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

[LeftofLeft]

I'd be happy to offer my perspective.
It is obvious that there is a problem that has been growing for decades, in regards to inequality, and it's not just in America.

"Despite huge advancements in technology and productivity, millions of Americans are working longer hours for lower wages. The real median income of male workers is $783 less than it was 42 years ago; while the real median income of female workers is over $1,300 less than it was in 2007. That is unacceptable and that has got to change."

AS PRESIDENT, SENATOR BERNIE SANDERS WILL REDUCE INCOME AND WEALTH INEQUALITY BY:

1. 
   
   
   • Demanding that the wealthy and large corporations pay their fair share in taxes. As President, Sen. Sanders will stop corporations from shifting their profits and jobs overseas to avoid paying U.S. income taxes. He will create a progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million. He will also enact a tax on Wall Street speculators who caused millions of Americans to lose their jobs, homes, and life savings.
   • Increasing the federal minimum wage from $7.25 to $15 an hour by 2020. In the year 2015, no one who works 40 hours a week should be living in poverty.
   • Putting at least 13 million Americans to work by investing $1 trillion over five years rebuilding our crumbling roads, bridges, railways, airports, public transit systems, ports, dams, wastewater plants, and other infrastructure needs.
   • Reversing trade policies like NAFTA, CAFTA, and PNTR with China that have driven down wages and caused the loss of millions of jobs. If corporate America wants us to buy their products they need to manufacture those products in this country, not in China or other low-wage countries.
   • Creating 1 million jobs for disadvantaged young Americans by investing $5.5 billion in a youth jobs program. Today, the youth unemployment rate is off the charts. We have got to end this tragedy by making sure teenagers and young adults have the jobs they need to move up the economic ladder.
   • Fighting for pay equity by signing the Paycheck Fairness Act into law. It is an outrage that women earn just 78 cents for every dollar a man earns.
   • Making tuition free at public colleges and universities throughout America. Everyone in this country who studies hard should be able to go to college regardless of income.
   • Expanding Social Security by lifting the cap on taxable income above $250,000. At a time when the senior poverty rate is going up, we have got to make sure that every American can retire with dignity and respect.
   • Guaranteeing healthcare as a right of citizenship by enacting a Medicare for all single-payer healthcare system. It’s time for the U.S. to join every major industrialized country on earth and provide universal healthcare to all.
   • Requiring employers to provide at least 12 weeks of paid family and medical leave; two weeks of paid vacation; and 7 days of paid sick days. Real family values are about making sure that parents have the time they need to bond with their babies and take care of their children and relatives when they get ill.
   • Enacting a universal childcare and prekindergarten program. Every psychologist understands that the most formative years for a human being is from the ages 0-4. We have got to make sure every family in America has the opportunity to send their kids to a high quality childcare and pre-K program.
   • Making it easier for workers to join unions by fighting for the Employee Free Choice Act. One of the most significant reasons for the 40-year decline in the middle class is that the rights of workers to collectively bargain for better wages and benefits have been severely undermined.
   • Breaking up huge financial institutions so that they are no longer too big to fail. Seven years ago, the taxpayers of this country bailed out Wall Street because they were too big to fail. Yet, 3 out of the 4 largest financial institutions are 80 percent bigger today than before we bailed them out. Sen. Sanders has introduced legislation to break these banks up. As President, he will fight to sign this legislation into law.

If it were such a problem, why aren't immigrants clamoring to go to more socialist countries as opposed to US? Is the health of the country supposed to be measured by how its collective wealth is distributed or opportunity for individual wealth and prosperity? If child poverity was such a problem, why are immigrants crossing the border illegally to have children??

 

[Toddsterpatriot]

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?

Why Bubs? You THAT ignorant you can't figure out increasing SS REVENUES by 60% (he "borrowed" to hide the costs of tax cuts for the rich) IS a tax increase???

You don't think he raised the rates by 60%, do you?

I'm interested in how much he increased SS rates. Why don't you tell me?

