http://www.dailyfinance.com/story/taxes/top-us-incomes-grew-five-fold-in-2009-to-a-519-million-average/19688820/
During the depths of the recession in 2009, as millions of Americans lost their jobs, homes and life savings, the highest-paid earners in the United States saw their average incomes increase more than five-fold from 2008, according to new data from the federal government.
The 74 people who earned more than $50 million last year -- the highest income category measured by the Social Security Administration -- saw their average incomes skyrocket from $91.8 million in 2008 to a mind-boggling $518.8 million in 2009.
These 74 people earned an average of $10 million -- per week. Meanwhile, half of all American wage-earners, or about 75 million people, earned less than $505 per week.
See full article from DailyFinance: http://srph.it/doRYfX
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It's really about time to cut the bullshit and abolish that bush tax cut!!! This is ridiculous! This country needs a revolution!
[less]
Response by truthskr10
almost 16 years ago
Posts: 4088
Member since: Jul 2009
Really! Maybe these 74 people had the balls to buy stock when the Dow was down at 7500? WTF.
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Response by w67thstreet
almost 16 years ago
Posts: 9003
Member since: Dec 2008
Excelsior! But couldn't we just limit their mortgage deduction? I mean geitner is pumping the equity mkt, it's only fair govt gets something?
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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009
I figure thats mostly the hedge funders who bet big against everyone else...
Tepper, etc.
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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009
74 people will save us!
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Response by Wbottom
almost 16 years ago
Posts: 2142
Member since: May 2010
These 74 people made as much as the 19 million lowest-paid people in America, who constitute one in every eight workers.
Ill translate: Our 72 biggest earners made as much money last year as the bottom 12.5% of all earner in our country
the highest income tax bracket in our country is 250k and up---guy who makes 100mm pays the same rate as the guy who makes 250k
and the guy who makes 100mm pays an army of lawyers and accountants to chees his rate to far less than joe 250k
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Response by truthskr10
almost 16 years ago
Posts: 4088
Member since: Jul 2009
And probably has more done with the charity they donate then the governemnt would do with all their income combined.
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Response by NYCMatt
almost 16 years ago
Posts: 7523
Member since: May 2009
"And probably has more done with the charity they donate then the governemnt would do with all their income combined."
Enough with the charity bullshit.
There are tens of millions of people unemployed. These greedy bastards are essentially hoarding what SHOULD be the salaries of many of these unemployed workers.
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Response by chump
almost 16 years ago
Posts: 4
Member since: Oct 2010
Ok Matt...no need to "class" bait...as long as these "tens of millions of people unemployed" have food and shelter, they are living better than more than half the people on the planet. And isn't it nice to know that any one of these millions of unemployed people could one day become a "greedy bastard"? Not very likely in any other country.
Where is it written that having some meaningless job as a corporate slave or government do-nothing is a god-given right? And, tell me how filling the coffers of our federal government with more taxpayer $$ will help anyone except the friends and families of our politicians. Try thinking with your brain, not your heart...
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Response by alanhart
almost 16 years ago
Posts: 12397
Member since: Feb 2007
Sign the petition!
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Response by truthskr10
almost 16 years ago
Posts: 4088
Member since: Jul 2009
Hmmm let's see, do I want Bloomberg deciding where to spend his personal billion dollars or someone elected by NYCMATT,Daffy Ericho Duck,The Pres, and sledgedog millionaire to spend it.
Do you really think overtaxing the upper percentile will hurt the upper rich? or help the poor?? It will hurt entrepreneurship.
Don't you guys watch Mad Men? In that era they were being taxed 70%. 70%!!! How were the poor doing then?
See what so many don't understand is when the uberrich bleeding hearts like George Soros support what seems like something so contrary to his lifestyle, it's because it secretly protects his lifestyle. It destroys and ruins all hopes of competition.
It doesn't unlevel the playing field, it removes it.
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Response by sledgehammer
almost 16 years ago
Posts: 899
Member since: Mar 2009
It's not class baiting, it's called economic justice! Last time we witnessed the same thing happening in France, the king was beheaded!
