Well, at least the wealthiest...

Rick Perry’s plan to scrap the graduated income tax and replace it
with a 20-percent flat rate would call for deep cuts in federal
programs and grant a major tax cut for the wealthy by eliminating
estate and capital gains taxes while sharply lowering the rate the
richest Americans pay on the bulk of their income, which is now set at
35 percent.


This guy is clearly the dumbest of all the Republican clowns running.

On 10/25/11 1:58 PM, jps wrote:

Well, at least the wealthiest...

Rick Perry’s plan to scrap the graduated income tax and replace it
with a 20-percent flat rate would call for deep cuts in federal
programs and grant a major tax cut for the wealthy by eliminating
estate and capital gains taxes while sharply lowering the rate the
richest Americans pay on the bulk of their income, which is now set at
35 percent.


This guy is clearly the dumbest of all the Republican clowns running.

Hmmm. I think he's at least as dumb as Bachmann. What is it with Texans
and their penchant for really dumb Republican governors?

On Oct 25, 1:58*pm, jps wrote:
Well, at least the wealthiest...

Rick Perry’s plan to scrap the graduated income tax and replace it
with a 20-percent flat rate would call for deep cuts in federal
programs and grant a major tax cut for the wealthy by eliminating
estate and capital gains taxes while sharply lowering the rate the
richest Americans pay on the bulk of their income, which is now set at
35 percent.

This guy is clearly the dumbest of all the Republican clowns running.

35 percent? Thats it? Boy, its no wonder the USA is screwed.

On Tue, 25 Oct 2011 11:04:27 -0700 (PDT), "*e#c"
wrote:

On Oct 25, 1:58*pm, jps wrote:
Well, at least the wealthiest...

Rick Perry’s plan to scrap the graduated income tax and replace it
with a 20-percent flat rate would call for deep cuts in federal
programs and grant a major tax cut for the wealthy by eliminating
estate and capital gains taxes while sharply lowering the rate the
richest Americans pay on the bulk of their income, which is now set at
35 percent.

This guy is clearly the dumbest of all the Republican clowns running.

35 percent? Thats it? Boy, its no wonder the USA is screwed.

That's before all the deductions and loopholes built into the tax code
that favor the wealthy.

On 25/10/2011 11:58 AM, jps wrote:

Well, at least the wealthiest...

Rick Perry’s plan to scrap the graduated income tax and replace it
with a 20-percent flat rate would call for deep cuts in federal
programs and grant a major tax cut for the wealthy by eliminating
estate and capital gains taxes while sharply lowering the rate the
richest Americans pay on the bulk of their income, which is now set at
35 percent.


This guy is clearly the dumbest of all the Republican clowns running.

Sounds better than being a greedy son of a bitch like 0bama. After all,
our kids and grand kids get an extra $5 trillion in debt to pay for
todays bailout and corruption debt-spend.

So when did it become honorable American to shaft others with debt?

Fact is you corrupt *******s better figure out a way to pay your bills
with real money. Pretty bad when some third world countries real estate
prices are approaching and surpassing some American jurisdictions for a
similar sq/ft.

In reality, capital gains shouldn't be taxed. Simple reason is acquired
assets apprenticing not, a bar of gold is still a bar of gold, in gold
term it hasn't appreciated a bit. Wh has happened is the amount of
currency it requires to get gold has gone form $19 in 1914 to $1650 today.

But then, that is why many are no longer investing in USA. USA is now a
zero rate economy. No value, just the promise of more future government
tax greed for todays debt and not much else.

Smart money is going to one or more of Australia, Chile, Peru, Brazil,
China, India, Argentina or others not subscribing to
Bernanke/Carney/EuroBank regime currency fraud.

Get used to it, USA, same status as a third world country.
--
Eat the rich, screw the companies and wonder why there are no jobs. But
we have big huge government we can't afford...
-- Obama and the lefty fleabagger attitude

On 25/10/2011 12:06 PM, jps wrote:
On Tue, 25 Oct 2011 11:04:27 -0700 (PDT), "*e#c"
wrote:

On Oct 25, 1:58 pm, wrote:
Well, at least the wealthiest...

