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Thread: Total taxation in the US is one of the lowest in the developed world

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    Total taxation in the US is one of the lowest in the developed world

    The caption is best understood by this infographic from the Tax Policy Center:



    Which means quite simply that (due to a ridiculous flat-rate taxation of top revenues) more Income escapes taxation and moves upwards to build the Wealth of a comparatively select few (from here):



    My Point: Is this the sort of nation you want for your children, and your children's children? One where the far greater share of the Wealth-pie (that we all work to generate in our economy) goes to an aberrationally minuscule percentage of American families?

    Well, it is the one they have now and will be getting in the future as well ...
    Last edited by Lafayette; 12-31-16 at 01:10 AM.
    Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them; then neither persons nor property will be safe. (Frederick Douglass)

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    Re: Total taxation in the US is one of the lowest in the developed world

    Quote Originally Posted by Lafayette View Post
    The caption is best understood by this infographic from the Tax Policy Center:



    Which means quite simply that (due to a ridiculous flat-rate taxation of top revenues) more Income escapes taxation and moves upwards to build the Wealth of a comparatively select few (from here):



    My Point: Is this the sort of nation you want for your children, and your children's children? One where the far greater share of the Wealth-pie (that we all work to generate in our economy) goes to an aberrationally minuscule percentage of American families?

    Well, it is the one they have now and will be getting in the future as well ...
    I want to end the income tax, abolish the estate tax and go with a flat tax or a NST. I wan the federal government to only exercise the powers it was properly delegated in the constitution

    those who want upper middle class salaries have to acquire the information to be able to get the jobs that pay that way. Taxing ourselves to prosperity is like screwing yourself to virginity
    Quote Originally Posted by jet57 View Post
    Yeah; a shotgun IS a rifle; it uses a different load.

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    Re: Total taxation in the US is one of the lowest in the developed world

    Quote Originally Posted by Lafayette View Post
    The caption is best understood by this infographic from the Tax Policy Center:



    Which means quite simply that (due to a ridiculous flat-rate taxation of top revenues) more Income escapes taxation and moves upwards to build the Wealth of a comparatively select few (from here):



    My Point: Is this the sort of nation you want for your children, and your children's children? One where the far greater share of the Wealth-pie (that we all work to generate in our economy) goes to an aberrationally minuscule percentage of American families?

    Well, it is the one they have now and will be getting in the future as well ...
    Seems to me, that in general, that the larger that taxes are vs. GDP, the less personal wealth a person can achieve.

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    Re: Total taxation in the US is one of the lowest in the developed world

    Quote Originally Posted by Lord of Planar View Post
    Seems to me, that in general, that the larger that taxes are vs. GDP, the less personal wealth a person can achieve.

    the left's solution to too much wealth in the hands of three or five million is to concentrate that wealth in the hands of a few thousand politicians and bureaucrats
    Quote Originally Posted by jet57 View Post
    Yeah; a shotgun IS a rifle; it uses a different load.

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    Re: Total taxation in the US is one of the lowest in the developed world

    Quote Originally Posted by TurtleDude View Post
    the left's solution to too much wealth in the hands of three or five million is to concentrate that wealth in the hands of a few thousand politicians and bureaucrats
    You are, of course, speaking on behalf of the "Left" (whoever/whatever that is)?

    The upper-income Net Worth as shown in the infographic pie-chart belongs not ONLY to politicians and bureaucrats - but a whole cast of people who derive their Income from a variety of sources.

    You should know better ...

    NB:
    *In fact, the point not mentioned but that should be underscored is the "perpetuation" of the Net Worth that is generated. It is obvious that beyond the three Lamborghinis and four mansions on four continents (that one visits only once a year) it is impossible to "use up" all those megabucks.
    *So, with our limp Inheritance Taxation, the money flows down the dynasty from offspring inheritor to inheritor to inheritor. Meaning what?
    *That we (as a nation) have regressed to the point we were in 1776 when we conspired against the British monarch who was plundering the colonies in order to maintain his regency in England. We have our own regency today, but there is no figurehead King, no Dukes, and no Lords. Just those who profit from the economy, typically by very low taxation put in place by Reckless Ronnie in 1981 upon entering the White House. (All economic data show how the Wealth increased dramatically during the 1980s, but only a certain upper-class of individuals.)
    Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them; then neither persons nor property will be safe. (Frederick Douglass)

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    Re: Total taxation in the US is one of the lowest in the developed world

    With FICA payroll taxes at 15.3% it is hard to believe that all other US (federal, state and local) taxation (on income, sales, excise and property) total less than 9%. Of course, if we pretend that only some US taxes count yet all foreign nation's taxes count then you get a very skewed picture of comparative taxation.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Total taxation in the US is one of the lowest in the developed world

    Quote Originally Posted by TurtleDude View Post
    the left's solution to too much wealth in the hands of three or five million is to concentrate that wealth in the hands of a few thousand politicians and bureaucrats
    Good one.

    This is the truly bizarre thing about people like Bernie Sanders.

    They desperately want to take money from the rich and give it to the government to increase social programs.

    But they also freely admit that government is VERY corrupt.

    It makes NO SENSE.

    Take money from people who legally earned it and give it to people who - even Bernie Sanders freely admits - are staggeringly corrupt.

    http://www.inquisitr.com/2634508/ber...ce-of-victory/

    Ridiculous.
    Last edited by DA60; 12-31-16 at 07:40 AM.

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    Re: Total taxation in the US is one of the lowest in the developed world

    Quote Originally Posted by Lafayette View Post
    My Point: Is this the sort of nation you want for your children, and your children's children? One where the far greater share of the Wealth-pie (that we all work to generate in our economy) goes to an aberrationally minuscule percentage of American families?

    Well, it is the one they have now and will be getting in the future as well ...
    The wealth pie? WTF? Made up bs.

    Another person's wealth is none of your damn business.
    “The law is reason, free from passion.”
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    Re: Total taxation in the US is one of the lowest in the developed world

    Quote Originally Posted by Lafayette View Post
    The caption is best understood by this infographic from the Tax Policy Center:



    Which means quite simply that (due to a ridiculous flat-rate taxation of top revenues) more Income escapes taxation and moves upwards to build the Wealth of a comparatively select few (from here):



    My Point: Is this the sort of nation you want for your children, and your children's children? One where the far greater share of the Wealth-pie (that we all work to generate in our economy) goes to an aberrationally minuscule percentage of American families?

    Well, it is the one they have now and will be getting in the future as well ...
    Maybe we should reduce government expenditure till the deficit goes away.

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    Re: Total taxation in the US is one of the lowest in the developed world

    Quote Originally Posted by TurtleDude View Post
    the left's solution to too much wealth in the hands of three or five million is to concentrate that wealth in the hands of a few thousand politicians and bureaucrats
    That is, what social democracy is about.

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