Liberals won't be talking about this, I'll wager. Having ones' lies exposed for what they are is not popular chit-chat for around the water cooler.
Taxman Targets NYC Areas With Top IRS Levies
By Frank Bass - Nov 22, 2011 12:00 AM ET
Bloomberg.com
New York is where the 1 percent live -- and they have the tax returns to prove it. Nine of the 10 most heavily taxed neighborhoods in the U.S. are in the city’s metropolitan area, Internal Revenue Service data show.
The nine neighborhoods, which range from Manhattan to Fairfield County, Connecticut, accounted for 0.2 percent of all federal income-tax filers in 2008, the latest year for which data are available, according to IRS statistics compiled by Bloomberg. They paid 1.6 percent of all individual income taxes, eight times their proportionate share of the filing population.
The $16.5 billion paid in the nine zip codes would be enough to buy a controlling interest in General Motors Co. (GM) or match the combined economies of the Bahamas, Fiji and Tajikistan. The disproportionate amount also counters arguments by anti-Wall Street protesters who claim to represent “99 percent” of Americans and say the rich should be taxed more, said Mitchell L. Moss, an urban policy professor at New York University’s Wagner School.
“We’re subsidizing the slackers in the rest of the country,” Moss said. “This is the most productive part of the United States of America, in terms of taxes paid.”
Full story: http://www.bloomberg.com/news/2011-11-22/taxman-preoccupies-wall-street-to-upper-east-side-in-irs-levies.html
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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