advertisement

The world-famous Internet site of the Nationally Syndicated Neal Boortz Show!

Search Boortz.com
Enter search terms:
Browse Boortz.com
Today's Nuze

THE BOORTZ CAVEAT

While listening to The Neal Boortz show or reading Nealz Nuze there is a strong likelihood that you will hear or read material that is critical of Barack Obama or the liberal agenda.  In keeping with the dictates of political correctness it is hereby acknowledged that any critical comments by Neal Boortz, a white guy, of Barack Obama, a black guy; or any comments critical of the Democrat agenda, is, by default, hate speech.

THOSE RICH PEOPLE DON'T PAY TAXES

By
Neal Boortz
@ December 10, 2008 8:17 AM
Permalink | Comments (28) | TrackBacks (0)

I'm hearing this more and more often these days. The ever-present wealth envy has settled (for the time being) on the idea that evil, nasty, putrid, scummy, disgusting, horrible, noxious rich people just don't pay taxes, and it's about time someone come along and make them pony up. I've already read for you several emails from people complaining that they know for an absolute fact that rich people are rich because they don't pay their taxes ... and they know this because they know a CPA somewhere and their CPA friend told them so.

Just a question: If the evil rich aren't paying their taxes, then just how is it that the Imperial Federal Government is collecting about 40% of all income taxes paid from the top 1% of income earners? Somebody 'splain that to me please.

Categories:



0 TrackBacks

Listed below are links to blogs that reference this entry: THOSE RICH PEOPLE DON'T PAY TAXES.

TrackBack URL for this entry: http://boortz.com/blogging/mt-tb.cgi/15057

Jamie Dupree's Blog

If you enjoy Neal's daily chat with Jamie Dupree, you'll love Jamie's Blog! Check it out for analysis of the campaigns and goings on in Washington D.C.

Belinda Skelton, Cristina Gonzalez and Laura Nunemaker assist in the daily preparation of Nealz Nuze!


Avg. rating: N/A

What others are saying

  • Taxes
    I made $5.7 million in 2007 and paid about $1.85 million in taxes (about 32%). I can assure you Charles, the rich pay taxes. BTW - most of the remaining $4 mil went back to fund the increase in size of our business. We have created several hundred jobs. We could and would create more if the gov't didn't decide they can better spend the money. Your "rich don't pay their fair share" argument would change if only one thing happen - that thing being, if YOU were rich. Then I can aussure you, your mind would change. Wake up.
  • socialist, charity does not come at the end of a gun
    Your comments indicate you think paying taxes is charity. Charity is giving out of the goodness of your heart. Taxes are taken from you by threat of force. You can choose to be selfish and not give to charity, but try choosing to not pay your taxes. Then you'll understand the difference.
  • we are all sinners
    socialist, please read Anyone's post right before yours. I don't think I could possibly find a better example for you to think about. Is every rich person greedy? Are they all evil? I may have misinterpreted you, but by your standard I feel that you think Anyone's friend is going to hell. I believe in a just God, so explain why that man would go to hell.
  • Thank God for the "rich".
    They give us jobs, pay the taxes which funds the government checks many of us receive each month and provide income goals for others to aspire to.
  • Bashing the rich online is a contradiction.
    I know it's mean and nasty to point out contradictions, but what the heck.

    If you are online and bashing the rich and the "greedy", you are using something that exists only because of the rich and "greedy". The internet you now use was built by the very people you hate. To use it means you are a hypocrite.
    If the rich people are so bad, why do you use their products?
  • A modest proposal
    Ok, so since the "rich" don't pay their fair share of taxes, perhaps they could do a little forward thinking like American businesses have done prior to Obama assuming power.

    People, I don't know too many "rich" that really "need" their income, so why not live off what you have for a couple of years? Take some time off, earn very little if any income, and REALLY screw up the Fed. I know you would see a collapse very,very fast.

    Working hard to make money sure seems like a way to become evil according to the Libs, why not make them happy?

    Geeze, perhaps I should have run for President.
  • Rich man!
    I am still waiting on that rich man riding that camel to go thru the eye of that biblical needle! It is so funny to hear the right wing worshippers at the Neal Boortz alter of "greed, avarice" think they can take it with them into that after life, guess they will try to ride that old biblical camel right thru that eye of that needle, but I am not going to ride with them, since I am not thinking it will work to well for them! The right wing can ride that camel all alone!
  • I know a guy...
    I know a guy who pays $750,000 a year in taxes. He also helps support his entire extended family and most of the church, when people don't have work they come to him for a job. He tries to give people work and pays them well to help them out. I really don't think that paying $750,000 a year in taxes constitutes the rich not paying any taxes...
  • The Golden Rule
    We must never forget that "He who has the gold, rules." When we, the productive tax paying citizens, have been reduced by the democrats to less than 50% of the voting public, there needs to arise a grass roots movement to plan another tea party. That is truly the American way of dealing with taxation without representation.
  • Charles, look at this site
    The Tax Foundation clearly summarizes IRS data every year, they have tons of this analysis, almost entirely without commentary and loaded with numbers. Look at the *numbers*.

    http://www.taxfoundation.org/taxdata/show/250.html

    Visit any of the other "data" pages on the site for more perspective.
  • Taxes
    I see that there are a lot of libs on this site talking about how businesses do not pay taxes, they just pass them onto the consumer. So let me get this straight. They are not paying any taxes at all and passing the cost onto the consumer. Of course all the dems want to do is increase taxes on the rich. Doesn't this cause more of the business's tax burden back on the consumer? I love Democrats.
  • Charles is wrong
    The topic is income taxes, don't try to deflect by including the regressive payroll taxes (which are your "contribution" to SS and Medicare funding).

