Ponderable
- Thread starter Bruddah IZ
- Start date
And not ask Breitbart?
Sheriff Joe
DA
Want me to have Ricky read it for you?
It's a big deal if you want to be correct.
...."but would probably agree with her insofar as at the end of the day Israel is a country the US created".
Then the surrounding countries tried to wipe them off the map....The original partition of Palestine, as approved by the UN General Assembly in 1948 --
The surrounding countries then got their asses handed to them....
And here we are in 2019....
Hüsker Dü
DA
Is he the designated reader for you people?
Sheriff Joe
DA
https://www.wsj.com/articles/top-20-of-earners-pay-84-of-income-tax-1428674384
Top 20% of Earners Pay 84% of Income Tax
And the bottom 20%? They get paid by Uncle Sam. We compare tax burdens as Tax Day approaches.
April 10, 2015 9:59 a.m. ET
Who pays what in income taxes? With April 15 just around the corner, filers may be curious about where they fit into the system as a whole.
The individual income tax remains the most important levy in the U.S., providing nearly half of federal revenue. This is unusual: On average, developed nations get only one-third of their revenue from income taxes. Typically they also impose national consumption taxes, such as a value-added tax, that raise as much revenue as their income tax.
The pressure on the U.S. income tax has prompted lawmakers on both sides of the aisle to seriously consider a national consumption tax. But liberals worry that such a levy could unduly burden the poor, while conservatives fear it would be too easy to dial up the rate and collect more revenue.
As a result, experts say, there is little chance of tax overhaul this year.
Meanwhile, these two tables offer a snapshot of who is paying what for the 2014 tax year.
The first gives shares of income and federal income taxes for 2014 for some 325 million Americans, dividing the population into five income quintiles of about 65 million people each.
The second table provides further information about the top 20%, who pay more than 80% of income taxes.
The data come from estimates by the nonpartisan Tax Policy Center, a Washington-based research group, as Internal Revenue Service data for 2014 won’t be available for at least two years. Unlike IRS data, it includes information about nonfilers—both people who didn’t need to file and people who should have filed but didn’t. The total also includes Americans living overseas and others, which is why it is greater than the U.S. Census estimate of 319 million.
Another important difference: The income cited in the tables includes untaxed amounts for employer-provided health coverage, tax-exempt interest and retirement-plan contributions and growth, among other things. This can be significant.
On average, such benefits double the income of people in the bottom quintile and add more than 25% to the income of people in the top quintile, says Roberton Williams, an income-tax specialist at the Tax Policy Center. That means a taxpayer whose stated pay is $130,000 might be reaping another $35,000 annually in untaxed income.
“Most people focus on the income they see in their paychecks or portfolios and forget about untaxed benefits they receive,” Mr. Williams says.
The tables show just how progressive the income tax is. The three million people in the top 1% of earners pay nearly half the income tax.
Why is the share of income taxes negative for 40% of Americans? In recent decades Congress has chosen to funnel important benefits for lower-income earners through the income tax rather than other channels. Some of these benefits, such as the Earned Income Tax Credit and the American Opportunity Credit for education, make cash payments to people who don’t owe income tax.
People receiving such payments do pay other federal taxes, of course, such as those for Social Security and Medicare. If these taxes are included, the share of federal taxes paid by the lowest two quintiles turns positive.
The share of tax paid by the top 20% of Americans also changes when such social-insurance levies are included: It drops from more than 80% of income taxes to about 67% of all federal taxes
Top 20% of Earners Pay 84% of Income Tax
And the bottom 20%? They get paid by Uncle Sam. We compare tax burdens as Tax Day approaches.
April 10, 2015 9:59 a.m. ET
Who pays what in income taxes? With April 15 just around the corner, filers may be curious about where they fit into the system as a whole.
The individual income tax remains the most important levy in the U.S., providing nearly half of federal revenue. This is unusual: On average, developed nations get only one-third of their revenue from income taxes. Typically they also impose national consumption taxes, such as a value-added tax, that raise as much revenue as their income tax.
The pressure on the U.S. income tax has prompted lawmakers on both sides of the aisle to seriously consider a national consumption tax. But liberals worry that such a levy could unduly burden the poor, while conservatives fear it would be too easy to dial up the rate and collect more revenue.