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Response by truthskr10
almost 16 years ago
Posts: 4088
Member since: Jul 2009
And here is the problem with blognews, sources are suspect.....
"These figures were revealed by the Social Security Administration on October 15th"
.....can someone show where this is exactly....from Social Security Admin,and not from you cousin's, brother's, neighbor's, sister in law sewing class teacher.
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Response by alanhart
almost 16 years ago
Posts: 12397
Member since: Feb 2007
And only after that did the world receive french fries, french toast, frenched lamb chops, french's mustard, et cetera, et cetera. Economic justice leads to entrepreneurship.
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Response by Wbottom
almost 16 years ago
Posts: 2142
Member since: May 2010
it's obscene the redistribution of wealth that has been effected via the bush tax cuts and various other trickle-up policies--ans for all you data folks, it should be clear as a bell--our middle clas is getting poor--double incomes and all--where people aren't unemployed
and most of the right drones on with the propaganda, led top their own demise by the koch boys
brilliant
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Response by truthskr10
almost 16 years ago
Posts: 4088
Member since: Jul 2009
Sorry but the only thing this country is sorely lacking is white collar law enforcement.
See the big crooks have too much on the politicians, so nobody(less than 2%) go to jail.
Have to clean house with both parties, incumbents on both sides.
It takes 2 years for a new politician to learn how and get comfortable with stealing.
We have too many veterans.
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Response by happycomm1
almost 16 years ago
Posts: 18
Member since: Oct 2010
alanhart
about 2 hours ago
ignore this person
report abuse And only after that did the world receive french fries, french toast, frenched lamb chops, french's mustard, et cetera, et cetera. Economic justice leads to entrepreneurship.
Excellent contribution alan. Maybe you can contribute another editorial this week to Al Jazeerah.
Aboutready wants special tax breaks and damages from her landlord just for her. She doesn't even care if the money doesn't go into the joint account.
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Response by chump
almost 16 years ago
Posts: 4
Member since: Oct 2010
sledge: what does the tax rate on personal income (bust tax cuts) have to do with revenue of "U.S." companies?? I use quotes because the so-called "U.S." companies pay little to no U.S.corporate tax.
BTW, those evil rich guys don't give a rats ass about what the income tax is....sure they get a W2 for their bottle-service $$, but their real wealth is all capital gains and dividends...taxed at a totally different rate. Just the working class (upper and lower) gets to bicker about cutting or raising taxes, while the evil rich are enjoying a fine steak dinner...
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Response by chump
almost 16 years ago
Posts: 4
Member since: Oct 2010
Oops..guess they aren't as rich as you thought they were:
Sledgehammer...where ya at, lemme guess, the rich still make too much money. Rage against people who succeed. Gotta love how our SSA releases these reports based on false information. Lets see...raise taxes so we can hire more government workers at the SSA, or just pay them more, and that will prevent mistakes like this from happening again.
Whoops, the entire premise of this story was based on an error!
It's bad enough when so called news reports quote things without a link to actual reports.
And this was even worse, the report was wrong.
"It's really about time to cut the bullshit and abolish that bush tax cut!!! This is ridiculous! This country needs a revolution!"
It's really about time to cut the bullshit and abolish blogger style news!! This is ridiculous! This industry needs resolution!
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Response by rangersfan
almost 16 years ago
Posts: 877
Member since: Oct 2009
wbottom, how about you fixate on the vast armpit of corruption/waste/patronage/sewage/toxic pablam that emenates from the great halls of albany, then lets talk about raising tax rates yet again. mindless. and your redistribution of wealth analysis is reverse osmosis at its finest. you better ask finaneguy to assist in sprucing up your dogma even though its as transparent as lady gagas panties.
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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009
"These 74 people made as much as the 19 million lowest-paid people in America, who constitute one in every eight workers"
So, you are inferring that they're going to buy 74,000 apartments?
lol
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Response by notadmin
almost 16 years ago
Posts: 3835
Member since: Jul 2008
> So, you are inferring that they're going to buy 74,000 apartments?
that's the LEAST they should do to protect the paper profits in real estate of middle-class new yorkers, right? otherwise, they will vote to take those rich sobs like there's no tomorrow!
