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This tells us otherwise. The bottom 90% are paying LESS than their fair share. The top 1% pays nearly twice their fair share. BOTH need to be changed. The bottom 90% needs to pay more. The top 1% needs tax relief:
Here's the actual IRS data if you don't believe the chart. It goes all the way to even breaking out the top 0.001%:
The top 3 billionaires have more wealth than the bottom 50 % of the nation and your worried about their tax rate. We have the greatest income disparity in the world. Maybe they would have to knock off a trip to space here and there or give up one of their super yachts.
Article from 2017, I assume the disparity is worse now.
If there below the poverty level and trying to survive I have no issue, if they are doing it by creative money hiding I have an issue. What source is claiming that its 50%
A lot of those are elderly, too. My mother didn't have to pay taxes for the last 20 years of her life, because she only had about $1500 a month income and didn't reach the threshold required. That's after working her entire adult life, so not a freeloader. My fiance's parents don't either, they live in low income senior housing on about $600 a month or so. A lot of elderly have low enough incomes that they don't have to pay, but still worked their entire lives.
Lets be honest-neither of the two mainstream parties is willing to do what is actually important. Cut spending. Secure our borders. Set limits on immigration and asylum seekers. Stop spending on "foreign aid", including Ukraine. Strengthening our economy. Securing actual fair-trade deals. Both want to spend, spend, spend.
The top 3 billionaires have more wealth than the bottom 50 % of the nation and your worried about their tax rate. We have the greatest income disparity in the world. Maybe they would have to knock off a trip to space here and there or give up one of their super yachts.
Article from 2017, I assume the disparity is worse now.
Yes, we do have a large income disparity and that's BECAUSE the left REFUSES to tax like the European countries do, regressively.
European countries have LOWER Gini Coefficient ratings than the US, which means they are far more socioeconomically equitable.
We can have that in the US, too, if the left would only agree to tax regressively.
This explains it, with suggestions to more reading if you're having a hard time wrapping your mind around WHY progressive taxation results in much greater income inequality:
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Quote:
Originally Posted by InformedConsent
This tells us otherwise. The bottom 90% are paying LESS than their fair share. The top 1% pays nearly twice their fair share. BOTH need to be changed. The bottom 90% needs to pay more. The top 1% needs tax relief:
Here's the actual IRS data if you don't believe the chart. It goes all the way to even breaking out the top 0.001%:
Again I didn't question the chart/link you posted before. As I said which is a greater impact the person living at or below the poverty level trying to support a family of 4 or a millionaire who can take their $3,5 million dollar obligation and reduce it down to near nothing?
The top 1% need tax relief, spare me the chart only says they pay taxes , doesn't say how much of the full bill their paying and the example I posted show where they can often be paying none.
Again I didn't question the chart/link you posted before. As I said which is a greater impact the person living at or below the poverty level trying to support a family of 4 or a millionaire who can take their $3,5 million dollar obligation and reduce it down to near nothing?
I'm not seeing any evidence that millionaires are reducing their multi-million dollar incomes to the point where they pay zero in taxes. In fact, the IRS data states quite the opposite: the higher one's income, the fewer deductions one is able to take.
Quote:
The top 1% need tax relief, spare me the chart only says they pay taxes , doesn't say how much of the full bill their paying and the example I posted show where they can often be paying none.
If that were true, the top 1% wouldn't be paying nearly twice their fair share, which they are. They'd be much more like the bottom 90%, UNDER-paying their fair share.
ok, so in the last 20 year the gop controlled it for 2, as per you and you are taking THEM to task and not the 18 years of dem increases? yeah ok.
I was only going back 5 or 6 years. If you want to go back 20 years, Republicans controlled the House 12 out of 20 years, the Senate 12 out of 20 (not always the same years) and the POTUS 10 years. GOP had complete control 6 years (2003 - 2006 and 2017-18). Democrats 4 years (2009-10 and 2021-22).
I was only going back 5 or 6 years. If you want to go back 20 years, Republicans controlled the House 12 out of 20 years, the Senate 12 out of 20 (not always the same years) and the POTUS 10 years. GOP had complete control 6 years (2003 - 2006 and 2017-18). Democrats 4 years (2009-10 and 2021-22).
In which years did the GOP have a filibuster-proof Senate? Oh, yeah... NONE.
I was only going back 5 or 6 years. If you want to go back 20 years, Republicans controlled the House 12 out of 20 years, the Senate 12 out of 20 (not always the same years) and the POTUS 10 years. GOP had complete control 6 years (2003 - 2006 and 2017-18). Democrats 4 years (2009-10 and 2021-22).
When Republicans propose or pass spending or tax cuts, the Democrats scream that the Republicans are throwing granny off a cliff and the media supports the Democrats.
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