Companies do not pay taxes

[Rshermr]

That's a function of income distribution and not marginal rates. Best you look into it before thinking you know what you're talking about.

but ours is the most progressive in the world in that we depend on revenue more from the top 1% than any other country. Stealing investment capital from our most productive people obviously harms the economy!

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

However, for the last 1/3 century, the reduction in progressive rates has created a more dual society, in which income is trending to highest-bracket earners in near historic degrees. So the bulk of the tax burden accruing to them is a function of them making most of the money, with less taxable income being distributed to the middle class.

Raise rates on the middle class, and the dynamic will not change. The top 10% simply have too much of the income, now.

Good post. Accurate. And you kept it simple, so that even a sixth grader could understand. But it will be way over eds head.

 

[akelch]

but ours is the most progressive in the world in that we depend on revenue more from the top 1% than any other country. Stealing investment capital from our most productive people obviously harms the economy!

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

However, for the last 1/3 century, the reduction in progressive rates has created a more dual society, in which income is trending to highest-bracket earners in near historic degrees. So the bulk of the tax burden accruing to them is a function of them making most of the money, with less taxable income being distributed to the middle class.

Raise rates on the middle class, and the dynamic will not change. The top 10% simply have too much of the income, now.

Good post. Accurate. And you kept it simple, so that even a sixth grader could understand. But it will be way over eds head.

So what is the point of taxes? Is it to raise revenue for the government or for social justice?
If the current tax structure (progressive income tax) made the gap between the rich and poor even wider, would you still support it?

What about a tax structure is the most important part? What are your priorities?

Raising revenue
Social justice
Equal treatment
Economic impact
Cost if administrating

 

[Koios]

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

However, for the last 1/3 century, the reduction in progressive rates has created a more dual society, in which income is trending to highest-bracket earners in near historic degrees. So the bulk of the tax burden accruing to them is a function of them making most of the money, with less taxable income being distributed to the middle class.

Raise rates on the middle class, and the dynamic will not change. The top 10% simply have too much of the income, now.

Good post. Accurate. And you kept it simple, so that even a sixth grader could understand. But it will be way over eds head.

So what is the point of taxes? Is it to raise revenue for the government or for social justice?
If the current tax structure (progressive income tax) made the gap between the rich and poor even wider, would you still support it?

What about a tax structure is the most important part? What are your priorities?

Raising revenue
Social justice*
Equal treatment
Economic impact*
Cost if administrating

Taxes raise revenue, to fund a functioning government. However, more recently we bought into pseudo-economic bullshit (Supply-Side/Trickle-Down) and have bought into the delusion that some magical percentages will deliver some kind of economic nirvana, which by now should be rejected by all, since it's been an unmitigated failure.

Post WWII was a different zeitgeist. Folks sacrificed a lot to subdue the Axis Powers, and had a greater sense of duty to the nation, including politicians on both side of the aisle, even in the very politically polarizing McCarthy Era. Taxes were raised as needed, to create revenue sufficient to needs and debt-reduction. In fact, the rates were adjusted almost yearly, keeping revenue high while not slowing the post-war economic expansion. And it worked quite nicely, nearly eliminating all debt.

*But another benefit was identified: social and economic benefits, which economists now refer to as "redistributive effect." RE redistributes money through the economy, at highly-beneficial points with significant monetary velocity, creating exploding economic growth. Also, by sufficiently funding and even adding, and not cutting, programs that benefit the middle class, we also created an exploding sector, which became known as the Great American Middle Class.

So while revenue is the cake, social and economic benefit is the icing. None too complicated.

But there's a rub, and rather ridiculous: while mostly in peace time, we now have debt which parallels post WWII as a percent of GDP (debt to income ratio, essentially). So while our debt problem is no more unfixable today than it was post-WWII, Clinton era rates (39.8% top bracket) simply are not sufficient, since debt is now more than double what it was during the Clinton era. A top bracket of 70%, or more, is likely what we'll need to reach the level of surplus required to pay down the debt. And C Corp profits and gains on income from Capital need to be taxed similarly, too.

