Should The Rich Be Required To Pay Higher Taxes In the US?

[Andylusion]

Reagan began slashing tax rates then came George W. Bush. Neither of them cut their spending a goodam dime and borrowed from foreign banks to cover the shortfall. Tax cuts for the wealthiest people in America. It's what the Republican party stands for these days, and not much more. What they did was to funnel trillions of borrowed dollars to those in our country who were already well off. It's not a military secret...it's as plain as the nose on our faces:

................................Total U S Debt............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he, she's being taxed at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Liar.

Do you have trouble reading the English language??

CEO Pay in 2012 Was Extraordinarily High Relative to Typical Workers and Other High Earners | Economic Policy Institute

From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, a rise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period.

Who cares? What difference does it make? The only reason that matters, is because you are consumed with greed and envy. The rest of us, who are not, don't care. I don't give a crap what my CEO makes. I agreed to work for an agreed wage. As long as he pays me what I am due, I'm fine with whatever he makes.

 

[Boss]

I'll just add this:
"From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, a rise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period."

Which is precisely what motivates thousands upon thousands daily to strive for more, to utilize a free enterprise system of free market capitalism to improve their lot in life and become something more than "a typical worker" or hopelessly tied to a class designation for life.

All your rhetoric presupposes a society that has no freedom of mobility when it comes to class. This is because Socialism was designed to be promoted to the jealous underclass.

If life is "impossible" as a "typical worker" don't BE one... BE something else! BE a BOSS! ...You have the freedom to do that here. You do not have the freedom to do that in a Socialist or Communist system.... Ironically, it is the very conditions you falsely portray of capitalism which you will ultimately get with a Socialist system, only, the so-called "top 1%" are the ruling class elite whom you will bow to or face beheading and which you will never be a part of.

 

[RKMBrown]

Reagan began slashing tax rates then came George W. Bush. Neither of them cut their spending a goodam dime and borrowed from foreign banks to cover the shortfall. Tax cuts for the wealthiest people in America. It's what the Republican party stands for these days, and not much more. What they did was to funnel trillions of borrowed dollars to those in our country who were already well off. It's not a military secret...it's as plain as the nose on our faces:

................................Total U S Debt............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he, she's being taxed at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Liar.

Do you have trouble reading the English language??

CEO Pay in 2012 Was Extraordinarily High Relative to Typical Workers and Other High Earners | Economic Policy Institute

From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, a rise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period.

Why no I don't. Do you? You think cutting and pasting bullshit makes you smart? FYI.. you're a dumb ass piece of shit fucking moron if you think people 1) paid 91% in taxes or 2) should pay 91% in taxes.

 

[GWV5903]

Beside BS AND RIGHT WING MEMES , HOW ABOUT BACKING ANYTHING UP Bubba? lol

In 2012, 136.1 million taxpayers reported earning $9.04 trillion in adjusted gross income and paid $1.1 trillion in income taxes.

• All income groups increased their income and taxes paid over the previous year.

• The top 1 percent of taxpayers earned their largest share of income since 2007 at 21.9 percent of total AGI and paid their largest share of the income tax burden since the same year at 38.1 percent of total income taxes.

• In 2012, the top 50 percent of all taxpayers (68 million filers) paid 97.2 percent of all income taxes while the bottom 50 percent paid the remaining 2.8 percent.

• The top 1 percent (1.3 million filers) paid a greater share of income taxes (38.1 percent) than the bottom 90 percent (122.4 million filers) combined (29.8 percent).

• The top 1 percent of taxpayers paid a higher effective income tax rate than any other group at 22.8 percent, which is nearly 7 times higher than taxpayers in the bottom 50 percent (3.28 percent).

 

[GWV5903]

You are the effing moron that thinks capital gains tax is the same thing as federal income tax on wages.

Are dividends taxed?

1. Qualified dividends, such as most of those paid on corporate stocks, are taxed at long term capital gains rates — which are lower than ordinary income tax rates. Nonqualified dividends, however, are taxed at the higher ordinary income tax rates.

 

[Andylusion]

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he, she's being taxed at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Liar.

Do you have trouble reading the English language??

CEO Pay in 2012 Was Extraordinarily High Relative to Typical Workers and Other High Earners | Economic Policy Institute

From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, a rise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period.

Why no I don't. Do you? You think cutting and pasting bullshit makes you smart? FYI.. you're a dumb ass piece of shit fucking moron if you think people 1) paid 91% in taxes or 2) should pay 91% in taxes.

That's all they can do though. Leftists are generally pretty ignorant people. Cutting and pasting, is all they can do. Keep your expectations low enough, and you won't be disappointed by the left anymore.

 

[GWV5903]

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

Anger issues? Did you forget your meds?

I understand my shoe size is higher than your IQ...

