The truth about taxes

[ShaklesOfBigGov]

I'm not sure what is more astounding - Obama's outrageous lies that his administration has "cut taxes" or the astounding ignorance required by his base to actually believe it...

These 13 Tax Increases Hit in 2013

What about the costs involved to businesses by sorting through fines, and compliance notices with over 800 new regulations under this administration? Is that not another creative means this administration can use in creating more revenue for the government?

Of course we have the push to get Obamacare started. Now there is another way for which people in the private sector must come under "compliance" or face a fine, which is a actually really just being called a "tax", and be subjected to the bully tactics of our government. So where ARE all these tax reductions that Americans can thank this administration for? Curious to see what list the liberals can actually produce.

 

[bripat9643]

It must hurt to keep punching yourself in the face the way zeke does.

What a stupid fuk you are briarpatty.

Your dog buddy said billions of gallons. The article you linked to said maybe twice as much as the Exon Valdez spill.

You stupid fuk. You think the Exon Valdez was hauling billions of gallons of oil?

It is painful to put up with your stupidity. Is it painful to be so stupid? Just curious.
And can't you read very well? Or is it comprehension that baffles you?

That's per incident you moron. And there are incidents all over the oceans floor constantly.

You continue to take stupidity to previously unforeseen levels Zeke.

If you look up "stupid dumb fuck liberal" in the dictionary, you'll find Zeke's picture there.

 

[healthmyths]

Scientists Find That Tons Of Oil Seep Into The Gulf Of Mexico Each Year

It must hurt to keep punching yourself in the face the way zeke does.

What a stupid fuk you are briarpatty.

Your dog buddy said billions of gallons. The article you linked to said maybe twice as much as the Exon Valdez spill.

You stupid fuk. You think the Exon Valdez was hauling billions of gallons of oil?

It is painful to put up with your stupidity. Is it painful to be so stupid? Just curious.
And can't you read very well? Or is it comprehension that baffles you?

one barrel of oil holds 42 gallons.
Exxon Valdez carried 53,094,510 gallons (1,264,155 barrels)
http://www.arlis.org/docs/vol2/a/EVOS_FAQs.pdf

 

[Foxfyre]

I'm not sure what is more astounding - Obama's outrageous lies that his administration has "cut taxes" or the astounding ignorance required by his base to actually believe it...

These 13 Tax Increases Hit in 2013

What about the costs involved to businesses by sorting through fines, and compliance notices with over 800 new regulations under this administration? Is that not another creative means this administration can use in creating more revenue for the government?

Of course we have the push to get Obamacare started. Now there is another way for which people in the private sector must come under "compliance" or face a fine, which is a actually really just being called a "tax", and be subjected to the bully tactics of our government. So where ARE all these tax reductions that Americans can thank this administration for? Curious to see what list the liberals can actually produce.

I would like to see where all these tax savings are too. Can the President legitimately say he lowered taxes if one tax is less but a bigger tax was added? Can anybody here honestly say they paid less in taxes in 2013 unless their income was also substantially lower? Now it IS true that real incomes have declined overall under Obama economics and that no doubt results in lower taxes. But that is a hell of a way to lower taxes.

 

[P@triot]

It seems to me that left unencumbered by the rules that the government SHOULD be enforcing, corporations would get away with even more crap than they do. What regulations do you think are impeding private sector commerce?

Would you like me to keep going [MENTION=37583]JoeNormal[/MENTION] (I literally have thousands of these jaw-dropping examples) - or are you willing to concede that unconstitutional federal government is regulating jobs overseas and companies out of business?

The Obama Administration fervently opposes state laws requiring voter identification to cast a ballot. But it is insisting that the nation’s farmers prove the identity of every chicken transported across state lines.

Under the fowl rule proposed by the U.S. Department of Agriculture (USDA), a flock that has been hatched, fatted, and butchered as a single unit may be transported from state to state with a “group identification.” But such groups are as scarce as hen’s teeth.

The vast majority of poultry owners are not part of a vertically integrated commercial operation. They routinely co-mingle chicken stock of varying sources and ages. Consequently, under the rule, they will have to attach sealed and numbered leg bands to every bird they transport.

Tales of the Red Tape #36: USDA Lays a Regulatory Egg

I have no idea what problems this bill was meant to address and I suspect that neither do you. Actually, it seems like you're grasping at straws to even bother posting it. Of course it doesn't take much time, given that there's a right wing site that has them catalogued for easy distribution so why not, right?

