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I have only argued in favor of what Obama, Trump, Sanders, Buffett and all the others have advocated for some time now, to increase the net taxes on the most wealthy Americans, like the example made famous by Mitt Romney.
Is this what we are to assume I am right about? Need not assume, I am right about this!
Or are we to assume I am right about not being too hasty to pass rash judgement about the right or wrong of progressive taxes vs consumption taxes? No need to assume that either, because there again I think I am right to caution everyone, most certainly including you, to THINK before you keep spouting off.
Using labels like "kooks" is only serving to diminish your integrity further, so why not take it a little easier and try some critical thinking rather than spewing emotional garbage to make whatever point you are trying to make.
You ask, "If I give you money for things like welfare, and then you go and spend it on things like fuel, are you really paying it, or am I?"
I thought we were talking about all the Americans too poor to really afford to pay federal taxes. You seem to be assuming they are all on welfare and/or don't work. Not true!
Lots of assuming on your part, and of course we all know what happens when we assume..., right?
I have only argued in favor of what Obama, Trump, Sanders, Buffett and all the others have advocated for some time now, to increase the net taxes on the most wealthy Americans, like the example made famous by Mitt Romney.
Is this what we are to assume I am right about? Need not assume, I am right about this!
Or are we to assume I am right about not being too hasty to pass rash judgement about the right or wrong of progressive taxes vs consumption taxes? No need to assume that either, because there again I think I am right to caution everyone, most certainly including you, to THINK before you keep spouting off.
Using labels like "kooks" is only serving to diminish your integrity further, so why not take it a little easier and try some critical thinking rather than spewing emotional garbage to make whatever point you are trying to make.
You ask, "If I give you money for things like welfare, and then you go and spend it on things like fuel, are you really paying it, or am I?"
I thought we were talking about all the Americans too poor to really afford to pay federal taxes. You seem to be assuming they are all on welfare and/or don't work. Not true!
Lots of assuming on your part, and of course we all know what happens when we assume..., right?
Ahh right.. if we'd only just increase taxes on the most wealthy americans, everything will be fixed.
If i buy a $10 meal at a restaurant, whats the income tax paid to the federal government for this purchase..
Now think before you answer, dont want to look even dumber than you already do..
Well, there is a corporate income and a capital gains tax on the proceeds of the sale, though indirect.
Quote:
Originally Posted by pghquest
Ahh right.. if we'd only just increase taxes on the most wealthy americans, everything will be fixed.
Oh wait.. we DONT TAX WEALTH...
Almost as dumb as your posting above..
We could tax wealth, but it is not politically viable. A handful of countries currently tax wealth.
Of course, the poster you were responding to was not discussing a wealth tax, but rather higher taxes on the capital gains (or unusual financial income like carried interest) of wealthy Americans.
They do pay payroll taxes, which are federal taxes on income.
So does everyone else, with the higher income earners paying the most.
Quote:
Most people have earned income. When they spend it, they are paying the taxes on fuel, excise, and sales.
Those aren't the primary source of federal tax revenue in the U.S. Whereas in the social democracy countries with national healthcare and other social program goodies, regressive taxes such as those ARE the primary source of federal tax revenues.
But first, we must pause for yet another strawman coming through...
"Ahh right.. if we'd only just increase taxes on the most wealthy americans, everything will be fixed."
No one here made the above claim until just now. Check the record! Again, THINK before you spout!
"Oh wait.. we DONT TAX WEALTH..."
Very good! The argument all along has been about taxing the highest income earners, again like Romney was made an example, at a higher net federal tax rate. Sorry for any confusion by those who can't stay on track here, even as this is repeated over and over.
Now stay with me, because your last question is whether upon buying a meal for $10, what is the tax paid to the federal government for this purchase?
Well, none, directly. Is this a trick question?
If pointing out that the conservative claim that the poor don't pay "any taxes," brought this question on, well then yet again we are off the rails, because the fact, yet again, is that the poor pay taxes as well. Those taxes at a local level relieve some of the demand for taxes at a federal level, so there is that consideration as well.
Any more "great" questions like these I can help you with?
Or maybe we can get back to a more adult exchange about the main topics at hand? Possible?
Well, there is a corporate income and a capital gains tax on the proceeds of the sale, though indirect.
Both of those are a different transaction, and paid of profits, not on a sale.. Nice try but no cigar
Quote:
Originally Posted by TheCityTheBridge
We could tax wealth, but it is not politically viable. A handful of countries currently tax wealth.
most people have no clue what their "wealth" is, since wealth is objective..
Quote:
Originally Posted by TheCityTheBridge
Of course, the poster you were responding to was not discussing a wealth tax, but rather higher taxes on the capital gains (or unusual financial income like carried interest) of wealthy Americans.
Which doesnt increase revenues, despite what you'd think.. It encourages more hoarding of wealth, and not converting to income, and thus REDUCES revenues.. Since we once again, dont tax wealth.
They do pay payroll taxes, which are federal taxes on income.
Most people have earned income. When they spend it, they are paying the taxes on fuel, excise, and sales.
Payroll taxes is a tax used to fund social security, a welfare program by design.
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