Hard Truths....What's Your Example?

[eagle1462010]

Be more specific. The top tier pays about 25% effective tax rates. They paid about 35% before 1980. They have had a reduction of about 1/3 of their tax burden by buying politicians and fooling dummies into believing a fair tax rate is for commies.

I said average revenue over time. We have had insane tax rates before but revenue doesnt move much past the average.

You do understand if you tax too much they simply stop investing, they hide their mobey, or MOVE somewhere else dont you?

 

[OhPleaseJustQuit]

Life doesn't owe you anything.

.

Number one lesson that not nearly enough people even begin to understand.

.

 

[eagle1462010]

Historically, U.S. federal revenue has averaged around 17% to 18% of GDP, fluctuating significantly with economic cycles, peaking near 20% during booms (like 2000) and dropping to roughly 14.5%-16% during recessions (like 2009-2010). Over the longer term (since 1968), it averaged closer to 18% of GDP, with major increases from the early 20th century income tax era, but generally staying within 15-20% of GDP for most of the late 20th and early 21st centuries.

Tax rates have varied during our hustory but Revenue stays betwenn 17 to 18% over hustory.

Given that the budget if the Fed should NEVER BE ABOVE THAT AVERAGE.

 

[Bitterhook]

I am 100% a democracy capitalist. I earn all my money from capitalism. Most of my trade is consumer products for God's sake. I am NOT for socialism or communism. You guys dont know what that is. Going back to 1945-1980 tax rates is dead ass ground zero of democracy and capitalism. The uber wealthy have you convinced that $1 of taxes more today on super wealthy people who are paying less taxes than ever is every -ism in the book: Communism, socialism, marxism, etc.

How is government driven wealth redistribution, not one of the 'isms' you mentioned?
How are taxation and government subsidies equivalent to capitalism or the free market?

Where did you get your degree; was it the Association for Retarded Children?

 

[eagle1462010]

How is government driven wealth redistribution, not one of the 'isms' you mentioned?
How are taxation and government subsidies equivalent to capitalism or the free market?

Where did you get your degree; was it the Association for Retarded Children?

It is CRONEY CAPITALUSM. GOVT. Picks the winners and losers via Corrupt Career Piliticians.

Most Career Politicians should be Tarred and Feathered for what they have done.

 

[Woodznutz]

That is exactly how we flew form Kittyhawk to the moon in 70 years with high taxes on the wealthy. If you did your own research you'd know that:

Before 1980 (post-WWII)

• Top marginal income tax rate: 70–91% (1940s–1970s)
• Capital gains: taxed close to ordinary income
• Estate taxes: strong and widely enforced

Result:

• Rapid economic growth
• Rising middle class
• Low wealth inequality by historical standards
• This period is often called the “Great Compression.”

After 1980 (we were already on the moon by then)

Reagan:

• Top marginal rate cut from 70% → 50%
• Capital gains taxes reduced

Bush:

• Top marginal rate cut from 50% → 28%
• Capital gains and dividends capped at 15%
• Estate tax weakened and temporarily repealed

Clinton:

• Top marginal rate raised from 28% → 39%

Trump:

• Top marginal rate cut from 39% → 37%
• Corporate tax rate slashed 35% → 21%
• Permanent corporate cuts
• Temporary individual cuts that became permanent

Now we have the top % owns everything a shrinking middle class and a brainwashed populace that thinks that the wealthy should not pay their fair share anymore because they have been fooled into believing that how we rain the US in its heyday in now communist, socialist, marxist or whatever ist they have been conned into believing.

The rich get rich because everyone who isn't rich keeps buying their products and services.

 

[Bitterhook]

It is CRONEY CAPITALUSM. GOVT. Picks the winners and losers via Corrupt Career Piliticians.

Most Career Politicians should be Tarred and Feathered for what they have done.

That's why I consistently express the idea we need to stop expecting or asking the government to fix what it consistently abuses and limit the power of the federal government to rob us blind based on the foolish notion they will provide us with the fairytale utopia so many desire.

