We've Been DUPED, America!

originally posted by: Grambler
a reply to: seasonal

The problem is we need spending cuts.

Coming from a guy that would clean the crack of the man who gave $54b to defense while cutting Medicare and most of the anti-poverty programs. Let's just cancel Social Security, Medicare, food stamps and all the other 'entitlement' programs. I mean for real, what are they going to do about it. Dead people don't complain.

"You'd save $4,484"
according to that calculator linked above.

Nothing there for me to bitch about (yet)

originally posted by: tinner07
a reply to: Grambler

An estimated 45.3 percent of American households — roughly 77.5 million — will pay no federal individual income tax,

and then...

The top 1 percent of taxpayers pay a higher effective income tax rate than any other group (around 23 percent, according to a report released by the Tax Policy Center in 2014) — nearly seven times higher than those in the bottom 50 percent.

So 7 times higher than the lowest 50%... which your source will pay nothing, or almost nothing... So seven times higher than nothing is how much exactly???

Seven multiplied by zero, now that's a tough one....

originally posted by: TXRabbit
"You'd save $4,484"
according to that calculator linked above.

Nothing there for me to bitch about (yet)

Of course not... You're getting money back like I am. That's the point. You're getting money back but not your fair shake.

You may be getting 3% back while the guy that makes double what you make is getting 4% back. How is that fair?

It's not about the total amount that you're getting. It's about the %.

How is everyone overlooking this factor? This IS my main point.


The tax brackets go from %:



- 0
- 3
- 3
- 4 (attention here)
- 1
- 0-2
- 2.4


What's with this odd curve? Why for only people making 150k to 199k?

(ats is being stupid)

a reply to: hopenotfeariswhatweneed

Seven multiplied by zero, now that's a tough one....

Exactly... I don't believe for a minute that the top 1% pay 0 taxes... but that is pretty much what his source stated. Somebody has some flawed math somewhere.

$200 per month food stamps balances it all out eh?

The 1% should be paying 50% taxes.

a reply to: StallionDuck

I won't be satisfied until they get rid of the brackets and move to a flat percentage. Then it would be better to do away with income tax and move to consumer only.

originally posted by: BELIEVERpriest
a reply to: StallionDuck

I won't be satisfied until they get rid of the brackets and move to a flat percentage. Then it would be better to do away with income tax and move to consumer only.

If they did that, how would the military industrial complex be funded .

I'm betting you're not going to satisfied anytime in the near future.

If rich people don't pay taxes why do they want a tax cut?

a reply to: Bluntone22

If I remember Romney and Warren Buffet paid some where around 15%.

Flat tax is the only way to end all the Tom Foolery. But that removes power from Congress/pres.

So we will get this joke passed and watch the national debt continue to bloom.

a reply to: jtma508

What Medicare cuts ?

Where in any bill is that one?

a reply to: seasonal

Do you honestly think that if you doubled the tax on the rich that it would lower the national debt?
Fix the spending problem first.

And I agree with a flat tax.

originally posted by: hopenotfeariswhatweneed

originally posted by: tinner07
a reply to: Grambler

An estimated 45.3 percent of American households — roughly 77.5 million — will pay no federal individual income tax,

and then...

The top 1 percent of taxpayers pay a higher effective income tax rate than any other group (around 23 percent, according to a report released by the Tax Policy Center in 2014) — nearly seven times higher than those in the bottom 50 percent.

So 7 times higher than the lowest 50%... which your source will pay nothing, or almost nothing... So seven times higher than nothing is how much exactly???

Seven multiplied by zero, now that's a tough one....

Hahaha.

Around 47 don't pay anything. The bottom 5p percent do pay a little.

Here is the source that article used.


taxfoundation.org...

Top 50 Percent of All Taxpayers Paid 97.2 Percent of All Federal Income Taxes; Top 1 Percent Paid 38.1 Percent; and Bottom 90 Percent Paid 29.7 Percent of All Federal Income Taxes
Figure 1 shows the distribution of AGI and income taxes paid by income percentiles in 2012. In 2012, the bottom 50 percent of taxpayers (those with AGIs below $36,055) earned 11.1 percent of total AGI. This group of taxpayers paid approximately $33 billion in taxes, or 2.8 percent of all income taxes in 2012.

The bottoms 50 percent pay about 3 percent of the income tax.

originally posted by: jtma508

originally posted by: Grambler
a reply to: seasonal

The problem is we need spending cuts.

Coming from a guy that would clean the crack of the man who gave $54b to defense while cutting Medicare and most of the anti-poverty programs. Let's just cancel Social Security, Medicare, food stamps and all the other 'entitlement' programs. I mean for real, what are they going to do about it. Dead people don't complain.

Real mature.

I am cleaning someomes crack?
Come back when you have something productive to say.

I thank the rich every day for paying the most taxes.

originally posted by: IgnoranceIsntBlisss
$200 per month food stamps balances it all out eh?

The 1% should be paying 50% taxes.

Well the pay around 38 percent.

I know it's popular to say the wealthy should pay for everything, but if you tax them much higher they will just move or stop generating wealth.

Apparently the 1 percent paying 38 percent is not enough.

If we went to 50 percent, people wwould then scream for 75.

Soon we would have full on socialism.

And ask venezuela, that doesn't work So well.

a reply to: StallionDuck

What you don’t grasp is these numbers don’t matter.
They did an eenie meenie minie moe on those numbers. That’s why they make no sense—their irrelevant to the GOP.

The real numbers are the tax cuts for the rich, that’s all that matters to the republican mind.

Everything else is just what you said--scraps.

a reply to: Grambler

You know what that's the problem, 50% of the population earn so little they don't pay tax, in fact they rely on food stamps and other tax funded programs. Fix that and the economy might grow to benefit everyone.

As far as the comments on 7 times 0,thats was a little tongue in cheek.

originally posted by: hopenotfeariswhatweneed
a reply to: Grambler

You know what that's the problem, 50% of the population earn so little they don't pay tax, in fact they rely on food stamps and other tax funded programs. Fix that and the economy might grow to benefit everyone.

As far as the comments on 7 times 0,thats was a little tongue in cheek.

Well of course the economy needs to help everyone.

However, how to get there is the issue.

That could fill a thousand threads on ats.

Suffice it to say, it doesn't seem like the past 20 years of economic policy have helped.

Perhaps we need policies designed to help Americans instead of striving for globalism.

a reply to: StallionDuck

I WISH!

Look at what we in Canada get smoked with!

I pay 46.41% tax. Granted our health care here is free...for the most part. But still, for the amount of time I actually need to go to the hospital..I feel Im being wayyyy over taxed

Canadas tax brackets