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YAWN
under Progressive rule the richest got richer, and the poorest got poorer
Yes…increase taxes and you know who gets rich…the politicians and their friends…….
Why is it that you guys want to give ever more tax money to the same people you say fucked up the country in the first place.
If you had a business manager and you found out that he had taken all the money you gave him to pay for the things you buy and to invest in your future….and then you found out that not only did he lose all of the money you gave him but he caused you to be 200,000 dollars in debt…what would you do? Sure, you work harder to pay back the debt and rebuild your losses…..
But would you give another penny to the guy that got you in that position in the first place?
That is what all of you lefties are saying…..they fucked up, they don't spend the money on what they should….but we need to give them lots more money, on the off chance that this time they will actually do what we want them to do….
You lefties are just stupid…..
.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.
They should lower the top income tax rate to 33%, and raise the capital gains rate to 33% for any gains earned from investments held less than five years. The rate for investment gains over five years should be 25%. The capitals gains rate should be tied to the income tax rate, so lower income earners would still pay less regardless of whether the income was from wages or investments.
Then all the investors would pull their money out of the market and ship it overseas or to some other tax reduced investment. The capital gains tax is designed to bring in revenue to the government while at the same time, encourage investment. Increase those taxes to 33% and watch the market crash and burn.
Ronald Reagan thought this was a good idea. When he pushed to have rates reduced to 28%, the capital gains rate was 28% also. It wasn't until later that everyone thought it to be such a great idea to reduce those rates.
It wasn't until later that everyone thought it to be such a great idea to reduce those rates.
Reducing those rates was a great idea.
AFTER Ronnie increased them and "simplified" the tax code according to you? lol
Capital Gains Tax Cuts ‘By Far’ The Biggest Contributor To Growth In Income Inequality, Study Finds
By far, the largest contributor to this increase was changes in income from capital gains and dividends. Changes in wages had an equalizing effect over this period as did changes in taxes. Most of the equalizing effect of taxes took place after the 1993 tax hike; most of the equalizing effect, however, was reversed after the 2001 and 2003 Bush-era tax cuts. […]
The large increase in the contribution of capital gains and dividends to the Gini coefficient, however, is due to the large increase in the share of after-tax income from capital gains and dividends, and to the increase in the correlation of this income source with after-tax income.
Hungerford’s findings are similar to a study he produced for the Congressional Research Service in 2011, which found that while income grew 25 percent from 1996 to 2006 for all Americans, it grew 74 percent for the top 1 percent and 96 percent for the top 0.1 percent. That study also found that tax cuts on capital gains were the biggest driver of the disparity.
Sure Bubs, like Honduras, the other libertarian paradise? Hint Somalia is a broken nation with a largely Muslim faith RAN BY WAR LORDS DUMMY!
Did you pay 1.94 million actual dollars in taxes………..?
.They should lower the top income tax rate to 33%, and raise the capital gains rate to 33% for any gains earned from investments held less than five years. The rate for investment gains over five years should be 25%. The capitals gains rate should be tied to the income tax rate, so lower income earners would still pay less regardless of whether the income was from wages or investments.
Then all the investors would pull their money out of the market and ship it overseas or to some other tax reduced investment. The capital gains tax is designed to bring in revenue to the government while at the same time, encourage investment. Increase those taxes to 33% and watch the market crash and burn.
Ronald Reagan thought this was a good idea. When he pushed to have rates reduced to 28%, the capital gains rate was 28% also. It wasn't until later that everyone thought it to be such a great idea to reduce those rates.
It wasn't until later that everyone thought it to be such a great idea to reduce those rates.
Reducing those rates was a great idea.
AFTER Ronnie increased them and "simplified" the tax code according to you? lol
Capital Gains Tax Cuts ‘By Far’ The Biggest Contributor To Growth In Income Inequality, Study Finds
By far, the largest contributor to this increase was changes in income from capital gains and dividends. Changes in wages had an equalizing effect over this period as did changes in taxes. Most of the equalizing effect of taxes took place after the 1993 tax hike; most of the equalizing effect, however, was reversed after the 2001 and 2003 Bush-era tax cuts. […]
The large increase in the contribution of capital gains and dividends to the Gini coefficient, however, is due to the large increase in the share of after-tax income from capital gains and dividends, and to the increase in the correlation of this income source with after-tax income.
