Tim Allen tweets question about taxation

[blackhawk]

Tim Allen recently tweeted a question. "How does taxing high income people help middle class people succeed?

What say you?

It doesn't it just makes some people feel like they are doing something good by taking more of what someone else has earned.

 

[Care4all]

What does incoming revenue have to do with anything?

It's not like they only spend what revenue comes in, they spend as much as they want and just print the rest.

85 people have as much wealth as the poorest 3.5 billion people on Earth. Income revenue has everything to do with it.

The problem is that the richest 1% aren't spending enough. Conservatives keep saying that the international super-rich are in a "wait and see mode" in regards to what a black socialist President might do, so those record corporate profits are sitting overseas not being spent or taxed to pay for the public which is struggling because the international super-rich are not spending their record corporate profits on higher wages and better employee benefits. If corporations are making record profits while taxes are currently so unbearably high and still not spending their profits then what reason is there to believe that corporations would spend the increased profits when taxes are lowered?

I still don't get it. If the rich pay more then how will the poor benefit? Are you suggesting that the government will give them more? After all, entitlements will be spent no matter what revenue comes into the system.

The benefit comes from paying our Nation's Bills, shows fiscal responsibility, having to borrow less money, having to print less money, reduces inflation, increases our country's credit rating, increases money flow in the whole Nation, consumer confidence is up, and encourages businesses to spend with a positive economic outlook of the Nation in Fiscal order.....so, it not only reduces inflation and money printing, but it increases JOBS JOBS AND JOBS.

ALL OF THE ABOVE are the benefits of a FISCAL Nation and comes with paying the bills and reducing unnecessary and wasteful spending....this HELPS the middle class....

Look At the Clinton years....when we, the Nation, started to pay our bills with higher taxes, the consumer confidence went through the roof....

 

[1776]

Taxing rich people until many of them are middle class....increases the middle class in the end.....LOL.

 

[Quantum Windbag]

Because high income people have more wealth to be taxed. Fewer than 100 people have as much wealth as the poorest half of the world's population. You can tax the poor half of the world's population more, or you can tax those 85 people more because they can afford it.

How does lowering taxes for high income people help middle class people succeed?

Are you aware that that was not an answer to the question?

 

[Quantum Windbag]

Tim Allen recently tweeted a question. "How does taxing high income people help middle class people succeed?

What say you?

The money has to come from somewhere and it's the high income people who have it.

Except the really don't.

 

[Quantum Windbag]

The money has to come from somewhere and it's the high income people who have it.

Only a person wholly ignorant of how wealth is created could write such drivel with a straight face.

The progressives have completely destroyed economic literacy in America. Frightening.

Show us how smart you are then. What's Full Employment in Capitalism? Hint: it's a percentage.

Hint, you are wrong. Full employment is a term used in macro economics and has zip a dee doo dah to do with capitalism.

 

[Quantum Windbag]

To you it certainly is. To a Capitalist however, it matters a great deal.

Irrelevant to the question of taxation, moron. Stick to the subject, if you are able without having to redirect to fit your lame arrogance.

If you don't understand Capitalism, you won't understand Taxation. Neither you appear to have even a basic grasp of.

Is Capitalism the name for the randomly capitalizing words in sentences?

 

[Quantum Windbag]

When government taxes one class more, they don't reduce the amount taken from others. They simply want more money. The more they get, the more they spend. Look how budgets work. The more each agency spends, the more they get. At the end of the year, fraud, waste and abuse run rampant because they must spend all they were allotted the year before to ensure receiving the same the next year. They don't actually need it, but they want it. Why they don't just prove what they actually need and go from there is a mystery. It wouldn't hurt a thing to get different amounts each year, depending on need. Common sense has nothing to do with government spending.

Politicians are already spending money they don't have. Every year, new taxes are imposed. Virtually everything is taxed now. And the ways money is spent gets more ridiculous each year. Despite dingbat Pelosi claiming no cuts can be made, the frivolous spending continues and they keep coming up with more ways to spend.

If a person was doing this and not living within their means, they'd go bankrupt unless they cut up their credit cards and stopped all unnecessary spending. Government just steals more. It's not their money and they act like spoiled rich kids who have no limits.

