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God this is so stupid. Bernie has never suggested that millionaires shouldn’t exist. You do realize, of course, under his tax plan, his own taxes would increase, right?I can only smell the hypocrisy.......
he is a millionaire ....he is talking out his backside
https://nypost.com/2019/04/09/bernie-sanders-tax-returns-reveal-hes-a-millionaire/
percentage of taxes of a group has to go along with percentage of total income earned by that same group, i.e:Um no I didn’t. They didnt have nearly the same tax code we have now. When I talk about deductions, I am talking about now.Okay, but we are in agreement that their high tax rate was beneficial to them at the time right? This simply proves that their tax rate was not harmful to the economy. And yes, the economy we have today is much different. I’m not even suggesting that their tax rate be that high. It just has to be a lot different from now based on deductions and loopholes. 2/3 of corporations don’t pay federal income tax because of what they can take advantage of on the tax code. Meanwhile, the poor and middle class class end up paying higher effective tax rates because they don’t get those same generous deductions.The 50's was a much different time than today. First off, Americans had more solidarity with their countrymen than today. An American company would not do well moving overseas and importing stuff back to the US. For one, travel was not nearly as safe as today. Now we have satellites, radar, and much safer planes. Two, our labor was closer to others around the world. Transpiration would have killed any additional profit, and actually would have cost more to produce overseas.
Businesses always had to have meetings, so it would not have been economical to fly all those Americans to wherever to have monthly meetings. Communications were very primitive. So there was really no places else to go.
Today, a business owner can run his company sitting on the toilet from virtually anywhere in the world. He can have face to face meetings via internet, and be able to check his investments up to the second. As long as he can produce products cheaper than can be produced in the US, his products will sell the most.
The rich already pay most of the income taxes for the rest of us, yet nearly the bottom 50% pay not a dime.
Top 20% of Americans Will Pay 87% of Income Tax
As was already pointed out, very few paid this 91% you speak of. The average for the top 1% was about 42% compared to about 37% today when you figure in all income taxes including state and city.
Taxes on the Rich Were Not Much Higher in the 1950s - Tax Foundation
So riddle me this: If 87% of taxes paid by the top 20% are not enough, what should they be paying?
Okay so now you’re flipping back to this narrative of 87% when you already acknowledged that rich people have generous deductions. That doesn’t make sense.
As the article points out, with or without deductions, they are not paying that much less today than 65 years ago. With the current deductions, the top 20% are still paying 87% of all collected income taxes.
this was 4 years ago.
current numbers here
If a group pays X percent of all taxes, its because they earn X percent of all income.
No the article makes no mention of their effective tax rate. This all also doesn’t account for the economic gains they get from the corporations they own where the effective tax rate is 11%. 2/3 don’t pay federal taxes at all.Um no I didn’t. They didnt have nearly the same tax code we have now. When I talk about deductions, I am talking about now.Okay, but we are in agreement that their high tax rate was beneficial to them at the time right? This simply proves that their tax rate was not harmful to the economy. And yes, the economy we have today is much different. I’m not even suggesting that their tax rate be that high. It just has to be a lot different from now based on deductions and loopholes. 2/3 of corporations don’t pay federal income tax because of what they can take advantage of on the tax code. Meanwhile, the poor and middle class class end up paying higher effective tax rates because they don’t get those same generous deductions.The 50's was a much different time than today. First off, Americans had more solidarity with their countrymen than today. An American company would not do well moving overseas and importing stuff back to the US. For one, travel was not nearly as safe as today. Now we have satellites, radar, and much safer planes. Two, our labor was closer to others around the world. Transpiration would have killed any additional profit, and actually would have cost more to produce overseas.
Businesses always had to have meetings, so it would not have been economical to fly all those Americans to wherever to have monthly meetings. Communications were very primitive. So there was really no places else to go.
Today, a business owner can run his company sitting on the toilet from virtually anywhere in the world. He can have face to face meetings via internet, and be able to check his investments up to the second. As long as he can produce products cheaper than can be produced in the US, his products will sell the most.
The rich already pay most of the income taxes for the rest of us, yet nearly the bottom 50% pay not a dime.
Top 20% of Americans Will Pay 87% of Income Tax
As was already pointed out, very few paid this 91% you speak of. The average for the top 1% was about 42% compared to about 37% today when you figure in all income taxes including state and city.
Taxes on the Rich Were Not Much Higher in the 1950s - Tax Foundation
So riddle me this: If 87% of taxes paid by the top 20% are not enough, what should they be paying?
Okay so now you’re flipping back to this narrative of 87% when you already acknowledged that rich people have generous deductions. That doesn’t make sense.
