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Top 1% (very interesting)

Posted by Anonymous   + Show Post

Thought some might find this interesting.

A different way to express the wealth inequality in America today.

http://www.youtube.com/watch?v=QPKKQnijnsM&feature=player_embedded

I was shocked; AND I'M A CONSERVATIVE!!!

Posted by Anonymous on Apr. 9, 2013 at 3:41 PM
Replies (31-40):
Anonymous
by Anonymous 2 on Apr. 10, 2013 at 2:07 PM
I said total income taxes, not just federal.


Quoting marchantmom06:

Did you read what you posted? Or do you know what AVERAGE means? They take the top earners of 27 million dollars annually and the bottome earners of the one percent and average it out. 717,000 is not what one needs to earn to be considered 1%.





understanding exactly what that figure means. The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000




Quoting PinkButterfly66:

Nope, $250,000, does not qualify as the top 1%, nationally -- maybe locally depending on the state where you live.

http://www.nytimes.com/interactive/2011/10/30/nyregion/where-the-one-percent-fit-in-the-hierarchy-of-income.html?_r=0

http://www.forbes.com/sites/moneywisewomen/2012/03/21/average-america-vs-the-one-percent/

"Before you can talk about the 1 percent, it’s important to put the figures into perspective by understanding exactly what that figure means. The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000. The real disparity between the classes isn’t in income, however, but in net value: The 1 percent are worth about $8.4 million, or 70 times the worth of the lower classes."

"The 1 percent are executives, doctors, lawyers and politicians, among other things. Within this group of people is an even smaller and wealthier subset of people, 1 percent of the top, or .01 percent of the entire nation. Those people have incomes of over $27 million, or roughly 540 times the national average income. Altogether, the top 1 percent control 43 percent of the wealth in the nation; the next 4 percent control an additional 29 percent."

Pretty eye opening, huh?
Quoting Anonymous:

I read on websites $250,000 and higher. You can say what you want. We have a friend who makes more than a million a year and busts his butt working. It is people like you who do not really know. Yes, some do not work. Many do.








Quoting PinkButterfly66:

The top one percent is defined as having a minimum income of $516,633 in 2010, there are higher incomes than that and they life a different lifestyle and actually do "all the crap mentioned".  They don't work 7 days a week and do live the life of leisure.  Comments?

Quoting Anonymous:

Dh works his ass off and we are in the top 1% and yes we pay 45%. Trying to tell you that you do not know what you are talking about. You need to research more. Dh does not golf ever. Works 7 days a week. Does not work for himself and does not attend all the crap you mentioned.











Quoting Anonymous:

 You pay 45% of your income to the government....





AND YOU'RE DEFENDING THE TOP 1%????





One of us missed something.










Quoting Anonymous:

We pay 45% in total taxes. I'll just leave it at that. Always owe at tax time.






Quoting Anonymous:





 Apparently, I was unclear.  What I was getting at was looking at the top 1%, not the top 25% or who pays the most taxes.






Are you in the top 1%?












Quoting Anonymous:

Who cares how the top 25% pays taxes. They pay nearly all the taxes.







Quoting Anonymous:






 I have done research.  The top 25% may pay 85% of taxes, but how does that break down according to percentage of wealth and how does that breakdown look over the entire top 25%?  So the point I mentioned is above the 25% mark, so what?














Quoting Anonymous:

Do research. The top 25% pays 85% of taxes.








Quoting Anonymous:







 1. Yeah, that's a nice thing to say, but I've been working my butt off all my life (as has my DH) and we're no better off than when we started, in fact, we're not even that well off anymore.








2. Who pays the most taxes is NOT the top 1%.  There's a point at which the top X% are paying less than the tens of percentages below them.








3. As I said, I'm a conservative.  I don't agree with stealing from Peter to pay Paul either.
The market isn't free to regulate itself, therefore the rich keep getting richer and the rest just keep getting poorer.  The government has bound up the market in just enough laws and regulations to make it impossible for anyone to GET to the "top".
