Hungerford’s findings are similar to a study he produced for the Congressional Research Service in 2011, which found that while income grew 25 percent from 1996 to 2006 for all Americans, it grew 74 percent for the top 1 percent and 96 percent for the top 0.1 percent. That study also found that tax cuts on capital gains were the biggest driver of the disparity.
Really? Then why did lowering the capital gains rates work so well for Bill Clinton? You know, the best economy in our lives?
.They should lower the top income tax rate to 33%, and raise the capital gains rate to 33% for any gains earned from investments held less than five years. The rate for investment gains over five years should be 25%. The capitals gains rate should be tied to the income tax rate, so lower income earners would still pay less regardless of whether the income was from wages or investments.
Then all the investors would pull their money out of the market and ship it overseas or to some other tax reduced investment. The capital gains tax is designed to bring in revenue to the government while at the same time, encourage investment. Increase those taxes to 33% and watch the market crash and burn.
Ronald Reagan thought this was a good idea. When he pushed to have rates reduced to 28%, the capital gains rate was 28% also. It wasn't until later that everyone thought it to be such a great idea to reduce those rates.
It wasn't until later that everyone thought it to be such a great idea to reduce those rates.
Reducing those rates was a great idea.
AFTER Ronnie increased them and "simplified" the tax code according to you? lol
Capital Gains Tax Cuts ‘By Far’ The Biggest Contributor To Growth In Income Inequality, Study Finds
By far, the largest contributor to this increase was changes in income from capital gains and dividends. Changes in wages had an equalizing effect over this period as did changes in taxes. Most of the equalizing effect of taxes took place after the 1993 tax hike; most of the equalizing effect, however, was reversed after the 2001 and 2003 Bush-era tax cuts. […]
The large increase in the contribution of capital gains and dividends to the Gini coefficient, however, is due to the large increase in the share of after-tax income from capital gains and dividends, and to the increase in the correlation of this income source with after-tax income.
Hungerford’s findings are similar to a study he produced for the Congressional Research Service in 2011, which found that while income grew 25 percent from 1996 to 2006 for all Americans, it grew 74 percent for the top 1 percent and 96 percent for the top 0.1 percent. That study also found that tax cuts on capital gains were the biggest driver of the disparity.
Really? Then why did lowering the capital gains rates work so well for Bill Clinton? You know, the best economy in our lives?
Did you pay 1.94 million actual dollars in taxes………..?
Dumb2three? No, but he DID collect $30 thousand in actual welfare...
They buy more goods (roads), go on more vacations (FAA)
Distribution of Tax Expenditure Benefits Differs Greatly, and Is Much Less Favorable to the Middle Class and Low-Incomes Families
The top 1 percent of the population receives 23.9 percent of tax-expenditure benefits — more than eight times as much as the bottom fifth of the population, and nearly as much as the middle 60 percent of the population.
Contrary to "Entitlement Society" Rhetoric, Over Nine-Tenths of Entitlement Benefits Go to Elderly, Disabled, or Working Households | Center on Budget and Policy Priorities
Sure Bubs, like Honduras, the other libertarian paradise? Hint Somalia is a broken nation with a largely Muslim faith RAN BY WAR LORDS DUMMY!
Islam is a religion started by a war lord - retard. This isn't 1993 - Somalia is run by Islamist Abdullahi Yusuf Ahmed, retard. While all of the factions of the Clinton era were Muslim dictators, the Al Qaeda backed Ahmed has held control since 2006. Somalia is a nation under Sharia, markets are regulated under Islamic Riba, the prohibition against Interest or appreciation of property.
To claim Somalia a "free market paradise" was one of the more stupid claims made by you Communists - but hey, you have zero integrity so you figured why not play on the ignorance of others. Sure, you're lying, but you're a leftist, you lie about everything.
