Over the past 10 years

[Peter_Puget]

So if true Porter one would expect thet membership in the top 1% 5% to be fairly static. Can you find evidence supporting this? Why don't you start with 2005 then compare to 1980 then compare 1955. The consider the "robber barons" and their progeny.

 

There is a lack of plasticity in wealth movement in the very top tier, and there is ample evidence to prove this. Of course, Republicans want to do away with the inheritance tax, which would further solidify this situation.

 

Here's an interesting link.

 

SC -

 

Please help me out and direct me to section of your link addressing the issue I brought up.

 

Is the disctinction between wealth and income important and why or why not?

 

Gracias!

[KaskadskyjKozak]

eat the rich

 

Let's just set up Madame Guillotine in Pike's Place Market, and decapitate the top 1% wealthy Puget Sound residence. That'll fix everything.

 

[chucK]

 

OK restate federal poverty level to "people too poor to even think about buying a home".

[chucK]

KkkKk your solution is stupid.

 

I think taxing the shit out of the top %1 could feed a lot more people than just cooking up their bodies.

[KaskadskyjKozak]

KkkKk your solution is stupid.

 

I think taxing the shit out of the top %1 could feed a lot more people than just cooking up their bodies.

 

And I think your "solution" is stupid too. So neener neener neeener.

[ClimbingPanther]

OK restate federal poverty level to "people too poor to even think about buying a home".

 

 

but that includes some pretty well-off people in Seattle?!?!

Edited November 1, 2007 by ClimbingPanther

[chucK]

OK, I guess that would. How do home-ownership tax breaks help these people?

 

That was my original question, but actually I don't think I care much anymore. I now am guessing that JayB's original assertion was just some sort of sarcastic dig that I don't understand.

 

Carry on. Blah blah is right.

[ClimbingPanther]

OK, I guess that would. How do home-ownership tax breaks help these people?

 

That was my original question, but actually I don't think I care much anymore. I now am guessing that JayB's original assertion was just some sort of sarcastic dig that I don't understand.

 

Carry on. Blah blah is right.

 

yeah, it seemed to be tongue in cheek to me unless I don't understand either. the poorest of the poor are not likely to own, I would guess.

[Dechristo]

senior citizens who own their own homes, on fixed incomes, often qualify as "poor".

[ClimbingPanther]

...and therefore wouldn't benefit from any mortgage breaks. only a lower property tax, which is a good system and is already in place here in the T-C's (both my grandmothers have drastically slashed property taxes b/c they're old and don't have much income)

[Dechristo]

Reverse mortgages are used increasingly by these folks to deal with the costs of in-home-care, etc.

[joblo7]

wealth comes and goes..........so do I.

[KaskadskyjKozak]

wealth comes and goes..........so do I.

 

cool, when are you "going" next? soon, I hope.

[joblo7]

I JUST WENT..THANKS

[Dechristo]

thought I heard police sirens...

[Dechristo]

no, better evidence, it was an ambulance siren.

[Peter_Puget]

Watch out or the facts might catch up and spoil the plot:

 

Less than half of those in the top 1% in 1996 were still in the top 1 % in 2005

 

 

[archenemy]

Is our tax system primarily taxing wealth or income? Does it matter?

I think it was Albert Einstein who said that no one could understand income tax.

[Dechristo]

I said it, too.

[whirlwind]

Key Quote;

 

"...the top 1% of US earners accounted for 39% of tax revenue - and the highest earning 25% of the population delivered 86% of the tax-take."

 

 

 

 

quick question:

how much money does the top 1% make for instance whos to say they don't acount for 50% of the total income of the nation( which is posible when you have companys like enron making billions in profit. ), in which case if they are only paying 39% of the income tax, is that fair

[Dechristo]

fear fair fare

[kevbone]

i'm genuinely concerned if you give the poor a tax break they will just spend it on hookers and blow.

 

 

Hookers and blow are for the rich.....