What's the reason the GOP gives for needing tax cuts for billionaires and corporations?

[Aries]

Look at like this:

A fictional town with 100 people. Is it better for one person to make 90% of that money or all 100 of them to make a roughly equal share. More people with equal income will mean more people can buy more.

The United States is not your fictional town and there is no encapsulated money. The liberal philosophy is that the US is a bubble. Within this bubble, there is only so much money. That means when one in this bubble has too much, that's the reason the rest in the bubble have too little.

Money is endless in this country. There is no finite amount. You can make as much as you want or as little as you want, and it doesn't matter how much money the rich have.

Until I apply for a bank loan, and they tell me they would love to give me one, but the rich have all the money, then this liberal philosophy is totally flawed. Or if I ask my employer for a raise, and he tells me he would love to give me one, but the rich have all the money.

This has never happened and never will.

Lol

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

 

[Ray From Cleveland]

Corporations are people.

Walmart is a corporation that employs nearly 1.5million people in the USA.

It takes a special kind of dipshit to think that lowering the corporate tax rate will somehow hurt the “middle class” and “children” like Pelosi and Schumer would have one believe.

So giving the owners more money will help the workers, uh, how?

Nobody is "giving" the owners anything.

 

[Ray From Cleveland]

Look at like this:

A fictional town with 100 people. Is it better for one person to make 90% of that money or all 100 of them to make a roughly equal share. More people with equal income will mean more people can buy more.

The United States is not your fictional town and there is no encapsulated money. The liberal philosophy is that the US is a bubble. Within this bubble, there is only so much money. That means when one in this bubble has too much, that's the reason the rest in the bubble have too little.

Money is endless in this country. There is no finite amount. You can make as much as you want or as little as you want, and it doesn't matter how much money the rich have.

Until I apply for a bank loan, and they tell me they would love to give me one, but the rich have all the money, then this liberal philosophy is totally flawed. Or if I ask my employer for a raise, and he tells me he would love to give me one, but the rich have all the money.

This has never happened and never will.

Lol

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

 

[whitehall]

Thanks to left wing propaganda in the liberal media that never saw a democrat they didn't like we tend to forget the fact that the Hillary criminal enterprise accepted about 250k for a couple of minute speeches to Wall Street bankers. When you logically ask why Wall Street bankers would be so generous that they would offer a relatively inexperienced person in the banking industry a crazy fee for a 15 minute speech you have to do the freaking math. Wall Street bankers weren't paying for information, they were paying for influence but they guessed wrong. If you extend the logic it seems that Wall Street didn't think much of republican values. If you extend the logic a little further it seems that the myth of republican billionaire wealth is exactly 180 degrees off center. Democrat H'wood sexual abusive wealth and corporate banking scams directed at democrats is the fact of life that Americans have to contend with.

 

[ColonelAngus]

The United States is not your fictional town and there is no encapsulated money. The liberal philosophy is that the US is a bubble. Within this bubble, there is only so much money. That means when one in this bubble has too much, that's the reason the rest in the bubble have too little.

Money is endless in this country. There is no finite amount. You can make as much as you want or as little as you want, and it doesn't matter how much money the rich have.

Until I apply for a bank loan, and they tell me they would love to give me one, but the rich have all the money, then this liberal philosophy is totally flawed. Or if I ask my employer for a raise, and he tells me he would love to give me one, but the rich have all the money.

This has never happened and never will.

Lol

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Only liberals are allowed to be wealthy...though we don’t know who the “wealthy” are,nor do we know what their “fair share” of taxes is.

It’s nothing more than bumper sticker mantra from the left.

 

[Aries]

The United States is not your fictional town and there is no encapsulated money. The liberal philosophy is that the US is a bubble. Within this bubble, there is only so much money. That means when one in this bubble has too much, that's the reason the rest in the bubble have too little.

Money is endless in this country. There is no finite amount. You can make as much as you want or as little as you want, and it doesn't matter how much money the rich have.

