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re: IRS Billionaire leak: Bezos paid $0 in income tax, got a $4k tax credit for his two kids
Posted on 6/9/21 at 12:52 pm to dgnx6
Posted on 6/9/21 at 12:52 pm to dgnx6
quote:
So what is the cap one should earn that you deem them a good person and not part of the 1% you are claiming to hate?
Or did you buy into the middle class Joe bullshite?
I didn't start grading people's value systems on incomes. You did, by saying I shouldn't have voted for Biden because he made some money off a book deal.
Posted on 6/9/21 at 12:52 pm to mmmmmbeeer
quote:
The regressive nature of our tax code
lolwut? We have one of the most progressive, if not the most progressive tax system in the entire world.
Posted on 6/9/21 at 12:52 pm to GRTiger
quote:
because you personally feel harmed by other people's money and success.
He is absolutely bitter at the idea people are more successful than he. (damnit, assumed gender)
Thats what his entire ideology is framed around.
Posted on 6/9/21 at 12:53 pm to Thecoz
quote:
Can not hate the person…but fix the issue….I am guessing his wealth is converted to money in some other country????
That and leverage.
Posted on 6/9/21 at 12:53 pm to Centinel
quote:
We have one of the most progressive, if not the most progressive tax system in the entire world
That doesn't inherently make it not regressive.
Just less so than others.
Posted on 6/9/21 at 12:54 pm to mmmmmbeeer
quote:
didn't start grading people's value systems on incomes. You did, by saying I shouldn't have voted for Biden because he made some money off a book deal.
No I didn't. You did. I don't care what Biden makes, I'm not the one bitching about the rich then voting for them.
Posted on 6/9/21 at 12:55 pm to dgnx6
We live in a modern society where charities like "feeding America" shouldn't exist. Nor should hospitals that rely on donations like St Jude.
We should have figured out by now how the product of our labor as Americans provides basic food on the table for all citizens and as well as healthcare. Housing is different story. Get a roommate etc.
Capitalism at it's extreme which is where we have been heading the last 40 years means 100 people own all the resources. Before long you may have to pay them to breathe.
We should have figured out by now how the product of our labor as Americans provides basic food on the table for all citizens and as well as healthcare. Housing is different story. Get a roommate etc.
Capitalism at it's extreme which is where we have been heading the last 40 years means 100 people own all the resources. Before long you may have to pay them to breathe.
Posted on 6/9/21 at 12:57 pm to Abstract Queso Dip
quote:
Capitalism at it's extreme which is where we have been heading the last 40 years
We are less capitalistic than we were 40 years ago. THe government is far more entwined in the economy (not capitalistic) more than any time except WWII.
Posted on 6/9/21 at 12:59 pm to Abstract Queso Dip
quote:
We should have figured out by now how the product of our labor as Americans provides basic food on the table for all citizens and as well as healthcare.
We as humans are extremely efficient at producing food.
Problem is transporting and storage.
And we do provide Healthcare.
And they are already telling us how and where we are allowed to breathe. Don't forget your mask.
But let me guess, billionaire Oprah made us.
This post was edited on 6/9/21 at 1:03 pm
Posted on 6/9/21 at 1:00 pm to Mingo Was His NameO
quote:
That doesn't inherently make it not regressive.
Yes, it does. The wealthiest in this country pay the overwhelming majority of taxes. That is an absolute fact and the very definition of a progressive tax system.
Posted on 6/9/21 at 1:02 pm to dgnx6
Medical bills are the number 1 reason for people filing bankruptcy.
Posted on 6/9/21 at 1:09 pm to Abstract Queso Dip
quote:
We live in a modern society where charities like "feeding America" shouldn't exist. Nor should hospitals that rely on donations like St Jude.
These entities are much more efficient at what they do than the government will ever be. We need more of these charities and less government
Posted on 6/9/21 at 1:10 pm to jchamil
quote:
These entities are much more efficient at what they do than the government will ever be. We need more of these charities and less government
That's clearly not what he's saying
Posted on 6/9/21 at 1:12 pm to Centinel
quote:
The wealthiest in this country pay the overwhelming majority of taxes. That is an absolute fact
Bingo.
Posted on 6/9/21 at 1:13 pm to Abstract Queso Dip
quote:
Medical bills are the number 1 reason for people filing bankruptcy.
True but how much if that is also down to this? Or combination of?
quote:
Other reasons include unaffordable mortgages or foreclosure, at 45 percent; followed by spending or living beyond one's means, 44.4 percent; providing help to friends or relatives, 28.4 percent; student loans, 25.4 percent; or divorce or separation, 24.4 percent.
I'm merely stating we provide Healthcare.
quote:
The U.S. is famous for over-spending on health care. The nation spent 17.8 percent of its GDP on health care in 2016.
Which is 5 times higher than the military for those keeping track that tend to think all of our spending goes to the military.
quote:
The real difference between the American health care system and systems abroad is pricing.
Specialists, nurses and primary care doctors all earn significantly more in the U.S. compared to other countries.
So all you folks in the medical field willing to take a pay cut?
Or cap their earnings? why not?
This post was edited on 6/9/21 at 1:28 pm
Posted on 6/9/21 at 1:14 pm to RogerTheShrubber
quote:
The wealthiest in this country pay the overwhelming majority of taxes. That is an absolute fact
They also make the overwhelming majority of money. That speaks nothing about how much or low little regressive the system is
Posted on 6/9/21 at 1:21 pm to Mingo Was His NameO
quote:
That speaks nothing about how much or low little regressive the system is
The definition of a progressive tax system is that the wealthiest pay the majority of the taxes.
You may not like how much they pay relative to their wealth, but that is irrelevant when it comes to what is or is not a progressive tax system.
This post was edited on 6/9/21 at 1:25 pm
Posted on 6/9/21 at 1:24 pm to Mingo Was His NameO
quote:
That's clearly not what he's saying
No, that's pretty much what it was getting at
Posted on 6/9/21 at 1:30 pm to Mingo Was His NameO
quote:
They also make the overwhelming majority of money. That speaks nothing about how much or low little regressive the system is
The top 1% earn 21% of AGI while paying 38.5% of the income tax.
The bottom 50% earn 11.3% of AGI while paying 3.1% of the income tax.
Tax Foundation
Posted on 6/9/21 at 1:32 pm to jchamil
quote:
No, that's pretty much what it was getting at
I don't think so at all. He's saying we should have figured out how to produce and compensate our labor efficiently enough to not have to rely on charity.
Nowhere is the government mentioned as part of that
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