Still want o play on the edge and NEVER bring ANYTHING to the discussion huh Bubs?

Still making claims without showing the tax rates? Why is that?

 

[Dad2three]

the poorest got porer on Progressives' watch

income inequality grew

libs are losers who lie to themselves

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years. Smaller government + globalism = corporations never being happy enough in America so they go get some asian monkey's!!! We can't make them happy!!! Not with globalism! We have to tariff then rule our own market.

Then we can have high living standards!

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years.

Quick, raise taxes, that always causes businesses to expand. Moron.

Lowest SUSTAINED tax burden on the "job creators" since 1932. Highest Corp profits in 40+ years. First time EVER labor costs to Corps below 50% of costs, but the FEAR of increasing taxes is stopping the "job creators"??? lol

 

[David_42]

I'd be happy to offer my perspective.
It is obvious that there is a problem that has been growing for decades, in regards to inequality, and it's not just in America.

"Despite huge advancements in technology and productivity, millions of Americans are working longer hours for lower wages. The real median income of male workers is $783 less than it was 42 years ago; while the real median income of female workers is over $1,300 less than it was in 2007. That is unacceptable and that has got to change."

AS PRESIDENT, SENATOR BERNIE SANDERS WILL REDUCE INCOME AND WEALTH INEQUALITY BY:

1. 
   
   
   • Demanding that the wealthy and large corporations pay their fair share in taxes. As President, Sen. Sanders will stop corporations from shifting their profits and jobs overseas to avoid paying U.S. income taxes. He will create a progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million. He will also enact a tax on Wall Street speculators who caused millions of Americans to lose their jobs, homes, and life savings.
   • Increasing the federal minimum wage from $7.25 to $15 an hour by 2020. In the year 2015, no one who works 40 hours a week should be living in poverty.
   • Putting at least 13 million Americans to work by investing $1 trillion over five years rebuilding our crumbling roads, bridges, railways, airports, public transit systems, ports, dams, wastewater plants, and other infrastructure needs.
   • Reversing trade policies like NAFTA, CAFTA, and PNTR with China that have driven down wages and caused the loss of millions of jobs. If corporate America wants us to buy their products they need to manufacture those products in this country, not in China or other low-wage countries.
   • Creating 1 million jobs for disadvantaged young Americans by investing $5.5 billion in a youth jobs program. Today, the youth unemployment rate is off the charts. We have got to end this tragedy by making sure teenagers and young adults have the jobs they need to move up the economic ladder.
   • Fighting for pay equity by signing the Paycheck Fairness Act into law. It is an outrage that women earn just 78 cents for every dollar a man earns.
   • Making tuition free at public colleges and universities throughout America. Everyone in this country who studies hard should be able to go to college regardless of income.
   • Expanding Social Security by lifting the cap on taxable income above $250,000. At a time when the senior poverty rate is going up, we have got to make sure that every American can retire with dignity and respect.
   • Guaranteeing healthcare as a right of citizenship by enacting a Medicare for all single-payer healthcare system. It’s time for the U.S. to join every major industrialized country on earth and provide universal healthcare to all.
   • Requiring employers to provide at least 12 weeks of paid family and medical leave; two weeks of paid vacation; and 7 days of paid sick days. Real family values are about making sure that parents have the time they need to bond with their babies and take care of their children and relatives when they get ill.
   • Enacting a universal childcare and prekindergarten program. Every psychologist understands that the most formative years for a human being is from the ages 0-4. We have got to make sure every family in America has the opportunity to send their kids to a high quality childcare and pre-K program.
   • Making it easier for workers to join unions by fighting for the Employee Free Choice Act. One of the most significant reasons for the 40-year decline in the middle class is that the rights of workers to collectively bargain for better wages and benefits have been severely undermined.
   • Breaking up huge financial institutions so that they are no longer too big to fail. Seven years ago, the taxpayers of this country bailed out Wall Street because they were too big to fail. Yet, 3 out of the 4 largest financial institutions are 80 percent bigger today than before we bailed them out. Sen. Sanders has introduced legislation to break these banks up. As President, he will fight to sign this legislation into law.

