Shifting the tax burden to the wealthy class does NOT harm the economy

[PredFan]

The reason we are having economic problems in this country are directly related to Progressive policies.

When you punish business for operating here, they go elsewhere. When you make poverty a viable option for people, they choose it. The income gap is a result of left wing policies and in true left wing dishonesty, they cause it and point their fingers elsewhere.

Hilarious, when you refer to "punishment" you do realize corporations move on their own to get the cheapest labor, that's why we need a global movement to keep these corporations in check.

That isn't the only reason. Cheapest labor is only for companies that can use it. Nany companies need skilled workers and those cannot be found in Chinese sweatshops. Those companies go to where they aren't so regulated and taxed. N other words, where they don't get harshly punished.

Skilled workers exist all around the world, even tech companies are starting to rely on cheap labor from China and India to do programming and the like. Yeah, and where they aren't regulated and taxes, the workers suffer.

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

 

[Dad2three]

LOL

Tax as a % of income. Do you understand what you're posting.

You are parasitic and poor because you are stupid. I suppose that's never dawned on you.

You mean taxes as percent of income BY INCOME GROUP DUMMY? Grow a fukkn brain

The graph is as disingenuous as your post. Again, you are a not a parasite because some people are rich.

Your dodge and inability to address ANYTHING with substance, AGAIN noted Bubs

 

[Dad2three]

Hilarious, when you refer to "punishment" you do realize corporations move on their own to get the cheapest labor, that's why we need a global movement to keep these corporations in check.

That isn't the only reason. Cheapest labor is only for companies that can use it. Nany companies need skilled workers and those cannot be found in Chinese sweatshops. Those companies go to where they aren't so regulated and taxed. N other words, where they don't get harshly punished.

Skilled workers exist all around the world, even tech companies are starting to rely on cheap labor from China and India to do programming and the like. Yeah, and where they aren't regulated and taxes, the workers suffer.

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

 

[PredFan]

That isn't the only reason. Cheapest labor is only for companies that can use it. Nany companies need skilled workers and those cannot be found in Chinese sweatshops. Those companies go to where they aren't so regulated and taxed. N other words, where they don't get harshly punished.

Skilled workers exist all around the world, even tech companies are starting to rely on cheap labor from China and India to do programming and the like. Yeah, and where they aren't regulated and taxes, the workers suffer.

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

That isn't the only reason. Cheapest labor is only for companies that can use it. Nany companies need skilled workers and those cannot be found in Chinese sweatshops. Those companies go to where they aren't so regulated and taxed. N other words, where they don't get harshly punished.

Skilled workers exist all around the world, even tech companies are starting to rely on cheap labor from China and India to do programming and the like. Yeah, and where they aren't regulated and taxes, the workers suffer.

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

I love how you freely and openly display your ignorance for all to see. You twist and spin statistics to make them say what you want. Comparing the tax to the GDP is ludicrous.

I'll ask you the same question again: just how stupid are you exactly?

 

[Meathead]

Skilled workers exist all around the world, even tech companies are starting to rely on cheap labor from China and India to do programming and the like. Yeah, and where they aren't regulated and taxes, the workers suffer.

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

Skilled workers exist all around the world, even tech companies are starting to rely on cheap labor from China and India to do programming and the like. Yeah, and where they aren't regulated and taxes, the workers suffer.

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

I love how you freely and openly display your ignorance for all to see. You twist and spin statistics to make them say what you want. Comparing the tax to the GDP is ludicrous.

I'll ask you the same question again: just how stupid are you exactly?

Daddy's stupidity, while significant. is marginal compared to his disingenuousness.

 

[Dad2three]

Skilled workers exist all around the world, even tech companies are starting to rely on cheap labor from China and India to do programming and the like. Yeah, and where they aren't regulated and taxes, the workers suffer.

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

Skilled workers exist all around the world, even tech companies are starting to rely on cheap labor from China and India to do programming and the like. Yeah, and where they aren't regulated and taxes, the workers suffer.