Lets be honest - you have "no idea" about anything. You just blindly approve of anything government does like a good little lap dog. You basically just admitted that this bill is beyond absurd, but then you attack the messenger instead of the Dumbocrats in Washington who are ignorantly regulating jobs overseas.

You're too much of a partisan hack to realize that Washington is not made up of a bunch of honorable, altruistic men & women, but rather a bunch of dirtbags who make dirty back room deals to fuck Americans over for their own selfish interests. This bill was not created to address some "problem" as you ignorantly believe. It was created because someone who stood to profit from it greased the palms of enough legislators to get it pushed through.

 

[P@triot]

The Richest 1% of Americans Pay 24% of Federal Taxes

That's just incredible. A minuscule 1% of this nation carries an astounding 1/4th of the entire federal burden (and tragically, the federal burden is now an inexcusable $3 trillion per year).

The Distribution of Household Income and Federal Taxes 2011 Congressional Budget Office

The Richest 1 of Americans Pay 24 of Federal Taxes

 

[ShaklesOfBigGov]

It seems to me that left unencumbered by the rules that the government SHOULD be enforcing, corporations would get away with even more crap than they do. What regulations do you think are impeding private sector commerce?

Would you like me to keep going [MENTION=37583]JoeNormal[/MENTION] (I literally have thousands of these jaw-dropping examples) - or are you willing to concede that unconstitutional federal government is regulating jobs overseas and companies out of business?

The Obama Administration fervently opposes state laws requiring voter identification to cast a ballot. But it is insisting that the nation’s farmers prove the identity of every chicken transported across state lines.

Under the fowl rule proposed by the U.S. Department of Agriculture (USDA), a flock that has been hatched, fatted, and butchered as a single unit may be transported from state to state with a “group identification.” But such groups are as scarce as hen’s teeth.

The vast majority of poultry owners are not part of a vertically integrated commercial operation. They routinely co-mingle chicken stock of varying sources and ages. Consequently, under the rule, they will have to attach sealed and numbered leg bands to every bird they transport.

Tales of the Red Tape #36: USDA Lays a Regulatory Egg

I have no idea what problems this bill was meant to address and I suspect that neither do you. Actually, it seems like you're grasping at straws to even bother posting it. Of course it doesn't take much time, given that there's a right wing site that has them catalogued for easy distribution so why not, right?

Lets be honest - you have "no idea" about anything. You just blindly approve of anything government does like a good little lap dog. You basically just admitted that this bill is beyond absurd, but then you attack the messenger instead of the Dumbocrats in Washington who are ignorantly regulating jobs overseas.

You're too much of a partisan hack to realize that Washington is not made up of a bunch of honorable, altruistic men & women, but rather a bunch of dirtbags who make dirty back room deals to fuck Americans over for their own selfish interests. This bill was not created to address some "problem" as you ignorantly believe. It was created because someone who stood to profit from it greased the palms of enough legislators to get it pushed through.

The state I live has suffered from high taxes on businesses (actually high taxes in general), which have caused businesses to pack up, close their doors, move, and take all those jobs somewhere else. The state's economy has suffered so much under a Democrat governor and legislature, that the people FINALLY was fed up enough to give the Democrats and ass kicking in both branches right to the curb. This was a rare moment for a blue state to turn bright red in an overwhelming vote.

You can only raise taxes so much, that when the business all decide to leave, that those without work begin to open their eyes to the resulting demise from their own party. Those who continue to boast the need for higher taxes will soon suffer the same fate as the state of Maryland, and watch as their Democrat party struggles to find a way back with voters for power. The mid terms had a choice of which party to turn to when it comes to the economy, the question is will this President continue to be ignorant within his own inflated self ego to see it?

Pelosi strike one, Reed strike two .....

 

[P@triot]

A fundamental truth which cannot be denied - only lied about. The left always declares they want "higher wagers" for workers but then they implement policies which cause lower wages.

 

[francoHFW]

It seems to me that left unencumbered by the rules that the government SHOULD be enforcing, corporations would get away with even more crap than they do. What regulations do you think are impeding private sector commerce?

Would you like me to keep going [MENTION=37583]JoeNormal[/MENTION] (I literally have thousands of these jaw-dropping examples) - or are you willing to concede that unconstitutional federal government is regulating jobs overseas and companies out of business?

The Obama Administration fervently opposes state laws requiring voter identification to cast a ballot. But it is insisting that the nation’s farmers prove the identity of every chicken transported across state lines.

