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Old 04-11-2014, 04:07 AM
 
Location: the very edge of the continent
89,071 posts, read 44,906,239 times
Reputation: 13723

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Quote:
Originally Posted by abnheel View Post
Sounds like progressives are ready for a for a flat/fair tax. Otherwise, I don't want to hear your whining.
We need a flat tax so that everyone pays their fair share. Make tax liabilities directly proportionate with income. Earn very little; pay very little. Earn A LOT; pay A LOT.

If liberals/progressives really do believe their own posts, that the poor and middle income pay higher tax rates than the rich, then they should be the first ones jumping on the flat tax bandwagon, no?
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Old 04-11-2014, 04:13 AM
 
34,279 posts, read 19,397,951 times
Reputation: 17261
Quote:
Originally Posted by InformedConsent View Post
I posted an effective tax rate chart that accounts for that earlier in the thread:
Now add in the fact that effectively renters pay the property tax, and the people living in their own home pay the property tax.

Now add in gas taxes

State taxes (remember the original post?)

vehicle fees (and yes fees are a tax in my opinion)

etc etc etc.

To someone in the .1% the fees at the DMV, etc are trivial. They dont even think about it. to someone on minimum wage that fee represents an entire day of work.
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Old 04-11-2014, 04:26 AM
 
Location: the very edge of the continent
89,071 posts, read 44,906,239 times
Reputation: 13723
Quote:
Originally Posted by greywar View Post
Now add in the fact that effectively renters pay the property tax, and the people living in their own home pay the property tax.

Now add in gas taxes

State taxes (remember the original post?)

vehicle fees (and yes fees are a tax in my opinion)

etc etc etc.
Many of those taxes are deductible on one's federal income tax, thus lowering federal income tax liability. That's why there's such a precipitous drop-off of effective tax rates at the lower-income levels. Look at the chart again to see what I'm talking about.
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Old 04-11-2014, 05:18 AM
 
24,832 posts, read 37,370,040 times
Reputation: 11539
Quote:
Originally Posted by InformedConsent View Post
Many of those taxes are deductible on one's federal income tax, thus lowering federal income tax liability. That's why there's such a precipitous drop-off of effective tax rates at the lower-income levels. Look at the chart again to see what I'm talking about.
In most states you can get the property tax credit and a home heating credit. (yes, renters too)

And the rest can be deducted.
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Old 04-11-2014, 05:43 AM
 
69,368 posts, read 64,169,371 times
Reputation: 9383
Quote:
Originally Posted by le roi View Post
that's another one of those right-wing myths. .

banks don't need "rich peoples money" to lend. banks borrow directly from the federal reserve bank.
Banks can only borrow up to a percentage of the assets being held in their accounts by people depositing it..

Otherwise banks would be loaning money out to all sorts of things, like efforts to build time machines..
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Old 04-11-2014, 05:59 AM
 
Location: Houston
5,998 posts, read 3,739,061 times
Reputation: 4163
Quote:
Originally Posted by greywar View Post
Accusing someone of a lie, when they simply wrote something that you could assume the incorrect meaning of doesn't really contribute to a discussion either now does it? And in the topic I very specifically stated a description that indicated it was a %, AND edited it and added that to the end.

But no, you don't seem to want a discussion. You want to call someone a liar, and NOT advance the discussion it seems.
What you are describing is a classic conservative diversion tactic. They employ it when they know they're wrong or have no facts to back up what they say. I'm still waiting on various right wing posters on here to present evidence to support some of the claims they've made. Strangely, I have yet to receive an answer.
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Old 04-11-2014, 06:02 AM
 
Location: Old Bellevue, WA
18,782 posts, read 17,379,242 times
Reputation: 7990
Quote:
Originally Posted by greywar View Post
I know, you all looked at the title, and said "I am going to go into this thread and tear into this, this guys wrong. We ALL know the rich pay more!"

But thats because the debate is all about cherry picking data. We look at federal taxes-but exclude social security which is a 6.3%+6.3% tax....paid for by the working poor. But ONLY on the first 112K of income. The average .1%er has it as a rounding error. Heck as a % of my income I paid more in social security then Romney paid in federal....but then again my federal rate was ALSO higher then his....

But wait...what about state taxes? Turns out thats paid at a 5.6% rate by the average .1%er....and 11% for the poor folks.

So all this screaming about the federal rate, conveniently ignores the other taxes. Why is that? hmmmmm

edit-To clarify the title, twice as much as a % of their income.
When Social Security was signed into law by FDR, he specifically denied that the FICA payments could be called "taxes." Instead he wanted them to be called 'contributions' as in an insurance plan. Hence the cap at 112K, and the lack of means testing.
Social Security History

Quote:
Originally Posted by FDR
We must not allow this type of insurance to become a dole through the mingling of insurance and relief. It is not charity. It must be financed by contributions, not taxes.
Of course it could reasonably be argued that he was either wrong or disingenuous, that these are in fact taxes. But the fact that the person who created the system insisted that they were not taxes is a reasonable reason for not accounting for them as taxes.
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Old 04-11-2014, 06:32 AM
 
26,538 posts, read 15,111,244 times
Reputation: 14681
Quote:
Originally Posted by greywar View Post
Now add in the fact that effectively renters pay the property tax, and the people living in their own home pay the property tax.

Now add in gas taxes

State taxes (remember the original post?)

vehicle fees (and yes fees are a tax in my opinion)

etc etc etc.

To someone in the .1% the fees at the DMV, etc are trivial. They dont even think about it. to someone on minimum wage that fee represents an entire day of work.
Good thing I know working poor that profit off of federal income taxes so much that their return covers all of those taxes!
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Old 04-11-2014, 06:35 AM
 
26,538 posts, read 15,111,244 times
Reputation: 14681
Side note question...

If we raise taxes on corporations do the consumers and workers essentially pay the vast majority of the tax?

As in, the company will either raise the cost of the goods it produces OR lower what it costs for labor (ie less salary/benefits/workers/etc) OR a combination of both 9 time out of 10?
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Old 04-11-2014, 06:42 AM
 
Location: the very edge of the continent
89,071 posts, read 44,906,239 times
Reputation: 13723
Quote:
Originally Posted by michiganmoon View Post
Good thing I know working poor that profit off of federal income taxes so much that their return covers all of those taxes!
Exactly.You have to wonder if liberals are being intentionally deceptive? Or do they really not know any better, whether that's due to ignorance or blindly believing leftist propaganda.
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