Winterclaw opened this issue on Oct 09, 2008 · 105 posts
Klebnor posted Fri, 10 October 2008 at 4:03 PM
Total income tax share (percentage) Descending cumulative percentiles Total Top Top Top Top Top 1 percent 5 percent 10 percent 25 percent 50 percent (37) (38) (39) (40) (41) (42) 100.00 39.43 59.82 70.45 86.08 96.89
Quite right, I mistook the 60% who pay all for 60% paying none. Still, 40% paying nothing makes the point just as well. Also, the above table is from the IRS (check their website) and reflects 2006 tax collection. Interesting, no?
The top 25% of taxpayers pay 86% of all federal income taxes. The top 10% pays 70% !!!!!
One out of ten is paying for 7 out of ten. Well, that seems fair ... although it might not if you are that one guy. Of course, anyone who makes that much money is just lucky. It couldn't be hard, diligent work. So if he got his fat paycheck by luck, he should share with everyone else. Eat the rich!
The two term limit for presidents is a relatively modern introduction, not ratified until 1951 (the 22nd amendment). It was a response to the three terms of Franklin D. Roosevelt. Two for that windbag would have been quite enough. He actually set the groundwork for the current crisis, but that is a tale for another day. And that limit works well - the principle should be extended.
There is no inalienable right to keep electing an overage, overweight, senile gassbag senator - Ted Kennedy notwithstanding. You put your finger on the problem. Everyone hates the congress as a collective group, but loves "their" congressman. Since they are all such sterling individuals, there must be something in the water in the D of C that causes them to act like asses.
Klebnor
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