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Saturday, April 11, 2015

How Income And Federal Income Taxes Were Distributed In 2014

Alan: The graph above, in conjunction with the first link below, tell the tale of Uncle Sam's income tax -- its origin and development -- and how "folks at the bottom" have been bamboozled into paying an ever larger percentage of the total burden despite original assurances that this would never happen. 

Those Americans who fret that Iran may "get a better deal than the United States" in the current nuclear negotiations should re-focus their attention - almost entirely - on the sorry-ass history of the income tax.


Follow the money!

It's right under your nose.

It's not in Tehran.
Not in Moscow.
Not in Damascus.
Not in Riyadh.
Not in Havana.

It's in Fat Cat's pocket and his share is growing.

"The Rich Aren't Just Grabbing A Bigger Slice Of The Pie. They're Taking It All"
http://paxonbothhouses.blogspot.com/2014/09/the-rich-arent-just-grabbing-bigger.html

"Of The 1%, By The 1%, For The 1%,"
Nobel Laureate Joseph Stiglitz

http://paxonbothhouses.blogspot.com/2015/02/of-1-by-1-for-1-nobel-laureate-joseph.html 

Inequality: Joseph Stiglitz Brilliant Reflection On Obama's State Of The Union Address


Shakespeare's King Henry said it beautifully when he advised his son to "busy giddy minds with foreign wars."

1910 Income Tax Promised To Never Shift Burden From Richest 1 - 4%

http://paxonbothhouses.blogspot.com/2015/01/1910-income-tax-legislation-promised-to.html

It's Not About Income. "It's About Net Worth, Stupid!"

"Plutocracy Triumphant"
Cartoon Compendium

It's Not About Income. "It's About Net Worth, Stupid!"

U Mass Professor Emeritus Richard Wolff Provides Out-Of-The-Box Views

What's Wrong With Conservatives? Seriously. What's Wrong With Them?

"The Rich Aren't Just Grabbing A Bigger Slice Of The Pie. They're Taking It All"
http://paxonbothhouses.blogspot.com/2014/09/the-rich-arent-just-grabbing-bigger.html

"Of The 1%, By The 1%, For The 1%,"
Nobel Laureate Joseph Stiglitz

Compendium Of Best Pax Posts: Plutocracy, Economic Inequality & Collapse Of Conservatism

"Politics And Economics: The 101 Courses You Wish You Had"

Pope Francis: Quotations On Finance, Economics, Capitalism And Inequality

Teddy Roosevelt: "Malefactors Of Great Wealth... 
Are Curses To The Country"

Why Are Americans So Poorly Paid. This One Chart Will Even Shame The 1%

"The Pitchforks Are Coming... For Us Billionaires," Amazon Financier, Nick Hanauer


Meanwhile, these two tables offer a snapshot of who is paying what for the 2014 tax year.
The first gives shares of income and federal income taxes for 2014 for some 325 million Americans, dividing the population into five income quintiles of about 65 million people each.
ENLARGE
The second table provides further information about the top 20%, who pay more than 80% of income taxes.
ENLARGE
The data come from estimates by the nonpartisan Tax Policy Center, a Washington-based research group, as Internal Revenue Service data for 2014 won’t be available for at least two years

Inequality: Joseph Stiglitz Brilliant Reflection On Obama's State Of The Union Address

Bizillionaire Nick Hanauer: Why Money Doesn't Trickle Down

Bizillionaire Nick Hanauer Calls For Radical Wealth Redistribution

Bizillionaire Nick Hanauer: Stock Buy Backs Are Ruining The Economy

American Plutocracy: Who's Punished And Who's Not
http://paxonbothhouses.blogspot.com/2014/03/american-plutocracy-whos-punished-and.html

George Soros: On The Coming Class War In The United States

The Bank Of America: Too Crooked To Fail
Matt Taibbi

Federal Reserve Bank Investigator Carmen Segarra Fired For Holding Banks Responsible

Taibbi: $9 Billion Whistle Blower At JPMorgan. Financial Thuggery At The Top

The Bank Of America: Too Crooked To Fail
Matt Taibbi

American Banking: A New Mafia In Three Piece Suits. Bank Of America Spearheads The Thuggery

Compendium Of Best Pax Posts On "Too Pure Principles" And The Collapse Of Conservatism

G.K. Chesterton: "The Anarchy of The Rich"

Chesterton Viewed The Rich As "Oppressive" "Scum" And Failures

Aristotle On Democracy: Rule By The Needy

Princeton Researches Conclude That The United States Is No Longer A Democracy

G.K. Chesterton: "The Anarchy of The Rich"

Chesterton Viewed The Rich As "Oppressive" "Scum" And Failures

Major General Smedley Butler: Do Wars Really Defend America’s Freedom?

Pope Francis: "This Economy Kills"

Major General Smedley Butler: Do Wars Really Defend America’s Freedom?


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