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re: Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo
Posted on 3/28/17 at 9:34 am to DisplacedBuckeye
Posted on 3/28/17 at 9:34 am to DisplacedBuckeye
quote:I get that...which is why from the beginning I mentioned that everything I say here is in the context of being relative to the status quo. So if we need to raise additional revenue for a specific initiative I would generally expect the more affluent to shoulder that load.
The upper class already pays "a bit more."
3
Posted on 3/28/17 at 9:36 am to Tigerdev
you don't know what the standard deduction is? Really?Posted on 3/28/17 at 9:36 am to DisplacedBuckeye
quote:
I prefer a consumption tax model.
Would that include the purchase of stocks and bonds?
Posted on 3/28/17 at 9:37 am to Machine
what does this thread have to do with health insurance? You are in the wrong conversation.Posted on 3/28/17 at 9:38 am to BBONDS25
At my income bracket it is much better to itemize so I am not familiar with the details.
Posted on 3/28/17 at 9:39 am to Tigerdev
quote:
I get that...which is why from the beginning I mentioned that everything I say here is in the context of being relative to the status quo. So if we need to raise additional revenue for a specific initiative I would generally expect the more affluent to shoulder that load.
Ok so thats unfair. Everyone should pay the same percent in taxes in my eyes. Raising taxes on the rich or one class paying more than the one below, to me reminds me of the american revolutionary times. The reason we broke away was because of horrible taxes on them that they could not get out of. It goes against why we wanted to be an independent nation.
Posted on 3/28/17 at 9:39 am to I B Freeman
quote:
You can't cut taxes without the wealthy getting more of a tax cut than the poor simply because the wealthy pay more taxes.
Or just not cut taxes for the top tax bracket but cut the others?
Posted on 3/28/17 at 9:40 am to Eurocat
quote:
Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo
Could anyone actually define these for me relative to tax policy?
Both are such relative, mostly subjective, terms in political debates. I'm not sure whether to be happy or outraged without knowing which neat little box I fit into.
This post was edited on 3/28/17 at 9:42 am
Posted on 3/28/17 at 9:40 am to Eurocat
quote:
Trump wants a tax cut across the board, according to the plan he published during the campaign
There is no such thing as an across the board tax cut.
85% of ALL Federal Income tax is paid by the upper 5% of wage earners.
Therefore any tax cut will always benefit the top 5% since they are the ones paying the bulk of tax.
It is impossible to give tax cuts to those who aren't paying tax.
This post was edited on 3/28/17 at 9:43 am
Posted on 3/28/17 at 9:40 am to Tigerdev
You've always been a joke here however
Tax cuts have created jobs and even created more revenue before. Reagans tax cuts did not blow up the deficit contrary to libtard belief. You need to read the Cato institutes white paper research on this. I have linked it here before. You won't like the results so I doubt you have he courage to read it.
Tax cuts have created jobs and even created more revenue before. Reagans tax cuts did not blow up the deficit contrary to libtard belief. You need to read the Cato institutes white paper research on this. I have linked it here before. You won't like the results so I doubt you have he courage to read it.
Posted on 3/28/17 at 9:40 am to LSU12223
When you look at the deductions and loopholes a lot of wealthy people aren't getting dragged as much as it would appear. Don't most of them end up paying effective rates in the 20-35% range at the end of the day?
Posted on 3/28/17 at 9:40 am to BamaAtl
quote:
Yeah, the rich has really been 'soaked' since Reagan.
That's a meaningless graph. Post one of effective tax rates and we can have a discussion.
Posted on 3/28/17 at 9:41 am to Tigerdev
quote:
Don't most of them end up paying effective rates in the 20-35% range at the end of the day?
Yes. And on average, they still pay a higher effective rate as you move down the percentiles of earners.
Posted on 3/28/17 at 9:42 am to MSMHater
quote:
Could anyone actually define these for me relative to tax policy?
Both are such relative, mostly subjective, terms in political debates.
I think they want you to come up with your own definition and for their sake it would be:
Rich = white republicans
Middle Class = everyone else
Posted on 3/28/17 at 9:42 am to Fat Bastard
When was the last time a Republican reduced the deficit from beginning of term to end?
Posted on 3/28/17 at 9:43 am to DirtyMike
quote:
Or just not cut taxes for the top tax bracket but cut the others?
There's a relatively large chunk of "taxpayers" who have a net negative federal income tax liability. In other words, they pay 0 federal income tax and get money back. How do you cut their taxes?
Posted on 3/28/17 at 9:43 am to the808bass
quote:Totally. My point is that people like to exaggerate the extent that EVERYONE pays taxes in this country. The effective rate that people and especially the wealthy pay here is actually very low compared to many western countries.
Yes. And on average, they still pay a higher effective rate as you move down the percentiles of earners.
Posted on 3/28/17 at 9:45 am to Tigerdev
quote:
When was the last time a Republican reduced the deficit from beginning of term to end?
When is the last time a Democrat President increased the Federal Debt by more than every President before him combined?
Oh the guy who left office a couple months ago!
Posted on 3/28/17 at 9:46 am to TheXman
quote:
I think they want you to come up with your own definition and for their sake it would be:
Rich = white republicans
Middle Class = everyone else
I think that's what WAPO wants, yes. But even around here the terms are just thrown around without meaning.
Posted on 3/28/17 at 9:46 am to Tigerdev
quote:
When was the last time a Republican reduced the deficit from beginning of term to end
Lol
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