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

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

  1. Robert

    Robert Well-Known Member Past Donor

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    We discussed the taxes of the founders. You challenged me to show the rates. I did that. And you said, not relevant. Why then did you ask?
     
  2. Robert

    Robert Well-Known Member Past Donor

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    I never get the Democrats and their love of high income taxes. They battle me all the time over sales taxes. I say swap income taxes for sales taxes. They come unglued.

    How many accountants will you need if we have the national sales tax? gee, none at all.

    How about deductions. Gee, we get away from those.

    How about sins of corporations. Gone.

    Crooks beat the income tax system. Cured.

    But they want only income taxes. Beats me why that is.
     
  3. CourtJester

    CourtJester Well-Known Member

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    Care to quote the post where I challenged you to show the rates? You were challenged to back up your claim that the founders designed the tax system so everyone would pay equally. So far you have failed.
     
    Last edited: Oct 21, 2018
  4. Robert

    Robert Well-Known Member Past Donor

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    But as you like to claim, not relevant now.
    Now you saw the federal graph of revenue. And when it became unequal, you saw the rapid rise of taxes.
     
  5. CourtJester

    CourtJester Well-Known Member

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    Nonsense. First of course you will need accountants to track and allocate the sales tax. And you will need an entire system to make sure every company is charging and collecting the tax. And there will be endless legislation about what is to be taxed and how much and how the rates will be used to manage the economy

    . And if you have never avoided paying sales tax you are either a fool or a liar.

    And then of course there is the fact that a universal sales tax would be incredibly regressive unless there were exemptions or threshholds where the tax started.
     
  6. GraspingforPeace

    GraspingforPeace Well-Known Member

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    My grandpa makes this same crappy argument. There are planks of the Communist Manifesto that coincide with many "planks" of classical liberalism. It doesn't mean that classical liberalism is communism.
     
    Last edited: Oct 21, 2018
  7. CourtJester

    CourtJester Well-Known Member

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    So you admit you statement was BS which is fine and I agree. As for the rest of your post could you try again to post something that makes sense.
     
    Last edited: Oct 21, 2018
  8. squidward

    squidward Well-Known Member

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    Central banks aren't classic liberalism.
    Your grandpa schooled you
     
  9. squidward

    squidward Well-Known Member

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    Cuz they've been told it's "Taxing the rich", but it's not. Our tax code prevents most from becoming rich
     
    Last edited: Oct 21, 2018
  10. CourtJester

    CourtJester Well-Known Member

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    That is absurd! If you eliminated all tax there would still be the same differences in individual wealth. In fact since there are people who actually believe the tax system unfairly penalizes the rich if you believe them the difference in wealth would be even greater.
     
  11. squidward

    squidward Well-Known Member

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    The tax code punishes the upper middle class.
    They subsidize the leechers at the top and bottom of the food chain.
     
  12. CourtJester

    CourtJester Well-Known Member

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    The leachers at the bottom of the food chain doen't seem to be very sucessful at leaching. But I am curious as to your evidence that the upper middle class are the victims. Any actual statistical evidence would be appreciated
     
  13. squidward

    squidward Well-Known Member

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    Ok Mr, I'm wealthy and all my income is taxed at the cap gains rate.
     
  14. EarthSky

    EarthSky Well-Known Member

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    Testing......

    stats like this:

    [​IMG]

    https://www.financialsamurai.com/chances-becoming-millionaire-by-race-age-education/

    or this:

    "For many young people born into the cyclic deprivations of urban poverty -- failing schools, broken families, lack of jobs, violence, crime and drugs -- such lessons come far too late in life. While Davis aspires to become a barber one day (he cuts his friends' hair, he says), at 23, he is already locked hard onto a path that will make that dream extremely difficult to realize.

    Statistically speaking, Davis, like his parents, faces surprisingly high odds against ever escaping from poverty -- regardless of what happens in the wider economy.

    Even in the best of economic times, America has long maintained pockets of deep and persistent poverty. From blighted urban neighborhoods like this one, hollowed out by the collapse of the steel industry more than a generation ago, to long-impoverished communities in the Mississippi Delta, or the San Joaquin Valley of California, or the uniquely dismal privations on tribal lands in South Dakota and elsewhere -- poverty has defined life for multiple generations."

    [​IMG]

    https://www.huffingtonpost.ca/entry/american-poverty-rate_n_1304269


    Look, no one is saying that it doesn't happen and it is good news for those individuals who manage to pull themselves up this way but in terms of persistent poverty, ask your self in terms of the general population, especially minorities, what is the probability that you will have the opportunity to rise up to the level of a millionaire? One feel good story hardly describes an overall trend. Have you read, Picketty's (sp) Capital in the 21st Century?

    To get him, you have to know all of his story.

    Aha;;;;it worked. Good to know!
    .
    [/QUOTE
     
    Last edited: Oct 22, 2018
  15. CourtJester

    CourtJester Well-Known Member

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    Do you actually can't support your claim that the middle class are victims. People like you that just make stuff up are just top easy to make laughable.
     

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