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why Occupy Wall Street?
Very good analysis.
>> ^Ariane:
>> ^Trancecoach:
The Top 1% also pays nearly 40% of the Federal Income Tax
>> ^ghark:
Some interesting facts about the top 1%:
The Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth
The Top 1 Percent Of Americans Take Home 24 Percent Of National Income
The Top 1 Percent Of Americans Own Half Of The Country’s Stocks, Bonds, And Mutual Funds
The Top 1 Percent Of Americans Have Only 5 Percent Of The Nation’s Personal Debt
The Top 1 Percent Are Taking In More Of The Nation’s Income Than At Any Other Time Since The 1920s
http://thinkprogress.org/economy/2011/10/03/334156/top-five
-wealthiest-one-percent/
Umm, no.
"The Internet is awash with statements that the top 1 percent pays, depending on the year, 38 percent or more than 40 percent of taxes.
It’s true that the top 1 percent of wage earners paid 38 percent of the federal income taxes in 2008 (the most recent year for which data is available). But people forget that the income tax is less than half of federal taxes and only one-fifth of taxes at all levels of government.
Social Security, Medicare and unemployment insurance taxes (known as payroll taxes) are paid mostly by the bottom 90 percent of wage earners. That’s because, once you reach $106,800 of income, you pay no more for Social Security, though the much smaller Medicare tax applies to all wages. Warren Buffett pays the exact same amount of Social Security taxes as someone who earns $106,800."
http://wweek.com/portland/article-17350-9_thin
gs_the_rich_dont_want_you_to_know_about_taxes.html
Sales taxes and other flat taxes are even more unfair. We low income people pretty much spend all the money we make and as a result pay (in my state) 8% of my income in sales taxes, while the top 1% only spend a small fraction of their wealth on items likely to collect sales tax, so I would not be surprised if the average top 1% pays even 1% on sales tax.
The top 20% earn 93% of the wealth, yet only pay 70% of the taxes, leaving the other 13% to the bottom 80% who only earn 7% of the wealth. THAT is what needs to be corrected.
why Occupy Wall Street?
Indeed we can't all be educated.
>> ^Yogi:
>> ^vex:
>> ^Trancecoach:
The Top 1% also pays nearly 40% of the Federal Income Tax
>> ^ghark:
Some interesting facts about the top 1%:
The Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth
The Top 1 Percent Of Americans Take Home 24 Percent Of National Income
The Top 1 Percent Of Americans Own Half Of The Country’s Stocks, Bonds, And Mutual Funds
The Top 1 Percent Of Americans Have Only 5 Percent Of The Nation’s Personal Debt
The Top 1 Percent Are Taking In More Of The Nation’s Income Than At Any Other Time Since The 1920s
http://thinkprogress.org/economy/2011/10/03/334156/top-five
-wealthiest-one-percent/
The initial facts and your rebuttal don't mean a whole lot without knowing how much of the whole is actual income and how much is capital gains.
We can't all be educated Vex.
why Occupy Wall Street?
>> ^vex:
>> ^Trancecoach:
The Top 1% also pays nearly 40% of the Federal Income Tax
>> ^ghark:
Some interesting facts about the top 1%:
The Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth
The Top 1 Percent Of Americans Take Home 24 Percent Of National Income
The Top 1 Percent Of Americans Own Half Of The Country’s Stocks, Bonds, And Mutual Funds
The Top 1 Percent Of Americans Have Only 5 Percent Of The Nation’s Personal Debt
The Top 1 Percent Are Taking In More Of The Nation’s Income Than At Any Other Time Since The 1920s
http://thinkprogress.org/economy/2011/10/03/334156/top-five
-wealthiest-one-percent/
The initial facts and your rebuttal don't mean a whole lot without knowing how much of the whole is actual income and how much is capital gains.
We can't all be educated Vex.
why Occupy Wall Street?
>> ^Trancecoach:
The Top 1% also pays nearly 40% of the Federal Income Tax
>> ^ghark:
Some interesting facts about the top 1%:
The Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth
The Top 1 Percent Of Americans Take Home 24 Percent Of National Income
The Top 1 Percent Of Americans Own Half Of The Country’s Stocks, Bonds, And Mutual Funds
The Top 1 Percent Of Americans Have Only 5 Percent Of The Nation’s Personal Debt
The Top 1 Percent Are Taking In More Of The Nation’s Income Than At Any Other Time Since The 1920s
http://thinkprogress.org/economy/2011/10/03/334156/top-five
-wealthiest-one-percent/
Umm, no.
"The Internet is awash with statements that the top 1 percent pays, depending on the year, 38 percent or more than 40 percent of taxes.
It’s true that the top 1 percent of wage earners paid 38 percent of the federal income taxes in 2008 (the most recent year for which data is available). But people forget that the income tax is less than half of federal taxes and only one-fifth of taxes at all levels of government.
