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As if that would ever happen.
Of course they will. Happens all the time.
Didnt Trump say that the increase in the stock market over the past 8 years was not the "real economy" and that unemployment was really 40%? Now the tune has shifted completely and its all about how great the stock market is and that unemployment is really 4%?
Of course the rich pay more taxes. When 1 percent owns 90 percent of the wealth where the F do you think revenue would come from? Is your solution to tax people with no money? Brilliant! Don't let that business degree go to waste.
The US doesn't annually tax wealth, it taxes income. Everyone who has any income should be paying federal income tax.
The fact is that currently more than 45% of 1040 filers pay no federal income tax whatsoever. Note that percentage excludes children and seniors with SS income only as they aren't required to file since they don't meet the minimum income required to do so.
So you want to bankrupt the country? These tax cuts are not paid for! Taxes will have to go up
(patiently)
Tax cuts are not paid for by raising taxes. Then they wouldn't be cuts at all. A "tax cut" means that the government gets less money, because the people pay less. See how this works?
Tax cuts are "paid for" by reducing spending. Then they are true tax cuts.
Unfortunately, most Democrats and RINOs have gotten into the habit of "paying for" tax cuts by borrowing even more instead. Which just means that their children will have to pay for the tax cuts by reducing what government does for them. And their children's children etc.
Tax cuts are not paid for by raising taxes. Then they wouldn't be cuts at all. A "tax cut" means that the government gets less money, because the people pay less. See how this works?
Tax cuts are "paid for" by reducing spending. Then they are true tax cuts.
Unfortunately, most Democrats and RINOs have gotten into the habit of "paying for" tax cuts by borrowing even more instead. Which just means that their children will have to pay for the tax cuts by reducing what government does for them. And their children's children etc.
Nice try.
The tax cuts for the rich are paid for by tax increases for working stiffs like yourself in addition to cuts in programs you rely on. Thats the bottom line.
Democrat supporters are so afraid that the rich might get a tax cut "even though they pay the most taxes" their willing to take a hit to get them. Yep, class warfare has always been another card the Democrats play.
What I posted in another thread is relevant in this one, too:
Western European countries' middle class is happier with lower disposable incomes and a lower standard of living due to their countries' regressive tax systems, BUT they're happy with the social program services/benefits they receive in exchange for accepting a lower standard of living.
Bottom line... TANSTAAFL.
We either adopt a regressive tax system, like Western European countries, therefore our middle class accepts having less disposable income and a lower standard of living BUT they get national health care, free college tuition for those who pass the college entrance exams, etc. -- OR -- We continue to tax progressively so that our WAY too narrow tax base can't generate the level of tax revenue required to fund Euro-style programs BUT our middle class has more disposable income and a higher standard of living.
You can't have it both ways.
Many of you need to decide which is more important to you...
Punish "the rich" with the most progressive tax system in the developed world (what we currently have)?
OR
Tax regressively to generate enough tax revenue to fund programs that will help those on the mid to lower end of the income/wealth spectrum the most?
Tax cuts are not paid for by raising taxes. Then they wouldn't be cuts at all. A "tax cut" means that the government gets less money, because the people pay less. See how this works?
Tax cuts are "paid for" by reducing spending. Then they are true tax cuts.
Unfortunately, most Democrats and RINOs have gotten into the habit of "paying for" tax cuts by borrowing even more instead. Which just means that their children will have to pay for the tax cuts by reducing what government does for them. And their children's children etc.
Nice try.
And that's because the American people, of all voting shapes and sizes, does not expect a cut in services. Yeah, they should, but they do not.
Good luck dealing with this down the road, because it is going to be ugly. Very, very ugly. Trump living up to the shortsighted (stereotypical baby boomer?) way: let the next generation figure it out.
Last edited by HockeyMac18; 12-20-2017 at 01:19 AM..
What I posted in another thread is relevant in this one, too:
Western European countries' middle class is happier with lower disposable incomes and a lower standard of living due to their countries' regressive tax systems, BUT they're happy with the social program services/benefits they receive in exchange for accepting a lower standard of living.
Bottom line... TANSTAAFL.
We either adopt a regressive tax system, like Western European countries, therefore our middle class accepts having less disposable income and a lower standard of living BUT they get national health care, free college tuition for those who pass the college entrance exams, etc. -- OR -- We continue to tax progressively so that our WAY too narrow tax base can't generate the level of tax revenue required to fund Euro-style programs BUT our middle class has more disposable income and a higher standard of living.
You can't have it both ways.
Many of you need to decide which is more important to you...
Punish "the rich" with the most progressive tax system in the developed world (what we currently have)?
OR
Tax regressively to generate enough tax revenue to fund programs that will help those on the mid to lower end of the income/wealth spectrum the most?
Sweden has a progressive income tax, the rates for 2017 are as follows:
0% from 0 kr to 18,800 kr
Circa 31% (ca. 7% county and 24% municipality tax): from 18,800 kr to 438,900 kr
31% + 20%: from 438,901 kr to 638,500 kr
31% + 25%: above 638,500 kr[5]
Yes, people of all incomes pay more compared to the USA. But as you rightly point out, they get a lot in return.
I would for us to move in that direction, if we received those benefits.
What I posted in another thread is relevant in this one, too:
Western European countries' middle class is happier with lower disposable incomes and a lower standard of living due to their countries' regressive tax systems, BUT they're happy with the social program services/benefits they receive in exchange for accepting a lower standard of living.
Bottom line... TANSTAAFL.
We either adopt a regressive tax system, like Western European countries, therefore our middle class accepts having less disposable income and a lower standard of living BUT they get national health care, free college tuition for those who pass the college entrance exams, etc. -- OR -- We continue to tax progressively so that our WAY too narrow tax base can't generate the level of tax revenue required to fund Euro-style programs BUT our middle class has more disposable income and a higher standard of living.
You can't have it both ways.
Many of you need to decide which is more important to you...
Punish "the rich" with the most progressive tax system in the developed world (what we currently have)?
OR
Tax regressively to generate enough tax revenue to fund programs that will help those on the mid to lower end of the income/wealth spectrum the most?
Taxes dont help poor people! We have already concluded that what helps poor people is that they beg CHARITIES for support and that taxes are regressive, like in Chile, Brazil and Mexico! Make America like Latin America again!
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