Under the fowl rule proposed by the U.S. Department of Agriculture (USDA), a flock that has been hatched, fatted, and butchered as a single unit may be transported from state to state with a “group identification.” But such groups are as scarce as hen’s teeth.

The vast majority of poultry owners are not part of a vertically integrated commercial operation. They routinely co-mingle chicken stock of varying sources and ages. Consequently, under the rule, they will have to attach sealed and numbered leg bands to every bird they transport.

Tales of the Red Tape #36: USDA Lays a Regulatory Egg

I have no idea what problems this bill was meant to address and I suspect that neither do you. Actually, it seems like you're grasping at straws to even bother posting it. Of course it doesn't take much time, given that there's a right wing site that has them catalogued for easy distribution so why not, right?

Lets be honest - you have "no idea" about anything. You just blindly approve of anything government does like a good little lap dog. You basically just admitted that this bill is beyond absurd, but then you attack the messenger instead of the Dumbocrats in Washington who are ignorantly regulating jobs overseas.

You're too much of a partisan hack to realize that Washington is not made up of a bunch of honorable, altruistic men & women, but rather a bunch of dirtbags who make dirty back room deals to fuck Americans over for their own selfish interests. This bill was not created to address some "problem" as you ignorantly believe. It was created because someone who stood to profit from it greased the palms of enough legislators to get it pushed through.

The state I live has suffered from high taxes on businesses (actually high taxes in general), which have caused businesses to pack up, close their doors, move, and take all those jobs somewhere else. The state's economy has suffered so much under a Democrat governor and legislature, that the people FINALLY was fed up enough to give the Democrats and ass kicking in both branches right to the curb. This was a rare moment for a blue state to turn bright red in an overwhelming vote.

You can only raise taxes so much, that when the business all decide to leave, that those without work begin to open their eyes to the resulting demise from their own party. Those who continue to boast the need for higher taxes will soon suffer the same fate as the state of Maryland, and watch as their Democrat party struggles to find a way back with voters for power. The mid terms had a choice of which party to turn to when it comes to the economy, the question is will this President continue to be ignorant within his own inflated self ego to see it?

Pelosi strike one, Reed strike two .....

The Richest 1% of Americans Pay 24% of Federal Taxes

That's just incredible. A minuscule 1% of this nation carries an astounding 1/4th of the entire federal burden (and tragically, the federal burden is now an inexcusable $3 trillion per year).

The Distribution of Household Income and Federal Taxes 2011 Congressional Budget Office

The Richest 1 of Americans Pay 24 of Federal Taxes

Yeah and they have 18-24% of income, and 33-42% of the wealth, you ignorant dupe. The rich/poor gap and social mobility have never been worse, we have basically a flat tax system if you count ALL taxes (state and local that have skyrocketed to make up for cuts in fed aid, and KILL the non-rich, dupe), with basically all the new wealth staying with the 1% and the country and the middle class going to hell. All to save the richest and giant corps from paying their fair share.How Much Wealth and Income Does America’s 1 Percent Really Have?

 

[P@triot]

Yeah and they have 18-24% of income, and 33-42% of the wealth, you ignorant dupe.

Everything you post is an egregious lie born out of your greed. You're too lazy to earn for yourself but too greedy to do without.

The top 1% earns 19% of the income but pays 35% of federal taxes.

The Top 1 Percent Pay 35 Percent of Federal Income Taxes

 

[P@triot]

Yeah and they have 18-24% of income, and 33-42% of the wealth, you ignorant dupe.

Everything you post is an egregious lie born out of your greed. You're too lazy to earn for yourself but too greedy to do without.

Another study conducted in December 2014 found a similar gap between reality and perception in personal income taxes.

That year, the top 10% of American earners making $120,000 per year or more earned 41% of all income, but paid 68% of all income taxes.

Americans were fairly accurate when it came to who earns what: They guessed on average that the top 10% of Americans earned 41% of American money, when in fact they made 45% of American money.

But they were pretty far off when it came to guessing the proportion of the nation’s taxes they pay. They guessed the top 10% pays 38% of all taxes, and they were off by 30 points. The top 10% pays 68% of all U.S. taxes.

You are the ignorant that the article speaks about. Why is the group that earns 41% of the wealth paying 68% of all federal taxes? They should be paying 41% of all federal taxes.

