Top 20% of households pay vast majority of income taxes

[edward37]

Just think of the 47% of Americans that get a free ride without having to pay anything towards the trillion a year collected in income tax.

Funny thing is that most of them are the greedy little stupid Moon Bats that want the government to be even bigger than it is now so they can get more free shit.

Yeah flash those people are really living the high life 2 or 3 cruises a year vacation in Paris not on tar beach ,eating caviar and pressed duck What a life those moon bats have

Meanwhile farmers are getting 12 BILLION in WELFARE compliments of the guy who's buying their votes

 

[edward37]

If the top are paying too much in taxes, then the rest of the American Workers need a big raise in pay to help them.

Can you see Buffet on a street corner calling out ..brother could you spare 100?

 

[Harpy Eagle]

Just think of the 47% of Americans that get a free ride without having to pay anything towards the trillion a year collected in income tax.

Funny thing is that most of them are the greedy little stupid Moon Bats that want the government to be even bigger than it is now so they can get more free shit.

Yeah flash those people are really living the high life 2 or 3 cruises a year vacation in Paris not on tar beach ,eating caviar and pressed duck What a life those moon bats have

Meanwhile farmers are getting 12 BILLION in WELFARE compliments of the guy who's buying their votes

They get way more than that, the 12 billion was on top of the 20 plus they get each year to offset the damage from the stupid trade war.

Though many have not gotten the 2nd bribe as not all had finished their harvest and submitted the paperwork to the FSA before the shutdown.

Plus no USDA loans to buy seeds or feed or new equipment or even to make the payments on their other loans.

Plus no crop insurance payments till this is over.

The farmers will be the first to turn on Trump if this goes on much longer

 

[Tommy Tainant]

The 80% struggle to pay taxes because the 20% dont pay them decent wages.

 

[rightwinger]

Just think of the 47% of Americans that get a free ride without having to pay anything towards the trillion a year collected in income tax.

Funny thing is that most of them are the greedy little stupid Moon Bats that want the government to be even bigger than it is now so they can get more free shit.

Yeah flash those people are really living the high life 2 or 3 cruises a year vacation in Paris not on tar beach ,eating caviar and pressed duck What a life those moon bats have

Meanwhile farmers are getting 12 BILLION in WELFARE compliments of the guy who's buying their votes

And by farmers we don’t mean Ma and Pa scratching out an income on the family farm

Those subsidies go to corporate farmers

 

[Tommy Tainant]

I know that right wingers despise globalist elites.

So why do they come out to bat for them on threads like these ?

Baffled !

 

[Oddball]

The 80% struggle to pay taxes because the 20% dont pay them decent wages.

Many of the 20% are retirees, fool.

 

[Dont Taz Me Bro]

They are INCOME taxes

You pay more because you have a higher percentage of INCOME

Yes, just like when there's a tax cut the rich get most of the cut since they pay a higher percentage of INCOME.

True, but what you don't mention is that how income is defined is not always fair. The poor construction worker pays income tax on every dollar he makes. The wealthy bribe the pols to put nice "loopholes" in the tax code. Tiny Capital Gains tax rate, tax free bonds, tax shelters, offshore accounts, Swiss accounts, etc. Every dollar earned should pay the same tax bracket rate w/o loopholes.

Hence the reason I support a flat tax

 

[Dont Taz Me Bro]

I know that right wingers despise globalist elites.

So why do they come out to bat for them on threads like these ?

Baffled !

Because I don't believe in discriminating against people, particularly when it's done because of envy and jealousy.

 

[initforme]

You got more then pay more....I don't feel pity for them...

 

[Lesh]

The top 20% of households paid 88.1% of federal income taxes,

But then that small minority has most of the wealth of the nation so...

 

[Moonglow]

The top 20% of households paid 88.1% of federal income taxes, and 69.5% of total federal taxes in 2015, ATR notes, citing the most recent numbers provided by the Congressional Budget Office.

The top one percent (around 1.2 million households) paid 39.4% of federal income taxes and 26.2% of total federal taxes, at an average total tax rate of 33.3%, dropping its average income from $1.9 million to $1.2 million. Its total percent of income was 16.6% before taxes and 13.2% after taxes.