If they tax the wealthy people more, we will end up having people who are less wealthy. Eventually, you do run out of other peoples' money. That is a fact. It makes no sense that little tyrants come along every few years wanting to test that theory. Look at history. Learn from it.

Middle class is already shrinking and much of that has happened in the last 5 years. Obamacare alone might be the straw that breaks the camel's back. Even if the libs starting stealing the majority of what the wealthy earn, it won't make a measureable difference because they'll spend it on new stuff and not pay down the debt.

Going after the wealthy to make them pay their fair share is nothing more than a talking point designed to give hope to those at the bottom, who believe that the money taken from the wealthy will end up in their hands. Some will, as it is now, but not enough to alter their lives.

The real 1% is the federal reserve banks and top officials in Washington, who become mind blowingly wealthy during their "service to their country." Those people will never be touched by the IRS.

Wealth confiscation and redistribution doesn't help anyone in the long run. It only serves to bring down the wealthy, not elevate the poor. Sad part is that many who push policies to do that know better, but they are only looking toward the power and wealth they covet and are willing to sell out the people to get it.

And yet we had a better economy when the mw had the highest spending power in history and the top tax rate was 70%.

We had an even better one when Clinton cut taxes across the board, but don't let facts get in the way of your narrative.

 

[Quantum Windbag]

It's an insulting way to pacify the masses.

It either works or it doesn't. Historically it works.

Hitler taxed the poo out of the top 4% in Germany, and it added to the popularity of Hitler.

Ironically, it did very little in terms of increasing substantial revenue for the economy.

It doesn't seem to be working very well in France either.

 

[Quantum Windbag]

Because high income people have more wealth to be taxed. Fewer than 100 people have as much wealth as the poorest half of the world's population. You can tax the poor half of the world's population more, or you can tax those 85 people more because they can afford it.

How does lowering taxes for high income people help middle class people succeed?

What does incoming revenue have to do with anything?

It's not like they only spend what revenue comes in, they spend as much as they want and just print the rest.

85 people have as much wealth as the poorest 3.5 billion people on Earth. Income revenue has everything to do with it.

The problem is that the richest 1% aren't spending enough. Conservatives keep saying that the international super-rich are in a "wait and see mode" in regards to what a black socialist President might do, so those record corporate profits are sitting overseas not being spent or taxed to pay for the public which is struggling because the international super-rich are not spending their record corporate profits on higher wages and better employee benefits. If corporations are making record profits while taxes are currently so unbearably high and still not spending their profits then what reason is there to believe that corporations would spend the increased profits when taxes are lowered?

If you live in the US you are part of the 1%, maybe we should tax you at 100% for every dollar you make over $10,000 and give it the people in the world who make less.

Or would that make you scream about how unfair it is to tax rich people?

 

[The Rabbi]

It helps because if you don't collect that tax money from the wealthy, you have to collect it somewhere else,

and where else is there? There's the high income people, and the middle income and the low income.

Reduce the revenues you get from the high incomes, and you then have to get that revenue from either the middle income, or the low income, or both.

Taking more money from the latter is taking money that is more important to their personal financial situations.

Bullshit.
You could of course not spend the money to begin with. As it is, the bottom half of wage earners pay nothing. They are the ones getting the free ride on the system.

 

[American4Americ]

I would rather earn 1% off a 100 people's efforts than 100% of my own efforts.
--John D. Rockefeller

You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
You cannot lift the wage earner up by pulling the wage payer down.
You cannot further the brotherhood of man by inciting class hatred.
You cannot build character and courage by taking away men’s initiative and
independence.
You cannot help men permanently by doing for them, what they could and should
do for themselves.
-- Abraham Lincoln

A democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
--Alexis de Tocqueville

In liberal logic, if life is unfair then the answer is to turn more tax money over to politicians, to spend in ways that will increase their chances of getting reelected.
--Thomas Sowell

One of your quotes is misattributed.

 

[Care4all]

Most of them pay nothing because they OWE NOTHING, and most owe nothing because they did not have a "(financial) GAIN".....If you don't have a "gain" then....you got it, you owe no taxes because we only pay income taxes on 'gain'...

