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#91
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an excellent read from the ACLU
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#92
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an excellent read from the ACLU
"Trevor" wrote in message
... "tony cooper" wrote in message ... If you get back that $100 that you sent in you paid zero. How do you function in society if you don't understand the impact of having your take-home pay reduced by $100 a month because you are loaning someone else $100 a month even if you eventually get that money back? I've yet to meet one of these mythical workers who pays zero income tax in any case. Over here you pay income tax on any income over $6,000, and it's pretty hard to live on $6,000! And that's STILL ignoring a hundred other taxes, levies, duties, excises, surcharges etc. at federal state and local levels you still have to pay! :-( Trevor. Your "over here" is not the same as our "over here". It's a fact that almost 50% of earners in the USA do not pay any federal income taxes. In New York State, 43% don't pay any state income tax. |
#93
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an excellent read from the ACLU
"Trevor" wrote in message
... "tony cooper" wrote in message ... That "pay zero federal income taxes" is spin. Right. The bottom 50% of the wage earners loan the government money for twelve months of the year. If they're earning a wage, withholding is taken out. They may get back part or all of that money as a refund, but they don't have use of the money until the refund is received. If you think a small percentage get back ALL of their income tax payments, let alone 50%, I've got a harbour bridge I'd like to sell you! :-) In fact it's more often the rich with the best accountants and miracle accounting schemes that pay no income tax :-( You are mistaken. It's the IRS stats that show almost 50% of the earners do not pay federal income taxes. Look it up yourself unless you want to keep believing the mistaken notion that it's only a small percentage. |
#94
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an excellent read from the ACLU
"Trevor" wrote in message
... "Martin Brown" wrote in message ... On 13/12/2011 13:44, Pete Stavrakoglou wrote: Per my last post. The top 1% pay over 40% of all federal income taxes, the top 5% over 70% and te top 10% over 80%. You can take all of the money rich people have and it would not put a dent in the deficit because our federal government has an insatiable appetite to spend. You appear to be confusing marginal rates of taxation with actual taxes paid On available evidence he is too stupid to realise that! Don't act so childish and start resorting to insults. You obvioulsy don't want to engage in a discussion but would rather make insults. |
#95
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an excellent read from the ACLU
"Martin Brown" wrote in message
... On 13/12/2011 13:44, Pete Stavrakoglou wrote: wrote in message ... "Pete wrote in message ... Greece is in the state it's in because of government spending, overly generous government benefits, lack of adequate tax collection, Dead right there, just as the US would be OK *IF* they actually collected taxes from the rich and big corporations. It's certainly not the poor where most of the money went in either country! Trevor. Per my last post. The top 1% pay over 40% of all federal income taxes, the top 5% over 70% and te top 10% over 80%. You can take all of the money rich people have and it would not put a dent in the deficit because our federal government has an insatiable appetite to spend. You appear to be confusing marginal rates of taxation with actual taxes paid - and that still assumes the highest earners do not cheat. Nothing I stated is incorrect, if you have issue with that contact the IRS and engage them - it's their statistics. I am not confusing anything. See for example the graph of top US marginal rate of taxation 1916-2010 and you can quickly understand why the US is near bankrupt now. http://visualizingeconomics.com/2011...tes-1916-2010/ Or you can look at historical tax rates by income group http://visualizingeconomics.com/2007...-income-group/ Left as an excercise for the reader to compute the actual tax take from each sector. What is entirely certain is that your claim is total garbage. The present US system is geared to making the already super rich elite with influence who can bribe politicians ever richer. Regards, Martin Brown |
#96
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an excellent read from the ACLU
"David J. Littleboy" wrote in message ... "Martin Brown" wrote: On 13/12/2011 13:44, Pete Stavrakoglou wrote: Per my last post. The top 1% pay over 40% of all federal income taxes, the top 5% over 70% and te top 10% over 80%. You can take all of the money rich people have and it would not put a dent in the deficit because our federal government has an insatiable appetite to spend. You appear to be confusing marginal rates of taxation with actual taxes paid - and that still assumes the highest earners do not cheat. Even worse, he's wrong on the facts of the claim. The top 1% of income earners in the US earn 24% of all income earned in the US. So you could run the government quite nicely if you took all the rich folk's income. Regardless of how much they earn, they pay 40% of all federal income taxes collected. I am not wrong on those facts, despite what you have claimed. The bottom 50%, on the other hand, earn so little money that you couldn't run the government even if you took it all. Again, whatever amount they earn does not change the fact that they don't pay federal income taxes. Again, my statement was correct. See for example the graph of top US marginal rate of taxation 1916-2010 and you can quickly understand why the US is near bankrupt now. http://visualizingeconomics.com/2011...tes-1916-2010/ Or you can look at historical tax rates by income group http://visualizingeconomics.com/2007...-income-group/ Left as an excercise for the reader to compute the actual tax take from each sector. What is entirely certain is that your claim is total garbage. The present US system is geared to making the already super rich elite with influence who can bribe politicians ever richer. Exactly. Simply returning high end tax rates to even GHWBush era levels would fix the deficit instantly and easily. And simply dropping the cap on payroll taxes would fix Social Security for ever. Right! Do you really think that increasing the amount of money collected will lower the deficit when the federal government is itching to spend more and more money? Until we have a President and a majority in the Senate who are commited to slashing spending it doesn't matter how much money they collect. Medicare, however, is much much harder. (Making Medicare cover everyone and charging a premium indexed to one's income tax payment would give us time to work on the problems of medical care and costs. The stuff in PPACA other than the insurance rules makes a good start on getting US medical costs under control, though.) -- David J. Littleboy Tokyo, Japan |
