when the dust clears

Words about and images of matters political, social, and military

Neil Cavuto Takes Fox News to the NYC Street

with 2 comments

They report, you decide:

Neil Cavuto on taxes: “Time and again, when things are broke, we rely on the rich to fix them. Never mind that the rich pay the most in taxes, or that they pay more in taxes as a group ‘after’ the Bush tax cuts than they did ‘before’ the Bush tax cuts.

“They’ve got it, so they better give it.

“And never mind the fact the top 1 percent in this country pay a third of the taxes in this country. Or that the top 5 percent pay more than half.”

David Cay Johnston, Association of Alternative Newsmedia on taxes: “The Internet is awash with statements that the top 1 percent pays, depending on the year, 38 percent or more than 40 percent of taxes.

“It’s true that the top 1 percent of wage earners paid 38 percent of the federal income taxes in 2008 (the most recent year for which data is available). But people forget that the income tax is less than half of federal taxes and only one-fifth of taxes at all levels of government.

“Social Security, Medicare and unemployment insurance taxes (known as payroll taxes) are paid mostly by the bottom 90 percent of wage earners. That’s because, once you reach $106,800 of income, you pay no more for Social Security, though the much smaller Medicare tax applies to all wages. Warren Buffett pays the exact same amount of Social Security taxes as someone who earns $106,800.”

:

Producer cues Cavuto, September 2, 2011

Neil Cavuto, senior vice president of Business News and host of “Your World With Neil Cavuto,” goes live on 6th Avenue, September 2, 2011
Man in street corner audience yells into cameras during Cavuto live, something about “going undercover” and “motherfuckers”, September 2, 2011

 

Live camera for “Your World With Neil Cavuto” floats over passersby on 6th Avenue, September, 2, 2011
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Written by bxpnyc

2011/09/03 at 11:28

2 Responses

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  1. Is there a video of this entire show anywhere?

    Shawn

    2011/09/05 at 00:50


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