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The United States is more dependent on its rich to pay taxes thaneven many of the more socialized economies of Europe (even Sweden)
The United States is more dependent on its rich to pay taxes than even many of the more socialized economies of Europe. According to the Tax Foundation, the United States gets 45 percent of its total taxes from the top 10 percent of tax filers, whereas the international average in industrialized nations is 32 percent. America’s rich carry a larger share of the tax burden than do the rich in Belgium (25 percent), Germany (31 percent), France (28 percent), and even Sweden (27 percent). This conclusion is inconsistent with the liberal mantra that top earners in the U.S. are not paying their "fair share" in taxes. "A lie told often enough becomes truth" Vladimir Lenin quotes (Russian Founder of the Russian Communist http://taxfoundation.org/blog/no-cou...s-much-usParty) |
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The United States is more dependent on its rich to pay taxes thaneven many of the more socialized economies of Europe (even Sweden)
On Jan 31, 11:43Â*am, ПЈО'Донован wrote:
The United States is more dependent on its rich to pay taxes than even many of the more socialized economies of Europe. According to the Tax Foundation, the United States gets 45 percent of its total taxes from the top 10 percent of tax filers, whereas the international average in industrialized nations is 32 percent. America’s rich carry a larger share of the tax burden than do the rich in Belgium (25 percent), Germany (31 percent), France (28 percent), and even Sweden (27 percent). This conclusion is inconsistent with the liberal mantra that top earners in the U.S. are not paying their "fair share" in taxes. "A lie told often enough becomes truth" Vladimir Lenin quotes (Russian Founder of the Russian Communist http://taxfoundation.org/blog/no-cou...come-household...) of course you are lying with statistics again. tens of millions of people have removed from the tax rolls due to "CONSERVATIVE" economics, it will skew upwards the percentage that the remaining pay into federal taxation. we have seen this before. in the end we collapsed because almost all wealth and power ends up in the hands of a few under "CONSERVATIVE" economics. funny how you quote lenin, a known "CONSERVATIVE". http://www.aliveness.com/kangaroo/Timeline.htm TIMELINES OF THE GREAT DEPRESSION: 

This page features two timelines: the first for general events of the Roaring 20s and the Great Depression, the second for leading economic indicators.

The importance of these timelines cannot be emphasized enough. Seeing the order in which events actually occurred dispels many myths about the Great Depression. One of the greatest of these myths is that government intervention was responsible for its onset. Truly massive intervention began only under the presidency of Franklin Roosevelt in 1933, who was sworn in after the worst had already hit. Although his New Deal did not cure it, all the leading economic indicators improved on his watch. 

But don't take my word for it -- here is the raw data: 

TIMELINE OF GENERAL EVENTS 

1920s (Decade) • During World War I, federal spending grows three times larger than tax collections. When the government cuts back spending to balance the budget in 1920, a severe recession results. However, the war economy invested heavily in the manufacturing sector, and the next decade will see an explosion of productivity... although only for certain sectors of the economy. • An average of 600 banks fail each year. • Agricultural, energy and coal mining sectors are continually depressed. Textiles, shoes, shipbuilding and railroads continually decline. • The value of farmland falls 30 to 40 percent between 1920 and 1929. • Organized labor declines throughout the decade. The United Mine Workers Union will see its membership fall from 500,000 in 1920 to 75,000 in 1928. The American Federation of Labor would fall from 5.1 million in 1920 to 3.4 million in 1929. • "Technological unemployment" enters the nation's vocabulary; as many as 200,000 workers a year are replaced by automatic or semi- automatic machinery. • Over the decade, about 1,200 mergers will swallow up more than 6,000 previously independent companies; by 1929, only 200 corporations will control over half of all American industry. • By the end of the decade, the bottom 80 percent of all income- earners will be removed from the tax rolls completely. Taxes on the rich will fall throughout the decade. • By 1929, the richest 1 percent will own 40 percent of the nation's wealth. The bottom 93 percent will have experienced a 4 percent drop in real disposable per-capita income between 1923 and 1929. • The middle class comprises only 15 to 20 percent of all Americans. • Individual worker productivity rises an astonishing 43 percent from 1919 to 1929. But the rewards are being funneled to the top: the number of people reporting half-million dollar incomes grows from 156 to 1,489 between 1920 and 1929, a phenomenal rise compared to other decades. But that is still less than 1 percent of all income-earners. |
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