Why do the wealthy pay so little tax as a % of AGI?

iVillage Member
Registered: 10-25-2006
Why do the wealthy pay so little tax as a % of AGI?
21
Tue, 02-08-2011 - 3:24pm

After randomly checking the tax paid as a percent of AGI in about 12 of these wealthiest zip codes, I confirmed that the weatlhiest 2% need a tax increase, not more tax cuts.

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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php

http://www.youtube.com/watch?v=DQTBYQlQ7yM

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iVillage Member
Registered: 03-02-2009

The top 1% of earners already pay 39% of all federal income taxes, the top 50% pay 97% of all federal income taxes.

Besides a a tax cut, I think they are deserving of a big "thank you!" from the rest of the country.

"Resist, we much. We must, and we much. About that, be committed."

iVillage Member
Registered: 07-11-2006

I'd like to see some links backing that up. I'd also like to see the differences in "wealth" vs "earnings".

iVillage Member
Registered: 07-11-2006

This link dated last February seems to have some relevance.

http://www.quickanded.com/2010/02/effective-tax-rates-of-the-richest-400-americans.html

iVillage Member
Registered: 10-25-2006

i'm

-----------------------------------------------
http://www.pnhp.org/news/2009/october/meet_the_new_health_.php

http://www.youtube.com/watch?v=DQTBYQlQ7yM

iVillage Member
Registered: 05-27-2010
There is no disputing that the rich pay the lions share of the federal income taxes....any simpeton knows that. But the liberals just want more and more. Funny, I don't know of a singe rich liberal who voluntarily pays more...because they can afford to. They just want 'other ' rich people to pay more. Oh....the hypocrsy of the left never ceases to amaze me.
iVillage Member
Registered: 07-11-2006

There is no disputing that the rich pay the lions share of the federal income taxes....any simpeton knows that. But the liberals just want more and more. Funny, I don't know of a singe rich liberal who voluntarily pays more...because they can afford to. They just want 'other ' rich people to pay more. Oh....the hypocrsy of the left never ceases to amaze me.

Did I miss the substance here? Looks like generic anti-liberal rhetoric.

iVillage Member
Registered: 05-27-2010
Not at all. Just answering the tired old liberal rhetoric of 'the rich don't pay their fair share....blah, blah, blah'

They always seem so quick to spend other people's money but don't want to spend a dime of their own..
iVillage Member
Registered: 05-27-2010
Wed, 02-09-2011 - 10:41am
To janetlz: Wow, how eitist of you. Thank God for the lowly peons to collect our garbage. We should all be as thankful as you that our hard earned tax dollars are going to such a good cause. Tell me, how much extra in tax dollars are you paying this year?
iVillage Member
Registered: 05-23-2008
Wed, 02-09-2011 - 11:49am

The wealthiest know the tax loop holes.

iVillage Member
Registered: 07-11-2006
Wed, 02-09-2011 - 12:41pm

Still more anti-liberal rhetoric. Still no substance.

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