Quoting Anonymous:

Then get off your ass and become the top. Who pays the most taxes because the bottom 50% don't pay shit and many take and don't give dime. I hate the steal from Peter to pay Paul.


































































PinkButterfly66
by on Apr. 10, 2013 at 2:10 PM

You do realize that during the 50's (considered an economical boom time) the federal tax rate topped out at 91%?  It's not about being less worthy, it is about having money for infrastructure, education, making colleges affordable, for instance.  It's about having the federal dollars available to do things like have affordable health care for everyone, affordable college educations so graduates aren't saddled with $100K in education loans, local public schools having the funds to pay teachers a good wage to keep good teachers and to have the money for the arts and all the other programs that we parents want our kids to have, building new schools in overcrowded districts.  It's about having the federal dollars to fund alternative sources of energy so we can break our dependence on fossil fuels once and for all.  It's about having the federal funds to invest in research to find cures for diseases like parkinsons, alzheimers and cancer.  It's about having the federal dollars to update our road ways, our aging sewer systems, our aging bridges.  


Quoting Anonymous:

Doesn't make them less worthy??? Like they should all have their salary cut?? No. A person with a GED or droppped out of HS is not gonna make what a doctor makes who went to college for 10 years. A person with a degree makes over a lifetime a million more than someone with a hs diploma.


Quoting PinkButterfly66:

Nope, $250,000, does not qualify as the top 1%, nationally -- maybe locally depending on the state where you live.

http://www.nytimes.com/interactive/2011/10/30/nyregion/where-the-one-percent-fit-in-the-hierarchy-of-income.html?_r=0

http://www.forbes.com/sites/moneywisewomen/2012/03/21/average-america-vs-the-one-percent/

"Before you can talk about the 1 percent, it’s important to put the figures into perspective by understanding exactly what that figure means. The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000. The real disparity between the classes isn’t in income, however, but in net value: The 1 percent are worth about $8.4 million, or 70 times the worth of the lower classes."


"The 1 percent are executives, doctors, lawyers and politicians, among other things. Within this group of people is an even smaller and wealthier subset of people, 1 percent of the top, or .01 percent of the entire nation. Those people have incomes of over $27 million, or roughly 540 times the national average income. Altogether, the top 1 percent control 43 percent of the wealth in the nation; the next 4 percent control an additional 29 percent."

Pretty eye opening, huh?
Quoting Anonymous:

I read on websites $250,000 and higher. You can say what you want. We have a friend who makes more than a million a year and busts his butt working. It is people like you who do not really know. Yes, some do not work. Many do.





Quoting PinkButterfly66:

The top one percent is defined as having a minimum income of $516,633 in 2010, there are higher incomes than that and they life a different lifestyle and actually do "all the crap mentioned".  They don't work 7 days a week and do live the life of leisure.  Comments?

Quoting Anonymous:

Dh works his ass off and we are in the top 1% and yes we pay 45%. Trying to tell you that you do not know what you are talking about. You need to research more. Dh does not golf ever. Works 7 days a week. Does not work for himself and does not attend all the crap you mentioned.








Quoting Anonymous:

 You pay 45% of your income to the government....




AND YOU'RE DEFENDING THE TOP 1%????




One of us missed something.








Quoting Anonymous:

We pay 45% in total taxes. I'll just leave it at that. Always owe at tax time.





Quoting Anonymous:




 Apparently, I was unclear.  What I was getting at was looking at the top 1%, not the top 25% or who pays the most taxes.





Are you in the top 1%?










Quoting Anonymous:

Who cares how the top 25% pays taxes. They pay nearly all the taxes.






Quoting Anonymous:





 I have done research.  The top 25% may pay 85% of taxes, but how does that break down according to percentage of wealth and how does that breakdown look over the entire top 25%?  So the point I mentioned is above the 25% mark, so what?