 

[dblack]

I've never gotten a job from a poor person.

So we need to tax the the rich even more, right?

TANSTAAFL

 

[Woodznutz]

A quitter never wins.....~S~

And a winner never quits.

 

[Woodznutz]

You have much more time than you think.

 

[Bitterhook]

The rich get rich because everyone who isn't rich keeps buying their products and services.

That, and it is just easier to put your money to work for you when you have some money to start with.

The saying the 'rich get richer' is no quantum leap in logic, and more of a no brainer.
It gained traction with the poor as a grievance through Marxism, Critical Theory and Class Warfare.

 

[Woodznutz]

The average American gives 2% of their earning to Charity.

• Conservatives give 1.0% to Charity and 1.2% to Churches.
• Liberals give 1.6% to Charity and 0.4% to Churches.

And nearly 20 percent of our state and federal taxes go to social programs.

 

[Woodznutz]

That, and it is just easier to put your money to work for you when you have some money to start with.

Unless you inherit it most start at the beginning, with a job. Life isn't a monopoly game where you are given money to start. However, everyone starts out with the same amount of time. How that time is used determines how successful you will be.

 

[Bitterhook]

And nearly 20 percent of our state and federal taxes go to social programs.

Which allows some to believe they are good and charitable people by simply casting a ballot on election day, which is just an example of false altruism. Of course, it is not the only issue people believe they have been responsible in regard to just because they kicked to the can up to Capitol Hill.

 

[Bitterhook]

Unless you inherit it most start at the beginning, with a job. Life isn't a monopoly game where you are given money to start. However, everyone starts out with the same amount of time. How that time is used determines how successful you will be.

Well yeah, and to amass some wealth while working, especially enough to embrace the investing class with vigor, will require some sacrifices and risks. We still should not reward those who make those sacrifices or take those risks with a greater burden than those who sit around doing neither and want to pretend they are owed the same.

 

[Foxfyre]

Many people have been employed by a poor person.

7 Entrepreneurs Who Were Broke When They Started

Take a cue from these seven sets of entrepreneurs who were totally broke when they started out.

www.ignitespot.com

People who started out poor but were innovative or gutsy enough to take risks to work themselves out of poverty are not the people being referenced by the other member. Many, if not most rich people started out as anything other than 'rich.' I don't expect a leftist to understand the difference though.

 

[pknopp]

People who started out poor but were innovative or gutsy enough to take risks to work themselves out of poverty are not the people being referenced by the other member. Many, if not most rich people started out as anything other than 'rich.' I don't expect a leftist to understand the difference though.

"Well, I didn't actually mean what I actually said". Lol

 

[citygator]

I am not adamant about moving the wealth anywhere, because I am not going to grant the government that has consistently failed to provide either of us with what we want, the power to screw it up some more.

You don't understand me, because you ar3e a fool with fairytale desires and dreams.

Come on dude. We are the most successful nation in the world that is indisputable. What is debatable is who is prospering. It's not nirvana, kumbaya, heaven wishing to want some basic shifts in the funding of the government a bit more on the wealthy and to use the funds to ensure we have the poor fed, housed and access to healthcare, and the working class with affordable housing, affordable day care, affordable healthcare, and affordable education. None of that is crazy. Its basic tenets of an advanced society.

 

[citygator]

Yet, your party ushers in massive and unsustainable levels of immigration to provide cheap labor for some while putting others on the dole to increase the tax burden on those of us who do work.

No one is getting into the middle class with an immigrants job. What exactly are you saying? That people would have better jobs in the fields than they are doing today?

 

[citygator]

I said average revenue over time. We have had insane tax rates before but revenue doesnt move much past the average.

You do understand if you tax too much they simply stop investing, they hide their mobey, or MOVE somewhere else dont you?

Explain to me why we grew fastest 1945-1980 with a more fair tax rate that had higher tax rates on the wealthy. People still were here because its the best economy in the world. You have the wealthy convincing you that normal rates they paid for decades while we had less debt was worse than the abnormally low rates they are paying now and running huge deficits. Its crazy that you cant see that.