A few key numbers from the other four quintiles via the CBO's 2015 report:

• The fourth quintile was taxed at 17.9% federal income tax and saw its average income of $108,000 drop to $91,000. Its share of income was 20% before and after taxes.
• The middle quintile was taxed at 14% federal income tax and saw its average income drop from $71,000 to $65,000. Share of income: 13.6% before taxes, 14.7% after.
• The second quintile paid 9.2% federal income tax but saw its average income of $44,000 increase to $47,000 from means-tested transfers. Share of income: 8.7% before transfers and taxes, 11% after.
• The bottom quintile paid 1.5% federal income tax and saw its average income of $20,000 grow from transfers to $33,000. Share of income: $3.7 before transfers and taxes, 11% after.

So why are we thinking of taxing the rich even more? How about addressing:

-- Entitlements;
-- Illegal Immigration - each illegal costs us ~$77k per year;
-- Fraud in our welfare system ($1.1Trn welfare system)

My solutions would be:

-- Entitlement reform in terms of raising the retirement age and giving people under 30 the option to invest SS monies privately (exiting the Social program). Reform Medicare and Medicaid. Use vouchers perhaps.

-- Get rid of sanctuary cities and enforce deportations.

-- Hire more officers to enforce waste and fraud.

Thoughts....?

Here's a little 411 for you youngsters....SS retirement was just raised to 67 and full benefits at 70.... Enjoy working till you die..

 

[Moonglow]

It still isn't enough for the left because people are still getting wealthy and they won't be happy till government is controlling ALL of the money. Shame that most Dems are ignorant of how wealth is created. They only know how to wait till capitalism creates wealth so they can come along and confiscate it.

Here is their vision of the future. And their supporters are in the line on the right.

The govt. is controlling all the monies...Where have you been?

 

[Moonglow]

Just think of the 47% of Americans that get a free ride without having to pay anything towards the trillion a year collected in income tax.

Funny thing is that most of them are the greedy little stupid Moon Bats that want the government to be even bigger than it is now so they can get more free shit.

As usual you couldn't be more wrong but continue as usual we need the laughs.

 

[AzogtheDefiler]

The top 20% of households paid 88.1% of federal income taxes, and 69.5% of total federal taxes in 2015, ATR notes, citing the most recent numbers provided by the Congressional Budget Office.

The top one percent (around 1.2 million households) paid 39.4% of federal income taxes and 26.2% of total federal taxes, at an average total tax rate of 33.3%, dropping its average income from $1.9 million to $1.2 million. Its total percent of income was 16.6% before taxes and 13.2% after taxes.

A few key numbers from the other four quintiles via the CBO's 2015 report:

• The fourth quintile was taxed at 17.9% federal income tax and saw its average income of $108,000 drop to $91,000. Its share of income was 20% before and after taxes.
• The middle quintile was taxed at 14% federal income tax and saw its average income drop from $71,000 to $65,000. Share of income: 13.6% before taxes, 14.7% after.
• The second quintile paid 9.2% federal income tax but saw its average income of $44,000 increase to $47,000 from means-tested transfers. Share of income: 8.7% before transfers and taxes, 11% after.
• The bottom quintile paid 1.5% federal income tax and saw its average income of $20,000 grow from transfers to $33,000. Share of income: $3.7 before transfers and taxes, 11% after.

So why are we thinking of taxing the rich even more? How about addressing:

-- Entitlements;
-- Illegal Immigration - each illegal costs us ~$77k per year;
-- Fraud in our welfare system ($1.1Trn welfare system)

My solutions would be:

-- Entitlement reform in terms of raising the retirement age and giving people under 30 the option to invest SS monies privately (exiting the Social program). Reform Medicare and Medicaid. Use vouchers perhaps.

-- Get rid of sanctuary cities and enforce deportations.

-- Hire more officers to enforce waste and fraud.

Thoughts....?

Here's a little 411 for you youngsters....SS retirement was just raised to 67 and full benefits at 70.... Enjoy working till you die..

Should be 72

 

[AzogtheDefiler]

The top 20% of households paid 88.1% of federal income taxes,

But then that small minority has most of the wealth of the nation so...

So...they earned it. They didn’t steal it

 

[Moonglow]

The top 20% of households paid 88.1% of federal income taxes, and 69.5% of total federal taxes in 2015, ATR notes, citing the most recent numbers provided by the Congressional Budget Office.

