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Tax rate on richest 400 lower than every other group
Comments
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The party of greed, envy and jealousy.MikeDamone said:
Ok... so let’s say we go your way and taxed the top 400 at 70% or 80 or 100. Have you actually done the math on how much that revenue that much actual revenue that is? I know it feels good for leftists to try to crush the rich basted emotions of hate and jealousy, so can we get the numbers from you on what the impact would be?GDS said:
“Very little” has changed other then the effective tax rate on the highest earning 400 Americans has gone from 70% to 23% to the point where the richest Americans now pay a lower effective rate than any other group. Mike the dumbass nails it yet again...fsMikeDamone said:
What’s even more fucktarded is a monkey like you not realizing that very little has changed in the past 60 years, except spending. Yet you jump around like a moron yelling about graphs scales, but don’t apply your same logic to the actual problem, spending.2001400ex said:
What's more fucktarded is you don't realize that 3-4.5% of GDP is a huge fucking number. Hauser's "law" was created for simpletons like you. There's even a cool graph with a messed up scale that makes it look like it never really changes. Cause simple minds like you don't don't stop and wonder how big 1% is GDP is.MikeDamone said:
What’s more fucktarded is not understanding Hauser's law. What an idiot.2001400ex said:
You do realize that saying revenues would go up like 1% while the economy has increased 5+% over two years is fucktarded right?MikeDamone said:
I challenge you to find a post where I said tax cuts would cut the deficit. It possible I said they may increase revenue, so I was right there.2001400ex said:
I didn't say it needs to increase the size of the economy as a blanket statement as you are dumbfuck. However, if you are trying to balance the budget, or even come close. You can't have revenue increasing slower than the economy while having expenditures grow with the economy. And basically no politicians willing to cut expenditures.MikeDamone said:2001400ex said:
Revenue is down relative to the size of the economy. Idiot.MikeDamone said:
Since revenue is up it seems like all that’s left to do is cut spending. Why won’t they?2001400ex said:
I agree with most of this. Although to reduce the deficit it has to be both revenues and expenditures. Like you said, but in a different way. No politician is actually going to cut spending. Even tho Americans hate the wasteful spending, they all want their money still. Yes even the wealthy want the money spent their way too.PurpleThrobber said:Da fuq difference does it make what anyone pays in taxes?!?
The debt ceiling is apparently unlimited and annual deficits have no meaning.
Until the endless wars and re-fucking-diculous spending ends, this who pays more argument is exactly what the two parties want as the shiny object to stay in power.
Wake up, sheeple.
And yes we need to cut spending but neither party will. For reasons I've stated many times. Even in the post you quoted. You really are struggling today.
Explain, in your words why revenue needs to increase to the size of the economy. Dumb fuck.2001400ex said:
Revenue is down relative to the size of the economy. Idiot.MikeDamone said:
Since revenue is up it seems like all that’s left to do is cut spending. Why won’t they?2001400ex said:
I agree with most of this. Although to reduce the deficit it has to be both revenues and expenditures. Like you said, but in a different way. No politician is actually going to cut spending. Even tho Americans hate the wasteful spending, they all want their money still. Yes even the wealthy want the money spent their way too.PurpleThrobber said:Da fuq difference does it make what anyone pays in taxes?!?
The debt ceiling is apparently unlimited and annual deficits have no meaning.
Until the endless wars and re-fucking-diculous spending ends, this who pays more argument is exactly what the two parties want as the shiny object to stay in power.
Wake up, sheeple.
And yes we need to cut spending but neither party will. For reasons I've stated many times. Even in the post you quoted. You really are struggling today.
That's basic math Mike. I thought you might be smarter than that but apparently not.
I should go back and pull up the posts on December 2017 of you shitdicks arguing ad nauseum that cutting taxes would reduce the deficit.
You seem to think Congress is trying to balance the budget. What a fucking idiot.
Hondo falls for the common myth in Econ that all else will remain equal. If taxes are raised, all other variables are unchanged, therefore fthe only outcome is more revenue.
I don't recall what you said. I just remember Houston arguing like a clown all fucking day and how wrong he was.
I think I've said repeatedly that almost no one in Congress wants to balance the budget. Which is hilarious given how the GOP cried about deficits under Obama. And most of you shitdicks here cried about the deficit as well. Now the deficit doesn't matter again cause it's your guy in the White House. -
It actually would. The Executives will always find a way to get their millions. Either businesses will decrease reserves, increase margins, or use creative compensation to make up the difference. In the end, the only people that get fucked with higher taxes are the people without the power to work around them but still make a living...the middle class. Same as alwaysGwad said:Society is going to breakdown if the top 400 don't have those extra millions!!!!!!!!!!
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As opposed to what we have now which is where the richest 400 Americans are paying a lower effective rate than the middle class...greenblood said:
It actually would. The Executives will always find a way to get their millions. Either businesses will decrease reserves, increase margins, or use creative compensation to make up the difference. In the end, the only people that get fucked with higher taxes are the people without the power to work around them but still make a living...the middle class. Same as alwaysGwad said:Society is going to breakdown if the top 400 don't have those extra millions!!!!!!!!!!
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The top 1% in 2018 contributed over 37% of the country's tax revenue. The top 400 American's pay taxes at a capital gains rate. Why do liberals and war hawking conservatives always think more taxes are the solution. Maybe the government should look at shrinking military and entitlement spending each by 15%.GDS said:
As opposed to what we have now which is where the richest 400 Americans are paying a lower effective rate than the middle class...greenblood said:
It actually would. The Executives will always find a way to get their millions. Either businesses will decrease reserves, increase margins, or use creative compensation to make up the difference. In the end, the only people that get fucked with higher taxes are the people without the power to work around them but still make a living...the middle class. Same as alwaysGwad said:Society is going to breakdown if the top 400 don't have those extra millions!!!!!!!!!!
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Sounds like a good reason to lower the rate on the middle class.GDS said:
As opposed to what we have now which is where the richest 400 Americans are paying a lower effective rate than the middle class...greenblood said:
It actually would. The Executives will always find a way to get their millions. Either businesses will decrease reserves, increase margins, or use creative compensation to make up the difference. In the end, the only people that get fucked with higher taxes are the people without the power to work around them but still make a living...the middle class. Same as alwaysGwad said:Society is going to breakdown if the top 400 don't have those extra millions!!!!!!!!!!
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If we tax the rich more how much can I expect to see in my bank account?
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NOCRaceBannon said:If we tax the rich more how much can I expect to see in my bank account?
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Gwad said:
Society is going to breakdown if the top 400 don't have those extra millions!!!!!!!!!!
Society will break down if the government doesn’t confiscate those “extra” millions.
Your use of the word extra is all we need to know about you. Entitled little bitch -
Then they can keep itCirrhosisDawg said:
NOCRaceBannon said:If we tax the rich more how much can I expect to see in my bank account?
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A large part of our taxes over the years have gone to the military, roads and other infrastructure, and schools. Would you say those are poor investments?UW_Doog_Bot said:
The government is better at investing than the private sector!!!Gwad said:Society is going to breakdown if the top 400 don't have those extra millions!!!!!!!!!!