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

I love how you freely and openly display your ignorance for all to see. You twist and spin statistics to make them say what you want. Comparing the tax to the GDP is ludicrous.

I'll ask you the same question again: just how stupid are you exactly?

Talk about being stupid:

• During the 1950s, federal corporate tax revenue averaged 4.7 percent of the gross domestic product (GDP). But by the most recent decade (2000-2009), corporate taxes had fallen to just 1.9 percent of GDP (see Figure 1).As a result of this trend and other policy changes, the corporate tax now contributes considerably less to federal revenues than it once did: between 2000 and 2009, 10.7 percent of federal revenues were collected through the corporate tax, down from 29.8 percent of revenues in the 1950s.

• In recent decades, and especially since the start of the 1980s, corporate profits have increased as a share of GDP — but corporate tax revenues have not followed suit. The non-partisan Congressional Research Service (CRS) recently summarized the upshot of this trend: "Despite concerns expressed about the size of the corporate tax rate, current corporate taxes are extremely low by historical standards, whether measured as a share of output [i.e., GDP]or based on the effective tax rate on income."

Between 2000 and 2005, the share of corporate operating surplus that U.S. corporations pay in taxes — a proxy for the average tax rate — was the second lowest among the studied G7 leading industrialized nations and nearly 3 percentage points below the average of member nations in the Organisation for Economic Co-operation and Development (OECD), according to a 2007 Treasury Department report (see Figure 2, next page).[3] As that report summarized, "The contrast between [the United States'] high statutory corporate income tax rate and low average corporate tax rate implies a relatively narrow corporate tax base, due to accelerated depreciation allowances, corporate tax preferences, and tax-planning incentives created by [the] high statutory rate."The U.S. corporate tax code includes a host of special provisions that significantly reduce the taxes that most corporations owe.


Six Tests for Corporate Tax Reform | Center on Budget and Policy Priorities


HOW'D DUBYA'S "AMNESTY" AT 5% WORK OUT AGAIN??? LOL

 

[Dad2three]

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

I love how you freely and openly display your ignorance for all to see. You twist and spin statistics to make them say what you want. Comparing the tax to the GDP is ludicrous.

I'll ask you the same question again: just how stupid are you exactly?

Daddy's stupidity, while significant. is marginal compared to his disingenuousness.

Your inability to EVER refute ANYTHING is noted Bubs

 

[PredFan]

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

I love how you freely and openly display your ignorance for all to see. You twist and spin statistics to make them say what you want. Comparing the tax to the GDP is ludicrous.

I'll ask you the same question again: just how stupid are you exactly?

Daddy's stupidity, while significant. is marginal compared to his disingenuousness.

I would have to disagree. I think he's more stupid than dishonest.

 

[bedowin62]

That isn't the only reason. Cheapest labor is only for companies that can use it. Nany companies need skilled workers and those cannot be found in Chinese sweatshops. Those companies go to where they aren't so regulated and taxed. N other words, where they don't get harshly punished.

Skilled workers exist all around the world, even tech companies are starting to rely on cheap labor from China and India to do programming and the like. Yeah, and where they aren't regulated and taxes, the workers suffer.

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

YOU'RE PREMISE is that no other countries also have loopholes and legal deductions that also decrease the "EFFECTIVE TAX RATES"

again Dad2three you are simply a dishonest clown try to call others out for dodging when you're the one dodging and distorting

 

[Meathead]

I would have to disagree. I think he's more stupid than dishonest.

We can agree to disagree. Either way, Daddy's a mess.

 

[PredFan]

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

Bull. You are playing with words. I responded to his erroneous brief that the ONLY reason they are moving is for cheap labor. That is patently false.

This country has the highest tax rate on businesses in the entire world, increasing it still will punish them further and either drive more away or make it nearly impossible for people to create more business.

Starting a business in this country is already very difficult.