Says the libertarian Klown. Shocking NOT ON CON/LIBERTARIAN FREAK CAN POINT TO ONE EXAMPLE OF THEIR POLICY EVER WORKING? lol'
They buy more goods (roads), go on more vacations (FAA)
Distribution of Tax Expenditure Benefits Differs Greatly, and Is Much Less Favorable to the Middle Class and Low-Incomes Families
The top 1 percent of the population receives 23.9 percent of tax-expenditure benefits — more than eight times as much as the bottom fifth of the population, and nearly as much as the middle 60 percent of the population.
Contrary to "Entitlement Society" Rhetoric, Over Nine-Tenths of Entitlement Benefits Go to Elderly, Disabled, or Working Households | Center on Budget and Policy Priorities
Isn't the FAA funded through airline taxes? Doesn't a percentage of the ticket price go to the FAA? So aren't these "rich" you are so jealous of already paying by the amount they use them?
I know, you're just a greedy Communist shrieking "gimmee Gimmee GIMMEE," but do at least TRY and think every so often..
Sure Bubs, like Honduras, the other libertarian paradise? Hint Somalia is a broken nation with a largely Muslim faith RAN BY WAR LORDS DUMMY!
Islam is a religion started by a war lord - retard. This isn't 1993 - Somalia is run by Islamist Abdullahi Yusuf Ahmed, retard. While all of the factions of the Clinton era were Muslim dictators, the Al Qaeda backed Ahmed has held control since 2006. Somalia is a nation under Sharia, markets are regulated under Islamic Riba, the prohibition against Interest or appreciation of property.
To claim Somalia a "free market paradise" was one of the more stupid claims made by you Communists - but hey, you have zero integrity so you figured why not play on the ignorance of others. Sure, you're lying, but you're a leftist, you lie about everything.
Talk about lack of integrity *shaking head*
Somalia is classified by the United Nations as a least developed country. Despite experiencing two decades of civil war, the country has maintained an informal economy, based mainly on livestock, remittance/money transfers from abroad, and telecommunications.
....According to the World Bank, Somalia's economy has suffered as a result of the state failure that accompanied the country's civil war. Some economists, including libertarian Peter T. Leeson, have argued instead that state collapse has actually helped improve economic welfare, because the previous Somali state was predatory.
Similarly, economists Benjamin Powell, Ryan Ford and Alex Nowrasteh argue that Somalia's economic performance, relative to other African states, has improved during the period of statelessness
Ersun Kurtulus states that Leeson and Powell, Ford and Nowrasteh's articles provide "the most unequivocal evidence to indicate that Somalia has been faring far better under anarchy than it did under Barre's regime". Kurtulus argues that these authors may provide a valid explanation of the situation in Somalia, but that "the argument appears to be derived from a hypothesis which is rooted in a liberal conceptualisation of statehood rather than in a quantitative analysis which establishes a negative correlation between indicators of state predation and those of economic and social welfare"
lol
Economy of Somalia - Wikipedia, the free encyclopedia
Says the libertarian Klown. Shocking NOT ON CON/LIBERTARIAN FREAK CAN POINT TO ONE EXAMPLE OF THEIR POLICY EVER WORKING? lol'
ROFL
Where do you think this robust economy that Obama is fucking came from? Not the stagflation of the Johnson through Carter era, where Keynesian idiocy reigned supreme. Richard Nixon was the most orthodox Keynesian of any president - with an economy in the shitter to prove it.
Sure Bubs, like Honduras, the other libertarian paradise? Hint Somalia is a broken nation with a largely Muslim faith RAN BY WAR LORDS DUMMY!
Islam is a religion started by a war lord - retard. This isn't 1993 - Somalia is run by Islamist Abdullahi Yusuf Ahmed, retard. While all of the factions of the Clinton era were Muslim dictators, the Al Qaeda backed Ahmed has held control since 2006. Somalia is a nation under Sharia, markets are regulated under Islamic Riba, the prohibition against Interest or appreciation of property.
