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Oh what garbage. Do you spew this crap in public among intelligent informed fellow Americans? Who pays what taxes is a moot point when 20% of the population owns 97% of all private wealth in this country.
This is what's wrong with the kids these days. They have the most amazing tools available to them, but they're too lazy to spend a sixth of a minute to use them.
The top 1% pay 38.02% of the income tax collected. WORTH BILLIONS
The top 10% pay 69.94% of the income tax collected. WORTH MILLIONS
The top 25% pay 86.34% of the income tax collected. WORTH A MILLION
The top 50% pay 97.3% of the income tax collected. 97.3% The bottom 50% pay 2.7% of the income tax collected. WORTH LESS THAN 20K
That 1% sure is evil! Blast them and their piddly 38%!
Why the hell should someone making less than $20K or whatever the bottom 50% makes be taxed at the same rate as a billionaire? LMAO! Makes no sense.
Why the hell should someone making less than $20K or whatever the bottom 50% makes be taxed at the same rate as a billionaire? LMAO! Makes no sense.
If I understand correctly, it's not that they are taxed at the same rate, it's that people with more money can afford to find more loopholes. Steve Jobs was worth nearly $9 billion, yet his actual pay from Apple for a year was one dollar... despite having tons and tons of assets. There often is much less "income" coming in from employment than there is money coming in from capital gains. Capital gains are taxed at a lesser rate.
My understanding, anyway. I do not profess to be an expert, but perhaps we should make it illegal for people to own or partially own companies
I feel so sorry for you that you feel you're paying to many taxes on your $1,000,000 + pay check every year.
I'm so sorry that you actually only get to make $950,000 instead of $1,000,000. Let's start a fundraiser to get you your $50,000 back!
*If you're going to make stupid claims, at least cite a source.
Thanks.
It'd actually be taxed down FAR more than $50k... that'd be in the top income tax bracket I think, so they'd be getting taxed closer to 35-40%. That's MAYBE $700k brought in after doing a million dollars' worth of work. How is that fair?
I feel so sorry for you that you feel you're paying to many taxes on your $1,000,000 + pay check every year.
I'm so sorry that you actually only get to make $950,000 instead of $1,000,000. Let's start a fundraiser to get you your $50,000 back!
*If you're going to make stupid claims, at least cite a source.
Thanks.
It is obvious from you post that you likely don't pay federal income taxes or you would understand we have a progressive tax rate based upon percentages of income.
Quote:
Originally Posted by SoCalCroozer
Why the hell should someone making less than $20K or whatever the bottom 50% makes be taxed at the same rate as a billionaire? LMAO! Makes no sense.
They are not taxed at the same rate. You also have to understand the differentiation between earned income vs. unearned income. Not all income is created equal.
Watch private investment and capital liquidity plummet if the statists ever achieve their dream of treating capital gains the same as earned income.
Why the hell should someone making less than $20K or whatever the bottom 50% makes be taxed at the same rate as a billionaire? LMAO! Makes no sense.
Why shouldn't they?
By the way, "worth" and "makes" are two different things. I know from reading your other posts today that you're very aware of this - please don't try to mislead our dear readers into espousing your position. Be honest, or don't be at all.
Haha wow that means an even SMALLER TINY percentage of elite control most of the wealth in this country. And that means the bottom 90% are a lot poorer than $20k. LMAO! Thanks good info!
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