Current Events > US billionaires paid lower tax rate than working class last year
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karlpilkington4 10/08/19 10:03:40 PM #53: |
TheAnthraxBunny posted...
karlpilkington4 posted...Maybe if the middle class learned tax law, they could take advantage of the many legal tax exemptions too. Yea, they should just whine about it on a dying internet message board. --- Is This The Krusty Krab? "No This Is Patrick!" ... Copied to Clipboard!
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DemonBuffet 10/08/19 10:04:08 PM #55: |
Trump looking out for that middle class!
--- Trololol ... Copied to Clipboard!
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Tmaster148 10/08/19 10:04:16 PM #56: |
karlpilkington4 posted...
TheAnthraxBunny posted...karlpilkington4 posted...Maybe if the middle class learned tax law, they could take advantage of the many legal tax exemptions too. Well you have that down pat. --- ... Copied to Clipboard!
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karlpilkington4 10/08/19 10:06:01 PM #57: |
Tmaster148 posted...
karlpilkington4 posted...TheAnthraxBunny posted...karlpilkington4 posted...Maybe if the middle class learned tax law, they could take advantage of the many legal tax exemptions too. I have not whined once. This is what, example # 326 of you not comprehending basic English? --- Is This The Krusty Krab? "No This Is Patrick!" ... Copied to Clipboard!
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Tmaster148 10/08/19 10:07:14 PM #58: |
karlpilkington4 posted...
Tmaster148 posted...karlpilkington4 posted...TheAnthraxBunny posted...karlpilkington4 posted...Maybe if the middle class learned tax law, they could take advantage of the many legal tax exemptions too. Kinda funny you claim you have never whined once in a whining post. --- ... Copied to Clipboard!
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karlpilkington4 10/08/19 10:08:38 PM #59: |
Who posted
--- Is This The Krusty Krab? "No This Is Patrick!" ... Copied to Clipboard!
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Axiom 10/08/19 10:27:50 PM #61: |
No fucking way. Who could've seen this coming
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Solid Snake07 10/08/19 10:39:47 PM #62: |
And they still paid more than everyone you know combined. Pretty crazy huh?
--- "People incapable of guilt usually do have a good time" -Detective Rust Cohle ... Copied to Clipboard!
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pls 10/08/19 10:41:09 PM #63: |
mattnd2007 posted...
Why don't we simply eat the rich Calm the fuck down comrade --- Do good. Eat communists. ... Copied to Clipboard!
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apocalyptic_4 10/08/19 11:01:54 PM #64: |
fenderbender321 posted...
So....we all understand that taxes are based on income right? If you have a billion dollars in your checking account, but dont earn any income, then you don't pay taxes. This is why we need to teach economics in school --- XBL: Mrpicardbottoms ... Copied to Clipboard!
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CADE FOSTER 10/08/19 11:42:19 PM #65: |
Solid Snake07 posted...
And they still paid more than everyone you know combined. Pretty crazy huh? Always fighting for the rich how sad is your life --- ... Copied to Clipboard!
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008Zulu 10/09/19 12:10:03 AM #66: |
Tax laws aren't hard to learn.
--- Time is a funny thing. There is always too much of it, except when you need it the most. Then there is never enough. ... Copied to Clipboard!
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Solid Snake07 10/09/19 12:40:04 AM #67: |
@CADE FOSTER posted...
Solid Snake07 posted...And they still paid more than everyone you know combined. Pretty crazy huh? I'm doing pretty well for myself, but for the sake of arguement The ultra rich got ultra rich by making yours, mine, and most everyone else's life better. Sorry the truth hurts your obvious financial insecurities --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle ... Copied to Clipboard!
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Webmaster4531 10/09/19 12:51:29 AM #68: |
Solid Snake07 posted...
The ultra rich got ultra rich by making yours, mine, and most everyone else's life better. I bet the hundreds of thousands of people going through medical bankruptcy will agree. --- Ad Hominem. ... Copied to Clipboard!
