.
I’m a broke ass median income Negro, and although I would love to have so much money that I could wipe my ass with it, I have never understood the moronic mindset of some liberals who think that it tis perfectly ok for the Gubment to jack your hard earned dollars.
Anywho if your bored and frozen in, watch the clip tis amusing.
Oh the tax 411 below is from Rush’s essential stack of stuff pile, slightly dated, but useful.
*Data covers calendar year 2003, not fiscal year 2003
- and includes all income, not just wages, excluding Social Security
This is the data for calendar year 2003 just released in October 2005 by the Internal Revenue Service. The share of total income taxes paid by the top 1% of wage earners rose to 34.27% from 33.71% in 2002. Their income share (not just wages) rose from 16.12% to 16.77%. However, their average tax rate actually dropped from 27.25% down to 24.31%
Think of it this way: less than 3-1/2 dollars out of every $100 paid in income taxes in the United States is paid by someone in the bottom 50% of wage earners. Are the top half millionaires? Noooo, more like “thousandaires.” The top 50% were those individuals or couples filing jointly who earned $29,019 and up in 2003. (The top 1% earned $295,495-plus.) Americans who want to are continuing to improve their lives, and those who don’t want to, aren’t. Here are the wage earners in each category and the percentages they pay:
The top 1% pay over a third, 34.27% of all income taxes. (Up from 2003: 33.71%) The top 5% pay 54.36% of all income taxes (Up from 2002: 53.80%). The top 10% pay 65.84% (Up from 2002: 65.73%). The top 25% pay 83.88% (Down from 2002: 83.90%). The top 50% pay 96.54% (Up from 2002: 96.50%). The bottom 50%? They pay a paltry 3.46% of all income taxes (Down from 2002: 3.50%). The top 1% is paying nearly ten times the federal income taxes than the bottom 50%! And who earns what? The top 1% earns 16.77% of all income (2002: 16.12%). The top 5% earns 31.18% of all the income (2002: 30.55%). The top 10% earns 42.36% of all the income (2002: 41.77%); the top 25% earns 64.86% of all the income (2002: 64.37%) , and the top 50% earns 86.01% (2002: 85.77%) of all the income.
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