If it were such a problem, why aren't immigrants clamoring to go to more socialist countries as opposed to US? Is the health of the country supposed to be measured by how its collective wealth is distributed or opportunity for individual wealth and prosperity? If child poverity was such a problem, why are immigrants crossing the border illegally to have children??

Europe has immigrants to, not just America. Because it's easier for someone impoverished in Mexico to get to America instead of taking a ship to Denmark?

 

[Toddsterpatriot]

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

most of the richest Americans pay lower overall tax rates than middle-class Americans do.

It's weird that they don't give the income levels for the "richest" or "middle class" in their claim.
Why is that?

Go figure it out Bubs? lol;

Figure out the fake numbers your stupid source used? LOL!

Go figure you can't even use conservative "math" to figure it out. I'm shocked

Why would I bother trying to prove anything about the fake numbers the idiots pulled out of their asses?

 

[Toddsterpatriot]

the poorest got porer on Progressives' watch

income inequality grew

libs are losers who lie to themselves

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years. Smaller government + globalism = corporations never being happy enough in America so they go get some asian monkey's!!! We can't make them happy!!! Not with globalism! We have to tariff then rule our own market.

Then we can have high living standards!

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years.

Quick, raise taxes, that always causes businesses to expand. Moron.

Lowest SUSTAINED tax burden on the "job creators" since 1932. Highest Corp profits in 40+ years. First time EVER labor costs to Corps below 50% of costs, but the FEAR of increasing taxes is stopping the "job creators"??? lol

You're right, higher taxes here are getting businesses to close foreign divisions and expand here.....oh, wait, that's not what's happening. Maybe we could increase corporate regulatory expenses? That should get them to increase the pay of their labor force, oh, wait, that wouldn't happen either.

 

[David_42]

the poorest got porer on Progressives' watch

income inequality grew

libs are losers who lie to themselves

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years. Smaller government + globalism = corporations never being happy enough in America so they go get some asian monkey's!!! We can't make them happy!!! Not with globalism! We have to tariff then rule our own market.

Then we can have high living standards!

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years.

Quick, raise taxes, that always causes businesses to expand. Moron.

Lowest SUSTAINED tax burden on the "job creators" since 1932. Highest Corp profits in 40+ years. First time EVER labor costs to Corps below 50% of costs, but the FEAR of increasing taxes is stopping the "job creators"??? lol

You're right, higher taxes here are getting businesses to close foreign divisions and expand here.....oh, wait, that's not what's happening. Maybe we could increase corporate regulatory expenses? That should get them to increase the pay of their labor force, oh, wait, that wouldn't happen either.

Disastrous trade policies haven't helped anything..

 

[LeftofLeft]

I'd be happy to offer my perspective.
It is obvious that there is a problem that has been growing for decades, in regards to inequality, and it's not just in America.

"Despite huge advancements in technology and productivity, millions of Americans are working longer hours for lower wages. The real median income of male workers is $783 less than it was 42 years ago; while the real median income of female workers is over $1,300 less than it was in 2007. That is unacceptable and that has got to change."

AS PRESIDENT, SENATOR BERNIE SANDERS WILL REDUCE INCOME AND WEALTH INEQUALITY BY:

1. 
   
