{"id":6441,"date":"2011-05-29T16:24:00","date_gmt":"2011-05-29T22:24:00","guid":{"rendered":"http:\/\/ishmaels.net\/blog\/?p=6441"},"modified":"2011-05-29T16:24:00","modified_gmt":"2011-05-29T22:24:00","slug":"the-real-story-on-taxes-we-pay","status":"publish","type":"post","link":"https:\/\/www.ishmaels.net\/blog\/2011\/05\/29\/the-real-story-on-taxes-we-pay\/","title":{"rendered":"The real story on taxes we pay!"},"content":{"rendered":"

Before I hit in the tax problem lets look at some general statistics. <\/strong><\/p>\n

Let\u2019s look<\/strong> at some stats:
? 44 million Americans living on
food<\/strong> stamps or roughly 1 in 4
Americans are on some sort<\/strong> of
food<\/strong> stamp<\/strong> assistance.
? 1 in 5 Americans that are
behind, underwater or in
foreclosure on their mortgages
? 1 in 7 that are working<\/strong> part time<\/strong> for economic reasons or unemployed.
? 1 in roughly 2, 45.4%, of all Americans had a job in 2010
? 3 of 4 Americans are slowing their spending
? 1 in 2 Americans now earn less than $500 per week.<\/p>\n

Taken from Streettalklive.com<\/strong> \u2013 May 14 issue<\/strong> of the X-factor a free weekly letter you can access here:  Street Talk Live<\/a><\/p>\n

 <\/p>\n

Now that I set<\/strong> the tone that it appears few are paying taxes Here is a chart from The American<\/a>.  <\/p>\n

 <\/p>\n

\"Guess<\/a> <\/p>\n

This was compiled in 2007 and may actually be much worse now with the changes we have seen.  The good thing here is it compares the tax % paid vs. share of the income made.  So the top 10% of the income levels \u2013 probably those people over $250000 a year<\/strong> were paying 68% of the tax but only made 44% of the  total income in the US<\/strong>? that doesn<\/strong>\u2019t seem fair but it is obvious that  politicians<\/strong> will push against the fewest voters in favor of the greatest number<\/strong> of voters to get hold their job.  OH<\/strong> and one<\/strong> of the perks once you get there, they do not have to follow the same rules the rest of us<\/strong> do.  Simple things like their own pension funds, own health plan, and they are excluded from such corruptions<\/strong> as \u201cinsider trading<\/strong> laws\u201d.    How many poor or even Middle class politicians<\/strong> do you know?<\/p>\n","protected":false},"excerpt":{"rendered":"

Before I hit in the tax problem lets look at some general statistics. <\/p>\n

Let\u2019s look at some stats: ? 44 million Americans living on food stamps or roughly 1 in 4 Americans are on some sort of food stamp assistance. ? 1 in 5 Americans that are behind, underwater or in foreclosure on their mortgages ? 1 in 7 that are working part time for economic reasons or unemployed. ? 1 in roughly 2, 45.4%, of all Americans had a job in 2010 ? 3 of 4 Americans are slowing their spending ? 1 in 2 Americans now earn less than $500 per week.<\/p>\n

Taken from Streettalklive.com \u2013 May 14 issue of the X-factor a free weekly letter you can access here:  Street Talk <\/p>\n

