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Tax rate on richest 400 lower than every other group

13

Comments

  • SFGbobSFGbob Member Posts: 33,181
    edited October 2019

    Hondo is livid that people keep more of their money

    People who have earned their money are said to be "greedy" for wanting to keep more of it, while parasites like Hondo are not considered greedy because they feel entitled to wealth that they didn't earn.

    Hondo already informed us that he doesn't pay more in taxes than he owes. He has the ability right now to achieve what he wants, pay higher taxes, and he declines to do so. Because Hondo doesn't want to pay higher taxes, he wants other people to pay higher taxes.
  • 2001400ex2001400ex Member Posts: 29,457
    SFGbob said:



    As this chart illustrates, higher marginal income tax rates didn’t necessarily result in a higher income tax burden for the wealthiest taxpayers. In fact, as the top marginal income tax rate has fallen, the top 1 percent’s income tax burden has increased. In 1986, the top marginal income tax rate was 50 percent, and the top 1 percent paid 25.8 percent of all income taxes; thirty years later, the top marginal income tax rate had fallen to 39.6 percent, but the top 1 percent’s share of income taxes had risen to 37.3 percent.

    Two points you are too dumb to understand. Of course the wealthy share of tax burden has increased. Because their share of the wealth has exploded quicker than their tax rates have decreased. Second point, of course they pay less than the marginal rate. Mostly because a large portion of their income is dividend or capital gains taxed at a lower rate.
  • SFGbobSFGbob Member Posts: 33,181
    2001400ex said:

    Two points you are too dumb to understand. Of course the wealthy share of tax burden has increased. Because their share of the wealth has exploded quicker than their tax rates have decreased. Second point, of course they pay less than the marginal rate. Mostly because a large portion of their income is dividend or capital gains taxed at a lower rate.
    And they've always paid less than the marginal tax rates, even when the tax rates were 70%. They now pay a greater share of all the taxes then they did when the marginal rates were 70%.

    The dipshit here as always Hondo is you.

  • MikeDamoneMikeDamone Member Posts: 37,781
    2001400ex said:

    Two points you are too dumb to understand. Of course the wealthy share of tax burden has increased. Because their share of the wealth has exploded quicker than their tax rates have decreased. Second point, of course they pay less than the marginal rate. Mostly because a large portion of their income is dividend or capital gains taxed at a lower rate.
    Gee Hondo, why are capital gains taxed differently than wages? Idiot
  • 2001400ex2001400ex Member Posts: 29,457

    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.
    Except spending? By your definition. Of a range within 8% of GDP. Spending hasn't changed either. You can't have it both ways.
  • 2001400ex2001400ex Member Posts: 29,457

    Gee Hondo, why are capital gains taxed differently than wages? Idiot
    That's not the discussion. Idiot.
  • MikeDamoneMikeDamone Member Posts: 37,781
    2001400ex said:

    Except spending? By your definition. Of a range within 8% of GDP. Spending hasn't changed either. You can't have it both ways.
    Yes I can.
  • MikeDamoneMikeDamone Member Posts: 37,781
    2001400ex said:

    That's not the discussion. Idiot.
    You’re the one who brought it up, pissant
  • GwadGwad Member Posts: 2,855
    Society is going to breakdown if the top 400 don't have those extra millions!!!!!!!!!!
  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 17,367 Swaye's Wigwam
    Gwad said:

    Society is going to breakdown if the top 400 don't have those extra millions!!!!!!!!!!

    The government is better at investing than the private sector!!!
  • SledogSledog Member Posts: 36,021 Standard Supporter

    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?
    The party of greed, envy and jealousy.
  • greenbloodgreenblood Member Posts: 14,553
    edited October 2019
    Gwad said:

    Society is going to breakdown if the top 400 don't have those extra millions!!!!!!!!!!

    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 always
  • GDSGDS Member Posts: 1,470

    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 always
    As opposed to what we have now which is where the richest 400 Americans are paying a lower effective rate than the middle class...
  • greenbloodgreenblood Member Posts: 14,553
    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...
    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%.
  • MikeDamoneMikeDamone Member Posts: 37,781
    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...
    Sounds like a good reason to lower the rate on the middle class.
  • RaceBannonRaceBannon Member, Moderator, Swaye's Wigwam Posts: 111,041 Founders Club
    If we tax the rich more how much can I expect to see in my bank account?
  • CirrhosisDawgCirrhosisDawg Member Posts: 6,390

    If we tax the rich more how much can I expect to see in my bank account?

    NOC
  • RaceBannonRaceBannon Member, Moderator, Swaye's Wigwam Posts: 111,041 Founders Club

    NOC
    Then they can keep it
  • 2001400ex2001400ex Member Posts: 29,457

    The government is better at investing than the private sector!!!
    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?
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