Here’s what Warren says about ‘class warfare. Here’s Talking Point Memo with the transcript…
In a video of a recent Warren appearance, posted online by an individual who says he or she is not affiliated with the campaign, Warren answered the charge. “I hear all this, you know, ‘Well, this is class warfare, this is whatever,’” Warren said. “No. There is nobody in this country who got rich on his own — nobody.
“You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did.
Wait! Elizabeth Warren really nailed the rich here. Obviously, in a non-class warfare-y way.
The rich are ripping us off! They are getting away with free roads, police and fire protection! The rest of us – i.e. the not rich – are paying for these bozos, when all THEY did was build successful companies!
It made me wonder how much the rich DO pay,…
Here’s a look at individual tax rates and shares by income in 2007, the most recent data available from the Internal Revenue Service:
- The top 1 percent: Americans who earned an adjusted gross income of $410,096 or more accounted for 22.8 percent of all wages. But they paid 40.4 percent of total reported income taxes, an increase from 39.9 percent in 2006, according to the IRS.
- The top 5 percent: Americans who earned $160,041 or more accounted for 37.4 percent of all wages in 2007. But they paid 60.6 percent of the country’s total reported income taxes, up from 60.1 percent a year earlier.
- The top 10 percent: Americans who earned at least $113,018 paid 71.2 percent of the nation’s income taxes, up from 70.8 percent a year earlier.
- The top 25 percent: Americans who earned at least $66,532 paid 86.6 percent of the nation’s income taxes, up from 86.3 percent a year earlier.
- The top 50 percent: Americans who earned at least $32,879 paid 97.1 percent of the nation’s income taxes, up from 97 percent a year earlier.
- The bottom 50 percent: Americans who earned less than $32,879 paid 2.9 percent of the nation’s income taxes, down from 3 percent a year earlier.
I don’t think Warren really wants FAIR taxation. That would mean the poor need to chip in a lot more…you know, for the rest of us.