“And Now the Rest of the Story – “The real story on taxes we pay!<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[13],"class_list":["post-6441","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bbs","odd"],"yoast_head":"\nThe real story on taxes we pay! - And That was How it Went<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ishmaels.net\/blog\/2011\/05\/29\/the-real-story-on-taxes-we-pay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The real story on taxes we pay! - And That was How it Went\" \/>\n<meta property=\"og:description\" content=\"Before I hit in the tax problem lets look at some general statistics. Let\u2019s look at some stats: ? 44 million Americans living on food stamps or roughly 1 in 4 Americans are on some sort of food stamp assistance. ? 1 in 5 Americans that are behind, underwater or in foreclosure on their mortgages ? 1 in 7 that are working part time for economic reasons or unemployed. ? 1 in roughly 2, 45.4%, of all Americans had a job in 2010 ? 3 of 4 Americans are slowing their spending ? 1 in 2 Americans now earn less than $500 per week. 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A sorry impression of our elected officials.","author":"wd0ajg","date":"June 15, 2010","format":false,"excerpt":"I got this by email and it fits so well that it should be here. Some interesting thoughts; I find the claims about Wall-Mart (WMT) to be surprisingly aggressive, but the principle is valid even if exaggerated: 1. Americans spend $36,000,000 at Wal-Mart Every hour of every day. 2. This\u2026","rel":"","context":"In "Idiots"","block_context":{"text":"Idiots","link":"https:\/\/www.ishmaels.net\/blog\/category\/idiots\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58774,"url":"https:\/\/www.ishmaels.net\/blog\/2015\/10\/15\/glad-i-am-not-in-the-23-of-americans-with-a-job\/","url_meta":{"origin":6441,"position":1},"title":"Glad I am not in the 2\/3 of Americans with a job","author":"wd0ajg","date":"October 15, 2015","format":false,"excerpt":"Yea, just glad I saved, my dad saved, and I was lucky enough to retire\u2026 This is crazy.. \u00a0 Here\u2019s President Reagan\u2019s former budget advisor David Stockman in the Daily Reckoning: [A]ccording to the Social Security Administration\u2019s wage records, there were 100 million workers who held any kind of paying\u2026","rel":"","context":"In \"BBS\"","block_context":{"text":"BBS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/bbs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":369,"url":"https:\/\/www.ishmaels.net\/blog\/2010\/04\/14\/more-food-for-thought\/","url_meta":{"origin":6441,"position":2},"title":"More Food for thought","author":"wd0ajg","date":"April 14, 2010","format":false,"excerpt":"This one doesnt taste too good. For 2009's taxes, 47% of tax filers will pay $0, according to the Tax Policy Center, a Washington think tank. This is an alarming trend. As recently as the 1980s, just 10%-15% of Americans had no tax bill. And in 2000, around 22% paid\u2026","rel":"","context":"In "Life"","block_context":{"text":"Life","link":"https:\/\/www.ishmaels.net\/blog\/category\/life-and-or-living-daily\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2479,"url":"https:\/\/www.ishmaels.net\/blog\/2010\/09\/22\/repost-from-the-reformed-broker-blog-2\/","url_meta":{"origin":6441,"position":3},"title":"Repost from the Reformed Broker blog","author":"wd0ajg","date":"September 22, 2010","format":false,"excerpt":"My Note: Holy Cripes... what else can I say? People are really fed up and the last time there was a movement like this (during my generation) there were riots in the streets - think late 60's and 70's. My generation may be getting ready to make another \"BIG MOVE\"\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.thereformedbroker.com\/wp-content\/uploads\/2010\/09\/congressional-job-approval.gif?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.thereformedbroker.com\/wp-content\/uploads\/2010\/09\/congressional-job-approval.gif?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.thereformedbroker.com\/wp-content\/uploads\/2010\/09\/congressional-job-approval.gif?resize=525%2C300 1.5x"},"classes":[]},{"id":5220,"url":"https:\/\/www.ishmaels.net\/blog\/2011\/03\/08\/how-to-stop-the-end-of-america-a-few-secrets-from-warren-buffett-the-project-to-restore-america\/","url_meta":{"origin":6441,"position":4},"title":"A few secrets from Warren Buffett\u2026 The Project to Restore America \u2026","author":"wd0ajg","date":"March 8, 2011","format":false,"excerpt":"These are some selected excerpts from the The S&A Digest\u00a0 You do have to sign up for it but some of the letters are free, although they will not give much in them but hints.\u00a0 I have found that a lot of the \u201csales\u201d focused letters give enough hints that\u2026","rel":"","context":"In \"BBS\"","block_context":{"text":"BBS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/bbs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.stansberryresearch.com\/secure\/images\/icon.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":358,"url":"https:\/\/www.ishmaels.net\/blog\/2010\/04\/10\/interesting-and-believable\/","url_meta":{"origin":6441,"position":5},"title":"Interesting and Believable","author":"wd0ajg","date":"April 10, 2010","format":false,"excerpt":"\"when you seize opportunity and work hard to exploit it, luck comes naturally\" Not my comment but found in reading - Good Huh? Another one? not sure on this how it plays out... 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