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

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.
20150817_Charts_2-2.png

20150817_Charts_3-1.png

"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."
20150817_Charts_4-1.png

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


    • 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

Closer to like 15 trillion over 5 decades, and very little to show for it.

So spending money doesn't really mean ANYTHING in your original premise? Good, glad we agree
 
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
You're lying to yourself. Mitch McConnell broke obstruction records. You'd have to have had your head buried these years to believe what you just said. You'd have to have forgotten the bush years and tea party years.

You'd have to be dumb or a liar.
 
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.
20150817_Charts_2-2.png

20150817_Charts_3-1.png

"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."
20150817_Charts_4-1.png

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


    • 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.
And it has helped, without the war on poverty, the poor would be worse off.
https://courseworks.columbia.edu/access/content/group/c5a1ef92-c03c-4d88-0018-ea43dd3cc5db/Working Papers for website/Anchored SPM.December7.pdf
http://www.nytimes.com/2012/04/10/us/food-stamp-program-helping-reduce-poverty.html?_r=0
Welfare programs shown to reduce poverty in America
Food Stamps Helped Reduce Poverty Rate, Study Finds - UC Davis Center for Poverty Research


Absolute Closed Loop Logic Poppycock.

As we haven't tried real Free Market Capitalism for a very long time, you have no idea what the opportunity cost of excessive government has wrought.

I'll refer you to Bastiat, although it's rather optimistic of me to think you might grok him.

That Which is Seen, and That Which is Not Seen; by Frederic Bastiat
Sorry that the facts suck, all around the world, with the beginning of capitalism in europe after the overthrow of feudalism, the regulation free capitalist society in America.. a "free market" failed, monopolies occurred, capitalists influenced the state to benefit themselves, child labor was rampant, seniors were fucked unless they had a family, wages were low, labor unions were attacked.. It has failed everywhere, and led to regulations, state intervention. The cost of excessive government? The war on poverty needed to happen, and must continue to happen, the poor would just be worse off without it.

Which was the exact sentiment of the left when Gingrich introduced Welfare Reform. Turned out to be the exact opposite. Welfare Reform was a great success because people who had limited alternatives chose to work instead of finding alternate ways to milk the system.

On a personal note, I've witnessed several instances where welfare has deterred people from advancing themselves. In fact one of them were my former tenants who I evicted because they didn't want to lose their SNAP's card benefits. They chose SNAP's benefits to income that could have secured their apartment and lifestyle. If there were no such thing as food stamps, they may have chosen increasing their household income and kept their apartment. But no, now they have an eviction on their record and it will haunt them for any other apartment they apply for the next several years.
 
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.

Simple minds with simple solutions. Donald Trump that you?
 
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%.

A millionaire would reduce his/her taxable income through the many tax loopholes available to $100k and pay 20% federal tax of that figure which is 2% of total income.
 
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.
20150817_Charts_2-2.png

20150817_Charts_3-1.png

"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."
20150817_Charts_4-1.png

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


    • 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.
:lmao:

Sure Bubs, sure. Weird YOU can't use logic there Bubs
 
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%.

A millionaire would reduce his/her taxable income through the many tax loopholes available to $100k and pay 20% federal tax of that figure which is 2% of total income.
Then simplify the code and end the BS. Set percentage with no BS......................
That has been said many times in this thread.
 
Dumb2three, you're a lying Commie fuck.

images


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



average_effective_federal_tax_rates.png


average-effective-tax-rates-by-income-percentiles-1960-2004.png

2-22-10tax-f1.jpg

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

MAKING UP YOUR OWN NUMBERS?

Nope, used the numbers in your article, dipshit.
LOL!
 
47c1119ff544bbf562678f9a7690050d.jpg



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



Without false premises, distortions and LIES, the right wingers would have NOTHING. Oh right, it's what they argue now!
 
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%.

A millionaire would reduce his/her taxable income through the many tax loopholes available to $100k and pay 20% federal tax of that figure which is 2% of total income.
Then simplify the code and end the BS. Set percentage with no BS......................
That has been said many times in this thread.



But but but...because EQUALTY!

And simple means less opportunities for GRAFT.
 
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.

I'm pointing out the stupidity of fools like you that allow me to keep more of my money and screwing themselves.
 
47c1119ff544bbf562678f9a7690050d.jpg



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



Without false premises, distortions and LIES, the right wingers would have NOTHING. Oh right, it's what they argue now!

That's his platform..........and you guys think you are Robin N the hoods....................Your side is good at one thing..........Driving business away.................

I remember building a gas turbine plant in Mohave Arizona........Just across the border from Needles Liberalfornia..................during the Black outs............Do you know why it was built in Arizona........because the power plant said it would be a cold day in Hell when they would build it in California...............
 
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.

shrimp.png

Weird, they left out Dubya/GOP's UNFUNDED wars and UNFUNDED tax cuts for the rich AND UNFUNDED Medicare expansion (where, by GOP LAW, the Gov't CAN'T negotiate with the pharmaceutical Comps, go figure!!!!)
 
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 goes to their survivors.
 
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%.

A millionaire would reduce his/her taxable income through the many tax loopholes available to $100k and pay 20% federal tax of that figure which is 2% of total income.
Then simplify the code and end the BS. Set percentage with no BS......................
That has been said many times in this thread.



But but but...because EQUALTY!

And simple means less opportunities for GRAFT.
There afraid they will lose something to bitch about...................but but they will always find something else to whine about.......They always do...........

:boohoo:
 
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.
?...

24.7 / 19.3 = 1.2797927

Durr.
 
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.

shrimp.png

Weird, they left out Dubya/GOP's UNFUNDED wars and UNFUNDED tax cuts for the rich AND UNFUNDED Medicare expansion (where, by GOP LAW, the Gov't CAN'T negotiate with the pharmaceutical Comps, go figure!!!!)
You forget that the Democratic solution was for DOUBLE THE PRICE of Bushes plan................
We went to War with the votes from the Dems as well..................after 3,000 Americans died.................but you would have done what................Mr. Chamberland.............................Your side always wanted more back then, even when you got half of what you wanted...........

Then you took the money with Obamacare................So spare me your BS>
 
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.

I'm pointing out the stupidity of fools like you that allow me to keep more of my money and screwing themselves.
If liberals and progressives focused on cleaning up the tax code and eliminating all the loopholes and exemptions that allow so many wealthy people to avoid taxes, they'd find a lot of cross-over support from conservatives and libertarians. Enough to actually implement the changes. I wonder why they don't.
 
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.


ACTUALLY, the Senate was GOP for 6 of Ronnie's years AND the LAW required Ronnie's signature Bubs

AND NO, YOU AREN'T GOING TO "RESCIND' A TAX AND MIDDLE CLASS, AS THE GOP REFUSAL TO FIGHT TO STOP THE TEMPORARY TAX CUT UNDER OBAMA. WEIRD THEY DIDN'T FIGHT FOR THAT RIGHT? lol

Hint more going out than coming in? Wow, you mean the $3+ trillion in trust funds coming due? lol Who knew running up the credit cards would EVENTUALLY require funds to be paid back? IMAGINE if Ronnie didn't prove "deficits don't matter"?


HINT CHINA HAS TAKEN MONEY OUT OF US BONDS THE PAST COUPLE YEARS (THEY HAVE $13 TRILLION OF DEBT TO DEAL WITH, STOCK MARKET COLLAPSE, RUNAWAY "FREE MARKET" CAPITALISM THAT HAS DRAINED THEIR ECONOMY, LIKE THE US IN 2008
 

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