Until I apply for a bank loan, and they tell me they would love to give me one, but the rich have all the money, then this liberal philosophy is totally flawed. Or if I ask my employer for a raise, and he tells me he would love to give me one, but the rich have all the money.

This has never happened and never will.

Lol

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Go down to your local department of social services. Sit there and count how many people come in for benefits with a Dunkin’ Donuts uniform on, McDonald’s uniform, Walmart uniform. They all work for companies owned by billionaires that use tax breaks to line their pockets while refusing to pay their workers a living wage. They are keeping all the profits and because of that there is no more to pay workers a decent rate.

 

[Ray From Cleveland]

Lol

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Only liberals are allowed to be wealthy...though we don’t know who the “wealthy” are,nor do we know what their “fair share” of taxes is.

It’s nothing more than bumper sticker mantra from the left.

That's why liberals never bitch about an actress making 10 million for a movie, or actors in a popular sitcom making over 1 million dollars an episode. 1 million dollars for ten minutes work each week plus royalties on reruns. Or they will go to a football or baseball game, pay to watch this field of multi-millionaires, and pay ten bucks for a 80 cent beer. They're okay with that, but don't tell them that some CEO makes five million dollars for an entire year of work.

 

[Blake Allyn]

Thanks to left wing propaganda in the liberal media that never saw a democrat they didn't like we tend to forget the fact that the Hillary criminal enterprise accepted about 250k for a couple of minute speeches to Wall Street bankers. When you logically ask why Wall Street bankers would be so generous that they would offer a relatively inexperienced person in the banking industry a crazy fee for a 15 minute speech you have to do the freaking math. Wall Street bankers weren't paying for information, they were paying for influence but they guessed wrong. If you extend the logic it seems that Wall Street didn't think much of republican values. If you extend the logic a little further it seems that the myth of republican billionaire wealth is exactly 180 degrees off center. Democrat H'wood sexual abusive wealth and corporate banking scams directed at democrats is the fact of life that Americans have to contend with.

Absolutey correct. Dems and repubs take money from big buisness and do favors in return. Wall street also donates to the right.

 

[Blake Allyn]

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Only liberals are allowed to be wealthy...though we don’t know who the “wealthy” are,nor do we know what their “fair share” of taxes is.

It’s nothing more than bumper sticker mantra from the left.

That's why liberals never bitch about an actress making 10 million for a movie, or actors in a popular sitcom making over 1 million dollars an episode. 1 million dollars for ten minutes work each week plus royalties on reruns. Or they will go to a football or baseball game, pay to watch this field of multi-millionaires, and pay ten bucks for a 80 cent beer. They're okay with that, but don't tell them that some CEO makes five million dollars for an entire year of work.

You are correct. Its moronic the people you mentioned make that much money. I agree.

 

[Blake Allyn]

Lol

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Only liberals are allowed to be wealthy...though we don’t know who the “wealthy” are,nor do we know what their “fair share” of taxes is.

It’s nothing more than bumper sticker mantra from the left.

My criticism extends to both.

democrats pretend to care about the middle class and fuck them just as hard as the right.

 

[Ray From Cleveland]

Lol

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Go down to your local department of social services. Sit there and count how many people come in for benefits with a Dunkin’ Donuts uniform on, McDonald’s uniform, Walmart uniform. They all work for companies owned by billionaires that use take breaks to line their pockets while refusing to pay their workers a living wage. They are keeping all the profits and because that there is no more to pay workers a decent rate.

No, what they do is pay workers for their value of work. Nobody opens up a business to provide living wage jobs with great benefits. People open up companies to produce a product or service for a profit. That's the end of their responsibilities.

Why don't you open up your own doughnut shop and compete against Dunkin Doughnuts and pay your workers much more? Why don't you open up your own hamburger place and pay your workers more than McDonald's?

 

[BrokeLoser]

Ever gotten a job from a poor person? Ever been offered a job from a homeless person?


On a serious note, though, IMO a Flat / Fair Tax is the way to go. Everyone pays their fair, equal share. Libs don't get to unfairly tax the rich MORE simply because they have more, and everyone pays. Huge corporations and million/billionaires pay an equal percentage.

