|
wilshire
free radical


Registered: 05/11/05
Posts: 2,421
Loc: SE PA
Last seen: 14 years, 3 days
|
$2.77 trillion budget
#5278822 - 02/08/06 07:00 PM (17 years, 11 months ago) |
|
|
budget for the federal government for FY2007:
$2,770,000,000,000
number of americans over age 14: 235,000,000
average amount seized from each american citizen over the age of 14 by the federal government for FY2007:
$11,800
that's before the state and local taxmen come by.
|
WhiteBunny
How deep doesthe rabbit hole go?


Registered: 07/29/05
Posts: 1,351
Loc: Earth
Last seen: 15 years, 4 months
|
Re: $2.77 trillion budget [Re: wilshire]
#5278865 - 02/08/06 07:11 PM (17 years, 11 months ago) |
|
|
that's a ridiculous post. Everyone isn't in the same tax bracket. The top 2 percent makes more than the bottom 98. Those paying near 50% in taxes counter act those pay much much less. I don't know but I would think things like trade tariffs and things of that nature and other means of income help to add to the budget.
WB
--------------------
Edited by WhiteBunny (02/09/06 09:51 AM)
|
zappaisgod
horrid asshole

Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
|
Re: $2.77 trillion budget [Re: wilshire]
#5278873 - 02/08/06 07:13 PM (17 years, 11 months ago) |
|
|
Cut the crap. The top 1% pays a third, the top 5% pays half and the top 10% pays 2/3. The "average" American doesn't pay shit.
--------------------
|
wilshire
free radical


Registered: 05/11/05
Posts: 2,421
Loc: SE PA
Last seen: 14 years, 3 days
|
Re: $2.77 trillion budget [Re: WhiteBunny]
#5278967 - 02/08/06 07:34 PM (17 years, 11 months ago) |
|
|
"average"
|
DirtMcgirt
in a pinch


Registered: 10/20/04
Posts: 2,213
Loc: city of angels
|
Re: $2.77 trillion budget [Re: zappaisgod]
#5280255 - 02/09/06 01:06 AM (17 years, 11 months ago) |
|
|
Quote:
The top 1% pays a third, the top 5% pays half and the top 10% pays 2/3
I wonder how much of the physical wealth of this nation that the top 10% owns...
Physical numbers always outnumber economic wealth. There are more poor people than rich people, it will always be that way. So if you don't want to get clubbed on the street by ten porr and morally corrupt human beings acting like hyenas, pay up and deal with it. Or move the hell out of the country that affords you the ability to make such vast sums of money within its economy. We, just by being here and fueling the economy you thrive in, are all in part as responsible for your success. Pay up bitch, the masses have spoken. Enjoy your life in the meantime....
-------------------- "And we, inhabitants of the great coral of the Cosmos, believe the atom (which still we cannot see) to be full matter, whereas, it too, like everything else, is but an embroidery of voids in the Void, and we give the name of being, dense and even eternal, to that dance of inconsistencies, that infinite extension that is identified with absolute Nothingness and that spins from its own non-being the illusion of everything."
|
psilomonkey
Twisted brainwrong of a oneoff man mental

Registered: 08/08/03
Posts: 812
Loc: Airstrip One
|
Re: $2.77 trillion budget [Re: wilshire]
#5280537 - 02/09/06 02:29 AM (17 years, 11 months ago) |
|
|
I was also wondering about the massive deficit that run year and year and was thinking how come that works?
Does the federal government simply issue more dollars, either as currency or bonds? If so, is that not the ultimate stealth tax? Even if it does not directly affect the worth of the dollar in your pocket it effectively means that the federal government through the federal reserve is keeping the benefits of economic growth for itself?
|
Seuss
Error: divide byzero


Registered: 04/27/01
Posts: 23,480
Loc: Caribbean
Last seen: 2 months, 20 days
|
Re: $2.77 trillion budget [Re: zappaisgod]
#5280646 - 02/09/06 03:35 AM (17 years, 11 months ago) |
|
|
> The top 1% pays a third, the top 5% pays half and the top 10% pays 2/3. The "average" American doesn't pay shit.
I think you need to relook at the tax tables. The largest tax bracket is at 35% for people that make over $163,225 or more per year. (data from 2005 tax season)
> Does the federal government simply issue more dollars
They can't do that or inflation would rise as the value of the new money they issued became worthless.
-------------------- Just another spore in the wind.
|
Phred
Fred's son