Quoting Anonymous:

Do research. The top 25% pays 85% of taxes.







Quoting Anonymous:






 1. Yeah, that's a nice thing to say, but I've been working my butt off all my life (as has my DH) and we're no better off than when we started, in fact, we're not even that well off anymore.







2. Who pays the most taxes is NOT the top 1%.  There's a point at which the top X% are paying less than the tens of percentages below them.







3. As I said, I'm a conservative.  I don't agree with stealing from Peter to pay Paul either.
The market isn't free to regulate itself, therefore the rich keep getting richer and the rest just keep getting poorer.  The government has bound up the market in just enough laws and regulations to make it impossible for anyone to GET to the "top".














Quoting Anonymous:

Then get off your ass and become the top. Who pays the most taxes because the bottom 50% don't pay shit and many take and don't give dime. I hate the steal from Peter to pay Paul.
























































PinkButterfly66
by on Apr. 10, 2013 at 2:12 PM

Yes, I know how to read and I do understand the average. That is my point.  An annual salary of $250,000 IS not the top 1% nationally.

Quoting marchantmom06:

Did you read what you posted? Or do you know what AVERAGE means? They take the top earners of 27 million dollars annually and the bottome earners of the one percent and average it out. 717,000 is not what one needs to earn to be considered 1%.


understanding exactly what that figure means. The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000


Quoting PinkButterfly66:

Nope, $250,000, does not qualify as the top 1%, nationally -- maybe locally depending on the state where you live.

http://www.nytimes.com/interactive/2011/10/30/nyregion/where-the-one-percent-fit-in-the-hierarchy-of-income.html?_r=0

http://www.forbes.com/sites/moneywisewomen/2012/03/21/average-america-vs-the-one-percent/

"Before you can talk about the 1 percent, it’s important to put the figures into perspective by understanding exactly what that figure means. The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000. The real disparity between the classes isn’t in income, however, but in net value: The 1 percent are worth about $8.4 million, or 70 times the worth of the lower classes."


"The 1 percent are executives, doctors, lawyers and politicians, among other things. Within this group of people is an even smaller and wealthier subset of people, 1 percent of the top, or .01 percent of the entire nation. Those people have incomes of over $27 million, or roughly 540 times the national average income. Altogether, the top 1 percent control 43 percent of the wealth in the nation; the next 4 percent control an additional 29 percent."

Pretty eye opening, huh?
Quoting Anonymous:

I read on websites $250,000 and higher. You can say what you want. We have a friend who makes more than a million a year and busts his butt working. It is people like you who do not really know. Yes, some do not work. Many do.





Quoting PinkButterfly66:

The top one percent is defined as having a minimum income of $516,633 in 2010, there are higher incomes than that and they life a different lifestyle and actually do "all the crap mentioned".  They don't work 7 days a week and do live the life of leisure.  Comments?

Quoting Anonymous:

Dh works his ass off and we are in the top 1% and yes we pay 45%. Trying to tell you that you do not know what you are talking about. You need to research more. Dh does not golf ever. Works 7 days a week. Does not work for himself and does not attend all the crap you mentioned.








Quoting Anonymous:

 You pay 45% of your income to the government....




AND YOU'RE DEFENDING THE TOP 1%????




One of us missed something.








Quoting Anonymous:

We pay 45% in total taxes. I'll just leave it at that. Always owe at tax time.





Quoting Anonymous:




 Apparently, I was unclear.  What I was getting at was looking at the top 1%, not the top 25% or who pays the most taxes.





Are you in the top 1%?










Quoting Anonymous:

Who cares how the top 25% pays taxes. They pay nearly all the taxes.






Quoting Anonymous:





 I have done research.  The top 25% may pay 85% of taxes, but how does that break down according to percentage of wealth and how does that breakdown look over the entire top 25%?  So the point I mentioned is above the 25% mark, so what?












