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Bok_Choi 08/10/17 1:16:19 PM #1: |
So that 2% of America is paying for MORE than 80% of our taxes?
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Squall28 08/10/17 1:17:34 PM #2: |
Need sources
--- If you're going through hell, keep going. -Winston Churchill ... Copied to Clipboard!
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Oldenform 08/10/17 1:17:59 PM #3: |
the rich need to pay more of the fair share!!!
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Fam_Fam 08/10/17 1:18:08 PM #4: |
Source: someone working for rich guys
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Darkman124 08/10/17 1:21:19 PM #5: |
old as fuck and wrong
--- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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luigi13579 08/10/17 1:23:38 PM #6: |
If they think they're paying too much, they can give some money to poor people to enable them to pay more. Didn't think so, huh?
trollface.jpg On a more serious note though, the poor (and middle earners) can't pay what they don't have. If earnings weren't so skewed, maybe the taxes wouldn't be either. I'm just a filthy commie though. :P ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:24:16 PM #7: |
80% is definitely an exaggerated number but look at this
https://taxfoundation.org/summary-latest-federal-income-tax-data-2016-update/ The Internal Revenue Service has recently released new data on individual income taxes for calendar year 2014, showing the number of taxpayers, adjusted gross income, and income tax shares by income percentiles.[1] The data demonstrates that the U.S. individual income tax continues to be very progressive, borne mainly by the highest income earners. In 2014, 139.6 million taxpayers reported earning $9.71 trillion in adjusted gross income and paid $1.37 trillion in individual income taxes. The share of income earned by the top 1 percent of taxpayers rose to 20.6 percent in 2014. Their share of federal individual income taxes also rose, to 39.5 percent. In 2014, the top 50 percent of all taxpayers paid 97.3 percent of all individual income taxes while the bottom 50 percent paid the remaining 2.7 percent. The top 1 percent paid a greater share of individual income taxes (39.5 percent) than the bottom 90 percent combined (29.1 percent). The top 1 percent of taxpayers paid a 27.1 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.5 percent). --- ... Copied to Clipboard!
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BLAKUboy 08/10/17 1:24:27 PM #8: |
Fam_Fam posted...
Source: someone working for rich guys --- Aeris dies if she takes more damage than her current HP - Panthera http://signavatar.com/26999_s.png ... Copied to Clipboard!
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Darkman124 08/10/17 1:24:48 PM #9: |
Bok_Choi posted...
individual income taxes. do you think this is the only form of tax --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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ZombiePelican 08/10/17 1:27:06 PM #10: |
Is this a joke? Most wealthy Americans pay almost nothing in taxes
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Bok_Choi 08/10/17 1:27:33 PM #11: |
Darkman124 posted...
Bok_Choi posted...individual income taxes. So you're saying that we need to tax corporations too, at a higher rate? I mean I'd agree. But All told, individual income taxes accounted for a little less than half (47.4%) of government revenue, a share that’s been roughly constant since World War II. The federal government collected $1.54 trillion from individual income taxes in fiscal 2015, making it the national government’s single-biggest revenue source. So it's pretty clear the individual income tax is really important http://www.pewresearch.org/fact-tank/2016/04/13/high-income-americans-pay-most-income-taxes-but-enough-to-be-fair/ --- ... Copied to Clipboard!
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Balrog0 08/10/17 1:28:40 PM #12: |
Bok_Choi posted...
Darkman124 posted...Bok_Choi posted...individual income taxes. yeah but the second highest tax is the payroll tax which is much more regressive than the income tax --- He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor. ... Copied to Clipboard!
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Oldenform 08/10/17 1:28:55 PM #13: |
ZombiePelican posted...
Is this a joke? Most wealthy Americans pay almost nothing in taxes the wealthy pay most of the taxes tho ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:29:44 PM #14: |
ZombiePelican posted...
Is this a joke? Most wealthy Americans pay almost nothing in taxes perhaps relative to the amount of money they make 8% of 1 million is still 80K You got 80K laying around? And think of the other revenue that's being supported by rich people: sales taxes, employment taxes I mean the richest guys can get the best loopholes but that doesn't mean they literally pay no taxes --- ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:30:18 PM #15: |
Fucking PROPERTY taxes
Poor people don't own property --- ... Copied to Clipboard!