 

[GWV5903]

Beside BS AND RIGHT WING MEMES , HOW ABOUT BACKING ANYTHING UP Bubba? lol

In 2012, 136.1 million taxpayers reported earning $9.04 trillion in adjusted gross income and paid $1.1 trillion in income taxes.

• All income groups increased their income and taxes paid over the previous year.

• The top 1 percent of taxpayers earned their largest share of income since 2007 at 21.9 percent of total AGI and paid their largest share of the income tax burden since the same year at 38.1 percent of total income taxes.

• In 2012, the top 50 percent of all taxpayers (68 million filers) paid 97.2 percent of all income taxes while the bottom 50 percent paid the remaining 2.8 percent.

• The top 1 percent (1.3 million filers) paid a greater share of income taxes (38.1 percent) than the bottom 90 percent (122.4 million filers) combined (29.8 percent).

• The top 1 percent of taxpayers paid a higher effective income tax rate than any other group at 22.8 percent, which is nearly 7 times higher than taxpayers in the bottom 50 percent (3.28 percent).

Dumb2three this is from your source, not mine...

 

[Andylusion]

Beside BS AND RIGHT WING MEMES , HOW ABOUT BACKING ANYTHING UP Bubba? lol

In 2012, 136.1 million taxpayers reported earning $9.04 trillion in adjusted gross income and paid $1.1 trillion in income taxes.

• All income groups increased their income and taxes paid over the previous year.

• The top 1 percent of taxpayers earned their largest share of income since 2007 at 21.9 percent of total AGI and paid their largest share of the income tax burden since the same year at 38.1 percent of total income taxes.

• In 2012, the top 50 percent of all taxpayers (68 million filers) paid 97.2 percent of all income taxes while the bottom 50 percent paid the remaining 2.8 percent.

• The top 1 percent (1.3 million filers) paid a greater share of income taxes (38.1 percent) than the bottom 90 percent (122.4 million filers) combined (29.8 percent).

• The top 1 percent of taxpayers paid a higher effective income tax rate than any other group at 22.8 percent, which is nearly 7 times higher than taxpayers in the bottom 50 percent (3.28 percent).

Dumb2three this is from your source, not mine...

D2stupid, is a known troll. He rarely, if ever, reads his own links. He'll post that same link a dozen times, thinking that it supports his views, even after you pointed this out to him.

 

[GWV5903]

Beside BS AND RIGHT WING MEMES , HOW ABOUT BACKING ANYTHING UP Bubba? lol

In 2012, 136.1 million taxpayers reported earning $9.04 trillion in adjusted gross income and paid $1.1 trillion in income taxes.

• All income groups increased their income and taxes paid over the previous year.

• The top 1 percent of taxpayers earned their largest share of income since 2007 at 21.9 percent of total AGI and paid their largest share of the income tax burden since the same year at 38.1 percent of total income taxes.

• In 2012, the top 50 percent of all taxpayers (68 million filers) paid 97.2 percent of all income taxes while the bottom 50 percent paid the remaining 2.8 percent.

• The top 1 percent (1.3 million filers) paid a greater share of income taxes (38.1 percent) than the bottom 90 percent (122.4 million filers) combined (29.8 percent).

• The top 1 percent of taxpayers paid a higher effective income tax rate than any other group at 22.8 percent, which is nearly 7 times higher than taxpayers in the bottom 50 percent (3.28 percent).

Dumb2three this is from your source, not mine...

D2stupid, is a known troll. He rarely, if ever, reads his own links. He'll post that same link a dozen times, thinking that it supports his views, even after you pointed this out to him.

I know, we have traded post multiply times...

It clarifies who really elected Oblammer...

D2stupid is pretty good...

 

[RKMBrown]

You are the effing moron that thinks capital gains tax is the same thing as federal income tax on wages.

Are dividends taxed?

1. Qualified dividends, such as most of those paid on corporate stocks, are taxed at long term capital gains rates — which are lower than ordinary income tax rates. Nonqualified dividends, however, are taxed at the higher ordinary income tax rates.

Point?

What keeps confusing you about the simple fact that capital gains tax is not the same as federal income tax on wages? You are comparing apples to oranges.

 

[RKMBrown]

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

Anger issues? Did you forget your meds?

I understand my shoe size is higher than your IQ...

You have a 160 shoe size? What are you a clown?

 

[Campbell]

I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.

Reagan began slashing tax rates then came George W. Bush. Neither of them cut their spending a goodam dime and borrowed from foreign banks to cover the shortfall. Tax cuts for the wealthiest people in America. It's what the Republican party stands for these days, and not much more. What they did was to funnel trillions of borrowed dollars to those in our country who were already well off. It's not a military secret...it's as plain as the nose on our faces:

................................Total U S Debt............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he's being taxes at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Yeah, and how many people in the 1960s earned more than $300,000 a year?

What.... five people? Maybe?