Registered: 10/18/00
Posts: 12,949
Loc: Dominican Republic
Last seen: 9 years, 18 days
|
Re: $2.77 trillion budget [Re: Seuss]
#5280762 - 02/09/06 05:58 AM (17 years, 11 months ago) |
|
|
Zappa's referring not to the percentage of their income each person pays, but rather at how much of the government's income tax haul comes from the top income earners rather than from the bottom income earners.
Say the government gathers 100 billion dollars in income tax one year. Upon examination it will be found that those whose income exceeds that of 99% of Americans (the "top one per cent") will have provided 33 billion dollars.
Phred
--------------------
|
Asante
Mage


Registered: 02/06/02
Posts: 86,795
|
Re: $2.77 trillion budget [Re: wilshire]
#5280816 - 02/09/06 06:52 AM (17 years, 11 months ago) |
|
|
If somebody gave me 0.0000001 % of that I'd be as happy as a monkey in a tree
-------------------- Omnicyclion.org higher knowledge starts here
|
Seuss
Error: divide byzero


Registered: 04/27/01
Posts: 23,480
Loc: Caribbean
Last seen: 2 months, 20 days
|
Re: $2.77 trillion budget [Re: Phred]
#5280858 - 02/09/06 07:38 AM (17 years, 11 months ago) |
|
|
Quote:
Say the government gathers 100 billion dollars in income tax one year. Upon examination it will be found that those whose income exceeds that of 99% of Americans (the "top one per cent") will have provided 33 billion dollars.
Ah, that makes much more sense... ignore my comment about the tax tables, Zappa... I just didn't understand what you were saying...
-------------------- Just another spore in the wind.
|
Tao
Village Genius

Registered: 09/19/03
Posts: 7,935
Loc: San Diego
Last seen: 8 years, 7 months
|
Re: $2.77 trillion budget [Re: psilomonkey]
#5281047 - 02/09/06 09:25 AM (17 years, 11 months ago) |
|
|
Quote:
psilomonkey said: I was also wondering about the massive deficit that run year and year and was thinking how come that works?
Does the federal government simply issue more dollars, either as currency or bonds?
Yeah, I'm pretty sure they borrow the money by selling bonds to investors.
-------------------- Magash's Grain Tek + Tub-in-Tub Incubator + Magash's PMP + SBP Tek + Dunking = Practically all a newbie grower needs
|
WhiteBunny
How deep doesthe rabbit hole go?


Registered: 07/29/05
Posts: 1,351
Loc: Earth
Last seen: 15 years, 4 months
|
Re: $2.77 trillion budget [Re: Seuss]
#5281148 - 02/09/06 09:54 AM (17 years, 11 months ago) |
|
|
Quote:
Seuss said: > The top 1% pays a third, the top 5% pays half and the top 10% pays 2/3. The "average" American doesn't pay shit.
I think you need to relook at the tax tables. The largest tax bracket is at 35% for people that make over $163,225 or more per year. (data from 2005 tax season)
> Does the federal government simply issue more dollars
They can't do that or inflation would rise as the value of the new money they issued became worthless.
From what I found the highest tax bracket is $278,450 and over paying 39.4%
WB
--------------------
|
Ancalagon
AgnosticLibertarian

Registered: 07/30/02
Posts: 1,364
Last seen: 14 years, 11 months
|
Re: $2.77 trillion budget [Re: Seuss]
#5281298 - 02/09/06 10:40 AM (17 years, 11 months ago) |
|
|
Quote:
> Does the federal government simply issue more dollars
They can't do that or inflation would rise as the value of the new money they issued became worthless.
The nature of inflation is such that only after the newly issued money has been in circulation for a while are the effects of the inflation felt. Those that make first use of the money will not notice any decrease in the value that is placed on it. It is only those down the line (the smallfolk, usually) that have to deal with the devaluation of currency. The government absolutely does inflate the money supply, in part, to pay off the debt. This, of course, isn't done so flagrantly that hyperinflation occurrs (evidence being that the dollar isn't being used as wallpaper as German currency was during the post-WWI hyperinflation).
-------------------- ?When Alexander the Great visted the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: 'Yes, stand a little less between me and the sun.' It is what every citizen is entitled to ask of his government.? -Henry Hazlitt in 'Economics in One Lesson'
|
|