Thursday, February 9, 2012

Lawrence O'Donnell Targets Asian Actress In Pete Hoekstra Political Ad


As usual you liberal folks hide truth behind political correctnes­s and unfounded indictment­s of racism. The point of this advertisem­ent was not the Asian girl but the fact that the Chinese economy is vibrant because of its' ability to grown at our expense. The fact is that when we have to finance our overspendi­ng as a government and pay the Chinese interest, or anyone else, because of our failure to act responsibl­y is ludicrous. For you to concentrat­e on the fact that the majority of English speaking folks in China speak brokenly is a simple deflection from reality.
Read the Article at HuffingtonPost

a Point about fair share

Below are some statistics regarding our current White House inhabitants mis-speak regarding fair share of taxes related to income. President O has consistently tried to incite a populous uprising against those who have elevated themselves and their economic worth. In any society there are those who have reached a place of economic status far above the most needy, regardless of idealogical belief systems of the government and the people. Our country is no different in that respect. Where the United States of America is different is in the upward mobility of economic status for the lower rungs of the economic ladder.


en.wikipedia.org/wiki/Income_tax_in_the_United_Stateshttp://
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

incomes reported by tax returns at the high end of the income spectrum fell from 2008 to 2009, as did their share of the nation's income and income taxes paid. In 2009, the top 1 percent of tax returns paid 36.7 percent of all federal individual income taxes and earned 16.9 percent of adjusted gross income (AGI), compared to 2008 when those figures were 38.0 percent and 20.0 percent, respectively. Both of those figures-share of income and share of taxes paid-were their lowest since 2003 when the top 1 percent earned 16.7 percent of adjusted gross income and paid 34.3 percent of federal individual income taxes
The top-earning 5 percent of taxpayers (AGI equal to or greater than $154,643), however, still paid far more than the bottom 95 percent. The top 5 percent earned 31.7 percent of the nation's adjusted gross income, but paid approximately 58.7 percent of federal individual income taxes.

[Note: This very top income group actually has a lower average effective income tax rate than the rest of the top 1 percent of returns because these extremely high-income returns are more likely to have income from capital gains and dividends, which are typically taxed at lower rates. It's worth pointing out that in the case of capital gains and dividends, income derived from these sources has already been taxed once by the corporate income tax, which is not included here, meaning the average effective tax rate numbers can be somewhat misleading.]

The source for the following charts is the Internal Revenue Service, http://www.irs.gov/taxstats/indtaxstats/article/0,,id=133521,00.html ("Individual Income Tax Returns with Positive Adjusted Gross Income (AGI) Returns Classified by Tax Percentile - Early Release").
Summary of Federal Income Tax Data, 2009
Number of Returns with Positive AGI
AGI ($ millions)
Income Taxes Paid ($ millions)
Group's Share of Total AGI
Group's Share of Income Taxes
Income Split Point
Average Tax Rate
All Taxpayers
137,982,203
$7,825,389
$865,863
100.0%
100.0%
-
11.06%
Top 1%
1,379,822
$1,324,572
$318,043
16.9%
36.7%
$343,927.00
24.01%
1-5%
5,519,288
$1,157,918
$189,864
14.8%
22.0%
16.40%
Top 5%
6,899,110
$2,482,490
$507,907
31.7%
58.7%
$154,643.00
20.46%
5-10%
6,899,110
$897,241
$102,249
11.5%
11.8%
11.40%
Top 10%
13,798,220
$3,379,731
$610,156
43.2%
70.5%
$112,124.00
18.05%
10-25%
20,697,331
$1,770,140
$145,747
22.6%
17.0%
8.23%
Top 25%
34,495,551
$5,149,871
$755,903
65.8%
87.3%
$ 66,193.00
14.68%
25-50%
34,495,551
$1,620,303
$90,449
20.7%
11.0%
5.58%
Top 50%
68,991,102
$6,770,174
$846,352
86.5%
97.7%
> $32,396
12.50%
Bottom 50%
68,991,102
$1,055,215
$19,511
13.5%
2.3%
< $32,396
1.85%


Source: Internal Revenue ServiceIncome tax after credits (the tax measure above) does not account for the refundable portion of EITC. If it were included (as is often the case with other organizations), the tax share of the top income groups would be higher. The refundable portion is legally classified as a spending program by the Office of Management and Budget and therefore is not included by the IRS in these figures

AGI is a fairly narrow income concept, and does not include income items like government transfers (except for the portion of Social Security benefits that is taxed), the value of employer-provided health insurance, underreported or unreported income (most notably that of sole proprietors), income derived from municipal bond interest, net imputed rental income, worker's compensation benefits and others.

Tuesday, February 7, 2012

Many Are Like Romney -- 'Not Concerned' About Very Poor


You are just as ignorant as Jesse if you believe what you jsut said. It's one thing for a guy like Jackson who needs to keep anger alive to justify his waste of oxygen but quite another for a nobody like you not to be honest
About Mitt Romney 2012
Read the Article at HuffingtonPost

Many Are Like Romney -- 'Not Concerned' About Very Poor


What the least of us have is OPPORTUNIT­Y. Are you aware of the fact that at least 40% of the lowest 20% of our society will move up in income? Our society should not be condemned because of the affluency of some.
About Mitt Romney 2012
Read the Article at HuffingtonPost

Lawrence O'Donnell Targets Asian Actress In Pete Hoekstra Political Ad


Mocking the broken english is just something you guys can use for your mis-speak and lack of ability to accept truth. Political correctnes­s will be the downfall of our society. When you can no longer believe anyone there is nothing.
About Super Bowl Commercials
Read the Article at HuffingtonPost

Lawrence O'Donnell Targets Asian Actress In Pete Hoekstra Political Ad


Wishing it so does not make it so. His point has veracity.
About Super Bowl Commercials
Read the Article at HuffingtonPost

Lawrence O'Donnell Targets Asian Actress In Pete Hoekstra Political Ad


R U Nuts? You do your lemming followers no service by spouting ignorance. Do some actual research instead of regurgitat­ing partyspeak­.
About Super Bowl Commercials
Read the Article at HuffingtonPost