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

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

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    The profits did not belong to the employee, the revenue did not belong to the employee. The employee was paid for their labor before that revenue and profit was made. How were they robbed of something they never owned? In fact the employee gets paid first before the owner gets a penny of profit even if the owner loses money.
     
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  2. grapeape

    grapeape Well-Known Member Past Donor

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    no, he deregulated the industry to allow them to do these things. And remember, Bush's push to "reign in fanny and freddy, was nothing more than a vailed attempt to raid their superfund to help hide his spending on the war
     
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  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    I don't have to fill out a tax return every year with my private information and my bank and brokerage firms do not have to send private financial information about me to the government.

    I thought the left was all over the right to privacy.
     
  4. Bluesguy

    Bluesguy Well-Known Member Donor

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    BUSH SIGNS AMERICAN DREAM DOWNPAYMENT ACT
    $200 million program will help tens of thousands of low-income families to become homeowners
    High downpayment and closing costs represent the most significant barrier to homeownership for first-time homebuyers. The American Dream Downpayment Act will provide a maximum downpayment assistance grant of either $10,000 or six percent of the purchase price of the home, whichever is greater. In addition, the Bush Administration is committed to reforming the homebuying process that would lower closing costs by approximately $700 per loan, further stimulating homeownership for all Americans.
    https://archives.hud.gov/news/2003/pr03-140.cfm
     
  5. grapeape

    grapeape Well-Known Member Past Donor

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    Read what I post. Bush deregulated the industry that allowed them to create the products that they used to sink the economy. Thats just a FACT

    The downpayment act was not real money. They didn't pay the down payment, they allowed the banks tax breaks on that "money" over time. So the money wasn't really "equity" as much as it helped in the qualifying process
     
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  6. CourtJester

    CourtJester Well-Known Member

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    That is silly since every entity that sells you something will have to collect and send the information to the government. Everything you spend anything on will be recorded and tracked. Evey book you buy, every program you watch, every person you hire, etc,etc. Cash will be eliminated
     
  7. CourtJester

    CourtJester Well-Known Member

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    A fun piece of information:

    In 1999, billionaire Donald Trump proposed a “one-time” net worth tax of 14.25 percent on people worth $10 million or more to help pay off the national debt. He claimed it would raise $5.7 trillion and would wipe out the debt in one fell swoop, as CNN put it. In a written statement, he said that “no one has put forward a plan to make this country entirely debt free as we enter the next millennium. The plan I am proposing today does not involve smoke and mirrors, phony numbers, financial gimmicks, or the usual economic chicanery you usually find in Disneyland-on-the-Potomac.”

    His rationale was based on the idea that the top tier held much of the country’s wealth. Trump noted that “by my calculations, 1 percent of Americans, who control 90 percent of the wealth in this country, would be affected by my plan. The other 99 percent of the people would get deep reductions in their federal income taxes.According to him, his plan would have other benefits as well. Trump claimed it would save the federal government $200 billion a year in interest payments and enable leaders to cut taxes on the middle class and make Social Security “solvent through the next century.”

    Emphasizing the strong leadership personified by this proposal, he argued, “It is a win-win for the American people, an idea no conventional politician would have the guts to put forward.”
     
  8. Renee

    Renee Well-Known Member

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    Why would I be jealous of someone’s wealth? My husband retired a millionaire in his forties. I remember once saying to him how we pay so much in taxes and he looked at me and said, “that means we made a lot of money and that’s a good thing” We didn’t mind paying taxes because it helped others. ...I worry about what other people DONT have
     
  9. StillBlue

    StillBlue Well-Known Member

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    So why does the employer own the fruits of my labor?
    Increasing the wealth gap only accelerates the return of strong unions.
     
  10. StillBlue

    StillBlue Well-Known Member

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    While we're at it, why does the right always point at income taxes? Why not point out that the bottom 90% pay the majority of all taxes. Pointing out that the top 3% have such high incomes only reinforces the disparity.
     
  11. BuckyBadger

    BuckyBadger Well-Known Member

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    Even if you rallied all of the rich people in the US to wipe out the debt tomorrow, the politicians in Washington would have us back in the red within the month. Democrats alone, would be jacking up entitlements and running up the bill and expecting these billionaires to bail them out again when they get in trouble.

    The people who run the government are at fault and they need to change the way they spend taxpayer money.
     
  12. Vegas giants

    Vegas giants Banned

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    They pay most of the taxes? Good for them. America IS great
     
  13. BuckyBadger

    BuckyBadger Well-Known Member

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    Fake news.
     
  14. Vegas giants

    Vegas giants Banned

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    They aren't.
     
  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    Because he paid your them. Strong unions aren't coming back, the workers don't want them.
     
  16. squidward

    squidward Well-Known Member

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    Are you going to pretend to be a rich guy who loves paying taxes again?
     
  17. Vegas giants

    Vegas giants Banned

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    Love it! Love love love IT!
     
  18. squidward

    squidward Well-Known Member

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    A leecher would
     
  19. Vegas giants

    Vegas giants Banned

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    You love it too? LOL
     
  20. nopartisanbull

    nopartisanbull Well-Known Member

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    We're all T-Bills/Notes/Bonds leechers
     
  21. squidward

    squidward Well-Known Member

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    We're all being siphoned by the FRN creators
     
  22. Moonglow

    Moonglow Well-Known Member

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    12.85 USD-12:10pm
     
  23. TCassa89

    TCassa89 Well-Known Member

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    Considering that the top 1% of the country own over 40% of the wealth in the country(more than the bottom 90% combined), them paying 37% of the tax revenue isn't really unfair.


    The 3 richest men in the country own more than the bottom 50% of the country combined(over 160 MILLION people). So before you complain about the disparity in our tax revenue, you should probably understand what is causing that disparity.
     
    Last edited: Oct 18, 2018
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  24. squidward

    squidward Well-Known Member

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    So we're so wealthy we should only need minimal tax revenue for government programs.
    Thanks
     
  25. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    So you dont think the inventor of uber should be wealthy?

    What is an acceptable amount of wealth accumulation.

    The problem is, the left thinks we have a zero sum economy... they will never learn we dont.
     

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