Get the truth!

The Media and the Politicans are not telling the whole story, or are only providing a portion of the truth, and in most cases whatever you hear is partially inaccurate or a distortion of facts to suit a particular purpose or message. My goal is to tell the truth and provide facts that complete the entire story.







Wednesday, November 2, 2011

Equality and Greed

Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1%
$343,927
36.73
Top 5%
$154,643
58.66
Top 10%
$112,124
70.47
Top 25%
$66,193
87.30
Top 50%
$32,396
97.75
Bottom 50%
<$32,396
2.25
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

When its all said and done, the occupy Wall street's movement for equality and the elimination of greed could be really good! If equality actually happens, then the fact that only 25% of the taxpayers pay 87% of all taxes will certainly change. Equality must include a fair share of taxes being paid by everyone. Not just the top 1% or 25%. And greed...well I consider it excessive when soo much of the tax burden is borne by such a small percentage of the population. And the very complainers apparently want more excessivness. They couldn't possibly think that attacking the 1% that pay 37% would result in that same 1% paying more taxes could they? If the attack is asking for equality, then there will no longer be a 1%. And all of the people that have all of this extra time to protest will soon be sharing more equally in the tax burden. Nice result!

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