Are the rich paying their fair share?

THOM, THOM!!!!

What if a 1%er is obese or a smoker, can they get operated on right away if they were vacationing in England???

Nothing has been proven. What percent of total US income was earned by those folks?

>>>>>45.5 percent of households will not pay federal income tax this year.

They can't afford it.

>>>>>>>The top 1 percent of income earners, those having an adjusted annual gross income of $480,930 or higher, pay about 39 percent of federal income taxes.

yet they “earn” 90% of the money

>>>But the fairness question goes further. The bottom 50 percent of income earners, those having an adjusted gross income of $39,275 or less, pay 2.83 percent of federal income taxes and spend their whole annual income with nothing to show for it after.  No homes. 

Why shouldn't the 1% be taxed at a highly disproportionate rate when not all citizens have been able to acquire "primary property rights" (i.e. food, clothes, shelter)?

Thom do you live in United Kingdom with all the UK fish wraps you post.

If a corporation doesn't have a profit sharing plan for all employees they are a for executive-greed Corporation.

Welcome to 1999

NO they are not paying their fair share! I don't give a crap about the above statistics because the statistic that makes me sick to my stomach is that the top 10% now have 77% of the overall wealth of our country, up from 30% to 40% of overall wealth in 1970.

Total bullshit = the rich get richer, the poor & middle class get poorer while people post shit like this wondering if the wealthiest pay too much! 

A friend of mine figured that the overall value of the wealth of our country is around $60 trillion. This included all wealth like real estate holdings, mineral rights etc. The esimate is from a few years back, so perhaps by now it would be closer to maybe $65 - $75 trillion.  

The top %1 could pay off the entire national debt - $20 trillion - and they would still have more wealth leftover than the rest of the country combined! 

Also, from how I figure it, the country is only responsible to pay the interest on the debt and not the principle....ever. We don't even have real money, it is a money substitute, a debt note! 

Won't someone please think of the wealthy!

“Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise. Whenever there is in any country, uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labour and live on. If, for the encouragement of industry we allow it to be appropriated, we must take care that other employment be furnished to those excluded from the appropriation. If we do not the fundamental right to labour the earth returns to the unemployed. It is too soon yet in our country to say that every man who cannot find employment but who can find uncultivated land, shall be at liberty to cultivate it, paying a moderate rent. But it is not too soon to provide by every possible means that as few as possible shall be without a little portion of land. The small landholders are the most precious part of a state.”

Thomas Jefferson

TAKE THE TIME TO READ THIS TO LEARN ABOUT THE FEDERAL RESERVE SYSTEM THAT WE ARE ALL SUBJECTS TO! 

https://archive.org/stream/pdfy-e91lgFZ1CSW9t87q/JamesTraficantJr.OhioBa...

The Bankruptcy of The United States United States Congressional Record. March 17, 1993 Vol. 33, page H-1303 Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:

"Mr. Speaker, we are here now in chapter 11.. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner's report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73 rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America.

This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: "The U.S. Secretary of Treasury receives no compensation for representing the United States?' Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be "money" in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or "currency." Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not "money." A Federal Reserve Note is a debt obligation of the federal United States government, not "money?' The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money, -gold and silver coin.

It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any "money." Most Americans have not been paid any "money" for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now, do you understand why you are "bankrupt," along with the rest of the country? Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency), when ever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs. Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay the debt to the Federal Reserve Bank. There is a fundamental difference between "paying" and "discharging" a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common law is valid unless it involves an exchange of "good & valuable consideration." Unpayable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity or justice because they have so much wealth already. Their lust is for power and control. Since the inception of central banking, they have controlled the fates of nations.

The Federal Reserve System is based on the Canon law and the principles of sovereignty protected in the Constitution and the Bill of Rights. In fact, the international bankers used a "Canon Law Trust" as their model, adding stock and naming it a "Joint Stock Trust." The U.S. Congress had passed a law making it illegal for any legal "person" to duplicate a "Joint Stock Trust" in 1873. The Federal Reserve Act was legislated post-facto (to 1870), although post-facto laws are strictly forbidden by the Constitution. [1 :9:3] The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operating exclusively under Admiralty/Maritime law. The lender or underwriter bears the risks, and the Maritime law compelling specific performance in paying the interest, or premiums are the same. Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it.) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principle.

Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) "Hypothecated" all property within the federal United States to the Board of Governors of the Federal Reserve, -in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a "beneficiary" of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their "subjects," the 14 th Amendment U.S. citizen, to the Federal Reserve System. In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit "money substitute" it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn't have any assets, they assigned the private property of their "economic slaves", the U.S. citizens as collateral against the unpayable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers. Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another.

This has been going on for over eighty years without the "informed knowledge" of the American people, without a voice protesting loud enough. Now it's easy to grasp why America is fundamentally bankrupt. Why don't more people own their properties outright? Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid? Why does it feel like you are working harder and harder and getting less and less? We are reaping what has been sown, and the results of our harvest is a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life.

Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this unpayable debt, and the tyranny to enforce paying it. America has become completely bankrupt in world leadership, financial credit and its reputation for courage, vision and human rights. This is an undeclared economic war, bankruptcy, and economic slavery of the most corrupt order! Wake up America! Take back your Country." Image : United States Congressional Record, March 17, 1993 Vol. 33, page H-l 303

LOVE & MISS YOU, RIP JIMBO! 

“Take back your country “

How many internet posts will it take?

Read it as many times as it takes for it to really sink in...we have all been hypothecated already to the property of The Federal Reserve.  

AND THE ENTIRE SYSTEM IS ILLEGAL PER OUR CONSTITUTION! 

https://www.newyorkfed.org/markets/primarydealers.html#primary-dealers

Primary Dealers - 23 of them

Bank of Nova Scotia, New York Agency

BMO Capital Markets Corp.

BNP Paribas Securities Corp.

Barclays Capital Inc.

Cantor Fitzgerald & Co.

Citigroup Global Markets Inc.

Credit Suisse Securities (USA) LLC

Daiwa Capital Markets America Inc.

Deutsche Bank Securities Inc.

Goldman Sachs & Co. LLC

HSBC Securities (USA) Inc.

Jefferies LLC

J.P. Morgan Securities LLC

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Mizuho Securities USA LLC

Morgan Stanley & Co. LLC

Nomura Securities International, Inc.

RBC Capital Markets, LLC

RBS Securities Inc.

Societe Generale, New York Branch

TD Securities (USA) LLC

UBS Securities LLC.

Wells Fargo Securities, LLC

Reminder: The fastest race horses are weighed down the most at the racetrack to make the race close, to help keep things even. Get it? 

The sheeple need more posts in order to get it.

I don't get what I'm supposed to do about it. 

you're supposed to clean the pool

such a fucking troll...

You're supposed to WAKE UP!!!, slacker.

In other news 38% of Americans now support naming Jerry Sandusky to be named as director of the Pop Warner football camps because Fox news told them it is part of making America great again. 

like a good little propagandist, Thom misled everybody right away.

His title asks about "fair share"...then jumps into taxes.

Implying "fair share" of "taxes".

Then he conveniently examines only one type of tax, the federal income tax, which generates less than 1/2 of federal taxes.

The Federal income tax is indeed progressive.

But,

He ignores payroll taxes, which are highly regressive (note to Thom, that means the rich pay much less than the poor, as a percentage of income).

He ignores  sales taxes, which are highly regressive.

He ignores excise taxes, gas taxes, customes duties (import fees), all of which are higly regressive..

He ignores all those little taxes built into every utility bill, highly regressive.

(He also ignores corporate taxes, which are probably fall equally on all owners of capital, meaning the tax rate for a middle class shareholder is the same as a rich shareholder...meaning the tax is flat on all shareholders, regardless of income...and might costy everybody else something too...according to the GOP, all of the corporate tax falls on consumers, but that is typical lying).

Thom, any opinion on how the overall tax burden is distrubuted across income levels?

Is it possible the wealthy  pay less tax (including all taxes) than their "fair"* share, when we compare ALL taxes to total income?

Is it possible the wealthy  pay less tax (including all taxes) than their "fair" share, when we compare ALL taxes to total wealth?