TYT: Rich People Pay Less Taxes Than The Middle Class &...

[ihavenobias]

Run time: 04:03 https://www.youtube.com/watch?v=RD7DCwXR2vY   Posted on YouTube: July 29, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: July 29, 2008 By DU Member: ihavenobias Views on DU: 2946

 




PS---Keep in mind that you can download the first hour of The Young Turks free every day through Itunes. Also, the show loops 24 hours a day at www.theyoungturks.com and runs live M-F from 9-11pm EST, with a post game show (politics with entertainment and current events) starting at 11pm. And there is great news for XM radio subscribers: The Young Turks are now on XM 167 Monday-Friday, 8am-10am EST! Finally, you can watch Cenk hosting every Friday at 1pm EST with great bloggers guests and others like Arianna Huffington, Rachel Maddow, John Cusack, Harry Reid and more.

[ProfessorPlum]

1. K&R this is an important point

I can't believe no one has taken up Buffet's challenge yet.

[CherylK]

2. K & R! A lot of people do not know these specific numbers!

Thanks for posting!

:thumbsup:

[fascisthunter]

3. ihavenobias, this is one of the most important clips

Most people have no idea that this is true..... this needs to be pounded into the heads of every American to give them proper perspective on the issue of who owes what in taxes. Most do not realize how the wealthy cheat the system they reap millions/billions off of., all while claiming to pay more in taxes than the average American.

[ihavenobias]

5. It is, I agree. Far too many DUers will probably think "Duh" and not even watch the clip

But the fact is not only is this NOT obvious to the majority of low-info voters, but the general sentiment is not often backed up with specific numbers.

It's a LOT easier to convince someone of this if you can back it up with facts.

[fascisthunter]

6. Who Cares What We Know....?

Especially if the general public and average Americans don't know what we know. When they don't know, we all get screwed... the reason I think Cenk's clip is soooo good, is because of the way he communicates... he makes an issue much easier to digest.

I know most DUers know this, but most do not know how to explain it the way Cenk does. That's why I called attention to your post in GD. It's one thing to know about something important like this, it's another thing to share that information.

Thanks again... :thumbsup:

[ihavenobias]

7. You should post a link to that clip here...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3696945

[bulloney]

13. A lot of the RW talking heads point out that the richest 1% pay out something like 50% of the taxes.

Well, they're also making about 50% of the income, too. They would only be paying their fair share if they're making that kind of money. But the talking heads spin it, making it sound like the richest 1% are paying a DISPROPORTIONATE share, like the entire financial support of this country is on their shoulders.

One of the biggest examples of how the richest people don't pay their fair share is in the FICA (Social Security) deduction. You only pay on something like the first $98,000 of your EARNED income. These guys make MILLIONS. Plus, much of their income is off investment earnings, from which NOTHING is deducted toward Social Security.

Yet, a lot of people are convinced that the richest are getting soaked and they spout off that trickle-down economics bullshit, really believing that any extra income earned by the elite will find its way down to the middle and lower class.

Right, and I'm on the short list for Pope.

The fact that nobody has cashed in on Buffett's offer is further proof that the elite in this country are not paying their fair share. That's all I expect. I don't expect the richest to pay something like 90% in taxes, as they did 50-60 years ago. Just pay the same rate as everyone else.

[tnlurker]

4. for later

[OhioChick]

8. K&R

:kick:

[robinlynne]

9. Damn, I wish I had a secretary! I would call Warren buffet right now!

[ihavenobias]

12. I wish I was Buffet's secretary

I'd probably make 3 times what I make now, easy!

[pleah]

10. K&R

[Agent William]

11. The conservatives that I live around..

are now just coming up to me a saying, "ahh man those rich er gettin' all the tax breaks" well no shit. Al Gore only said this would happen before George II was "'elected"' in the first place. I really pity them and there brainwashed way of thinking. The only reason they didn't vote for Gore is because he was "stiff". wad a country. :mad: :mad: :mad:

[jimmil]

14. Where are these numbers coming from?

When a RW loonie comes up with something that I don't believe the first thing out of my mouth is prove it. We moderates should be held to the same standard. Are there government statistics, reports, evidence that this is true? I fully believe it as I have thought for many years not only do the rich use more government services they also have the biggest tax write offs, like a second home. Heck, even an RV is classified as a second home because it has a bathroom, seriously.

[ihavenobias]

15. A reasonable request

http://news.smh.com.au/world/americans-stash-away-15-trillion-us-dollars-in-tax-havens-20080718-3hdl.html

All I did was a google search for those initial numbers and voila!

[gateley]

16. K&R! nt

[WillyT]

17. Big K & R !!!

And thank you for that!!!

:yourock:

[ihavenobias]

18. I'm ready to thank Obama if he closes some of the loopholes that allow this to happen

:)

[democracy1st]

19. kick