Go and tell my baby sister
Not to do what I have done
Go and spurn that house down in New Orleans
They call the Rising Sun
Also, pray tell, what percentage of the income do that top 10% make? Is it greater than, less than, or equal to the 70.5% of income taxes they pay?
However we don't use a flat rate we use a graduated system. So as you earn more, you pay more as well. So they pay more in income taxes than the percentage of America's income that they represent.
Edit: I guess this wasn't the answer you were expecting but if you doubt it then check http://taxfoundation.org/slideshow/p...as-tax-returns about 4 pages in. The citation is the IRS.
Last edited by Annapolis; 2013-01-21 at 10:21 PM.
It's a bit like the Indian versions of college books. Without the Americans paying shitloads for them, there wouldn't be any über cheap versions in India, because writing them wouldn't be worth it. They're just getting some pocket change on the side from India, because it doesn't really cost much to print more books. The cost and effort is in the writing.
---------- Post added 2013-01-21 at 11:39 PM ----------
"Im in the world for me and me only"
SOCIAL SECURITY TAX is a fixed summ of money that slightly varies depending on your Tax Bracket while INCOME TAX is a percentage of your income, and VALUE ADDED TAX (V.A.T) is a whole different beast. INCOME TAX and V.A.T are used to fund all other operations that do not fall into the category of SOCIAL SERVICES.
I'm currently living in Spain but before I have lived in Austria and France and this is the system used in those countries as well as in Spain. But I have also lived in places like Hungary and Romania and that is why I mentioned that countries that aren't as prosperous as for exemple Western Europe or the U.S benefit greatly from their Socialized healthcare systems as the vast majority of the population could not afford healthcare if their pricing system would emulate the U.S one, that for some reason spends astronomic amounts per capita on a system that has poorer dollar/quality return then half the world.
Some of us believe it's not fair that those of us who make good lifestyle choices (no smoking, no drinking, eating healthy, exercise, taking care of our bodies) should have to subsidize health insurance for those of us who do not. Your surgery may or may not have been the result of poor lifestyle choices, but it was clearly funded by the taxpayer. Other posters are saying "big deal? it only amounts to 1 cent per taxpayer", but how many of these operations occur daily? Monthly? Yearly? The pennies start to add up.
The Global Biomedical Industry: Preserving U.S. Leadership page 6.
Total US biomedical funding:
Private funding dominates public funding. JAMA is the peer-reviewd journal of AMA (American Medical Association).
Last edited by Diurdi; 2013-01-21 at 10:57 PM.
Besides which, there's plenty of medical research done outside of the US. For instance, the US was dragging its feet with regards to stem cell research for years. The reason there was so much pressure to lift those rules was precisely because big inroads were being made outside the US. The first cloned mammal was a sheep named Dolly, and that was done in Scotland. Is a lot of research also done in the US? Sure; it's a huge economy and there's a lot of research funding to be had. Is it the center of all medical research on the planet and necessary to the furthering of medical knowledge? Absolutely not.
---------- Post added 2013-01-21 at 11:43 PM ----------
well this is very untrue, contrary to popular belief. Social Security was at a surplus for a great many years, and was paying for overspending in other areas (military, gov programs, etc) while simply paying its own bills. As long as the US is in any sort of debt it actually would make us LOSE money by holing up the Social security money, which basically goes in the same pot as the rest of the revenue.I made a clear distinction betwen INCOME TAX and SOCIAL SECURITY TAX, those two are filed apart and are handled apart. One is used to pay for one thing the other for others. SOCIAL SECURITY TAX goes into Social Services which includes Healthcare and revenue from INCOME TAX is used for other things such as infrastructure, military expenses etc.