Top 3% of Taxpayers paid majority of income taxes in 2016.

Discussion in 'Budget & Taxes' started by goofball, Oct 14, 2018.

  1. GraspingforPeace

    GraspingforPeace Well-Known Member

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    Inflict those rates = a 3% increase. THE HORROR.
     
    Last edited: Oct 21, 2018
  2. squidward

    squidward Well-Known Member

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    My point, a comparison of incomes spreads in the top1% versus bottom 99%
    The income spread between 50kand 500k is 450k.

    The income spread from 500k to the top of the 1% is tens or hundreds of billions.
    450k ain't even on the page, ain't in the ballpark, ain't in the neighborhood, ain't in the state, ain't even in the same time zone.
     
  3. GraspingforPeace

    GraspingforPeace Well-Known Member

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    Yeah, and the spread from $1B to $1Quadrillion is even BIGGER... and even more irrelevant. Again, What. Is. Your. Point?
     
  4. squidward

    squidward Well-Known Member

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    Do you know even understand orders of magnitude?
    Only your jealousy would inflict such high rates at such low levels, despite 500k not even being a fly on the ass of 10B
     
  5. squidward

    squidward Well-Known Member

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    500k is small potatos and you'd take 50% out of jealousy.

    Does he use the roads or fire dept more than you?

    You talk about the 1% as if they're all super rich. That is jealousy my friend
     
    Last edited: Oct 21, 2018
  6. GraspingforPeace

    GraspingforPeace Well-Known Member

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    First off, if somebody is making over $500,000 and the top tax rate would at 50%, that person isn’t being taxed 50% of that $500,000. They wouldn’t owe $250,000 for taxes when they got that amount of income. You understand how tax brackets work, I HOPE.

    Secondly, taxation isn’t based on how often people use the interstates. How philosophically bankrupt do you have to be to only assume that the only reason progressive taxation exists is because of jealousy or use of roads.

    LOL, if you’re making over half a million dollars a year, you ARE super rich. That’s why they’re described as the 1%.

    And if you’re an individual making over $500,000, I’m not going to feel sorry for you that you have to pay more into the system. I’m sorry that you can’t intelligently comprehend a reason that the rich should be hit with higher taxes when they make over half a million dlllars a year.
     
    Last edited: Oct 21, 2018
  7. Bluesguy

    Bluesguy Well-Known Member Donor

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    What would constitute proof to you although your own post here clearly demonstrate it.
     
  8. GraspingforPeace

    GraspingforPeace Well-Known Member

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    Do you even understand that I’m saying your random orders of magnitude argument isn’t relevant to the conversation, other than those people making the super rich look measly should be taxed even MORE? By the way, how many people are making over $10B dollars a year? 1,000 MAYBE?
     
  9. Bluesguy

    Bluesguy Well-Known Member Donor

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    If you do not understand the difference between marginal rates and effective rates then you are not capable of discussing the issue. And you are basing your arguments on what other than wanting to confiscate more of the income and wealth of the highest earners? You have clearly said that is your goal because it is not fair. Well "fair" is a matter of envy.
     
  10. GraspingforPeace

    GraspingforPeace Well-Known Member

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    Yup, totally. Because the only possible reason that progressive taxation exists is jealousy. Ayn Rand really must have done a number on you. I bet you sit under your covers every night with a flashlight reading Atlas Shrugged, foaming at your mouth imagining the horrors of progressive taxation.
     
  11. GraspingforPeace

    GraspingforPeace Well-Known Member

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    I do understand the difference between the rates, considering I had to correct your question to me about whether I wanted a 40-50% effective rate after I clearly said “top rate”. Top rate being a direct reference to a marginal rate bracket. Secondly, I asked for clarification on who’s average effective we were discussing and why it was important, I didn’t ask you what an effective rate WAS. How devoid of honest and decency do you have to be to make childish accusations like this?
     
  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    I asked you what you would want the effective rate on the highest earners to be.

