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View Poll Results: Do wealthy people owe the 99% something? Should they?
Yes 78 35.62%
No 141 64.38%
Multiple Choice Poll. Voters: 219. You may not vote on this poll

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Old 09-22-2017, 09:06 AM
 
Location: Lone Mountain Las Vegas NV
18,058 posts, read 10,446,444 times
Reputation: 8828

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Quote:
Originally Posted by InformedConsent View Post
They pay a significantly higher average effective federal income tax rate than the bottom 95%. The IRS has data on this, as well.

The average effective federal income tax rate paid by the top 400 tax filers: 23.13%

Page 13: https://www.irs.gov/pub/irs-soi/14intop400.pdf

Compare that to:

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%

https://www.irs.gov/statistics/soi-t...omplete-report

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.
Yet more right wing myth. There is no lack of knowledge of what taxes are paid by which income group. But the fact that is always skipped is how much of the income goes to these small groups at the top. So the progression in the taxes is actually less than one would think particularly when all taxes are considered versus just the income tax.

Consumptive taxes are virtually always regressive and make the plight of the low income worker worse.
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Old 09-22-2017, 09:18 AM
 
Location: the very edge of the continent
89,560 posts, read 45,216,754 times
Reputation: 13863
Quote:
Originally Posted by lvmensch View Post
Yet more right wing myth. There is no lack of knowledge of what taxes are paid by which income group. But the fact that is always skipped is how much of the income goes to these small groups at the top.
They earn it. Why do you have a problem with that? The fair (though not equal*) thing to do is to implement a flat tax. Everyone pays the same tax RATE. Even with a flat tax, the higher income earners will still be paying many times more in taxes than the middle or low income groups.

To see how this would work:

10% flat tax.

$2 million earner pays $200,000
$200,000 earner pays $20,000
$20,000 earner pays $2,000

Which one is paying more for the exact same access to federal government services and benefits?

One pays $200,000. Another pays $20,000. And yet another pays only $2,000.

* Equal would be if everyone pays the same AMOUNT for the exact same access to federal government services and benefits.

Quote:
So the progression in the taxes is actually less than one would think particularly when all taxes are considered versus just the income tax.
Absolutely false. I've posted evidence and research which states exactly the opposite. You can read it here, includes a link to the research:

https://www.city-data.com/forum/48287709-post1.html

Quote:
Consumptive taxes are virtually always regressive and make the plight of the low income worker worse.
They work in Europe. And Europeans are happy to pay their VAT taxes and get nice things like national health care in return.

I'm thinking the problem is just that there are a lot of under-educated left-wingers who don't realize they're cutting off their noses to spite their faces.
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Old 09-22-2017, 09:20 AM
 
27,306 posts, read 16,287,032 times
Reputation: 12103
Quote:
Originally Posted by bingo3000 View Post
Should wealthy Americans--wealthy businesspeople, doctors, scientists, high paid professors, high paid journalists and radio hosts, athletes, sports owners, etc. owe the 99 percent of Americans something?


https://www.youtube.com/watch?v=MdzVEcfhaTw


https://www.youtube.com/watch?v=HmlX3fLQrEc

Should they pay more federal and state taxes?

Should they giveaway any unused mansions or homes to homeless and poor people?

Should wealthy Americans pay up in federal reparations for black slavery?


Do wealthy people owe the 99% of America anything? If so, what?
No.

No.

No.

In that order.
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Old 09-22-2017, 09:30 AM
 
29,857 posts, read 14,886,388 times
Reputation: 14666
Quote:
Originally Posted by bingo3000 View Post
But what about Americans who are systemically oppressed?

Can you show me exactly what Americans are being held back from becoming successful ? Sure, not everyone's life is the same as others, and some have many , many more hurdles but I don't think that is oppression.
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Old 09-22-2017, 09:31 AM
 
Location: Texas
38,857 posts, read 25,645,642 times
Reputation: 24780
Talking You've got it all upside down and backwards, surprisingly enough

Quote:
Originally Posted by bingo3000 View Post
Should wealthy Americans--wealthy businesspeople, doctors, scientists, high paid professors, high paid journalists and radio hosts, athletes, sports owners, etc. owe the 99 percent of Americans something?

It isn't about "owe".

It's about more equitable income.

The fatcats are fatter than ever and don't require more lard.

Workers are where they were 40 years ago.

That's what needs to change.

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Old 09-22-2017, 09:33 AM
 
Location: the very edge of the continent
89,560 posts, read 45,216,754 times
Reputation: 13863
Quote:
Originally Posted by Old Gringo View Post
It isn't about "owe".

It's about more equitable income.

The fatcats are fatter than ever and don't require more lard.

Workers are where they were 40 years ago.

That's what needs to change.

Stop letting low-skill workers into the country. That only keeps wages depressed. You get what you vote for. Democrats want open borders.
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Old 09-22-2017, 09:33 AM
 
15,368 posts, read 12,704,403 times
Reputation: 7600
I think if you are a CEO or in upper management and make an insane amount of money based on quarterly earnings you should pass some of that money down to your employees.

The pay gap is disgusting in America these last 20 years and some folks applaud it and think it's just good business. That's terrible for the economy and long term growth of a country.
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Old 09-22-2017, 09:36 AM
 
29,857 posts, read 14,886,388 times
Reputation: 14666
Quote:
Originally Posted by Feltdesigner View Post
I think if you are a CEO or in upper management and make an insane amount of money based on quarterly earnings you should pass some of that money down to your employees.

The pay gap is disgusting in America these last 20 years and some folks applaud it and think it's just good business. That's terrible for the economy and long term growth of a country.

I think pay gap is a completely separate issue. And I do agree with you on it.
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Old 09-22-2017, 09:36 AM
 
Location: the very edge of the continent
89,560 posts, read 45,216,754 times
Reputation: 13863
Quote:
Originally Posted by Feltdesigner View Post
I think if you are a CEO or in upper management and make an insane amount of money based on quarterly earnings you should pass some of that money down to your employees.

The pay gap is disgusting in America these last 20 years and some folks applaud it and think it's just good business. That's terrible for the economy and long term growth of a country.
Again, stop letting low-skill workers into the country. That only keeps wages depressed. You get what you vote for. Democrats want open borders.
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Old 09-22-2017, 09:39 AM
 
15,368 posts, read 12,704,403 times
Reputation: 7600
Quote:
Originally Posted by InformedConsent View Post
Exactly. That's what happened with Cabrini-Green (in Chicago) public housing. Those who lived there destroyed it.
do you guys ever not talk about Chicago?
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