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Thread: What purpose did the tax cut for the wealthiest serve?

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    70 years of progressive income taxes has insulated the very richest people. that is why many of them support a system that creates entitlement addicts sapped of ambition

    you have failed to understand a progressive tax system creates rich elites who use that system to buy public office and the wealth that comes with it. massive taxes create massive government and massive government creates massive power and wealth for those who run it. want more diversity of wealth and power? seek to decentralize government and dissipate federal power and control
    Are you serious!?!? That is why 1% own about 50% of the wealth in this country!!!


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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post

    have you ever figured that maybe that the current progressive income tax and estate tax schemes are what causes such stratifications?

    Our current tax system is not as progressive now as it was 3 decades ago when we had the strongest middle class in our history.

    And you evaded my question once again. How has concentrating the wealth at the top helped our economy?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TheDemSocialist View Post
    Are you serious!?!? That is why 1% own about 50% of the wealth in this country!!!
    lets see my young apprentice

    we have the highest concentration of wealth in the smallest group in 70 years

    we also have had massive progressive income taxes that now feature the top one percent paying the highest share of the income tax burden in 70 years

    makes you think doesn't it



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    Our current tax system is not as progressive now as it was 3 decades ago when we had the strongest middle class in our history.

    And you evaded my question once again. How has concentrating the wealth at the top helped our economy?
    You are not being truthful. The top one percent pay more of the income tax burden now than they did 30 years ago



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    lets see my young apprentice

    we have the highest concentration of wealth in the smallest group in 70 years

    we also have had massive progressive income taxes that now feature the top one percent paying the highest share of the income tax burden in 70 years

    makes you think doesn't it
    So what you are saying here is that progressive taxes help out the rich people? What are you trying to say? That income taxes are the highest they have been in 70 years? Because in 1940 taxes on the "rich" were at 68%
    Turtle what are you trying to say?


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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    lets see my young apprentice

    we have the highest concentration of wealth in the smallest group in 70 years

    we also have had massive progressive income taxes that now feature the top one percent paying the highest share of the income tax burden in 70 years

    makes you think doesn't it
    Yes, it does make me think. Makes me think your post shows a denial of reality. Our taxes are the least progressive they have been in the last 70 years.

    That is not an opinion, it is a fact.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TheDemSocialist View Post
    So what you are saying here is that progressive taxes help out the rich people? What are you trying to say? That income taxes are the highest they have been in 70 years? Because in 1940 taxes on the "rich" were at 68%
    Turtle what are you trying to say?
    back in the 40's those affected by the top rates were far more able to avoid them and it was a far far smaller group and the middle class paid a far higher share of the income tax burden than they do today

    You are unable to comprehend the difference between MARGINAL RATES and a group's SHARE OF THE FEDERAL INCOME TAX BURDEN

    its a common mistake on those who really don't understand that rates are not really related to overall FIT burden.



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    You are not being truthful. The top one percent pay more of the income tax burden now than they did 30 years ago
    Nice spin. They pay the smallest percentage of their total income since the inception of progressive taxes.


    How has concentrating the wealth at the top helped our economy?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    Yes, it does make me think. Makes me think your post shows a denial of reality. Our taxes are the least progressive they have been in the last 70 years.

    That is not an opinion, it is a fact.
    You are lying

    you confuse marginal rates with share of the tax burden



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    back in the 40's those affected by the top rates were far more able to avoid them and it was a far far smaller group and the middle class paid a far higher share of the income tax burden than they do today
    Completely unsubstantiated bull crap!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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