    Well what do you want the average effective rates to be....?

    Why the obfuscation now?
     
    Last edited: Oct 21, 2018
  13. Bluesguy

    Bluesguy Well-Known Member Donor

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    Have no idea never read her stuff. I am reading your rants demonstrating your jealousy and envy of this who earn lots more than you.

     
  14. GraspingforPeace

    GraspingforPeace Well-Known Member

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    And it’s clear that you don’t understand the difference between somebody’s stances, and jumping to a conclusion in your own mind about somebody’s stances based on your warped and simple perspective of what drives people to care about issues.
     
    Last edited: Oct 21, 2018
  15. GraspingforPeace

    GraspingforPeace Well-Known Member

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    No you didn’t, all you asked was what I thought the effective rate should be. No mention of highest earners, no mention of who you were talking about. Which is exactly why I asked you to clarify. I’m not going to answer your questions any longer until you stop being disingenuous or braggardly about your perception of my impetuses.
     
    Last edited: Oct 21, 2018
  16. CourtJester

    CourtJester Well-Known Member

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    Since I don't consider the tax on " income" that the rich pay hughly disproportionate the question cannot and will not be answered as written.

    And of course if you actually understood the tax code you would realize that everyone pays the same amount on the same amount of income. That is why the tax code is progressive.
     
    Last edited: Oct 21, 2018
  17. squidward

    squidward Well-Known Member

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    Why should a guy who makes 500k pay a rate so much higher than yours?
     
  18. squidward

    squidward Well-Known Member

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    Who describes them ?
    Intellectually dishonest to use a single term to describe a segment of society that encompasses such a wide range of incomes.

    And you wanted proof of your jealousy?
    You typed it out.
    Super rich? What a crock of ****.
     
  19. Bluesguy

    Bluesguy Well-Known Member Donor

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    ROFL that the best dodge you got. What do you consider their tax proportional to then? How is earning 20% of income but paying 39% of income taxes proportional?

    If you actually understood what I posted you wouldn't be making specious statements and instead actually addressing what I do post instead of dodging and dancing.
     
  20. Bluesguy

    Bluesguy Well-Known Member Donor

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    Yes I did and will do so again in spite of your obfuscation an dodges.

    Well what do you want the average effective rates to be for the highest earners?
     
  21. Bluesguy

    Bluesguy Well-Known Member Donor

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    It's clear you want to obfuscate and dance and weave.

    What effective rate to do you want the highest earners to pay?
     
  22. CourtJester

    CourtJester Well-Known Member

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    I believe the most recent data shows that the top 1% own as much wealth as the bottom 90%. If that isn't having all that much I would be curious as to what would be.

    And how have you come to the conclusion that the founders set up the nation so that everyone would pay equally to support the government? And for real laughs suppose you tell us how the 19% of American families who have zero or less net worth are going to contribute their fair share. Debtors prisons or perhaps being sold into slavery?
     
    Last edited: Oct 21, 2018
  23. Robert

    Robert Well-Known Member Past Donor

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    I do not appreciate your answers at all.

    Do you recall what the tax rate was when the Founders established government? And do you recall what they taxed? When you know that, we will proceed. As it is, who is yelling most about Government? Is it the poverty stricken? Just who is angry over Trump.
     
  24. CourtJester

    CourtJester Well-Known Member

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    Except of course the increasing inequality of wealth is related to the tax system structure. No question whatsoever for instance that the Trump tax cuts made wealth inequality significantly greater as did the Bush tax cuts.

    Saying a person's wealth has nothing to do with taxes would indicate you shouldn't care what rate the top earners pay since it isn't according to you going to make any difference in their wealth . Guess wealth cones from the tooth faiery.
     
    Last edited: Oct 21, 2018
  25. CourtJester

    CourtJester Well-Known Member

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    Thanks for admitting you cannot explain how the founders set up the tax system so everyone would pay equally.
     

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