News from The Associated Press
"We have a situation where billionaires are paying less tax often than their cleaner or their secretary," Lawson told The Associated Press. "That's crazy."
No bed wetter, that's BULLSHIT.
Let's just for the sake of argument say that billionaires really don't pay taxes. Not a fuckin penny.
You still have to ignore all the taxes that come in to any doing any sort of transaction, from the lowly consumer all they way up to the income taxes generated by the CEO's and lawyers and tens of thousands of mother fuckers who work for them.
Billionaires didn't just steal a billion dollars and run off to some secluded island to sit on a pile of money like a ******* dragon in a fairy tale. These assholes generate more revenue when they take a shit than the "reporter" of this bullshit article will pay in taxes.
That doesn't mean they can tell us how to live our lives and scam us on global warming hoaxes.
You are too stupid to be one person, which is, of course, why you voted for Trump.
Billionaires
are stealing your tax dollars via food stamps, and EIC's, to pay their workers. Subsidies paid to Walmart workers increased their bottom line by $9 billion in 2013, most of which went to the Walton Family.
Billionaires pay less tax, as a percentage of income, than their secretaries. That is correct. Since Reagan changed the tax code, wealth has trickled up to the top 5% at a steady clip. The working class has seen their savings melt away, and now the middle class is in trouble. If that's not stealing from the lower classes, I don't know what is.
Yes, that is the key "as a percentage of income". Since billionaires
You are too stupid to be one person, which is, of course, why you voted for Trump.
Billionaires are stealing your tax dollars via food stamps, and EIC's, to pay their workers. Subsidies paid to Walmart workers increased their bottom line by $9 billion in 2013, most of which went to the Walton Family.
Billionaires pay less tax, as a percentage of income, than their secretaries. That is correct. Since Reagan changed the tax code, wealth has trickled up to the top 5% at a steady clip. The working class has seen their savings melt away, and now the middle class is in trouble. If that's not stealing from the lower classes, I don't know what is.
That is a lie and you are an idiot.
Billionaires pay taxes on Corporate Profit, Stock Distributions or Dividends at a lower rate BUT, the money they received has already been taxed at the CORPORATE LEVEL
Before th Billionaire receives his or her Stock Distributions, Capital Gains or Dividends distribution, the money has already been taxed at the Corporate Income Tax rate...... Usually around an effective rate of 18% with a nominal rate of 39.5%
So it's being double taxed. Corporate Profit distributions are also minus ALL expenses and losses
You people are imbeciles. True, honest to God, mental defectives
Exactly. This is the typical deception the Left employs to push their false narratives.
Take a fact, twist it and leave out critical details and VOILA! False narrative created.
Billionaires do not usually have a day job that would be taxed at ordinary income rates.
Those that do pay 39.5% where there secretary or cleaner pays 10-15%. (see 2017 tax table below).
Property tax and capital gains tax are the bulk of taxes billionaires pay and are much lower rates. In terms of DOLLARS paid, a secretary pays thousands. A billionaire pays many times that.
Table 2. Married Filing Joint Taxable Income Brackets and Rates, 2017
Rate
Taxable Income Bracket
Tax Owed
10% $0 to $18,650
10% of taxable income
----------------------------------------------------------------
15% $18,650 to $75,900
$1,865 plus 15% of the excess over $18,650
------------------------------------------------------------------
25% $75,900 to $153,100
$10,452.50 plus 25% of the excess over $75,900
-----------------------------------------------------------------
28% $153,100 to $233,350
$29,752.50 plus 28% of the excess over $153,100
-------------------------------------------------------------------
33% $233,350 to $416,700
$52,222.50 plus 33% of the excess over $233,350
--------------------------------------------------------------------
35% $416,700 to $470,700
$112,728 plus 35% of the excess over $416,700
------------------------------------------------------------------
39.60% $470,700+
$131,628 plus 39.6% of the excess over $470,700