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That's regressive, as the less you make, the less you have after necessary expenses
While the poor commits most of the crimes, takes all the welfare, and consumes most of the government’s resources. Above all, they don’t even give a crap about their own children!
Also, the vast majority of the poor people CHOOSE to be poor!
Well, this is misstated. The rich do not pay their fair share of taxes. The average American does. The rich have all kinds of ways to escape paying their fair share and often pay close to zero. This includes wealthy corporations and their phenomenally paid heads. The average American does not have the access or means to avoid taxes. And since the IRS funding has been so cut, the IRS more likely targets average tax payers rather than the rich who scheme to avoid taxes. Ferreting out rich tax cheats is extremely expensive.
This post makes me marvel at how people are so blinded. The original Income tax law structures tax rates so that there ARE varying rates of taxation according to income. If you disagree with even that law then you may have been happier living in an American over 100 years ago and not today's.
This is simply false. The "rich" pay the majority of federal income taxes. The top 1% pay 40% of federal income taxes Something like 50% don't pay any federal income tax.
This is why a VAT is needed. It treats everyone equally and forces everyone to pay for the federal government.
This is simply a false statement. The "rich" pay the majority of federal income taxes. The too 1% pay 40% of federal income taxes Something like 50% don't pay any federal income tax.
This. We, at least the taxpaying half of the population, all pay too much, but the rich pay WAY too much.
I have to imagine that is right. Chicken is cheap and healthy protein. Of course one can buy organic or free range chicken and it is more expensive than $0.99/lb, but that is a choice and if you are on a tight budget, a stupid one.
The Kroger ad for this week has chicken at $1.79 per pound.
Well, this is misstated. The rich do not pay their fair share of taxes. The average American does. The rich have all kinds of ways to escape paying their fair share and often pay close to zero. This includes wealthy corporations and their phenomenally paid heads. The average American does not have the access or means to avoid taxes. And since the IRS funding has been so cut, the IRS more likely targets average tax payers rather than the rich who scheme to avoid taxes. Ferreting out rich tax cheats is extremely expensive.
You are very wrong. Who brainwashed you to such an extreme?
IRS data comparing what percentage of the total income each group earns compared to the percentage of the federal income tax revenue they pay. Note that everyone in the bottom 90% is UNDER-paying their fair share:
Only people who don't want to pay any taxes like you look at it as being forced. Btw, everyone pays some tax, even the poor. No one escapes sales tax, and you only escape fuel taxes or registration fees if you don't own a car
Is the poor paying the same amount of taxes? Last time I checked, 2/3 of the income tax is paid by the rich.
Maybe, but they have advocated about changing the tax scheme in ways that wouldn't be in their pecuniary self-interest. Buffett, for example, has frequently made a point of saying how unfair it is that although he pays more in actual taxes than his secretary he pays a lower tax rate. That's because capital gains are taxed at a lower rate than income taxes. https://money.cnn.com/2013/03/04/new...xes/index.html
and warren buffet lied
buffett surely lied
it has been proven time after time that buffett lied
his secretary makes 60k (his words)..therefore she is in the 15% bracket..and would pay less than 12%....as I will show she pays less than 5%
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buffett pays an effective 17%...meanwhile buffett paid over 8 million in taxes
Buffett said "his secretary pays 30% in federal taxes"...he lies
buffets states he gets taxed at 17% (his earned income is only 100k, the rest is investment (capital gains taxed at 20%) and that is less than his secretary...fact that is a LIE
there is no disputing that fact
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FACT: making 60k (which is what buffet himself says she makes) puts her in the 15% bracket..and that's based on her ENTIRE 60k being taxed..and we ALL KNOW that is never the case...even single you have the personal exemption, and the standard deduction
FACTS:
we're talking about a married secretary. with a not working spouse. They file jointly, pay a home mortgage and have 2 older kids (still claimed ) . They probably place at least $4,000 in an 401k (the average is about 7%) and itemize $15,000 in deductions(about 3k over the standard deduction). .....Here the tax picture changes dramatically. ....Taxable income drops to $27,800 -- the 15 percent tax bracket. With child tax credits, secretary now pays $1,419 in federal taxes, or 2.4 percent of $60,000. Add in another 2 percent for $1,218 in state taxes, and secretary pays a grand total, state and federal(to include payroll(ss)), of 4.4 percent on the $60,000-a-year salary.
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IF she is single/renter (which she is not) this would be the number:
60k gross:
That would give her taxable income of $50,250 ($60,000 less 1 exemption @ $3,400 and a standard deduction of $5,360) and a federal income tax liability of $8,986.25 – $4,386.25 + 25% of the excess over $31,850. So, the secretary’s effective Federal income tax rate is only 15% ($8,986.25 / $60,000). Hmmmm.
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so FACT is that she would only be rated at 15% for INCOME...if you want to throw in payroll, (which is not income tax) it still only brings her up to 22%...certainly not the 30% that buffett lied about
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FACTS:
buffett is a salaried worker for his companies...his salary 100k
his secretary earned 60k
he paid multi-millions..his secretary paid less than 3k......
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. buffett want the rates (for ALL) to be higher,, because it wont effect him, but it will hurt his competition....those are facts
No. No they don't. Why do you carry so much water for the wealthy? Are you a millionaire yourself. If not, then you're rooting for the wrong side....
Can’t he just be against injustice? Why does it have to be about sides?
He’s 100% right. Between my salary and my business, I earn 7 figures and I don’t have access to all of those “loopholes” that you guys complain about. I pay WAY more than my share, but instead of saying “thank you”, people like you complain that I am not paying enough. Anyone who says “The rich don’t pay their fair share.”, can go F themselves.
We are not all CEOs of giant corporations. Maybe change your slogan to “the super rich”. But that doesn’t sound like it includes enough people, now does it?
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