Right-Wing Challenge: Fair Income Tax For The Top 50% vs Bottom 50%

[citygator]

he wants us to believe he paid 374k in taxes, makes him a millionaire. haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaahahahaa Ain't the internet a kick?

$340k. Id pay $370k under Biden. Thanks Trump!

 

[jc456]

$340k. Id pay $370k under Biden. Thanks Trump!

I don't believe anyone on a message board.

 

[struth]

typical tactic of a person losing a discussion is to attack the messenger when they cant refute the message,,

I am not attacking you

I’m just highlighting the issue

Not sure what you think I’m losing, you’ve already conceded my point

 

[progressive hunter]

I am not attacking you

I’m just highlighting the issue

Not sure what you think I’m losing, you’ve already conceded my point

the issue isnt me or my work,,

the issue is income tax and wasted spending,, the later which youve admitted youre for,,

and I have stated am against both,,

so how am I the problem??

 

[struth]

the issue isnt me or my work,,

the issue is income tax and wasted spending,, the later which youve admitted youre for,,

and I have stated am against both,,

so how am I the problem??

I didn’t say anything about your work

Yes the issue is people like you that think they are efficient spending other peoples money on other people

You aren’t, that’s why there is waste

When did I say I was for waste or income taxes?

 

[my2¢]

hasnt moes money has already been taxed?? so why would it be taxed aga

With our present estate tax's standard deduction of $15million, in some cases the money has already been taxed and in other cases the money hasn't been taxed at all and never will be. It is all in the manner of the form of the assets. But you're right in catching my assumption that in my example the inheritance came about through the latter untaxed funds.

Lottery winnings are taxed as ordinary income. A big-winning results in most of that being taxed at 37%.

Capital gains for lower income earners are taxed at 0%. Otherwise...
Short-term capital gains are taxed at same rate as ordinary income which could be up to 37%.
Long-term gains are taxed at either 15% or 20% based on income level.

I agree with the view that one aspect of equality is a singular tax percentage. But for total equality there must not be an apple-and-oranges aspect to what that percentage is being applied.

 

[progressive hunter]

I didn’t say anything about your work

Yes the issue is people like you that think they are efficient spending other peoples money on other people

You aren’t, that’s why there is waste

When did I say I was for waste or income taxes?

there you go making it about me again,,

you admitted you dont care about government waste,,

that makes you the problem not me,,

 

[LordBrownTrout]

Here is the challenge and it is based on next year's budget.

You need to raise about $2.4T in personal income taxes just to be $2.0T short of next year's expenses (Trump's plan) in a way that allows people to also live a life.

How do you raise your $2.4T from income taxes between the two halves of earners? Bottom half and top half.

Today we get 98% from the top 50% as it is circled in red on the chart to the right but as you can see they earn almost all the income and certainly 100% of the discretionary income after you put bare bones living expenses against $23k vs 137k.

What is "fair" to you?

I predict a long line of right-wingers suggesting we take $200B from people making $23K still leaving a $1.6T deficit without regard to how one would live. But maybe they will surprise me with some thoughtful reflection on income tax burdens and living with low means.

GO!

Trump 2026 Budget
$7T in Expenses

$2.4T of Income Tax
$1.7T of Payroll Tax
$0.5T of Corporate Tax
$0.5T of Excise and Tariffs
$5.2T of Revenue

$1.8T Deficit


View attachment 1229675

How does the federal tax system affect low-income households?

taxpolicycenter.org

How about quit paying into the federal govt since it continues to grift our money as it wastes trillions on never ending wars and endless social programs.

 

[Southern Dad]

Bullshit. Got a link newbie?

Yes. Yes, I do. Are you disputing that nearly half of the households in this country pay zero percent or less in federal income tax? I even got you one from CNBC known for their liberal viewpoints. Want more?