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

I love how you freely and openly display your ignorance for all to see. You twist and spin statistics to make them say what you want. Comparing the tax to the GDP is ludicrous.

I'll ask you the same question again: just how stupid are you exactly?

Talk about being stupid:

• During the 1950s, federal corporate tax revenue averaged 4.7 percent of the gross domestic product (GDP). But by the most recent decade (2000-2009), corporate taxes had fallen to just 1.9 percent of GDP (see Figure 1).As a result of this trend and other policy changes, the corporate tax now contributes considerably less to federal revenues than it once did: between 2000 and 2009, 10.7 percent of federal revenues were collected through the corporate tax, down from 29.8 percent of revenues in the 1950s.

• In recent decades, and especially since the start of the 1980s, corporate profits have increased as a share of GDP — but corporate tax revenues have not followed suit. The non-partisan Congressional Research Service (CRS) recently summarized the upshot of this trend: "Despite concerns expressed about the size of the corporate tax rate, current corporate taxes are extremely low by historical standards, whether measured as a share of output [i.e., GDP]or based on the effective tax rate on income."

Between 2000 and 2005, the share of corporate operating surplus that U.S. corporations pay in taxes — a proxy for the average tax rate — was the second lowest among the studied G7 leading industrialized nations and nearly 3 percentage points below the average of member nations in the Organisation for Economic Co-operation and Development (OECD), according to a 2007 Treasury Department report (see Figure 2, next page).[3] As that report summarized, "The contrast between [the United States'] high statutory corporate income tax rate and low average corporate tax rate implies a relatively narrow corporate tax base, due to accelerated depreciation allowances, corporate tax preferences, and tax-planning incentives created by [the] high statutory rate."The U.S. corporate tax code includes a host of special provisions that significantly reduce the taxes that most corporations owe.


Six Tests for Corporate Tax Reform | Center on Budget and Policy Priorities


HOW'D DUBYA'S "AMNESTY" AT 5% WORK OUT AGAIN??? LOL

Hey stupid, again, comparing the corporate tax rate to the GDP is a bull shit attempt to make the fact that we have the highest rate less important. Your cut and paste job is as irrelevant as it is stupid.

 

[Arizona Willie]

The Tax Rate is relatively unimportant because of all the deductions and loopholes available to the ultra wealthy and corporations.

They have far more deductions / loopholes than YOU are allowed.

And you can't employ a team of lobbiests to give Congressmen million dollar bribes to make loopholes for you or your company.

WHAT COUNTS IS THE effective TAX RATE.

Which is what they actually pay after deductions / credits / loopholes.

But you just want to complain about the top tax rate without any consideration for the fact that VERY VERY FEW PAY THAT RATE. And when they do it is only on the last million or so of their income.

But focusing and complaining about the TOP TAX RATE when you know very well that they don't actually pay that is a form of lying.

 

[bedowin62]

The Tax Rate is relatively unimportant because of all the deductions and loopholes available to the ultra wealthy and corporations.

They have far more deductions / loopholes than YOU are allowed.

And you can't employ a team of lobbiests to give Congressmen million dollar bribes to make loopholes for you or your company.

WHAT COUNTS IS THE effective TAX RATE.

Which is what they actually pay after deductions / credits / loopholes.

But you just want to complain about the top tax rate without any consideration for the fact that VERY VERY FEW PAY THAT RATE. And when they do it is only on the last million or so of their income.

But focusing and complaining about the TOP TAX RATE when you know very well that they don't actually pay that is a form of lying.

you're right loon; it's way more honest to see Dad2three include "total taxes" meaning state and local taxes to gauge effective TAX RATES, when in fact many of those taxes were placed on them by Democrats and opposed at the state and local level by Republicans

ALSO; he implies only the rich here; especially our corporations, have loopholes to reduce their tax burder, shich is nonsense

so who is really being dishonest here genius/

 

[Dad2three]

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

Weird, Obama proposed 3 years ago to cut Corp tax RATE from 35% to 28% and the GOP refused? HMM

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High


“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.


Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High

Hey moron, I said that they are the highest in the industrialized world, and that is a fact you can easily look up.

Oh right the ACTUAL MARGINAL rate that no multinational Corp comes close to paying. AND?

Hint Obama proposed lowering it to 28%, AND THE GOP OF COURSE SAID NO. Weird right?

BUT MEASURING THE CORP TAX BURDEN % OF GDP (THE WAY ECONOMISTS DO) THE US IS 3RD LOWEST, ONLY CHILE/MEXICO ARE LOWER IN THE "DEVELOPED" WORLD BUBBA!

I love how you freely and openly display your ignorance for all to see. You twist and spin statistics to make them say what you want. Comparing the tax to the GDP is ludicrous.

I'll ask you the same question again: just how stupid are you exactly?

Talk about being stupid:

• During the 1950s, federal corporate tax revenue averaged 4.7 percent of the gross domestic product (GDP). But by the most recent decade (2000-2009), corporate taxes had fallen to just 1.9 percent of GDP (see Figure 1).As a result of this trend and other policy changes, the corporate tax now contributes considerably less to federal revenues than it once did: between 2000 and 2009, 10.7 percent of federal revenues were collected through the corporate tax, down from 29.8 percent of revenues in the 1950s.

• In recent decades, and especially since the start of the 1980s, corporate profits have increased as a share of GDP — but corporate tax revenues have not followed suit. The non-partisan Congressional Research Service (CRS) recently summarized the upshot of this trend: "Despite concerns expressed about the size of the corporate tax rate, current corporate taxes are extremely low by historical standards, whether measured as a share of output [i.e., GDP]or based on the effective tax rate on income."

Between 2000 and 2005, the share of corporate operating surplus that U.S. corporations pay in taxes — a proxy for the average tax rate — was the second lowest among the studied G7 leading industrialized nations and nearly 3 percentage points below the average of member nations in the Organisation for Economic Co-operation and Development (OECD), according to a 2007 Treasury Department report (see Figure 2, next page).[3] As that report summarized, "The contrast between [the United States'] high statutory corporate income tax rate and low average corporate tax rate implies a relatively narrow corporate tax base, due to accelerated depreciation allowances, corporate tax preferences, and tax-planning incentives created by [the] high statutory rate."The U.S. corporate tax code includes a host of special provisions that significantly reduce the taxes that most corporations owe.


Six Tests for Corporate Tax Reform | Center on Budget and Policy Priorities


HOW'D DUBYA'S "AMNESTY" AT 5% WORK OUT AGAIN??? LOL

Hey stupid, again, comparing the corporate tax rate to the GDP is a bull shit attempt to make the fact that we have the highest rate less important. Your cut and paste job is as irrelevant as it is stupid.

Yep those silly economists and their measuring it with the GDP

Weird the GOP opposes Obama proposal to lower the MARGINAL RATE to 28% right Bubs? FOURTH TIME??? LOL

 

[bedowin62]

Yep those silly economists and their measuring it with the GDP

Weird the GOP opposes Obama proposal to lower the MARGINAL RATE to 28% right Bubs? FOURTH TIME??? LOL

what could possibly be so perplexing to a leftard to know the Right doesnt trust of support much of anything obama proposes???

 

[FA_Q2]

That's not the point, the debt will never go away, the goal is to maintain balance, progressive taxation does this without hurting the working people.

We already have progressive taxation. If you live in New York of Massachusetts you are already paying half of your income in taxes. In the rest of the states its around 40%. How much more "progressive" do you libs want to make it?

Answer this: if a person makes one million per year, how much of that should he pay in federal income tax? how much in state and local income tax? Give us some %'s.

