Billionaires can pay more taxes. You don't have to be afraid.
It appears that many people are afraid to say that billionaires should pay more taxes.
Chocura750 wrote:
It appears that many people are afraid to say that billionaires should pay more taxes.
Why should they pay more taxes? They already pay more than their fair share. The top 1% income tax payers pay 24% of all income taxes. The top 20% pay 85% of all income taxes, and the bottom 45% pay zero!
[quote=Rivers]Why should they pay more taxes? They already pay more than their fair share. The top 1% income tax payers pay 24% of all income taxes. The top 20% pay 85% of all income taxes, and the bottom 45% pay zero![/quot
I believe everyone should pay taxes, even if it's $5. That way everyone contributes and has skin in the game.
Chocura750 wrote:
It appears that many people are afraid to say that billionaires should pay more taxes.
The difference between the incomes of half of Americans and the top 1% is, a factor of 1000%. Sure, the handful of people at the top pay a combined tax which comprises nearly 25% of total tax revenues, but that is vastly non proportional. It isn't a question of how much tax you pay, it's question of how much you pay on every dollar earned - which tells you how much you have left to live on.
A person making $50,000 gross, will pay an average of 22% effective tax, leaving them with $39,000 to live on. A person making $100,000,000 gross, will pay an effective tax rate of 11%, leaving them with $89,000,000 to live on. So, tell me; should our hearts bleed for someone with $89,000,000 to try and makes ends meet with? Bear in mind, 2/3 of the tax code, is comprised of special interest tax deductions, exemptions and credits, that only apply to the top 10%.
The uber rich spend a lot of money to get and keep those special tax breaks, money they should be paying AS taxes.
Nothing to be afraid of, billionaires pay for more than the average tax payer. Bet you wouldn't want more taxes taken. They earned it they should be allowed
to keep it.
Chocura750 wrote:
It appears that many people are afraid to say that billionaires should pay more taxes.
lpnmajor wrote:
The difference between the incomes of half of Americans and the top 1% is, a factor of 1000%. Sure, the handful of people at the top pay a combined tax which comprises nearly 25% of total tax revenues, but that is vastly non proportional. It isn't a question of how much tax you pay, it's question of how much you pay on every dollar earned - which tells you how much you have left to live on.
A person making $50,000 gross, will pay an average of 22% effective tax, leaving them with $39,000 to live on. A person making $100,000,000 gross, will pay an effective tax rate of 11%, leaving them with $89,000,000 to live on. So, tell me; should our hearts bleed for someone with $89,000,000 to try and makes ends meet with? Bear in mind, 2/3 of the tax code, is comprised of special interest tax deductions, exemptions and credits, that only apply to the top 10%.
The uber rich spend a lot of money to get and keep those special tax breaks, money they should be paying AS taxes.
The difference between the incomes of half of Amer... (
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Where did you get these BOGUS numbers????? "
A person making $100,000,000 gross, will pay an effective tax rate of 11%, leaving them with $89,000,000 to live on."????!!!!! Where did you get that? I have made well over a $100,000 for years but my effective tax rate was always 20-25%!
lpnmajor wrote:
The difference between the incomes of half of Americans and the top 1% is, a factor of 1000%. Sure, the handful of people at the top pay a combined tax which comprises nearly 25% of total tax revenues, but that is vastly non proportional. It isn't a question of how much tax you pay, it's question of how much you pay on every dollar earned - which tells you how much you have left to live on.
A person making $50,000 gross, will pay an average of 22% effective tax, leaving them with $39,000 to live on. A person making $100,000,000 gross, will pay an effective tax rate of 11%, leaving them with $89,000,000 to live on. So, tell me; should our hearts bleed for someone with $89,000,000 to try and makes ends meet with? Bear in mind, 2/3 of the tax code, is comprised of special interest tax deductions, exemptions and credits, that only apply to the top 10%.
The uber rich spend a lot of money to get and keep those special tax breaks, money they should be paying AS taxes.
The difference between the incomes of half of Amer... (
show quote)
You are full of shit! The tax rate on one million dollars is NOT just 11 percent. It is 39.6% on one million dollars. And THAT is only Federal Tax Rate.
He's always spouting crap. Never listen to him. Another troll.
Rivers wrote:
Where did you get these BOGUS numbers????? "A person making $100,000,000 gross, will pay an effective tax rate of 11%, leaving them with $89,000,000 to live on."????!!!!! Where did you get that? I have made well over a $100,000 for years but my effective tax rate was always 20-25%!
You sound like a skinny person blaming a fat person because you didn't get enough to eat.
Chocura750 wrote:
It appears that many people are afraid to say that billionaires should pay more taxes.
lpnmajor wrote:
The difference between the incomes of half of Americans and the top 1% is, a factor of 1000%. Sure, the handful of people at the top pay a combined tax which comprises nearly 25% of total tax revenues, but that is vastly non proportional. It isn't a question of how much tax you pay, it's question of how much you pay on every dollar earned - which tells you how much you have left to live on.
A person making $50,000 gross, will pay an average of 22% effective tax, leaving them with $39,000 to live on. A person making $100,000,000 gross, will pay an effective tax rate of 11%, leaving them with $89,000,000 to live on. So, tell me; should our hearts bleed for someone with $89,000,000 to try and makes ends meet with? Bear in mind, 2/3 of the tax code, is comprised of special interest tax deductions, exemptions and credits, that only apply to the top 10%.
The uber rich spend a lot of money to get and keep those special tax breaks, money they should be paying AS taxes.
The difference between the incomes of half of Amer... (
show quote)
"Bear in mind".........
Yes BEAR in mind that you are a complete frigging azz hole and post any sort of garbage that POPS into your diseased mind....the BEAR in mind...should be SHIT in mind.......
Chocura750 wrote:
It appears that many people are afraid to say that billionaires should pay more taxes.
It appears many people are afraid to say that people like you should be hung in public for treason...so for all those that are afraid to say it...I will say it for them....
You belong hung in public for treason!
Billionaires don't earn their income. Its based on the work of others.
You are so sad with your make believe numbers, that $100,000 goes a lot further in Seattle than Queens , do even think? After paying that tax in New York you'd have state,and local plus all the costs of living in that area.
lpnmajor wrote:
The difference between the incomes of half of Americans and the top 1% is, a factor of 1000%. Sure, the handful of people at the top pay a combined tax which comprises nearly 25% of total tax revenues, but that is vastly non proportional. It isn't a question of how much tax you pay, it's question of how much you pay on every dollar earned - which tells you how much you have left to live on.
A person making $50,000 gross, will pay an average of 22% effective tax, leaving them with $39,000 to live on. A person making $100,000,000 gross, will pay an effective tax rate of 11%, leaving them with $89,000,000 to live on. So, tell me; should our hearts bleed for someone with $89,000,000 to try and makes ends meet with? Bear in mind, 2/3 of the tax code, is comprised of special interest tax deductions, exemptions and credits, that only apply to the top 10%.
The uber rich spend a lot of money to get and keep those special tax breaks, money they should be paying AS taxes.
The difference between the incomes of half of Amer... (
show quote)
What a stupid thing to say. Never mind, it's par for your course.
Chocura750 wrote:
Billionaires don't earn their income. Its based on the work of others.
Sounds to me we have a real, 'you got, i want'.
JFlorio wrote:
What a stupid thing to say. Never mind, it's par for your course.
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