On Sunday, November 3, 2013 7:12:51 AM UTC-5, jim wrote:







But that fact isn't very meaningful given

that income tax pays for so little of govt. In

the last few years income tax has paid for less

than 30% of the federal govt spending. That means the

total share of govt paid for by the top 1% is only 13%.

Meanwhile their share of income is 25%.


Wrong again. The total the rich pay is more than just the income tax they pay.

Dan

" fired this volley in
:

Wrong again. The total the rich pay is more than just the income tax
they pay.

Exactly. A poor man is at the bottom of the tax pyramid. His income
generates one tax stream, and often it's a negative stream, as he
consumes federal resources worth more than his contribution to them.


A rich man's income generates dozens of other taxable 'streams of money'
flowing into every corner of the economy.

Not only do the rich consume less share of federal resources than
represented by the taxes they pay personally, they also create taxable
incomes for many other businesses and individuals.

It's the 'economic multiplier' at work.

Lloyd

" wrote:

On Sunday, November 3, 2013 7:12:51 AM UTC-5, jim wrote:





But that fact isn't very meaningful given

that income tax pays for so little of govt. In

the last few years income tax has paid for less

than 30% of the federal govt spending. That means the

total share of govt paid for by the top 1% is only 13%.

Meanwhile their share of income is 25%.

Wrong again.

Those are facts. Give a source that says they are wrong.

"Lloyd E. Sponenburgh" wrote:

" fired this volley in
:

Wrong again. The total the rich pay is more than just the income tax
they pay.

Exactly. A poor man is at the bottom of the tax pyramid. His income
generates one tax stream, and often it's a negative stream, as he
consumes federal resources worth more than his contribution to them.

The same story is true of the rich man.



A rich man's income generates dozens of other taxable 'streams of money'
flowing into every corner of the economy.

The same story can be told of the poor people.



Not only do the rich consume less share of federal resources than
represented by the taxes they pay personally, they also create taxable
incomes for many other businesses and individuals.

If you cut the federal spending in half. The incomes
of the rich will fall by more than half.



It's the 'economic multiplier' at work.

That is correct.

The only difference between rich and poor is who controls
the story telling and propaganda apparatus

On Sun, 03 Nov 2013 07:05:05 -0600, "Lloyd E. Sponenburgh"
lloydspinsidemindspring.com wrote:

" fired this volley in
:

Wrong again. The total the rich pay is more than just the income tax
they pay.

Exactly. A poor man is at the bottom of the tax pyramid. His income
generates one tax stream, and often it's a negative stream, as he
consumes federal resources worth more than his contribution to them.


A rich man's income generates dozens of other taxable 'streams of money'
flowing into every corner of the economy.

I'd say "A rich man's income _can_ generate other taxable money
streams.", but many are invested external to the US economy.


Not only do the rich consume less share of federal resources than
represented by the taxes they pay personally, they also create taxable
incomes for many other businesses and individuals.

It's the 'economic multiplier' at work.

And that's a Good Thing.

--
The beauty of the 2nd Amendment is that it will not be needed
until they try to take it. --Thomas Jefferson

On Sunday, November 3, 2013 8:44:03 AM UTC-5, jim wrote:




Wrong again.



Those are facts. Give a source that says they are wrong.

I wrote "Wrong again. The total the rich pay is more than just the income tax they pay." How come you snip off most of what I wrote and then claim to be using facts. Do you not agree that the rich pay more than just income tax to the federal government?

Dan

" wrote:

On Sunday, November 3, 2013 8:44:03 AM UTC-5, jim wrote:



Wrong again.



Those are facts. Give a source that says they are wrong.

I wrote "Wrong again. The total the rich pay is more than just the income tax they pay."

That doesn't make this statement wrong:

The top 1% pay income tax that covers only 13% of
federal spending and yet they are given 25% of the income.

How come you snip off most of what I wrote and then claim to
be using facts.

Your statement "wrong again" was not correct.
You started with a false claim and
The rest was not relevant to that false claim.

Do you not agree that the rich pay more than just income
tax to the federal government?

Almost everyone pays a lot more than just income tax.
Taxes have a much greater impact on the poor than the rich.

Every wage earners income is taxed at 15% federal flat
payroll tax. If they make enough income then income tax
is added on top of that.

The average person with income in the top 1% are paying
around 15% in tax on their taxable income.
The top 1% are not paying anymore in taxes than the lowest
wage earners and they pay less than the middle income wage
earners.

On Sunday, November 3, 2013 6:45:22 PM UTC-5, jim wrote:


Your statement "wrong again" was not correct.


I am going to wait until you post six on topic posts before replying. Meanwhile I disagree with you.

Dan