Comments on: Income inequality persists

By: vanzetti

vanzetti — Mon, 28 Jul 2008 00:47:23 +0000

And if Colorado voters pass Amendment 47, that gap between the rich and the poor will get greater, at least here in CO. Vote NO on Prop 47, the 'work for less' amendment.

By: wendynorris

wendynorris — Thu, 24 Jul 2008 18:09:54 +0000

@thegrunt. It's not a site policy, it's the law.

The Electronic Frontier Foundation Fair Use FAQ is a good source on the subject.

By: thegrunt

thegrunt — Thu, 24 Jul 2008 17:34:54 +0000

Mrs. Norris, you will need to point me to a link, I can not find the CI policy on this site. Thank you.

By: thegrunt

thegrunt — Thu, 24 Jul 2008 17:20:41 +0000

Mrs. Norris, I was unaware of this policy. I will review this policy. I assume there is a link within CI or can you point me to a national site if not. Thanks.

By: wendynorris

wendynorris — Thu, 24 Jul 2008 09:54:20 +0000

@thegrunt. Your comment was deleted because it violates fair use. Readers can follow the link to read the entire WSJ editorial if they choose.

If you continue to break copyright rules, you will be banned from this site. Consider this fair warning.

By: erinrosa

erinrosa — Thu, 24 Jul 2008 07:51:51 +0000

Yeah, but while the rich are paying more taxes, the same taxes don't come close to comparing with the rich's drastic rise in income.

By: wendynorris

wendynorris — Thu, 24 Jul 2008 00:37:04 +0000

I clipped your comment because it violates fair use regulations. You can excerpt material with proper citations and links (if available). You violate copyright law by cutting and pasting an entire article.

By: erinrosa

erinrosa — Wed, 30 Nov -0001 00:00:00 +0000

Yeah, but while the rich are paying more taxes, the same taxes don’t come close to comparing with the rich’s drastic rise in income.

By: wendynorris

wendynorris — Wed, 30 Nov -0001 00:00:00 +0000

By: thegrunt

thegrunt — Wed, 30 Nov -0001 00:00:00 +0000

Hey, here is the entire article…

Their Fair Share
July 21, 2008; Page A12

Washington is teeing up “the rich” for a big tax hike next year, as a way to make them “pay their fair share.” Well, the latest IRS data have arrived on who paid what share of income taxes in 2006, and it’s going to be hard for the rich to pay any more than they already do. The data show that the 2003 Bush tax cuts caused what may be the biggest increase in tax payments by the rich in American history.

The nearby chart shows that the top 1% of taxpayers, those who earn above $388,806, paid 40% of all income taxes in 2006, the highest share in at least 40 years. The top 10% in income, those earning more than $108,904, paid 71%. Barack Obama says he’s going to cut taxes for those at the bottom, but that’s also going to be a challenge because Americans with an income below the median paid a record low 2.9% of all income taxes, while the top 50% paid 97.1%. Perhaps he thinks half the country should pay all the taxes to support the other half.

Aha, we are told: The rich paid more taxes because they made a greater share of the money. That is true. The top 1% earned 22% of all reported income. But they also paid a share of taxes not far from double their share of income. In other words, the tax code is already steeply progressive.

http://online.wsj.com/article_print/SB121659695380368965.html