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Old 10-30-2015, 12:06 PM
 
66,324 posts, read 30,202,952 times
Reputation: 8622

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Quote:
Originally Posted by RunD1987 View Post
It's idea's from Jill Stein who think a Bernie/Stein combo be a dangerous combo. Like Bernie said would take away votes from the Democrats and allow the Republicans to win. In this case if Hilary was elected I am okay with that, ha.
So does that mean the top 1% would pay the same 7.2% average effective federal individual income tax rate the middle class pays? After all, your stated goal is to have them both pay similar tax rates, no?

 
Old 10-30-2015, 12:23 PM
 
66,324 posts, read 30,202,952 times
Reputation: 8622
Quote:
Originally Posted by dsjj251 View Post
Your links dont actually say a greater burden is given to those on the lower end than on the higher end.
That's what a regressive taxation designation is. If you do not understand it, I suggest you contact the research authors with your questions.

Quote:
In the US, the top 20% pay about 70% of taxes because they also have about that much of the income
No.

Here's the breakdown so we can see what's going on...

Top 0.1% earns 11.25% of the income but pays 18.6% of the federal income tax revenue
Top 1% (which includes top 0.1%) earns 21.9% of the income but pays 38.1% of the federal income tax revenue
Top 1-5% earns 15% of the income but pays 20.9% of the federal income tax revenue
Top 5-10% earns 11% of the income but pays 11.2% of the federal income tax revenue

The top 5-10% is the break even point. That's the only income group whose share of the income matches the share of the federal income tax revenue they pay. Everyone above that pays too much. Everyone below that pays too little.

The top 10-25% earns 21.4% of the income but pays 16.3% of the federal income tax revenue
The top 25-50% earns 19.6% of the income but pays 10.8% of the federal income tax revenue

Summary of Latest IRS Federal Income Tax Data

Quote:
where as in Europe that isnt true. the top 20% only pay about 40% of the taxes because they only have about 50% of the wealth.
How do you know? They have no FATCA law so it's perfectly legal for them to hide wealth, income, profits, and gains in foreign accounts so that they're completely tax-free.

That's exactly how Ingvar Kamprad (Swedish citizen, IKEA founder) was able to avoid billions in taxes, and that's why this is just a very small glimpse of what's going on with rich Scandinavians/Europeans legally avoiding taxes:

The 'who's who' of European tax havens
 
Old 10-30-2015, 12:39 PM
 
44,474 posts, read 17,762,937 times
Reputation: 18706
Bernie's going to pull a John Anderson, a Joe Lieberman.

Back to the topic at hand. Bernie has said he won't do this. But with that said, I see no point for him to maintain a campaign. He won't be nominated. The DNC process is fully committed to nominating Hillary Clinton.

Hillary Clinton already has 500 Super Delegates pledged to her even though there has yet to be any primaries or caucuses held. Bernie has none.
 
Old 10-30-2015, 04:30 PM
 
8,690 posts, read 4,675,149 times
Reputation: 2011
Quote:
Originally Posted by InformedConsent View Post
So does that mean the top 1% would pay the same 7.2% average effective federal individual income tax rate the middle class pays? After all, your stated goal is to have them both pay similar tax rates, no?
Think from what Stein was saying share the burden. So percentage rate of income deducted yearly is deducted yearly from those with higher incomes. Example 3.5% of income deducted yearly from every person. So $142,000 would be deducted from a person making $500,000 a year.
 
Old 10-30-2015, 04:42 PM
 
66,324 posts, read 30,202,952 times
Reputation: 8622
Quote:
Originally Posted by RunD1987 View Post
Think from what Stein was saying share the burden. So percentage rate of income deducted yearly is deducted yearly from those with higher incomes. Example 3.5% of income deducted yearly from every person. So $142,000 would be deducted from a person making $500,000 a year.
If you're talking about a flat tax applied to all or most, I agree. That's pretty much what Scandinavian countries do by taxing the middle class at the top marginal income tax rate, instead of how the U.S. only taxes the top 1% at the top marginal income tax rate.
 
Old 10-30-2015, 05:26 PM
 
Location: Florida
22,135 posts, read 9,408,522 times
Reputation: 18063
Bernie is not going to go rogue and risk allowing a republican to win. He is not Perot, Nader or Lieberman. He cares more about the country than his own ego.
 
Old 10-30-2015, 08:08 PM
 
Location: Jacksonville, FL
11,145 posts, read 14,079,369 times
Reputation: 7074
Quote:
Originally Posted by WaldoKitty View Post
Bernie's going to pull a John Anderson, a Joe Lieberman.

Back to the topic at hand. Bernie has said he won't do this. But with that said, I see no point for him to maintain a campaign. He won't be nominated. The DNC process is fully committed to nominating Hillary Clinton.

Hillary Clinton already has 500 Super Delegates pledged to her even though there has yet to be any primaries or caucuses held. Bernie has none.
I believe that's how it was when Hillary was running in 2007 as well. But then look what happened.

All in all, I do believe that the nominee will be Hillary, but Bernie is not going to go third party.
 
Old 10-30-2015, 08:30 PM
 
12,639 posts, read 7,298,359 times
Reputation: 7449
Quote:
Originally Posted by nep321 View Post
I believe that's how it was when Hillary was running in 2007 as well. But then look what happened.

All in all, I do believe that the nominee will be Hillary, but Bernie is not going to go third party.
Yes, she will be a two time loser after the general.
 
Old 10-30-2015, 08:46 PM
 
16,709 posts, read 9,077,007 times
Reputation: 6758
Quote:
Originally Posted by DC at the Ridge View Post
I don't think Sanders ever got in the race to win the nomination or the Presidency. I think he got in because he wanted to draw Secretary Clinton out on her positions, possibly move her to the left on some of those positions. The last thing he wants is to split the Democrat vote, and end up with the country having a Republican President. He wants the candidate furthest to the left to win, not only because that's more in line with his own political positions, but also because it's likely that the Supreme Court will have at least one opening in the next four years, and it's in a delicate balance right now.
Democrats didn't hold Obama to the fire for all of the easy to fulfill broken promises that he made.

I doubt they will hold Hillary to what she says on the campaign trail once president either.
 
Old 10-30-2015, 08:46 PM
 
Location: US
17,885 posts, read 17,752,450 times
Reputation: 13889
He has said it multiple times he will not run a third party because it would give the election to the GOP
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