As the article points out, with or without deductions, they are not paying that much less today than 65 years ago. With the current deductions, the top 20% are still paying 87% of all collected income taxes.
Only relevant whether labor is infinite or finite. Since money can only be used for labor, only labor availability is relevant.percentage of taxes of a group has to go along with percentage of total income earned by that same group, i.e:Um no I didn’t. They didnt have nearly the same tax code we have now. When I talk about deductions, I am talking about now.Okay, but we are in agreement that their high tax rate was beneficial to them at the time right? This simply proves that their tax rate was not harmful to the economy. And yes, the economy we have today is much different. I’m not even suggesting that their tax rate be that high. It just has to be a lot different from now based on deductions and loopholes. 2/3 of corporations don’t pay federal income tax because of what they can take advantage of on the tax code. Meanwhile, the poor and middle class class end up paying higher effective tax rates because they don’t get those same generous deductions.
As was already pointed out, very few paid this 91% you speak of. The average for the top 1% was about 42% compared to about 37% today when you figure in all income taxes including state and city.
Taxes on the Rich Were Not Much Higher in the 1950s - Tax Foundation
So riddle me this: If 87% of taxes paid by the top 20% are not enough, what should they be paying?
Okay so now you’re flipping back to this narrative of 87% when you already acknowledged that rich people have generous deductions. That doesn’t make sense.
As the article points out, with or without deductions, they are not paying that much less today than 65 years ago. With the current deductions, the top 20% are still paying 87% of all collected income taxes.
this was 4 years ago.
current numbers here
If a group pays X percent of all taxes, its because they earn X percent of all income.
Which is how the left has brainwashed you.
There is no such thing as "the wealth." That's because money is infinite in our country. You have been led to believe the theory that the reason some have too little is because others have too much. A lie.
The reason some have too little is due to irresponsible decisions and behavior, lack of education, social programs, general laziness, recreational narcotics, prison time. It has nothing to do with the wealthy.
If money were finite as the Democrats brainwashed you into believing, then if I went and asked my boss for a raise, he would tell me he'd love to give me one, but he can't because the rich have all the money. Or if I went for a car loan, the bank would tell me in spite of my fantastic credit, they don't have the money to loan because the rich have it all.
In this country, you can make as much as you want or little as you want, but it's all up to you, not the rich people.
Only relevant whether labor is infinite or finite. Since money can only be used for labor, only labor availability is relevant.percentage of taxes of a group has to go along with percentage of total income earned by that same group, i.e:Um no I didn’t. They didnt have nearly the same tax code we have now. When I talk about deductions, I am talking about now.As was already pointed out, very few paid this 91% you speak of. The average for the top 1% was about 42% compared to about 37% today when you figure in all income taxes including state and city.
Taxes on the Rich Were Not Much Higher in the 1950s - Tax Foundation
So riddle me this: If 87% of taxes paid by the top 20% are not enough, what should they be paying?
Okay so now you’re flipping back to this narrative of 87% when you already acknowledged that rich people have generous deductions. That doesn’t make sense.
As the article points out, with or without deductions, they are not paying that much less today than 65 years ago. With the current deductions, the top 20% are still paying 87% of all collected income taxes.
this was 4 years ago.
current numbers here
If a group pays X percent of all taxes, its because they earn X percent of all income.
Which is how the left has brainwashed you.
There is no such thing as "the wealth." That's because money is infinite in our country. You have been led to believe the theory that the reason some have too little is because others have too much. A lie.
The reason some have too little is due to irresponsible decisions and behavior, lack of education, social programs, general laziness, recreational narcotics, prison time. It has nothing to do with the wealthy.
If money were finite as the Democrats brainwashed you into believing, then if I went and asked my boss for a raise, he would tell me he'd love to give me one, but he can't because the rich have all the money. Or if I went for a car loan, the bank would tell me in spite of my fantastic credit, they don't have the money to loan because the rich have it all.
In this country, you can make as much as you want or little as you want, but it's all up to you, not the rich people.
Trump hasnt done a thing for average americans. And we're growing more slowly than any time since the great depression.
who wants to have kids when they’re going to experience the end of the human species while our POTUS tweets about “oranges of the investigation?”
I was at income equality with my neighbor, then he won the lottery, my life is now ruined!He was only right about one matter. CEOs make too much and they do so because of their connections to Washington (my ad lib). Otherwise he is a whacky hypocrite as he is a millionaire himself. Profiting from his fame.
What does a salary of a CEO have to do with Washington? They don't pay the CEO's.