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Response by Wbottom
almost 16 years ago
Posts: 2142
Member since: May 2010
elsewhere: they havent bought shlt that they wouldn't have bought anyway had bush not cut their taxes--so it's been allll trickle up
and ranger: apparently albany causes you a bit of upset--a bit of a non-sequiter given the thread tho--we have been speaking about incomes and taxes
that 250K and up is our highest tax bracket is idiocy--that these 74 pay the same rate as a double-income ny household making 250k is so perfect--that's why employment is sooo strong!!! yay
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Response by rangersfan
almost 16 years ago
Posts: 877
Member since: Oct 2009
wbottom, if you think that comment is a non-sequitur given the thread then ur hopeless. btw, what is your number 60%?70%? eff it, how about total confiscation - no doubt those carpetbaggers looted the innocents - only justification would be to take it all back and throw them in jail. Wait, think thats putin's game. now thats aspirational.
Really! Maybe these 74 people had the balls to buy stock when the Dow was down at 7500? WTF.
Excelsior! But couldn't we just limit their mortgage deduction? I mean geitner is pumping the equity mkt, it's only fair govt gets something?
I figure thats mostly the hedge funders who bet big against everyone else...
Tepper, etc.
74 people will save us!
These 74 people made as much as the 19 million lowest-paid people in America, who constitute one in every eight workers.
Ill translate: Our 72 biggest earners made as much money last year as the bottom 12.5% of all earner in our country
the highest income tax bracket in our country is 250k and up---guy who makes 100mm pays the same rate as the guy who makes 250k
and the guy who makes 100mm pays an army of lawyers and accountants to chees his rate to far less than joe 250k
And probably has more done with the charity they donate then the governemnt would do with all their income combined.
"And probably has more done with the charity they donate then the governemnt would do with all their income combined."
Enough with the charity bullshit.
There are tens of millions of people unemployed. These greedy bastards are essentially hoarding what SHOULD be the salaries of many of these unemployed workers.
Ok Matt...no need to "class" bait...as long as these "tens of millions of people unemployed" have food and shelter, they are living better than more than half the people on the planet. And isn't it nice to know that any one of these millions of unemployed people could one day become a "greedy bastard"? Not very likely in any other country.
Where is it written that having some meaningless job as a corporate slave or government do-nothing is a god-given right? And, tell me how filling the coffers of our federal government with more taxpayer $$ will help anyone except the friends and families of our politicians. Try thinking with your brain, not your heart...
Sign the petition!
Hmmm let's see, do I want Bloomberg deciding where to spend his personal billion dollars or someone elected by NYCMATT,Daffy Ericho Duck,The Pres, and sledgedog millionaire to spend it.
http://www.ehow.com/how_2301730_emigrate-united-states-france.html
With job creation this is great.
Do you really think overtaxing the upper percentile will hurt the upper rich? or help the poor?? It will hurt entrepreneurship.
Don't you guys watch Mad Men? In that era they were being taxed 70%. 70%!!! How were the poor doing then?
See what so many don't understand is when the uberrich bleeding hearts like George Soros support what seems like something so contrary to his lifestyle, it's because it secretly protects his lifestyle. It destroys and ruins all hopes of competition.
It doesn't unlevel the playing field, it removes it.
It's not class baiting, it's called economic justice! Last time we witnessed the same thing happening in France, the king was beheaded!
And here is the problem with blognews, sources are suspect.....
"These figures were revealed by the Social Security Administration on October 15th"
.....can someone show where this is exactly....from Social Security Admin,and not from you cousin's, brother's, neighbor's, sister in law sewing class teacher.
And only after that did the world receive french fries, french toast, frenched lamb chops, french's mustard, et cetera, et cetera. Economic justice leads to entrepreneurship.
it's obscene the redistribution of wealth that has been effected via the bush tax cuts and various other trickle-up policies--ans for all you data folks, it should be clear as a bell--our middle clas is getting poor--double incomes and all--where people aren't unemployed
and most of the right drones on with the propaganda, led top their own demise by the koch boys
brilliant
Sorry but the only thing this country is sorely lacking is white collar law enforcement.
