The 99% is Bitching about the 1% even though the 1% Pays more Income Taxes than the 50% Who Pays None

Posted by PITHOCRATES - November 6th, 2011

Week in Review

With the Obama administration piling on the class warfare reelection strategy, and the Occupy Wall Street movements lingering on like an annoying bout of constipation, we should look at the numbers.  And just see what those rich sons of bitches are actually paying in taxes (see Making taxes fairer by Michael A. Walsh posted 10/30/2011 on the New York Post).

* In tax year 2009, the top 1 percent of filers — those “millionaires and billionaires” with adjusted gross annual incomes of more $343,927 whom the Occupy Wall Street rabble is demonizing — paid nearly 37 percent of federal income taxes.

* The top 10 percent with incomes over $112,124 (say, a New York City cop and a teacher filing jointly) paid more than 70 percent of income taxes.

* The top 50 percent (starting with princely incomes over $32,396) paid — wait for it — nearly 98 percent of all federal taxes.

The top 1% is only 1% of the population yet they’re paying the tax bill for 37% of the population.  Yeah, they have a large share of the wealth in the country but when they’re picking up 37% of the bill we should stop whining and say thank you.

The top 10% of income earners pay 70% of income taxes.  That ain’t fair.  Having 10% of the population paying the bill for 70% of the population.

Half of the people don’t even pay any income taxes.  That’s just not right.  Especially when those who don’t pay income taxes can vote to raise taxes on those who do.  Taking money that other people earn?  How is this not stealing?

The only way to take more money from the producers to give it to the non-producers is to bring back slavery.  I would hope that the Democrat Party is not in favor of that.  Then again, the Democrat Part is the party of slavery.  So who knows.

Just a quick history lesson here.  Abraham Lincoln was a Republican.  He and the Republican Party abolished slavery.  Freed the slaves from the Southern plantations.  That were owned by Southern Democrats.  These few, the planter elite, devastated the Southern states with 4 years of civil war.  To protect their little aristocracy.  So who knows what this ruling elite is capable of today.  To maintain their positions of privilege.  But I digress.

The 1% pays more income taxes than the 99%.  Especially when half of the 99% doesn’t even pay any taxes.  These protesters should know this.  And they probably would if they had gotten useful degrees.  The kind that are actually useful to an employer.

If these people want to bitch perhaps they should direct their bitching to the colleges that sold them these worthless degrees.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , ,

Comments are closed.

Blog Home