You are 'effectively' wrong as usual. Unlike taxing the rich more to redistribute it to the poor is, simply lowering the tax burden of the wealthy does not change how much the poor have or owe, therefore it is NOT a redistribution.
Navigation
Install the app
How to install the app on iOS
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
More options
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
50% of Americans do not pay income tax?
- Thread starter edjax1952
- Start date
You are 'effectively' wrong as usual. Unlike taxing the rich more to redistribute it to the poor is, simply lowering the tax burden of the wealthy does not change how much the poor have or owe, therefore it is NOT a redistribution.
Big Fitz
User Quit *****
- Nov 23, 2009
- 16,917
- 2,522
- 48
Then how is it the bottom 40% profits from doing taxes?SOI Tax Stats - Collections and Refunds, by Type of Tax - IRS Data Book Table 1
The excel file from the IRS records is found here under 2010. Amounts in Thousands of Dollars
Now for how much do we then refund?Business income tax Total: 277,937,220
Corporations: 277,473,918
Tax-exempt organization unrelated business income tax : 463,302
Individual and estate and trust income tax [4, 5] (Total): 1,175,989,528
Individual income tax withheld : 899,588,661
Individual income tax payments [6] : 264,098,927
Estate and trust income tax : 12,301,939
Employment taxes (Total) : 824,188,337
Old-Age, Survivors, Disability,
and Hospital Insurance (OASDHI), total [5] : 812,997,371
Federal Insurance Contributions Act (FICA) : 761,734,808 Self-Employment Insurance Contributions Act (SECA): 51,262,563 Unemployment insurance: 6,542,861
Railroad retirement : 4,648,105
Total Refunds: 1,877,753,005
Business Income tax Total Refunds: 179,598,611
Individual and estate and trust income tax Total Refunds : 814,015,325
Employment Tax Total Refunds : 819,972,289
Estate/Gift Tax Total Refunds : 18,842,767
So we collect 2.3 Trillion and give back 1.8? Who gets all this largess that we can freely give it out? Don't we have a budget crisis going on? Aren't we so far in debt now our Great Grandchildren will be paying this off till THEY have grand children? Just ending the redistribution of wealth, unfairly, from rich to poor, for the sake of your own bleeding heart who'd rather be generous with the money of others, than your own?
Reagan and the two Bushes lowered taxes for the rich to the point that they pay taxes at a lower rate than we do. This effectively transferred trillions of dollars from the middle class taxpayer to the wealthy.
The wealth has already been redistributed.....to the rich.
SOI Tax Stats - Collections and Refunds, by Type of Tax - IRS Data Book Table 1
The excel file from the IRS records is found here under 2010. Amounts in Thousands of Dollars
Now for how much do we then refund?
So we collect 2.3 Trillion and give back 1.8? Who gets all this largess that we can freely give it out? Don't we have a budget crisis going on? Aren't we so far in debt now our Great Grandchildren will be paying this off till THEY have grand children? Just ending the redistribution of wealth, unfairly, from rich to poor, for the sake of your own bleeding heart who'd rather be generous with the money of others, than your own?
Reagan and the two Bushes lowered taxes for the rich to the point that they pay taxes at a lower rate than we do. This effectively transferred trillions of dollars from the middle class taxpayer to the wealthy.
The wealth has already been redistributed.....to the rich.
You are 'effectively' wrong as usual. Unlike taxing the rich more to redistribute it to the poor is, simply lowering the tax burden of the wealthy does not change how much the poor have or owe, therefore it is NOT a redistribution.
Yes it is. The rich have that money in their pockets, and we now owe that money to the National Debt.
Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.
Who do you think "owes" the National Debt?
The middle class taxpayer.
Reagan and the two Bushes lowered taxes for the rich to the point that they pay taxes at a lower rate than we do. This effectively transferred trillions of dollars from the middle class taxpayer to the wealthy.
The wealth has already been redistributed.....to the rich.
You are 'effectively' wrong as usual. Unlike taxing the rich more to redistribute it to the poor is, simply lowering the tax burden of the wealthy does not change how much the poor have or owe, therefore it is NOT a redistribution.
Yes it is. The rich have that money in their pockets, and we now owe that money to the National Debt.
Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.
Who do you think "owes" the National Debt?
The middle class taxpayer.
Wrong again. To redistribute wealth it has to be taken from someone FIRST. Calling something a redistribution because of who you think might be on the hook for it is no such thing. The debt was created by the expansion of government over time in the form of entitlements and an increase our overseas miltary power. And wrong a third time, the middle class tax payer or any tax payer in general for that matter, are not responsible for the debt. The federal government is responsible for fixing it because they created it.
Last edited:
Big Fitz
User Quit *****
- Nov 23, 2009
- 16,917
- 2,522
- 48
Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.
