A challenge for the "Tax the rich more" crowd.

[Nostra]

"Rich" is having $200T of wealth, that is the upper half
View attachment 1227145

Current numbers below, but we need to balance the budget and start paying down the $39T debt.
So the wealthy need to pay more, or the Budget needs to be cut.
View attachment 1227147

So you have no answer.

 

[kyzr]

So you have no answer.

You refuse to acknowledge the answer.

 

[Nostra]

You refuse to acknowledge the answer.

You plugged in today’s numbers that I already posted, but whine and cry like a ***** that they re too low for the rich.

You have done nothing beyond dodge, dumbass.

 

[kyzr]

You plugged in today’s numbers that I already posted, but whine and cry like a ***** that they re too low for the rich.
You have done nothing beyond dodge, dumbass.

I answered your challenge dumbo. But income taxes are only part of the solution to the $39T National Debt problem.

The wealthy have $200T.

We need to start paying down the debt now, or interest will collapse the dollar. How much wealth is enough?

 

[M14 Shooter]

I answered your challenge dumbo. But income taxes are only part of the solution to the $39T National Debt problem.
The wealthy have $200T.

Problem is, without an amendment, the federal government can't tax wealth, only income.

 

[Nostra]

I answered your challenge dumbo. But income taxes are only part of the solution to the $39T National Debt problem.

The wealthy have $200T.

We need to start paying down the debt now, or interest will collapse the dollar. How much wealth is enough?

The wealthy have $200T?

Link?

I found different numbers.

In 2023, 97.5% of all net worth —totaling $139.4 trillion — was owned by the 50% of Americans with above-average net worth. The remaining 167 million Americans owned about 2.6% — or $3.6 trillion.

Wealth of the American 1% and the rest of the US | USAFacts

As of 2023, the top 1% of American households owned 30 cents of every dollar.

usafacts.org

 

[Nostra]

The wealthy have $200T?

Link?

I found different numbers.

In 2023, 97.5% of all net worth —totaling $139.4 trillion — was owned by the 50% of Americans with above-average net worth. The remaining 167 million Americans owned about 2.6% — or $3.6 trillion.

Wealth of the American 1% and the rest of the US | USAFacts

As of 2023, the top 1% of American households owned 30 cents of every dollar.

usafacts.org

: crickets: from kyzr

 

[kyzr]

The wealthy have $200T? Link?
I found different numbers.
In 2023, 97.5% of all net worth —totaling $139.4 trillion — was owned by the 50% of Americans with above-average net worth. The remaining 167 million Americans owned about 2.6% — or $3.6 trillion.

I have a CBO link;

Trends in the Distribution of Family Wealth, 1989 to 2022

CBO examines changes in family wealth from 1989 to 2022 using a measure of wealth that includes projected Social Security benefits. Over that period, family wealth was unevenly distributed, and wealth inequality increased.

www.cbo.gov

 

[Nostra]

I have a CBO link;

Trends in the Distribution of Family Wealth, 1989 to 2022

CBO examines changes in family wealth from 1989 to 2022 using a measure of wealth that includes projected Social Security benefits. Over that period, family wealth was unevenly distributed, and wealth inequality increased.

www.cbo.gov

View attachment 1227665

Your graph: Top 10% own $119 Trillion, so thanks for proving you are a liar.

Also from your link...........total wealth for everyone is $199 Trillion.


So your numbers prove you are a liar, again.


Total Wealth. Adjusted for inflation, the wealth held by families in the United States almost quadrupled between 1989 and 2022, rising from $52 trillion (in 2022 dollars) to $199 trillion,

 

[M14 Shooter]

I have a CBO link;

And you read the graph wrong.
TOTAL wealth is about $200T, the top 10% have about 70% of that.

 

[kyzr]

Your graph: Top 10% own $119 Trillion, so thanks for proving you are a liar.

Your post #206 is for the upper 50% dumbo, as of 2023.

Also from your link...........total wealth for everyone is $199 Trillion.
So your numbers prove you are a liar, again.
Total Wealth. Adjusted for inflation, the wealth held by families in the United States almost quadrupled between 1989 and 2022, rising from $52 trillion (in 2022 dollars) to $199 trillion,

Keep reading my CBO link dumbo...
Families in the bottom half hold 6% of the wealth, as of 2022, the upper half holds 94% or $187T, my CBO numbers are still more accurate than your 2023 numbers. I'm sure that total wealth was gained from 2022 to 2023. My $200T is more accurate.

You do better debating democrats. Don't you get tired of being proven wrong?

 

[Nostra]

Your post #206 is for the upper 50% dumbo, as of 2023.

Keep reading my CBO link dumbo...
Families in the bottom half hold 6% of the wealth, as of 2022, the upper half holds 94% or $187T, my CBO numbers are still more accurate than your 2023 numbers. I'm sure that total wealth was gained from 2022 to 2023. My $200T is more accurate.

