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

[SAYIT]

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

I see comprehension isn't your strong suit. That would explain your loony leftism.
BTW, didn't you once claim you "earn" millions yet pay no income tax?

Thanks to Republicans I pay no personal federal income tax because I 'officially' make zero income.

Yanno, I'll not bother addressing the world class stupidity in your response but I will mention the world class hypocrisy and if made to guess, I'd say you can't see either.

 

[Dad2three]

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."

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.

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?

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?

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?

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."

IThe fortunate 400: David Cay Johnston

Do the rich pay lower taxes than the middle class?

Your headline needs to be corrected to align with your premise. You say poor and middle incomes are paying higher rates but high income earners are paying "lower taxes"??? The high income earners rates may only be 5.4 percent but it is adding up to greater than 70 percent of the taxes??

How can the high income earners be paying lower taxes (read "Total") when the study focuses on rates? Think instead of cutting and pasting.

REALLY? THAT'S ALL YOU HAVE? lol

Don't get percentage huh? You MUST be a conservative *hint the top 10% make almost 50% of ALL US income (from 32% in 1980).....13 million FAMILIES versus 123+ million FAMILIES

 

[OnePercenter]

One more time: The bottom 49% pay NOTHING towards our collective federal income tax burden yet have the same access to our infrastructure as those who do pay. How is that "fair?"

They don't have any money.

If you want that to change;

-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2015 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 500 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2015 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

this is an idiot plan that would cost thousands of jobs and create a serious problem in this countries finances. and the free loaders still get a free ride.
again, everyone else paying is fine as long as its not you.

Reducing businesses employee and tax/fee expense to 30% is bad?

 

[sealybobo]

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?

And that's another concept our loony lefties just can't (or won't) grasp ... the fact that not all (or even most) biz owners (you know, those who collect biz taxes from consumers and pass them along to the gov't) are rich. To any sane biz owner, taxes are just another COGS to be figured into the price of their products and services but allow me to suggest that YOU establish a biz and give most (or even all) of YOUR proceeds to your employees, customers and the gov't. After all, that is why people start businesses, right?

I can afford to pay more

 

[Toddsterpatriot]

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

You MIGHT have something, IF the US collected only income taxes as revenues

You're whining about tax-expenditures and now you want to bring in other sources of revenue? LOL!
I accept your surrender.

 

[sealybobo]

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?

And that's another concept our loony lefties just can't (or won't) grasp ... the fact that not all (or even most) biz owners (you know, those who collect biz taxes from consumers and pass them along to the gov't) are rich. To any sane biz owner, taxes are just another COGS to be figured into the price of their products and services but allow me to suggest that YOU establish a biz and give most (or even all) of YOUR proceeds to your employees, customers and the gov't. After all, that is why people start businesses, right?

I can afford to pay more

 

[OnePercenter]

Lemme go look that up.

It's 5% to 8%.

 

[Toddsterpatriot]

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!

So the revenue increased, even though the rate went down. It actually added revenue to the Treasury.

I'm glad you were able to admit your error.

 

[Dad2three]

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?

And that's another concept our loony lefties just can't (or won't) grasp ... the fact that not all (or even most) biz owners (you know, those who collect biz taxes from consumers and pass them along to the gov't) are rich. To any sane biz owner, taxes are just another COGS to be figured into the price of their products and services but allow me to suggest that YOU establish a biz and give most (or even all) of YOUR proceeds to your employees, customers and the gov't. After all, that is why people start businesses, right?

Yet for 30+ years CONservatives/GOP policy has been written to benefit the plutocrat class over small Biz, go figure!

 

[OnePercenter]

Irrelevant.
The claim to which I responded - as ridiculous as it was - is that the rich make greater use of our infrastructure than the poor. I simply pointed out that the poor pay NOTHING for it ... that they get a FREE RIDE on the backs of those who do pay federal income tax.

Not making enough income to pay living expenses is irrelevant?

 

[eagle1462010]

Stop talking about yourself!!! you're the one kissing the rich mans ass over his own country.

BS.............I've stated that the tax system should be simplified....................Just to shut people like you up............You wouldn't be able to complain about loop holes.......................They'd be gone................

Our problem is we are spending more than we take in.................In to debt up to our asses...................and refuse to make the necessary cuts to ensure the dollars future and standard of living's future for the next generation. How does devaluating the dollar help anyone....................

Raising taxes when the investors can haul ass to other countries isn't the right strategy as well.................They don't have to stay here and they are leaving..................taxing the shit out of them doesn't create the jobs to keep our middle class alive...................The examples of California and Detroit being prime examples.........................

So..............LA LA LA LA................

 

[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.

Where did the trust funds, raided to the tune of $3+ trillion the past 30 years go then????

What trust funds do you speak of? You mean Social Security? Social Security is a prime example of government rip-off. This year I had a family member pass away, a close friend, and last year, my neighbor. All died under the age which they could collect Social Security. What happened to all that money they (and their employers) contributed to this fund?

 

[Dad2three]

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

Honestly.

One more time: The bottom 49% contribute NOTHING towards our collective federal income tax burden yet have the same access to our infrastructure as those who do pay. How is that "fair?"