You are 'effectively' wrong as usual. Unlike taxing the rich more to redistribute it to the poor is, simply lowering the tax burden of the wealthy does not change how much the poor have or owe, therefore it is NOT a redistribution.
Yes it is. The rich have that money in their pockets, and we now owe that money to the National Debt.
Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.
Who do you think "owes" the National Debt?
The middle class taxpayer.
Wrong again. To redistribute wealth it has to be taken from someone FIRST. Calling something a redistribution because of who you think might be on the hook for it is no such thing. The debt was created by the expansion of government over time in the form of entitlements and an increase our overseas miltary power. And wrong a third time, the middle class tax payer or any tax payer in general for that matter, are not responsible for the debt. The federal government is responsible for fixing it because they created it.
Horseshit.
The rich have the money in their pockets, and we are left with the bill.
Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.
According to Government - Historical Debt Outstanding - Annual 1950 - 1999, the debt at the end of the 1980 fiscal year, on September 30th, 1980, was $907,701,000,000. On September 30th, 1981, it was $997,855,000,000. Averaging it out over the year gives a debt of $246,997,260.27 per day.
Reagan took office 112 days later on January 20th, 1981. The debt on that date could be estimated as $907,701,000,000 plus 112 x $246,997,260.27, or $935,364,693,151.
Bill Clinton was the first president to slow the rate of the accrual of debt after the current out-of-control spending began with the Borrow and Spend Republicans in 1981.
The final amount of the senior Bush debt was $4,174,218,594,232.91 (according to Debt to the Penny (Daily History Search Application)), and Clinton became president on January 20th, 1993. Bill Clinton saw $1,553,558,144,071.73 added to the national debt during the eight years of his presidency.
However, from the start of fiscal year 1994 (7 months after Clinton became president), until the start of fiscal year 2002 (7 months after Bush took office), the amount of money paid toward interest on the existing Federal debt was $2,767,282,794,374.59 (Government - Interest Expense on the Debt Outstanding).
Therefore, no amount of the national debt is attributable to Bill Clinton - his policies of higher taxes and reduced spending actually simultaneously reduced the debt and brought about the strongest economy since World War II, despite the fiscal disaster left in the wake of Reagan and the first Bush.
The debt was at $5,727,776,738,304.64 on January 19th, 2001, the last business day before George W. Bush took the office of president. The debt was at $10,628,881,485,510.23 on January 16th, 2009, the last business day before Barack H. Obama became president.
ReaganBushDebt.org Calculation Details
Big Fitz
User Quit *****
- Nov 23, 2009
- 16,917
- 2,522
- 48
Yes I've listened to Thom Hartmann's pseudo scientific theory before. Holds no water here, just like your chicken little religion.Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.
According to Government - Historical Debt Outstanding - Annual 1950 - 1999, the debt at the end of the 1980 fiscal year, on September 30th, 1980, was $907,701,000,000. On September 30th, 1981, it was $997,855,000,000. Averaging it out over the year gives a debt of $246,997,260.27 per day.
Reagan took office 112 days later on January 20th, 1981. The debt on that date could be estimated as $907,701,000,000 plus 112 x $246,997,260.27, or $935,364,693,151.
Bill Clinton was the first president to slow the rate of the accrual of debt after the current out-of-control spending began with the Borrow and Spend Republicans in 1981.
The final amount of the senior Bush debt was $4,174,218,594,232.91 (according to Debt to the Penny (Daily History Search Application)), and Clinton became president on January 20th, 1993. Bill Clinton saw $1,553,558,144,071.73 added to the national debt during the eight years of his presidency.
However, from the start of fiscal year 1994 (7 months after Clinton became president), until the start of fiscal year 2002 (7 months after Bush took office), the amount of money paid toward interest on the existing Federal debt was $2,767,282,794,374.59 (Government - Interest Expense on the Debt Outstanding).
Therefore, no amount of the national debt is attributable to Bill Clinton - his policies of higher taxes and reduced spending actually simultaneously reduced the debt and brought about the strongest economy since World War II, despite the fiscal disaster left in the wake of Reagan and the first Bush.
The debt was at $5,727,776,738,304.64 on January 19th, 2001, the last business day before George W. Bush took the office of president. The debt was at $10,628,881,485,510.23 on January 16th, 2009, the last business day before Barack H. Obama became president.
ReaganBushDebt.org Calculation Details
Yes I've listened to Thom Hartmann's pseudo scientific theory before. Holds no water here, just like your chicken little religion.
According to Government - Historical Debt Outstanding - Annual 1950 - 1999, the debt at the end of the 1980 fiscal year, on September 30th, 1980, was $907,701,000,000. On September 30th, 1981, it was $997,855,000,000. Averaging it out over the year gives a debt of $246,997,260.27 per day.