   
   • Demanding that the wealthy and large corporations pay their fair share in taxes. As President, Sen. Sanders will stop corporations from shifting their profits and jobs overseas to avoid paying U.S. income taxes. He will create a progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million. He will also enact a tax on Wall Street speculators who caused millions of Americans to lose their jobs, homes, and life savings.
   • Increasing the federal minimum wage from $7.25 to $15 an hour by 2020. In the year 2015, no one who works 40 hours a week should be living in poverty.
   • Putting at least 13 million Americans to work by investing $1 trillion over five years rebuilding our crumbling roads, bridges, railways, airports, public transit systems, ports, dams, wastewater plants, and other infrastructure needs.
   • Reversing trade policies like NAFTA, CAFTA, and PNTR with China that have driven down wages and caused the loss of millions of jobs. If corporate America wants us to buy their products they need to manufacture those products in this country, not in China or other low-wage countries.
   • Creating 1 million jobs for disadvantaged young Americans by investing $5.5 billion in a youth jobs program. Today, the youth unemployment rate is off the charts. We have got to end this tragedy by making sure teenagers and young adults have the jobs they need to move up the economic ladder.
   • Fighting for pay equity by signing the Paycheck Fairness Act into law. It is an outrage that women earn just 78 cents for every dollar a man earns.
   • Making tuition free at public colleges and universities throughout America. Everyone in this country who studies hard should be able to go to college regardless of income.
   • Expanding Social Security by lifting the cap on taxable income above $250,000. At a time when the senior poverty rate is going up, we have got to make sure that every American can retire with dignity and respect.
   • Guaranteeing healthcare as a right of citizenship by enacting a Medicare for all single-payer healthcare system. It’s time for the U.S. to join every major industrialized country on earth and provide universal healthcare to all.
   • Requiring employers to provide at least 12 weeks of paid family and medical leave; two weeks of paid vacation; and 7 days of paid sick days. Real family values are about making sure that parents have the time they need to bond with their babies and take care of their children and relatives when they get ill.
   • Enacting a universal childcare and prekindergarten program. Every psychologist understands that the most formative years for a human being is from the ages 0-4. We have got to make sure every family in America has the opportunity to send their kids to a high quality childcare and pre-K program.
   • Making it easier for workers to join unions by fighting for the Employee Free Choice Act. One of the most significant reasons for the 40-year decline in the middle class is that the rights of workers to collectively bargain for better wages and benefits have been severely undermined.
   • Breaking up huge financial institutions so that they are no longer too big to fail. Seven years ago, the taxpayers of this country bailed out Wall Street because they were too big to fail. Yet, 3 out of the 4 largest financial institutions are 80 percent bigger today than before we bailed them out. Sen. Sanders has introduced legislation to break these banks up. As President, he will fight to sign this legislation into law.

If it were such a problem, why aren't immigrants clamoring to go to more socialist countries as opposed to US? Is the health of the country supposed to be measured by how its collective wealth is distributed or opportunity for individual wealth and prosperity? If child poverity was such a problem, why are immigrants crossing the border illegally to have children??

Europe has immigrants to, not just America. Because it's easier for someone impoverished in Mexico to get to America instead of taking a ship to Denmark?

By your own stats, the US is the worst. That is what you posted.

 

[Dad2three]

Yeah, it was the "poor and middle class" whose taxes were cut *shaking head*

EFFECTIVE tax rates

Dumb2three, you're a lying Commie fuck.

Look, I realize you're just a Soros hate drone, but less that 10% of the shit you spew has any basis in fact.

Soros thinks it clever to graph tax cuts in dollars, rather than percent.

It isn't clever, it just fucking lying.

"Soros thinks it clever to graph tax cuts in dollars, rather than percent."


lol


EFFECTIVE tax rates

Your charts show that the richest pay a higher rate than the middle class.
So were you lying before or are you just stupid?

lie. I'm shocked

A "large proportion" of millionaires pay a smaller percentage of their income in taxes than a "significant proportion" of moderate-income taxpayers, said the report, which defined moderate-income as taxpayers with taxable income below $100,000.

More specifically, roughly a quarter of all millionaires face a tax rate that is lower than the tax rate faced by 10 percent of the moderate-income taxpayers.

And on average, according to the report, the below-$100,000 taxpayers paid 35 percent of their taxable income in taxes (income and payroll), while the millionaires paid 30 percent.

Middle class pays higher tax rates than millionaires, Sen. Tammy Baldwin says




A new study finding an "unfair," rich-poor balance in state and local taxes has been getting big traction on the Web this week.

The study, from the Institute on Taxation and Economic Policy, found that "virtually every state's tax system is fundamentally unfair, taking a much greater share of income from low- and middle-income families than from wealthy families." It added that state and local tax systems are "indirectly contributing to growing income inequality by taxing low- and middle-income households at significantly higher rates than wealthy taxpayers."