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Solid Snake07 10/09/19 12:56:51 AM #69: |
Webmaster4531 posted...
Solid Snake07 posted...The ultra rich got ultra rich by making yours, mine, and most everyone else's life better. They should if they have a smartphone, or a pc, or drive a car and have power in their homes, or have internet. Yeah it sucks that poor people get terminally ill, how lucky are we to have you here to enlighten us to the obvious, yet irrelavant --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle ... Copied to Clipboard!
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konokonohamaru 10/09/19 1:00:15 AM #70: |
Solid Snake07 posted...
Webmaster4531 posted...Solid Snake07 posted...The ultra rich got ultra rich by making yours, mine, and most everyone else's life better. Wow hot take. Struggling people shouldn't look to richer people for help just coz they benefit from the things rich people invent--sorry, I mean monopolized --- A very happy young man looking forward to a bright and wonderful future. ... Copied to Clipboard!
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Webmaster4531 10/09/19 1:01:45 AM #71: |
Solid Snake07 posted...
Webmaster4531 posted...Solid Snake07 posted...The ultra rich got ultra rich by making yours, mine, and most everyone else's life better. Maybe we could, I dunno, revamp our healthcare system and fund it with, I dunno, like money taken from a citizen based on how much they make to avoid taking money from those who need it? --- Ad Hominem. ... Copied to Clipboard!
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Sphyx 10/09/19 1:05:32 AM #72: |
The Admiral posted...
The average billionaire pays more in taxes than tens of thousands of Americans combined And so they should. --- You're so vain, You probably think this sig is about you. ... Copied to Clipboard!
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sktgamer_13dude 10/09/19 2:00:52 AM #73: |
I want to say Im surprised that people are shilling for the ultra rich here, but that would be lying.
--- https://imgur.com/jWVrg9U https://imgur.com/g2efUtT https://imgur.com/5dOwhaP https://imgur.com/LVdqu8J Go Cougs and M's #DI4B ... Copied to Clipboard!
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CADE FOSTER 10/09/19 2:02:35 AM #74: |
sktgamer_13dude posted...
I want to say Im surprised that people are shilling for the ultra rich here, but that would be lying. They always do --- ... Copied to Clipboard!
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Sackgurl 10/09/19 9:21:55 AM #75: |
Solid Snake07 posted...
The ultra rich got ultra rich by making yours, mine, and most everyone else's life better. this is true of some of them but definitely not all it's quite accurate of the tech billionaires, but about a fifth of billionaires purely inherited their wealth and another third inherited most of it and have only moderately expanded it russia's billionaire class is another case entirely, they basically stole it from their country. china's too, to a lesser extent. nearly all the billionaires in both countries are either in government or closely connected to it. you'd be shocked--SHOCKED--to discover that the richest person in russia is putin. --- LittleBigPlanet is like merging dress-up with a real game. ... Copied to Clipboard!
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pls 10/09/19 9:25:40 AM #76: |
A higher tax on billionaires and inheritance over $500 million or w/e would be good, but let's not be overzealous wrt how much more tax revenue we would get.
Spoiler alert: not that much more, esp not considering the extra spending some candidates want. The left should not be dishonest in pointing to how the middle class now pays more taxes compared to the top tenth of 1% if it just wants to increase the burden across the board. The more honest argument would be "see how everyone is paying less than 50%? We need to change that." --- Do good. Eat communists. ... Copied to Clipboard!
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emblem boy 10/09/19 9:30:40 AM #77: |
pls posted...
A higher tax on billionaires and inheritance over $500 million or w/e would be good, but let's not be overzealous wrt how much more tax revenue we would get. Why 500 million? --- Pitter-patter, let's get at 'er ... Copied to Clipboard!
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Sackgurl 10/09/19 9:47:36 AM #78: |
pls posted...
