Income Distribution

[Franklin J]

I was reading some financial data(and some potential new taxes on the way), and found a stat that said if your household income is more than 118,200 your in the top 10%. Doesn't that seem a little low for the top 10% of the United States?

Im only bringing this up because when folks talk about raising taxes on the top 10%, top 5%, I dont think people know what that means...at least those idiot wall street occuuppy dummys dont



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[Evilmonkey]

Some of the rich must be good at hiding there income if thats the top 10%...

[sipperphx]

Originally Posted by Evilmonkey

Some of the rich must be good at hiding there income if thats the top 10%...

No, whether they hide their money or not, 90% of the earning population is still below $118K..

[DWRAT]

$118K is a lot of focking money.
I bet it's more then 97% on the Zone if not higher.

[jbv]

Originally Posted by Franklin J

I was reading some financial data(and some potential new taxes on the way), and found a stat that said if your household income is more than 118,200 your in the top 10%. Doesn't that seem a little low for the top 10% of the United States?

Im only bringing this up because when folks talk about raising taxes on the top 10%, top 5%, I dont think people know what that means...at least those idiot wall street occuuppy dummys dont

Interesting how the media has been able to twist the facts, eh?

For example, see the post immediately following yours.

Now, the top 10% income likely averages way more, but yes, the "bottom" number of the "10%" is about what I've heard too...

That is my fear about the "tax the rich" issue. One, data shows it won't balance the budget, and two, its fine and dandy until the definition of "rich" keeps getting lower and lower and affecting more and more.

[millsryno]

Sadly, statistically, that probably is the top 10%. Here is what the typical family looks like that would be in the top 10%:

Elementary School Teacher = $51,828*
Grocery Store Manager = $76,959*

Total Household income = $128,787

*Data taken from Salary.com

Is that what you think of when you think of the top 10% of household incomes? Yeah, let's tax them some more so we can give to the people who are less fortunate....GIVE ME A BREAK!

[millsryno]

Here is another family in the top 10%:

Aircraft mechanic = $75,449
Police Patrol Officer = $49,638

Total family income = $125,087

F**K 'em ....let's take away their money and give it to people who need it more.

[millsryno]

Court Reporter = $50,999
Production Supervisor III = $75,968

Household Income = $126,967

[jkole]

Originally Posted by Franklin J

I was reading some financial data(and some potential new taxes on the way), and found a stat that said if your household income is more than 118,200 your in the top 10%. Doesn't that seem a little low for the top 10% of the United States?

Im only bringing this up because when folks talk about raising taxes on the top 10%, top 5%, I dont think people know what that means...at least those idiot wall street occuuppy dummys dont

What folks are talking about raising taxes on the the top 10%?

[millsryno]

Originally Posted by jkole

What folks are talking about raising taxes on the the top 10%?

It starts with the top 1%, then goes to the top 5%, before you know it they are targetting the other "rich" folks...the top 10%.

Why should people who have made sound business decisions, taken risks, invested their money wisely, opened business which employ others have to pay more than anybody else?

[jkole]

Originally Posted by millsryno

It starts with the top 1%, then goes to the top 5%, before you know it they are targetting the other "rich" folks...the top 10%.

So we are just gossiping about what might be? We can take on all kinds of matters with that kind of thinking. Lets not do this, because this might happen.

Why should people who have made sound business decisions, taken risks, invested their money wisely, opened business which employ others have to pay more than anybody else?

I didn't say they should and currently they don't... Rich people pay far less percentage of taxes based off what was earned (grossed).

The income tax was set up as a tax for rich people only, why not go back to the way it was originally set up?

Why should rich people be able to create a (tax) system in which only they benefit...

[jbv]

Originally Posted by jkole

I didn't say they should and currently they don't... Rich people pay far less percentage of taxes based off what was earned (grossed).

The income tax was set up as a tax for rich people only, why not go back to the way it was originally set up?

Why should rich people be able to create a (tax) system in which only they benefit...

Define rich, and define what they should pay...

[jkole]

Originally Posted by jbv

Define rich, and define what they should pay...

Go ahead Mr Merriam...

[jbv]

Originally Posted by jkole

Go ahead Mr Merriam...

Typical response from you.

You sad tax only the rich, so I asked you to define rich and how much to tax. But as usual, you don't have an actual response...other than the rich are evil.

[jkole]

Originally Posted by jbv

Typical response from you.

You sad tax only the rich, so I asked you to define rich and how much to tax. But as usual, you don't have an actual response...other than the rich are evil.

A little butt hurt, so you have to make shit up...

Who the phuck cares, how I define the rich and what I think they should pay. This thread or my comments had nothing to do with the definition of rich, it clearly is about the top certain percentage and you were just jacking around a corner.

Damn you are a fool... where did I say the rich are evil?

Repeat... on the your a damned fool... where did I say only the rich should pay taxes.

Sometimes you are just a phucking idiot, just because I wasn't playing fair.

Keep pulling shit out...