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Do The Rich Pay Their "Fair Share"?

bballcrook21
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5/22/2016 9:14:07 PM
Posted: 6 months ago
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Greyparrot
Posts: 14,322
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5/22/2016 9:55:27 PM
Posted: 6 months ago
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

They would with a National Sales Tax that cuts the middle man politician out of the equation.
bballcrook21
Posts: 4,468
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5/22/2016 10:02:13 PM
Posted: 6 months ago
At 5/22/2016 9:55:27 PM, Greyparrot wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

They would with a National Sales Tax that cuts the middle man politician out of the equation.

Sales taxes harm the poor to a degree that is far too big to overlook. They don't raise too much revenue either and simply creates incentive for less buying.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Greyparrot
Posts: 14,322
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5/22/2016 10:22:16 PM
Posted: 6 months ago
At 5/22/2016 10:02:13 PM, bballcrook21 wrote:
At 5/22/2016 9:55:27 PM, Greyparrot wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

They would with a National Sales Tax that cuts the middle man politician out of the equation.

Sales taxes harm the poor to a degree that is far too big to overlook. They don't raise too much revenue either and simply creates incentive for less buying.

The poor should be taxed as a requisite to responsible voting.
bballcrook21
Posts: 4,468
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5/22/2016 10:27:22 PM
Posted: 6 months ago
At 5/22/2016 10:22:16 PM, Greyparrot wrote:
At 5/22/2016 10:02:13 PM, bballcrook21 wrote:
At 5/22/2016 9:55:27 PM, Greyparrot wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

They would with a National Sales Tax that cuts the middle man politician out of the equation.

Sales taxes harm the poor to a degree that is far too big to overlook. They don't raise too much revenue either and simply creates incentive for less buying.

The poor should be taxed as a requisite to responsible voting.

I simply think that the government should be so small that voting doesn't chance much to side of authority, but I do not like the idea of poor voters. Voting should be restricted to intelligent people with an education and some stake in the economy, and anyone on government assistance or that has received government assistance in the past couple of years should not have the right to vote.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Greyparrot
Posts: 14,322
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5/22/2016 11:01:36 PM
Posted: 6 months ago
At 5/22/2016 10:27:22 PM, bballcrook21 wrote:
At 5/22/2016 10:22:16 PM, Greyparrot wrote:
At 5/22/2016 10:02:13 PM, bballcrook21 wrote:
At 5/22/2016 9:55:27 PM, Greyparrot wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

They would with a National Sales Tax that cuts the middle man politician out of the equation.

Sales taxes harm the poor to a degree that is far too big to overlook. They don't raise too much revenue either and simply creates incentive for less buying.

The poor should be taxed as a requisite to responsible voting.

I simply think that the government should be so small that voting doesn't chance much to side of authority, but I do not like the idea of poor voters. Voting should be restricted to intelligent people with an education and some stake in the economy, and anyone on government assistance or that has received government assistance in the past couple of years should not have the right to vote.

Anyone that pays taxes has a stake in the economy. Thousands of pages of tax code cut down to a few pages with a fair rate is how you downsize the government, it does not necessarily have to be a sales tax.
bballcrook21
Posts: 4,468
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5/22/2016 11:03:04 PM
Posted: 6 months ago
At 5/22/2016 11:01:36 PM, Greyparrot wrote:
At 5/22/2016 10:27:22 PM, bballcrook21 wrote:
At 5/22/2016 10:22:16 PM, Greyparrot wrote:
At 5/22/2016 10:02:13 PM, bballcrook21 wrote:
At 5/22/2016 9:55:27 PM, Greyparrot wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

They would with a National Sales Tax that cuts the middle man politician out of the equation.

Sales taxes harm the poor to a degree that is far too big to overlook. They don't raise too much revenue either and simply creates incentive for less buying.

The poor should be taxed as a requisite to responsible voting.

I simply think that the government should be so small that voting doesn't chance much to side of authority, but I do not like the idea of poor voters. Voting should be restricted to intelligent people with an education and some stake in the economy, and anyone on government assistance or that has received government assistance in the past couple of years should not have the right to vote.

Anyone that pays taxes has a stake in the economy. Thousands of pages of tax code cut down to a few pages with a fair rate is how you downsize the government, it does not necessarily have to be a sales tax.

