For all of you I PAY MILLIONS IN TAXES read this
 

Did you know that ross perot pays less in taxes in terms of percentage of taxes to income than the average american household. "The Millionaire Next Door"

Re: For all of you I PAY MILLIONS IN TAXES read this
 

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Did you know that ross perot pays less in taxes in terms of percentage of taxes to income than the average american household. "The Millionaire Next Door"

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Why start like 4 threads on this? Yes, you can pay less in taxes if you are smart. Yes, the rich pay less than their fair share by exploiting the tax code. Yes, you should really really really see an accountant about your problems.

Re: For all of you I PAY MILLIONS IN TAXES read this
 

The top like 10% of wage earners pay like 70% of the total income tax taken in.... (or something approximately like this)

Sure if you make 10 billion and pay 5 billion in taxes you aren't exactly crying...

but that 5 billion you just paid is more than every garbage man and janitor will pay combined.

Re: For all of you I PAY MILLIONS IN TAXES read this
 

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The top like 10% of wage earners pay like 70% of the total income tax taken in.... (or something approximately like this)

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Do you have a link for this?

You can also just say I liston to 'RUSH' why do I need a link he always tells the truth.

Re: For all of you I PAY MILLIONS IN TAXES read this
 

This thread needs to be moved to the politics forum...

Re: For all of you I PAY MILLIONS IN TAXES read this
 

I sure hope they pay most of the taxes...they have most of the money!

Have you ever noticed that the people arguing the rich pay too much tax, never give the figures for the total percentage of income a rich person pays vs a middle class person?

Re: For all of you I PAY MILLIONS IN TAXES read this
 

[url=http://www.taxpolicycenter.org/TaxFacts/Tfdb/TFTemplate.cfm?DocID=221&Topic2id=20&Topic 3id=22[/url]

Here is the link for 2000 data.

The numbers, in summary (all 2000 numbers):

Top 1% of income earners paid 29.5% of all income taxes.
Top 5% of income earners paid 49.1% of all income taxes.
Top 10% of income earners paid 61.3% of all income taxes.

For those who want to claim that the rich don't pay their "fair share" of taxes, consider this:

Richest quintile paid 13.7% of their income in the form of income tax, poorest quintile "paid" -2.4%. Second lowest quintile paid only 0.8%. As a matter of fact, the bottom 40% of taxpayers did not pay any income tax as a whole.

I can't find more recent data off the top of my head, but I do know that actually following the Bush tax cuts, the rich pay a higher percentage of total income taxes. Yes, he cut taxes for the rich, but he cut taxes *more* for the poor (in percentage terms).

Re: For all of you I PAY MILLIONS IN TAXES read this
 

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As a matter of fact, the bottom 40% of taxpayers did not pay any income tax as a whole.

[/ QUOTE ]yeah, that included me working at mcdonalds with a year end total of like 4k

Re: For all of you I PAY MILLIONS IN TAXES read this
 

Exactly how much did Ross Perot pay in terms of percent. Your point is kind of loss until you say that. You're basically implying he pays 10% while average americans pay 20%.

Re: For all of you I PAY MILLIONS IN TAXES read this
 

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As a matter of fact, the bottom 40% of taxpayers did not pay any income tax as a whole.

[/ QUOTE ]yeah, that included me working at mcdonalds with a year end total of like 4k

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The lowest quintile is indeed made up primarily of part-time workers and such, which is precisely why when people throw out numbers like "the richest quintile makes x times the poorest quintile," it is highly misleading. You're comparing professionals in their peak earning years to college and high school students.

So, I agree that most people in the bottom two quintiles aren't poor people at all, but rather high school or college students, or spouses working part-time. But, it still remains that those who *are* legitimately poor don't pay income tax.