Bernie is on the Senate floor posting pictures of Jeff Bezos' assets and demanding we stop giving him so much damn money

[francoHFW]

hi does the middle class disappear if people get too rich? are you saying because they move out of the middle class to the upper middle class?

People don't get too rich, dumbass, just the rich. LIKE NOW!!!!!!!! and the last 30 years of 28-38% top rate. Change the GD channel, BFM.

 

[hadit]

Then it was the pandemic...Happened EVERYWHERE both times...

Anything to protect Quid Pro, huh? If you're so adamant he had nothing to do with inflation, then you'll have no problem arguing that he gets no credit when it recovers. Heck, who am I kidding? Of course, you'll give him credit, you can't help yourself, dupe.

 

[hadit]

They're already being taxed. What we need to do is tax regular income at the same level as capital gains. That way everyone gets to pay lower taxes.

 

[hadit]

People don't get too rich, dumbass, just the rich. LIKE NOW!!!!!!!! and the last 30 years of 28-38% top rate. Change the GD channel, BFM.

Okay, let's go back to the pre-Reagan era rates and deductions both. Wouldn't it be cool to deduct credit card interest again?

 

[Grumblenuts]

According to journalist Jason DeParle:

At least five large studies in recent years have found the United States to be less mobile than comparable nations. A project led by Markus Jantti, an economist at a Swedish university, found that 42 percent of American men raised in the bottom fifth of incomes stay there as adults. That shows a level of persistent disadvantage much higher than in Denmark (25 percent) and Britain (30 percent)—a country famous for its class constraints.[29] Meanwhile, just 8 percent of American men at the bottom rose to the top fifth. That compares with 12 percent of the British and 14 percent of the Danes. Despite frequent references to the United States as a classless society, about 62 percent of Americans (male and female) raised in the top fifth of incomes stay in the top two-fifths, according to research by the Economic Mobility Project of the Pew Charitable Trusts. Similarly, 65 percent born in the bottom fifth stay in the bottom two-fifths.

 

[Nostra]

Rich not taxed enough equals not enough money to invest in infrastructure and education and training. Then you get the total crap GOP of today that only exists by duping the rubes....

The rich pay the vast majority of the tax bill, Dimbass.

47% paying no income tax is why you are uneducated.

 

[struth]

Rich not taxed enough equals not enough money to invest in infrastructure and education and training. Then you get the total crap GOP of today that only exists by duping the rubes....

Not enough? They are paying the lion share of taxes....

So...how much more do you want them to pay of it? 100 percent? Summary of the Latest Federal Income Tax Data

• The top 1 percent of taxpayers paid a 25.6 percent average individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.5 percent).
• The share of reported income earned by the top 1 percent of taxpayers fell to 20.1 percent from 20.9 percent in 2018. The top 1 percent’s share of federal individual income taxes paid fell to 38.8 percent from 40.1 percent.
• The top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.

 

[struth]

People don't get too rich, dumbass, just the rich. LIKE NOW!!!!!!!! and the last 30 years of 28-38% top rate. Change the GD channel, BFM.

Why don't you ask my question....you seem to be falling into a circle...

How is it the middle class disappears if people get too rich?

I agree the middle class is hurting now, more then anyone else, thanks to Xiden inflation

 

[justoffal]

Are you aware that the rich are paying a larger share of the tax burden AFTER the Trump across the board tax cuts than they were before?

Is Pravda reporting that for you?

Of course they are....they always did. If we confiscated every dollar from the top 100 wealthy people it wouldn't run the country for more than a few weeks....this is not about budgets it's more about jealousy.

 

[hadit]

Not enough? They are paying the lion share of taxes....

So...how much more do you want them to pay of it? 100 percent? Summary of the Latest Federal Income Tax Data

• The top 1 percent of taxpayers paid a 25.6 percent average individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.5 percent).
• The share of reported income earned by the top 1 percent of taxpayers fell to 20.1 percent from 20.9 percent in 2018. The top 1 percent’s share of federal individual income taxes paid fell to 38.8 percent from 40.1 percent.
• The top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.