So Gov't is and has been ran ONLY on income taxes huh? lol

SIXTY EIGHT MILLION FAMILIES WENT FROM ALMOST 18% OF US INCOME IN 1980 TO 11% (ALMOST $5,000 LESS) TODAY, AVERAGES LESS THAN $15,000 PER FAMILY. HOW MUCH SHOULD THEY PAY?
Summary of Latest Federal Income Tax Data

Very disingenuous of you, Princess. The topic of this discussion is our federal infrastructure (interstate highways, federal courts and gov't, military, etc.). You know ... the stuff we who contribute to the US Treasury through income taxes pay for and the stuff those who don't pay federal income taxes don't pay for?

REALLY? SO PLEASE tell me what the $3+ trillion in trust funds from SS/Medicare was spent on the past 30+ years? IF ONLY income taxes pay for things (not even considering gas, excise, Biz, etc taxes)....

 

[Dad2three]

Your right wing projection noted Bubs

 

[sealybobo]

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?

And that's another concept our loony lefties just can't (or won't) grasp ... the fact that not all (or even most) biz owners (you know, those who collect biz taxes from consumers and pass them along to the gov't) are rich. To any sane biz owner, taxes are just another COGS to be figured into the price of their products and services but allow me to suggest that YOU establish a biz and give most (or even all) of YOUR proceeds to your employees, customers and the gov't. After all, that is why people start businesses, right?

Yet for 30+ years CONservatives/GOP policy has been written to benefit the plutocrat class over small Biz, go figure!

For 30 years we told them their policies would grow the gap between the rich and poor and they didn't care. They said let the free market decide.

NOW they acknowledge the gap and that its a problem, but they blame Democrats.

I hate Republicans.

 

[SAYIT]

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.

So pass them on! If the economy is booming we can all afford it.

Wait ... so now that you understand that biz taxes are treated by businesses as sales taxes - to be collected from the consumer and passed on to the gov't - and knowing that those taxes hit the poor disproportionately, you still want them? I'm good with that but you will have to stop whining about the disproportionality and must spank every loony leftist who continues to do so.
Dayam ... and all this time I thought you guys were concerned about the plight of the poor. Woo. My bad.

 

[eagle1462010]

Your right wing projection noted Bubs

So what's new with you on it anyway..................Break out your pom poms and shout TAX THE RICH, TAX THE RICH, TAX THE RICH...............Do you wear a skirt when you cheer that shit...................you drive business out of state and wonder why they leave your ass..........and then expect people to agree with your BS.................Not happening bubs.............

 

[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?

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

Let's take $100,000 as the income figure in 2014.
That single taxpayer pays $7,650 in Social Security and Medicare taxes.
Now his standard deduction is $6200 and his personal exemption is $3950, leaving his taxable income at
$89850. According to the 2014 tax tables, his Federal Income Tax is $18,341.
$25,991 combined. Less than 29%.

The millionaire pays $7254 in Social Security on his first $117,000 in income and $14,500 in Medicare taxes.
His personal exemption is phased out but he can still use the $6200 standard deduction.
His taxable income of $993,800 gives him a Federal Income Tax of $345,817.60.
$367,571.60 combined. Almost 37%.

MAKING UP YOUR OWN NUMBERS? I'm shocked (not really)

HINT TOP 1/10TH OF 1% EFFECTIVE TAX RATE IS NO WHERE NEAR 37% Bubs


But, as the table to the right illustrates, the total share of taxes (federal, state, and local) that will be paid by Americans across the economic spectrum in 2014 is roughly equal to their total share of income.




IN A SUPPOSEDLY PROGRESSIVE SYSTEM??? LOL

Who Pays Taxes in America in 2014? | CTJReports

 

[Toddsterpatriot]

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?

Which claim of mine required me to post a tax RATE Bubba? Oh right NOTHING. And yes, I'm really shy about giving links to back up my posits? Oh wait, no IT'S The opposite, conservatives have a hard time with that!!!!

Which claim of mine required me to post a tax RATE Bubba?

So he didn't raise the payroll rates. Thanks.

 

[SAYIT]

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?

And that's another concept our loony lefties just can't (or won't) grasp ... the fact that not all (or even most) biz owners (you know, those who collect biz taxes from consumers and pass them along to the gov't) are rich. To any sane biz owner, taxes are just another COGS to be figured into the price of their products and services but allow me to suggest that YOU establish a biz and give most (or even all) of YOUR proceeds to your employees, customers and the gov't. After all, that is why people start businesses, right?

Yet for 30+ years CONservatives/GOP policy has been written to benefit the plutocrat class over small Biz, go figure!

For 30 years we told them their policies would grow the gap between the rich and poor and they didn't care. They said let the free market decide.

NOW they acknowledge the gap and that its a problem, but they blame Democrats.

I hate Republicans.

Whoa, Princess! Not 10 minutes ago you posted your approval of biz taxes despite knowledge of the fact that they are treated as COGS and passed on to consumers, disproportionately hurting the poor just as sales taxes do. Now you are complaining about the income/wealth gap which is widened by the very biz taxes of which you just approved. The level of hypocrisy among this board's loony lefties is surpassed only by their monumental stupidity.