So here is total taxes -- which includes corporate taxes, income taxes, payroll taxes, state sales taxes, and more -- paid by different income groups and broken into federal and state and local burdens:

As you can see, the poorer you are, the more state and local taxes bite into your income. As you get richer, those taxes recede, and you're mainly getting hit be federal taxes. So that's another lesson: When you omit state and local taxes from your analysis, you're omitting the taxes that hit lower-income taxpayers hardest.

But here is really the only tax graph you need: It's total tax burden by income group. And as you'll see, every income group is paying something, and the rich aren't paying much more, as a percentage of their incomes, then the middle class.

That's really what the American tax system looks like: Not 47 percent paying nothing, but everybody paying something, and most Americans paying between 25 percent and 30 percent of their income -- which is, by the way, a lot more the 13.9 percent Mitt Romney paid in 2011*.

The one tax graph you really need to know

those charts are an attempt to confuse the issue of federal income taxes by including all forms of taxation.

Show us a chart that includes only federal income taxes and you will see that 47% pay zero federal income taxes.

Why does the source of that tax matter though?

As far as I am concerned, I don't care what particular agency or section of the state takes my money - it is just as gone.


Again, the absolute best part of his rant was that there is ONE SINGLE tax structure that addressed the lefts chief complaint: a simplified flat rate tax. I hear all the time about how the Romneys out there are paying a paltry 10 percent when the rest of us are paying so much more. Considering that there is no 10 percent bracket anywhere at all it is blatantly obvious that the problem is not centered around rates - he would use the overly complex tax system to avoid whatever rates that were set.

The left HATES a flat tax though. It is mind boggling as to why.

the thread is about federal income taxes. if you want to discuss all taxation, start a new thread.

Really?

The title and thrust of the thread was about shifting the tax burden. There is noting in that insinuation that singles out federal taxes from other taxes.

IOW, this thread is NOT about federal taxes but about taxes. If YOU want to discuss only federal taxes then start another thread. Or just don't discuss the others rather than being an ass - both work.

 

[FA_Q2]

The Tax Rate is relatively unimportant because of all the deductions and loopholes available to the ultra wealthy and corporations.

They have far more deductions / loopholes than YOU are allowed.

And you can't employ a team of lobbiests to give Congressmen million dollar bribes to make loopholes for you or your company.

WHAT COUNTS IS THE effective TAX RATE.

Which is what they actually pay after deductions / credits / loopholes.

But you just want to complain about the top tax rate without any consideration for the fact that VERY VERY FEW PAY THAT RATE. And when they do it is only on the last million or so of their income.

But focusing and complaining about the TOP TAX RATE when you know very well that they don't actually pay that is a form of lying.

The top rate matters a LOT because it protects those larger interests that have access to those loopholes.
There are a lot of entities that pay that top rate - almost all in the middle to upper middle class...

 

[bedowin62]

We already have progressive taxation. If you live in New York of Massachusetts you are already paying half of your income in taxes. In the rest of the states its around 40%. How much more "progressive" do you libs want to make it?

Answer this: if a person makes one million per year, how much of that should he pay in federal income tax? how much in state and local income tax? Give us some %'s.

So here is total taxes -- which includes corporate taxes, income taxes, payroll taxes, state sales taxes, and more -- paid by different income groups and broken into federal and state and local burdens:

As you can see, the poorer you are, the more state and local taxes bite into your income. As you get richer, those taxes recede, and you're mainly getting hit be federal taxes. So that's another lesson: When you omit state and local taxes from your analysis, you're omitting the taxes that hit lower-income taxpayers hardest.

But here is really the only tax graph you need: It's total tax burden by income group. And as you'll see, every income group is paying something, and the rich aren't paying much more, as a percentage of their incomes, then the middle class.

That's really what the American tax system looks like: Not 47 percent paying nothing, but everybody paying something, and most Americans paying between 25 percent and 30 percent of their income -- which is, by the way, a lot more the 13.9 percent Mitt Romney paid in 2011*.

The one tax graph you really need to know

those charts are an attempt to confuse the issue of federal income taxes by including all forms of taxation.

