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i.e. If you're rich, you should be able to buy as many politicians as you like.
If you live in a free country, you should be able to spend your money on whatever you want.
I love how folks are shrieking about being able to "buy" politicians, yet letting the corrupt politicians are are allowing themselves to be "bought" off the hook.
I'm curious, do you count unions that those rich folk that are able to buy as many politicians as they like?
If the poor can afford booze, cigarettes and peep shows they can afford to pay taxes.
It's already been proven in this thread that the poster you responded to is woefully misinformed on various income groups' effective federal income tax rates.
Family money that the heirs did nothing to earn, which discredits the point I was addressing, that these people earned what they have.
Moreover, we see today that most of the top 0.1% are in the executive suite, which earns hundreds of times the AVERAGE worker (not the lowest worker). Nobody can show that these executives work hundreds of times harder than the average work.
Why normal people defend the privileged aristocracy is beyond me.
It does if you count working smarter, taking more risk, and MUCH more responsibility.
I defend them because it's a free country, built on the opportunity to earn great wealth. I defend them because I've never been hired by a poor person. I defend them because they pay most of the taxes that fund the non-taxpayers.
When people donate its of their own free will
When u determine that they are the fall guy for mr lazy spending habits it's a mugging
Something that flys well in the hood but not with we the people
All taxable income is included in the average effective federal income tax rate data: earned income, unearned income (e.g. propery income, pensions), short-term capital gains, long-term capital gains, etc.
For example, Schedule D, which one files with their annual tax return, is where one reports their realized capital gains or losses. That information is then factored into one's federal income tax liability.
Soooo does that include social security? I mean thats a federal tax right? what is it? 6.3% from you, and 6.3% from your employer who would otherwise pay it to you?
Thats a 12.6% tax rate...hmmmm....
Oh right, and it only applies to the first 112K of income as well.....
Then there are all the state taxes, etc. Turns out the rich pay a lot less as a % of their income then most people realize.
Americans who make $100,000 a year are in a 28% tax bracket. But millionaire and billionaire CEO's (the ones who give our politicians their campaign money) they are in a 11% - 17% tax bracket.
If Middle class Americans are in a 28% tax bracket, and billionaire CEO's are in a 11%-17% tax bracket, how do the rich pay more in taxes?
But the stupid thing is republicans want to give these rich people trillions of dollars of tax cuts (at the same time their tax rates are lower than the middle class.)
Soooo does that include social security? I mean thats a federal tax right? what is it? 6.3% from you, and 6.3% from your employer who would otherwise pay it to you?
Thats a 12.6% tax rate...hmmmm....
Oh right, and it only applies to the first 112K of income as well.....
Then there are all the state taxes, etc. Turns out the rich pay a lot less as a % of their income then most people realize.
If they are making money through income, then they pay the same % if not more than everyone else.
Americans who make $100,000 a year are in a 28% tax bracket. But millionaire and billionaire CEO's (the ones who give our politicians their campaign money) they are in a 11% - 17% tax bracket.
If Middle class Americans are in a 28% tax bracket, and billionaire CEO's are in a 11%-17% tax bracket, how do the rich pay more in taxes?
But the stupid thing is republicans want to give these rich people trillions of dollars of tax cuts (at the same time their tax rates are lower than the middle class.)
How come you on the Left are so, well, dumb? Do you know what capital gains is? Do you know the tax rate for that? Any middle class person making their only money through CG will be at the SAME rate as those you mentioned. If those rich people were ONLY making money through INCOME, they'd pay the same as everyone else making money ONLY through income. Please Lefties, stop trying to argue something you obviously know nothing about.
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