We've simply been drinking from the trough of low taxes for too long (1/3rd century), and it's now dry. Raising rates significantly is our only option, to solve our problem. But the zeitgeist today seems less concerned about solving the problem, or having a duty to the country. So small increases to merely try to mitigate the sharp rise in borrowing are most likely what will happen.

 

[Rshermr]

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

However, for the last 1/3 century, the reduction in progressive rates has created a more dual society, in which income is trending to highest-bracket earners in near historic degrees. So the bulk of the tax burden accruing to them is a function of them making most of the money, with less taxable income being distributed to the middle class.

Raise rates on the middle class, and the dynamic will not change. The top 10% simply have too much of the income, now.

Good post. Accurate. And you kept it simple, so that even a sixth grader could understand. But it will be way over eds head.

So what is the point of taxes? Is it to raise revenue for the government or for social justice?
If the current tax structure (progressive income tax) made the gap between the rich and poor even wider, would you still support it?

What about a tax structure is the most important part? What are your priorities?

Raising revenue
Social justice
Equal treatment
Economic impact
Cost if administrating

Sorry, but the subject is somewhat complex and way over your head. I do not want to confuse you. And anyway, you want to believe what you want to believe. You have no real interest in data, or truth.

 

[akelch]

Good post. Accurate. And you kept it simple, so that even a sixth grader could understand. But it will be way over eds head.

So what is the point of taxes? Is it to raise revenue for the government or for social justice?
If the current tax structure (progressive income tax) made the gap between the rich and poor even wider, would you still support it?

What about a tax structure is the most important part? What are your priorities?

Raising revenue
Social justice
Equal treatment
Economic impact
Cost if administrating

Sorry, but the subject is somewhat complex and way over your head. I do not want to confuse you. And anyway, you want to believe what you want to believe. You have no real interest in data, or truth.

Typical

 

[Gadawg73]

but ours is the most progressive in the world in that we depend on revenue more from the top 1% than any other country. Stealing investment capital from our most productive people obviously harms the economy!

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

However, for the last 1/3 century, the reduction in progressive rates has created a more dual society, in which income is trending to highest-bracket earners in near historic degrees. So the bulk of the tax burden accruing to them is a function of them making most of the money, with less taxable income being distributed to the middle class.

Raise rates on the middle class, and the dynamic will not change. The top 10% simply have too much of the income, now.

Good post. Accurate. And you kept it simple, so that even a sixth grader could understand. But it will be way over eds head.

No, his thesis that "wealth is distributed" is bogus.
Wealth is earned.
Never to be distributed.

 

[EdwardBaiamonte]

but ours is the most progressive in the world in that we depend on revenue more from the top 1% than any other country. Stealing investment capital from our most productive people obviously harms the economy!

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

However, for the last 1/3 century, the reduction in progressive rates has created a more dual society, in which income is trending to highest-bracket earners in near historic degrees. So the bulk of the tax burden accruing to them is a function of them making most of the money, with less taxable income being distributed to the middle class.

Raise rates on the middle class, and the dynamic will not change. The top 10% simply have too much of the income, now.

Good post. Accurate. And you kept it simple, so that even a sixth grader could understand. But it will be way over eds head.

Our top 1% pay 40% of all Federal income taxes. Our taxes are the most progressive in the world!!