In other words, it said the tax systems are "upside down," with the poor paying more and the rich paying less. Overall, the poorest 20 percent of Americans paid an average of 10.9 percent of their income in state and local taxes and the middle 20 percent of Americans paid 9.4 percent. The top 1 percent, meanwhile, pay only 5.4 percent of their income to state and local taxes.

Do the rich pay lower taxes than the middle class?

 

[David_42]

I'd be happy to offer my perspective.
It is obvious that there is a problem that has been growing for decades, in regards to inequality, and it's not just in America.

"Despite huge advancements in technology and productivity, millions of Americans are working longer hours for lower wages. The real median income of male workers is $783 less than it was 42 years ago; while the real median income of female workers is over $1,300 less than it was in 2007. That is unacceptable and that has got to change."

AS PRESIDENT, SENATOR BERNIE SANDERS WILL REDUCE INCOME AND WEALTH INEQUALITY BY:

1. 
   
   
   • Demanding that the wealthy and large corporations pay their fair share in taxes. As President, Sen. Sanders will stop corporations from shifting their profits and jobs overseas to avoid paying U.S. income taxes. He will create a progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million. He will also enact a tax on Wall Street speculators who caused millions of Americans to lose their jobs, homes, and life savings.
   • Increasing the federal minimum wage from $7.25 to $15 an hour by 2020. In the year 2015, no one who works 40 hours a week should be living in poverty.
   • Putting at least 13 million Americans to work by investing $1 trillion over five years rebuilding our crumbling roads, bridges, railways, airports, public transit systems, ports, dams, wastewater plants, and other infrastructure needs.
   • Reversing trade policies like NAFTA, CAFTA, and PNTR with China that have driven down wages and caused the loss of millions of jobs. If corporate America wants us to buy their products they need to manufacture those products in this country, not in China or other low-wage countries.
   • Creating 1 million jobs for disadvantaged young Americans by investing $5.5 billion in a youth jobs program. Today, the youth unemployment rate is off the charts. We have got to end this tragedy by making sure teenagers and young adults have the jobs they need to move up the economic ladder.
   • Fighting for pay equity by signing the Paycheck Fairness Act into law. It is an outrage that women earn just 78 cents for every dollar a man earns.
   • Making tuition free at public colleges and universities throughout America. Everyone in this country who studies hard should be able to go to college regardless of income.
   • Expanding Social Security by lifting the cap on taxable income above $250,000. At a time when the senior poverty rate is going up, we have got to make sure that every American can retire with dignity and respect.
   • Guaranteeing healthcare as a right of citizenship by enacting a Medicare for all single-payer healthcare system. It’s time for the U.S. to join every major industrialized country on earth and provide universal healthcare to all.
   • Requiring employers to provide at least 12 weeks of paid family and medical leave; two weeks of paid vacation; and 7 days of paid sick days. Real family values are about making sure that parents have the time they need to bond with their babies and take care of their children and relatives when they get ill.
   • Enacting a universal childcare and prekindergarten program. Every psychologist understands that the most formative years for a human being is from the ages 0-4. We have got to make sure every family in America has the opportunity to send their kids to a high quality childcare and pre-K program.
   • Making it easier for workers to join unions by fighting for the Employee Free Choice Act. One of the most significant reasons for the 40-year decline in the middle class is that the rights of workers to collectively bargain for better wages and benefits have been severely undermined.
   • Breaking up huge financial institutions so that they are no longer too big to fail. Seven years ago, the taxpayers of this country bailed out Wall Street because they were too big to fail. Yet, 3 out of the 4 largest financial institutions are 80 percent bigger today than before we bailed them out. Sen. Sanders has introduced legislation to break these banks up. As President, he will fight to sign this legislation into law.