Do you think that only 5 people in the 1960s were that wealthy? The Rockefellers, J. Paul Getty, Howard Hughes, Daniel Keith Ludwig? You think that was it?

There were hundreds of super wealthy in the 1960s, just as there are today. The difference is, you didn't know about it. You didn't know about it because they didn't have the statistics we do today. Information was not public. Additionally, people hid their income in different ways, or had compensation other than cash... just like today.

Moreover, yes the top marginal tax rate was 91%. Did you know that unlike today, where with at top marginal rate of 39%, the top 1% are paying almost 40% of all income taxes..... in 1960 with a 91% top marginal rate, the top 1% only paid 16% of all income taxes.

Once again, you people spout off, while being completely disproved by the facts. You can't "make" people pay a tax. You can set a tax rate, but dude, if I'm CEO.... I can choose my own pay....

It's not a fixed game. Zuckerberg started with nothing, and now he's a billionaire. How did he do that, if the game was fixed?

There are hundreds of people that all became millionaires in the last few years. How is that possible if the game is rigged?

The Mexican immigrant who set up a global drone firm - BBC News

This Mexican immigrant created a multi-million dollar international company. I suppose he missed your dumb little memo saying the game was rigged. Idiot.

You are just wrong. As you people always are.

 

[Campbell]

I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.

Reagan began slashing tax rates then came George W. Bush. Neither of them cut their spending a goodam dime and borrowed from foreign banks to cover the shortfall. Tax cuts for the wealthiest people in America. It's what the Republican party stands for these days, and not much more. What they did was to funnel trillions of borrowed dollars to those in our country who were already well off. It's not a military secret...it's as plain as the nose on our faces:

................................Total U S Debt............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he's being taxes at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Yeah, and how many people in the 1960s earned more than $300,000 a year?

What.... five people? Maybe?

Do you think that only 5 people in the 1960s were that wealthy? The Rockefellers, J. Paul Getty, Howard Hughes, Daniel Keith Ludwig? You think that was it?

There were hundreds of super wealthy in the 1960s, just as there are today. The difference is, you didn't know about it. You didn't know about it because they didn't have the statistics we do today. Information was not public. Additionally, people hid their income in different ways, or had compensation other than cash... just like today.

Moreover, yes the top marginal tax rate was 91%. Did you know that unlike today, where with at top marginal rate of 39%, the top 1% are paying almost 40% of all income taxes..... in 1960 with a 91% top marginal rate, the top 1% only paid 16% of all income taxes.

Once again, you people spout off, while being completely disproved by the facts. You can't "make" people pay a tax. You can set a tax rate, but dude, if I'm CEO.... I can choose my own pay....

It's not a fixed game. Zuckerberg started with nothing, and now he's a billionaire. How did he do that, if the game was fixed?

There are hundreds of people that all became millionaires in the last few years. How is that possible if the game is rigged?

The Mexican immigrant who set up a global drone firm - BBC News

This Mexican immigrant created a multi-million dollar international company. I suppose he missed your dumb little memo saying the game was rigged. Idiot.

You are just wrong. As you people always are.

You people?? I'm 81 years old. I was there. Plenty of workers earned more than $300K per year. We're talking big war years when weapons systems were invented and manufactured. Ever hear about the nuclear weapons programs? Ever hear about Jack Kennedy's little decade long arrangement for a trip to the moon? Whatever it was we actually had a middle class. Now the goddam selfish assholes want it all and if the present tax structure stays the way it is they will end up getting it.

That useless daughter who inheirited Sam Walton's wealth never has done an honest days work in her life. She's worth $40 billion and openly opposes a minimum wage. Just how much money does an arrogant, selfish bitch need before they begin to relax occasionally? Her tight ass would pinch the head off a ten penny nail.

 

[Andylusion]

Reagan began slashing tax rates then came George W. Bush. Neither of them cut their spending a goodam dime and borrowed from foreign banks to cover the shortfall. Tax cuts for the wealthiest people in America. It's what the Republican party stands for these days, and not much more. What they did was to funnel trillions of borrowed dollars to those in our country who were already well off. It's not a military secret...it's as plain as the nose on our faces:

................................Total U S Debt............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he's being taxes at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Yeah, and how many people in the 1960s earned more than $300,000 a year?

What.... five people? Maybe?

Do you think that only 5 people in the 1960s were that wealthy? The Rockefellers, J. Paul Getty, Howard Hughes, Daniel Keith Ludwig? You think that was it?

There were hundreds of super wealthy in the 1960s, just as there are today. The difference is, you didn't know about it. You didn't know about it because they didn't have the statistics we do today. Information was not public. Additionally, people hid their income in different ways, or had compensation other than cash... just like today.