Rick Perry’s plan to scrap the graduated income tax and replace it
with a 20-percent flat rate would call for deep cuts in federal
programs and grant a major tax cut for the wealthy by eliminating
estate and capital gains taxes while sharply lowering the rate the
richest Americans pay on the bulk of their income, which is now set at
35 percent.

This guy is clearly the dumbest of all the Republican clowns running.

35 percent? Thats it? Boy, its no wonder the USA is screwed.

That's before all the deductions and loopholes built into the tax code
that favor the wealthy.

Obviously you must be a low contributer to society or you would know
your full of ****. Fact is middle-upper class and up pay the bills,
lower class just lay on their useless asses and pay zip. 47% of you
lazy *******s don't contribute enough yet want to persecute the 1% that
pays a lot.

Answer, unemployment and a crappy economy as why invest in greedy,
ungrateful, silly, envious, selfish *******s like you?
--
Eat the rich, screw the companies and wonder why there are no jobs. But
we have big huge government we can't afford...
-- Obama and the lefty fleabagger attitude

On Oct 25, 2:06*pm, jps wrote:
On Tue, 25 Oct 2011 11:04:27 -0700 (PDT), "*e#c"

wrote:
On Oct 25, 1:58*pm, jps wrote:
Well, at least the wealthiest...

Rick Perry’s plan to scrap the graduated income tax and replace it
with a 20-percent flat rate would call for deep cuts in federal
programs and grant a major tax cut for the wealthy by eliminating
estate and capital gains taxes while sharply lowering the rate the
richest Americans pay on the bulk of their income, which is now set at
35 percent.

This guy is clearly the dumbest of all the Republican clowns running.

35 percent? Thats it? * Boy, its no wonder the USA is screwed.

That's before all the deductions and loopholes built into the tax code
that favor the wealthy.

You guys can't get your story straight. One minute you say the rich
don't pay *any* taxes, the next it's that a 20% rate would be sharply
lowering their rate.

And how in the hell does a tax code that has the bottom levels paying
little to no tax, and even giving them refunds exceeding what they
paid in, favor the wealthy?

--------------------------------------------------------------------------------------
Feeling overtaxed? Under the U.S. income tax system, most of the taxes
collected are supposed to be paid by the people who make the most
money. Thanks to President Bush's tax cuts, that is exactly the way
the system works, says the U.S. Treasury Department.
According to the Office of Tax Analysis, the U.S. individual income
tax is "highly progressive," with a small group of higher-income
taxpayers paying most of the individual income taxes each year.


•In 2002 the latest year of available data, the top 5 percent of
taxpayers paid more than one-half (53.8 percent) of all individual
income taxes, but reported roughly one-third (30.6 percent) of income.


•The top 1 percent of taxpayers paid 33.7 percent of all individual
income taxes in 2002. This group of taxpayers has paid more than 30
percent of individual income taxes since 1995. Moreover, since 1990
this group’s tax share has grown faster than their income share.

•Taxpayers who rank in the top 50 percent of taxpayers by income pay
virtually all individual income taxes. In all years since 1990,
taxpayers in this group have paid over 94 percent of all individual
income taxes. In 2000, 2001, and 2002, this group paid over 96 percent
of the total.
Treasury Department analysts credit President Bush's tax cuts with
shifting a larger share of the individual income taxes paid to higher
income taxpayers. In 2005, says the Treasury, when most of the tax cut
provisions are fully in effect (e.g., lower tax rates, the $1,000
child credit, marriage penalty relief), the projected tax share for
lower-income taxpayers will fall, while the tax share for higher-
income taxpayers will rise.



•The share of taxes paid by the bottom 50 percent of taxpayers will
fall from 4.1 percent to 3.6 percent.


•The share of taxes paid by the top 1 percent of taxpayers will rise
from 32.3 percent to 33.7 percent.


•The average tax rate for the bottom 50 percent of taxpayers falls by
27 percent as compared to a 13 percent decline for taxpayers in the
top 1 percent.
The White House has announced it will lobby Congress to pass
legislation making most of President Bush's tax cutting measures
permanent.