ANother moronic statement from an absolute moron.

Currently, the middle class pay far, far, far higher tax rates then the rich, who stash profits overseas and pay virtually nothing.

Huge corps and millionaires pay jack shit right now. Further, if you want to grow the economy you give money to the poor and middle class who will spend it. The wealthy dont.

The tax plan is simply a resdistribution of wealth from the middle class to the rich. Eventually, they will cut social programs to pay for the increased debt.

The rich fund campaigns and pay for lobbyists and in return get legislation passed their way. The middle class are divided by getting them to focus on moronic issues like national anthems while the rich rob them blind.

Any other evaluation is idiotic.

You sir, not named "Blake Allyn" and probably named Alejandro Fernandez are an absolute fool.
The "rich" pay your way and the way for all your filthy bottom feeding Peruvian buddies.

45% of Americans pay no federal income tax
45% of Americans pay no federal income tax
On average, those in the bottom 40% of the income spectrum end up getting money from the government. Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax collected by Uncle Sam.

Read: Compared to most countries, we’re undertaxed — honest

Rich people pay nearly 87% of all federal individual income tax in America

Income level Share of total federal
individual income tax paid Average income tax bill
per person
Lowest 20% -2.2% -$643
Second lowest 20% -1.7% -$621
Middle income 4.2% $1,743
Second richest 20% 12.9% $6,285
Richest 20% 86.8% $50,176
Source: Tax Policy Center

The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it.

When it comes to all federal taxes — individual income, payroll, excise, corporate income and estate taxes — the distributions of who pays what is more spread out. This is partially because nearly everyone pays excise taxes, which includes taxes on gasoline, alcohol and cigarettes.

Rich people pay 69% of all federal taxes in America

Income level Share of total federal taxes paid
Lowest 20% 0.8%
Second lowest 20% 3.4%
Middle income 9.2%
Second richest 20% 17.5%
Richest 20% 69%


What is My Tax Bracket?
Updated for Tax Year 2017

OVERVIEW

The term "tax bracket" refers to the highest tax rate charged on your income. Under the federal income tax system, different rates apply to different portions of your income. So people in, say, the 25 percent tax bracket don't actually pay 25 percent of their income in taxes; rather, the last dollar they earn is taxed at 25 percent.

Progressive system, marginal rates
The federal income tax is progressive, meaning that tax rates increase as your taxable income goes up. As of publication, for example, income was taxed at seven rates: 10 percent, 15 percent, 25 percent, 28 percent, 33 percent, 35 percent and 39.6 percent. These are marginal rates, meaning that each rate applies only to a specific slice of income rather than to your total income. The rate that applies to the top slice of your income is your tax bracket.

A simplified example of brackets
For a simple example of how progressive taxation works, say the government has three marginal rates, set up like this:

• 10 percent: $0 to $20,000
• 20 percent: $20,001 to $50,000
• 30 percent: $50,001 and above

Now say your taxable income is $75,000, which puts you in the 30 percent bracket. The first $20,000 of that would be taxed at 10 percent, or $2,000. The next $30,000 would be taxed at 20 percent, or $6,000. The final $25,000 of your income is taxed at 30 percent, or $7,500. Your total tax: $15,500. Even though you're in the 30 percent bracket, you actually pay only about 20.7 percent of your income in taxes.

Taxable income is what matters
Tax brackets apply only to your taxable income—that is, your total income minus all your adjustments, exemptions and deductions. For example, a married couple with two dependent children could reduce their taxable income by $29,800 in 2017 just by taking the personal exemptions and standard deduction to which all taxpayers are entitled, as of publication. This alone might be enough to drop the family into a lower tax bracket.

Adjusting tax bracket parameters
Congress decides how many tax brackets there are and what the rates will be for each bracket. It's the Internal Revenue Service's job to adjust income thresholds to keep pace with inflation. For example, in the 2017 tax year, for a married couple filing a joint return, the 10 percent bracket applied to the first $18,650 in taxable income. The 15 percent bracket went up to $75,900. The 25 percent bracket went up to $153,100, and so on. The top rate, 39.6 percent, applied when taxable income topped $470,7000. For single taxpayers, the thresholds were lower. The IRS announces the tax brackets for each year before that year begins.

