everything their taxes now uh... and uh... i want to give you some
devastating numbers on uh... how the rich are paying less and less taxes
uh... throughout
of the different years national prison once i was
nineteen ninety two to two thousand seven are well below four hundred
highest uh... incomes in the country does
four hundred uh...
biggest taxpayers while they should be the biggest tax payers and i'm sure they
are their aborigine graham has gone on forever ninety two percent of the right
big chunk of time in a doing fantastic
but you see right there they're average tax rate
uh... has gone down thirty seven percent
so other income has quadrupled
their tax rates have gone down
wife is of course they're political power and that's how it works
baby has found a way to yellow that's in their bush tax cuts that just got
renewed in twenty ten
i remember
that was renewed under though obama administration
uh... for a compromise are that we hear about
let me show you a trucker who that benefited overall
so that's kinda hard reset button twenty percent did
almost no benefits from those tax cuts
uh... and then you see a four forty percent third twenty percent of several
was on the almost all the almost all the info yet
the top one percent
the very last bar you're looking at the one that's through the roof
is just for the top
point one percent
and they got on average
annual tax savings
of one hundred and forty six
thousand dollars
like apples highlight them out because while the top one percent wall goes out
both
but give me more give him all art
roboblogger democrats or does it matter i get paid either way
oftentimes you hear are people like john corn and go on television it's problem
in uh... senator from texas
said all you know i got a poor are paying out a video bottom voices percent
don't pay at the idea and all i can fax
now of course what he just let them they're struggling companies with a
major seem like
they're getting a free ride
and they don't pay me that's not true
because you'll subspace state local taxes payroll taxes uh... and sales tax
as well so when you
uh... put that into the equation here's what the results
and it's a mixed bag with this
so the bomb twenty percent actually does pay taxes about three point eight
percent
but then the bottom twenty percent they can't afford very much
uh... then you get into nine point nine percent for the
but for twenty percent any you see the numbers using interesting thing
one percent
pain about the same as the second twenty percent
the top twenty percent paid more than the top one percent
so why does that go back down
well it goes back down because
it's the first of all of the sales tax payroll taxes so as a much
smaller percentage of their income msn would very very important cavaliers and
evidence
so if you have a ton of money invested in the stock market he had capital gains
are dividends in return
our taxes in about fifteen percent
so that's a much less than average taxpayer
so well there you have been that's why they pay lots so when you look at the
overall picture everybody pays taxes
and without one percent actually
oh do not have a parece of tax structure
references that structure is
the more you make the higher percentage of your income resposta pet
we've now stop that because the rich have captured the system
so they're now paying less than even some people making less than that
invade me he's seen everywhere lesson
butted hitting the rich are paying less wait till you get a lot of corporations
so one of my favorite chart spoke all-time okay so get ready
so this shows you poor protects is payroll taxes and the individual income
tax
and this is uh... from nineteen fifty two two thousand i saw a big stretch of
time
so the very top as your individual income tax and that's remained
relatively stable throughout those years
the big redline going way way way down is corporate taxes
their there i had a great line or way way way up
is payroll taxes
uh... payroll taxes are paid by of course you are not everybody that earns
a wage we pay the payroll tax
so issue of corporate america did to you
they shifted all the taxes onto you
so they pay less and you pay more
so corporations pay less as a percentage the top one percent pays less as a
percentage guess who pays more you've got eight yahoo
mckay in fact
it's a great uh... report done by martin sold at tax dot com
he compared someone who would be mean one point two million dollars in new
york
and one of the fancy high-rise is too big
a guy who would be basically a janitor at that same hira
to guide the gender-based thirty three thousand dollars guy like i said at is a
one point two million who's living in that building
you know what happens
under the new york array set applying because of kelberg incidences setup
the janitor pace twenty four point nine percent so about twenty five percent in
taxes
the millionaire paste fourteen point seven percent
so less than fifteen percent in taxes
so who's getting screwed here
and who's getting a veteran unsurprisingly
the guys to give a time audio politicians
of the ones that pay less taxes and you know what
for them is a good investment you give money to a politician and they give you
hundreds of thousand dollars in tax breaks
for some of these guys in the is a balance in tax breaks