Source: U.S. Treasury, Office of Tax Analysis
------------------------------------------------------

"Jack." wrote:
On Oct 25, 2:06 pm, jps wrote:
On Tue, 25 Oct 2011 11:04:27 -0700 (PDT), "*e#c"

wrote:
On Oct 25, 1:58 pm, jps wrote:
Well, at least the wealthiest...

Rick Perrys plan to scrap the graduated income tax and replace it
with a 20-percent flat rate would call for deep cuts in federal
programs and grant a major tax cut for the wealthy by eliminating
estate and capital gains taxes while sharply lowering the rate the
richest Americans pay on the bulk of their income, which is now set at
35 percent.

This guy is clearly the dumbest of all the Republican clowns running.

35 percent? Thats it? Boy, its no wonder the USA is screwed.

That's before all the deductions and loopholes built into the tax code
that favor the wealthy.

You guys can't get your story straight. One minute you say the rich
don't pay *any* taxes, the next it's that a 20% rate would be sharply
lowering their rate.

And how in the hell does a tax code that has the bottom levels paying
little to no tax, and even giving them refunds exceeding what they
paid in, favor the wealthy?

--------------------------------------------------------------------------------------
Feeling overtaxed? Under the U.S. income tax system, most of the taxes
collected are supposed to be paid by the people who make the most
money. Thanks to President Bush's tax cuts, that is exactly the way
the system works, says the U.S. Treasury Department.
According to the Office of Tax Analysis, the U.S. individual income
tax is "highly progressive," with a small group of higher-income
taxpayers paying most of the individual income taxes each year.


"In 2002 the latest year of available data, the top 5 percent of
taxpayers paid more than one-half (53.8 percent) of all individual
income taxes, but reported roughly one-third (30.6 percent) of income.


"The top 1 percent of taxpayers paid 33.7 percent of all individual
income taxes in 2002. This group of taxpayers has paid more than 30
percent of individual income taxes since 1995. Moreover, since 1990
this groups tax share has grown faster than their income share.

"Taxpayers who rank in the top 50 percent of taxpayers by income pay
virtually all individual income taxes. In all years since 1990,
taxpayers in this group have paid over 94 percent of all individual
income taxes. In 2000, 2001, and 2002, this group paid over 96 percent
of the total.
Treasury Department analysts credit President Bush's tax cuts with
shifting a larger share of the individual income taxes paid to higher
income taxpayers. In 2005, says the Treasury, when most of the tax cut
provisions are fully in effect (e.g., lower tax rates, the $1,000
child credit, marriage penalty relief), the projected tax share for
lower-income taxpayers will fall, while the tax share for higher-
income taxpayers will rise.



"The share of taxes paid by the bottom 50 percent of taxpayers will
fall from 4.1 percent to 3.6 percent.


"The share of taxes paid by the top 1 percent of taxpayers will rise
from 32.3 percent to 33.7 percent.


"The average tax rate for the bottom 50 percent of taxpayers falls by
27 percent as compared to a 13 percent decline for taxpayers in the
top 1 percent.
The White House has announced it will lobby Congress to pass
legislation making most of President Bush's tax cutting measures
permanent.

Source: U.S. Treasury, Office of Tax Analysis
------------------------------------------------------
Perry seems too desperate. And Cain is in outer space. It is going to be
the Mittster.

--
Sent from my iPhone 4S.

On 10/25/2011 5:54 PM, X ` Man wrote:
wrote:
On Oct 25, 2:06 pm, wrote:
On Tue, 25 Oct 2011 11:04:27 -0700 (PDT), "*e#c"

wrote:
On Oct 25, 1:58 pm, wrote:
Well, at least the wealthiest...

Rick Perrys plan to scrap the graduated income tax and replace it
with a 20-percent flat rate would call for deep cuts in federal
programs and grant a major tax cut for the wealthy by eliminating
estate and capital gains taxes while sharply lowering the rate the
richest Americans pay on the bulk of their income, which is now set at
35 percent.

This guy is clearly the dumbest of all the Republican clowns running.