MOST of these people owing no taxes, are simply taking a few of the SAME deductions that others who owe taxes have also taken...the personal exemptions and the standard deduction amounts and/or has filled out the long form/ schedule A etc for other additional allowable deductions....and when their taxes are done with their simple deductions, they have no money left over to tax...they have no "gain", where as someone wealthier, once they are done taking these same allowable deductions and many many more that the poorest or the middle class may never need or use, the wealthier may come out with a gain on their total income, of which they in turn will be taxed on the gain only.

There are thousands of 1% of income earners who also pay NOTHING in federal income taxes from time to time, because they had no GAIN on their total income or they had a LOSS in their total income....

 

[AvgGuyIA]

Tim Allen recently tweeted a question. "How does taxing high income people help middle class people succeed?

What say you?

Fact is, it doesn't. Now if they decide to tax certain trust fund babies who attend WH invitations at 85% of their wealth! I would have no objection.

 

[PaintMyHouse]

Irrelevant to the question of taxation, moron. Stick to the subject, if you are able without having to redirect to fit your lame arrogance.

If you don't understand Capitalism, you won't understand Taxation. Neither you appear to have even a basic grasp of.

Is Capitalism the name for the randomly capitalizing words in sentences?

Nope. It's the proper name of our economic system, which neither of you understand.

 

[The Rabbi]

Most of them pay nothing because they OWE NOTHING, and most owe nothing because they did not have a "(financial) GAIN".....If you don't have a "gain" then....you got it, you owe no taxes because we only pay income taxes on 'gain'...

MOST of these people owing no taxes, are simply taking a few of the SAME deductions that others who owe taxes have also taken...the personal exemptions and the standard deduction amounts and/or has filled out the long form/ schedule A etc for other additional allowable deductions....and when their taxes are done with their simple deductions, they have no money left over to tax...they have no "gain", where as someone wealthier, once they are done taking these same allowable deductions and many many more that the poorest or the middle class may never need or use, the wealthier may come out with a gain on their total income, of which they in turn will be taxed on the gain only.

There are thousands of 1% of income earners who also pay NOTHING in federal income taxes from time to time, because they had no GAIN on their total income or they had a LOSS in their total income....

Is it really tough being ignorant? Or is ignorance bliss?

Middle earners pay no income taxes because our system is steeply progressive. That is a problem. People need stake in the system. People need to pay income taxes so they feel the bite of government spending.
There are NO 1% income earners who pay nothing in federal income taxes. I defy you to name one. By defintion there cannot be such a thing. On the flip side, many many people find themselves one year in their lives in the top 1%, usually as the result of a one time capital gains sale.

 

[Care4all]

Most of them pay nothing because they OWE NOTHING, and most owe nothing because they did not have a "(financial) GAIN".....If you don't have a "gain" then....you got it, you owe no taxes because we only pay income taxes on 'gain'...

MOST of these people owing no taxes, are simply taking a few of the SAME deductions that others who owe taxes have also taken...the personal exemptions and the standard deduction amounts and/or has filled out the long form/ schedule A etc for other additional allowable deductions....and when their taxes are done with their simple deductions, they have no money left over to tax...they have no "gain", where as someone wealthier, once they are done taking these same allowable deductions and many many more that the poorest or the middle class may never need or use, the wealthier may come out with a gain on their total income, of which they in turn will be taxed on the gain only.

There are thousands of 1% of income earners who also pay NOTHING in federal income taxes from time to time, because they had no GAIN on their total income or they had a LOSS in their total income....

Is it really tough being ignorant? Or is ignorance bliss?

Middle earners pay no income taxes because our system is steeply progressive. That is a problem. People need stake in the system. People need to pay income taxes so they feel the bite of government spending.
There are NO 1% income earners who pay nothing in federal income taxes. I defy you to name one. By defintion there cannot be such a thing. On the flip side, many many people find themselves one year in their lives in the top 1%, usually as the result of a one time capital gains sale.

What does the progressiveness on the tax brackets have to do with some people owing no taxes because they have had no financial gain?

What keeps them from owing taxes primarily is the fact that they take their standard deductions and personal exemptions and after this, they owe no taxes....because they have not earned more than these simple allowable personal and standard deductions for the basic costs of living....

those earning more money like you and me, get these same allowable adjustment amounts as those who owe no money, (and even some more deductions that those filing the short form will never take and use), by filing the long form and itemizing our deductions....

