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21 Millionaires In Congress Helped 25 Billionaires Pay Almost Nothing In Taxes
- Thread starter skews13
- Start date
- Jan 8, 2011
- 65,657
- 34,866
- 2,605
I know you think our corrupt tax system is funny. Just more proof you’re a fool.Yeah it’s whining when complaining about a failed system, to a dumb con like you.I don't think we should change the system, based only on your ignorant whining.You thinking a system that benefits the wealthy is peachy keen, is foolish. Typical con thinking.It is awful. Why do you defend a system that benefits the ultra wealthy?724 ultra wealthy paying little to nothing in income tax.
Sounds awful!
How much income did they have?
You're whining about the wealthy paying too little income tax.....but don't know their income?
What else are you going to ignorantly whine about?
Even if it benefits the rich.
Even if it hurtz your feelz.
View attachment 500139
Show me on this doll where the billionaires touched you..........
I know you think our corrupt tax system is funny. Just more proof you’re a fool.Yeah it’s whining when complaining about a failed system, to a dumb con like you.I don't think we should change the system, based only on your ignorant whining.You thinking a system that benefits the wealthy is peachy keen, is foolish. Typical con thinking.It is awful. Why do you defend a system that benefits the ultra wealthy?724 ultra wealthy paying little to nothing in income tax.
Sounds awful!
How much income did they have?
You're whining about the wealthy paying too little income tax.....but don't know their income?
What else are you going to ignorantly whine about?
Even if it benefits the rich.
Even if it hurtz your feelz.
View attachment 500139
Show me on this doll where the billionaires touched you..........
I think your ignorant whining is funny.
- Jan 8, 2011
- 65,657
- 34,866
- 2,605
More evidence.I know you think our corrupt tax system is funny. Just more proof you’re a fool.Yeah it’s whining when complaining about a failed system, to a dumb con like you.I don't think we should change the system, based only on your ignorant whining.You thinking a system that benefits the wealthy is peachy keen, is foolish. Typical con thinking.It is awful. Why do you defend a system that benefits the ultra wealthy?724 ultra wealthy paying little to nothing in income tax.
Sounds awful!
How much income did they have?
You're whining about the wealthy paying too little income tax.....but don't know their income?
What else are you going to ignorantly whine about?
Even if it benefits the rich.
Even if it hurtz your feelz.
View attachment 500139
Show me on this doll where the billionaires touched you..........
I think your ignorant whining is funny.
- Mar 7, 2014
- 45,273
- 9,223
- 2,030
Compared to the corrupt system we have today, a flat tax would be a considerable improvement. The system we have now allows the ultra rich to pay little to nothing in income taxes but don’t tell cons this. They get furiousNobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.www.propublica.org
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
The problem with a flat tax is that the rich would STILL find ways to not pay anything.
- Mar 7, 2014
- 45,273
- 9,223
- 2,030
So, treating everyone the exact same way isn't fair.Nobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
Got it.
Is it fair?
If I go to the supermarket and guy a steak and you buy a pack of candy, should both people pay the same?
- Jan 8, 2011
- 65,657
- 34,866
- 2,605
With the help of our politicians and government.Compared to the corrupt system we have today, a flat tax would be a considerable improvement. The system we have now allows the ultra rich to pay little to nothing in income taxes but don’t tell cons this. They get furiousNobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
The problem with a flat tax is that the rich would STILL find ways to not pay anything.
- Mar 7, 2014
- 45,273
- 9,223
- 2,030
With the help of our politicians and government.Compared to the corrupt system we have today, a flat tax would be a considerable improvement. The system we have now allows the ultra rich to pay little to nothing in income taxes but don’t tell cons this. They get furiousNobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
The problem with a flat tax is that the rich would STILL find ways to not pay anything.
Exactly.
So what needs to change? The politicians and government.
Proportional Representation is the change needed.
- Mar 7, 2014
- 45,273
- 9,223
- 2,030
The rich don't get that way playing by the rules. More Americans are figuring it out.
They're really not
- Jan 8, 2011
- 65,657
- 34,866
- 2,605
That would help but we need much more. We need term limits, public funding of campaigns and any private funding made illegal, the ultra wealthy must pay high taxes on their wealth, complete termination of foreign interventions, drastic cuts in the war budget, termination of the CIA and NSA, release of all nonviolent prisoners, total reform of the justice system and law enforcement.With the help of our politicians and government.Compared to the corrupt system we have today, a flat tax would be a considerable improvement. The system we have now allows the ultra rich to pay little to nothing in income taxes but don’t tell cons this. They get furiousNobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
The problem with a flat tax is that the rich would STILL find ways to not pay anything.
Exactly.
So what needs to change? The politicians and government.
Proportional Representation is the change needed.
However none of this will occur.
