Top100 Bloggers
Top 100









Terror Alert Level



Google



Get Firefox!

Powered by Blogger









Tuesday, October 11, 2005

The Truth about Taxes



Look at the graph above and think of it this way: less than 4 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 all these rich millionaires we always hear about? 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.)

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. The top 5% pay 54.36% of all income taxes. The top 10% pay 65.84%. The top 25% pay 83.88%. The top 50% pay 96.54%. The bottom 50%? They pay a paltry 3.46% of all income taxes.

The next time you hear a Democrat in an election talking about how we should not give tax cuts to the rich but should give tax cuts to the poor and middle class - just remember what you have read here. You can not give a tax cut to a person who is already not paying any taxes. Any person making under $29,000 a year is already NOT PAYING ANY TAXES! You can not cut their taxes anymore. The only people who are even able to receive a tax cut are the ones in the top 50% of all wage earners. When tax cuts are proposed, most democrats say they are only tax cuts for the rich. Just remember that these so called rich people.. are the only ones even paying taxes to begin with. .. and I would not call people making over $29,000 a year rich.

Just something for you to think about during the next upcoming elections...

Comments on "The Truth about Taxes"

 

Blogger Livia said ... (2:10 PM, October 11, 2005) : 

Aw damn I really liked this place until you started hating democrats.

 

Blogger Wez said ... (2:54 PM, October 11, 2005) : 

Sometimes ya just have to remind people of the truth... = )

 

Blogger Flandomagic said ... (3:05 PM, October 11, 2005) : 

I hate politics. It is very boring to me. Go Kerry in '08!

 

Blogger amera hearts said ... (4:01 PM, October 11, 2005) : 

I don't know anything about taxes. I hire someone to do them!

Go Kerry? Um. No.

 

Blogger babyjewels said ... (4:36 PM, October 11, 2005) : 

Now my head hurts and I want pie. (nice charts, wez)

 

Anonymous Leroy said ... (5:16 PM, October 11, 2005) : 

I think Al Gore would be a little disappointed with the way you are using HIS internet!

 

Blogger Lulu said ... (6:10 PM, October 11, 2005) : 

I don't know...My last "official" job paid $28,000 per year. And I paid a lot of taxes. It's all kind of proportionate.

 

Blogger edee said ... (7:51 PM, October 11, 2005) : 

can't you just put it in "the lockbox"?

 

Anonymous Anonymous said ... (8:12 PM, October 11, 2005) : 

What is Kerry doing running around Iowa again. I here he wants to raise taxes on CUNA employees

 

Blogger Dorf said ... (8:53 PM, October 11, 2005) : 

If it wasn't for my bis ass tax cut last year I couldn't afford these gas prices. :-)

p.s. Vote Neuendorf for King of the world.

 

Blogger Wez said ... (9:07 PM, October 11, 2005) : 

Lulu - You probably did have taxes taken out of your pay check.. but you also probably got a pretty good refund. If you look at the actual net amount that you paid in.. it was probably rather small.

 

Blogger Wounds said ... (9:09 PM, October 11, 2005) : 

Hey I make $29,000 and I pay a lot of taxes.....Oh, I just re-read your post, that was $29,000 per year...I thought you were talking per month.....Nevermind

 

Blogger Lulu said ... (10:53 PM, October 11, 2005) : 

I got about $900 back.

Now, I am pretty poor.

Even poorer than a tax-payer.

 

Blogger Everything Nice said ... (9:23 AM, October 12, 2005) : 

Taxes, taxes, taxes... jesus there goes any chance of having sex today.

Totally harshing my mello with the tax stuff Wes.

BUT - I agree with babyjewels... I want pie.

 

Blogger amera hearts said ... (10:12 AM, October 12, 2005) : 

Wounds, if you make that much a month, help me pay off my car! And buy me a condo downtown!

 

Blogger Tiffany said ... (1:26 PM, October 12, 2005) : 

hey, im with you 100% on this one!

 

Blogger Dorf said ... (1:43 PM, October 12, 2005) : 

It's a good thing Wounds makes all that money cause he has to pay most of it out for all the illegitimate children he has. I count at least 10 at last check. :-)

 

Anonymous bananas said ... (10:35 PM, October 12, 2005) : 

HHHMMMM..taxes..taxes..pie..taxes..taxes..pie..sex..pie..sex..sex - what was I going to say again? Oh yeah, what kind of pie were you thinking of? A little pie on the side maybe? MMMMM

 

post a comment