Under George Bush, 31% of a taxation cuts were since to a wealthiest 1% of Americans. Under McCain’s plan, 58% of taxation cuts will go to a wealthiest 1%. Send this video to your friends, as well as ask them to pass it on!
the top 1% of taxpayers pay 1/3 of all tax revenue. The top 10% pay 65% of the revenue, so of course loop holes benefit the rich. from investors business daily
I saw some video called unbroke on tv with will smith and cedric the entertainer and shit explaining things liek why you only need one credit card and why subprime morgages are bad. what a joke.
Before 1917 was 7% and before 1913 was 0%. Did you know that between 1950 and 1970 unemployment rates in European Union were 4 or 5 times lower than in America? In those years American economy was build around military industry complex (Roosevelt spent 42% of GDP in WWII), wars, high taxation, and consumption, which eventually led to abandon gold monetary discipline and reckless fiscal policies. Not a manufacture economy anymore. And the government share of GDP is now much higher than ever.
There is NOT a 5% of rich people. Not in America not in Europe… Maybe in Suadi Arabi or places like that. Many people (inside the 5%) who make 250,000 a year are actually little or medium size companies with a dozen workers or so. Warren Buffet, Larry Page, etc are not even a 0.001%. So STOP lying, please.
the 1% don’t pay half of the federa income taxes. The more you make, the more loop holes and credits there are that make it possible to pay little or no taxes. 61% of the nations corporations pay NO TAXES.
America is fucking stupid cause everyone lives off fucking credit. I want to hurl my remote at the TV whenever I see commercials saying “why am I in debt?” STOP SPENDING MONEY YOU DON’T HAVE YOU IDIOTIC FUCKS.
Now if McCain was a democrat Bush and the RNC would call him a flip flopper. Historically speaking he’s a hypocrite.
“Thi is class/income discrimination at its finest. ”
Tell you what, if all my required expenses, food, cost of living, trans, health insurance, etc, was less than 1% of my total income I wouldn’t be making party donations so that I could keep even more money.
All rich people do is try to make more than the next rich person to see who has the bigger dick.
Wouldn’t it be fair for 31% of the taxcuts to go to the richest 1% if they pay half of all federal income taxes? This is class/income discrimination at its finest.
When the top tax rates were truly high from 1950 to 1978, American income at all levels grew at about the same pace.
But when progressivity was lost in the 80s, the income of the poor began falling, while that of the rich continued growing.
Personal income tax rate for the top bracket in 1945 was 91%, from 1946 – 63 was 88%,from 1964-81 was 70%, from1981 – 86 was 50%, in 1988 was 28%, and in 1991 was 31%.
If we look at income Growth by Quintile, we find that from 1950-1978, the income growth of the lowest 20% grew 138%, the income of the 2nd 20% grew 98%, the income of the 3rd 20% grew 106%, the income of the 4th 20% grew 111%, and the income of the highest 20% grew 99%.
Whereas from 1979-1993 the income growth of the lowest 20% grew -15%, the income of the 2nd 20% grew -7%, the income of the 3rd 20% grew -3%, the income of the 4th 20% grew 5%, and the income of the highest 20% grew 18%.
I got news for this idiot who posted this video…..in relation to the last frame of information saying that 58% of tax cuts go to the wealthiest 1%. The wealthiest 1% pay 60% of all taxes in this country, and I know because I fit in that bracket.
So again, why do people have a problem with disproportional tax breaks for the rich, but are perfectly ok with the rich PAYING a disproportional amount of taxes (top 5% wage earners pay about 50% of taxes and top 50% wage earners pay about 95% of taxes)??? If it’s “fairness” you really want (LMAO) then everyone should pay the same percentage. By the way: psssst, these videos are not all that “brave”.
You SheepFuckers only see what McCain tells you to see. He has FLIP-FLOPPED on EVERY TOPIC presented to him. As long as he keeps CHANGING HIS ANSWERS, he’s bound to ACCIDENTALLY STUMBLE into the right one!
McCain is THE MASTER at telling ppl what they want to hear! But IGNORE ALL THAT!
Related IRS posts:
- Tax Cuts For Rich Don’t Work – Cenk On MSNBC See a contribution upon Tax Cuts Here: tinyurl.com Host of The Young Turks Cenk Uygur kicks off his initial weekly...
- Barack Obama on McCain’s Tax Plan Barack Obama speaks about John McCain’s taxation devise in St. Louis, Missouri....
- Senators Clinton and Obama claim that they will abolish the tax cuts for the rich? What taxation cuts? The abounding have a 35% income taxation rate, and a 15% collateral gains tax. I’m not rich,...
- Are tax paying international students going to get tax rebate checks under the economic stimulus plan? A couple of of my general friends from assorted opposite countries have been operative as well as have been profitable...
- CNN Crunches Obama and McCain Tax Plans CNN, Jun 12, 2008...
If you like this blog please take a second and subscribe to my rss feedIRS Lawyer Topics: bailout, bush, corporate, cuts, depression, economy, george, george bush, john, mccain, plan, recession, richest, Tax, tax cuts, wealthy, welfare
Comments: 25 comments
All the IRS TAX fields that are marked with REQ must be filled when search for IRS Tax
jsgoodfella
January 2nd, 2010 at 6:38 am
the top 1% of taxpayers pay 1/3 of all tax revenue. The top 10% pay 65% of the revenue, so of course loop holes benefit the rich. from investors business daily
jsgoodfella
January 2nd, 2010 at 6:38 am
thats a good thing
jsgoodfella
January 2nd, 2010 at 6:38 am
what the bottom 60% pay .8% of the taxes
libradaritadjv
January 2nd, 2010 at 6:38 am
Nice work. keep it up. mean time come for social media marketing for esteembpo**com GJ
charlieapeshit
January 2nd, 2010 at 6:38 am
I saw some video called unbroke on tv with will smith and cedric the entertainer and shit explaining things liek why you only need one credit card and why subprime morgages are bad. what a joke.