Moreover, yes the top marginal tax rate was 91%. Did you know that unlike today, where with at top marginal rate of 39%, the top 1% are paying almost 40% of all income taxes..... in 1960 with a 91% top marginal rate, the top 1% only paid 16% of all income taxes.

Once again, you people spout off, while being completely disproved by the facts. You can't "make" people pay a tax. You can set a tax rate, but dude, if I'm CEO.... I can choose my own pay....

It's not a fixed game. Zuckerberg started with nothing, and now he's a billionaire. How did he do that, if the game was fixed?

There are hundreds of people that all became millionaires in the last few years. How is that possible if the game is rigged?

The Mexican immigrant who set up a global drone firm - BBC News

This Mexican immigrant created a multi-million dollar international company. I suppose he missed your dumb little memo saying the game was rigged. Idiot.

You are just wrong. As you people always are.

You people?? I'm 81 years old. I was there. Plenty of workers earned more than $300K per year. We're talking big war years when weapons systems were invented and manufactured. Ever hear about the nuclear weapons programs? Ever hear about Jack Kennedy's little decade long arrangement for a trip to the moon? Whatever it was we actually had a middle class. Now the goddam selfish assholes want it all and if the present tax structure stays the way it is they will end up getting it.

That useless daughter who inheirited Sam Walton's wealth never has done an honest days work in her life. She's worth $40 billion and openly opposes a minimum wage. Just how much money does an arrogant, selfish bitch need before they begin to relax occasionally? Her tight ass would pinch the head off a ten penny nail.

First off, it's none of your business what someone else inherits or doesn't. Someone that's 81 years old, should have learned that by now. That's 6-year-old elementary school lesson. You don't get a toy, just because bobby got a toy.

Second, it's not for you to judge someone that you have never met. I've never met you.... can I tell everyone what a greedy envious jerk off you are? No? I'm not allowed to judge you, when I don't know you? Can you apply that to yourself in this thread?

Again, I had these people called "parents" and they taught me stuff like... DO NOT JUDGE PEOPLE YOU DON'T KNOW. That is what crappy scum suckers do.

Thirdly, statistically you are incorrect. While we don't have specific numbers, because the IRS didn't keep specific numbers at the time.... we do have 'income ranges'. The range of income is from several different brackets. Even so, only about a thousand people (couples), were in that highest income range. Thus we can conclude that only a fraction of those (couples), paid the highest marginal rate. A few hundred at best.

But then you have to take into account, when. Why? Because the effective tax rate fell.... even though the marginal rates did not.

In 1953, according to the IRS historical data, the effective tax rate on the top 1% was about 49%, and by 1960, fell to 31%.

Do understand what happened? The wealthy over time, moved to reduce their tax burden. They changed their CEO contracts to get lower tax compensation. Who the heck is going to work for $9 out of every hundred they work for? You wouldn't. I wouldn't. No one would.

So over time, the top marginal rate, collected less and less tax revenue. Why you are shocked by this, I don't know.

And those of you who think that you are going to raise taxes, and fix our debt problem... you are crazy.

Look back at the 1950s. The longer the 92% tax rate was in place, the lower the revenue to GDP got. They were collecting LESS revenue from the economy relative to GDP, over time.

Again... the longer you go with super high tax rates, the less revenue you generate.

If you think you are going to raise taxes, and collect endless piles of money to fix Social Security and Medicare, and all your other socialist programs, you people are nutz. Sorry.

 

[LogikAndReazon]

One million dollar cap on wealth.

The rest should be stolen and given to those bureaucratically chosen as deserving unearned handouts...

For the people comrades !

 

[RKMBrown]

One million dollar cap on wealth.

The rest should be stolen and given to those bureaucratically chosen as deserving unearned handouts...

For the people comrades !

Libtards ... can't shoot em... well not yet anyway.

 

[GWV5903]

You are the effing moron that thinks capital gains tax is the same thing as federal income tax on wages.

Are dividends taxed?

1. Qualified dividends, such as most of those paid on corporate stocks, are taxed at long term capital gains rates — which are lower than ordinary income tax rates. Nonqualified dividends, however, are taxed at the higher ordinary income tax rates.

Point?

What keeps confusing you about the simple fact that capital gains tax is not the same as federal income tax on wages? You are comparing apples to oranges.

I know it's hard for you to fathom, how do you think the 1% get paid?

Do you think they live off of thin air?

 

[GWV5903]

You have a 160 shoe size? What are you a clown?

That was a good one...

Smartest thing you have said yet in this thread...

 

[GWV5903]

That useless daughter who inheirited Sam Walton's wealth never has done an honest days work in her life. She's worth $40 billion and openly opposes a minimum wage. Just how much money does an arrogant, selfish bitch need before they begin to relax occasionally? Her tight ass would pinch the head off a ten penny nail.

So you know his daughter?

And you know how she feels?

Her father earned it and he earned the right to do with as he pleased...