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emblem boy 08/10/17 1:30:18 PM #16: |
If it were to be more skewed, how much more would the bottom 98% have to pay?
--- Posted with GameRaven 3.2.1 ... Copied to Clipboard!
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darkjedilink 08/10/17 1:30:34 PM #17: |
luigi13579 posted...
If they think they're paying too much, they can give some money to poor people to enable them to pay more. Didn't think so, huh? If people were worth more pay, earnings wouldn't be skewed. And you are, since you clearly think rich people don't deserve what they've earned. --- 'It's okay that those gangbangers stole all my personal belongings and cash at gunpoint, cuz they're building a rec center!' - OneTimeBen ... Copied to Clipboard!
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Darkman124 08/10/17 1:30:35 PM #18: |
Balrog0 posted...
yeah but the second highest tax is the payroll tax which is much more regressive than the income tax and the third highest is typically state income tax which is usually very close to flat bok you're out of your element --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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OpheliaAdenade 08/10/17 1:30:51 PM #19: |
Bok_Choi posted...
Fucking PROPERTY taxes they own mobile homes, which can't be taxed because they're constantly in motion. --- ... Copied to Clipboard!
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tremain07 08/10/17 1:32:17 PM #20: |
emblem boy posted...
If it were to be more skewed, how much more would the bottom 98% have to pay? That's a good question, if they had to pay 98 percent more while the 2 percent only pay 2 percent wouldn't that be more fair? --- I got nothing ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:32:35 PM #21: |
Balrog0 posted...
yeah but the second highest tax is the payroll tax which is much more regressive than the income tax Keep reading: Still, that analysis confirms that, after all federal taxes are factored in, the U.S. tax system as a whole is progressive. The top 0.1% of families pay the equivalent of 39.2% and the bottom 20% have negative tax rates (that is, they get more money back from the government in the form of refundable tax credits than they pay in taxes). If you just do your fucking taxes with some common sense, you can get your overpaid taxes back from the government. Sure, that's not as good as say, not withholding so much in the first place and applying it to all incomes (idk how viable this is i'm not an economist) but at least there's a failsafe in place for the poor to get some of their taxes back --- ... Copied to Clipboard!
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Darkman124 08/10/17 1:33:07 PM #22: |
Bok_Choi posted...
If you just do your f***ing taxes with some common sense, you can get your overpaid taxes back from the government. Sure, that's not as good as say, not withholding so much in the first place and applying it to all incomes (idk how viable this is i'm not an economist) but at least there's a failsafe in place for the poor to get some of their taxes back bok that is still relating EXCLUSIVELY to federal income tax --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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Balrog0 08/10/17 1:33:25 PM #23: |
I didn't say our federal taxes weren't progressive overall, though...
--- He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor. ... Copied to Clipboard!
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Twinmold 08/10/17 1:33:44 PM #24: |
Seems fair considering the 1% owns more than 20% of the wealth in this country. Maybe if we stopped letting rich people decide what to tax themselves and pay others, you might see some real change in this country. It's like expecting cops to investigate themselves fairly.
--- Get your facts first, then you can distort them as you please. - Mark Twain ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:33:53 PM #25: |
Darkman124 posted...
bok you're out of your element I'm honestly just trying to learn here I don't know anything about this kind of stuff so if you want to enlighten me let me know stuff No matter what I'm reading, it seems like rich people are either directly paying the most taxes or are contributing more to tax revenue in general --- ... Copied to Clipboard!
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Darkman124 08/10/17 1:34:01 PM #26: |
here is data on full tax bills paid by people:
http://www.businessinsider.com/no-the-rich-do-not-pay-all-the-taxes-2013-12 notice how non-federal income tax bills take over at the lower end of the spectrum --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:34:25 PM #27: |
Darkman124 posted...
bok that is still relating EXCLUSIVELY to federal income tax sorry i live in a state with no state income tax so idk how that factors in --- ... Copied to Clipboard!
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Darkman124 08/10/17 1:34:52 PM #28: |
Bok_Choi posted...
sorry i live in a state with no state income tax so idk how that factors in the answer is "A LOT" in your state it's sales tax instead which is typically even more regressive --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:36:15 PM #29: |
so what you're saying is
what's likely happening is the top like 5% IS probably paying for most of the federal taxes and accounting for a lot of the revenue but when it comes to state income tax everybody is still paying pretty much the same thing? which still equals out to the rich paying more, but it's perhaps not proportionate? --- ... Copied to Clipboard!