    Strictly in income taxes the top 1% pay 39.89% of all income taxes, while earning 22.06% of AGI. Their average tax rate is 22.79%.

    The bottom 50% of tax filers pay 2.99% of income taxes collected, earn 12.51% of AGI, and pay average effective income tax rate of 3.01%.
  • Taxes!
    Give to Caesar what is Caesar's, and give to what is God what is God's! I hear this quote often when the right wing loves its governments policies, one might say they need to do what they preach in their compassionate, conservative, fiscal responsible, right wing prosperity christianity! I see the modern Pharisee's in Republican idealogoy, theories! Greed, avarice, being rich is good! Being poor, kind, believing in equality, bad! I have no delusions of which side of issue Jesus would be on, but then that is why on judgment day a special class of the doomed, sinners exist the "blind biblical goats' whom ignored the poor, hungry, naked those sick and in prison, and for this Jesus will not know them, and God will not look upon them, of course those this biblical passage speaks of, will never admit it in life, but will be forced in the after life to accept it as they go to their destination which will be richly deserved!
  • Tax Burden
    What people like Charles and Hugo's Ghost aren't getting is that taxation is more than that line on your paystub. Every April we file taxes. Every worker has taxes taken out of their paycheck...well most everyone. If you claim 8 on your W-2, you will have little to none taken from your paycheck in Federal taxes. Then come filing time, some of these people who have children end up getting more in a refund that was deducted from their paychecks. I have this discussion everytime I hear someone I work with complain about the rich not paying their fair share. I ask them, "How much in Federal taxes was taken from your paycheck last year?" Answer: "$2,500." "OK, what kind of a refund did you get?" Answer: "With the earned income cedit I got back $5,000." OK, now who didn't pay their fair share? These same people who complain about the rich not paying their fair share not only do not pay one red cent in net taxes paid, they actually get more back in a refund than was deducted from their paychecks. Then I ask them care to guess where that refund came from? I usually raise my hand because I'm usually lucky to get back 25% of my deducted taxes. Before I bought a house I usually found myself paying more in every year.
  • Who Pays Taxes
    Someone said that no one is talking about how much the top percentile of earners make just how much they pay in taxes. Here is the deal: "In 2006, the top 1 percent of tax returns paid 39.9 percent of all federal individual income taxes and earned 22.1 percent of adjusted gross income, both of which are significantly higher than 2004 when the top 1 percent earned 19 percent of adjusted gross income (AGI) and paid 36.9 percent of federal individual income taxes."
  • fair share
    the government spent 2.73 trillion in 2007. divide by 300 million population equals $9,100 per person. if anyone did not pay this amount in taxes last April they did not pay their "fair share". a family of four owed $36,400. if you did not pay taxes you should be on your knees thanking God for the people you are leaching off of.
  • Ghost, I am sending you a crying towel for Christmas. You are obvioously one of those who, as Dick Gephardt said, didn't "win life's lottery."

    For your inofrmation, Neal has always reported what percentage of the income the top 1% - er, in your case, the eeeeeeeeeeeeeeevil top 1% - earn and that would be around 19-20% of the total income.

    I am nowhere near the top 1%, but I will fight their over-taxation until the day I die... or until the FairTax is enacted.

    Charles, where did you get your asinine figures, the Huffington Post or Daily Kos? Or maybe it was that honest and trustworthy DemocraticUnderground.com.

    Boko, so according to your claims the rich just pass on their taxes to the consumers. Okay, please tell me how Tiger Woods or A-Rod do that?

    All of these "problems" - nay, complaints - will disappear with the FairTax.

    P.S. Charles, please for the love og all that is good, stop trying to become wealthy. Your hatred for the rich will not dissipate, and we would hate to see you off yourself because of self-loathing.
  • rich/taxes
    Hey Charles, my wife made $450,000 and paid $165,000 in Federal Income Tax alone,(36%). Now I ask you Charles, what services did she recieve from the Feds that the average joe also recieved. I'll tell you, none. besides that she helped two kids thru school in which she did not get any tax breaks for. It is time for the Fair Tax, the wealthy will still pay more because they consume more, but it will be voluntary.
  • Question for Charles
    While I like your well thought reasoning for the percentages and breakdown of the Top 1%, there is, however, one mistake.. We are still referring only to the "Top 1%", now lets move that percentage slider out to say the Top 10%, please reply to this when you have done the math and you will find that your middle class and lower class hardly pay anywhere, matter of fact, not even in the same universe as what you previously stated. Btw, I am not rich, I am by definition, poor. I am also happy with my lot in life and do not live outside my means.
  • Who's paying how much as a percent of AGI
    According to the IRS, the folks with the highest adjusted gross income pay the highest tax as a percentage of adjusted gross income.