Social Security, Medicare and unemployment insurance taxes (known as payroll taxes) are paid mostly by the bottom 90 percent of wage earners. That’s because, once you reach $106,800 of income, you pay no more for Social Security, though the much smaller Medicare tax applies to all wages. Warren Buffett pays the exact same amount of Social Security taxes as someone who earns $106,800."
http://wweek.com/portland/article-17350-9_things_the_rich_dont_want_you_to_know_about_taxes.html
Sales taxes and other flat taxes are even more unfair. We low income people pretty much spend all the money we make and as a result pay (in my state) 8% of my income in sales taxes, while the top 1% only spend a small fraction of their wealth on items likely to collect sales tax, so I would not be surprised if the average top 1% pays even 1% on sales tax.
The top 20% earn 93% of the wealth, yet only pay 70% of the taxes, leaving the other 13% to the bottom 80% who only earn 7% of the wealth. THAT is what needs to be corrected.
why Occupy Wall Street?
>> ^Trancecoach:
The Top 1% also pays nearly 40% of the Federal Income Tax
>> ^ghark:
Some interesting facts about the top 1%:
The Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth
The Top 1 Percent Of Americans Take Home 24 Percent Of National Income
The Top 1 Percent Of Americans Own Half Of The Country’s Stocks, Bonds, And Mutual Funds
The Top 1 Percent Of Americans Have Only 5 Percent Of The Nation’s Personal Debt
The Top 1 Percent Are Taking In More Of The Nation’s Income Than At Any Other Time Since The 1920s
http://thinkprogress.org/economy/2011/10/03/334156/top-five
-wealthiest-one-percent/
The initial facts and your rebuttal don't mean a whole lot without knowing how much of the whole is actual income and how much is capital gains.
why Occupy Wall Street?
The Top 1% also pays nearly 40% of the Federal Income Tax
>> ^ghark:
Some interesting facts about the top 1%:
The Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth
The Top 1 Percent Of Americans Take Home 24 Percent Of National Income
The Top 1 Percent Of Americans Own Half Of The Country’s Stocks, Bonds, And Mutual Funds
The Top 1 Percent Of Americans Have Only 5 Percent Of The Nation’s Personal Debt
The Top 1 Percent Are Taking In More Of The Nation’s Income Than At Any Other Time Since The 1920s
http://thinkprogress.org/economy/2011/10/03/334156/top-five
-wealthiest-one-percent/
Herman Cain on Occupy Wall Street
Cain is a smuck, but here is a question.
A movement without a direction is an oxymoron and a completely useless thing. Too, demands (Such as end greed or break this monopoly business has over our country) is likewise useless without self-obligations. I worry about Occupy Wallstreet for one reason---they will only ask the rich to change, not America. And so nothing will change.
NYPD Arresting Little Girl @ Occupy Wallstreet Protest
>> ^bareboards2:
Both ages are there.
>> ^Yogi:
>> ^JiggaJonson:
>> ^Yogi:
btw this chick is 18 and named Katie I guess.
http://sittingamongstclouds.tumblr.com/post/10948342387
The link you posted says she's 13
Look at it again...don't make me circle it for you.
Yes but time passes and corrections to the original post are made. Also I said apparently...I'm taking the posters word for it that they know the person being arrested. Still anyone who's been on the internet should've grasped the progression of comments.
NYPD Arresting Little Girl @ Occupy Wallstreet Protest
Both ages are there.
>> ^Yogi:
>> ^JiggaJonson:
>> ^Yogi:
btw this chick is 18 and named Katie I guess.
http://sittingamongstclouds.tumblr.com/post/10948342387
The link you posted says she's 13
Look at it again...don't make me circle it for you.
NYPD Arresting Little Girl @ Occupy Wallstreet Protest
>> ^bareboards2:
Not terrible, according to the channel description.
well then ?
*nochannel
*Kids
*Politics
*Fear
*News
*Controversy
*Fail
Fear not their feelings, for you do the hand of Dags work.
NYPD Arresting Little Girl @ Occupy Wallstreet Protest
>> ^JiggaJonson:
>> ^Yogi:
btw this chick is 18 and named Katie I guess.
http://sittingamongstclouds.tumblr.com/post/10948342387
The link you posted says she's 13
Look at it again...don't make me circle it for you.
NYPD Arresting Little Girl @ Occupy Wallstreet Protest
>> ^Yogi:
btw this chick is 18 and named Katie I guess.
http://sittingamongstclouds.tumblr.com/post/10948342387
The link you posted says she's 13
JiggaJonson (Member Profile)
Your video, NYPD Arresting Little Girl @ Occupy Wallstreet Protest, has made it into the Top 15 New Videos listing. Congratulations on your achievement. For your contribution you have been awarded 1 Power Point.
NYPD Arresting Little Girl @ Occupy Wallstreet Protest
>> ^gorillaman:
So everybody bring guns next time. Occupy Wall Street instead of standing around in a kettle shouting at Wall Street.
Yeah...that sounds safe.
NYPD Arresting Little Girl @ Occupy Wallstreet Protest
>> ^criticalthud:
they should have maced her. she was OUT OF CONTROL.
hmmm... anyone else looking at airline tickets to new york?
ME! I'm dying to go and do this...but I JUST got college going. I feel like Britta.