It all matters on how much they pay in taxes. Someone who pays the top tax rate should have a much bigger say than someone who pays far less, as that person with a smaller tax payment will evidently be far more open to tax and government enlargements on the behalf of the man who pays more in taxes.

I simply think that we should have a flat tax of 0% and that we need to exist in a nightwatchman state, and that's simply it.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
The-Voice-of-Truth
Posts: 6,571
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5/22/2016 11:18:12 PM
Posted: 6 months ago
At 5/22/2016 11:03:04 PM, bballcrook21 wrote:
I simply think that we should have a flat tax of 0% and that we need to exist in a nightwatchman state, and that's simply it.

That'd be really nice.
Suh dude

"Because we all know who the most important snowflake in the wasteland is... It's YOU, champ! You're a special snowflake." -Vaarka, 01:30 in the hangouts

"Screw laying siege to Korea. That usually takes an hour or so." -Vaarka

"Crap, what is my religion again?" -Vaarka

I'm Rick Harrison and this is my pawn shop. I work here with my old man and my son, Big Hoss, and in 23 years I've learned one thing. You never know what is gonna come through that door.
bballcrook21
Posts: 4,468
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5/22/2016 11:33:43 PM
Posted: 6 months ago
At 5/22/2016 11:18:12 PM, The-Voice-of-Truth wrote:
At 5/22/2016 11:03:04 PM, bballcrook21 wrote:
I simply think that we should have a flat tax of 0% and that we need to exist in a nightwatchman state, and that's simply it.

That'd be really nice.

Minarchy for the win!
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
The-Voice-of-Truth
Posts: 6,571
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5/22/2016 11:37:19 PM
Posted: 6 months ago
At 5/22/2016 11:33:43 PM, bballcrook21 wrote:
At 5/22/2016 11:18:12 PM, The-Voice-of-Truth wrote:
At 5/22/2016 11:03:04 PM, bballcrook21 wrote:
I simply think that we should have a flat tax of 0% and that we need to exist in a nightwatchman state, and that's simply it.

That'd be really nice.

Minarchy for the win!

Not yet. Soon, though. Soon......
Suh dude

"Because we all know who the most important snowflake in the wasteland is... It's YOU, champ! You're a special snowflake." -Vaarka, 01:30 in the hangouts

"Screw laying siege to Korea. That usually takes an hour or so." -Vaarka

"Crap, what is my religion again?" -Vaarka

I'm Rick Harrison and this is my pawn shop. I work here with my old man and my son, Big Hoss, and in 23 years I've learned one thing. You never know what is gonna come through that door.
TBR
Posts: 9,991
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5/22/2016 11:58:49 PM
Posted: 6 months ago
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

Obviously "fair share" is intended to skew this conversation. The "rich" are not paying enough, but pay more than there "share" and it is fair. Is that good enough?
bballcrook21
Posts: 4,468
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5/23/2016 12:06:15 AM
Posted: 6 months ago
At 5/22/2016 11:58:49 PM, TBR wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

Obviously "fair share" is intended to skew this conversation. The "rich" are not paying enough, but pay more than there "share" and it is fair. Is that good enough?

No, it isn't good enough. Making more means paying more by wealth, not by percentages. Success doesn't mean you contribute more wealth and a larger percentage of it.

And actually, for the seemingly small minority the rich are, they pay their fair share and more. Don't forget that the private sector is their creation.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
XVIII
Posts: 39
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5/23/2016 12:13:32 AM
Posted: 6 months ago
At 5/22/2016 11:01:36 PM, Greyparrot wrote:
At 5/22/2016 10:27:22 PM, bballcrook21 wrote:
At 5/22/2016 10:22:16 PM, Greyparrot wrote:
At 5/22/2016 10:02:13 PM, bballcrook21 wrote:
At 5/22/2016 9:55:27 PM, Greyparrot wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

They would with a National Sales Tax that cuts the middle man politician out of the equation.

Sales taxes harm the poor to a degree that is far too big to overlook. They don't raise too much revenue either and simply creates incentive for less buying.

The poor should be taxed as a requisite to responsible voting.

I simply think that the government should be so small that voting doesn't chance much to side of authority, but I do not like the idea of poor voters. Voting should be restricted to intelligent people with an education and some stake in the economy, and anyone on government assistance or that has received government assistance in the past couple of years should not have the right to vote.

Anyone that pays taxes has a stake in the economy. Thousands of pages of tax code cut down to a few pages with a fair rate is how you downsize the government, it does not necessarily have to be a sales tax.

