"The wealthiest in this country do not pay their fair share." [Bernie Sanders]

[Hafar1014]

For the record....
Bill Gates pays essentially ZERO income tax because he uses the "Bill and Melinda Gates Foundation" for charitable work, [such as inventing new vaccines].

"How much income tax did Bill Gates pay in 2021 through his foundation?"

He has to pay taxes on his corporate prophets and consider all the tax paying jobs he created

 

[frigidweirdo]

For the record....
Bill Gates pays essentially ZERO income tax because he uses the "Bill and Melinda Gates Foundation" for charitable work, [such as inventing new vaccines].

"How much income tax did Bill Gates pay in 2021 through his foundation?"

And?

 

[Hafar1014]

The real statement is the government takes more than their fair share

 

[TroglocratsRdumb]

 

[Hafar1014]

Mamdani shows how dumb he is by wanting to spend 30 million to build food stores when a private store costs zero and actually pays taxes. People dont understand why socialism always goes broke.

 

[ThisIsMe]

If the rich pay so much in taxes, why doesn’t Trump pay taxes most years?

Trump paid no federal income taxes in 10 of past 15 years, New York Times reports | Fortune

A new New York Times investigation provides the fullest picture yet of the president's financial state.

fortune.com

Because trump isnt the only rich person out there

 

[ThisIsMe]

I don't like his use of the term "fair". No, it's NOT fair. But we're beyond "fair" right now.

We're already a K-shaped economy, with a lion's share of the benefits going to the top while most of the rest struggle. We're either going to just continue getting worse, or we're going to end up with our own version of the French Revolution. Or both.

If we can't get the two parties to collaborate and work on this from both ends, we're not going to fix it. Those who don't want that don't understand the problem. They're letting their ideology get in the way of advancing.

What is the solution?

 

[ThisIsMe]

If everyone has to pay taxes on thing, and these people are paying less than that, then they're not paying enough.

Even if they're paying 90% of the taxes in the country (according to their math), it doesn't matter. They need to be paying their FAIR SHARE. Not spending loads of money getting poor people to defend them because they present stats like "well, we pay 90% of all tax" when they're not paying enough.

Ok, I’m going to agree with you. So what is a “fair share”?

 

[initforme]

What the wealthy have is theirs. So don't apply for one of their jobs and we all win.

 

[j-mac]

If everyone has to pay taxes on thing, and these people are paying less than that, then they're not paying enough.

Even if they're paying 90% of the taxes in the country (according to their math), it doesn't matter. They need to be paying their FAIR SHARE. Not spending loads of money getting poor people to defend them because they present stats like "well, we pay 90% of all tax" when they're not paying enough.

So, what is their "Fair share"?

 

[dblack]

So, what is their "Fair share"?

MOAR --- !!!!

 

[j-mac]

MOAR --- !!!!

Yes....Their "More" is never enough....That's the problem...Meanwhile, they want to take their wealth for their vote buying promising everything from free college, to free daycare, to free, free, free.....Come on people...Don't we see through this socialist scam yet?

 

[my2¢]

Wealth and income are two separate things. The income tax is applied to earnings. Wealth is taxed through capital gains and the estate tax. When Democrats talk about wealth, they lie and misdirect the subject towards income because they have no interest in upsetting the apple cart for their own wealthy benefactors.

 

[Independent thinker]

If the rich pay so much in taxes, why doesn’t Trump pay taxes most years?

Trump paid no federal income taxes in 10 of past 15 years, New York Times reports | Fortune

A new New York Times investigation provides the fullest picture yet of the president's financial state.

fortune.com

He does. But, you are allowed to carry over losses when you have losses. Isn't that fair?

 

[leftwinger]

The old commee stole about $75million campaign money when dropping out pre-arranged vs. Killary. He doesn't care bout you simple Swine.//

 

[Votto]

Reply in a meme:
"Actually the highest ten percent of all earners pay ninety percent of all taxes in America."

Is it true that the highest earning ten percent of Americans pay ninety percent of all taxes?

Or is that just ninety percent of all income tax paid?

If this is true then the idea of NO OVERTIME being free of income tax, could transform the USA economy rapidly.

I am guessing though that the USA Democratic Party will absolutely HATE this idea though?

"Do the highest earning ten percent of Americans pay ninety percent of income taxes in the USA?"

Zone1 Thread 'No taxes on OVERTIME PLUS.... Unconditional but Taxable Basic Minimum Income Supplements?'

Tuesday at 5:37 PM

Here is my plan to pay off the national debts of Canada and the USA, [beginning this in Canada might be easier due to the fact that the foundation was laid in Bank of Canada policy from 1938 to 1974]?

Five hundred dollars per month...
for forty one million Canadian citizens and legal residents....
that is created in the same way as the Bank of Canada worked from
1938 to 1974.

Plus....NO INCOME TAX ON OVERTIME.... so that the twenty percent of our
population who do about eighty percent of the most valuable work in the economy have
an incentive to work extra!

No income tax on overtime...

• DennisPTate
• Replies: 12
• Forum: Clean Debate Zone

• 

No, it is more like the government does not spend their fair share of our money

Try again Bernie.

 

[Captain Caveman]

Reply in a meme:
"Actually the highest ten percent of all earners pay ninety percent of all taxes in America."

Is it true that the highest earning ten percent of Americans pay ninety percent of all taxes?

Or is that just ninety percent of all income tax paid?

If this is true then the idea of NO OVERTIME being free of income tax, could transform the USA economy rapidly.

I am guessing though that the USA Democratic Party will absolutely HATE this idea though?

"Do the highest earning ten percent of Americans pay ninety percent of income taxes in the USA?"

Zone1 Thread 'No taxes on OVERTIME PLUS.... Unconditional but Taxable Basic Minimum Income Supplements?'

Tuesday at 5:37 PM

Here is my plan to pay off the national debts of Canada and the USA, [beginning this in Canada might be easier due to the fact that the foundation was laid in Bank of Canada policy from 1938 to 1974]?

Five hundred dollars per month...
for forty one million Canadian citizens and legal residents....
that is created in the same way as the Bank of Canada worked from
1938 to 1974.

Plus....NO INCOME TAX ON OVERTIME.... so that the twenty percent of our
population who do about eighty percent of the most valuable work in the economy have
an incentive to work extra!

No income tax on overtime...

• DennisPTate
• Replies: 12
• Forum: Clean Debate Zone

• 

They pay roughly 24% in tax and average Joe Public pays 30%, because the rich derive income from assets that are taxed lower, and Joe Public receive wages that are taxed higher.

 

[Toddsterpatriot]

Most of the taxes paid are paid by the top earners, and the bottom half of the citizenry pay nothing or less than nothing (EITC). Nobody disputes that and few people care.

It is likely true that the top 5% or so pay a lower RATE of income tax, net of exclusions and deductions, than many working class people. But we don't pay taxes in percentages, we pay them in dollars. Hence that "Billionaire" is likely paying millions in taxes (Elon paid ELEVEN BILLION DOLLARS in FIT in 2021!), even as he pays at a rate significantly lower than the top marginal tax rate on the scale.

"Fair" is always in the eye of the beholder, but I challenge anyone to convince a neutral observer that there should not be a MAXIMUM TAX, expressed in dollars, signifying that at some point, that taxpayer has paid ENOUGH! For example, if you pay a hundred thousand dollars (or pick you own number), you are COVERED, and shouldn't have to pay any more, regardless of how much you earn. It is YOUR MONEY, after all.

It is likely true that the top 5% or so pay a lower RATE of income tax, net of exclusions and deductions, than many working class people.

You'd have to define working class.

Top 5% household earns over $300,000.