35 percent? Thats it? Boy, its no wonder the USA is screwed.

That's before all the deductions and loopholes built into the tax code
that favor the wealthy.

You guys can't get your story straight. One minute you say the rich
don't pay *any* taxes, the next it's that a 20% rate would be sharply
lowering their rate.

And how in the hell does a tax code that has the bottom levels paying
little to no tax, and even giving them refunds exceeding what they
paid in, favor the wealthy?

--------------------------------------------------------------------------------------
Feeling overtaxed? Under the U.S. income tax system, most of the taxes
collected are supposed to be paid by the people who make the most
money. Thanks to President Bush's tax cuts, that is exactly the way
the system works, says the U.S. Treasury Department.
According to the Office of Tax Analysis, the U.S. individual income
tax is "highly progressive," with a small group of higher-income
taxpayers paying most of the individual income taxes each year.


"In 2002 the latest year of available data, the top 5 percent of
taxpayers paid more than one-half (53.8 percent) of all individual
income taxes, but reported roughly one-third (30.6 percent) of income.


"The top 1 percent of taxpayers paid 33.7 percent of all individual
income taxes in 2002. This group of taxpayers has paid more than 30
percent of individual income taxes since 1995. Moreover, since 1990
this groups tax share has grown faster than their income share.

"Taxpayers who rank in the top 50 percent of taxpayers by income pay
virtually all individual income taxes. In all years since 1990,
taxpayers in this group have paid over 94 percent of all individual
income taxes. In 2000, 2001, and 2002, this group paid over 96 percent
of the total.
Treasury Department analysts credit President Bush's tax cuts with
shifting a larger share of the individual income taxes paid to higher
income taxpayers. In 2005, says the Treasury, when most of the tax cut
provisions are fully in effect (e.g., lower tax rates, the $1,000
child credit, marriage penalty relief), the projected tax share for
lower-income taxpayers will fall, while the tax share for higher-
income taxpayers will rise.



"The share of taxes paid by the bottom 50 percent of taxpayers will
fall from 4.1 percent to 3.6 percent.


"The share of taxes paid by the top 1 percent of taxpayers will rise
from 32.3 percent to 33.7 percent.


"The average tax rate for the bottom 50 percent of taxpayers falls by
27 percent as compared to a 13 percent decline for taxpayers in the
top 1 percent.
The White House has announced it will lobby Congress to pass
legislation making most of President Bush's tax cutting measures
permanent.

Source: U.S. Treasury, Office of Tax Analysis
------------------------------------------------------
Perry seems too desperate. And Cain is in outer space. It is going to be
the Mittster.

The Mitt replaces the Mutt. Hey, I like it. It even rhymes.

On 10/25/2011 2:43 PM, Canuck57 wrote:
On 25/10/2011 12:06 PM, jps wrote:
On Tue, 25 Oct 2011 11:04:27 -0700 (PDT), "*e#c"
wrote:

On Oct 25, 1:58 pm, wrote:
Well, at least the wealthiest...

Rick Perry’s plan to scrap the graduated income tax and replace it
with a 20-percent flat rate would call for deep cuts in federal
programs and grant a major tax cut for the wealthy by eliminating
estate and capital gains taxes while sharply lowering the rate the
richest Americans pay on the bulk of their income, which is now set at
35 percent.

This guy is clearly the dumbest of all the Republican clowns running.

35 percent? Thats it? Boy, its no wonder the USA is screwed.

That's before all the deductions and loopholes built into the tax code
that favor the wealthy.

Obviously you must be a low contributer to society or you would know
your full of ****. Fact is middle-upper class and up pay the bills,
lower class just lay on their useless asses and pay zip. 47% of you lazy
*******s don't contribute enough yet want to persecute the 1% that pays
a lot.

Answer, unemployment and a crappy economy as why invest in greedy,
ungrateful, silly, envious, selfish *******s like you?
Get it right if you're going to use it.
I don't remember the published report but the majority of taxes are paid
by wage earners at about 45%. Corporations, the 1%, paid about 12% and
the rest from exise taxes etc.