BOTTOM LINE, most that don't owe taxes it is simply because they had no financial GAIN on their incomes after taking the allowable standard deductions and personal exemptions that the wealthiest also utilize....

you take those standard deductions and personal exemptions away for the basic cost of necessities so that you can get these people owing no taxes now to owe taxes, then you ALSO take them away from yourself and you will be taxed on those monies too, so your taxes will go up as well....

 

[The Rabbi]

Most of them pay nothing because they OWE NOTHING, and most owe nothing because they did not have a "(financial) GAIN".....If you don't have a "gain" then....you got it, you owe no taxes because we only pay income taxes on 'gain'...

MOST of these people owing no taxes, are simply taking a few of the SAME deductions that others who owe taxes have also taken...the personal exemptions and the standard deduction amounts and/or has filled out the long form/ schedule A etc for other additional allowable deductions....and when their taxes are done with their simple deductions, they have no money left over to tax...they have no "gain", where as someone wealthier, once they are done taking these same allowable deductions and many many more that the poorest or the middle class may never need or use, the wealthier may come out with a gain on their total income, of which they in turn will be taxed on the gain only.

There are thousands of 1% of income earners who also pay NOTHING in federal income taxes from time to time, because they had no GAIN on their total income or they had a LOSS in their total income....

Is it really tough being ignorant? Or is ignorance bliss?

Middle earners pay no income taxes because our system is steeply progressive. That is a problem. People need stake in the system. People need to pay income taxes so they feel the bite of government spending.
There are NO 1% income earners who pay nothing in federal income taxes. I defy you to name one. By defintion there cannot be such a thing. On the flip side, many many people find themselves one year in their lives in the top 1%, usually as the result of a one time capital gains sale.

What does the progressiveness on the tax brackets have to do with some people owing no taxes because they have had no financial gain?

What keeps them from owing taxes primarily is the fact that they take their standard deductions and personal exemptions and after this, they owe no taxes....because they have not earned more than these simple allowable personal and standard deductions for the basic costs of living....

those earning more money like you and me, get these same allowable adjustment amounts as those who owe no money, (and even some more deductions that those filing the short form will never take and use), by filing the long form and itemizing our deductions....

BOTTOM LINE, most that don't owe taxes it is simply because they had no financial GAIN on their incomes after taking the allowable standard deductions and personal exemptions that the wealthiest also utilize....

you take those standard deductions and personal exemptions away for the basic cost of necessities so that you can get these people owing no taxes now to owe taxes, then you ALSO take them away from yourself and you will be taxed on those monies too, so your taxes will go up as well....

The brainlessness here is trying me.
THe result of the present system is that the vast majority of wage earners pay no income tax. They obviousl made money, yet paid no income tax on it. That is inherently unfair. And it means upper income people shoulder an increasingly higher share of the tax bill. That is also unfair.

Bottom line: Flat tax. Every dollar of income gets taxed the same, period. You earn, you pay. Period.

 

[Votto]

It helps because if you don't collect that tax money from the wealthy, you have to collect it somewhere else,

and where else is there? There's the high income people, and the middle income and the low income.

Reduce the revenues you get from the high incomes, and you then have to get that revenue from either the middle income, or the low income, or both.

Taking more money from the latter is taking money that is more important to their personal financial situations.

Why do you assume this? Deficit spending goes up every year. Now they spend about $3 trillion in deficit spending.

So we should cut taxes for the rich and just add that to the deficit? What?

The deficit just keeps going up and up. Government has already decided on how much of that deficit spending will go toward entitlements. Increasing taxes will not change the amount the poor receive.

Make no mistake, taxes go up every year and it seems that spending doubles or more when taxes increase and the poor keep getting poorer.

 

[jillian]

Tim Allen recently tweeted a question. "How does taxing high income people help middle class people succeed?

What say you?

It doesn't. But it satisfies the liberal need to "stick it to da man". ANd it help gets Democrats elected because somewhere somehow they've persuaded people they can take from rich people to fund freebies for them. That was the entire basis of deBlasio's campaign in NY. And he won.
The truth is that all classes are inderdependent and you can't hurt one without hurting all of them.

they've brainwashed you nicely. lol