To claim Somalia a "free market paradise" was one of the more stupid claims made by you Communists - but hey, you have zero integrity so you figured why not play on the ignorance of others. Sure, you're lying, but you're a leftist, you lie about everything.
Talk about lack of integrity *shaking head*
Somalia is classified by the United Nations as a least developed country. Despite experiencing two decades of civil war, the country has maintained an informal economy, based mainly on livestock, remittance/money transfers from abroad, and telecommunications.
....According to the World Bank, Somalia's economy has suffered as a result of the state failure that accompanied the country's civil war. Some economists, including libertarian Peter T. Leeson, have argued instead that state collapse has actually helped improve economic welfare, because the previous Somali state was predatory.
Similarly, economists Benjamin Powell, Ryan Ford and Alex Nowrasteh argue that Somalia's economic performance, relative to other African states, has improved during the period of statelessness
Ersun Kurtulus states that Leeson and Powell, Ford and Nowrasteh's articles provide "the most unequivocal evidence to indicate that Somalia has been faring far better under anarchy than it did under Barre's regime". Kurtulus argues that these authors may provide a valid explanation of the situation in Somalia, but that "the argument appears to be derived from a hypothesis which is rooted in a liberal conceptualisation of statehood rather than in a quantitative analysis which establishes a negative correlation between indicators of state predation and those of economic and social welfare"
lol
Economy of Somalia - Wikipedia, the free encyclopedia
Again retard, this isn't 1993. Somalia is an Islamic dictatorship under Sharia.
he had ALL self employed pay both sides of the SS tax
Rich self-employed people had to pay more SS?
That's awful!
What about the rest of us? How much did the rate increase?
Nope, the self employed stop paying taxes at the cap, currently about $115,000. Back then it was MUCH less. The rich didn't pay more SS, But the avg working guy did as well as small Biz owners!
RATE? No Bubs, Ronnie increased REVENUES 60%. You know ON SS TAX INCREASES that hit the middle class/poor? AS he gutted tax rates for the rich and did away with things like credit card interest rate deductions that ALSO hurt the middle class (as he upped the deducibility of home interest rate deductions, that benefited the rich more!)
Nope, the self employed stop paying taxes at the cap, currently about $115,000. Back then it was MUCH less. The rich didn't pay more SS, But the avg working guy did as well as small Biz owners!
That's awful! Personally, I'd like SS to be privatized.
I'm not sure why a big gov lib like you is whining about higher taxes.
You mean higher taxes on the working guys AS you gut the tax burden to the top job off shorrers? Nah, what's bad about that? lol
You mean higher taxes on the working guys AS you gut the tax burden to the top job off shorrers?
Taxes were cut for everybody.
Sure Bubba, ignore the evidence AND links
Tax Cuts. One of the few areas where Reaganomists claim success without embarrassment is taxation. Didn't the Reagan administration, after all, slash income taxes in 1981, and provide both tax cuts and "fairness" in its highly touted tax reform law of 1986? Hasn't Ronald Reagan, in the teeth of opposition, heroically held the line against all tax increases?
The answer, unfortunately, is no. In the first place, the famous "tax cut" of 1981 did not cut taxes at all. It's true that tax rates for higher-income brackets were cut; but for the average person, taxes rose, rather than declined
The Myths of Reaganomics
he had ALL self employed pay both sides of the SS tax
Rich self-employed people had to pay more SS?
That's awful!
What about the rest of us? How much did the rate increase?
Nope, the self employed stop paying taxes at the cap, currently about $115,000. Back then it was MUCH less. The rich didn't pay more SS, But the avg working guy did as well as small Biz owners!
RATE? No Bubs, Ronnie increased REVENUES 60%. You know ON SS TAX INCREASES that hit the middle class/poor? AS he gutted tax rates for the rich and did away with things like credit card interest rate deductions that ALSO hurt the middle class (as he upped the deducibility of home interest rate deductions, that benefited the rich more!)
