Top 400 Taxpayers Paid Almost As Much in 2009 as the Entire Bottom 50%



I hate this dumb shit, very misleading post:

Federal Insurance Contributions Act tax - Wikipedia, the free encyclopedia

What is FICA?

READ AND UNDERSTAND THIS POST:

1) From IRS data, the Total Wage Income of the Top 400 was $6.9B. On which they paid 1.45% medicare tax for just over $100M. Each one of them paid 6.2% on $106,800 for the SS portion of FICA for a total of of approximately $2.6M ... for grand total of $103M in payroll tax

2) The bottom 50% paid 7.65% on their entire collective income of $1.05T for a total of $80.3B

This is a ratio of just under 800:1
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If you throw in the supposed benefits that the 50% gains from, you're still looking at a > 600:1 tax burden that they shoulder.

Ly2, I expected better than this sensationalist garbage.

subigo said:
Seeing as how those 400 people made almost as much money as the entire 50% combined... sounds about right.
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WRONG!

http://www.irs.gov/pub/irs-soi/09intop400.pdf

http://www.irs.gov/pub/irs-soi/09in01etr.xls

The top 400 earned 12X *less* than the bottom 50%!

Finally, don't fucking forget that the top .5% of the population value themselves using net worth. For anyone that doesn't know what I'm implying, that means the increase in their net worth isn't by taxable realized income but through *untaxable* capital appreciation.
 
I read this thread and it really strikes a chord for me. I work really hard and pay a lot of taxes. But my lazy freaking kids goof off and don't bring home a dime. They go to fun places like "kindergarden" and "elementary" school and then come home and complain they are hungry.

I mean, they could contribute at least by renting themselves out as sewers cleaners (would fit nicely because of their small size).

And don't even get me started on my neighbour Dan who lives down the street who hasn't worked in years. Says the Multiple sclerosis gives him tremors.

Lazy bastard.
 
Benji49 said:
I read this thread and it really strikes a chord for me. I work really hard and pay a lot of taxes. But my lazy freaking kids goof off and don't bring home a dime. They go to fun places like "kindergarden" and "elementary" school and then come home and complain they are hungry.

I mean, they could contribute at least by renting themselves out as sewers cleaners (would fit nicely because of their small size).
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Your kids don't have chores to do when they get home?

And don't even get me started on my neighbour Dan who lives down the street who hasn't worked in years. Says the Multiple sclerosis gives him tremors.

Lazy bastard.
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He is disabled and has MS yet lives in the same neighborhood as you the working man. Pity is fine but don't you think its a little fucked up this guy who doesn't work gets to live the same life style you do? Why are you even going to work every day?
 
ly2 from WF said:
Point is they aren't poor. One minute they're buying big screens, next minute they're at an OWS protest because the rich don't pay enough in taxes, then off to the fucking food stamp line to get their monthly supply of frosted flakes.
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Pretty much. EBT'ing up their mountain dew and cookies then hitting up the food bank because "they don't get enough" food stamps to "live". Bitching about how they don't have insurance and can't pay for their heart surgery from their mountain dew overdose.




Nuke the fatties. :small-smiley-026:
 
hehejo said:
Becoming filthy rich means sacrificing a lot, taking a lot of risk to give value to everyone else (in most cases). That should be rewarded, not punished..
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This! I'm so glad someone else said it. It seems this 1 important fact is always overlooked by the people who cry about being poor. Oh, don't wanna be poor? Work harder, mother fucker.

+rep
 
fva-300-eduardo-saverin-twitter-300w2.jpg



Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Frederic Bastiat
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guerilla said:
Taxation is theft. Abandon all taxes.
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Well, no, not within a capitalist society, taxes are the ultimate form of capitalism. It's a required purchase for your existence, an existence that you are not allowed to extinguish.

Once society has moved beyond the concept of necessary economy, taxes will of course fall the way. Until then, they'll continue.


guerilla said:
There has never been a sustainable government
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Fixed that for you.
 
SkyFire said:
Well, no, not within a capitalist society, taxes are the ultimate form of capitalism. It's a required purchase for your existence, an existence that you are not allowed to extinguish.
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I think you've been reading too much Ayn Rand.
 
guerilla said:
The top 400 get a lot of social and economic welfare too.
.
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I surely agree with this part.

But also, really poor people can be kind of scary sometimes. I think that easy credit for "luxury" items like big TV sets (I don't consider a TV a luxury in itself), plus things like food stamps (not a luxury) - keep them from stealing yours.

When I used to work with low income people, I used to get aggravated that they all had giant TVs and I just had a modest TV. But I don't care about TVs that much, so I got over it. If I cared about big TVs, I would have one I guess.

It also aggravates me that people who own bigger houses than I do get a large tax deduction on the interest. Damn rich people leeching off of the rest of us....
 
bitsdawg said:
I surely agree with this part.

But also, really poor people can be kind of scary sometimes. I think that easy credit for "luxury" items like big TV sets (I don't consider a TV a luxury in itself), plus things like food stamps (not a luxury) - keep them from stealing yours.

When I used to work with low income people, I used to get aggravated that they all had giant TVs and I just had a modest TV. But I don't care about TVs that much, so I got over it. If I cared about big TVs, I would have one I guess.

It also aggravates me that people who own bigger houses than I do get a large tax deduction on the interest. Damn rich people leeching off of the rest of us....
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^^ they aint rich if they are PAYING interest in the first place bro
 
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