So you're saying that essentially this majority could actually enslave the poor since they do not have any say?
Greyparrot
Posts: 14,322
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5/23/2016 12:17:47 AM
Posted: 6 months ago
At 5/23/2016 12:13:32 AM, XVIII wrote:
At 5/22/2016 11:01:36 PM, Greyparrot wrote:
At 5/22/2016 10:27:22 PM, bballcrook21 wrote:
At 5/22/2016 10:22:16 PM, Greyparrot wrote:
At 5/22/2016 10:02:13 PM, bballcrook21 wrote:
At 5/22/2016 9:55:27 PM, Greyparrot wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

They would with a National Sales Tax that cuts the middle man politician out of the equation.

Sales taxes harm the poor to a degree that is far too big to overlook. They don't raise too much revenue either and simply creates incentive for less buying.

The poor should be taxed as a requisite to responsible voting.

I simply think that the government should be so small that voting doesn't chance much to side of authority, but I do not like the idea of poor voters. Voting should be restricted to intelligent people with an education and some stake in the economy, and anyone on government assistance or that has received government assistance in the past couple of years should not have the right to vote.

Anyone that pays taxes has a stake in the economy. Thousands of pages of tax code cut down to a few pages with a fair rate is how you downsize the government, it does not necessarily have to be a sales tax.

So you're saying that essentially this majority could actually enslave the poor since they do not have any say?

Anyone that pays taxes is not a slave.
XVIII
Posts: 39
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5/23/2016 12:20:44 AM
Posted: 6 months ago
At 5/23/2016 12:17:47 AM, Greyparrot wrote:
At 5/23/2016 12:13:32 AM, XVIII wrote:
At 5/22/2016 11:01:36 PM, Greyparrot wrote:
At 5/22/2016 10:27:22 PM, bballcrook21 wrote:
At 5/22/2016 10:22:16 PM, Greyparrot wrote:
At 5/22/2016 10:02:13 PM, bballcrook21 wrote:
At 5/22/2016 9:55:27 PM, Greyparrot wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

They would with a National Sales Tax that cuts the middle man politician out of the equation.

Sales taxes harm the poor to a degree that is far too big to overlook. They don't raise too much revenue either and simply creates incentive for less buying.

The poor should be taxed as a requisite to responsible voting.

I simply think that the government should be so small that voting doesn't chance much to side of authority, but I do not like the idea of poor voters. Voting should be restricted to intelligent people with an education and some stake in the economy, and anyone on government assistance or that has received government assistance in the past couple of years should not have the right to vote.

Anyone that pays taxes has a stake in the economy. Thousands of pages of tax code cut down to a few pages with a fair rate is how you downsize the government, it does not necessarily have to be a sales tax.

So you're saying that essentially this majority could actually enslave the poor since they do not have any say?

Anyone that pays taxes is not a slave.

So if you don't pay taxes you are a slave?
TBR
Posts: 9,991
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5/23/2016 12:21:30 AM
Posted: 6 months ago
At 5/23/2016 12:06:15 AM, bballcrook21 wrote:
At 5/22/2016 11:58:49 PM, TBR wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

Obviously "fair share" is intended to skew this conversation. The "rich" are not paying enough, but pay more than there "share" and it is fair. Is that good enough?

No, it isn't good enough. Making more means paying more by wealth, not by percentages. Success doesn't mean you contribute more wealth and a larger percentage of it.
Yea it does. You may disagree if you please, but we have had a progressive tax for our entire history - as do almost every country.


And actually, for the seemingly small minority the rich are, they pay their fair share and more. Don't forget that the private sector is their creation.
No.... Not really.
bballcrook21
Posts: 4,468
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5/23/2016 12:23:23 AM
Posted: 6 months ago
At 5/23/2016 12:21:30 AM, TBR wrote:
At 5/23/2016 12:06:15 AM, bballcrook21 wrote:
At 5/22/2016 11:58:49 PM, TBR wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

Obviously "fair share" is intended to skew this conversation. The "rich" are not paying enough, but pay more than there "share" and it is fair. Is that good enough?

No, it isn't good enough. Making more means paying more by wealth, not by percentages. Success doesn't mean you contribute more wealth and a larger percentage of it.
Yea it does. You may disagree if you please, but we have had a progressive tax for our entire history - as do almost every country.

