Millionaires and Billionaires, Pay Up!!

Sunny once again illuminates a difficult political topic. How do you solve a problem like Millionaires and Billionaires?

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[whedonfreak976]

@blue222blue Well yeah Joss is the man, the avengers is gonna rock :D

[whedonfreak976]

@blue222blue Actually 70% would be o k, too bad the real number is 15%.

[whedonfreak976]

@blue222blue You have yet to prove that though.

[whedonfreak976]

@blue222blue Not yet LOL

[whedonfreak976]

@blue222blue Yes, that site, is a right wing site, so i am not gonna trust them. I will keep looking on the IRS site.

[whedonfreak976]

@blue222blue No, i went to the IRS Site, and those did not come up.

[zonkster909]

Omg, hilarious again! Great!

[blue222blue]

@whedonfreak976

Btw, we may disagree on this tax thing, but I am a huge Joss Whedon freak myself!

[blue222blue]

If 70% is unfair, what, in the great economic wisdom of the protestors would be? 80%? 90%? At 100% people stop working and investing altogether.

[blue222blue]

It's a fact. The bottom 50% pay 2% of taxes and the top 10% pays 70% of taxes.

I should put that on a sign and walk around an OWS demonstration. I'm sure 99% of them have no idea.

[blue222blue]

@whedonfreak976

Do I get a retraction now for "bullshit" "troll" "LOL" ?

[blue222blue]

@whedonfreak976

Click on the second site I mentioned, the Tax Foundation.

A few paragraphs down they give the URL to the original IRS source document, at the IRS website. It's called "Individual Income Tax Returns with Positive Adjusted Gross Income (AGI) Returns Classified by Tax Percentile - Early Release".

It took two minutes to find it.

[blue222blue]

@whedonfreak976

Yes, of course its on a website. Official IRS data on a website. If you're just going to deny the facts we don't have much of a discussion here.

[whedonfreak976]

@blue222blue No, OWS is for more distribution of wealth, so how is that gonna hurt the poor? Only letting the poor earn 600% less than the rich, and pay more taxes hurts the poor.

[whedonfreak976]

@blue222blue No, actually that is from a website, that is run by some right wingers. So that is what they try to pass themselves off as a fair website,but alas they are not.

[whedonfreak976]

@TheCommonMan101 I know.

[blue222blue]

@whedonfreak976

It was pointed out to Obama a few years ago in an interview that whenever the capital gains tax was raised in the past, less money came in, not more. Does he still support raising the rate if it means it will bring less revenue?

He said yes, as a matter of fairness.

He'd increase the deficit and damage the economy, which hurts poor people, to punish the rich.

That's envy, or hate, or something, but it's not economics. The OWS idea punish the rich hurts poor people.

[blue222blue]

@whedonfreak976

Google "top 1% taxes" click the first url at the top of the page, National taxpayer's Union, and the 2009 official IRS breakdown is right in front of you. If you don't like the first link, click the second, The Tax foundation. Or any of many others.

This is IRS data, it's not a matter of opinion.

[TheCommonMan101]

@whedonfreak976 Its such a shame that idiots like Sunny get so much attention. Her videos are better left ignored. She is not worth all of the comments that she gets.

[whedonfreak976]

@blue222blue Link to your info please.

[whedonfreak976]

@blue222blue After the tax breaks, it is 15% For the top 5% Now you need to come up with actual evidence. Not bull shit you pull out of the air.

[whedonfreak976]

@blue222blue No they do not. And so that makes them well off? So they are not allowed to have things? Just the rich right? Talk to a lot of poor people about having insurance, a car, car insurance. You know? Things like that. So you have to do better then that. Give me a break.

[whedonfreak976]

@blue222blue Yeah, i looked that up, nothing. So i need you to provide me with some evidence, i gave you some right there, now it is your turn to provide the evidence.

[blue222blue]

@whedonfreak976

The payroll tax is fundamentally different from the income tax. It's a contribution to a retirement program that one recoups (and then some!) when he retires. It was never meant to be a transfer payment form one group to another.

State taxes and sales taxes vary according to where one lives. I don't know the figures.

Investment tax? The bottom 80% gets less than 1% of their income from dividends and capital gains.

[blue222blue]

@whedonfreak976

You quoted tax rates, not the percentage of taxes paid. And those rates are before deductions and credits.