57% of U.S. households paid no federal income tax last year as Covid took a toll, study says

More than half of Americans paid no federal income tax last year due to Covid-relief funds, tax credits and stimulus, according to a new report.

www.cnbc.com

https://www.forbes.com/sites/howardgleckman/2019/08/06/remember-the-47-percent-who-pay-no-income-taxes-they-are-not-who-you-think/

Who Will Pay No Federal Individual Income Tax in 2025?

In 2025, according to the latest Tax Policy Center estimates, 40 percent of households, or about 76 million “tax units,” will pay no federal individual income tax.

taxpolicycenter.org

 

[Southern Dad]

Nope. That would be regressive.



Exactly as Thomas Jefferson and James Madison intended.

Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise.

Equality: Thomas Jefferson to James Madison

We didn’t have a federal income tax when Thomas Jefferson or James Madison were alive.

 

[struth]

there you go making it about me again,,

you admitted you dont care about government waste,,

that makes you the problem not me,,

When did I admit I don’t care about govt waste?

Quote me

The first sign you are losing an argument is when you have to make things up

 

[Delldude]

The rich will still find loopholes (they always do)...

The loopholes are created by Congress.

Many of us want to give poor people the opportunity to work and get ahead.

If those on a lot of the social programs were returned to the workforce, that would cut spending and increase revenue at the same time.

Yes, liberals always talk about taxing others but not themselves.

It's funny how at election time it's found out many on the left are in arrears for back taxes and suddenly scramble to 'fix' it. It happens on the other side but seems like a regular thing with the left.

Sure tax cuts need to occur but they will be small until our revenues catch up.

Cutting spending will allow revenues to catch up.

But history has shown growing your tax base always works at raise tax receipts

Reduce those who have made a career out of living off government programs and get them back in the workforce.

 

[struth]

The loopholes are created by Congress.

If those on a lot of the social programs were returned to the workforce, that would cut spending and increase revenue at the same time.

It's funny how at election time it's found out many on the left are in arrears for back taxes and sudden;y scramble to 'fix' it. It happens on the other side but seems like a regular thing with the left.

Cutting spending will allow revenues to catch up.

Reduce those who have made a career out of living off government programs and get them back in the workforce.

Correct, nearly 40 percent of Americans don’t pay income taxes at all.

Think about that

 

[kyzr]

Yes. Yes, I do. Are you disputing that nearly half of the households in this country pay zero percent or less in federal income tax? I even got you one from CNBC known for their liberal viewpoints. Want more?

Yeah, ok, during COVID, or on SS.
This chart seems to dispute that "zero" claim. The bottom 50% pay an average 3.3%, that seems more than zero.

Your last link says 40% not half.
"In 2025, according to the latest Tax Policy Center estimates, 40 percent of households, or about 76 million “tax units,” will pay no federal individual income tax."

 

[struth]

$340k. Id pay $370k under Biden. Thanks Trump!

Why didn’t you voluntarily give the extra 30k?

 

[progressive hunter]

When did I admit I don’t care about govt waste?

Quote me

The first sign you are losing an argument is when you have to make things up

didnt you say its going to happen no matter what and cant do anything about it??

by not standing up against it means youre OK with it,,

 

[struth]

didnt you say its going to happen no matter what and cant do anything about it??

by not standing up against it means youre OK with it,,

I didn’t say you can’t do anything about it

Just the opposite I said you can. You have to first acknowledge it, and secondly all earners to keep more of their own mine since they spend it wiser and more efficiently

 

[progressive hunter]

I didn’t say you can’t do anything about it

Just the opposite I said you can. You have to first acknowledge it, and secondly all earners to keep more of their own mine since they spend it wiser and more efficiently

you just choose to not do or say anything to stop it while making excuses for it,,

 

[jc456]

there you go making it about me again,,

you admitted you dont care about government waste,,

that makes you the problem not me,,

DOGE named billions of all kinds of waste, I haven't seen shit done about it. Why?

 

[progressive hunter]

DOGE named billions of all kinds of waste, I haven't seen shit done about it. Why?

we just arent seeing but it is happening,,