See the big crooks have too much on the politicians, so nobody(less than 2%) go to jail.
Have to clean house with both parties, incumbents on both sides.
It takes 2 years for a new politician to learn how and get comfortable with stealing.
We have too many veterans.
alanhart
about 2 hours ago
ignore this person
report abuse And only after that did the world receive french fries, french toast, frenched lamb chops, french's mustard, et cetera, et cetera. Economic justice leads to entrepreneurship.
Excellent contribution alan. Maybe you can contribute another editorial this week to Al Jazeerah.
Another fine example why this bush tax cut on the rich is not helping the economy:
U.S. companies hoarding almost $1 trillion cash: Moody's
http://finance.yahoo.com/news/US-companies-hoarding-almost-rb-2687745036.html?x=0&.v=1&mwp_error=An internal error has occurred#mwpphu-post-form
Aboutready wants special tax breaks and damages from her landlord just for her. She doesn't even care if the money doesn't go into the joint account.
sledge: what does the tax rate on personal income (bust tax cuts) have to do with revenue of "U.S." companies?? I use quotes because the so-called "U.S." companies pay little to no U.S.corporate tax.
http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html
BTW, those evil rich guys don't give a rats ass about what the income tax is....sure they get a W2 for their bottle-service $$, but their real wealth is all capital gains and dividends...taxed at a totally different rate. Just the working class (upper and lower) gets to bicker about cutting or raising taxes, while the evil rich are enjoying a fine steak dinner...
Oops..guess they aren't as rich as you thought they were:
http://www.bloomberg.com/news/2010-11-02/-invalid-multiple-tax-forms-by-supposed-billionaires-skew-wage-figures.html
Sledgehammer...where ya at, lemme guess, the rich still make too much money. Rage against people who succeed. Gotta love how our SSA releases these reports based on false information. Lets see...raise taxes so we can hire more government workers at the SSA, or just pay them more, and that will prevent mistakes like this from happening again.
http://www.bloomberg.com/news/2010-11-02/-invalid-multiple-tax-forms-by-supposed-billionaires-skew-wage-figures.html
"The combined total earned by the top Americans fell to $6 billion last year from $11.9 billion in 2008, the agency said in the corrected report."
Whoops, the entire premise of this story was based on an error!
It's bad enough when so called news reports quote things without a link to actual reports.
And this was even worse, the report was wrong.
"It's really about time to cut the bullshit and abolish that bush tax cut!!! This is ridiculous! This country needs a revolution!"
It's really about time to cut the bullshit and abolish blogger style news!! This is ridiculous! This industry needs resolution!
wbottom, how about you fixate on the vast armpit of corruption/waste/patronage/sewage/toxic pablam that emenates from the great halls of albany, then lets talk about raising tax rates yet again. mindless. and your redistribution of wealth analysis is reverse osmosis at its finest. you better ask finaneguy to assist in sprucing up your dogma even though its as transparent as lady gagas panties.
"These 74 people made as much as the 19 million lowest-paid people in America, who constitute one in every eight workers"
So, you are inferring that they're going to buy 74,000 apartments?
lol
> So, you are inferring that they're going to buy 74,000 apartments?
that's the LEAST they should do to protect the paper profits in real estate of middle-class new yorkers, right? otherwise, they will vote to take those rich sobs like there's no tomorrow!
elsewhere: they havent bought shlt that they wouldn't have bought anyway had bush not cut their taxes--so it's been allll trickle up
and ranger: apparently albany causes you a bit of upset--a bit of a non-sequiter given the thread tho--we have been speaking about incomes and taxes
that 250K and up is our highest tax bracket is idiocy--that these 74 pay the same rate as a double-income ny household making 250k is so perfect--that's why employment is sooo strong!!! yay
wbottom, if you think that comment is a non-sequitur given the thread then ur hopeless. btw, what is your number 60%?70%? eff it, how about total confiscation - no doubt those carpetbaggers looted the innocents - only justification would be to take it all back and throw them in jail. Wait, think thats putin's game. now thats aspirational.