You do better debating democrats. Don't you get tired of being proven wrong?

So you think anyone above the 50% income threshold is RICH and should have their taxes raised.

Got it.

And you still had to make up numbers to try to get up to your lie. You failed, despite saying half the country is THE EVIL RICH who don’t pay their fair share.

Seriously, give up Dumbass. You are stupid and have zero math skills. And a congenital liar. That’s a bad combo, Mojimbo.

 

[Nostra]

Your post #206 is for the upper 50% dumbo, as of 2023.

Keep reading my CBO link dumbo...
Families in the bottom half hold 6% of the wealth, as of 2022, the upper half holds 94% or $187T, my CBO numbers are still more accurate than your 2023 numbers. I'm sure that total wealth was gained from 2022 to 2023. My $200T is more accurate.

You do better debating democrats. Don't you get tired of being proven wrong?

Median household income is $81,000. So Math Genius here calls that RICH, and wants to raise your taxes.

 

[Nostra]

Your post #206 is for the upper 50% dumbo, as of 2023.

Keep reading my CBO link dumbo...
Families in the bottom half hold 6% of the wealth, as of 2022, the upper half holds 94% or $187T, my CBO numbers are still more accurate than your 2023 numbers. I'm sure that total wealth was gained from 2022 to 2023. My $200T is more accurate.

You do better debating democrats. Don't you get tired of being proven wrong?

Avg household income is $66,000. Is that where you want taxes to go up on the evil rich?

 

[kyzr]

So you think anyone above the 50% income threshold is RICH and should have their taxes raised. Got it.

Someone needs to start paying down the $39T national debt. The bottom half can't do it, so yes, the upper 50% needs to, on a progressive scale, so the upper crust pays more than the median or average incomes.

And you still had to make up numbers to try to get up to your lie. You failed, despite saying half the country is THE EVIL RICH who don’t pay their fair share.
Seriously, give up Dumbass. You are stupid and have zero math skills. And a congenital liar. That’s a bad combo, Mojimbo.

I did not make up any numbers.
Total wealth as of 2022 was $199T per the CBO, 6% was the lower half, the rest is simple math.

 

[Nostra]

I did not make up any numbers.
Total wealth as of 2022 was $199T per the CBO, 6% was the lower half, the rest is simple math.

Sure you did, right here:

So the wealthy have $200T in wealth, the bottom half of incomes have nothing

kyzr

 

[Nostra]

Nobody can fill in the blanks in the OP to let us know how taxing the EVIL RICH more will eliminate the deficit and pay off the debt.

One might conclude it is nothing more than a Dimtard talking point with zero evidence the idiots here parrot.

Anyone?

Bueller




Bueller







How much? Give is some numbers:

The top 1% should pay _____% of the total income taxes.

The top 10% should pay _____% of the total income taxes.

The top 50 should pay _____% of the total income taxes.

 

[Admiral Rockwell Tory]

The SS early retirement age of 62 needs to be removed since Medicare kicks in at 65.
The full retirement age should stay 67. Most people can't work that long.

Early retirement reduces the benefits, so you are probably not saving much in the long term because it never returns to full retirement levels.

I left my job at age 61 because of health reasons, but I could not retire early on SS until I was 62. At that time, I applied for disability and it was granted 16 months after the fact. Disability is the same as your full retirement at 67 for me.

 

[task0778]

These days we do not have a balanced budget, and until we do that there is no point in raising taxes cuz all that does is allow Congress to spend more money. And that requires less spending, no ifs, ands, or buts. You can tax the rich more and more but that will not affect the national debt until the federal gov't stops spending more than they take in. Too many morons think we can just print or create more money; newsflash, that has never worked. It could be a small part of the solution if managed well. But I see no signs of that happening anytime soon.

Right now the annual deficits approach $2 trillion each year. Anybody who believes we can raise taxes that much on the rich or anybody else for that matter, is stark raving nuts. Some people believe the US is heading into a recession or at best an economic slowdown similar to the Obama years. We're gonna have to face the debt problem sooner or later, and that problem grows larger with every passing day.

 

[struth]

No.You still have the same tax brackets but you pay the same tax on all income.

Meaning that I go to work, come home, and there is a dividend check in my mail box. I paid the same tax on my wages that I pay on my dividend. Whatever my tax rate is...I pay the same.

Bill gates goes to work and comes home and has a divided check in his mail box. He pays the same tax on his salary that he pays on his dividend income.


Social security is deducted from my check at the same rate throughout the year. They stop deducting from some person’s checks after she or he reaches $135K or thereabouts. That needs to change.

Dividend income is suppose to be reported with your overall income and taxes the same already

The fact you didn’t know that is why you shouldn’t be talking about tax policy

You are confusing dividend income with long term cap gains, they aren’t the same

As far as SS what’s truly unfair is that people getting a w-2 get a break, as their employer pays half of the tax, that needs to stop, you all should. Be on the hook for it all