Glenn Beck

[philcski]

Originally Posted by Cannon Shell

Where did I say that it was a bad idea? I said that the rest of us arent paying more because of it. It is "found" money, not money that the system has accounted for. The middle class wont see a meaningful impact because #1 it simply isnt that much money in the grand scheme and #2 the Govt is basically broke. The fact that you made the statemnt that Princess Doreen's taxes arent going up and gave the description of a 'rich' person whose taxes are going up really doesnt support your view. In fact it strengthens the idea that redistribution is occurring. What I pointed out was that redistribution (taking of wealth/money out of peoples pockets) hits a lot closer to home than any Democratic politician or liberal wants to be made public. The fact that a whole lot of people who consider themselves middle class are going to be contributing far more than they are being told shows how far that redistribution goes.

In other words If you make $75k gross a year your net is going to be a whole lot less in the future than it is today because as I said in the last post, the rich can only pay for so much.

Dude... everybody's getting their panties in a bunch over a whole lot of nothing when it comes to the complaints about "redistribution of wealth". here is the historical data of effective tax rate over the last 25 years. the numbers don't really change much, despite the beliefs of many. and it won't going forward, either. Hell, under Bush there was "redistribution of wealth" if you want to call it that- the effective tax ratio of lowest brackets to the highest bracket actually increased. The only time since 1980 that it's decreased was under Reagan.

Total Effective Federal Tax Rate

Year Lowest Quintile Second Quintile Middle Quintile Fourth Quintile Highest Quintile All Quintiles

1979 8.0 14.3 18.6 21.2 27.5 22.2
1980 7.7 14.1 18.7 21.5 27.3 22.2
1981 8.3 14.7 19.2 22.1 26.9 22.4
1982 8.2 13.8 17.9 20.6 24.4 20.7
1983 9.1 13.7 17.5 20.1 23.9 20.4
1984 10.2 14.6 18.0 20.4 24.3 21.0
1985 9.8 14.8 18.1 20.4 24.0 20.9
1986 9.6 14.8 18.0 20.5 23.8 20.9
1987 8.7 14.0 17.6 20.2 25.8 21.6
1988 8.5 14.3 17.9 20.6 25.6 21.8
1989 7.9 13.9 17.9 20.5 25.2 21.5
1990 8.9 14.6 17.9 20.6 25.1 21.5
1991 8.4 14.2 17.6 20.5 25.3 21.5
1992 8.2 13.7 17.4 20.2 25.6 21.5
1993 8.0 13.5 17.3 20.2 26.8 22.0
1994 6.6 13.1 17.3 20.4 27.4 22.3
1995 6.3 13.4 17.3 20.5 27.8 22.6
1996 5.6 13.2 17.3 20.3 28.0 22.7
1997 5.8 13.6 17.4 20.5 28.0 22.9
1998 5.8 13.0 16.8 20.4 27.6 22.6
1999 6.1 13.3 16.9 20.5 28.0 22.9
2000 6.4 13.0 16.6 20.5 28.0 23.0
2001 5.1 11.5 15.3 18.9 26.7 21.4
2002 4.7 10.8 14.8 18.3 26.0 20.7
2003 4.6 9.8 13.8 17.4 25.0 19.8
2004 4.3 9.9 14.1 17.3 25.2 20.1
2005 4.3 10.1 14.2 17.5 25.8 20.6
2006 4.3 10.2 14.2 17.6 25.8 20.7