Reagan took office 112 days later on January 20th, 1981. The debt on that date could be estimated as $907,701,000,000 plus 112 x $246,997,260.27, or $935,364,693,151.
Bill Clinton was the first president to slow the rate of the accrual of debt after the current out-of-control spending began with the Borrow and Spend Republicans in 1981.
The final amount of the senior Bush debt was $4,174,218,594,232.91 (according to Debt to the Penny (Daily History Search Application)), and Clinton became president on January 20th, 1993. Bill Clinton saw $1,553,558,144,071.73 added to the national debt during the eight years of his presidency.
However, from the start of fiscal year 1994 (7 months after Clinton became president), until the start of fiscal year 2002 (7 months after Bush took office), the amount of money paid toward interest on the existing Federal debt was $2,767,282,794,374.59 (Government - Interest Expense on the Debt Outstanding).
Therefore, no amount of the national debt is attributable to Bill Clinton - his policies of higher taxes and reduced spending actually simultaneously reduced the debt and brought about the strongest economy since World War II, despite the fiscal disaster left in the wake of Reagan and the first Bush.
The debt was at $5,727,776,738,304.64 on January 19th, 2001, the last business day before George W. Bush took the office of president. The debt was at $10,628,881,485,510.23 on January 16th, 2009, the last business day before Barack H. Obama became president.
ReaganBushDebt.org Calculation Details
Actually you post contains no facts whatsoever.
The link I posted has links to the Treasury website.
Who's Thom Hartmann?
Big Fitz
User Quit *****
- Nov 23, 2009
- 16,917
- 2,522
- 48
Of course not. I don't bother to argue the stuidity spouted by other conspiracy nuts like truthers and birthers either. I need to ignore chicken littles better.Yes I've listened to Thom Hartmann's pseudo scientific theory before. Holds no water here, just like your chicken little religion.According to Government - Historical Debt Outstanding - Annual 1950 - 1999, the debt at the end of the 1980 fiscal year, on September 30th, 1980, was $907,701,000,000. On September 30th, 1981, it was $997,855,000,000. Averaging it out over the year gives a debt of $246,997,260.27 per day.
Reagan took office 112 days later on January 20th, 1981. The debt on that date could be estimated as $907,701,000,000 plus 112 x $246,997,260.27, or $935,364,693,151.
Bill Clinton was the first president to slow the rate of the accrual of debt after the current out-of-control spending began with the Borrow and Spend Republicans in 1981.
The final amount of the senior Bush debt was $4,174,218,594,232.91 (according to Debt to the Penny (Daily History Search Application)), and Clinton became president on January 20th, 1993. Bill Clinton saw $1,553,558,144,071.73 added to the national debt during the eight years of his presidency.
However, from the start of fiscal year 1994 (7 months after Clinton became president), until the start of fiscal year 2002 (7 months after Bush took office), the amount of money paid toward interest on the existing Federal debt was $2,767,282,794,374.59 (Government - Interest Expense on the Debt Outstanding).
Therefore, no amount of the national debt is attributable to Bill Clinton - his policies of higher taxes and reduced spending actually simultaneously reduced the debt and brought about the strongest economy since World War II, despite the fiscal disaster left in the wake of Reagan and the first Bush.
The debt was at $5,727,776,738,304.64 on January 19th, 2001, the last business day before George W. Bush took the office of president. The debt was at $10,628,881,485,510.23 on January 16th, 2009, the last business day before Barack H. Obama became president.
ReaganBushDebt.org Calculation Details
Actually you post contains no facts whatsoever.
The link I posted has links to the Treasury website.
Who's Thom Hartmann?
Last edited:
Of course not. I don't bother to argue the stuidity spouted by other conspiracy nuts like truthers and birthers either. I need to ignore chicken littles better.Yes I've listened to Thom Hartmann's pseudo scientific theory before. Holds no water here, just like your chicken little religion.
Actually you post contains no facts whatsoever.
The link I posted has links to the Treasury website.
Who's Thom Hartmann?
When people have no facts, they finally start posting insults.
I posted links to the Treasury websites.
RDD_1210
Forms his own opinions
- May 13, 2010
- 18,981
- 1,817
- 265
Of course not. I don't bother to argue the stuidity spouted by other conspiracy nuts like truthers and birthers either. I need to ignore chicken littles better.Actually you post contains no facts whatsoever.
The link I posted has links to the Treasury website.
Who's Thom Hartmann?
When people have no facts, they finally start posting insults.
I posted links to the Treasury websites.
You're arguing with someone who doesn't grasp basic economics. I've been through extremely basic scenarios with him before that he simply couldn't grasp. And like here, he turned to insults when he had no answer to these basic questions.
