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

[bedowin62]

rich people this, corporations that.

oh teach me how to hate and be petty and jealous like you oh great and wise Progressives!!!

 

[boedicca]

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?

AS opposed to your "beliefs" you pulled out of your ass?

What conservatives say — and why it’s wrong



Conservatives claim the wealthy are overtaxed. But the overall share of taxes paid by the top 1% and the top 5% is about their share of total income. This shows that the tax system is not progressive when it comes to the wealthy. The richest 1% pay an effective federal income tax rate of 24.7%. That is a little more than the 19.3% rate paid by someone making an average of $75,000. And 1 out of 5 millionaires pays a lower rate than someone making $50,000 to $100,000.

Conservatives claim that the estate tax is a “death tax,” wrongly implying that the tax is paid when every American dies. In fact, the tax primarily is paid by estates of multi-millionaires and billionaires. The vast majority of deaths — 99.9% — do not trigger estate taxes today


Fact Sheet: Taxing Wealthy Americans | Americans for Tax Fairness

The richest 1% pay an effective federal income tax rate of 24.7%. That is a little more than the 19.3% rate paid by someone making an average of $75,000.

24.7% is 28% more than 19.3%. Durr.

YOU LEFT THIS OUT BUBS


And 1 out of 5 millionaires pays a lower rate than someone making $50,000 to $100,000.

AND YOU AND THE CONS REFUSE TO IMPLEMENT THE BUFFETT TAX, MIN 30% TAX ON $1,000,000+ INCOMES (ABOVE THE $1 MILL)

So, let's lower the tax rate for the people making $50K to $100K.

See? Easy Peasy Lemon Squeezy.

 

[SAYIT]

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.

We've spent $19T on the War on Poverty, bub.

It's not a Coinkydink that the more we spend to fight poverty, the Richer the Socialist Cronies get.

How much have we spent on wars and to keep the peace? Has it stopped wars? $19 trillion huh? lol

What has America spent on the "War on Poverty?" Have we stopped poverty?
Boy, you fell right into that one.

 

[OnePercenter]

A 30% tax on corporate REVENUE? Grocery stores operate on 2-3% profit margins. So, either they increase prices 30% to cover this tax burden, or they go out of business.


His idiotic plan also involves giving corporations their wage expenses back as a refundable tax credit.
A grocery store with $1,000,000 in sales, $500,000 COGS, $100,000 in rent and $370,000 in wage expenses currently has a $30,000 profit.

He'd tax them $300,000 and at least double their wages to $740,000.
Then he'd give them back the $740,000.
So now we have $1,000,000 in sales, $600,000 in non-deductible expenses and $300,000 in taxes. $100,000 profit.
I wonder if I owned the store, could I raise my salary by $100,000 and get an extra $100,000 tax credit?
I guess I can pay my family members $100,000 each. No, I'd make it $200,000 each.
What could go wrong?

You'd also be taxed on that money. You'd also spend that money in the economy which would also be taxed.

 

[eagle1462010]

Liberals think they are Robin Hood and America is Sherwood Forrest................And they get votes from the Hood.

 

[sealybobo]

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................

Tariff a company that goes overseas. I work for a small competitor in my industry. We'd love to take over the big 2's business.

 

[sealybobo]

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.

What a bunch of financially illiterate CRAP.

A 30% tax on corporate REVENUE? Grocery stores operate on 2-3% profit margins. So, either they increase prices 30% to cover this tax burden, or they go out of business. The neighborhoods most affected will be in POOR areas.

Your plan, quite ironically and likely intentionally, makes your Dreaded INEQUALITY worse. But that is the aim of Socialism - to benefit The Very Rich at the expense of the poor and the middle class.

A 30% tax on corporate REVENUE? Grocery stores operate on 2-3% profit margins. So, either they increase prices 30% to cover this tax burden, or they go out of business.


His idiotic plan also involves giving corporations their wage expenses back as a refundable tax credit.
A grocery store with $1,000,000 in sales, $500,000 COGS, $100,000 in rent and $370,000 in wage expenses currently has a $30,000 profit.

He'd tax them $300,000 and at least double their wages to $740,000.
Then he'd give them back the $740,000.
So now we have $1,000,000 in sales, $600,000 in non-deductible expenses and $300,000 in taxes. $100,000 profit.
I wonder if I owned the store, could I raise my salary by $100,000 and get an extra $100,000 tax credit?
I guess I can pay my family members $100,000 each. No, I'd make it $200,000 each.
What could go wrong?

Subsidize food. Tax GE blenders. So don't buy a $100 blender cheap ass. Go to ikea

 

[OnePercenter]

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

Since the feds return almost all if not more of the income tax's collected back to the States, don't some of the 'goodies' come from the feds?

 

[sealybobo]

Liberals think they are Robin Hood and America is Sherwood Forrest................And they get votes from the Hood.

Bernie sounds wonderful.

Arent you worried about your own primaries? Who you like? None of them? I agree.