If it were such a problem, why aren't immigrants clamoring to go to more socialist countries as opposed to US? Is the health of the country supposed to be measured by how its collective wealth is distributed or opportunity for individual wealth and prosperity? If child poverity was such a problem, why are immigrants crossing the border illegally to have children??

Europe has immigrants to, not just America. Because it's easier for someone impoverished in Mexico to get to America instead of taking a ship to Denmark?

By your own stats, the US is the worst. That is what you posted.

The US is not doing to well when it comes to child poverty, but many immigrants are close to the US, and always hear about the supposed opportunities.

 

[Ray From Cleveland]

Wait ... you're saying people pay taxes willingly, even eagerly, free from threat of draconian gov't sanctions enforced at gunpoint? Really?
Stop lying.

Shouldn't you pay taxes to support your own way. Everyone pays taxes.

Yes, everyone pays taxes, just not income taxes where all the goodies come from.

 

[Dad2three]

The rich use more to the wear on our infrastructure. Why shouldn't they pay more to maintain what they use???

Honestly.

They do? How do they use more of our infrastructure than anybody else?

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

The top 1 percent of the population receives 23.9 percent of tax-expenditure benefits —

They paid nearly 40% of Federal Income Tax and received 23.9% of tax-expenditure benefits?
That's awful!
The bottom 20% received less than 3% of tax-expenditure benefits? While paying no income taxes?
That's even worse!!!

You MIGHT have something, IF the US collected only income taxes as revenues, since it's only about 45% of federal revenues, who give a fukkk?

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

 

[ScienceRocks]

the poorest got porer on Progressives' watch

income inequality grew

libs are losers who lie to themselves

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years. Smaller government + globalism = corporations never being happy enough in America so they go get some asian monkey's!!! We can't make them happy!!! Not with globalism! We have to tariff then rule our own market.

Then we can have high living standards!

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years.

Quick, raise taxes, that always causes businesses to expand. Moron.

Lowest SUSTAINED tax burden on the "job creators" since 1932. Highest Corp profits in 40+ years. First time EVER labor costs to Corps below 50% of costs, but the FEAR of increasing taxes is stopping the "job creators"??? lol

You're right, higher taxes here are getting businesses to close foreign divisions and expand here.....oh, wait, that's not what's happening. Maybe we could increase corporate regulatory expenses? That should get them to increase the pay of their labor force, oh, wait, that wouldn't happen either.

Disastrous trade policies haven't helped anything..

Its time to end free trade and raise tariffs 10% across the board on imports. This is the only way our workers can be paid right.

 

[Dad2three]

.
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?

work so well? Oh you meant take revenues from the treasury?

work so well? Oh you meant take revenues from the treasury?

What was government capital gains revenue at 28%? At 20%?

Less at 20% than 28% would've, according to EVERY serious economist at least!

 

[Dad2three]

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

Romney paid 1.94 million in taxes…he paid more than his fair share……did you pay 1.94 million in taxes asshole?

See everyone? I told you all that Republicans, if given the chance, would make the argument that a rich guy shouldn't pay any more taxes than a poor man. I KNEW IT!

That doesn't work stupid. And the guy who got rich didn't get rich in the utopia you dream of. In fact he would have NEVER gotten rich under your system of fairness and equality. You are a stupid fuck.

the richest got richer on your Progressive watch stupid.....................and they passed on their tax hikes to the poor in the form of higher prices for goods and services. great job leftard!!

For some inexplicable reason leftists just don't (or can't) understand that taxes on business are simply passed along to the consumer in the form of higher prices for goods and services and that much like sales taxes they place an inordinate burden on the poorer consumer.

Weird, the rich can't get a smaller ROI?

 

[Dad2three]

did income inequality grow under obama/dems?
it's a yes or no question

IT has been growing since the early 80's...Free trade is a failure! The government has been supporting exploration, science and infrastructure investment since the dawn of civilization. How hard is this for you to understand? Jefferson supported Lewis and Clark to the pacific.

Of course, in 15 of the past 23 years we've had Demo Presidents. So how do you explain their failure to right the ship you believe is listing?