New Data: Leftward Views on Taxes Often Fueled by Ignorance

 

[P@triot]

Yeah and they have 18-24% of income, and 33-42% of the wealth, you ignorant dupe.

Everything you post is an egregious lie born out of your greed. Tell me - when you take the left-wing propaganda courses, do they mandate a lying quota per day? Straight from the IRS:

The top 1% earned 19% of the income but paid 35% of federal taxes.

 

[francoHFW]

Yeah and they have 18-24% of income, and 33-42% of the wealth, you ignorant dupe.

Everything you post is an egregious lie born out of your greed. You're too lazy to earn for yourself but too greedy to do without.

The top 1% earns 19% of the income but pays 35% of federal taxes.

View attachment 126204

The Top 1 Percent Pay 35 Percent of Federal Income Taxes

And that's ALL the dupes are ever told lol-
We have basically a flat tax system if you count ALL taxes and fees, and all the new wealth ends up with the 1%. The only progressive tax is the fed income tax, and only barely. Thanks GOP and dupes.
The one tax graph you really need to know

 

[francoHFW]

Yeah and they have 18-24% of income, and 33-42% of the wealth, you ignorant dupe.

Everything you post is an egregious lie born out of your greed. You're too lazy to earn for yourself but too greedy to do without.

Another study conducted in December 2014 found a similar gap between reality and perception in personal income taxes.

That year, the top 10% of American earners making $120,000 per year or more earned 41% of all income, but paid 68% of all income taxes.

Americans were fairly accurate when it came to who earns what: They guessed on average that the top 10% of Americans earned 41% of American money, when in fact they made 45% of American money.

But they were pretty far off when it came to guessing the proportion of the nation’s taxes they pay. They guessed the top 10% pays 38% of all taxes, and they were off by 30 points. The top 10% pays 68% of all U.S. taxes.

You are the ignorant that the article speaks about. Why is the group that earns 41% of the wealth paying 68% of all federal taxes? They should be paying 41% of all federal taxes.

New Data: Leftward Views on Taxes Often Fueled by Ignorance

At the heart of the debate over "the 47 percent" is an awful abuse of tax data.

This entire conversation is the result of a (largely successful) effort to redefine the debate over taxes from "how much in taxes do you pay" to "how much in federal income taxes do you pay?" This is good framing if you want to cut taxes on the rich. It's bad framing if you want to have even a basic understanding of who pays how much in taxes.

There's a reason some would prefer that more limited conversation. For most Americans, payroll and state and local taxes make up the majority of their tax bill. The federal income tax, by contrast, is our most progressive tax -- it's the tax we've designed to place the heaviest burden on the rich while bypassing the poor. And we've done that, again, because the working class is already paying a fairly high tax bill through payroll and state and local taxes.

But most people don't know very much about the tax code. And the federal income tax is still our most famous tax. So when they hear that half of Americans aren't paying federal income taxes, they're outraged -- even if they're among the folks who have a net negative tax burden! After all, they know they're paying taxes, and there's no reason for normal human beings to assume that the taxes getting taken out of their paycheck every week and some of the taxes they pay at the end of the year aren't classified as "federal income taxes."

Confining the discussion to the federal income tax plays another role, too: It makes the tax code look much more progressive than it actually is.

Take someone who makes $4 million dollars a year and someone who makes $40,000 a year. The person making $4 million dollars, assuming he's not doing some Romney-esque planning, is paying a 35 percent tax on most of that money. The person making $40,000 is probably paying no income tax at all. So that makes the system look really unfair to the rich guy.

That's the basic analysis of the 47 percent line. And it's a basic analysis that serves a purpose: It makes further tax cuts for the rich sound more reasonable.

But what if we did the same thing for the payroll tax? Remember, the payroll tax only applies to first $110,100 or so, our rich friends is only paying payroll taxes on 2.7 percent of his income. The guy making $40,000? He's paying payroll taxes on every dollar of his income. Now who's not getting a fair shake?

Which is why, if you want to understand who's paying what in taxes, you don't want to just look at federal income taxes, or federal payroll taxes, or state sales taxes -- you want to look at total taxes. And, luckily, the tax analysis group Citizens for Tax Justice keeps those numbers. So here is total taxes -- which includes corporate taxes, income taxes, payroll taxes, state sales taxes, and more -- paid by different income groups and broken into federal and state and local burdens:

As you can see, the poorer you are, the more state and local taxes bite into your income. As you get richer, those taxes recede, and you're mainly getting hit be federal taxes. So that's another lesson: When you omit state and local taxes from your analysis, you're omitting the taxes that hit lower-income taxpayers hardest.