 

[eagle1462010]

Top 7 Wackiest Examples of Wasteful Government Spending from Wastebook 2014

1. The National Institute of Health’s Center for Alternative and Complimentary Medicine spent $387,000 to study the effects of Swedish massages on rabbits.
2. The Department of Interior spent $10,000 to monitor the growth rate of saltmarsh grass. In other words, the government is paying people to watch grass grow. On the bright side, they have not started paying people to watch paint dry.
3. The National Science Foundation has granted more than $200,000 to a research project that is trying to determine how and why Wikipedia is sexist. Wikipedia’s War on Woman?
4. The National Institute of Health funded a study to see if mothers love dogs as much as they love kids. Regardless of the results, this experiment cost taxpayers $371,026.
5. The federal government has granted $804,254 for the development of a smartphone game called “Kiddio: Food Fight.” The game is intended to teach parents how to convince their children to try and eat new healthier food choices.
6. The National Endowment for the Humanities has provided $47,000 for undergraduate classes that teach students about laughing and humor.
7. The National Science Foundation spent $856,000 to teach mountain lions how to walk on treadmills as part of a research project whose aim was to better understand mountain lions’ instincts.

While some of these waste examples seem like a drop in the bucket, cutting wasteful spending is important to build momentum to tackle even more difficult and pressing issues, like entitlement spending.

 

[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?

It's a PAY AS YOU GO SYSTEM (of course Ronnie increase SS taxes in 1986 to "save SS" BUT USED THE EXTRA REVENUES TO FUND GOV'T THE NEXT 30 YEARS. Weird you don't get that!

A President can't do that, only Congress can which of course was Democrat during Reagan's two terms. And it can be rescinded by the following administrations.

For the past couple of years, SS has been paying out more than it's taking in. Next year, SS disability will be completely broke unless we ask China to secure funds to it.

This "pay as you go" system as you call it is mandatory--not optional. If it were optional, more intelligent people would opt out and invest that money in a slow-growth conservative fund. After all, for most American workers, SS contributions are the second highest tax next to FICA which is another fancy name for SS anyway.

 

[sealybobo]

rich people this, corporations that.

oh teach me how to hate and be petty and jealous like you oh great and wise Progressives!!!

Teach you how to value American workers? Impossible

 

[sealybobo]

Top 7 Wackiest Examples of Wasteful Government Spending from Wastebook 2014

1. The National Institute of Health’s Center for Alternative and Complimentary Medicine spent $387,000 to study the effects of Swedish massages on rabbits.
2. The Department of Interior spent $10,000 to monitor the growth rate of saltmarsh grass. In other words, the government is paying people to watch grass grow. On the bright side, they have not started paying people to watch paint dry.
3. The National Science Foundation has granted more than $200,000 to a research project that is trying to determine how and why Wikipedia is sexist. Wikipedia’s War on Woman?
4. The National Institute of Health funded a study to see if mothers love dogs as much as they love kids. Regardless of the results, this experiment cost taxpayers $371,026.
5. The federal government has granted $804,254 for the development of a smartphone game called “Kiddio: Food Fight.” The game is intended to teach parents how to convince their children to try and eat new healthier food choices.
6. The National Endowment for the Humanities has provided $47,000 for undergraduate classes that teach students about laughing and humor.
7. The National Science Foundation spent $856,000 to teach mountain lions how to walk on treadmills as part of a research project whose aim was to better understand mountain lions’ instincts.

While some of these waste examples seem like a drop in the bucket, cutting wasteful spending is important to build momentum to tackle even more difficult and pressing issues, like entitlement spending.

There's a reason behind all those projects. Look into them you realize GOP being petty hypocrites and only telling half the story. It's an election year coming up get ready.

 

[eagle1462010]

Liberals think they are Robin Hood and America is Sherwood Forrest................And they get votes from the Hood.

Bernie sounds wonderful.

Arent you worried about your own primaries? Who you like? None of them? I agree.

I'm sure you think he's wonderful...............

 

[bedowin62]

the middle class had it better when republicans ran things
the richest never had it so good as under Progressives

libs are losers who lie to themselves

 

[Dad2three]

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................

MORE right wing garbage. MY GENERATION, bought into Reagan's BS putting things on the credit card AS he gutted revenues. Carter had US at nearly 20% of GDP, Ronnie cut it to 17%+. CLINTON GOT US back to 20% AND THEN DUBYA/GOP GUTTED IT TO LESS THAN 15% OF GDP (KOREAN WAR LEVELS!!!)


IT'S A REVENUE PROBLEM FOR 30+ YEARS!!!

Conflating a state (MY STATE, CALI IS DOING GREAT AFTER KICKING THE GOP GUV OUT) with a city? lol

We've averaged 18.1% since WWII................irregardless of tax rates..............If that is the average for that long.........Federal Spending over that amount is STUPIDITY unless you want the debt to tank us..............

Obama has added debt that is more than all the others combined before he leaves office..................Not to mention the debt ceiling was reached back in March and they are putting off that battle until the primaries..................Politics............

