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SS benefits are so progressive that even with those adjustments the SS Administration has determined that higher income earners have been LOSING money on SS since the 1990s.
Really? Do you have any proof that the rich are somehow magically exempt from the same state and local taxes that everyone else pays? I sincerely doubt it.
Not only is that chart flat out wrong, it's also 10 years old.
Taxes paid and services/benefits received, local state, and federal, are progressive in the extreme:
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The bottom 20% is getting 135.5 times the value in government services for their federal taxes paid than is the top 1%.
Furthermore, from the above link...The top 40%, and more specifically the top 1%, are working as tax slaves for a significant portion of each year to fund those who take more from society than they contribute to society.
CEO billionaire (Mr.) Warren Buffet says it all in the video bellow.
Warren Buffets secretary paid a 35.8% tax rate.
Warren Buffet made $62 million dollars and paid a 17.4% tax rate.
Upper middle class American- 35% effective tax rate.
CEO billionaire- 17% effective tax rate.
Please explain again how America's richest 1% are tax slaves, and the rest of us are taking advantage of them.
Kind of a theoretical question that must be asked in lieu of the Supreme Court's decision earlier this week. If the rich have so much money to give that they needed the high court to allow them to give even more money to political campaigns, they should be able to afford to pay higher taxes, right?
Well the benefit of speech = money is that you can just "influence" your politicians to lower your tax rate quite legally . . .
so they can afford sure?
but why throw money away, when its cheaper (and now legal) to buy politicians
CEO billionaire (Mr.) Warren Buffet says it all in the video bellow.
That is from 2012, and Warren Buffett lied. The top marginal tax rate in 2011 was below the tax rate he claims his secretary paid. And not all of one's income is even subject to the top marginal tax rate, only that which exceeds $379,151.
Furthermore, Buffett's secretary earns $60,000, which places her in the middle quintile. Acccording to the CBO, her total effective federal tax rate including payroll taxes would have only been about 11.1% or so. Taxes - Just Facts http://www.cbo.gov/sites/default/fil...bles_Final.xls
Care to explain how the supposed 35.8% tax rate came to be?
Repealing the 17th Amendment is a completely un-American, anti-democratic, and pro-corporatist idea that has no foundation in the principles of freedom and liberty.
You have a misunderstanding of the intent of what we originally had.
The House to represent the People and the Senate to represent the State.
The 17th Amendment was a mistake and took the Senate from being accountable to the State and instead put them in the pocket of special interests.
So actually you are arguing against yourself.
Do you know it I sold you a loaf of bread and at no point in the production...delivery and marketing of the bread....with NO deductions in the process...you would be lucky to get it for $200?????
And if you took out the government regulation that affect businesses, that loaf would go back down to an affordable price.
I'm confused, how can anyone defend the right for the extremely wealthy to openly buy/rent politicians? There is a politicans already who has the audacity to claim that they are already underpaid, but yet some of you are arguing over which party has screwed over the most people considering they are one and the same.
As long as we stand divided over stupid stuff, the do nothing Congress, puppet president, stupid senators and bought off SC will continue to rake us ALL over the coals.
There goes your theory about low tax rates reduce revenues...
LOL, not familiar with the concept of inflation?
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