Hey member of the country of corporate ville....not sure what you are trying to prove here?


I know you only support the ultra wealthy and confederacy, but what are you trying to say boy?

Which part about what I posted has you all twisted and confused Eduardo?
Lets recap...you spoke from your anus and said:
"Currently, the middle class pay far, far, far higher tax rates then the rich, who stash profits overseas and pay virtually nothing."

I showed you you have your head deep in your ass. What else can I teach you beaner?

Listen Corporal, they pay more of a share out of their salaries was my point, obviously the rich pay more in absolute terms because they make a shit ton more money.

When 1% of the country owns all of it of course they will pay more in absolute terms.

The point is a middle class worker making 75k a year is pay a third of their salary to uncle Sam. Mark Zuckleberg had 350 million dollar tax return a few years back,

Here are some facts for you:

• The richest 1% of Americans own 35% of the nation’s wealth. The bottom 80% own just 11% of the nation’s wealth.
• In the 1950s and 1960s, when the economy was booming, the wealthiest Americans paid a top income tax rate of 91%. Today, the top rate is 43.4%.
• The richest 1% pay an effective federal income tax rate of 24.7% in 2014; someone making an average of $75,000 is paying a 19.7% rate.
• The average federal income tax rate of the richest 400 Americans was just 20 percentin 2009.
• Taxing investment income at a much lower rate than salaries and wages are taxed loses $1.3 trillion over 10 years.
• 1,470 households reported income of more than $1 million in 2009 but paid zero federal income taxes on it.
• CEOs of major corporations earn nearly 300 times more than an average worker.
• 30 percent of income inequality is due to unfair taxes and budget cuts to services and benefits.
• The largest contributor to increasing income inequality has been changes in income from capital gains and dividends.

Now I know you are merely a patriot for the ultra wealthy. So you like this stuff!!

I'm actually "a Patriot" for any hard working REAL American that doesn't sit around playing the victim, bitching and complaining about what others have and what they don't have.
You live within a free enterprise, a capitalist system, equal opportunity and wealth is there for all who have the desire, discipline and ambition to seek it.
There are many societies around the globe that offer that "level playing field" that yourself and most complacent underachievers are looking for....go check one out and report back...would you?

 

[Aries]

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Only liberals are allowed to be wealthy...though we don’t know who the “wealthy” are,nor do we know what their “fair share” of taxes is.

It’s nothing more than bumper sticker mantra from the left.

My criticism extends to both.

democrats pretend to care about the middle class and fuck them just as hard as the right.

No one fucks the middle class like the GOP. No one.

 

[Ray From Cleveland]

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Only liberals are allowed to be wealthy...though we don’t know who the “wealthy” are,nor do we know what their “fair share” of taxes is.

It’s nothing more than bumper sticker mantra from the left.

That's why liberals never bitch about an actress making 10 million for a movie, or actors in a popular sitcom making over 1 million dollars an episode. 1 million dollars for ten minutes work each week plus royalties on reruns. Or they will go to a football or baseball game, pay to watch this field of multi-millionaires, and pay ten bucks for a 80 cent beer. They're okay with that, but don't tell them that some CEO makes five million dollars for an entire year of work.

You are correct. Its moronic the people you mentioned make that much money. I agree.

The point was actually about the hypocrisy of the left.

 

[Blake Allyn]

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Go down to your local department of social services. Sit there and count how many people come in for benefits with a Dunkin’ Donuts uniform on, McDonald’s uniform, Walmart uniform. They all work for companies owned by billionaires that use take breaks to line their pockets while refusing to pay their workers a living wage. They are keeping all the profits and because that there is no more to pay workers a decent rate.

No, what they do is pay workers for their value of work. Nobody opens up a business to provide living wage jobs with great benefits. People open up companies to produce a product or service for a profit. That's the end of their responsibilities.

