For the rich (top 1%) taxes are highly unfair. I bet we can all agree that the wealthier you are the more you should pay in taxes, but sometimes like now it goes to far. Our tax system is to such an extreme that any level minded person (IE: person who thinks like me). would agree that one group does not pay their fair share, and that the other overpays. Effectively "banking" off the rest like, leacheswell like to big to fail banks.
Where does our government get the authority, the balls, and the idea that they should, and can transfer wealth? Especially since they don't have the balls to pass Liberal legislation even as they have 59% of congress, and the white house (hopefully they grow them).Pure Socialist
(this word scares me for no logical reason, so I'll use it.)
Some facts.
The wealthiest 1% of Americans own 42% of the nations wealth(2004).
Wealth inequality
Aaa! Haa!
And the wealthiest 1% of Americans pay 28% of total government taxes (2006). I say total cause a lot of people seem to cherry pick the data and only include income taxes.
Who pays what taxes?
Aaa Haa! The conclusion is that the rich pay to much taxes. Wait... Shit... My basic 4th grade math skills say that that the real conclusion is the opposite.
This proves once and for all that the Conservatves are correct. Our tax system is really unbalanced. The wealthy seem to be paying A LOT LESS then their fair share.
If the top 1% were to pay the same percentage in taxes as they own in wealth then the total tax rate for them would need to increase by 50%
(I think blockquotes are cool so I decided to use one.)
I'm going to show the math. If you trust me or don't care then skip this part.
Wealth = 42%
total current tax = 28%
28*1.5=42.
Or 28/2= 14. 28+14= 42.
End of math.
I will recap and conclude, because I like reading my witting and desire to repeat my self, in order to read more of it.
The wealthiest 1% of Americans own 42% of this nations wealth, yet they only currently pay 28% of the federal governments tax revenue. This means that in order for the top 1% to pay their equal share they would need to see their taxes increase by 50%. In my opinion judging by this our tax system overtaxes the bottom 99% of Americans, in order to give the top 1% more $$$$. The reason is possibly cause they need it more, or that everyone else is to stupid to be trusted with $$$$. Now if you believe (like I do) that the rich should pay more in taxes(percent wise) then anyone else then we would need to see their taxes increased by 50+%. However I think we can compromise, and just settle for them paying their equal share. That is my opinion, and if you don't agree then go eat poision. Don't give me your opinion, I don't give a shit. I have no empathy for your opinion so go empathize your behind.
Have a nice day.