Bobby's big mad! He has just found out. (NYC)

[Crepitus]

Explain how a 15% flat tax rate is less progressive than the millionaires like John Kerry paying 13%?


"In 2004, John Kerry and his wife released portions of their separate tax returns that showed the couple paid an effective federal tax rate of about 13 percent on $5.5 million in income from the year before. (At first, Kerry only released his own tax return. He later released the first two pages of the tax return of his millionaire wife, Teresa Heinz.) "

Mitt Romney’s not the only 15 percenter: John Kerry paid 13 percent in taxes in 2003

Mitt Romney acknowledged yesterday that his tax rate is probably about 15 percent--lower than what many high-income families pay. Romney, whose net worth is estimated to be between $200 and $250 milli...

www.yahoo.com

Read post #49 above. It's in there.

 

[DonGlock26]

Read post #49 above. It's in there.

Your flight is noted.

 

[Toddsterpatriot]

As usual, you seem to have missed the entire point.

The point is, paying the same rates is equal.

 

[Crepitus]

Your flight is noted.

Didja read it?

 

[Crepitus]

The point is, paying the same rates is equal.

Nope.

 

[Toddsterpatriot]

Nope.

If you make half as much, you pay half the tax and have half as much left over.

Sounds equal to me.

 

[DonGlock26]

Didja read it?

Read this:

15% > 13%

 

[ThisIsMe]

Well that let's me out.

I want to tax people so that they pay roughly the same amount of taxes, as a percentage of their total tax burden. Regardless of socioeconomic status. That means factoring in all taxes:

• Federal Income Tax
• State Income Tax
• State Sales Tax
• Real Property Taxes (Real Estate)
• Personal Property Taxes
• FICA Taxes
• Embedded Taxes (as an example the state/federal tax embedded in a gallong of fuel

WW

why not just a flat tax?

 

[Crepitus]

Read this:

15% > 13%

So no?

 

[DonGlock26]

So no?

I did.

15% > 13%

 

[Mack The Finger]

The NRA should pay Alec Baldwin's taxes...look at all the publicity and new members he brought in. It is sad that woman lost her life but taught if you see a idiot flashing a gun...LEAVE !

No one is dead...so this one is comical that this guy thinks he is still doing a scene in a movie. I'm sure his whole life has become one big movie.

 

[WorldWatcher]

why not just a flat tax?

Hypotheitically, I'd be fine with that.

Combien all Federal, State, Local taxes into a single tax and pay a flat rate.

But that's not what you are asking is it, you really asking why not a flat tax for just the Federal Income Tax?

Which as other have pointed out are considered regressive because of the impact on low income persons and the requirement to spend more money on essentials while the wealthy retain disposable income for luxuries.

Take for example a flat tax of 10%.

Someone making $25,000 pays a tax of $2,500. That leaves $22,500 per year for food, clothing, housing, medical care.

Compared to someone making $250,000 a year. That individual pays pays $25,000 in tax with $225,000 left over to cover essentials.

Flat taxes become even more regressive when examined in terms of total tax burden as a function of socioeconomic status with lower income individuals having an Effective Tax Rate as a percentage of income well above the "Flat Tax" rate. Such taxes include:

• Federal Income Tax
• State Income Tax
• State Sales Tax
• Real Property Taxes (Real Estate)
• Personal Property Taxes
• FICA Taxes
• Embedded Taxes (as an example the state/federal tax embedded in a gallong of fuel

WW

 

[Toddsterpatriot]

Take for example a flat tax of 10%.

Someone making $25,000 pays a tax of $2,500. That leaves $22,500 per year for food, clothing, housing, medical care.

Compared to someone making $250,000 a year. That individual pays pays $25,000 in tax with $225,000 left over to cover essentials.

The guy who makes 10X the income pays 10X the taxes.

Sounds fair.

 

[WorldWatcher]

The guy who makes 10X the income pays 10X the taxes.

Sounds fair.

I'm sure it does, but when it gets thought through its really just a bumper sticker.

WW

 

[Toddsterpatriot]

I'm sure it does, but when it gets thought through its really just a bumper sticker.

WW

Right, because leftists would rather whine, incorrectly, about rich people paying a lower rate.

 

[g5000]

Robert DeNiro thinks that taxes are to be paid by the other guy.
Bobby thinks he should get some sort of an exemption because of who he is. Sorry, it doesn't work that way. You voted for it. Or if you voted for Cuomo, your party still allowed a system that nominated an Islamic Marxist. FAFO.

How come you morons never read your own links?

"This post was labeled as Satire".

 

[WorldWatcher]

Right, because leftists would rather whine, incorrectly, about rich people paying a lower rate.

That's because as a percentage of income of total effective tax burden, the wealthy typically do a pay a lower rate when all taxes (previously listed) are factored in.

WW

 

[DonGlock26]

Hypotheitically, I'd be fine with that.

Combien all Federal, State, Local taxes into a single tax and pay a flat rate.

But that's not what you are asking is it, you really asking why not a flat tax for just the Federal Income Tax?

Which as other have pointed out are considered regressive because of the impact on low income persons and the requirement to spend more money on essentials while the wealthy retain disposable income for luxuries.

Take for example a flat tax of 10%.

Someone making $25,000 pays a tax of $2,500. That leaves $22,500 per year for food, clothing, housing, medical care.

Compared to someone making $250,000 a year. That individual pays pays $25,000 in tax with $225,000 left over to cover essentials.

Flat taxes become even more regressive when examined in terms of total tax burden as a function of socioeconomic status with lower income individuals having an Effective Tax Rate as a percentage of income well above the "Flat Tax" rate. Such taxes include:

• Federal Income Tax
• State Income Tax
• State Sales Tax
• Real Property Taxes (Real Estate)
• Personal Property Taxes
• FICA Taxes
• Embedded Taxes (as an example the state/federal tax embedded in a gallong of fuel

WW

Perhaps, the people making $25,000 would demand a small gov't and demand a flat tax of 5% cutting their tax burden in half.

 

[g5000]

The best part of this hoax is that the originator on Instagram said at the end of his post, "You can't make this up! "

He also put this S-for-SATIRE label on the photo of De Niro which the X poster deliberately cropped:

[


You can't ever expect a MAGA to be honest, folks.

 

[DonGlock26]

I'm sure it does, but when it gets thought through its really just a bumper sticker.

WW

How about a national sales tax rather than an income tax with no tax on food and healthcare/medicine?
If a rich person buys a mansion for 6 million, they pay 900,000 (15%).