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Another Cool Carp on the Fly Video…
Posted on February 11th, 2012 No comments…to help us all get through the winter!
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How to Fly Fish for Carp Video
Posted on February 11th, 2012 No commentsFrom experience, I can tell you that catching a carp on the fly is one of the most difficult things you can attempt when fishing. Here is a great video from Barry Reynolds with many fantastic tips on how to fly fish for carp. Enjoy!
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Do The Rich Pay Their Fair Share?
Posted on February 10th, 2012 No commentsAccording to all the latest media headlines, the rich in the United States need to be taxed more because they pay a lower tax rate than their secretaries. Is this really true?
Well, here are the facts based on the latest data I could find from the 2009 Federal Individual Income Tax Data provided by the IRS. The average tax rate for all taxpayers is 11.06%. The Top 1% is 24.01%. The top 5% is 20.46%. The top 10% is 18.05%. The top 25% is 14.68%. The top 50% is 12.5%. The bottom 50% is 1.85%. Are you starting to see a pattern here? According to actual, real data, the rich are paying a much higher percentage of taxes than all other income groups. In fact, the top 25% income earners paid 87.3% of our total tax bill in 2009! Why doesn’t the media tell us that?
As posted on: http://www.taxfoundation.org/taxdata/show/27235.html
Summary of 2009 Federal Individual Income Tax Data
Summary of Federal Income Tax Data, 2009
Number of Returns with Positive AGI AGI ($ millions) Income Taxes Paid ($ millions) Group’s Share of Total AGI Group’s Share of Income Taxes Income Split Point Average Tax Rate All Taxpayers 137,982,203 $7,825,389 $865,863 100.0% 100.0% - 11.06% Top 1% 1,379,822 $1,324,572 $318,043 16.9% 36.7% $343,927 24.01% 1-5% 5,519,288 $1,157,918 $189,864 14.8% 22.0% 16.40% Top 5% 6,899,110 $2,482,490 $507,907 31.7% 58.7% $154,643 20.46% 5-10% 6,899,110 $897,241 $102,249 11.5% 11.8% 11.40% Top 10% 13,798,220 $3,379,731 $610,156 43.2% 70.5% $112,124.00 18.05% 10-25% 20,697,331 $1,770,140 $145,747 22.6% 17.0% 8.23% Top 25% 34,495,551 $5,149,871 $755,903 65.8% 87.3% $66,193.00 14.68% 25-50% 34,495,551 $1,620,303 $90,449 20.7% 11.0% 5.58% Top 50% 68,991,102 $6,770,174 $846,352 86.5% 97.7% > $32,396 12.50% Bottom 50% 68,991,102 $1,055,215 $19,511 13.5% 2.3% < $32,396 1.85% Source: Internal Revenue Service -
Bush Tax Cuts – Percentage of Tax Liability by Income
Posted on February 1st, 2012 No commentsThe media has everyone fooled. The rich did receive a tax break under the Bush tax plan, as did everyone else, but to see the complete picture, one needs to dig further into the numbers and look at the percentage of tax liability shared by each income group. The following chart clearly shows that those in the higher income brackets are currently paying a higher share of the tax burden than before the Bush tax cuts.
Sure the top 20% income earners received a nice tax break. They make most of the money. But, what many fail to realize is their share of tax liability rose from 78.7% before the Bush tax plan to 81% under the Bush tax plan. So, the top 20% income earners now pay 81% of the total tax bill.
http://www.taxfoundation.org/news/show/323.html
Before Bush Tax CutsAfter Bush Tax CutsShare of Tax LiabilityTax Reduction for 2004Share of Tax LiabilityShare of Tax CutsBottom 20%, $0 to $14,415 0.50%$1,976,256,5110.30%1.20%Second 20%, $14,415 to $25,499 2.30%$7,177,358,8341.90%4.20%Third 20%, $25,500 to $41,640 5.90%$15,905,120,4955.20%9.40%Fourth 20%, $41,641 to $68,295 12.60%$29,559,373,14411.60%17.50%Top 20%, $68,296 and above 78.70%$114,633,332,72481.00%67.70%Total Tax Liability for all taxpayers 100.00%$169,251,441,709100.00%100.00%Top 20% Top 20%First Half of top 10%, $68,296 to $97,685 11.90%$26,272,937,25411.20%15.50%Second Half of Top 10%, $97,685 to $136,162 10.80%$18,560,111,50210.80%11.00%Top 20-5%, $68,296 to $136,162 22.80%$44,833,048,75622.00%26.50%Top 5-1%, $136,163 to $335,474 18.90%$25,482,868,09919.70%15.10%Top 1%, $335,475 and above 37.10%$44,317,415,86939.30%26.20%Total Tax Liability for Top 20% of Taxpayers 78.70%$114,633,332,72481.00%67.70%Source: Tax Foundation Individual Tax Model
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Started 2012 With a Bang!
Posted on January 1st, 2012 No commentsKyle and I ventured out this morning to attempt to catch a few New Year’s carp to start our fishing adventures for 2012. We had a little car trouble as we were getting to our fishing hole, but we were able to continue on and made it OK.
1st Carp of 2012! Missing a piece of its tail fin.
It didn’t take long for me to land my first carp of 2012. Shortly after that, I had another. Then Kyle landed his first carp, while I landed yet another at the same time. Our first double of 2012!
Kyle's 1st and 1st Double of 2012! Kyle's was missing a piece of its gill plate.
Last of the day. Nice 'muddler' carp pattern.
We had constant action all morning. We landed over 14 carp within the 3 1/2 hours we fished. The carp were small, but still fun to catch. Happy New Year! – Eric
eCabbage.com
"Rivers and the inhabitants of the watery elements are made for wise men to contemplate and for fools to pass by without consideration." – Izaac Walton
About me
I am an avid catch and release fisherman. This blog is primarily about fishing but also contains random thoughts about other topics as well. Above is a picture of me holding a 35lb 11oz common carp I caught and released in 2009. It was the largest carp caught in Pennsylvania in 2009. I hope you enjoy the content!
