Too many people riding in the cart, not enough people pulling the cart. These 99% folks don't realize that they don't speak for about half of the people they think they do. Reality bites and it bites hard. Occupy a job.
Hey, 99 Percenters, You Call This 'Fair'? | Fox News:
A study by the New York City Independent Budget Office was released this week, and you didn't hear much about it in the mainstream media because it hurts their candidate's message.
"New York City has a little more than 8 million residents. Of those many millions, 1% -- ONE PERCENT -- pays 43% of the income taxes. You know how many people that works out to? About 35,000 people.
Picture in your mind's eye the City of New York, not just Manhattan, but all five boroughs. Imagine the throngs here right now enjoying the holidays. Think about the police presence, the sanitation, the schools brimming with children...East Side, West Side, The Village -- a hell of a town! 8 million people!
Now imagine Yankee Stadium, or any average Major League ballpark, and fill it except for the nosebleed seats. That tiny number pays almost HALF the operating costs for the city. How's THAT for fair?
Another kick in the head is that ten percent of New Yorkers pay 71% of the taxes. Guess how much income it takes to crack that ten percent?You don't have to be one of the millionaires or billionaires whom the Divider in Chief loves to vilify. You need not be an evil fat cat making $200,000 -- perish the thought! What's it take to crack the top ten percent in the most expensive city in America? $105,000. Yep, a buck five."
The top 1% of income earners, those who earn over about $400 thousand a year pay 40% of all the income taxes
*** FORTY PERCENT of taxes are paid by 1% of taxpayers ***
In other words, the government collects 40% of all the income taxes it gets from only 1% of the people who pay taxes.
The other 99% of taxpayers COMBINED only pay the other 60%.
And half of all adults DON'T PAY ANY INCOME TAX AT ALL.
If I have my math correct.
- The 1% pays 40% of the freight
Of the 99%
- 49.5% pay the Other 60%
- 49.5% PAY ZERO
Too many people riding in the cart, not enough people pulling the cart.
Raise taxes on the 49.5% of the free-loaders.
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