As a result, experts say, there is little chance of tax overhaul this year.
Meanwhile, these two tables offer a snapshot of who is paying what for the 2014 tax year.
The first gives shares of income and federal income taxes for 2014 for some 325 million Americans, dividing the population into five income quintiles of about 65 million people each.
The second table provides further information about the top 20%, who pay more than 80% of income taxes.
The data come from estimates by the nonpartisan Tax Policy Center, a Washington-based research group, as Internal Revenue Service data for 2014 won’t be available for at least two years. Unlike IRS data, it includes information about nonfilers—both people who didn’t need to file and people who should have filed but didn’t. The total also includes Americans living overseas and others, which is why it is greater than the U.S. Census estimate of 319 million.
Another important difference: The income cited in the tables includes untaxed amounts for employer-provided health coverage, tax-exempt interest and retirement-plan contributions and growth, among other things. This can be significant.
On average, such benefits double the income of people in the bottom quintile and add more than 25% to the income of people in the top quintile, says Roberton Williams, an income-tax specialist at the Tax Policy Center. That means a taxpayer whose stated pay is $130,000 might be reaping another $35,000 annually in untaxed income.
“Most people focus on the income they see in their paychecks or portfolios and forget about untaxed benefits they receive,” Mr. Williams says.
The tables show just how progressive the income tax is. The three million people in the top 1% of earners pay nearly half the income tax.
Why is the share of income taxes negative for 40% of Americans? In recent decades Congress has chosen to funnel important benefits for lower-income earners through the income tax rather than other channels. Some of these benefits, such as the Earned Income Tax Credit and the American Opportunity Credit for education, make cash payments to people who don’t owe income tax.
People receiving such payments do pay other federal taxes, of course, such as those for Social Security and Medicare. If these taxes are included, the share of federal taxes paid by the lowest two quintiles turns positive.
The share of tax paid by the top 20% of Americans also changes when such social-insurance levies are included: It drops from more than 80% of income taxes to about 67% of all federal taxes
Sheriff Joe
DA
Yes, ricky is the literary expert, Iz handles the finances and I keep you dummies in line.
Not bad, amigo.
Not bad.
Actually, its you people I read for.
You're welcome.
Thanks Ricky....
Someone has to read to Daffy.
Sadly even when read to, Daffy has that pesky comprehension problem.
Hüsker Dü
DA
Poor baby, you are just so hurt.
Correct would be that without the largess of American taxpayers or Harry Truman there would be no modern state of Israel. You can talk about the League of Nations (which lasted something like 10 years?) or pretend the in 1947 bombed out and bankrupt Briton was in a position to create nations... but then you'd be fooling yourself.
And again, if Israel wants to be treated as a fellow western state, it must tow the line of following western values. Like England does. Like Japan does. Like South Korea does. Like Germany does. Like the US does. Like every nation in the west does. Not sure how this has gotten to be a so controversial an idea given that we supposedly hold ourselves to that system of values?
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This post is hysterical... although probably not for the reason Lion thinks.
Projecting problems flaring up once again...you poor pathetic fool.
Hysterical?
I didn't think it was hysterical when I posted it.....
You eating shrooms?
Facts are facts...read the Balfour Declaration from 1917....
During World War I, the Allies drove the Turks out of Ottoman Syria. In 1917, the British government announced its support for the establishment of a “national home for the Jewish people” in the 67-word statement know as the Balfour Declaration:
His Majesty’s government view with favour the establishment in Palestine of a national home for the Jewish people, and will use their best endeavours to facilitate the achievement of this object, it being clearly understood that nothing shall be done which may prejudice the civil and religious rights of existing non-Jewish communities in Palestine, or the rights and political status enjoyed by Jews in any other country.
After the war the British controlled the area of Palestine and was given a mandate by the League of Nations to administer the territory. Under British rule, the land was sometimes referred to as Mandatory Palestine.
Hüsker Dü
DA
Not sure how I did it but I certainly put a hook in you.
The Balfour Declaration? 1917? You know Israel itself says it was founded in 1948...
Fish on!