Occupy Wall Street

[Cthulhu Dreaming]

(13th October 2011 13:35)DeistPaladin Wrote:  Since the top 1% owns 1/3 of the nation's wealth, they should be paying 33% of the nation's tax income to maintain the nation.

Firstly, I want to make it clear that I do not disagree with you in principle. We're on the same side. Also note that I'm not advocating that our income tax is OK as it stands today - it's not, but I'm not sure that tax rates/brackets are the problem.

I haven't seen any statistics regarding tax burden by assets (as we don't tax by that metric), but I have been watching the reports on tax burden/income by quintile for several years - and those reports do indicate that the top quintile does in fact pay a larger share of income tax both in terms of percentage of income and in absolute dollars. Unfortunately, I haven't seen any recent numbers broken down with any more precision that by quintile, but I do recall that in the mid 2000s that the trend continued for the top 10%, 5% and 1%. If I recall correctly, these were reports from the Congressional Budget Office - when I have time to do so, I'll see if I can find the most current reports.

Do you have any current information on either tax burden-to-income or asset ratios? Not anecdotes, I've heard plenty of those, and those cases represent problems of a different sort that also ought to be addressed.

[Shell B]

(13th October 2011 11:10)kılıç_mehmet Wrote:  Do I have to explain every damn post I make?

If your posts made sense . . .

Quote:I said that it did not matter if you were a guy or a girl. I didn't even pay attention to your icon.

Obviously it doesn't matter. That doesn't mean it isn't common courtesy to not call me, "this guy."

Quote:I responded to you, since it was you who claimed that I hated America.

So, after all that, you admit you were responding to me. Why are you so weird?

[quote]Don't make me repeat myself again.
[quote]

Or what, tough guy?