No Bubs, Ronnie increased REVENUES 60%
Well, if 100 workers paid in 1981 and 160 workers paid in 1989, that would increase revenues by 60%.
Wishful thinking. Or as I call it, the current state of right wing "reality"
Wishful thinking is your claim that Reagan screwed workers with a huge hike in the payroll tax rate.
I've noticed you still haven't posted the numbers.
Why is that?
Sure I did Bubba, he increases SS taxes 60%, he doubled the self employed *SMALL BIZ OWNER)SS taxes!
Think air fees pay for all airports? NOPE
Everyone who uses the air transportation system pays taxes to help cover nearly 75% of the costs of developing and running America's National Airspace System (NAS) and improving and maintaining public-use airports.
In addition to this dedicated fund from all aviation users, about one-quarter of the costs for the air transportation system come from the General Fund
FAA Funding Debate - Funding - AOPA
Nope, the self employed stop paying taxes at the cap, currently about $115,000. Back then it was MUCH less. The rich didn't pay more SS, But the avg working guy did as well as small Biz owners!
RATE? No Bubs, Ronnie increased REVENUES 60%. You know ON SS TAX INCREASES that hit the middle class/poor? AS he gutted tax rates for the rich and did away with things like credit card interest rate deductions that ALSO hurt the middle class (as he upped the deducibility of home interest rate deductions, that benefited the rich more!)
Nope, the self employed stop paying taxes at the cap, currently about $115,000. Back then it was MUCH less. The rich didn't pay more SS, But the avg working guy did as well as small Biz owners!
That's awful! Personally, I'd like SS to be privatized.
I'm not sure why a big gov lib like you is whining about higher taxes.
You mean higher taxes on the working guys AS you gut the tax burden to the top job off shorrers? Nah, what's bad about that? lol
You mean higher taxes on the working guys AS you gut the tax burden to the top job off shorrers?
Taxes were cut for everybody.
Sure Bubba, ignore the evidence AND links
Tax Cuts. One of the few areas where Reaganomists claim success without embarrassment is taxation. Didn't the Reagan administration, after all, slash income taxes in 1981, and provide both tax cuts and "fairness" in its highly touted tax reform law of 1986? Hasn't Ronald Reagan, in the teeth of opposition, heroically held the line against all tax increases?
The answer, unfortunately, is no. In the first place, the famous "tax cut" of 1981 did not cut taxes at all. It's true that tax rates for higher-income brackets were cut; but for the average person, taxes rose, rather than declined
The Myths of Reaganomics
I love when liberal idiots use Mises as a source.
It's true that tax rates for higher-income brackets were cut; but for the average person, taxes rose, rather than declined
Still wrong.
As a result of a pair of rate cuts, first under President Bill Clinton and then under Bush, most of the richest Americans pay lower overall tax rates than middle-class Americans do. And this is one reason the gap between the wealthy and the rest of the country is widening dramatically.
Capital gains tax rates benefiting wealthy are protected by both parties
Nope, the self employed stop paying taxes at the cap, currently about $115,000. Back then it was MUCH less. The rich didn't pay more SS, But the avg working guy did as well as small Biz owners!
RATE? No Bubs, Ronnie increased REVENUES 60%. You know ON SS TAX INCREASES that hit the middle class/poor? AS he gutted tax rates for the rich and did away with things like credit card interest rate deductions that ALSO hurt the middle class (as he upped the deducibility of home interest rate deductions, that benefited the rich more!)
No Bubs, Ronnie increased REVENUES 60%
Well, if 100 workers paid in 1981 and 160 workers paid in 1989, that would increase revenues by 60%.
Wishful thinking. Or as I call it, the current state of right wing "reality"
Wishful thinking is your claim that Reagan screwed workers with a huge hike in the payroll tax rate.
I've noticed you still haven't posted the numbers.
Why is that?
Sure I did Bubba, he increases SS taxes 60%, he doubled the self employed *SMALL BIZ OWNER)SS taxes!
Sure I did Bubba, he increases SS taxes 60%,
I'm interested in how much he increased SS rates. Why don't you tell me?