What percent do you want to tax? Give a number, not just "MORE".

 

[hadit]

They're already being taxed. What we need to do is tax regular income at the same level as capital gains. That way everyone gets to pay lower taxes.

Oh, and one other thing. That wealth isn't the same as income. It's tied up in the value of the shares they hold in the companies they own. IOW, it's NOT taxable income, so unless you're going to whine about a wealth tax, you're not touching it.

 

[francoHFW]

What percent do you want to tax? Give a number, not just "MORE"..

56.75831% Stupidest question going...50 worked great until Reagan changed it to 28% going out the door and screwed us all except for the mega rich of course. It's all guesswork but we know this new GOP crap sucks. Unless we are GOP base drones like you

 

[francoHFW]

Not enough? They are paying the lion share of taxes....

So...how much more do you want them to pay of it? 100 percent? Summary of the Latest Federal Income Tax Data

• The top 1 percent of taxpayers paid a 25.6 percent average individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.5 percent).
• The share of reported income earned by the top 1 percent of taxpayers fell to 20.1 percent from 20.9 percent in 2018. The top 1 percent’s share of federal individual income taxes paid fell to 38.8 percent from 40.1 percent.
• The top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.

Income tax statistics are total ******** brainwashed functional moron. It is the only progressive tax we have and is about the same amount as the payroll tax which is paid mainly by the non rich. All other taxes hit regular people twice as hard as the rich. Everyone pays about 25% in all taxes when you total them. You Republicans have no clue about reality congratulations

 

[francoHFW]

Oh, and one other thing. That wealth isn't the same as income. It's tied up in the value of the shares they hold in the companies they own. IOW, it's NOT taxable income, so unless you're going to whine about a wealth tax, you're not touching it.

The mega rich are so ridiculously rich now there should be a wealth tax. 2% is not going to kill any of them.

 

[hadit]

56.75831% Stupidest question going...50 worked great until Reagan changed it to 28% going out the door and screwed us all except for the mega rich of course. It's all guesswork but we know this new GOP crap sucks. Unless we are GOP base drones like you

Okay, let's bring back all the deductions Reagan got rid of too. You do know that no one paid that high rate, right? And you do know the helpless little democrats went along with all of it, right? And you do know you're a dupe, right?

 

[hadit]

The mega rich are so ridiculously rich now there should be a wealth tax. 2% is not going to kill any of them.

Irrelevant. That wealth is all tied up in the companies they own. They literally cannot get their hands on it. Go after that wealth and watch it disappear before you can get it, only to pop up again somewhere out of your reach. Then watch the companies uproot and go to more friendly countries. You have no idea how dumb your simplistic ideas are.

Better to just tax regular income at capital gains rates and be done with it. That way the rich get no special benefits and everyone else gets a tax cut.

 

[basquebromance]

If billionaires can afford to zoom around in rocket ships, to buy superyachts and mansions with 25 bathrooms, yeah, I think they can afford to pay their fair share of taxes.

 

[Grumblenuts]

47% paying no income tax is why you are uneducated.

Narcissist on steroids. That face actually fits YOU perfectly. That's why you wear it.

^"You mean School taxes generally aren't income taxes? Really!?"

 

[hadit]

If billionaires can afford to zoom around in rocket ships, to buy superyachts and mansions with 25 bathrooms, yeah, I think they can afford to pay their fair share of taxes.

What's a fair share? An actual number, please. And remember that when wealth is calculated by the value of stock held in a company, an increase in that wealth is NOT income. It's only income when shares are sold.

 

[basquebromance]

What's a fair share? An actual number, please. And remember that when wealth is calculated by the value of stock held in a company, an increase in that wealth is NOT income. It's only income when shares are sold.

90 percent tax rate for anyone making over 250K$