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So you're saying when he released his tax documents they were falsified?
I don't think so.
The lie is that he is entitled to different tax breaks than you are. Your capital gains are taxed at the same rate as is, as is your income. The difference is that he has more of one, and you have more of another.
The lie is that he is entitled to different tax breaks than you are. Your capital gains are taxed at the same rate as is, as is your income. The difference is that he has more of one, and you have more of another.
In fact a middle class persons capital gains usually are taxed at 0 percent. If not maybe 10%. I think the capital gains rate for married filing joint with taxable income less than around $75,000 is 0.
The lie is that he is entitled to different tax breaks than you are. Your capital gains are taxed at the same rate as is, as is your income. The difference is that he has more of one, and you have more of another.
There is no lie because I have no capital gains, just earned income.
First off, for clarity, we don't live in a democracy but a representative republic-there are specific differences. I can assure you that I am far from being obtuse or willfully ignorant (I always liked that word-obtuse). Understand that I don't necessarily disagree with your statement about control and influence being exercised by the .001%, it has ALWAYS been that way and nothing you or i can say or do that is going to change that. However, my point is and has been, I doubt that the evil .001 percenters have done anything to prevent you or others from being successful. If you can think of a specific instance perhaps you can change my mind. You see, I grew up poor but found a way to go to college and get degrees in economics, business and electrical engineering. My friends were also poor and made different choices-and as a result they are still poor and find themselves depending on the Powerball for their retirement program. Over the last 30 years I was able to build 3 successful businesses in different sectors of the economy. Funny thing is, those in the 001% didn't even care one way or the other.
So you acknowledge the corruption but think it's ok because in your opinion "nothing can be done".
I live very comfortably and grew up very modestly. My Grandparents even came to this country with nothing. But you are wrong in saying that the corruption has ALWAYS been this bad. It has been a progression, but it is worse today than it ever has been.
Personal anecdotes are meaningless, when the incomes for 90% of the American population have been in decline or stagnation. This is during a time when unprecedented money has been created out of thin air by the Fed and given to the richest and most powerful in society by the TRILLIONS via corporate bailouts and quantitative easing. Why should we not care about that UNEARNED money, which has been very detrimental to the population and economy at large?
And it is not even about being moral or just, or even helping those that need help anymore. The financial corruption and Fed policies are hurting our economy-which is VERY MUCH consumer based. It is hurting our national sovereignty, as we allow Politicians to support nationless banks and corporations on their goal to global economic hegemony, and desertion of the American people.
If you think it's ok for the middle class to carry a heavier burden than the ultra wealthy then so be it, but I'm not ok with it.
Let's see here, the top 5% of earners pay 57% of all income taxes and the top 1% pay 35% of all income taxes, and you feel they aren't carrying a heavier burden?
Let's see here, the top 5% of earners pay 57% of all income taxes and the top 1% pay 35% of all income taxes, and you feel they aren't carrying a heavier burden?
I really need to see your math on this.
The poster is talking about effective tax rates for individuals. It's really not that hard to understand.
To try to simplify further, why should a Billionaire pay ~20% of his income in taxes while someone earning $100,000 pays ~30%?
The poster is talking about effective tax rates for individuals. It's really not that hard to understand.
To try to simplify further, why should a Billionaire pay ~20% of his income in taxes while someone earning $100,000 pays ~30%?
Sorry, but it's the 1% who are carrying the heaviest burden at 35% of all federal income taxes.
Additionally, are you claiming that billionaires pay a lower capital gains tax than what a middle class person pays in capital gains tax?
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