View Poll Results: Do the Rich Pay Their Fair Share?

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  • Yes

    82 45.30%
  • No

    99 54.70%
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Thread: Do the Rich Pay Their Fair Share of Taxes in the United States?

  1. #291
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by TurtleDude View Post
    when do you claim we first became a major world power?
    WW2. Obviously.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

  2. #292
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by teamosil View Post
    WW2. Obviously.
    Uh that is not "obvious" we were a major world power by 1920 maybe 20 years earlier.

  3. #293
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by TurtleDude View Post
    Uh that is not "obvious" we were a major world power by 1920 maybe 20 years earlier.
    Depends on how you define it I suppose. In WW1 we had 4.7 million troops. That puts us seventh behind Russia, Austria-Hungary, Germany, the UK, France and Italy. And back in those days our troops were less high end than the troops from those countries. WW2 is where we rose to the top on par with or ahead of the USSR.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

  4. #294
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by teamosil View Post
    Depends on how you define it I suppose. In WW1 we had 4.7 million troops. That puts us seventh behind Russia, Austria-Hungary, Germany, the UK, France and Italy. And back in those days our troops were less high end than the troops from those countries. WW2 is where we rose to the top on par with or ahead of the USSR.

    I don't think we'd have had much problem crunching Italy. by the turn of the century the USA was a world power financially, militarily and most importantly, industrially. At the end of the civil war, we had something that no other navy had, ironclads though the monitor styled ships weren't much good in heavy seas.

    while those military powers might have been able to resist a US invasion, none of them could attack the USA successfully

  5. #295
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by TurtleDude View Post
    I don't think we'd have had much problem crunching Italy. by the turn of the century the USA was a world power financially, militarily and most importantly, industrially. At the end of the civil war, we had something that no other navy had, ironclads though the monitor styled ships weren't much good in heavy seas.

    while those military powers might have been able to resist a US invasion, none of them could attack the USA successfully
    Well, regardless of how loosely or narrowly we want to define "major world power", certainly you agree that we rose in power rapidly and dramatically by the end of WW2, right? And that that was when we became the "the leader of the free world" as winston says. Right? So there you go.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

  6. #296
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by teamosil View Post
    Well, regardless of how loosely or narrowly we want to define "major world power", certainly you agree that we rose in power rapidly and dramatically by the end of WW2, right? And that that was when we became the "the leader of the free world" as winston says. Right? So there you go.

    and the massive tax hikes were not the reason what made us a huge world power was the fact that all our competition was bombed flat

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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by ttwtt78640 View Post
    BS, provide the link. I believe that they toyed with the idea of a 10% max, but thought better of it, as the top rate originally was 3%, and thought that might simply encourage raising it that high unnecessarily.
    In 1894, a Democratic-led Congress passed the Wilson-Gorman tariff. This imposed the first peacetime income tax. The rate was 2% on income over $4000, which meant fewer than 10% of households would pay any. The purpose of the income tax was to make up for revenue that would be lost by tariff reductions.[7] This was a controversial provision, and the law actually passed with the signature of President Grover Cleveland. {Wiki}

    In 1909, fifteen years after Pollock, Congress took two actions to deal with their increasing revenue needs.

    1. Corporate income ("excise") tax. First, they passed a corporate income tax, but labeled it an “excise tax.” The tax was set at 1% on all incomes exceeding $5,000. In 1911, the U.S. Supreme Court upheld this corporate “excise tax” as constitutional in Flint v. Stone Tracy Company, in which the court ruled that the tax was a special excise tax on the privilege of doing business.

    2. Sixteenth Amendment. More importantly, in 1909 Congress passed the Sixteenth Amendment, which would do away with the apportionment requirement of the Constitution if enacted. This amendment reads as follows:


    The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.[11] {wiki}

    Congress immediately enacted the first “constitutional” tax law, The Revenue Act of 1913. The tax ranged from 1% on income exceeding $3,000 to 7% on incomes exceeding $500,000. In effect, this statute introduced for the first time the notion of a progressive tax rate structure; the tax rate increases as the base, income in this case, increases. {wiki income tax history}

    I was incorrect. Sort of. Got my facts mixed up. My appologies. Still 1% corperate and 1% -7% personal verses now...... hmmmmmm.
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by MoSurveyor View Post
    That's like a gambler saying he earned his Big Score. LOL!

    No one is buying the crap so you may as well stop shoveling.
    If you had a loan at any time in your life, then I am afaid sir, you already bought it. So sorry.
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  9. #299
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by molten_dragon View Post
    You're misinformed on a couple things here.

    First off, the income tax rate was never 1%. The lowest bracket was 1% in 1913, but it went up to 7% for the higher brackets. Income taxes existed as far back as the civil war, where the lowest tax bracket was 3%. As far as I know, from the time income taxes were first instituted, the rate for all brackets has never been 1%.

    And second, a 1% federal income tax rate is a completely different animal than a combined total local, state, and federal tax rate (including tariffs, income tax, sales tax, property tax, etc.) of 1%.
    Your right. However you can see that the tax rates are far less then what they are today. The total rates were actually less then 10% in a lot of cases. Big difference from now.
    Semper Fidelis, Semper Liber.
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  10. #300
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by TurtleDude View Post
    slavery was once accepted by both parties as was women not voting. Politicians love the income tax because they can buy the votes of the many by only taxing more, the few.
    Just as we evolved socially beyond slavery, so did we evolve past regressive taxation. No doubt, some of less morally inclined rich would like to return to the days of the Robber Barons when there was no middle class. I think there is about as much chance of that happening as a return to slavery.
    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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