RTF Income Distribution Poll GDG....

[Marvin S]

You remind me of a child

Is it that difficult to refrain from being personal?

[K G]

Is it that difficult to refrain from being personal?

By all indications, Bruce doesn't own a mirror, Marvin.

kg

[T. Mac]

The US Census Bureau has an interesting website for comparing stats from area to area. Just be careful that the time frames are comparable.

http://quickfacts.census.gov/qfd/index.html

T. Mac

[Brevard Arndt]

I'm not sure. I am retired, I have SS and a Directors retainer, for sure. Two months ago I could have predicted my interest and dividend income, but now.............?

I do know it will sure be a damn sight less than before I retired.

[Captain Mike D]

Like the chickens that would vote for 'Kernel' Sanders, I'm betting that august crowd of Cubans are voting for Obama...getting their lead from all the Jews in America. The break-out of the various ethnic groups, and how they voted will be the most interesting part of this election.
UB

Do not think the Cuban community will be voting for Obama. As a people, they have a deep respect and value for the freedom that was gained by reaching Florida.
I'll post up which way Dade Co. went.

Palm Beach Co. should be a fair indicator of the overall Jewish vote.

[K G]

We are not electing a dictator. There will still be a 2 party system with checks and balances and plenty of public information. I am guessing you will see a bi-partisan cabinet. A lot of issues have been forced in this perfect storm.....

Gosh....I feel better already. It'll be a "perfect storm" alright: the House, the Senate, and the President, all of one party. If the Senate hits 60 democrats, they can stop the filibuster. "Checks and balances" my hiney..........

"Plenty" of public information? That remains to be seen. It'll be interesting to watch how an Obama presidency will be treated by the mass media. Don't expect them to show all the warts....

kg

[Hew]

i must be locked in a basement somewhere; i'm almost 56 years old and have never met anyone who didn't pay taxes. over 50%, you say? are you counting people too young or old to work? if so, that might explain it, but i would have to call it misleading, as well.

my first job was summer work on a tobacco farm at age 13. i made $1.05/hr. i filed that year and had it mostly refunded, but i still paid taxes.-Paul

Don't confuse FICA deductions with taxed income. Two distinct animals.

The top 1% of wage earners pay 40% of all income tax
The top 5% account for 60% of all income tax revenue
The top 10% account for 70%
The top 25% pay 86% of all income tax
The top 50% of wage earners account for 97% of all income tax revenue
The bottom 50% of wage earners pay 3% of all income tax revenue

So yes, a little hyperbole...50% of the country doesn't pay zero taxes; they pay three percent. THREE PERCENT. 38% of the country pays literally no income tax and an obscene chunk of those receive money back that they never paid in the first place.

[Uncle Bill]

KG wrote, "If the Senate hits 60 democrats, they can stop the filibuster. "Checks and balances" my hiney..........


The Dems won't need 60, KG...The Republicans still have the likes of Olympia, and the others in the NE USA. We can pretty much expect them to cross over on a whim, especially if it's a 'touchy-feely' bill, like health care, troop removal, and anything to do with class envy.

Now, to answer the question posed by the leftie wondering who will the have-nots be coming after, since the haves will have moved on. THEY WILL BE COMING AFTER YOU, BRUCE! KEEP YOUR POWDER DRY.

Just because you voted with them, doesn't make you one of them...you are a 'have' in their eyes.

I'm still anxious to see the economy grow from the bottom up, and all those jobs the have-nots will be creating.

UB

[Buzz]

So yes, a little hyperbole...50% of the country doesn't pay zero taxes; they pay three percent. THREE PERCENT. 38% of the country pays literally no income tax and an obscene chunk of those receive money back that they never paid in the first place.

I keep hearing about this. Are you guys referring to the earned income tax credit? The one passed by Nixon and expanded by Reagan?

"In 1986, the EITC was a critical reason why President Reagan
could proclaim that the Tax Reform Act took millions of working poor off the income tax rolls."

It is good to know that Reagan was a lefty.

[Buzz]

I'm still anxious to see the economy grow from the bottom up, and all those jobs the have-nots will be creating.

UB

Are you familiar with US history between WWII and the 1980's?