America has industrialized world's most progressive income tax ...
Mar 24, 2011 ... America leads the world in many fields, but for those keeping score, the nation
apparently has yet another superlative to add to its column.
dailycaller.com/2011/03/24/america-has-industrialized-worlds-most-progressive-income-tax-says-the-tax-foundation/
U.S. Taxes Really Are Unusually Progressive - Clive Crook - The ...
Feb 10, 2012 ... She offended him by saying that America's income taxes are more progressive
than those of other rich countries. Chait assailed her "completely ...
U.S. Taxes Really Are Unusually Progressive - Clive Crook - The Atlantic
The Most Misleading Part of 'the 47%': Total U.S. Taxes Are Barely ...
Sep 18, 2012 ... We barely have a progressive tax system. People basically pay what they earn --
even the top 1 percent. How is this possible when 47 percent ...
The Most Misleading Part of 'the 47%': Total U.S. Taxes Are Barely Progressive - Matthew O'Brien - The Atlantic
News To Obama: The OECD Says the United States Has the Most ...
Oct 29, 2008 ... As Column 1 in the table below shows, the U.S. tax system is far more
progressive—meaning pro-poor—than similar systems in countries most ...
taxfoundation.org/blog/news-obama-oecd-says-united-states-has-most-progressive-tax-system
Taxation, American Style - Reason.com
Apr 16, 2012 ... Contrary to common belief, the American tax system is more progressive than
those of most industrialized democracies. A 2008 report by the ...
reason.com/archives/2012/04/16/taxation-american-style
Greg Mankiw's Blog: What nation has the most progressive tax ...
Mar 21, 2011 ... This brief post--really just a link to another blog--proved more ... So while the US
tax system is progressive and reduces inequality, the US ...
gregmankiw.blogspot.com/2011/03/what-nation-has-most-progressive-tax.html

 

[Koios]

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

However, for the last 1/3 century, the reduction in progressive rates has created a more dual society, in which income is trending to highest-bracket earners in near historic degrees. So the bulk of the tax burden accruing to them is a function of them making most of the money, with less taxable income being distributed to the middle class.

Raise rates on the middle class, and the dynamic will not change. The top 10% simply have too much of the income, now.

Good post. Accurate. And you kept it simple, so that even a sixth grader could understand. But it will be way over eds head.

Our top 1% pay 40% of all Federal income taxes. Our taxes are the most progressive in the world!!

America has industrialized world's most progressive income tax ...
Mar 24, 2011 ... America leads the world in many fields, but for those keeping score, the nation
apparently has yet another superlative to add to its column.
dailycaller.com/2011/03/24/america-has-industrialized-worlds-most-progressive-income-tax-says-the-tax-foundation/
U.S. Taxes Really Are Unusually Progressive - Clive Crook - The ...
Feb 10, 2012 ... She offended him by saying that America's income taxes are more progressive
than those of other rich countries. Chait assailed her "completely ...
U.S. Taxes Really Are Unusually Progressive - Clive Crook - The Atlantic
The Most Misleading Part of 'the 47%': Total U.S. Taxes Are Barely ...
Sep 18, 2012 ... We barely have a progressive tax system. People basically pay what they earn --
even the top 1 percent. How is this possible when 47 percent ...
The Most Misleading Part of 'the 47%': Total U.S. Taxes Are Barely Progressive - Matthew O'Brien - The Atlantic
News To Obama: The OECD Says the United States Has the Most ...
Oct 29, 2008 ... As Column 1 in the table below shows, the U.S. tax system is far more
progressive—meaning pro-poor—than similar systems in countries most ...
taxfoundation.org/blog/news-obama-oecd-says-united-states-has-most-progressive-tax-system
Taxation, American Style - Reason.com
Apr 16, 2012 ... Contrary to common belief, the American tax system is more progressive than
those of most industrialized democracies. A 2008 report by the ...
reason.com/archives/2012/04/16/taxation-american-style
Greg Mankiw's Blog: What nation has the most progressive tax ...
Mar 21, 2011 ... This brief post--really just a link to another blog--proved more ... So while the US
tax system is progressive and reduces inequality, the US ...
gregmankiw.blogspot.com/2011/03/what-nation-has-most-progressive-tax.html

Getting a little ahead of yourself there, Ed. It clearly said "sixth graders." Come back in five years and comment.

Jesus!

 

[EdwardBaiamonte]

Good post. Accurate. And you kept it simple, so that even a sixth grader could understand. But it will be way over eds head.

Our top 1% pay 40% of all Federal income taxes. Our taxes are the most progressive in the world!!