    According to the IRS's statistics for tax year 2006, the "rich" individuals forked over approximately 30% of AGI in tax, the "middle class" forked over 18% of AGI in tax and the bottom 40% of taxpayers forked over "zippity-doo-dah".

    Why is it 40% of taxpayers got a free ride?

    Why can't I be rich and fork over 30% of my AGI annually?
  • Congress made it that way
    It always chokes me up whenever somebody complains that the rich are only paying 15% on capitol gains, or there is this loophole or that loophole. Get over it. The Congress has determined that it is beneficial to the country to reward certain activities, such as investing, so the gains on those investments are taxed at a lower rate. Don't like it? Eliminate the tax code that allows such things and support the Fair Tax.

    Also, (I know this is OT, but relevant) this business about the disparity between the haves and have-nots: Have you considered the introduction of 12 million 'undocumented persons' who drive down wages? Imagine the effect on wages if employers had to pay the wage that Americans would work for.
  • The tax burden, for Hugo's Ghost
    IRS data shows that in 1980, the top 1% earned 8.5% of all adjusted gross income but paid 19% of all taxes. By 2006, that same group's share of AGI had risen to 22%, but its share of taxes had soared to 40%. That is, their tax bill rose faster than their income share. Incomes for the poorest one-fifth of all earners have grown on average 3.9% a year since 1994. Meanwhile, those in the middle three-fifths of incomes — broadly speaking, the middle class — have grown by 3.4% to 3.6% a year.
  • Fair Tax?
    I believe that this entire argument could be resolved with the application of the Fair Tax. It seems to me that even the liberals on this site agree that the rich would be paying their "Fair Share" when they pay for all those very expensive toys. They wouldn't be able to get around it, they wouldn't be able to PAY someone to get them around it. In addition, the release of the tax burden from the average Joe would enable them to save more and possibly even become rich themselves!!

    If we end up enacting some form of temporary release on our income tax for a stimulus package, we may well see the pre-development of the implementation for the Fair Tax somewhere down the road.

    Now how freaking cool would that be?!?!
  • Rich People / Taxes
    It is true that 40% or more of tax revenues come from those who could be categorized as "rich". However, the disparity lies in the fact that much of their income is taxed at significantly lower rates (for example, 15% for capital gains on investments). Or, their tax burdens are otherwise offset or mitigated by tax credits and other mechanisms (for example, credits towards interest on loans, charitable contributions, et. all). So while it is true that the wealthy pay the majority of the taxes in the United States, the percentage of income to taxes paid by the remaining tax base (i.e., the "middle class") is double (30%) or even TRIPLE (45%).

    Finally, the amount of tax revenues collected by the IRS have increased annually, which at face value would seem to indicate that the very wealthy are paying more taxes. The insideous fact is, is that the sheer amount of capital and wealth being funneled up into the highest tiers of society has reached the point that those carrying the least tax burden are at the same time those paying the most in taxes overall.

    I don't hate the wealthy-I work hard every day with the goal of becoming wealthy. But the disparity between the economic burden carried by the most privileged compared to the poorest hasn't been this wide at any other point in time, in any other civilization, in the entirety of human history. Even in the end days of Rome the gap between Ceaser and the lowest citizen wasn't as wide (economically) as between a minimum wage earner in the United States and citizens in the upper 1%.
  • Who pays taxes
    In general, the rich do not pay taxes: they merely pass them along.

    The rich are rich because they do things others are willing to pay them for. Tax a producer and he passes the cost along as part of his service or stops providing the service.

    Only consumers pay taxes. As the rich are also the greatest consumers the rich pay the most taxes.

    Wait up, I seem to have gone around in a circle here. How might it be resolved. Let me see, let me see… Hum… How about a consumer tax?
  • Liberals hate stubborn facts
    You can shove facts down the throats of liberal socialists about who pays what in income taxes until the fat lady sings. Liberals are not wired to understand facts that do not jive with what they feel. What liberals feel is the truth is the truth to them, no matter if the earth is round. What a liberal will say in retaliation to said facts about income tax proportions paid is something like this: "Well their proportion of payroll taxes is lower relative to income" or my personal favorite when debating these mindless left wing liberals, "Well, they cheat on their taxes." Mindless idiots.
  • Taxes
    So how much do the top 1% earn, Neal? And what percentage of that do they pay in taxes? I notice you never bring that up when you are whining about how tough it is to be rich. Are you having to cut back? Do your listeners need to have a fundraiser for you so you won't starve? Maybe Royal and Belinda can give you some money since they obviously pay less in taxes than you do. Go ahead, ask them-I'm sure they'd love to help you out.
  • rich don't pay taxes
    I think people are getting the fact that businesses don't pay taxes and instead pass tax expenses onto the customer with the top wage earners paying income taxes.
send to a friend  view as printer-friendly  RSS feeds
advertisement
advertisement
advertisement