The U.S. Already Soaks the Rich In 2021 the richest 1% paid 45.8% of income taxes, up from..

I don't think the lowest rate actually changed, so the Dems will likely do nothing.

 

I believe you are missing the point entirely. You start with the premise their wealth needs to be confiscated for your benefit. Their wealth is not for you to enjoy, nor is it yours or the governments for the taking. You did squadoosh to earn their wealth (never lifted a finger). Why is it "unfairer" as you put it? This is the complete antithesis of what it means to be American. Are you American? Are you a socialist, Marxist, Communist, a Democratic socialist? On what basis do you start with the premise it is your right to take from others until you consider it "fair"? I'm assuming you are American and support the US Constitution? If not then your opinion matters not, if so you should be ashamed to have abdicated your right to call yourself American.

 

According to the Federal Reserve wealth distribution tables, the upper 50% own 97% of the nation's wealth, therefore, if they are only paying less than half, they are getting a bargain, they should pay all of the nation's tax burden, save 3% for the lower 50%.

 

So what?

I watched lots and lots of rich folks line up, humble brag about how rich they were, and that they were against tax cuts. So f 'em. They tend to be Leftists. They claimed to be part of our coalition until they didn't get what they wanted, and then they didn't just walk away, a significant portion worked to elect Bribed Joe and crooked Hillary.

Here is Tom Cotton explaining the new reality to a Large Corporation that was backstabbing the Right.

https://www.theblaze.com › news › tom-cotton-kroger-woke-policies
Tom Cotton drops mic on woke Kroger CEO for running to ... - TheBlaze
Dec 7, 2022 'Tom Cotton drops mic on woke Kroger CEO for running to Republicans to save merger from Democrats: 'Best of luck' ... Instead, it triggered immediate antitrust concerns, especially among Democrats who are suspicious of massive corporations. After all, Kroger is the nation's second-largest'

 

Not sure what your point is. Yeah, some high earners can deal with a higher tax; but why should they? Greed and envy are not legitimate justifications for higher tax.

 

No, that is false. I have stated the real point: rich, greedy, privileged parasites are subsidized at the expense of taxpayers, and should rightly repay more of the subsidies they are given at others' expense.

No, that is just an outright fabrication on your part unrelated to anything I wrote. It is nothing but pure ad hominem speculation. You simply made it up, like all the rest of your silly, disingenuous bull$#!+. I said nothing about my benefit. You are merely trying to change the subject to me personally because you have no facts or logic to offer in support of your false and evil beliefs.

Why are you so desperately trying to change the subject to me personally?

As if we both don't know very well why...

The privileged are the ones who have already done the taking, with government's generous help, and I will thank you to remember it.

Yes, well, the privileged never did squadoosh to earn the economic rents of their privileges, either.

Because government forcibly abrogates people's rights for the unearned profit of the privileged without making just compensation.

You are not the arbiter of what it means to be American, sorry.

No.

No. I have said many times that socialism is even worse than capitalism, and I have explained why.

That is just more absurd and disingenuous bull$#!+ you have made up. Taxation is not "me" taking from others.

No. The Constitution was created to replace the Articles of Confederation because rich, greedy, privileged parasites did not want to repay the subsidies they were being given. That is the purpose of the constitutional prohibition on direct taxes not apportioned among the states by population.

I'm not American. So you see, your claim that my post on the subject of the American tax system was somehow aimed at my own benefit was nothing but silly, unsupported, and disingenuous ad hominem tripe. Inevitably.

 

the one that spends the most money in a store pays the most in sales tx

same with the ones that earn the most dollars

that said, you don't give the rich a tax cut cause they made more dollars, the making more dollars to pay tax on WAS the reward

 

You are ALL missing the point. You are arguing about how much wealth others have. How much taxes they pay. They have hidden the ball on you, and since you don't understand where the ball is you run around arguing about who has the ball, what they can do with it, and how you can get it. They have you so duped and confused you're all arguing amongst yourselves and just don't get it.

Government spending IS A TAX. It is not some benefit you get from the rich. Not even close to a free lunch.