The top one percent (around 1.2 million households) paid 39.4% of federal income taxes and 26.2% of total federal taxes, at an average total tax rate of 33.3%, dropping its average income from $1.9 million to $1.2 million. Its total percent of income was 16.6% before taxes and 13.2% after taxes.

A few key numbers from the other four quintiles via the CBO's 2015 report:

• The fourth quintile was taxed at 17.9% federal income tax and saw its average income of $108,000 drop to $91,000. Its share of income was 20% before and after taxes.
• The middle quintile was taxed at 14% federal income tax and saw its average income drop from $71,000 to $65,000. Share of income: 13.6% before taxes, 14.7% after.
• The second quintile paid 9.2% federal income tax but saw its average income of $44,000 increase to $47,000 from means-tested transfers. Share of income: 8.7% before transfers and taxes, 11% after.
• The bottom quintile paid 1.5% federal income tax and saw its average income of $20,000 grow from transfers to $33,000. Share of income: $3.7 before transfers and taxes, 11% after.

So why are we thinking of taxing the rich even more? How about addressing:

-- Entitlements;
-- Illegal Immigration - each illegal costs us ~$77k per year;
-- Fraud in our welfare system ($1.1Trn welfare system)

My solutions would be:

-- Entitlement reform in terms of raising the retirement age and giving people under 30 the option to invest SS monies privately (exiting the Social program). Reform Medicare and Medicaid. Use vouchers perhaps.

-- Get rid of sanctuary cities and enforce deportations.

-- Hire more officers to enforce waste and fraud.

Thoughts....?

Here's a little 411 for you youngsters....SS retirement was just raised to 67 and full benefits at 70.... Enjoy working till you die..

Should be 72

Just make it eighty.

 

[Moonglow]

The top 20% of households paid 88.1% of federal income taxes,

But then that small minority has most of the wealth of the nation so...

So...they earned it. They didn’t steal it

Not always true but you brown nose them nonetheless..

 

[AzogtheDefiler]

The top 20% of households paid 88.1% of federal income taxes, and 69.5% of total federal taxes in 2015, ATR notes, citing the most recent numbers provided by the Congressional Budget Office.

The top one percent (around 1.2 million households) paid 39.4% of federal income taxes and 26.2% of total federal taxes, at an average total tax rate of 33.3%, dropping its average income from $1.9 million to $1.2 million. Its total percent of income was 16.6% before taxes and 13.2% after taxes.

A few key numbers from the other four quintiles via the CBO's 2015 report:

• The fourth quintile was taxed at 17.9% federal income tax and saw its average income of $108,000 drop to $91,000. Its share of income was 20% before and after taxes.
• The middle quintile was taxed at 14% federal income tax and saw its average income drop from $71,000 to $65,000. Share of income: 13.6% before taxes, 14.7% after.
• The second quintile paid 9.2% federal income tax but saw its average income of $44,000 increase to $47,000 from means-tested transfers. Share of income: 8.7% before transfers and taxes, 11% after.
• The bottom quintile paid 1.5% federal income tax and saw its average income of $20,000 grow from transfers to $33,000. Share of income: $3.7 before transfers and taxes, 11% after.

So why are we thinking of taxing the rich even more? How about addressing:

-- Entitlements;
-- Illegal Immigration - each illegal costs us ~$77k per year;
-- Fraud in our welfare system ($1.1Trn welfare system)

My solutions would be:

-- Entitlement reform in terms of raising the retirement age and giving people under 30 the option to invest SS monies privately (exiting the Social program). Reform Medicare and Medicaid. Use vouchers perhaps.

-- Get rid of sanctuary cities and enforce deportations.

-- Hire more officers to enforce waste and fraud.

Thoughts....?

Here's a little 411 for you youngsters....SS retirement was just raised to 67 and full benefits at 70.... Enjoy working till you die..

Should be 72

Just make it eighty.

People are living longer now. 72 is fair

 

[AzogtheDefiler]

The top 20% of households paid 88.1% of federal income taxes,

But then that small minority has most of the wealth of the nation so...

So...they earned it. They didn’t steal it

Not always true but you brown nose them nonetheless..

Did Bezos and Gates steal? Who stole? Do tell