America has industrialized world's most progressive income tax ...
Mar 24, 2011 ... America leads the world in many fields, but for those keeping score, the nation
apparently has yet another superlative to add to its column.
dailycaller.com/2011/03/24/america-has-industrialized-worlds-most-progressive-income-tax-says-the-tax-foundation/
U.S. Taxes Really Are Unusually Progressive - Clive Crook - The ...
Feb 10, 2012 ... She offended him by saying that America's income taxes are more progressive
than those of other rich countries. Chait assailed her "completely ...
U.S. Taxes Really Are Unusually Progressive - Clive Crook - The Atlantic
The Most Misleading Part of 'the 47%': Total U.S. Taxes Are Barely ...
Sep 18, 2012 ... We barely have a progressive tax system. People basically pay what they earn --
even the top 1 percent. How is this possible when 47 percent ...
The Most Misleading Part of 'the 47%': Total U.S. Taxes Are Barely Progressive - Matthew O'Brien - The Atlantic
News To Obama: The OECD Says the United States Has the Most ...
Oct 29, 2008 ... As Column 1 in the table below shows, the U.S. tax system is far more
progressive—meaning pro-poor—than similar systems in countries most ...
taxfoundation.org/blog/news-obama-oecd-says-united-states-has-most-progressive-tax-system
Taxation, American Style - Reason.com
Apr 16, 2012 ... Contrary to common belief, the American tax system is more progressive than
those of most industrialized democracies. A 2008 report by the ...
reason.com/archives/2012/04/16/taxation-american-style
Greg Mankiw's Blog: What nation has the most progressive tax ...
Mar 21, 2011 ... This brief post--really just a link to another blog--proved more ... So while the US
tax system is progressive and reduces inequality, the US ...
gregmankiw.blogspot.com/2011/03/what-nation-has-most-progressive-tax.html

Getting a little ahead of yourself there, Ed. It clearly said "sixth graders." Come back in five years and comment.

Jesus!

typical liberal without IQ for substance turns to violent personal attack

 

[Koios]

Our top 1% pay 40% of all Federal income taxes. Our taxes are the most progressive in the world!!

America has industrialized world's most progressive income tax ...
Mar 24, 2011 ... America leads the world in many fields, but for those keeping score, the nation
apparently has yet another superlative to add to its column.
dailycaller.com/2011/03/24/america-has-industrialized-worlds-most-progressive-income-tax-says-the-tax-foundation/
U.S. Taxes Really Are Unusually Progressive - Clive Crook - The ...
Feb 10, 2012 ... She offended him by saying that America's income taxes are more progressive
than those of other rich countries. Chait assailed her "completely ...
U.S. Taxes Really Are Unusually Progressive - Clive Crook - The Atlantic
The Most Misleading Part of 'the 47%': Total U.S. Taxes Are Barely ...
Sep 18, 2012 ... We barely have a progressive tax system. People basically pay what they earn --
even the top 1 percent. How is this possible when 47 percent ...
The Most Misleading Part of 'the 47%': Total U.S. Taxes Are Barely Progressive - Matthew O'Brien - The Atlantic
News To Obama: The OECD Says the United States Has the Most ...
Oct 29, 2008 ... As Column 1 in the table below shows, the U.S. tax system is far more
progressive—meaning pro-poor—than similar systems in countries most ...
taxfoundation.org/blog/news-obama-oecd-says-united-states-has-most-progressive-tax-system
Taxation, American Style - Reason.com
Apr 16, 2012 ... Contrary to common belief, the American tax system is more progressive than
those of most industrialized democracies. A 2008 report by the ...
reason.com/archives/2012/04/16/taxation-american-style
Greg Mankiw's Blog: What nation has the most progressive tax ...
Mar 21, 2011 ... This brief post--really just a link to another blog--proved more ... So while the US
tax system is progressive and reduces inequality, the US ...
gregmankiw.blogspot.com/2011/03/what-nation-has-most-progressive-tax.html

Getting a little ahead of yourself there, Ed. It clearly said "sixth graders." Come back in five years and comment.

Jesus!

typical liberal without IQ for substance turns to violent personal attack

... and who has deja vu moment whilst sparring with Rightie dumbfuck with essentially three or four stupid ******* replies at most in his sub-80 IQ quiver, which he repeats ad nasseum.

 

[EdwardBaiamonte]

Getting a little ahead of yourself there, Ed. It clearly said "sixth graders." Come back in five years and comment.

