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re: In your opinion, should rich people pay more in income taxes?
Posted on 7/3/20 at 4:44 pm to Ace Midnight
Posted on 7/3/20 at 4:44 pm to Ace Midnight
quote:
It's not a better representation of income taxes - which is the topic of the OP. If you want to start a topic on how "regressive" payroll taxes are, feel free.
Oh, okay - I didn't realize there was to be no deviation from the topic of the OP.
Are we allowed to type without a mask on?
1
Posted on 7/3/20 at 4:45 pm to Taxing Authority
quote:
Really doesn’t matter since payroll taxes are flat-rate, income capped, and most of the money paid in is paid out at proportional rates.
Even more than that - the payroll taxes fund insurance and benefit programs that fall disproportionately on the lower and middle quintiles.
Posted on 7/3/20 at 4:46 pm to David_DJS
quote:
Are we allowed to type without a mask on?
Yes. You and I are largely on the same page as far as masks go, near as I can tell.
You took a long time to get to your, "payroll taxes are regressive" point. Next time - OUT WITH IT, MAN!
This post was edited on 7/3/20 at 4:47 pm
Posted on 7/3/20 at 4:46 pm to David_DJS
quote:Considering I founded and own a company that specializes in analytical modeling... I’m unlikely to be impressed.
Unless you've got a graduate degree in an engineering discipline, I probably know math better than you.
quote:I literally do not know how to help you.
Then why are you showing a graph showing a short list of transfer payments from all tax payers?
quote:Covered that above.
So now post the graph that shows the percentage of payroll taxes the rich pay - payroll taxes being about a third of taxes collected by the federal government.
Posted on 7/3/20 at 4:47 pm to uppermidwestbama
we are already in the highest tax bracket available, like 40%. how much more taxes am i supposed to pay?
the problem are people like Bezos who don't pay shite and are worth 150b or whatever.
the problem are people like Bezos who don't pay shite and are worth 150b or whatever.
Posted on 7/3/20 at 4:47 pm to Taxing Authority
Speaking of which - TA - you should reach out and hire Chromedome. Wherever he works, they probably don't know what they have there.
Posted on 7/3/20 at 4:49 pm to David_DJS
quote:It was better when I posted it a few pages back.
I think this is a better representation of who pays what.
Posted on 7/3/20 at 4:49 pm to Ace Midnight
quote:
You took a long time to get to your, "payroll taxes are regressive" point. Next time - OUT WITH IT, MAN
That's a discussion point. And it's real, as well as the other taxes (besides income taxes) the feds collect.
But my overriding point is that (pardon if my assumption here is wrong) you and me - assume we're comfortably upper-middle income ... we are useful idiots for the exceedingly wealthy much like blacks are for Dems. And if you think about it rather than react to that, you'll understand my point at the very least, and may be surprised by some level of agreement.
Posted on 7/3/20 at 4:50 pm to Ace Midnight
quote:C’mon man. you know millionaires and billionares can’t wait to get that big fat SS check they voted for themselves at a whopping 1.2% return.
Even more than that - the payroll taxes fund insurance and benefit programs that fall disproportionately on the lower and middle quintiles.
Posted on 7/3/20 at 4:51 pm to uppermidwestbama
They do in just about every case. Now if you mean as a % of income earned that would be a no most likely.
Posted on 7/3/20 at 4:53 pm to David_DJS
quote:
may be surprised by some level of agreement.
Not on this point. Payroll taxes fund massive government programs that largely prevent folks from falling into poverty. Albeit very expensive (and we can talk about that), the exceedingly wealthy do not need these programs and would ditch them if they could.
ERGO, they're not undertaxed. Period.
(Money always equals power. Capitalism is the best system we have to equalize opportunity.)
Posted on 7/3/20 at 4:54 pm to Tridentds
They still pay more as a percentage of income.
Posted on 7/3/20 at 4:55 pm to Taxing Authority
quote:
Considering I founded and own a company that specializes in analytical modeling... I’m unlikely to be impressed.
The point wasn't that you weren't in upper level math classes. It was that you weren't alone.
quote:
I literally do not know how to help you.
Then I'll help you...with a question.
TARP - did that result in a transfer of wealth, and if so who received it and who paid it?
The open border - is it a fair argument that 20 million unskilled workers hold wages down for American unskilled workers, and the benefit is accrued within the employer class?
quote:
It was better when I posted it a few pages back
Where. I only see where you posted graphs for income taxes.
Posted on 7/3/20 at 5:03 pm to David_DJS
quote:
Unless you've got a graduate degree in an engineering discipline, I probably know math better than you.
quote:
The point wasn't that you weren't in upper level math classes. It was that you weren't alone.
I would suggest a class in rhetoric to go with your advanced math classes.
Posted on 7/3/20 at 5:05 pm to Ace Midnight
quote:
Money always equals power. Capitalism is the best system we have to equalize opportunity.
Agree 100%. Don't tell TA that, in his world we all get one vote and that's all that matters.
Capitalism is without doubt best. IMO - our brand of capitalism has changed and favors the elite too much. Competition should fuel capitalism, not lobbying.
quote:
Not on this point. Payroll taxes fund massive government programs that largely prevent folks from falling into poverty. Albeit very expensive (and we can talk about that), the exceedingly wealthy do not need these programs and would ditch them if they could
I could give a shite about PR taxes per se. I have never made the argument PR taxes are too regressive. My POV is broader than that.
A question for you - if Trump proposed a wealth tax and got all of us supporters onboard with it, and of course there'd a good portion of the Left that would jump onboard with it - - - do you think the progressive elite would be supportive?
I don't. I think they are happy and comfortable being "progressive" because they know they'll never have to live with the economic realities of what they espouse/lecture because the conservative middle and upper-middle class will forever react to the notion of them paying more taxes as we do. That's what I mean by playing useful idiots for them.
Posted on 7/3/20 at 5:13 pm to uppermidwestbama
I don't believe that income should be taxed at all. So no.
Posted on 7/3/20 at 5:16 pm to Jp1LSU
quote:
Corporate welfare costs the average middle class person way more than social welfare.
When you say corporate welfare are you talking about businesses getting to keep their own money?
Posted on 7/3/20 at 5:17 pm to uppermidwestbama
I do agree in a progressive tax structure. I also agree that even the lowest of income earners need skin in the game and should be paying something.
Posted on 7/3/20 at 5:19 pm to Jp1LSU
quote:
Corporate welfare costs the average middle class person way more than social welfare. Being auto-programed to defend the rich and hate the poor is a built in design of the system.
Posted on 7/3/20 at 5:22 pm to uppermidwestbama
your op fails to explain your pov.
"its mine, all mine" sounds like a line in a 1934 movie starring some maniacal fiend.
show your answers.
"its mine, all mine" sounds like a line in a 1934 movie starring some maniacal fiend.
show your answers.
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