#97
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an excellent read from the ACLU
On 15/12/2011 13:31, Pete Stavrakoglou wrote:
"David J. wrote in message ... "Martin wrote: On 13/12/2011 13:44, Pete Stavrakoglou wrote: Per my last post. The top 1% pay over 40% of all federal income taxes, the top 5% over 70% and te top 10% over 80%. You can take all of the money rich people have and it would not put a dent in the deficit because our federal government has an insatiable appetite to spend. You appear to be confusing marginal rates of taxation with actual taxes paid - and that still assumes the highest earners do not cheat. Even worse, he's wrong on the facts of the claim. The top 1% of income earners in the US earn 24% of all income earned in the US. So you could run the government quite nicely if you took all the rich folk's income. Regardless of how much they earn, they pay 40% of all federal income taxes collected. I am not wrong on those facts, despite what you have claimed. You are absolutely clueless. The bottom 50%, on the other hand, earn so little money that you couldn't run the government even if you took it all. Again, whatever amount they earn does not change the fact that they don't pay federal income taxes. Again, my statement was correct. See for example the graph of top US marginal rate of taxation 1916-2010 and you can quickly understand why the US is near bankrupt now. http://visualizingeconomics.com/2011...tes-1916-2010/ Or you can look at historical tax rates by income group http://visualizingeconomics.com/2007...-income-group/ Left as an excercise for the reader to compute the actual tax take from each sector. What is entirely certain is that your claim is total garbage. The present US system is geared to making the already super rich elite with influence who can bribe politicians ever richer. Exactly. Simply returning high end tax rates to even GHWBush era levels would fix the deficit instantly and easily. And simply dropping the cap on payroll taxes would fix Social Security for ever. Right! Do you really think that increasing the amount of money collected will lower the deficit when the federal government is itching to spend more and more money? Until we have a President and a majority in the Senate who are commited to slashing spending it doesn't matter how much money they collect. A teapot party dumber than a rock nutter foams at the mouth again. Regards, Martin Brown |
#98
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an excellent read from the ACLU
On 15/12/2011 13:26, Pete Stavrakoglou wrote:
"Martin wrote in message ... On 13/12/2011 13:44, Pete Stavrakoglou wrote: wrote in message ... "Pete wrote in message ... Greece is in the state it's in because of government spending, overly generous government benefits, lack of adequate tax collection, Dead right there, just as the US would be OK *IF* they actually collected taxes from the rich and big corporations. It's certainly not the poor where most of the money went in either country! Trevor. Per my last post. The top 1% pay over 40% of all federal income taxes, the top 5% over 70% and te top 10% over 80%. You can take all of the money rich people have and it would not put a dent in the deficit because our federal government has an insatiable appetite to spend. You appear to be confusing marginal rates of taxation with actual taxes paid - and that still assumes the highest earners do not cheat. Nothing I stated is incorrect, if you have issue with that contact the IRS and engage them - it's their statistics. I am not confusing anything. I deduce that you cannot read or comprehend the information then. Lets see your evidence for this absurd claim! See for example the graph of top US marginal rate of taxation 1916-2010 and you can quickly understand why the US is near bankrupt now. http://visualizingeconomics.com/2011...tes-1916-2010/ Or you can look at historical tax rates by income group http://visualizingeconomics.com/2007...-income-group/ Left as an excercise for the reader to compute the actual tax take from each sector. What is entirely certain is that your claim is total garbage. The present US system is geared to making the already super rich elite with influence who can bribe politicians ever richer. Regards, Martin Brown Regards, Martin Brown |
#99
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an excellent read from the ACLU
"Martin Brown" wrote in message
... On 15/12/2011 13:31, Pete Stavrakoglou wrote: "David J. wrote in message ... "Martin wrote: On 13/12/2011 13:44, Pete Stavrakoglou wrote: Per my last post. The top 1% pay over 40% of all federal income taxes, the top 5% over 70% and te top 10% over 80%. You can take all of the money rich people have and it would not put a dent in the deficit because our federal government has an insatiable appetite to spend. You appear to be confusing marginal rates of taxation with actual taxes paid - and that still assumes the highest earners do not cheat. Even worse, he's wrong on the facts of the claim. The top 1% of income earners in the US earn 24% of all income earned in the US. So you could run the government quite nicely if you took all the rich folk's income. Regardless of how much they earn, they pay 40% of all federal income taxes collected. I am not wrong on those facts, despite what you have claimed. You are absolutely clueless. Perhaps you are. It's the IRS stats, not mine. If you have issue with those stas, take it up with them. Have a good day and try being nice to one person today, it might do your soul some good. |
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