xaviqaz
January 2nd, 2010 at 6:38 am
Before 1917 was 7% and before 1913 was 0%. Did you know that between 1950 and 1970 unemployment rates in European Union were 4 or 5 times lower than in America? In those years American economy was build around military industry complex (Roosevelt spent 42% of GDP in WWII), wars, high taxation, and consumption, which eventually led to abandon gold monetary discipline and reckless fiscal policies. Not a manufacture economy anymore. And the government share of GDP is now much higher than ever.
xaviqaz
January 2nd, 2010 at 6:38 am
There is NOT a 5% of rich people. Not in America not in Europe… Maybe in Suadi Arabi or places like that. Many people (inside the 5%) who make 250,000 a year are actually little or medium size companies with a dozen workers or so. Warren Buffet, Larry Page, etc are not even a 0.001%. So STOP lying, please.
xaviqaz
January 2nd, 2010 at 6:38 am
Are you saying that America did not progress before 1913, when there was no federal income tax?
leykisfan1
January 2nd, 2010 at 6:38 am
the 1% don’t pay half of the federa income taxes. The more you make, the more loop holes and credits there are that make it possible to pay little or no taxes. 61% of the nations corporations pay NO TAXES.
HeroOfXanadus
January 2nd, 2010 at 6:38 am
this is how republicans roll…
ellisfreedman
January 2nd, 2010 at 6:38 am
America is fucking stupid cause everyone lives off fucking credit. I want to hurl my remote at the TV whenever I see commercials saying “why am I in debt?” STOP SPENDING MONEY YOU DON’T HAVE YOU IDIOTIC FUCKS.
It’s not that hard.
axt947
January 2nd, 2010 at 6:38 am
Now if McCain was a democrat Bush and the RNC would call him a flip flopper. Historically speaking he’s a hypocrite.
“Thi is class/income discrimination at its finest. ”
Tell you what, if all my required expenses, food, cost of living, trans, health insurance, etc, was less than 1% of my total income I wouldn’t be making party donations so that I could keep even more money.
All rich people do is try to make more than the next rich person to see who has the bigger dick.
danimal9579
January 2nd, 2010 at 6:38 am
Wouldn’t it be fair for 31% of the taxcuts to go to the richest 1% if they pay half of all federal income taxes? This is class/income discrimination at its finest.
Lobos222
January 2nd, 2010 at 6:38 am
The first McCain is the honest real one. The “Maverick” among Republicans.
The second McCain is the I want to be President so I will sell my “Maverick” label and do as am told by GOP to get that chance…
terminator007007
January 2nd, 2010 at 6:38 am
If you believe any politician you are a moron.
Federal income tax is a scam and it is Unconstitutional.
Bacchant33rd
January 2nd, 2010 at 6:38 am
thanks!
punkunion2
January 2nd, 2010 at 6:38 am
Well put. It’s nice to see that someone has actually done their homework.
Bacchant33rd
January 2nd, 2010 at 6:38 am
When the top tax rates were truly high from 1950 to 1978, American income at all levels grew at about the same pace.
But when progressivity was lost in the 80s, the income of the poor began falling, while that of the rich continued growing.
Personal income tax rate for the top bracket in 1945 was 91%, from 1946 – 63 was 88%,from 1964-81 was 70%, from1981 – 86 was 50%, in 1988 was 28%, and in 1991 was 31%.
Bacchant33rd
January 2nd, 2010 at 6:38 am
If we look at income Growth by Quintile, we find that from 1950-1978, the income growth of the lowest 20% grew 138%, the income of the 2nd 20% grew 98%, the income of the 3rd 20% grew 106%, the income of the 4th 20% grew 111%, and the income of the highest 20% grew 99%.
Whereas from 1979-1993 the income growth of the lowest 20% grew -15%, the income of the 2nd 20% grew -7%, the income of the 3rd 20% grew -3%, the income of the 4th 20% grew 5%, and the income of the highest 20% grew 18%.
ponic420h
January 2nd, 2010 at 6:38 am
with a name like rickiller59 I BET YOU ARE A MULTI BILLIONAIRE!!
RICH PEOPLE COOK THE BOOKS ANYWAY!!
rickiller59
January 2nd, 2010 at 6:38 am
I got news for this idiot who posted this video…..in relation to the last frame of information saying that 58% of tax cuts go to the wealthiest 1%. The wealthiest 1% pay 60% of all taxes in this country, and I know because I fit in that bracket.
Playitalready
January 2nd, 2010 at 6:38 am
….
buffalowingmediabias
January 2nd, 2010 at 6:38 am
So again, why do people have a problem with disproportional tax breaks for the rich, but are perfectly ok with the rich PAYING a disproportional amount of taxes (top 5% wage earners pay about 50% of taxes and top 50% wage earners pay about 95% of taxes)??? If it’s “fairness” you really want (LMAO) then everyone should pay the same percentage. By the way: psssst, these videos are not all that “brave”.
1Nick3The3Pka7
January 2nd, 2010 at 6:38 am
Let’s face it. McCain Sucks heavy shit.
MidnitXpres
January 2nd, 2010 at 6:38 am
You SheepFuckers only see what McCain tells you to see. He has FLIP-FLOPPED on EVERY TOPIC presented to him. As long as he keeps CHANGING HIS ANSWERS, he’s bound to ACCIDENTALLY STUMBLE into the right one!
McCain is THE MASTER at telling ppl what they want to hear! But IGNORE ALL THAT!
Leave a reply