I'm fully aware that we have a very stupid progressive tax. We shouldn't have it though. It only allows for tax loopholes and forcing money overseas, whereas a flat tax would be preferable. The poor should pay more than they currently do or at least they should have all of their assistance removed. If you don't pay in the system you don't deserve anything back.



And actually, for the seemingly small minority the rich are, they pay their fair share and more. Don't forget that the private sector is their creation.
No.... Not really.

Not really? Are you serious? Did the government create the private sector, or was it a lack of government intervention into the market that lead to entrepreneurs to start businesses and invest?
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
slo1
Posts: 4,361
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5/23/2016 12:39:02 AM
Posted: 6 months ago
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

That does not seem bad at all, especially when the 94th percentile and lower pay just slightly more than share or less.
KingDavid8
Posts: 63
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5/23/2016 12:39:08 AM
Posted: 6 months ago
Taxes should come out of discretionary income. The rich have a lot more of that than the poor do. Personally, I think that if you make less than about $25,000, you shouldn't have to pay taxes at all, since pretty much everything you make goes towards your basic living expenses.
TBR
Posts: 9,991
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5/23/2016 12:39:46 AM
Posted: 6 months ago
At 5/23/2016 12:23:23 AM, bballcrook21 wrote:
At 5/23/2016 12:21:30 AM, TBR wrote:
At 5/23/2016 12:06:15 AM, bballcrook21 wrote:
At 5/22/2016 11:58:49 PM, TBR wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

Obviously "fair share" is intended to skew this conversation. The "rich" are not paying enough, but pay more than there "share" and it is fair. Is that good enough?

No, it isn't good enough. Making more means paying more by wealth, not by percentages. Success doesn't mean you contribute more wealth and a larger percentage of it.
Yea it does. You may disagree if you please, but we have had a progressive tax for our entire history - as do almost every country.

I'm fully aware that we have a very stupid progressive tax. We shouldn't have it though. It only allows for tax loopholes and forcing money overseas, whereas a flat tax would be preferable. The poor should pay more than they currently do or at least they should have all of their assistance removed. If you don't pay in the system you don't deserve anything back.

You want the poor to pay more... well that sure works.




And actually, for the seemingly small minority the rich are, they pay their fair share and more. Don't forget that the private sector is their creation.
No.... Not really.

Not really? Are you serious? Did the government create the private sector, or was it a lack of government intervention into the market that lead to entrepreneurs to start businesses and invest?

How many people in the top 10% net worth do you know? I think you would be shocked at how few have ever done anything resembling creating. The market is.... well, it too does not create the enterprise. The delusion of every reader of Ayn Rand.
Greyparrot
Posts: 14,322
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5/23/2016 12:57:02 AM
Posted: 6 months ago
At 5/23/2016 12:20:44 AM, XVIII wrote:


Anyone that pays taxes is not a slave.

So if you don't pay taxes you are a slave?

You can phrase it nicely and say ward of the state.
XVIII
Posts: 39
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5/23/2016 1:01:24 AM
Posted: 6 months ago
At 5/23/2016 12:57:02 AM, Greyparrot wrote:
At 5/23/2016 12:20:44 AM, XVIII wrote:


Anyone that pays taxes is not a slave.

So if you don't pay taxes you are a slave?

You can phrase it nicely and say ward of the state.

I don't know about you but not paying taxes seems to provide much more freedom than handing over 35%+ of your income
bballcrook21
Posts: 4,468
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5/23/2016 1:24:20 AM
Posted: 6 months ago
At 5/23/2016 12:39:02 AM, slo1 wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

That does not seem bad at all, especially when the 94th percentile and lower pay just slightly more than share or less.

Correct, thank you for agreeing.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
bballcrook21
Posts: 4,468
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5/23/2016 1:26:15 AM
Posted: 6 months ago
At 5/23/2016 12:39:46 AM, TBR wrote:
At 5/23/2016 12:23:23 AM, bballcrook21 wrote:
At 5/23/2016 12:21:30 AM, TBR wrote:
At 5/23/2016 12:06:15 AM, bballcrook21 wrote:
At 5/22/2016 11:58:49 PM, TBR wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

Obviously "fair share" is intended to skew this conversation. The "rich" are not paying enough, but pay more than there "share" and it is fair. Is that good enough?

No, it isn't good enough. Making more means paying more by wealth, not by percentages. Success doesn't mean you contribute more wealth and a larger percentage of it.
Yea it does. You may disagree if you please, but we have had a progressive tax for our entire history - as do almost every country.

