AGI = $400,000 - Bush tax (2003-2009): $114,411 - Clinton tax (2000): $133,219 - Difference: $18,808
AGI = $1,000,000 - Bush tax (2003-2009): $324,709 - Clinton tax (2000): $370,819 - Difference: $46,110
AGI = $5,000,000 - Bush tax (2003-2009): $1,724,411 - Clinton tax (2000): $1,954,819 - Difference: $230,408
and there it is .. . the very amounts that they their lives are ruined over .. whining every darn day ! .......EXCELLENT post .. ! .. excellent ! ...thank you so much ... !!!! .
"The figure I continue to obsess over is that 1% of the population controls 95% of the country's wealth"
where do you get this number?
From memory I believe the figure from 2006 is the top ten percent control 70% of "wealth" in the USA.
Dejected? I'm just pointing out the obvious. Taxes are generally applied to income, dividends and capital gains. To my knowledge the only true "wealth" tax we have is inheritance tax.
I believe virtually every economist who has looked at current policy has said taxes will increase for the "wealthy" and indeed for those making less then the $250,000 threshold; the imaginary line between the wealthy and the middle class.
No doubt taxes of all kinds will be going up. Certainly higher income earners will pay a greater portion.
I don't know what he's cranking about. When you look at this historical tax rate and see how unbelievably well our country did during those years when the rich were taxed high but were still able to accumulate great wealth (not billions and billions like today) but enough to become very wealthy, it make me sick listening to them complain ad nauseam about the amount of taxes they pay.
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