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If requiring voter ID is racist, so is this ridiculous tax system. What % of the top 10% of earners are white? Unfairly and disproportionately affects them.
False premise. Voter ID lars are classist, but that is acceptable i this country, while racism it not. Since classist laws are acceptable in this country and racist laws are not, voter ID can be attacked only - if falsely - as racist.
The top 10% of earners are already paying about 70% of the tax revenue. How much more is it going to take before you're satisfied? 80%? 90%? You want the top 10% to just pay all of the taxes? Just what amount do you consider to be "their fair share"?
After all, if your job is to sit by the pool, sipping drinks prepared by your domestic staff, waiting for the latest dividend to hit the bank account, America has not been good to you.
After all, if your job is to sit by the pool, sipping drinks prepared by your domestic staff, waiting for the latest dividend to hit the bank account, America has not been good to you.
Are you really under the delusion that the top 10% live like that? Most in the top 1% doesn't even live like that.
Location: By the sea, by the sea, by the beautiful sea
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Quote:
Originally Posted by no_more_handouts
The top 10% of earners are already paying about 70% of the tax revenue. How much more is it going to take before you're satisfied? 80%? 90%? You want the top 10% to just pay all of the taxes? Just what amount do you consider to be "their fair share"?
A meaningless statistic without knowing what portion of income they're responsible for. i.e. Do the top 10% make 50 % of taxed income or 95% of taxed income or just what percentage is it? What's that number?
The top 10% of earners are already paying about 70% of the tax revenue. How much more is it going to take before you're satisfied? 80%? 90%? You want the top 10% to just pay all of the taxes? Just what amount do you consider to be "their fair share"?
Even if everyone paid the same percentage, the rich would always pay more dollar-wise simply because that's how percentages work.
The tax/income data also shows that that the top 10% earn more than half of all income.
That's the highest level in more than a decade; in other words it hearkens back to the robber-baron era. And some economists are projecting their share of all income will soon rise to 60%.
So the question is, which do we address: the income inequality or the tax inequality? Or both? And how?
If we address the tax side to drop the 10%'s tax share to equal their 50% share of income, are you proposing the resulting 18% tax revenue shortfall then be shifted to the lower 90% of earners?
And when the top 10%'s income haul increases to 60%, are you saying that the bottom 90% of earners should then pick up the tax slack even more, to make up for the top 10%'s increase in earnings, when their own share of earnings drops to 40%?
I don't know what the answer is but I'm inclined to think that income inequality is possibly the bigger problem, simply for the reason that it hits 90% of earners/taxpayers, while tax inequality hits only 10%.
How would you suggest that we address income inequality? Should we take people's money and give it to other people who haven't earned it? Oh wait....that's already the cornerstone of liberalism. Sorry....
The top 10% of earners are already paying about 70% of the tax revenue. How much more is it going to take before you're satisfied? 80%? 90%? You want the top 10% to just pay all of the taxes? Just what amount do you consider to be "their fair share"?
To begin with most people with wealth in the US are Liberals hence California & New York which in addition have state personal income taxes as well.
Are you crying for the rich? Or did you forget that Warren Buffet the Billionaire said his "net" income tax rate was 17% and that his Secretary paid almost double percentage wise that in income taxes.
Stop with the BS already! The US tax code favors the wealthy with huge deductions for business expenses.
Last edited by MiamiRob30; 01-15-2015 at 06:29 AM..
[quote=no_more_handouts;38028491]The top 10% of earners are already paying about 70% of the tax revenue. How much more is it going to take before you're satisfied? 80%? 90%? You want the top 10% to just pay all of the taxes? Just what amount do you consider to be "their fair share"?[/
I am politically agnostic.
The federal tax code favors both high and low earned income.
I pay a higher federal income tax rate than Warren Buffet.
I pay a higher federal tax rate than a low income earner.
Everyone should have skin in the game.
Lowering federal income tax rates, while increasing federal spending has been going on for 55 years.
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Millionaires in America have got it tough