That would help but we need much more. We need term limits, public funding of campaigns and any private funding made illegal, the ultra wealthy must pay high taxes on their wealth, complete termination of foreign interventions, drastic cuts in the war budget, termination of the CIA and NSA, release of all nonviolent prisoners, total reform of the justice system and law enforcement.With the help of our politicians and government.Compared to the corrupt system we have today, a flat tax would be a considerable improvement. The system we have now allows the ultra rich to pay little to nothing in income taxes but don’t tell cons this. They get furiousNobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
The problem with a flat tax is that the rich would STILL find ways to not pay anything.
Exactly.
So what needs to change? The politicians and government.
Proportional Representation is the change needed.
However none of this will occur.
We need term limits,
Yes!!!
public funding of campaigns and any private funding made illegal,
And eliminate free speech! Can't have the wrong people talking about the wrong candidate.
the ultra wealthy must pay high taxes on their wealth
How wealthy? How much? How often?
- Mar 7, 2014
- 45,273
- 9,223
- 2,030
That would help but we need much more. We need term limits, public funding of campaigns and any private funding made illegal, the ultra wealthy must pay high taxes on their wealth, complete termination of foreign interventions, drastic cuts in the war budget, termination of the CIA and NSA, release of all nonviolent prisoners, total reform of the justice system and law enforcement.With the help of our politicians and government.Compared to the corrupt system we have today, a flat tax would be a considerable improvement. The system we have now allows the ultra rich to pay little to nothing in income taxes but don’t tell cons this. They get furiousNobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
The problem with a flat tax is that the rich would STILL find ways to not pay anything.
Exactly.
So what needs to change? The politicians and government.
Proportional Representation is the change needed.
However none of this will occur.
The reality is with PR you wouldn't need term limits, and everything else would come along because THE PEOPLE would be in charge of the country and not the rich.
Least corrupt countries in the world use PR.
Nostra
Diamond Member
- Oct 7, 2019
- 62,897
- 53,986
- 3,615
How? No deductions.........every dollar in income is paid at the same rate by everyone.Compared to the corrupt system we have today, a flat tax would be a considerable improvement. The system we have now allows the ultra rich to pay little to nothing in income taxes but don’t tell cons this. They get furiousNobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
The problem with a flat tax is that the rich would STILL find ways to not pay anything.
Nostra
Diamond Member
- Oct 7, 2019
- 62,897
- 53,986
- 3,615
WTF are you babbling about? Wanna try a coherent post for once?So, treating everyone the exact same way isn't fair.Nobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
Got it.
Is it fair?
If I go to the supermarket and guy a steak and you buy a pack of candy, should both people pay the same?
Nostra
Diamond Member
- Oct 7, 2019
- 62,897
- 53,986
- 3,615
You clowns are a hoot.The rich don't get that way playing by the rules. More Americans are figuring it out.
They're really not
For pages you claim the rich are getting rich because the rules are in their favor................now you claim they are rich because they don't play by the rules.
- Mar 7, 2014
- 45,273
- 9,223
- 2,030
How? No deductions.........every dollar in income is paid at the same rate by everyone.Compared to the corrupt system we have today, a flat tax would be a considerable improvement. The system we have now allows the ultra rich to pay little to nothing in income taxes but don’t tell cons this. They get furiousNobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
The problem with a flat tax is that the rich would STILL find ways to not pay anything.
How, by getting things put into the law that would allow for that. They already do it, a flat tax isn't going to change that.
- Mar 7, 2014
- 45,273
- 9,223
- 2,030
WTF are you babbling about? Wanna try a coherent post for once?So, treating everyone the exact same way isn't fair.Nobody paid those higher tax brackets because there were a shit-ton of deductions.Propublica is out with another blockbuster story on the IRS and who isn't paying their taxes—25 billionaires, among the world's richest people, one of whom even manipulated the system so much he got a $4,000 tax credit for his children.
The consequences are stark. As of 2018, the 25 billionaires were collectively worth $1.1 trillion. It would require the combined wealth of 14.3 million regular wage earners to equal that. Those wage earners paid $143 billion in taxes in 2018. Those holding $1.1 trillion that year paid $1.9 billion. Here's the really frustrating part: "billionaires don’t have to evade taxes exotically and illicitly — they can avoid them routinely and legally." They hold their wealth in dividends, stocks, bonds, and other investments that are taxed at lower rates than wages.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
So wage earners should pay more in taxes than billionaires? 100 times more?
The US FPTP system just encourages rich people to control the US. Democracy? No, there's no democracy.
The most prosperous time has n America was between 1945-1980. The corporate, and upper tax brackets were much higher. We already have an historical record for low debt, middle class prosperity.
It isn’t any tax or regulatory policies after 1980.
Why not a flat tax? Everyone pays the same rate on every dollar earned.
What could be more "fair" than that?
A flat tax is inherently unfair because a poor person gets a lot less out of taxes than does a rich person (assuming they're working and paying their taxes).
Rich people use infrastructure, they use the military, they use the security, they use all kinds of things to allow them to get rich.
Got it.
Is it fair?
If I go to the supermarket and guy a steak and you buy a pack of candy, should both people pay the same?
I'm sorry you can't keep up with a simple conversation. You want it in crayon?
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