Taxes On The Rich Near 30-Year High: Tax Policy Center

Quote from gunnerusa : Growth in after-tax income, 1979-2007: Oh, the poor oppressed rich.

That is probably the most troubling chart here. There are plenty of countries without a middle class, a direction to which this chart trends, and they are not good places to live.

Quote from MISHNAH : Umm, just because you get richer, it doesnt mean you have proportionally more homes or cars than a poor person does!

It means you spend proportionally less on things that you have no choice but to buy and be taxed on. Toilet paper, toothpaste, soap, etc...Let's assume it takes a minimum of $1000 to buy the bare necessities. 10% sales tax.

The poor person therefore pays $100 tax on absolute necessities on an income of $10,000. 1% of his income.

The rich person pays $100 tax on absolute necessities on an income of $1,000,000. 0.0001% of his income.

Quote from JeniC : What people also tend to forget is those with more money also put more of a burden on the lesser.

I prefer the "Red Dawn" scenario. Cuba invades and confiscates everyone's stuff. I lose basically nothing, but the rich guy loses a lot. He should pay more because he has more to lose.

Quote from MISHNAH : So besides sales tax and car reg, Texas gets right about nothing else from me, oh the horrors!

Most states charge taxes on phone bills, gas , car insurance etc... There are more taxes then you realize. Tolls, license fees, insurance fees are also a form of tax.


List of Taxes We Pay
Just for fun, a list of all the taxes we pay here in the U.S.:

Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Court Fines (indirect taxes)
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (42 cents per gallon)
Hunting License Tax
Inheritance Tax
Interest Expense (tax on the money)
Inventory Tax I
RS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Local Income Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Recreational Vehicle Tax
Road Toll Booth Taxes
Road Usage Taxes (truckers)
Sales Taxes
School Tax
Septic Permit Tax
Service Charge Taxes
Social Security Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Federal Universal Service Fee Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Toll Bridge Taxes Toll
Tunnel Taxes
Trailer Registration
Tax Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers’ Compensation Tax

Quote from jonsmith74 : The top 1 and top 5 percent are not good enough?

They are.

So you have the data for the top 1 and top 5 percent (wrt the title of this thread)?

Quote from JeniC : What people also tend to forget is those with more money also put more of a burden on the lesser. How? Well for example all those huge SUV's, expensive boats, private airplanes (for those that actually have them) all use more gas thus causing the demand to rise thus causing the rest of us to pay more. Same thing with electricity. I drive around some of the "richer" streets in my area and a lot of houses have like 5 spot lights and recessed lighting on the exterior of their house lighting it up to show off. All night approx 9 hrs x 365 days a year. This "waste" drives up costs for the rest of us.

A little off-topic, yes?

No relevance at all to tax burden.

Not sure what your point is? You thought it was common sense that the rich pay much less than we do and when confronted with actual data that says otherwise, you whine about perceived effects of how the "rich" live.

Quote from roughnready : That is probably the most troubling chart here. There are plenty of countries without a middle class, a direction to which this chart trends, and they are not good places to live.

The chart suggests no such trend.

Quote from gunnerusa : I prefer the "Red Dawn" scenario. Cuba invades and confiscates everyone's stuff. I lose basically nothing, but the rich guy loses a lot. He should pay more because he has more to lose.

LMAO.

Punish them, eh?

Quote from roughnready : That is probably the most troubling chart here. There are plenty of countries without a middle class, a direction to which this chart trends, and they are not good places to live.

Exactly. People only work and innovate when they're rewarded for doing so. The Republicans have created a system where most jobs are of the "Wal-Mart" minimum wage type, with a small class that is paid to serve as overlords for the ultra rich 1% that owns almost everything.

Quote from JeniC : Most states charge taxes on phone bills, gas , car insurance etc... There are more taxes then you realize. Tolls, license fees, insurance fees are also a form of tax. List of Taxes We Pay Just for fun, a list of all the taxes we pay here in the U.S.: Accounts Receivable Tax Building Permit Tax Capital Gains Tax CDL License Tax Cigarette Tax Corporate Income Tax Court Fines (indirect taxes) Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (42 cents per gallon) Hunting License Tax Inheritance Tax Interest Expense (tax on the money) Inventory Tax I RS Interest Charges (tax on top of tax) IRS Penalties (tax on top of tax) Liquor Tax Local Income Tax Luxury Taxes Marriage License Tax Medicare Tax Property Tax Real Estate Tax Recreational Vehicle Tax Road Toll Booth Taxes Road Usage Taxes (truckers) Sales Taxes School Tax Septic Permit Tax Service Charge Taxes Social Security Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal, State and Local Surcharge Taxes Telephone Federal Universal Service Fee Tax Telephone Minimum Usage Surcharge Tax Telephone Recurring and Nonrecurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Toll Bridge Taxes Toll Tunnel Taxes Trailer Registration Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers’ Compensation Tax

Hmm, not sure how this adds or detracts from the main points of this thread...

Quote from jonsmith74 : A little off-topic, yes? No relevance at all to tax burden. Not sure what your point is? You thought it was common sense that the rich pay much less than we do and when confronted with actual data that says otherwise, you whine about perceived effects of how the "rich" live.

A little but not totally since for example gas we here in NYS pay over .60 a gallon and our county part of the tax is a sales based so as the price goes up so does the tax. So more of the rich putting a burden on the poor.

Quote from jonsmith74 : Hmm, not sure how this adds or detracts from the main points of this thread...

I was thinking the same thing about your posts.

Quote from jonsmith74 : The chart suggests no such trend.

Since you appear to be on a roll, please enlighten me. How does that chart not suggest wealth being directed toward the top 1% as opposed to everyone else?

Quote from roughnready : Since you appear to be on a roll, please enlighten me. How does that chart not suggest wealth being directed toward the top 1% as opposed to everyone else?

He has no fact-based answers. All of his posts are pure rhetoric pulled out of thin air. Or some other, significantly less bright, sunny, and pleasant smelling place.

Quote from roughnready : Since you appear to be on a roll, please enlighten me. How does that chart not suggest wealth being directed toward the top 1% as opposed to everyone else?

That's not the trend you were suggesting was illustrated by that chart. Shall I quote you:

Quote : There are plenty of countries without a middle class, a direction to which this chart trends, and they are not good places to live.

Now...do you want to move the goalposts back to where they were?

Quote from gunnerusa : He has no fact-based answers. All of his posts are pure rhetoric pulled out of thin air. Or some other, significantly less bright, sunny, and pleasant smelling place.

Hmmm, you provide a less-than-comprehensive chart about the issue presented by another poster. I present the comprehensive picture.

But I have no fact-based answers...lol. Ok, I guess.

Quote from jonsmith74 : Now...do you want to move the goalposts back to where they were?

By all means please respond to the original phrasing if that helps.