Why don't you open up your own doughnut shop and compete against Dunkin Doughnuts and pay your workers much more? Why don't you open up your own hamburger place and pay your workers more than McDonald's?

I have no enthusiasm for food service. But to reply, you cant pay your workers healthy because you will loose the competion. Hence the importance of dramatically raising the minimum wage.

You really hate America man. Seem to serve wealth only.

BTW, virtually all companies you mention survive because of government corporate welfare.

 

[Ray From Cleveland]

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Only liberals are allowed to be wealthy...though we don’t know who the “wealthy” are,nor do we know what their “fair share” of taxes is.

It’s nothing more than bumper sticker mantra from the left.

My criticism extends to both.

democrats pretend to care about the middle class and fuck them just as hard as the right.

No one fucks the middle class like the GOP. No one.

Name the last time the GOP fucked the middle-class. I can name you several times the DumBama administration has during his 8 years.

 

[Blake Allyn]

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Only liberals are allowed to be wealthy...though we don’t know who the “wealthy” are,nor do we know what their “fair share” of taxes is.

It’s nothing more than bumper sticker mantra from the left.

That's why liberals never bitch about an actress making 10 million for a movie, or actors in a popular sitcom making over 1 million dollars an episode. 1 million dollars for ten minutes work each week plus royalties on reruns. Or they will go to a football or baseball game, pay to watch this field of multi-millionaires, and pay ten bucks for a 80 cent beer. They're okay with that, but don't tell them that some CEO makes five million dollars for an entire year of work.

You are correct. Its moronic the people you mentioned make that much money. I agree.

The point was actually about the hypocrisy of the left.

I got your point. But I dont play the left right game. I am equally critical across the board, making your comment pointless to me and in now way a refutation of my point. You just play the partisan game which is ignorant.

 

[Aries]

You hear that? The money’s endless. It grows on trees!

It's not? Then show me one situation......any situation where somebody was denied money because there wasn't enough to go around because the rich have it all.

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Only liberals are allowed to be wealthy...though we don’t know who the “wealthy” are,nor do we know what their “fair share” of taxes is.

It’s nothing more than bumper sticker mantra from the left.

That's why liberals never bitch about an actress making 10 million for a movie, or actors in a popular sitcom making over 1 million dollars an episode. 1 million dollars for ten minutes work each week plus royalties on reruns. Or they will go to a football or baseball game, pay to watch this field of multi-millionaires, and pay ten bucks for a 80 cent beer. They're okay with that, but don't tell them that some CEO makes five million dollars for an entire year of work.

I bitch about that all the time. I think it’s obscene what movie stars and professional athletes make. Especially in comparison to our soldiers, police force, fire fighters etc.

 

[Avatar4321]

Economic growth.

Not really difficult to understand if you have a passing understanding of basic economics

 

[Blake Allyn]

It’s not dear. It’s not.
Money supply - total amount of monetary assets available in an economy at a specific time.
Money is not continually printed and circulated constantly. There’s a set amount.

Fine, then again, show me what this amount is. Show me any situation where people had no access to money because of what other people had.

Only liberals are allowed to be wealthy...though we don’t know who the “wealthy” are,nor do we know what their “fair share” of taxes is.

It’s nothing more than bumper sticker mantra from the left.

My criticism extends to both.

democrats pretend to care about the middle class and fuck them just as hard as the right.

No one fucks the middle class like the GOP. No one.

Name the last time the GOP fucked the middle-class. I can name you several times the DumBama administration has during his 8 years.

The last time they cut taxes(Bush). They are about to fuck the middle class again with these new tax cuts. Refusing to expand Medicaid coverage, would be another example. The war in Iraq(bi-partisan however).

Helping to deregulate wall street and then voting to bail them out(bi-partisan as well).

Fighting against single payer healthcare(bi-partisan). I can go on and on and on.

Biggest of all of course is there refusal to acknowledge climate change exists but in fairness that harms every human on earth not just the Middle Class.