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Darkman124 08/10/17 1:36:58 PM #30: |
yes, and the lower classes actually pay much more of the social security and medicare taxes since those cap around 105k and everyone pays a flat rate below that
--- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:37:39 PM #31: |
so your answer to the OP would be "yes, the ratio should be skewed further against the top 2 percentile'
ignoring the sorta erroneous claim --- ... Copied to Clipboard!
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I Like Toast 08/10/17 1:38:12 PM #32: |
ZombiePelican posted...
Is this a joke? Most wealthy Americans pay almost nothing in taxes Hodor --- If you do things right, people won't be sure you've done anything at all ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:39:03 PM #33: |
Darkman124 posted...
and the lower classes actually pay much more of the social security and medicare taxes because lower classes are the ones who typically have hourly wage jobs that make less than 6 figures a year that would be taxed like this? --- ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:39:55 PM #34: |
man im glad this didn't just end up being a dumb troll topic of mine and i actually got something out of it
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Darkman124 08/10/17 1:40:33 PM #35: |
Bok_Choi posted...
because lower classes are the ones who typically have hourly wage jobs that make less than 6 figures a year that would be taxed like this? right basically there is a hard cap to what the richest 1% of the population could contribute to this tax since income above ~105k isn't taxed further --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:41:30 PM #36: |
well that's not fair at all, though i guess once you get above 6 figures everything changes because of the way you're using money and its all tied up in assets and whatever
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That_Happened 08/10/17 1:42:05 PM #37: |
Bok_Choi posted...
2% of America pays for 80% its taxes Bok_Choi posted... 80% is definitely an exaggerated number but Bok_Choi posted... common sense, Bok_Choi posted... sorry i live in a state with no state income tax so idk how that factors in --- ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:42:46 PM #38: |
That_Happened posted...
Bok_Choi posted...2% of America pays for 80% its taxes well i mean i started out with malicious intent but then darkman showed up and i'm like omg i like this guy i can learn from him --- ... Copied to Clipboard!
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Darkman124 08/10/17 1:43:51 PM #39: |
the reason it's capped is medicare/ss is not seen as a welfare program but rather an investment into what is (functionally) an annuity, and the benefits are also capped
--- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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OpheliaAdenade 08/10/17 1:44:57 PM #40: |
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Veggeta_MAX 08/10/17 1:45:12 PM #41: |
Hey TC are you still easily offended and still take CE seriously?
--- I'm Veggeta X's alt FFBE ID: 196 912 851 900+ ATK Orlandu ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:47:03 PM #42: |
OpheliaAdenade posted...
Can you cross the street on your own TC? hE dOSnt KnOw eVRythHINg aboUT TAXES holy shit what a moron am i hurr durr --- ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:47:27 PM #43: |
Veggeta_MAX posted...
Hey TC are you still easily offended and still take CE seriously? coming from mr "why are cemen so hostile to me" this is rich --- ... Copied to Clipboard!
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Balrog0 08/10/17 1:52:35 PM #44: |
Darkman124 posted...
the reason it's capped is medicare/ss is not seen as a welfare program but rather an investment into what is (functionally) an annuity, and the benefits are also capped SS is capped but Medicare isn't afaik (with respect to benefits) Medicare is a shitty program that doesn't offer very good coverage, even though people love it, though. --- He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor. ... Copied to Clipboard!
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Bok_Choi 08/10/17 1:54:37 PM #45: |
im glad sometimes you can have reasonable discussion after everyone drops the silly trolling act (me)
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Veggeta_MAX 08/10/17 2:27:29 PM #46: |
Bok_Choi posted...
Veggeta_MAX posted...Hey TC are you still easily offended and still take CE seriously? Some are, though. You're one of them. But please answer my question. --- I'm Veggeta X's alt FFBE ID: 196 912 851 900+ ATK Orlandu ... Copied to Clipboard!
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Veggeta_MAX 08/10/17 2:28:11 PM #47: |
But TC I am on your side. I made a topic about why people always needing source.
--- I'm Veggeta X's alt FFBE ID: 196 912 851 900+ ATK Orlandu ... Copied to Clipboard!
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