Ravenwood - 10/24/02 08:53 AM
El Rushbo reports just who is paying what taxes. Turns out that the top 50% pay over 96% of taxes, and the top 25% pays over 84% of taxes.
Of course, anyone who makes $55,000 per year or more is in the top 25% and considered 'rich'. That means that if you make enough to be in the top 25%, you can forget about any Democrat proposed tax 'rebates'. They are reserved for the 'middle' class and 'working families', and obviously, you don't work and aren't middle class.According to Dick 'Gebhardt', if you are in the top 25%, you are 'lucky', and have 'won life's lottery'. And of course Joe Lieberman wants tax 'rebates' for "taxpayers who did not receive one in 2001". This obviously doesn't include anyone in the top 50%; you know, someone who actually pays taxes.
The problem is that the entire bottom 50% pays almost no taxes, yet their vote counts the same as everyone elses. That makes it quite easy for them to vote money out of your wallet and into theirs.
It would be interesting if elections were more like shareholder votes in a corporation: you get one vote for every dollar in taxes you pay. Even if that were strictly for advisory measures, at least everyone would know how the people actually footing the bill felt about it.
Posted by: Steve at October 24, 2002 9:18 AMTypical.
Isn't the U.S. a representative democracy, not a corporation democracy? Why should people who can afford to, run the system? Oh wait, that's how it works anyway. Nevermind.
Posted by: lazywhinerkid at October 24, 2002 11:06 AM"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship."
-- Professor Alexander Tytler over 200 years ago
The reason the top 50% of earners pay 96% of taxes is because they make substantially more than 50% of the income. Think about it this way: list the numbers one to one hundred, then add the top 50 numbers, and the bottom fifty numbers. Not exactly even, are they? Now compound that by considering that the top fifty percent of earners can (and in the US do) make an unlimited amount of money, while the lowest few percent make a tiny amount of money. Is it inequitable to expect that those who benefit most from civil society pay for it? Is it unfair to expect that those who make the least don't give their last dollar to taxes? It also depends on how you define taxes and how you account for taxes that are deductible from income for other tax purposes... All of these arguments are more complicated than a one-line statement or a facile pie-chart.
Posted by: itsmorecomplicated at January 9, 2004 5:29 PM(c) Ravenwood and Associates, 1990 - 2014