A higher tax on billionaires and inheritance over $500 million or w/e would be good, but let's not be overzealous wrt how much more tax revenue we would get. cap gains tax revenues are around 200 billion per year for reference --- LittleBigPlanet is like merging dress-up with a real game. ... Copied to Clipboard!
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TheAnthraxBunny 10/09/19 1:25:43 PM #79: |
karlpilkington4 posted...
TheAnthraxBunny posted...karlpilkington4 posted...Maybe if the middle class learned tax law, they could take advantage of the many legal tax exemptions too. You worded this as if I implied learning tax law isn't productive, but I didnt. Of course I think learning tax law is more productive than posting on GameFAQs, my point is that people shouldnt have to learn about it. Dont put words in peoples mouths. --- Yes, it is against the terms of service. Do not use the boards to set up orgies. -Alucard188 ... Copied to Clipboard!
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Balrog0 10/10/19 3:15:47 PM #81: |
I think that this is not true
--- But to you who are listening I say: Love your enemies, do good to those who hate you, bless those who curse you, pray for those who mistreat you. ... Copied to Clipboard!
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Balrog0 10/10/19 3:20:24 PM #82: |
Broseph_Stalin posted...
what's the source for this btw? --- But to you who are listening I say: Love your enemies, do good to those who hate you, bless those who curse you, pray for those who mistreat you. ... Copied to Clipboard!
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Broseph_Stalin 10/10/19 4:16:18 PM #83: |
Balrog0 posted...
what's the source for this btw? https://twitter.com/jasonfurman/status/1181276491595694080 And another interesting graph:  There's a lot of things wrong with taxation in the US, but saying the system isn't progressive is just wrong. ... Copied to Clipboard!
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Questionmarktarius 10/10/19 4:23:42 PM #84: |
Broseph_Stalin posted...
There's a lot of things wrong with taxation in the US, but saying the system isn't progressive is just wrong. It tops out at 38%, which is abhorrent to European socialists, give or take Ireland. ... Copied to Clipboard!
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Balrog0 10/10/19 4:26:26 PM #85: |
yeah, though to be fair that translates into this type of graph if you do the same conversion for Sweden as the US
 edit: to be clear I'm not saying our tax system isn't progressive, I actually made a topic a couple weeks ago about how our system IS super progressive but thats basically the reason we dont raise much revenue --- But to you who are listening I say: Love your enemies, do good to those who hate you, bless those who curse you, pray for those who mistreat you. ... Copied to Clipboard!
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Broseph_Stalin 10/10/19 4:28:41 PM #86: |
Questionmarktarius posted...
It tops out at 38%, which is abhorrent to European socialists, give or take Ireland. That's not what progressive means. No one is saying tax rates are high in the US, but whatever it tops out at is still higher than what poor people are paying. That's how a progressive tax system is supposed to work. Some would say it's abhorrent that Sweden taxes its poor people at 55%. Some would say it's abhorrent that the rich there don't actually pay that much of a higher rate, which is what this topic is supposed to be about. ... Copied to Clipboard!
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Questionmarktarius 10/10/19 4:29:45 PM #87: |
Broseph_Stalin posted...
Yes, I know, but I can't turn down a chance to crap on european socialsm. ... Copied to Clipboard!
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Balrog0 10/10/19 4:31:20 PM #88: |
Broseph_Stalin posted...
That's not what progressive means. No one is saying tax rates are high in the US, but whatever it tops out at is still higher than what poor people are paying. That's how a progressive tax system is supposed to work. it's actually a pretty interesting conversation the big difference is that everything is broader based in Sweden, both benefits and taxes as you can see, in the US no one over the 80th percentile is getting transfers, and even the middle two quintiles get very little but even the top quintile gets transfers in Sweden --- But to you who are listening I say: Love your enemies, do good to those who hate you, bless those who curse you, pray for those who mistreat you. ... Copied to Clipboard!
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