NO Prez is dictator, and GOP ideology trumpeted governing???


Norquist Tax Pledge Is GOP Fixture On and Off Campaign Trail


Prior to the November 2012 election, 238 of 242 House Republicans and 41 out of 47 Senate Republicans had signed ATR's "Taxpayer Protection Pledge", in which the pledger promises to "oppose any and all efforts to increase the marginal income tax rate for individuals and business; and to oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates."

Grover Norquist - Wikipedia, the free encyclopedia

 

[Ray From Cleveland]

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years. Smaller government + globalism = corporations never being happy enough in America so they go get some asian monkey's!!! We can't make them happy!!! Not with globalism! We have to tariff then rule our own market.

Then we can have high living standards!

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years.

Quick, raise taxes, that always causes businesses to expand. Moron.

Lowest SUSTAINED tax burden on the "job creators" since 1932. Highest Corp profits in 40+ years. First time EVER labor costs to Corps below 50% of costs, but the FEAR of increasing taxes is stopping the "job creators"??? lol

You're right, higher taxes here are getting businesses to close foreign divisions and expand here.....oh, wait, that's not what's happening. Maybe we could increase corporate regulatory expenses? That should get them to increase the pay of their labor force, oh, wait, that wouldn't happen either.

Disastrous trade policies haven't helped anything..

Its time to end free trade and raise tariffs 10% across the board on imports. This is the only way our workers can be paid right.

So who ultimately pays that 10% tax? I'll give you a hint: the food chain.

 

[ScienceRocks]

When the rich paid 60% in taxes during the 40's, 50s and 60's!

What did we have?
-Biggest middle class in world history!
-Best educational system on earth!
-Best innovation on earth. Want to the fucking moon and the internet was created!
-One parent could go to work and afford a house, car, wife and 3 children.
-Both parties supported infrastructure, science, r&d and education!
-A republican built the highways, formed nasa and cleaned up our air!

What do we have today??? What has cut, slash and burn done for America since 1975??? Destroyed this country and made us a peon for the super rich.

 

[ScienceRocks]

Dumbass,,,the middle class and our industry has been ripped apart and sent over sea's the past 35 years.

Quick, raise taxes, that always causes businesses to expand. Moron.

Lowest SUSTAINED tax burden on the "job creators" since 1932. Highest Corp profits in 40+ years. First time EVER labor costs to Corps below 50% of costs, but the FEAR of increasing taxes is stopping the "job creators"??? lol

You're right, higher taxes here are getting businesses to close foreign divisions and expand here.....oh, wait, that's not what's happening. Maybe we could increase corporate regulatory expenses? That should get them to increase the pay of their labor force, oh, wait, that wouldn't happen either.

Disastrous trade policies haven't helped anything..

Its time to end free trade and raise tariffs 10% across the board on imports. This is the only way our workers can be paid right.

So who ultimately pays that 10% tax? I'll give you a hint: the food chain.

That is why we make it here in America. Want jobs for all Americans? Well, little tommy is going to have to do production.

 

[ScienceRocks]

did income inequality grow under obama/dems?
it's a yes or no question

IT has been growing since the early 80's...Free trade is a failure! The government has been supporting exploration, science and infrastructure investment since the dawn of civilization. How hard is this for you to understand? Jefferson supported Lewis and Clark to the pacific.

Of course, in 15 of the past 23 years we've had Demo Presidents. So how do you explain their failure to right the ship you believe is listing?

NO Prez is dictator, and GOP ideology trumpeted governing???


Norquist Tax Pledge Is GOP Fixture On and Off Campaign Trail


Prior to the November 2012 election, 238 of 242 House Republicans and 41 out of 47 Senate Republicans had signed ATR's "Taxpayer Protection Pledge", in which the pledger promises to "oppose any and all efforts to increase the marginal income tax rate for individuals and business; and to oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates."

Grover Norquist - Wikipedia, the free encyclopedia

Turned little Norquist supports cheap labor from Mexico!! Too most of these rich out sourcing bastards we Americans don't matter.