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Secondly, I asked repeatedly what the fair share is. The answer is 0%.
So the rich actually have been paying far more than their fair share!
No it's true .The 1% don't pay what they owe.The middle class carries this country and with the vanishing middle class the problems start to get bigger and bigger.
the top 1 percent of all taxpayers (taxpayers with AGIs of $465,626 and above) earned 20.58 percent of all AGI in 2014, but paid 39.48 percent of all federal income taxes.
How much more do you want them to pay? 50% ? 60% ?
No it's true. The 1% don't pay what they owe. The middle class carries this country and with the vanishing middle class the problems start to get bigger and bigger.
Not true. At all. The middle class isn't paying their fair share. Actually, the entire bottom 95% isn't paying their fair share.
The IRS actually publishes the data on this.
Latest IRS published average effective federal income tax rate, by income level:
Top 0.1%: 27.67%
Top 1%: 27.16%
Top 1-5%: 23.61%
Top 5-10%: 13.73%
Top 10-25%: 10.73%
Top 25-50%: 7.48%%
Bottom 50%: 3.45%
Note the HUGE drop off in the average effective income tax rate paid by the top 5% ...compared to everyone else.
This is why it's so incredibly frustrating that so many people believe the left's and MSM's manipulative lies. We would all be SO much better off if more people could actually think for themselves and verify what they're being told instead of just believing what a Dem politician or the MSM tells them.
This is why it's so incredibly frustrating that so many people believe the left's and MSM's manipulative lies. We would all be SO much better off if more people could actually think for themselves and verify what they're being told instead of just believing what a Dem politician or the MSM tells them.
The liberal sense of entitlement and that the world owes them something for existing is incredible. Their lack of research and math skills are laughable. They're too busy replying with TLDR and listening to celebrities to find the truth for themselves. Or maybe getting news from a comedian during a late night show and using the information as gospel, not realizing they write that for laughs and ratings.
They listen to their 'enlightened' left wing professors like sheep, not realizing how the schools are stealing from them. If you want to get more tax revenue, how about taxing college endowments? Hundreds of billions of dollars in these mutual funds go un-taxed every year. Elizabeth Warren is famous for preaching to us about how the middle class is being hammered and costs of college are out of control. She didn't mind so much when Harvard paid her about $350,000/year to teach 2 hours a week.
the top 1 percent of all taxpayers (taxpayers with agis of $465,626 and above) earned 20.58 percent of all agi in 2014, but paid 39.48 percent of all federal income taxes.
How much more do you want them to pay? 50% ? 60% ?
How is the fair share zero? Let me guess, another libertarian
User fees and tolls are regressive and punish the lower classes for not being rich. That's why we have progressive taxation, so we don't "kill the poor"
Because 0% IS fair to everyone, both methmetically and morally, duh!
If you disagree, which is both morally and methamtically wrong, you are welcome to give me a number and let’s see how it is more fair than 0%.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,623,335 times
Reputation: 9169
Quote:
Originally Posted by lifeexplorer
Because 0% IS fair to everyone, both methmetically and morally, duh!
If you disagree, which is both morally and methamtically wrong, you are welcome to give me a number and let’s see how it is more fair than 0%.
0% means nobody pays any taxes, which would necessitate no government, and no commons, since there would be no money to pay for it without taxes.
So yes I do disagree, I find the "libertarian Paradise" to be a nightmare for anyone who isn't loaded.
I feel anyone earning less than $20k/year should get $10k back from the government i.e. Negative Income Tax. That would only apply to people earning less than $20k/year.
People making $20k-$32k/year should come out a wash. I would make $32k-$50k a 10% bracket. $50k-$90k 20%. $90k-$250k 30%. 35% for anything over $250k. And I would raise the capital gains rate to 30% from the current 15%. BUT, I would get rid of the corporate tax, which I'm sure you could get on board with. Then I would add a 10% VAT. How does that sound?
Before you answer, keep in mind that those rates are graduated, so someone who earns $100k, wouldn't pay 30% on all $100k. They would pay nothing on the first $32k. Would pay $1,800 up to $50k, $8,000 up to $90k, and $3,000 up to $100k for a total tax bill of $12,800, or 12.8% total income tax for someone who earns $100k/year as an example.
My tax bill would be $2,200/year, nothing on the first $32k, $1,800 up to $50k, and $400 up to $52k.
But everyone would pay the 10% VAT on all consumption
You don't get to be the 1% without a transfer of wealth from the 99% to you. Not that its involuntary, although that has been the case at times. And without the 99% supporting the 1% by keeping society and the economy functioning, the 1% soon find themselves at the mercy of anarchy and collapse.
That's why I say aim tax cuts at the middle class exclusively. The extra spending that generates will trickle up to the 1% and the lower class will still benefit from small businesses run by the middle class.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,623,335 times
Reputation: 9169
Quote:
Originally Posted by Icy Tea
You don't get to be the 1% without a transfer of wealth from the 99% to you. Not that its involuntary, although that has been the case at times. And without the 99% supporting the 1% by keeping society and the economy functioning, the 1% soon find themselves at the mercy of anarchy and collapse.
That's why I say aim tax cuts at the middle class exclusively. The extra spending that generates will trickle up to the 1% and the lower class will still benefit from small businesses run by the middle class.
I normally disagree with you, but had to rep this 👍
0% means nobody pays any taxes, which would necessitate no government, and no commons, since there would be no money to pay for it without taxes.
So yes I do disagree, I find the "libertarian Paradise" to be a nightmare for anyone who isn't loaded.
I feel anyone earning less than $20k/year should get $10k back from the government i.e. Negative Income Tax. That would only apply to people earning less than $20k/year.
People making $20k-$32k/year should come out a wash. I would make $32k-$50k a 10% bracket. $50k-$90k 20%. $90k-$250k 30%. 35% for anything over $250k. And I would raise the capital gains rate to 30% from the current 15%. BUT, I would get rid of the corporate tax, which I'm sure you could get on board with. Then I would add a 10% VAT. How does that sound?
Before you answer, keep in mind that those rates are graduated, so someone who earns $100k, wouldn't pay 30% on all $100k. They would pay nothing on the first $32k. Would pay $1,800 up to $50k, $8,000 up to $90k, and $3,000 up to $100k for a total tax bill of $12,800, or 12.8% total income tax for someone who earns $100k/year as an example.
My tax bill would be $2,200/year, nothing on the first $32k, $1,800 up to $50k, and $400 up to $52k.
But everyone would pay the 10% VAT on all consumption
I was taking about income tax and you are more than welcome to implement a consumption based tax to pay for the government.
Now how do you morally justify taking money by force from one group to give to another???? How is that moral, fair or just to anybody?
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