The rich, like John Kerry’s wife, are not stupid. They know how to avoid paying excessive taxes. She put her money in tax free bonds.

They still pay more in taxes than we earn in a year and some of us in a lifetime.

Funny though, all the people who claim to want more taxes avoid paying them. Rangel, Kerry, Geithner and the list goes on.

The wealthy paid more in taxes and received less of a decrease than the middle class. Of course, when one pays no INCOME (to make it clear for you) taxes then it is hard to have much of a change so their level stays flat.

The government even sent those who paid NO INCOME taxes a rebate check. The money came form others who actually paid taxes.

The middle class had the greatest benefit.

“The middle class pay NO income taxes.”

I can’t even make fun of that, and I am pretty good at making fun of foolishness.

Why would anyone take you seriously?

D.
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“New CBO estimates show that between 1979 and 2006, average pre-tax income of the top one percent of earners more than tripled, even after accounting for inflation. Their average income went from half a million dollars to $1.7 million even as incomes were basically flat for all households. At the same time, effective federal tax rates for the rich plunged from 37 percent to 31 percent while they barely budged for taxpayers as a whole. Bottom line: after-tax income at the very top increased from $330,000 to $1.2 million.”

LINK.

The dollar amounts were more because the wealthy pay more in taxes than most people make.

The wealthy shoulder a huge burden of the taxes and you hope they get hammered? Suppose someone like Bill Gates said OK, then I am shutting down my Business.

Suppose the wealthy decided to move their money to non taxable assets (like many of the Dems do). They could just buy into non taxable securities and they could move their business to other countries like they have done in the past (the result of an unfair tax climate).

You have shown nothing, absolutely nothing. You look at raw dollars and figure the rich made out. The middle class pay NO income taxes (and that is what we are talking about) and they are not unfairly burdened with the non income taxes they do pay. The cap works both ways. SS payments are capped no matter what you paid in. Some wealthy will not be eligible for SS because of their income and taxes will wipe out what they should get. If you pay it in you should get it back.

You are too blinded by your desire for Socialism to see the truth. You cannot make people richer by making the rich poorer.

Keep that in mind. The rich know how to survive. This is why rich people have salary of $1 a year. Little taxes on income.

The rich get soaked plenty. The middle class pay NO income taxes. Funny how when Obama mentions tax cuts you say he was talking about income (he did not mention it) but when I talk about income taxes you throw in the non income taxes that the bottom 40% pay.

Bottom line is the wealthy paid more in income taxes than the poor. This is shown from Treasury numbers and it is shown by who shoulders the tax burden.

If the rich pay and the poor do not then we need to change the laws so that people who do not pay taxes cannot vote. You don’t have skin in the game you can’t play.

Then we need to allow people one vote for each $5000 in taxes they pay so the wealthy have more say in how the country they are paying for is run. Like stock, more you own the more votes you get.

That should keep the bottom 40% from continually voting to get more money that does not belong to them.

Once again, Obama did not CUT taxes. He gave a credit. That is not a tax cut.

DAR
Bingo. Thus proving Bush’s claim above, false. Or as Blake would say, that he’s a liar.

“The bottom 60 percent got 14.7 percent. The top one fifth got 71% of the tax cuts.”

Bigd: “The bottom 40 percent collectively paid no income taxes.”>>

DAR
This is terribly misleading because it completely ignores the fact that these people pay vast amounts of payroll taxes which go into general revenue. And the rich receive a huge break on this because of the cap. That should be changed (and probably will). Watch for it.

[quote] “the tax cuts have led to the rich shouldering more of the income tax burden”

DAR
That’s how math works in Heritage spin land. The top 20% get 71% of the tax cuts and this is shouldering more of the burden. Amazing word games. But who could fall for such an obvious ruse? Bigd?

“President Bush’s three tax-cut laws will reduce this year’s income taxes for the richest 1% of taxpayers by an average of $78,460, more than 70 times the average benefit for the middle 20% of taxpayers, congressional analysts found.”
–Wall Street Journal, not lying this time, your link

“Fully one-third of President Bush’s tax cuts in the last three years have gone to people with the top 1 percent of income,…” –NYT’s

That doesn’t sound like a tax cut for the rich does it? Sure does.

God I hope Obama hammers the rich. Maybe even make the taxes as high as under Reagan. We’ve got bills to pay.

And they are finally getting those thousands of republican tax cheats hiding their money with the Swiss. About time. Good job!

Bigd: “The Making Work Pay is not a tax cut, it is a tax credit only applicable to 2009 and 2010.”>>

DAR
Don’t care. It effectively cuts taxes for 98.6% of working families. Your blind and irrational hatred of all things Obama doesn’t even allow you to acknowledge when he cuts taxes. Amazing.

Bigd: “many of whom paid NO taxes.”>>

DAR
Every single one of them did. No exceptions.

Bigd: “this will not extend,>>

DAR
Doesn’t need to.

Bigd: was designed to offset the economic woes>>

DAR
Excellent.

Bigd: Obama will let the Bush tax cuts expire which will raise taxes on the middle class.>>

DAR
Everyone under $250k gets a cut. Deal with it. Those over, get hammered, but not nearly enough.

As I have shown, the rich made out like bandits in the tax department under Bush (not to mention the huge subsidy to purchase extra heavy SUV’s). But in the end, they lost a whole lot of it when his complete ineptitude and policies destroyed the market making tens of trillions disappear. The rich, the poor, the middle, did far better under Clinton.

D.