Show us a chart that includes only federal income taxes and you will see that 47% pay zero federal income taxes.

Why does the source of that tax matter though?

As far as I am concerned, I don't care what particular agency or section of the state takes my money - it is just as gone.


Again, the absolute best part of his rant was that there is ONE SINGLE tax structure that addressed the lefts chief complaint: a simplified flat rate tax. I hear all the time about how the Romneys out there are paying a paltry 10 percent when the rest of us are paying so much more. Considering that there is no 10 percent bracket anywhere at all it is blatantly obvious that the problem is not centered around rates - he would use the overly complex tax system to avoid whatever rates that were set.

The left HATES a flat tax though. It is mind boggling as to why.

the thread is about federal income taxes. if you want to discuss all taxation, start a new thread.

Really?

The title and thrust of the thread was about shifting the tax burden. There is noting in that insinuation that singles out federal taxes from other taxes.

IOW, this thread is NOT about federal taxes but about taxes. If YOU want to discuss only federal taxes then start another thread. Or just don't discuss the others rather than being an ass - both work.

ACTUALLY if you have been paying attention at all this thread WAS TURNED INTO A DISCUSSION ON FEDERAL TAXES by the idiot left-winger that hijacked it and produced all the graphs and charts YOU CAN STILL SEE ABOVE ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

 

[FA_Q2]

I think Mr. Buffett is directing the debate away from the obscene corporate bailouts that have been going on since the financial crisis of 2008 and on to a contrived issue of class warfare that will do little to address America’s severe financial problems. If we are really serious about fixing the deficit, then let’s stop the bailouts. Mr. Buffett is supposed to be an expert investor. So, why do so many of the companies he owns or invests in need to be bailed out! What kind of strategy is this? It looks to me like Buffett made some bad bets, and when they blew up, he became an advisor to the administration. Then, he watched as the bailouts not only saved his bacon, but made him and his shareholders even more insanely rich than they already were.

Yes, the bailouts have entirely warped our capitalist system. Broken, corrupt business models are being shored up by the government, keeping more efficient and transparent business models from thriving and succeeding. The corruption and fraud of the bad models is being condoned and sanctioned by the State.

It's sickening.

Amidst all the screams of depression and job salvation....and the cries of academics pining for more government money.....

The bailouts were an awful idea.

The government should have stayed clear.

You can keep your claims of "saved" for someone who thinks you might have a chance of making a case.

This.

The sad part is that the debate is centered around tax rates when tax rates are irrelevant - the rich don't pay taxes based on those tax rates anyway. Those 0.1% that the left are always complaining about don't actually pay taxes based on income tax rates. Most of their money is sheltered from tax in general. The core problem with taxes is not the rates but the massively complex tax structure that no one alive understands (and is mostly built around social engineering).

The bailouts were a massive payoff to the super rich to allow them to continue to get far more wealth without actually giving up the corrupt and inefficient systems that they were a part of. I am amazed that the left who are always berating the wealth pooling at the top back one of the largest and most disgusting shifting of wealth from the people to the extremely wealthy.

NOTE the EFFECTIVE tax rate PRE REAGANOMICS?

And?

The effective tax rate is lowered on the top earners because of loopholes. This was already pointed out.

That's not the point, the debt will never go away, the goal is to maintain balance, progressive taxation does this without hurting the working people.

We already have progressive taxation. If you live in New York of Massachusetts you are already paying half of your income in taxes. In the rest of the states its around 40%. How much more "progressive" do you libs want to make it?

Answer this: if a person makes one million per year, how much of that should he pay in federal income tax? how much in state and local income tax? Give us some %'s.

So here is total taxes -- which includes corporate taxes, income taxes, payroll taxes, state sales taxes, and more -- paid by different income groups and broken into federal and state and local burdens:

As you can see, the poorer you are, the more state and local taxes bite into your income. As you get richer, those taxes recede, and you're mainly getting hit be federal taxes. So that's another lesson: When you omit state and local taxes from your analysis, you're omitting the taxes that hit lower-income taxpayers hardest.

