Wealthy liberals foam at the mouth about how the 'rich' don't pay their fair share, yet they never lead by example. They can voluntarily send the government a check today so why don't they? Because its nothing but faux rage talking points to rile up their base.
So, **** head, the Trump's tax proposal giving more than 80% of tax breaks to the 1% rich is just another opportunity for you to bend over???
Nobody is "giving" the 1% anything dumb ass, its their money they earned it. Keeping more of your own money you earned is not a gift from government. Some of you libs really have your head up your ass.
And if I generate $100 million dollars in net new wealth that didn't exist last year I'm not taking a dime out of anyone's pocket or receiving a gift from government. I'm not taking more than my fair out of some finite pie of wealth, I increased the size of the pie. A concept that is over the head of your average liberal dumb ass.
Bull freaking shit. You don't know jackshit about "increasing the pie". If you did, you would be advocating for HIGHER corporate taxes and HIGHER taxes on the wealthy. What we got in the United States is a "rent-seeking problem". Growing wealth inequality, stagnant worker wages, a dysfunctional political system--all are mere ailments that stem from the disease that is "rent-seeking". Rent seeking is, by definition, the taking of more of the pie that is already there instead of making more pie. And rent seeking is what corporations and the wealthy are doing. When the wealthy donate millions of dollars to political campaigns, note that more than half of all the money raised by the Republican party during the beginning of the last presidential election came from just a handful of people, they are rent-seeking. When the estate tax is eliminated and their taxes are cut they end up with more of the pie that is already there. They are not making more pie, they don't plan on making more pie, they are too damn full gorging themselves on the pie they are taking from everyone else. Because make no doubt about it, when those tax cuts are paid for by cutting Medicare and Medicaid, college scholarships, and cutting back on social spending they are taking pie from the poor, the elderly, and the young. Honestly, it takes one stupid dipshit idiot asshole not to be able to figure this out. And it takes worse than that to openly support it.
LMAO you have covered most of the liberal talking points, the rich don't pay their fair share, punish the rich, wealth inequality, seize the rich's wealth when they die, wealth redistribution, the rich are stealing my share of the pie, the rich took my government hand outs, did I miss any? You are pretty screwed up my friend.
Nope, you are the screwed up individual. Let's go over some of those "talking points". The rich don't pay their fair share. Here is the problem. A truck driver works hard. If he works really hard, logs a lot of miles, he might even make it to the top tax bracket. There he will pay almost forty cents out of every hard earned dollar in taxes. And on top of that he will, if he is self-employed, pay another fifteen percent in Social Security taxes. If he logs a little less miles he will pay twenty five cents out of every dollar in income taxes and of course, the fifteen plus percent in Social Security taxes. Now, take the rich dude. He doesn't "work" at all. He make his money in the stock market. Sitting on his ass, well he pays no more than twenty cents on the dollar in taxes, no Social Security taxes, and less than five cents in Medicare taxes thanks to the Affordable Care Act.
Hell, they even have a name for those two different types of income. The truck driver has EARNED income. The rich dude has UNEARNED income. Tell me, why the hell do we tax unearned income less than earned income. And don't give me that encourage investment bullshit. Putting money in the stock market is not investing, it is saving. And remember this, Ronald Reagan believed all income should be taxed the same.
Now, to that seize the wealth of the rich when they die. The purpose of the estate tax is not to seize anyone's wealth. It is to tax at least a portion of the value of unrealized capital gains, which is the vast majority of the wealth that flows to the beneficiaries of the rich. Let's take George Steinbrenner. He paid about nine million dollars for the New York Yankees in 1973. The Yankees are worth over three billion dollars today. Tell me, when were the taxes paid on that gain? And remember, Steinbrenner died in 2010, a rather unique year when there was no estate tax, if one chose not to pay it. Steinbrenner's heirs chose to pay it. Why would they do that.
Now don't get me wrong. I believe the wealthy carry too much of the federal tax burden. And I know exactly how to lower that burden. INCREASE THEIR DAMN TAXES. The reality is that when the marginal tax rate on the wealthy was higher they paid less of the total taxes. The problem with today is that, even though they pay a greater share of the taxes, they pay less of their income for that greater share. Can you explain why that is the case? Do you believe they pay a greater percentage of federal taxes than they should?
But one group is most certainly not paying their fair share, corporations. In the 1950's corporations paid one out of every four dollars of federal taxes. Today they can't even manage to pay one out of every ten. And they are sitting on piles of cash because there is no additional demand for them to meet due to the fact that their consumers have been sucked dry paying what used to be THEIR SHARE.
Now this Trump tax plan, he makes that corporation problem even worse. And believe it not, it makes that two different types of income worse because it provides a brand new way for the rich to create a "different" income and pay a lower tax rate. Ronald Reagan would be furious. Do you support something that Ronald Reagan would be strongly opposed? Are you a conservative or just a fool?