Big Fitz
User Quit *****
- Nov 23, 2009
- 16,917
- 2,522
- 48
Do declare victory. Please do. Is this 'science' settled too?Of course not. I don't bother to argue the stuidity spouted by other conspiracy nuts like truthers and birthers either. I need to ignore chicken littles better.Actually you post contains no facts whatsoever.
The link I posted has links to the Treasury website.
Who's Thom Hartmann?
When people have no facts, they finally start posting insults.
I posted links to the Treasury websites.
I'll leave you to your twisted fantasy world.
Yes it is. The rich have that money in their pockets, and we now owe that money to the National Debt.
Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.
Who do you think "owes" the National Debt?
The middle class taxpayer.
Wrong again. To redistribute wealth it has to be taken from someone FIRST. Calling something a redistribution because of who you think might be on the hook for it is no such thing. The debt was created by the expansion of government over time in the form of entitlements and an increase our overseas miltary power. And wrong a third time, the middle class tax payer or any tax payer in general for that matter, are not responsible for the debt. The federal government is responsible for fixing it because they created it.
Horseshit.
The rich have the money in their pockets, and we are left with the bill.
I 'm sorry you failed the most rudimentary accounting classes but that is simply, factually incorrect. Lowering the liabilities of one group does not require they be made up by another group.
Big Fitz
User Quit *****
- Nov 23, 2009
- 16,917
- 2,522
- 48
you fail to grasp ignoring fools false scenarios for not understanding economics.Of course not. I don't bother to argue the stuidity spouted by other conspiracy nuts like truthers and birthers either. I need to ignore chicken littles better.
When people have no facts, they finally start posting insults.
I posted links to the Treasury websites.
You're arguing with someone who doesn't grasp basic economics. I've been through extremely basic scenarios with him before that he simply couldn't grasp. And like here, he turned to insults when he had no answer to these basic questions.
RDD_1210
Forms his own opinions
- May 13, 2010
- 18,981
- 1,817
- 265
Wrong again. To redistribute wealth it has to be taken from someone FIRST. Calling something a redistribution because of who you think might be on the hook for it is no such thing. The debt was created by the expansion of government over time in the form of entitlements and an increase our overseas miltary power. And wrong a third time, the middle class tax payer or any tax payer in general for that matter, are not responsible for the debt. The federal government is responsible for fixing it because they created it.
Horseshit.
The rich have the money in their pockets, and we are left with the bill.
I 'm sorry you failed the most rudimentary accounting classes but that is simply, factually incorrect. Lowering the liabilities of one group does not require they be made up by another group.
Well it does when to make up for those lost revenues it means cutting services used by the poor & middle class.
RDD_1210
Forms his own opinions
- May 13, 2010
- 18,981
- 1,817
- 265
you fail to grasp ignoring fools false scenarios for not understanding economics.When people have no facts, they finally start posting insults.
I posted links to the Treasury websites.
You're arguing with someone who doesn't grasp basic economics. I've been through extremely basic scenarios with him before that he simply couldn't grasp. And like here, he turned to insults when he had no answer to these basic questions.
English isn't your first language, is it?
Horseshit.
The rich have the money in their pockets, and we are left with the bill.
I 'm sorry you failed the most rudimentary accounting classes but that is simply, factually incorrect. Lowering the liabilities of one group does not require they be made up by another group.
Well it does when to make up for those lost revenues it means cutting services used by the poor & middle class.
Right, because our government is running at peak efficiency right now and there just isn't any waste to be found anywhere. Get fucking real.
RDD_1210
Forms his own opinions
- May 13, 2010
- 18,981
- 1,817
- 265
I 'm sorry you failed the most rudimentary accounting classes but that is simply, factually incorrect. Lowering the liabilities of one group does not require they be made up by another group.
Well it does when to make up for those lost revenues it means cutting services used by the poor & middle class.
Right, because our government is running at peak efficiency right now and there just isn't any waste to be found anywhere. Get fucking real.
Because the budget cuts agreed upon at the beginning of the month will only be cutting government waste?
Similar threads
- Replies
- 1
- Views
- 64
- Poll
- Replies
- 184
- Views
- 2K
- Replies
- 716
- Views
- 7K
- Replies
- 27
- Views
- 413
- Replies
- 24
- Views
- 363
Latest Discussions
- Replies
- 314
- Views
- 2K
- Replies
- 484
- Views
- 8K
- Replies
- 31
- Views
- 262
Forum List
-
-
-
-
-
Political Satire 8545
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ObamaCare 781
-
-
-
-
-
-
-
-
-
-
-
Member Usernotes 485
-
-
-
-
-
-
-
-
-
-