 

[francoHFW]

Yeah and they have 18-24% of income, and 33-42% of the wealth, you ignorant dupe.

Everything you post is an egregious lie born out of your greed. Tell me - when you take the left-wing propaganda courses, do they mandate a lying quota per day? Straight from the IRS:

The top 1% earned 19% of the income but paid 35% of federal taxes.

View attachment 126207

Federal INCOME taxes. And I'm retired and just worried about the health of the country. The rich don't pay enough and the middle class and the country are going to hell.

 

[P@triot]

We have basically a flat tax system if you count ALL taxes and fees, and all the new wealth ends up with the 1%.

We don't "basically" have a flat tax. That comment is a special kind of stupid that could only come from you. You're so easy for your left-wing masters to dupe. I just proved everything you said was 100% inaccurate. Go play with your toys while the adults talk now, ok?

 

[P@triot]

So when they hear that half of Americans aren't paying federal income taxes, they're outraged -- even if they're among the folks who have a net negative tax burden!

As well they should be outraged! Why should half of America get a free ride? Does that 49% not enjoy the freedom provided by defense from the military? Then why do they bear no burden for it? Does that 49% not enjoy the services of the Post Office? Then why do they bear no burden for it? Does that 49% not utilize the "infrastructure" the left-wing dillholes are always crowing about? Then why do they bear no burden for it?

 

[danielpalos]

• The top 1% of the wealthy earn 13% of all income but pay 39% of all income taxes (that is 3x's as much taxes as their share of the income: 13x3=39)

• The top 5% pay an astounding 64% of all income taxes

• The top 20% —the “rich”—already pay 94.1% of income taxes

• The bottom 60% pay on net less than zero income taxes, once the tax credits the government pays them are taken into account

Top 1% earns 13% of the wealth but pays 39% of the taxes

Top 5% paid 40% of taxes, what is their 'fair' share?

Top 20% Paid 94.1% of Income Taxes in 2009

Excerpt From: Wayne Allyn Root. “The Ultimate Obama Survival Guide.” Regnery Publishing, 2013-03-26. iBooks.
This material may be protected by copyright.

Check out this book on the iBooks Store: The Ultimate Obama Survival Guide by Wayne Allyn Root on iBooks

So what. Taxes are levied based on ability to pay. Capital gains preferences already exist; where is the Jobs Boom to show for it.

 

[francoHFW]

We have basically a flat tax system if you count ALL taxes and fees, and all the new wealth ends up with the 1%.

We don't "basically" have a flat tax. That comment is a special kind of stupid that could only come from you. You're so easy for your left-wing masters to dupe. I just proved everything you said was 100% inaccurate. Go play with your toys while the adults talk now, ok?

Al you can talk about is Federa income taxes, dupe. Well nowadays fed PAYROLL taxes are just as much in total as fed INCOME taxes, chump, and guess who pays them? Then state and local taxes go up every time fed aid to them goes down, like the last 30 years under your pander to the rich Reaganist/GOP taxes, and those KILL the NONRICH- like you and your friends and family. And public state colleges and training get hugely expensive DUHHHHH. And then infrastructure goes to hell, and Reagan and since kill unions. Guess what- See if you can spot what happened the last 35 years, dumbass.

The Demise of the American Middle Class In Numbers.

Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – http://www.whitehouse.gov/omb/blog/09/04/27/CongratulationstoEmmanuelSaez/
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release - Financial Accounts of the United States - Current Release
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

 

[P@triot]

As you can see, the poorer you are, the more state and local taxes bite into your income. As you get richer, those taxes recede, and you're mainly getting hit be federal taxes. So that's another lesson: When you omit state and local taxes from your analysis, you're omitting the taxes that hit lower-income taxpayers hardest.

Unfortunately you don't understand your own chart. Each state handles their own income tax rates. So why does this chart lump them all in together? Oh yeah... because left-wing states tax the ever loving shit out of their residents.

So as always - it's idiotic failed left-wing policy that's hurting the poor in those states. The wealthy get the hell out and move to low tax states (just as Glenn Beck did - from New York to Texas). The few that do stay employ all of the best tax attorneys, loop holes, shelters, etc. to bring their rates down. Of course, a flat-tax (at the state level in this case) would solve that but you've been too duped by your progressive maters to see the forest for the trees.