So Joe... what is the "fair share"???

[rightwinger]

If the percentage is the same lower income earners pay less than higher income earners.

Less or more than they pay now?

You are increasing taxes on low wage earners
Why don’t you just admit it?

 

[Blues Man]

Less or more than they pay now?

You are increasing taxes on low wage earners
Why don’t you just admit it?

It depends on what the percentage will be doesn't it?

 

[Papageorgio]

More than the zero they are currently paying.

Except the opposite has been proven true, your version is the lie you would like us to believe.

 

[healthmyths]

OK
So in this plan, who will end up paying more and who will pay less?

I bet you still end up shifting more tax burden from the rich to the low middle class

Since you hate the rich so much, tell me what do you think those evil, filthy rich do with all those tax savings?
First of all, are you aware that those filthy rich pay taxes?

Key Findings​

• In 2019, taxpayers filed 148.3 million tax returns, reported earning nearly $11.9 trillion in adjusted gross income, and paid $1.6 trillion in individual income taxes.
• The top 1 percent of taxpayers paid a 25.6 percent average individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.5 percent).
• The share of reported income earned by the top 1 percent of taxpayers fell to 20.1 percent from 20.9 percent in 2018. The top 1 percent’s share of federal individual income taxes paid fell to 38.8 percent from 40.1 percent.
• The top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.
• The top 1 percent paid a greater share of individual income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent).

Summary of the Latest Federal Income Tax Data, Tax Year 2022

New IRS data shows the US federal income tax system continues to be progressive as high-income taxpayers pay the highest average income tax rates. Average tax rates for all income groups remain lower after the Tax Cuts and Jobs Act (TCJA).

taxfoundation.org

But of course you knew this already that the top 50% pay 97% of all income taxes.
And mind you this is Federal taxes... we haven't taken in consideration State, local, property taxes...

But again FACTS don't seem to matter to people that make generalized statements.
Finally those filthy evil rich... I bet you think they bury their money in the backyard or hide under their mattresses RIGHT?

 

[rightwinger]

Since you hate the rich so much, tell me what do you think those evil, filthy rich do with all those tax savings?
First of all, are you aware that those filthy rich pay taxes?

Key Findings​

• In 2019, taxpayers filed 148.3 million tax returns, reported earning nearly $11.9 trillion in adjusted gross income, and paid $1.6 trillion in individual income taxes.
• The top 1 percent of taxpayers paid a 25.6 percent average individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.5 percent).
• The share of reported income earned by the top 1 percent of taxpayers fell to 20.1 percent from 20.9 percent in 2018. The top 1 percent’s share of federal individual income taxes paid fell to 38.8 percent from 40.1 percent.
• The top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.
• The top 1 percent paid a greater share of individual income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent).

Summary of the Latest Federal Income Tax Data, Tax Year 2022

New IRS data shows the US federal income tax system continues to be progressive as high-income taxpayers pay the highest average income tax rates. Average tax rates for all income groups remain lower after the Tax Cuts and Jobs Act (TCJA).

taxfoundation.org

But of course you knew this already that the top 50% pay 97% of all income taxes.
And mind you this is Federal taxes... we haven't taken in consideration State, local, property taxes...

But again FACTS don't seem to matter to people that make generalized statements.
Finally those filthy evil rich... I bet you think they bury their money in the backyard or hide under their mattresses RIGHT?

Lets see where the money is before we decide where to tax

 

[LeftofLeft]

Your tax plan will end up having the rich pay less than they do now and the poor paying more than they do now

Typical Conservative tax the poor strategy

The higher income earners pay less percentage of their earnings yet contribute substantially more than lower income payers.

Typical Liberal punish the high income earners based on percentages. This accomplishes nothing except Class Warfare. Otherwise, cut spending.

 

[Blues Man]

Lets see where the money is before we decide where to tax

View attachment 634037

Income and wealth are not the same thing.

 

[rightwinger]

The higher income earners pay less percentage of their earnings yet contribute substantially more than lower income payers.

Typical Liberal punish the high income earners based on percentages. This accomplishes nothing except Class Warfare. Otherwise, cut spending.

They also control an overwhelming percentage of wealth and income

 

[rightwinger]

Income and wealth are not the same thing.

No Shit Sherlock

The rich know better than to accept income

 

[Blues Man]

No Shit Sherlock

The rich know better than to accept income

You don't seem to know that.

And the so called rich get taxed on income all the time when they sell off assets for a profit.

Like I said our current tax system is designed to collect revenue from the middle class because that's where the revenue is. People in the middle quintile work for the majority of their lives therefore they are a long term source of revenue. Add to that the poor tax treatment of IRAs and 401 Ks and we see that those are designed to squeeze even more tax dollars out of the middle class when they retire.

There is no tax plan that can be placed on the so called rich that will ever generate the money that the income tax does.

 

[hadit]

OK
So in this plan, who will end up paying more and who will pay less?

I bet you still end up shifting more tax burden from the rich to the low middle class

Basically, what you're doing is agreeing that the wealthy already pay the bulk of the tax burden. Do you agree that's what you're doing?

 

[iamwhatiseem]

There is no such tax plan where lower income taxpayers don’t end up paying more and wealthy taxpayers paying less

Haha... pretty funny since low income people have had a negative income tax liability for 30 years.

 

[Mac-7]

Your tax plan will end up having the rich pay less than they do now and the poor paying more than they do now

Typical Conservative tax the poor strategy

Yes, because now the poor pay nothing and have no incentive not to raise taxes on others

 

[LeftofLeft]

They also control an overwhelming percentage of wealth and income

If you think that is any different from any other nation, you are naive. Economic opportunity is provided and Income is earned…it is what makes US exceptional. Redistribution of wealth never works and only serves as an agent and appeasers of class envy while true, locked-in one percent control the wealth and income in every other nation. Why do you think immigrants come to the US? Economic Freedom.

 

[rightwinger]

You don't seem to know that.

And the so called rich get taxed on income all the time when they sell off assets for a profit.

Like I said our current tax system is designed to collect revenue from the middle class because that's where the revenue is. People in the middle quintile work for the majority of their lives therefore they are a long term source of revenue. Add to that the poor tax treatment of IRAs and 401 Ks and we see that those are designed to squeeze even more tax dollars out of the middle class when they retire.

There is no tax plan that can be placed on the so called rich that will ever generate the money that the income tax does.

The Golden Rule
He who has the Gold, makes the Rules

We have thousands of pages of tax code, only a few pages offer tax incentives to working Americans

The wealthy have created a system where only income is taxed and Capital Gains are taxed at a much lower rate than ordinary income

Before Reagan, the wealthy used to pay much more in taxes
Time to fix that

 

[rightwinger]

Yes, because now the poor pay nothing and have no incentive not to raise taxes on others

Guess what?
The poor have very little

Tax where the money is

 

[bripat9643]

The Golden Rule
He who has the Gold, makes the Rules

We have thousands of pages of tax code, only a few pages offer tax incentives to working Americans

The wealthy have created a system where only income is taxed and Capital Gains are taxed at a much lower rate than ordinary income

Before Reagan, the wealthy used to pay much more in taxes
Time to fix that

That's not true. After Reagan the wealthy paid more than they paid previously.

Everything you believe is a myth.

Furthermore, the wealthy didn't create the income tax.

 

[bripat9643]

Guess what?
The poor have little

Tax where the money is

Thieves follow the same rule.

 

[Mac-7]

Guess what?
The poor have very little

Tax where the money is

I dont care how little the poor pay as long as they pay their fair share

 

[rightwinger]

Thieves follow the same rule.