Right now 35% of US government spending comes from all forms of direct taxation... TOTAL. Only 25% is paid with income taxes. Obviously the rich pay the overwhelming majority of this 25%. However, 65% of the spending comes out of YOUR POCKETS with the inflation tax. Not paid for utilizing the tax code whatsoever. Nor is it ever really voted on. It is funded by printing money. When they spend $4.655T more than what they take in through direct taxation, they just print the difference. When they monetize $4.655T this will cause the total price of everything we purchase to increase by EXACTLY $4.655T within 2 years. And they are doing it EVERY year. Worse, they tell you the spending (you pay for it whether you understand this or not) is the reason you should vote for them. When the government overspends by $4.655T per year they make you believe this is for your benefit. As if spending were all there is to it. But this is all paid by YOU in the form of inflation. No doubt about it! Study the economics of what they are doing.

Worse, of this $4.655T about 35% is paid for by the bottom 20% earners. The poor pay a much higher percentage of the inflation tax. About 75% of the inflation tax is paid for by the middle class. The wealthy actually pay a small negative rate on the inflation tax. Look at the numbers.

These are decent estimates, more of a good guess based on economic estimates. No one can know EXACTLY what each person or group pays as it depends on what percentage of your income you spend in direct payment (for instance purchasing groceries or rent). The poor spend virtually 100% of their income on subsistence products. Furthermore, the money flows from the government to the uber wealthy, then to the middle class and on down. So the wealthy get to spend the smaller portion of their wealth and income on subsistence products BEFORE prices rise. By the time the middle class spends their income the prices have already begun to rise. By the time the poor spend virtually 100% of their income, inflation has fully set it so they effectively pay at a rate much higher than all other groups.

Inflationary Expenditures (Tax)
Poor (bottom 20%) : -4.655T X 0.35 = $1.629 Trillion this year
Middle class (20-95%): -4.655T X 0.75 = $3.491 Trillion this year
Wealthy (top 5%) : -4.655T X -0.10 = -$0.466 Trillion this year (In their favor!!!)

And here you are, so confused you are arguing about who is paying the 25% of revenues raised through the tax code. Wake up. Figure it out. Study economics and what is really going on here. You are missing the forest for the trees. Why fuss over the tax code and attempt to misconstrue the statistics on who pays more of the 25%? The rich are without a doubt overtaxed in regards to the tax code. In fact we would all be better off if they dropped the tax rate much lower. But understand, this isn't where the money is coming from. The money used for the excessive spending is in large part being printed and this is DEFINITELY NOT A FREE LUNCH. It is paid for in very short order by the poor and middle classes.

 

so what percent of the money did the top 1% make? Yet they only paid 45.8% of the tax?

 

That inflation is a tax on the poor is a point with which I agree, and have posted on that subject a number of times, but it's a separate argument.

 

yep, Trump was more worried about making the corp tax cuts permanent

 

I'm neither greedy nor envious of them.
Neither do I have any desire to go to bat for them, as I can't remember them going to bat for us.
Further, they never pay the higher tax rates, anyway. Except for Trump's SALT taxes, the taxing language always has loopholes for their accountants to find.

 

fake news, top earners pay less tax per dollar they earn then the middle class does

 

"Per dollar" of what? income? I don't think so. Top one percenters earn about 20% of income and pay nearly 40% of total income tax. The bottom 50% of earners pay a few percent and many get earned income credits.

 

If you scroll up to post #29, you'll see that they generally don't see any difference between wealth and income, and somehow think that raising income taxes is going to get that "wealth."

 

Income and possession are different measures. Remember most wealth is acquired with after-tax income.

 

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they pay less percent per dollar earned of all the income they earn then the middle class does

 

labored income is not the only kinda income I agree, and the rich earn less of their income from labored income

 

Agreed, and they pay texts on all income, but their net worth includes holdings that don't generate income

 

Probably not. effect tax rates for top 1% or even 10% is far higher than middle class

This is a pretty good analysis of taxes by income quintile

 

not even close if you count all the income as income from both

 

some income is taxed less than others, and most of the 1%'s income is not labored income

 

True. So what?

 

They pay tax on all incomev- earned, dividends, interest on investments, etc.