Quoting Anonymous:

Do research. The top 25% pays 85% of taxes.







Quoting Anonymous:






 1. Yeah, that's a nice thing to say, but I've been working my butt off all my life (as has my DH) and we're no better off than when we started, in fact, we're not even that well off anymore.







2. Who pays the most taxes is NOT the top 1%.  There's a point at which the top X% are paying less than the tens of percentages below them.







3. As I said, I'm a conservative.  I don't agree with stealing from Peter to pay Paul either.
The market isn't free to regulate itself, therefore the rich keep getting richer and the rest just keep getting poorer.  The government has bound up the market in just enough laws and regulations to make it impossible for anyone to GET to the "top".














Quoting Anonymous:

Then get off your ass and become the top. Who pays the most taxes because the bottom 50% don't pay shit and many take and don't give dime. I hate the steal from Peter to pay Paul.
























































marchantmom06
by Bronze Member on Apr. 10, 2013 at 2:13 PM
Since you thought 250,000 gets you in the top 1%, I'm guessing you make less than 388,000 which is what the top tax bracket is. Also last years TTB was only 35% so you are claiming to pay 10% MORE than the TTB. Here is a website that shows you how taxes work.

http://www.consumerismcommentary.com/2012-federal-income-tax-brackets-and-marginal-rates/


Your sick of what? Who is living the American dream YOU?


Quoting Anonymous:

I never said a salary. We just got our taxes back and owe more. We do the math from the taxes paid. Believe what you want. I don't care. I am sick of people putting people down while living the American dream and making something of themselves while others are sitting wanting govt tax money handed to them.




Quoting marchantmom06:

I find it hard to believe you pay 45%. The tax bracket for you would be 33%. The top tax bracket is only 39.6% and that's for 425,000 or more.






Quoting Anonymous:

We pay 45% in total taxes. I'll just leave it at that. Always owe at tax time.








Quoting Anonymous:

 Apparently, I was unclear.  What I was getting at was looking at the top 1%, not the top 25% or who pays the most taxes.





Are you in the top 1%?










Quoting Anonymous:

Who cares how the top 25% pays taxes. They pay nearly all the taxes.






Quoting Anonymous:





 I have done research.  The top 25% may pay 85% of taxes, but how does that break down according to percentage of wealth and how does that breakdown look over the entire top 25%?  So the point I mentioned is above the 25% mark, so what?






 






Quoting Anonymous:

Do research. The top 25% pays 85% of taxes.







Quoting Anonymous:






 1. Yeah, that's a nice thing to say, but I've been working my butt off all my life (as has my DH) and we're no better off than when we started, in fact, we're not even that well off anymore.







2. Who pays the most taxes is NOT the top 1%.  There's a point at which the top X% are paying less than the tens of percentages below them.







3. As I said, I'm a conservative.  I don't agree with stealing from Peter to pay Paul either.
The market isn't free to regulate itself, therefore the rich keep getting richer and the rest just keep getting poorer.  The government has bound up the market in just enough laws and regulations to make it impossible for anyone to GET to the "top".







 







Quoting Anonymous:

Then get off your ass and become the top. Who pays the most taxes because the bottom 50% don't pay shit and many take and don't give dime. I hate the steal from Peter to pay Paul.






 







 







 






 











 





Posted on CafeMom Mobile
marchantmom06
by Bronze Member on Apr. 10, 2013 at 2:15 PM
No you clearly don't get it at all.


Quoting PinkButterfly66:

Yes, I know how to read and I do understand the average. That is my point.  An annual salary of $250,000 IS not the top 1% nationally.