I'm fully aware that we have a very stupid progressive tax. We shouldn't have it though. It only allows for tax loopholes and forcing money overseas, whereas a flat tax would be preferable. The poor should pay more than they currently do or at least they should have all of their assistance removed. If you don't pay in the system you don't deserve anything back.

You want the poor to pay more... well that sure works.

Just as well as the rich paying more, because that's shown to work so well!





And actually, for the seemingly small minority the rich are, they pay their fair share and more. Don't forget that the private sector is their creation.
No.... Not really.

Not really? Are you serious? Did the government create the private sector, or was it a lack of government intervention into the market that lead to entrepreneurs to start businesses and invest?

How many people in the top 10% net worth do you know? I think you would be shocked at how few have ever done anything resembling creating. The market is.... well, it too does not create the enterprise. The delusion of every reader of Ayn Rand.

I'm not going to quote you my life, but I can tell you that I am currently part of the upper income bracket. Various wealthy businessmen have created quite a lot of wealth and quite a lot of product, in fact their investments and ability to create financial gain has lead to greater growth in industry. This is paired with stabilized monetary policy, but a removal of the federal monetary system can quickly bounce back with a competitive private currency system.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
bballcrook21
Posts: 4,468
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5/23/2016 1:37:31 AM
Posted: 6 months ago
At 5/23/2016 12:39:08 AM, KingDavid8 wrote:
Taxes should come out of discretionary income. The rich have a lot more of that than the poor do. Personally, I think that if you make less than about $25,000, you shouldn't have to pay taxes at all, since pretty much everything you make goes towards your basic living expenses.

I agree partly. I find that if you make any money at all, you shouldn't have to be stolen from in the form of taxes. However, as this is highly unlikely from stopping, I find that those living in poverty cannot be riddled with extra payments of taxes on top of paying for basic living expenses. In fact, I find that easing the burden through ending sales taxes as well as stopping certain regulations that marginalize the poor would be very helpful for easing poverty and expanding income mobility.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Wylted
Posts: 21,167
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5/23/2016 1:41:45 AM
Posted: 6 months ago
At 5/22/2016 11:01:36 PM, Greyparrot wrote:
At 5/22/2016 10:27:22 PM, bballcrook21 wrote:
At 5/22/2016 10:22:16 PM, Greyparrot wrote:
At 5/22/2016 10:02:13 PM, bballcrook21 wrote:
At 5/22/2016 9:55:27 PM, Greyparrot wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

They would with a National Sales Tax that cuts the middle man politician out of the equation.

Sales taxes harm the poor to a degree that is far too big to overlook. They don't raise too much revenue either and simply creates incentive for less buying.

The poor should be taxed as a requisite to responsible voting.

I simply think that the government should be so small that voting doesn't chance much to side of authority, but I do not like the idea of poor voters. Voting should be restricted to intelligent people with an education and some stake in the economy, and anyone on government assistance or that has received government assistance in the past couple of years should not have the right to vote.

Anyone that pays taxes has a stake in the economy. Thousands of pages of tax code cut down to a few pages with a fair rate is how you downsize the government, it does not necessarily have to be a sales tax.

I like the ideal of making your vote worth what your tax rate is
stealspell
Posts: 980
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5/23/2016 2:14:09 AM
Posted: 6 months ago
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

Heavens to Betsy, this is so misleading.

"From 2009 to 2012, average real income per family grew modestly by 6.9% (Table 1). However, the gains were very uneven. Top 1% incomes grew by 34.7% while bottom 99% incomes grew only by 0.8% from 2009 to 2012. Hence, the top 1% captured 91% of the income gains in the first three years of the recovery."

Do more research.

http://eml.berkeley.edu...
bballcrook21
Posts: 4,468
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5/23/2016 2:17:04 AM
Posted: 6 months ago
At 5/23/2016 2:14:09 AM, stealspell wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

Heavens to Betsy, this is so misleading.

"From 2009 to 2012, average real income per family grew modestly by 6.9% (Table 1). However, the gains were very uneven. Top 1% incomes grew by 34.7% while bottom 99% incomes grew only by 0.8% from 2009 to 2012. Hence, the top 1% captured 91% of the income gains in the first three years of the recovery."

Do more research.

http://eml.berkeley.edu...

Hilarious how you refuse to quote the part that is good in the paper and quote the part that is bad in the paper.