Finally we spend more than the 2nd highest GDP Nation in the world...........but we don't have a spending problem.



Yeah right.

Average since WW2? lol

HINT we created Medicare in the 1960's(Dubya/GOP created MORE Medicare expense without a single penny of funding in 2004 AND they can't negotiate prices!!!) AND Obamacares as well as Ronnie had US spending 22%+ of GDP? HMM

Clinton BALANCED the budget at 20% of GDP about 15 years ago?D UBYA gutted it to less than 15% of GDP AND PUT TWO WARS ON THE CREDIT CARD!


Ronnie tripled EVERY other US Prez and then Dubya doubled it. AND?


US ECONOMY IS LARGER THAN EU COMBINED GDP? WE SPEND MORE? lol

YES, TAX RATES CHANGED, BUT THE RICH SHIFTED THEIR BURDEN!

 

[sealybobo]

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?

It's a PAY AS YOU GO SYSTEM (of course Ronnie increase SS taxes in 1986 to "save SS" BUT USED THE EXTRA REVENUES TO FUND GOV'T THE NEXT 30 YEARS. Weird you don't get that!

A President can't do that, only Congress can which of course was Democrat during Reagan's two terms. And it can be rescinded by the following administrations.

For the past couple of years, SS has been paying out more than it's taking in. Next year, SS disability will be completely broke unless we ask China to secure funds to it.

This "pay as you go" system as you call it is mandatory--not optional. If it were optional, more intelligent people would opt out and invest that money in a slow-growth conservative fund. After all, for most American workers, SS contributions are the second highest tax next to FICA which is another fancy name for SS anyway.

Most Americans aren't saving a dime and will need ss.

 

[eagle1462010]

Top 7 Wackiest Examples of Wasteful Government Spending from Wastebook 2014

1. The National Institute of Health’s Center for Alternative and Complimentary Medicine spent $387,000 to study the effects of Swedish massages on rabbits.
2. The Department of Interior spent $10,000 to monitor the growth rate of saltmarsh grass. In other words, the government is paying people to watch grass grow. On the bright side, they have not started paying people to watch paint dry.
3. The National Science Foundation has granted more than $200,000 to a research project that is trying to determine how and why Wikipedia is sexist. Wikipedia’s War on Woman?
4. The National Institute of Health funded a study to see if mothers love dogs as much as they love kids. Regardless of the results, this experiment cost taxpayers $371,026.
5. The federal government has granted $804,254 for the development of a smartphone game called “Kiddio: Food Fight.” The game is intended to teach parents how to convince their children to try and eat new healthier food choices.
6. The National Endowment for the Humanities has provided $47,000 for undergraduate classes that teach students about laughing and humor.
7. The National Science Foundation spent $856,000 to teach mountain lions how to walk on treadmills as part of a research project whose aim was to better understand mountain lions’ instincts.

While some of these waste examples seem like a drop in the bucket, cutting wasteful spending is important to build momentum to tackle even more difficult and pressing issues, like entitlement spending.

There's a reason behind all those projects. Look into them you realize GOP being petty hypocrites and only telling half the story. It's an election year coming up get ready.

BS...................It's wasteful spending..............hundreds of Billions of waste in the Waste book every year....................and your side we can't cut spending.........

 

[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................

MORE right wing garbage. MY GENERATION, bought into Reagan's BS putting things on the credit card AS he gutted revenues. Carter had US at nearly 20% of GDP, Ronnie cut it to 17%+. CLINTON GOT US back to 20% AND THEN DUBYA/GOP GUTTED IT TO LESS THAN 15% OF GDP (KOREAN WAR LEVELS!!!)


IT'S A REVENUE PROBLEM FOR 30+ YEARS!!!

Conflating a state (MY STATE, CALI IS DOING GREAT AFTER KICKING THE GOP GUV OUT) with a city? lol

We've averaged 18.1% since WWII................irregardless of tax rates..............If that is the average for that long.........Federal Spending over that amount is STUPIDITY unless you want the debt to tank us..............

Obama has added debt that is more than all the others combined before he leaves office..................Not to mention the debt ceiling was reached back in March and they are putting off that battle until the primaries..................Politics............

Finally we spend more than the 2nd highest GDP Nation in the world...........but we don't have a spending problem.



Yeah right.

Average since WW2? lol

HINT we created Medicare in the 1960's(Dubya/GOP created MORE Medicare expense without a single penny of funding in 2004 AND they can't negotiate prices!!!) AND Obamacares as well as Ronnie had US spending 22%+ of GDP? HMM

Clinton BALANCED the budget at 20% of GDP about 15 years ago?D UBYA gutted it to less than 15% of GDP AND PUT TWO WARS ON THE CREDIT CARD!


Ronnie tripled EVERY other US Prez and then Dubya doubled it. AND?


US ECONOMY IS LARGER THAN UE COMBINED GDP? WE SPEND MORE? lol

You do understand what AVERAGE MEANS.................

 

[bedowin62]

under Progressive rule the very richest got richer, the poorest got poorer

both at an increased pace than was happening under Republicans