But here is really the only tax graph you need: It's total tax burden by income group. And as you'll see, every income group is paying something, and the rich aren't paying much more, as a percentage of their incomes, then the middle class.

That's really what the American tax system looks like: Not 47 percent paying nothing, but everybody paying something, and most Americans paying between 25 percent and 30 percent of their income -- which is, by the way, a lot more the 13.9 percent Mitt Romney paid in 2011*.

The one tax graph you really need to know

those charts are an attempt to confuse the issue of federal income taxes by including all forms of taxation.

Show us a chart that includes only federal income taxes and you will see that 47% pay zero federal income taxes.

Why does the source of that tax matter though?

As far as I am concerned, I don't care what particular agency or section of the state takes my money - it is just as gone.


Again, the absolute best part of his rant was that there is ONE SINGLE tax structure that addressed the lefts chief complaint: a simplified flat rate tax. I hear all the time about how the Romneys out there are paying a paltry 10 percent when the rest of us are paying so much more. Considering that there is no 10 percent bracket anywhere at all it is blatantly obvious that the problem is not centered around rates - he would use the overly complex tax system to avoid whatever rates that were set.

The left HATES a flat tax though. It is mind boggling as to why.

ALL flat taxes ARE regressive. Period. Even the FAIR tax is towards the middle class, yet STILL will not get enough to run Gov't at 30% rate, while the rich lower their tax "burden"!

By definition, they cannot be regressive.

 

[FA_Q2]

So here is total taxes -- which includes corporate taxes, income taxes, payroll taxes, state sales taxes, and more -- paid by different income groups and broken into federal and state and local burdens:

As you can see, the poorer you are, the more state and local taxes bite into your income. As you get richer, those taxes recede, and you're mainly getting hit be federal taxes. So that's another lesson: When you omit state and local taxes from your analysis, you're omitting the taxes that hit lower-income taxpayers hardest.

But here is really the only tax graph you need: It's total tax burden by income group. And as you'll see, every income group is paying something, and the rich aren't paying much more, as a percentage of their incomes, then the middle class.

That's really what the American tax system looks like: Not 47 percent paying nothing, but everybody paying something, and most Americans paying between 25 percent and 30 percent of their income -- which is, by the way, a lot more the 13.9 percent Mitt Romney paid in 2011*.

The one tax graph you really need to know

those charts are an attempt to confuse the issue of federal income taxes by including all forms of taxation.

Show us a chart that includes only federal income taxes and you will see that 47% pay zero federal income taxes.

Why does the source of that tax matter though?

As far as I am concerned, I don't care what particular agency or section of the state takes my money - it is just as gone.


Again, the absolute best part of his rant was that there is ONE SINGLE tax structure that addressed the lefts chief complaint: a simplified flat rate tax. I hear all the time about how the Romneys out there are paying a paltry 10 percent when the rest of us are paying so much more. Considering that there is no 10 percent bracket anywhere at all it is blatantly obvious that the problem is not centered around rates - he would use the overly complex tax system to avoid whatever rates that were set.

The left HATES a flat tax though. It is mind boggling as to why.

the thread is about federal income taxes. if you want to discuss all taxation, start a new thread.

Really?

The title and thrust of the thread was about shifting the tax burden. There is noting in that insinuation that singles out federal taxes from other taxes.

IOW, this thread is NOT about federal taxes but about taxes. If YOU want to discuss only federal taxes then start another thread. Or just don't discuss the others rather than being an ass - both work.

ACTUALLY if you have been paying attention at all this thread WAS TURNED INTO A DISCUSSION ON FEDERAL TAXES by the idiot left-winger that hijacked it and produced all the graphs and charts YOU CAN STILL SEE ABOVE ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

None of those charts focus on federal taxes...