Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Why are republicans so much against the "Buffet rule"?
can you actually make an argument that provides adequate rationality to go against this?
Easy way to get around this, just pay yourself chicken feed for a salary, and the rest you get in investment stock. How do you think Buffett receives a lower annual salary income then his secretary?
how about a mandatory 15% on all of the 49% that dont pay any tax now?
Those people are the poor or near poor, such as seniors living on fixed incomes and those making low wages. I haven't had the time to check IRS data but according to this graph in the Nation Review, of all places, the bottom 50% only earn 12.8% of the nation's income.
So, why does the right-wing harp on this as if taxing the poor was an untapped pot of gold? How much can one possibly squeeze from this group that is living hand to mouth?
Those people are the poor or near poor, such as seniors living on fixed incomes and those making low wages. I haven't had the time to check IRS data but according to this graph in the Nation Review, of all places, the bottom 50% only earn 12.8% of the nation's income.
So, why does the right-wing harp on this as if taxing the poor was an untapped pot of gold? How much can one possibly squeeze from this group that is living hand to mouth?
The right does not look at it as an untapped pot of gold.What the right hears is the left claiming things are unfair.Makes me wonder what is unfair about a system that the top 50% pay 97% of the income tax already. The left claims its unfair the wealthy do not pay their fair share. What is their fair share when 50% pay nothing
The right does not look at it as an untapped pot of gold.What the right hears is the left claiming things are unfair.Makes me wonder what is unfair about a system that the top 50% pay 97% of the income tax already. The left claims its unfair the wealthy do not pay their fair share. What is their fair share when 50% pay nothing
Because that's where the earnings are - the top 50% earn 87% of all income and pay 97% of income taxes. It's not unfair for those with money to pay a slightly higher proportion of income taxes than those without much earnings. Note also, this is income taxes and not income taxes plus payroll taxes -- of which the bottom 50% pay more than income taxes. I would postulate that if one included payroll taxes there would be very little difference between earnings and taxes.
This is a shinny object issue, designed to distract from the top 0.1% that are playing far too low a tax-rate. The fact is that we're not going to solve budget issues by taxing the poor more.
Because that's where the earnings are - 87%, exactly. It's not unfair for those with money to pay a slightly higher proportion of income taxes than those with money. Note also, this is income taxes and not income taxes plus payroll taxes -- of which the bottom 50% pay more than income taxes. I would postulate that if one included payroll taxes there would be very little difference between earnings and taxes.
so you agree what we are currently doing is not unfair
so you agree what we are currently doing is not unfair
If that's what you read, you read wrong. Fairness isn't that everybody pays their exact proportion of taxes relative to income. A progressive income tax is based upon the idea that the wealthy are far more able to absorb the cost of running a nation and should pay a greater share of income.
If that's what you read, you read wrong. Fairness isn't that everybody pays their exact proportion of taxes relative to income. A progressive income tax is based upon the idea that the wealthy are far more able to absorb the cost of running a nation and should pay a greater share of income.
And right now they already do that. So what is unfair
Those people are the poor or near poor, such as seniors living on fixed incomes and those making low wages. I haven't had the time to check IRS data but according to this graph in the Nation Review, of all places, the bottom 50% only earn 12.8% of the nation's income.
So, why does the right-wing harp on this as if taxing the poor was an untapped pot of gold? How much can one possibly squeeze from this group that is living hand to mouth?
And what is the total after EITC, WIC, Medicaid, Food Stamps, Subsidized Housing, Subsidized Cable, Internet & Cell/Land Line Service, etc?
And what is the total after EITC, WIC, Medicaid, Food Stamps, Subsidized Housing, Subsidized Cable, Internet & Cell/Land Line Service, etc?
You tell me. I am not your research assistant. If you have a point based upon numbers, tell us what those numbers are.
If you are trying to make the claim that the poor use lots of money, then don't ignore the federal court, SEC, FAA costs for tracking and landing private jets, etc. The wealthy are able to enjoy the benefits of this country because the nation spends money -- and that includes providing for the poor so that they don't turn against the rich, such as in other countries.
And right now they already do that. So what is unfair
They're NOT doing so. The wealthy benefit fair more from their use of this country's infrastructure and military to aid them in the production of wealth. The lower 50% of the country earn 12.8% of the income while the top 50%,are earning the other 87.2%. Which half of the country is benefiting the most?
The other issue is the basic cost of survival. The lower 50% use almost everything they receive to survive. They have little if any disposable income. Once you set aside the basic cost of survival it seems that the wealthy half of America is where the disposable cash is.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
