danielpalos
Diamond Member
- Banned
- #21
lol. whiners. raise the minimum wage until the Poor pay their fair share.A number of the liberals in this forum have argued that if the rich make 90% of the all the income earned in America, they should pay an income tax rate of 90%. I have a scenario:
Suppose that the highest income that anyone earned in the hypothetical nation of Marxist Land happened to be $100,000 per year, and that only 100 of Marxist Land's 1,000 citizens earned that much. Suppose that everyone else in Marxist Land earned less than $2,000. This would make those 100 $100,000 earners the top 10% of earners in the land, and they would be earning 84% of all the income earned by Marxist Land's citizens. Oh, and suppose that all of those top 10% earners happened to be liberals, and that they were already paying an income tax rate of 37%, in addition to their property taxes.
Okay, now, what do you suppose those 100 liberals would say if Marxist Land's legislature tried to pass a law that said that the top 10% should pay an income tax rate equal to their share of the total income earned by the nation's citizens, which would be 84%? What do you think they'd say?
According to our resident liberals, this would be an eminently fair piece of legislation and a great idea, and would be a great boost to Marxist Land's economy! Do you think those 100 liberals would agree that they should pay an income tax rate of 84%?
I won't even bother to point out the stupidity of your whole argument. Suffice to say, it's just plain stupid and let's leave it at that.
Umm, sorry, but that's EXACTLY what some liberals here have proposed. Go read the liberal replies in my thread The Rich Are *Not* Paying Their Fair Share? The Facts Say Otherwise and see with your own eyes.
Yes, if you only use about every 3rd word and leave out the rest. This is another case of either selective reading or just plain making shit up. I suggest you read up on the Marginal Tax Rate that went by the way in the early 1980s. It was created in 1935 and taxed on amounts only when a ceiling was reached. For instance, in 1935, that amount was 75% at 250,000. Anything less than that was the normal taxation. Today, that amount would be adjusted to 3.4 million. What has been proposed is to put the Marginal Tax Rate at 10 million and 70%.
In 1935, only one person actually paid the Marginal Tax Rate. Just one. It's not before adjusted income, it's after adjusted income. How do you think the rich get by by paying either ridiculously low percentages or no tax at all on their income? In the 2008 Presidential Election, Obama paid 18% for the year before while Romney paid 12%. I paid about 26% myself and so did most Americans on the average. Romney had millions in income that year yet he paid very little tax. But I have to give it to him, at least he reported much of it. Most of the super rich figure out ways to pay nothing. So who, exactly, will pay that Marginal Tax Rate? No one unless they clean the tax system up which they need to do. But won't because the biggest cheaters are the ones that write the laws.
Cool, you cherry picked a few cases...BUT, BUT, BUT you twisted wacks hate “painting with a broad brush”....right?
What about the inconvenient truth below?
Top 20% of Americans Will Pay 87% of Income Tax