Friday, December 10, 2010

where'd the taxes go

Look at wages, GDP, and taxes.. 2009 the total wage for the US was about 6 trillion, GDP was 14.14 trillion,, that means about 8 trillion dollars was earned in means other than wages. Average and poor didn’t get much if any of that. So the top 10% of the richest, who took in 50% of all revenue, and who’s tax rate was at the top, 39%, should have paid 39% of 7.07 trillion dollars which is 2.7 trillion dollars. the other 50% of earning would have been paid by the other 90% of the population at an average of around 15%, (the bottom 10% would have paid no taxes) this would have been another .9 trillion dollars. total government tax revenue of 3.6 trillion dollars. Funny though, the government only took in 2.1trillion in taxes in 09. The total was .6 trillion less than what the top 10% was suppose to pay. So it is obvious that the rich, while whining about their high tax rate, aren’t really paying it anyway.. The total tax revenue for 09 was only 14% of all earnings.

Where'd all the taxes go?

This is not to mention that the average wage is going up faster than the median wage. What does this mean? Well median wage is after you take out the extremes, the very poor and the very rich and average again.. median wage is $26k, but average wage is $40k. And we know the very poor cannot skew the wage up, so that means the very rich are now making more compared to the average person than they use to.. This is shown in the fact that the average wage for US CEOs has gone up 500% since 1990 but the average work's wage has only gone up 9%.

Without some parity, the average American will start having a hard time buying the products the rich are selling. The constant outsource of production to other countries, so the the rich can increase their profit margin, is harming and will kill this country if not controlled.

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