Quoting marchantmom06:

Did you read what you posted? Or do you know what AVERAGE means? They take the top earners of 27 million dollars annually and the bottome earners of the one percent and average it out. 717,000 is not what one needs to earn to be considered 1%.





understanding exactly what that figure means. The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000





Quoting PinkButterfly66:

Nope, $250,000, does not qualify as the top 1%, nationally -- maybe locally depending on the state where you live.

http://www.nytimes.com/interactive/2011/10/30/nyregion/where-the-one-percent-fit-in-the-hierarchy-of-income.html?_r=0

http://www.forbes.com/sites/moneywisewomen/2012/03/21/average-america-vs-the-one-percent/

"Before you can talk about the 1 percent, it’s important to put the figures into perspective by understanding exactly what that figure means. The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000. The real disparity between the classes isn’t in income, however, but in net value: The 1 percent are worth about $8.4 million, or 70 times the worth of the lower classes."


"The 1 percent are executives, doctors, lawyers and politicians, among other things. Within this group of people is an even smaller and wealthier subset of people, 1 percent of the top, or .01 percent of the entire nation. Those people have incomes of over $27 million, or roughly 540 times the national average income. Altogether, the top 1 percent control 43 percent of the wealth in the nation; the next 4 percent control an additional 29 percent."

Pretty eye opening, huh?
Quoting Anonymous:

I read on websites $250,000 and higher. You can say what you want. We have a friend who makes more than a million a year and busts his butt working. It is people like you who do not really know. Yes, some do not work. Many do.








Quoting PinkButterfly66:

The top one percent is defined as having a minimum income of $516,633 in 2010, there are higher incomes than that and they life a different lifestyle and actually do "all the crap mentioned".  They don't work 7 days a week and do live the life of leisure.  Comments?

Quoting Anonymous:

Dh works his ass off and we are in the top 1% and yes we pay 45%. Trying to tell you that you do not know what you are talking about. You need to research more. Dh does not golf ever. Works 7 days a week. Does not work for himself and does not attend all the crap you mentioned.











Quoting Anonymous:

 You pay 45% of your income to the government....





AND YOU'RE DEFENDING THE TOP 1%????





One of us missed something.










Quoting Anonymous:

We pay 45% in total taxes. I'll just leave it at that. Always owe at tax time.






Quoting Anonymous:





 Apparently, I was unclear.  What I was getting at was looking at the top 1%, not the top 25% or who pays the most taxes.






Are you in the top 1%?












Quoting Anonymous:

Who cares how the top 25% pays taxes. They pay nearly all the taxes.







Quoting Anonymous:






 I have done research.  The top 25% may pay 85% of taxes, but how does that break down according to percentage of wealth and how does that breakdown look over the entire top 25%?  So the point I mentioned is above the 25% mark, so what?














Quoting Anonymous:

Do research. The top 25% pays 85% of taxes.








Quoting Anonymous:







 1. Yeah, that's a nice thing to say, but I've been working my butt off all my life (as has my DH) and we're no better off than when we started, in fact, we're not even that well off anymore.








2. Who pays the most taxes is NOT the top 1%.  There's a point at which the top X% are paying less than the tens of percentages below them.








3. As I said, I'm a conservative.  I don't agree with stealing from Peter to pay Paul either.
The market isn't free to regulate itself, therefore the rich keep getting richer and the rest just keep getting poorer.  The government has bound up the market in just enough laws and regulations to make it impossible for anyone to GET to the "top".
















Quoting Anonymous:

Then get off your ass and become the top. Who pays the most taxes because the bottom 50% don't pay shit and many take and don't give dime. I hate the steal from Peter to pay Paul.




































































Posted on CafeMom Mobile
Anonymous
by Anonymous 2 on Apr. 10, 2013 at 2:17 PM
We started out with nothing. Anyone can do it if they want to. Many give up, don't wanna move around, don't wanna work 7 days a week.


Quoting marchantmom06:

Since you thought 250,000 gets you in the top 1%, I'm guessing you make less than 388,000 which is what the top tax bracket is. Also last years TTB was only 35% so you are claiming to pay 10% MORE than the TTB. Here is a website that shows you how taxes work.



http://www.consumerismcommentary.com/2012-federal-income-tax-brackets-and-marginal-rates/





Your sick of what? Who is living the American dream YOU?