Jesus!

typical liberal without IQ for substance turns to violent personal attack

... and who has deja vu moment whilst sparring with Rightie dumbfuck with essentially three or four stupid ******* replies at most in his sub-80 IQ quiver, which he repeats ad nasseum.

typical violent liberal without IQ for substance reduced to personal attack

 

[Koios]

typical liberal without IQ for substance turns to violent personal attack

... and who has deja vu moment whilst sparring with Rightie dumbfuck with essentially three or four stupid ******* replies at most in his sub-80 IQ quiver, which he repeats ad nasseum.

typical violent liberal without IQ for substance reduced to personal attack

Precisely

 

[EdwardBaiamonte]

... and who has deja vu moment whilst sparring with Rightie dumbfuck with essentially three or four stupid ******* replies at most in his sub-80 IQ quiver, which he repeats ad nasseum.

typical violent liberal without IQ for substance reduced to personal attack

Precisely

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

but ours are the most progressive in the world in that we depend on revenue more from the top 1% more than any other country. Stealing investment capital from our most productive people obviously harms the economy!

 

[Koios]

typical violent liberal without IQ for substance reduced to personal attack

Precisely

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

but ours are the most progressive in the world in that we depend on revenue more from the top 1% more than any other country. Stealing investment capital from our most productive people obviously harms the economy!

Let it go, Ed. We've heard it easily tens times already.

Over and out.

 

[EdwardBaiamonte]

Precisely

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

but ours are the most progressive in the world in that we depend on revenue more from the top 1% more than any other country. Stealing investment capital from our most productive people obviously harms the economy!

Let it go, Ed. We've heard it easily tens times already.

Over and out.

Why not admit you were brainwashed and so got a basic point dead wrong? Do you want to be a liberal all your life?

 

[Koios]

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

but ours are the most progressive in the world in that we depend on revenue more from the top 1% more than any other country. Stealing investment capital from our most productive people obviously harms the economy!

Let it go, Ed. We've heard it easily tens times already.

Over and out.

Why not admit you were brainwashed and so got a basic point dead wrong? Do you want to be a liberal all your life?

Yeah; I'm all of those things. That work for ya, Eddie? Gettin' a woody are ya?

Have a ball, you ******* imbecilic spawn of a vegetable garden.

 

[EdwardBaiamonte]

Let it go, Ed. We've heard it easily tens times already.

Over and out.

Why not admit you were brainwashed and so got a basic point dead wrong? Do you want to be a liberal all your life?

Yeah; I'm all of those things. That work for ya, Eddie? Gettin' a woody are ya?

Have a ball, you ******* imbecilic spawn of a vegetable garden.

typical violent liberal without IQ for substance

 

[Koios]

Why not admit you were brainwashed and so got a basic point dead wrong? Do you want to be a liberal all your life?

Yeah; I'm all of those things. That work for ya, Eddie? Gettin' a woody are ya?

Have a ball, you ******* imbecilic spawn of a vegetable garden.

typical violent liberal without IQ for substance

Really, Ed? Typical? Damn; I was going for originality. I guess I need to work on it some more.

Stay tuned.

 

[EdwardBaiamonte]

Yeah; I'm all of those things. That work for ya, Eddie? Gettin' a woody are ya?

Have a ball, you ******* imbecilic spawn of a vegetable garden.

typical violent liberal without IQ for substance

Really, Ed? Typical? Damn; I was going for originality. I guess I need to work on it some more.

Stay tuned.

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

Ed: but ours are the most progressive in the world in that we depend on revenue more from the top 1% more than any other country. Stealing investment capital from our most productive people obviously harms the economy!

 

[Koios]

typical violent liberal without IQ for substance

Really, Ed? Typical? Damn; I was going for originality. I guess I need to work on it some more.

Stay tuned.

Try to stay with me, Ed. Our policy (rates and brackets) are not the most progressive, by any means.

Ed: but ours are the most progressive in the world in that we depend on revenue more from the top 1% more than any other country. Stealing investment capital from our most productive people obviously harms the economy!

Cut it out, Ed. You paste that one more ******* time and I'm gonna give you some dishonorable mention here.