Official IRS Data show that the top 1% of income earners paid 40% of all fed income taxes

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IggyStooge
Number 780
Conspirator for: 13 years 2 weeks
Posted on: August 2, 2011 - 3:19pm

They paid 40% of all federal income taxes last year. 

The top 25% paid 85%.

(The bottom 20% of earners paid no income taxes. They got subsidies through the EIT).

http://blogs.forbes.com/peterferrara/2011/07/28/president-obama-is-no-longer-tethered-to-reality/

and

http://www.ntu.org/tax-basics/who-pays-income-taxes.html

Meanwhile, corporate taxes are the highest in the industrialized world at 40%. (Not that I approve of the government-created things called corporations) Communist china has a rate of 25%.

Sooo, those rich are really getting away with economic parasitism aren't they? What's up with collectivists still lying about the data?

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LysanderSpooner
Number 234
Conspirator for: 16 years 15 weeks
Posted on: August 2, 2011 - 5:54pm #1

What about Social Security taxes?  They are an income tax, too.  What about inflation?  That falls mainly on the poor.

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Relinquish liberty for the purposes of defense in an emergency?
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static_free
Number 821
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Conspirator for: 12 years 7 weeks
Posted on: August 17, 2012 - 7:17pm #2

And then they go and do stuff like this with it. Check out this asshole. He get's 20M of gubmint money to open a Porche/Jaguar/Land Rover dealership in the Ukrain. His claim to fame? He's butt buddies with the VP and a cash cow for the dems.

On what planet is this use of taxpayer funds in our best interest? How does this benefit the nation?

The story is posted here:
http://dailycaller.com/2012/08/17/bidens-good-friend-donor-receives-20m-federal-loan/

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static free

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