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Old 10-13-2011, 04:58 PM
 
13,194 posts, read 28,515,168 times
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Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
Attempting to measuring the top 1% by annual income is pointless. What truly puts you in the top 1% is net worth, and AFAIK the IRS doesn't measure net worth.
And thank God they don't because they'd be trying to tax it, too!!!
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Old 10-13-2011, 05:00 PM
 
29,980 posts, read 43,158,085 times
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Quote:
Originally Posted by Freebird2007 View Post
well tell that to the OWS who measure the 1% as not only being rich....but being the highest earners.

Whose taxes do you think they are demanding to be raised? duh...
Those whose only federal income tax experience has been filling out a (1040-EZ) have little concept that every tax passed in the name of "tax the rich" has come back to bite the middle class and not the uber wealthy (see AMT as one example). They are useful idiots though they refuse to see it.

IMO, Cain's 999 plan will have similar impact on punishing the middle class. YMMV
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