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re: In your opinion, should rich people pay more in income taxes?

Posted on 7/3/20 at 3:47 pm to
Posted by alphaandomega
Tuscaloosa-Here to Serve
Member since Aug 2012
17137 posts
Posted on 7/3/20 at 3:47 pm to
Flat tax.

Everyone should pay the same rate. We are supposed to be equal....

And while we are at it lets limit welfare to 24 months for a lifetime. It can be a safety net but it shouldnt be a lifestyle.

Get a job you lazy bastard.
Posted by GaryGator
The Swamp
Member since Jun 2017
7266 posts
Posted on 7/3/20 at 3:48 pm to
quote:

They already do.

How is this so hard to understand?
Posted by CDawson
Louisiana
Member since Dec 2017
20298 posts
Posted on 7/3/20 at 3:48 pm to
Yep, everyone should pay the same percentage.
Posted by Taxing Authority
Houston
Member since Feb 2010
63500 posts
Posted on 7/3/20 at 3:50 pm to
quote:

You're not this dumb. Nobody is.
Feel free to show me who has more than one vote.

quote:

What's the point you're trying to make with Transfer Payments Chart?
And you called me "dumb". If the "rich" are controlling government, they are controlling it give an asspile of money to "the poor".

The idea that 1,409 people have more political clout than 70,000,000 other voters is silly.
Posted by Taxing Authority
Houston
Member since Feb 2010
63500 posts
Posted on 7/3/20 at 3:51 pm to
quote:

How much does the top 1% own of national income and national wealth?

We could answer your question if we had that info.
I mean... it's never too late to read the this thread.
Posted by David_DJS
Member since Aug 2005
22765 posts
Posted on 7/3/20 at 3:56 pm to
quote:

Feel free to show me who has more than one vote.


Are you seriously suggesting that the Kock brothers and George Soros have had no more political influence the last two decades than me?

quote:

And you called me "dumb".


No. I said that you weren't dumb enough to actually believe what you're arguing. I stand by that.

quote:

If the "rich" are controlling government, they are controlling it give an asspile of money to "the poor"


First, I'm hardly here arguing that the poor in the country have it bad.

But I am arguing that you're deluded in your (apparent) beliefs about the rich, what they pay, what they receive, and how politics and our economy work.

So back to the chart - are you saying that chart shows the transfer of wealth from the 1% to those below them on the food chain?
Posted by Jorts R Us
Member since Aug 2013
17551 posts
Posted on 7/3/20 at 3:57 pm to
quote:

Income tax just needs to be simplified. Trump's reforms helped but there is still work to do.



That depends on which area of income tax you are talking about. Corporate income tax wasn't simplified; certainly not for multinationals.

I don't think it was any more streamlined for passthroughs either.

Actually, save for bumping the std deduction, I'm not really sure it got much simpler for individuals.
This post was edited on 7/3/20 at 4:02 pm
Posted by highcotton2
Alabama
Member since Feb 2010
10525 posts
Posted on 7/3/20 at 3:59 pm to
quote:

In your opinion, should rich people pay more in income taxes?


quote:

'm putting a line of $350k or more a year in gross income. That's basically your top 2% income earners.



I have not read any of this thread so I am sure this has been asked.

How much does a married couple making $75,000 pay? How much does a married couple making $350,000 in earned income pay? Which is more?
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
95669 posts
Posted on 7/3/20 at 4:01 pm to
quote:

"rich should pay more in taxes"


They do.

But, you're right because the idiots who spew that don't know they do.

(Or they do and they're propagandists.)
Posted by David_DJS
Member since Aug 2005
22765 posts
Posted on 7/3/20 at 4:03 pm to
quote:

They do.

But, you're right because the idiots who spew that don't know they do


How much of national income does the 1% pay?

How much of total taxes are paid by the 1%?

I'm assuming you know given your comment, and am genuinely interested in that information.
Posted by the808bass
The Lou
Member since Oct 2012
128846 posts
Posted on 7/3/20 at 4:06 pm to
38.5%
The next 9% pay 31.6%.
So the top 10% pay 70% of the income taxes.
This post was edited on 7/3/20 at 4:08 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
63500 posts
Posted on 7/3/20 at 4:06 pm to
quote:

Are you seriously suggesting that the Kock brothers and George Soros have had no more political influence the last two decades than me?
I have no idea who you are or what you've done. I do know a billionaire that probably couldn't tell you who his Congressman is. So... measuring political clout by income seems like a stupid concept.

Soros doens't even get a vote. He does influence others. But so did George Floyd, and the Derek Chauvin. I don't think either one are billionaires.

Like I said 1,409 people pay more than then bottom 70,000,000. If you think its equal... I don't know what to tell you. You suck at math.


quote:

No. I said that you weren't dumb enough to actually believe what you're arguing. I stand by that.
Oh. Cool. I didn't realize we had a mind reader among us. Can you tell me other things I believe?

quote:

So back to the chart - are you saying that chart shows the transfer of wealth from the 1% to those below them on the food chain?
Good lord. I'll try this like you're five. The government has instituted massive transfer of revenue FROM "the rich" TO "the poor". If "the rich" have more political leverage than "the poor" why would they do that?

All the while the are voting themselves a greater share of taxes paid?



As I said... if they are controlling government to their "advantage" they are doing it wrong.

Even more simply... why do you think politicians campaing on "middle class tax cuts" if votes don't count?
Posted by Taxing Authority
Houston
Member since Feb 2010
63500 posts
Posted on 7/3/20 at 4:07 pm to
quote:


How much of national income does the 1% pay?

How much of total taxes are paid by the 1%?
Literally two pages back.
Posted by thelawnwranglers
Member since Sep 2007
42369 posts
Posted on 7/3/20 at 4:08 pm to
They already do

% and dollars

Close the loop holes
Posted by the808bass
The Lou
Member since Oct 2012
128846 posts
Posted on 7/3/20 at 4:09 pm to
quote:

Close the loop holes

For the middle and lower classes.
Posted by Nigel Farage
South of the Mason-Dixon
Member since Dec 2019
1242 posts
Posted on 7/3/20 at 4:10 pm to
Yes I’m am ok with a graduated income tax. However people who are on the lower end of the high earned spectrum get lumped in with the Uber wealthy who can afford to have some accountant offshore their assets.

I think we really need to break up the different wealthy tax brackets because a guy who earns 250k a year isn’t the same as someone who earns a million a year etc.

I also believe poor people shouldn’t be able to constantly get handouts for shitting out one more kid from a different father. I have a complicated view of the US tax code tbh, some of it would be popular here and some of it wouldn’t be.
This post was edited on 7/3/20 at 4:14 pm
Posted by TigerCoon
Member since Nov 2005
22476 posts
Posted on 7/3/20 at 4:10 pm to
quote:

Don't know. That's not enough information.

How much does the top 1% own of national income and national wealth? irrelevant

What percentage of total taxes does the 1% pay? almost 40 % of income tax

We could answer your question if we had that info.



My question is why is any of that your business?
This post was edited on 7/3/20 at 4:15 pm
Posted by David_DJS
Member since Aug 2005
22765 posts
Posted on 7/3/20 at 4:13 pm to
quote:

Literally two pages back.


Remember we're not being dumb here. I asked about total taxes, not income taxes only.
Posted by armsdealer
Member since Feb 2016
12297 posts
Posted on 7/3/20 at 4:19 pm to
No one should pay taxes on their income.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
95669 posts
Posted on 7/3/20 at 4:20 pm to
quote:


How much of national income does the 1% pay?


The top 1% of income tax earners pay between 35 and 40 percent of the nation's income taxes.

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