"3-2014: Finally, robust income growth for all groups
In 2014, real average incomes per family have grown substantially by
4.8%. Bottom 99% incomes grew by 3.3% from 2013 to 2014, the best annual
growth rate since 1999. Top 1% incomes grew even faster by 10.8% from
2013 to 2014. 2014 marks the first year of real recovery from the Great
Recession losses for the bottom 99%."
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
stealspell
Posts: 980
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5/23/2016 2:28:43 AM
Posted: 6 months ago
At 5/23/2016 2:17:04 AM, bballcrook21 wrote:
At 5/23/2016 2:14:09 AM, stealspell wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

Heavens to Betsy, this is so misleading.

"From 2009 to 2012, average real income per family grew modestly by 6.9% (Table 1). However, the gains were very uneven. Top 1% incomes grew by 34.7% while bottom 99% incomes grew only by 0.8% from 2009 to 2012. Hence, the top 1% captured 91% of the income gains in the first three years of the recovery."

Do more research.

http://eml.berkeley.edu...

Hilarious how you refuse to quote the part that is good in the paper and quote the part that is bad in the paper.

"3-2014: Finally, robust income growth for all groups
In 2014, real average incomes per family have grown substantially by
4.8%. Bottom 99% incomes grew by 3.3% from 2013 to 2014, the best annual
growth rate since 1999. Top 1% incomes grew even faster by 10.8% from
2013 to 2014. 2014 marks the first year of real recovery from the Great
Recession losses for the bottom 99%."

Hilarious that you don't even realize that that doesn't even support your argument... like, at all.
bballcrook21
Posts: 4,468
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5/23/2016 2:34:12 AM
Posted: 6 months ago
At 5/23/2016 2:28:43 AM, stealspell wrote:
At 5/23/2016 2:17:04 AM, bballcrook21 wrote:
At 5/23/2016 2:14:09 AM, stealspell wrote:
At 5/22/2016 9:14:07 PM, bballcrook21 wrote:
Do the wealthy pay their "fair share" of taxes? Actually, the wealthy are the only ones who pay their fair share of taxes. In fact, much, much more than their share. The top 20% pay a significantly HIGHER share of taxes than their share of income. But the bottom 80% pay a LOWER share of taxes than their share of income.
Americans' tax burden for each income quintile:
1.The bottom 20% make 5.1% of income, pay 0.4% of all federal taxes.
2. The second lowest 20% make 9.6% of income, pay 3.8% of all federal taxes.
3. The middle 20% make 14.2% of income, pay 9.1% of all federal taxes.
4. The second highest 20% make 20.4% of income, pay 17.6% of all federal taxes.
5. The highest 20% make 51.9% of income, pay 68.8% of all federal taxes.
And yes, the higher up you go, the trend continues.
6. The top 20th to 11th percentile make 14.6% of income, pay 15.5% of all federal taxes.
7. The top 10th to 6th percentile make 9.9% of income, pay 11.9% of all federal taxes.
8. The top 5th to 2nd percentile make 12.5% of income, pay 17.2% of all federal taxes.
9. The top 1% makes 14.9% of income, pays 24.2% of all federal taxes.

Sources:
http://www.taxpolicycenter.org...
http://www.taxpolicycenter.org...

Heavens to Betsy, this is so misleading.

"From 2009 to 2012, average real income per family grew modestly by 6.9% (Table 1). However, the gains were very uneven. Top 1% incomes grew by 34.7% while bottom 99% incomes grew only by 0.8% from 2009 to 2012. Hence, the top 1% captured 91% of the income gains in the first three years of the recovery."

Do more research.

http://eml.berkeley.edu...

Hilarious how you refuse to quote the part that is good in the paper and quote the part that is bad in the paper.

"3-2014: Finally, robust income growth for all groups
In 2014, real average incomes per family have grown substantially by
4.8%. Bottom 99% incomes grew by 3.3% from 2013 to 2014, the best annual
growth rate since 1999. Top 1% incomes grew even faster by 10.8% from
2013 to 2014. 2014 marks the first year of real recovery from the Great
Recession losses for the bottom 99%."

Hilarious that you don't even realize that that doesn't even support your argument... like, at all.

Really? Because as I see it, the poverty rate around the world has fallen significantly as a result of globalization, but the fiscal irresponsibility of government allowed for much of the wealth to go to the rich through protectionism while the same doesn't occur to the lower classes.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.