Quote:
Originally Posted by zimmy
You are also very humble  I said a return to the tax rates on the wealthy of Reagan, Clinton, or Bush 1 for that matter would affect the YEARLY DEFICITS I guess supporting the tax policies of each of the last presidents except GWB makes me a Marxist. . Actual taxes paid by the wealthy has declined since 1995. |
which one?
1981 = 69.25
1984= 50
1987= 38.5
1988= 29.75
1990= 32.45
1991= 34
1992= 35.8
1993= 36.9
1999= 39.6
2002= 38.6
2011= 35
and which set of tax rules do you want to apply to your new rate?
in 1999 the top 1% paid 36.18% and the top 10% paid 66.45% of all Federal personal income taxes
in 2009 the top 1% paid 36.73% and the top 10% paid 70.47% of all Federal personal income taxes ... source IRS
in a little state teetering on the edge of doom with a left of democrat governor and a democrat treasurer we cannot take even modest steps to address the spending because the people who actually run the state will not stand for it
RI unions say pension problem overstated
By David Klepper
Associated Press / October 27, 2011 PROVIDENCE, R.I.—Rhode Island labor unions that are fighting a proposed public pension overhaul
accused state Treasurer Gina Raimondo on Thursday of overstating the problem to justify extreme changes.
Their remarks came during a third day of legislative hearings on a proposal by Raimondo and Gov. Lincoln Chafee and a day after hundreds of supporters and opponents of the legislation filled the Statehouse to weigh in on the bill.
Paul Valletta of the State Association of Firefighters said
Raimondo "cooked the books" with actuarial assumptions and conservative market projections that exaggerate the pension system's problems. He accused her of supporting "draconian" changes to the retirement system to raise her political profile.
"She created this problem and now she's riding in on a white horse," Valletta said.
Raimondo, a Democrat, insists that rising pension costs could cripple governments and force tax hikes or budget cuts. The
state's unfunded pension liability stands at $7 billion, and the state's pension costs are set to double next year to over $600 million. The state retirement system covers 66,000 public teachers, state and municipal workers, police, firefighters and judges.