Quoting Anonymous:

I never said a salary. We just got our taxes back and owe more. We do the math from the taxes paid. Believe what you want. I don't care. I am sick of people putting people down while living the American dream and making something of themselves while others are sitting wanting govt tax money handed to them.






Quoting marchantmom06:

I find it hard to believe you pay 45%. The tax bracket for you would be 33%. The top tax bracket is only 39.6% and that's for 425,000 or more.








Quoting Anonymous:

We pay 45% in total taxes. I'll just leave it at that. Always owe at tax time.










Quoting Anonymous:

 Apparently, I was unclear.  What I was getting at was looking at the top 1%, not the top 25% or who pays the most taxes.






Are you in the top 1%?












Quoting Anonymous:

Who cares how the top 25% pays taxes. They pay nearly all the taxes.







Quoting Anonymous:






 I have done research.  The top 25% may pay 85% of taxes, but how does that break down according to percentage of wealth and how does that breakdown look over the entire top 25%?  So the point I mentioned is above the 25% mark, so what?







 







Quoting Anonymous:

Do research. The top 25% pays 85% of taxes.








Quoting Anonymous:







 1. Yeah, that's a nice thing to say, but I've been working my butt off all my life (as has my DH) and we're no better off than when we started, in fact, we're not even that well off anymore.








2. Who pays the most taxes is NOT the top 1%.  There's a point at which the top X% are paying less than the tens of percentages below them.








3. As I said, I'm a conservative.  I don't agree with stealing from Peter to pay Paul either.
The market isn't free to regulate itself, therefore the rich keep getting richer and the rest just keep getting poorer.  The government has bound up the market in just enough laws and regulations to make it impossible for anyone to GET to the "top".








 








Quoting Anonymous:

Then get off your ass and become the top. Who pays the most taxes because the bottom 50% don't pay shit and many take and don't give dime. I hate the steal from Peter to pay Paul.







 








 








 







 













 






Clairwil
by Silver Member on Apr. 10, 2013 at 3:05 PM
1 mom liked this
Quoting Anonymous:

Do research. The top 25% pays 85% of taxes.

How much of the annual gain in wealth (income + capital gains) goes to the top 25%, though?  Far more than 85%.


Anonymous
by Anonymous 2 on Apr. 10, 2013 at 3:14 PM



Quoting Clairwil:

Quoting Anonymous:

Do research. The top 25% pays 85% of taxes.

How much of the annual gain in wealth (income + capital gains) goes to the top 25%, though?  Far more than 85%.


What does that have to do with the price of eggs in China??  It proves the other 75% pay 15% of taxes.  What does capitol gains have to do with anything?  You are punished for saving and making money now.  And Obama wants you to give the govt even more of the gains you make.  Sucks.  Don't even get me starting on the double dipping that is done on inheritance taxes either.  Govt wants to take it all and squander it. 


lovemyfriend
by on Apr. 10, 2013 at 3:42 PM

 This makes me think of that quote in The Descendants, "My father always said, 'give them enough to do something, but not enough to do nothing'."


Quoting Anonymous:

Well, our children will inherit a ton but hopefully not until they have lived a lot of their life and made their own way. We won't pave their way as long as we are alive. They need to make it on their own.

Anonymous
by Anonymous 2 on Apr. 10, 2013 at 3:45 PM
My oldest dd is living with her boyfriend paying her own way. No one handed us anything we believe they need to work for things too.

Quoting lovemyfriend:

 This makes me think of that quote in The Descendants, "My father always said, 'give them enough to do something, but not enough to do nothing'."




Quoting Anonymous:

Well, our children will inherit a ton but hopefully not until they have lived a lot of their life and made their own way. We won't pave their way as long as we are alive. They need to make it on their own.



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