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

Lafayette

Lafayette

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The caption is best understood by this infographic from the Tax Policy Center:
3.1.4-figure1.png



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):

Net_worth_and_financial_wealth.gif


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 ...
 
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Lafayette said:
The caption is best understood by this infographic from the Tax Policy Center:
3.1.4-figure1.png



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):

Net_worth_and_financial_wealth.gif


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 ...
Click to expand...

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
 
Lafayette said:
The caption is best understood by this infographic from the Tax Policy Center:
3.1.4-figure1.png



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):

Net_worth_and_financial_wealth.gif


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 ...
Click to expand...

Seems to me, that in general, that the larger that taxes are vs. GDP, the less personal wealth a person can achieve.
 
Lord of Planar said:
Seems to me, that in general, that the larger that taxes are vs. GDP, the less personal wealth a person can achieve.
Click to expand...


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
 
TurtleDude said:
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
Click to expand...

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.)
 
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.
 
TurtleDude said:
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
Click to expand...

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/be...-sanders-within-striking-distance-of-victory/

Ridiculous.
 
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Lafayette said:
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 ...
Click to expand...
The wealth pie? WTF? Made up bs.

Another person's wealth is none of your damn business.
 
Lafayette said:
The caption is best understood by this infographic from the Tax Policy Center:
3.1.4-figure1.png



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):

Net_worth_and_financial_wealth.gif


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 ...
Click to expand...

Maybe we should reduce government expenditure till the deficit goes away.
 
TurtleDude said:
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
Click to expand...

That is, what social democracy is about.
 
Lord of Planar said:
Seems to me, that in general, that the larger that taxes are vs. GDP, the less personal wealth a person can achieve.
Click to expand...

That is why the state should not spend quite so much on stuff that is not a public good in the economic sense. Then efficiency goes up, the gdp grows and society prospers.
 
joG said:
Maybe we should reduce government expenditure till the deficit goes away.
Click to expand...

Blasphemy!!!

This thread is about bigger and bigger government.

We need bigger and bigger deficits. More and more taxation of the evil rich. Bigger and bigger government programs.

ANd when we have taken all the money from the rich...than we have to start printing even more money and more and more...

hallelujah!!!

Praise be the One...the Krugman. He will deliver us from the evils of free enterprise and small governments.

Let us go forth and prey at our temple...the temple where no amount of money 'printing' is too great.

Let us hold hands, cast out the evil rich and those sinners who have lost their way and believe in balancing books. Let us walk together to the promised land.

To...The Federal Reserve!!!
 
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What a uniquely liberal argument. Income "escaping" taxation is a bad or morally wrong thing. To answer a question asked, yes, I'd much rather my children grow up here where they get to keep more of what they earn. Seriously, who should be charged with the right to decide how much wealth a person should be allowed to have? The government? In what world is that a good idea?
 
Lafayette said:
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.)
Click to expand...

I know that envy is often camouflaged by claims of the "greater good" and that "the ultra rich" are depicted as having three expensive sports cars" but in reality its usually anyone who is in the top 2-3%. and Most of us already pay high income taxes and the death tax (which was thought up before there was 40% income tax rates) is nothing more than a surcharge on the top tax payers.

Why should someone pay 10X for citizenship benefits that are no greater than what someone who pays almost no federal taxes gets?
 
TurtleDude said:
Why should someone pay 10X for citizenship benefits that are no greater than what someone who pays almost no federal taxes gets?
Click to expand...

Why shouldn't they?

We've been through the trauma of Communism where everyone had (more or less) the same salary. And the demise of Communism we thought it was a victory for the West - that is, the right to become super-rich?

Nope - not in nanosecond.

Salaries must not be all the same. And neither should taxation of salaries. But that is precisely the fact above $100K per year.
Taxation - Total Effective Tax Rates (US) 2014.jpg.

And the payroll tax is even worse:
Taxation - Effective Payroll Taxation.jpg

Enough is enough. Taxation is what builds riches, much more than "hard work".
 
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Lafayette said:
Why shouldn't they?

We've been through the trauma of Communism where everyone had (more or less) the same salary. And the demise of Communism we thought it was a victory for the West - that is, the right to become super-rich?

Nope - not in nanosecond.

Salaries must not be all the same. And neither should taxation of salaries. But that is precisely the fact above $100K per year.
View attachment 67211815.

And the payroll tax is even worse:
View attachment 67211816

Enough is enough. Taxation is what builds riches, much more than "hard work".
Click to expand...

what crap-saying taxation builds wealth is one of those stupid throwaway lines that has no worth.

no taxation whatsoever would probably mean anarchy. so to a certain point that phrase is right. but right now the top one percent make less than 20% of the income yet pay almost 40% of the progressive Federal income tax and when you throw on top of that, the death tax, its even higher. Far too much. we have too much government because too many people aren't paying enough for it to stop wanting it
 
Lafayette said:
The caption is best understood by this infographic from the Tax Policy Center:
3.1.4-figure1.png



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):

Net_worth_and_financial_wealth.gif


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 ...
Click to expand...

In short, YES.

Apparently somewhat unique in the developed world, the basic operative principle in the United States is belief in people, rather than dependence on Government Agency to define the limits of human endeavor.

Of note, however, is the failure to include other methods of government revenue generation not included in calculations. Not unexpected from a far left Progressive operation like the Tax Policy Center who would promote such a limited information analysis.
 
one of the big lies we see from wealth vandals on the left is using the "payroll" tax's" lack of progression to argue income tax ought to be more progressive. The payroll tax is essentially forced insurance payments and the cap on higher salaries also means a cap on benefits. . My car insurance is a far lower component of my expenses than someone making 100K a year as well but if I pay the same premiums, I probably have the same coverage as a similarly situated driver with less income. The wealth vandals think that every possible tax-be it a license plate tax to a sales tax ought to be higher for the rich so they combine taxes never intended to be progressive to create a total tax bill that they claim is not progressive enough and needs to be offset with even higher rates of income tax on the rich. Its incredibly dishonest. they also ignore the fact that life's expenses are regressive and yet they think taxes ought to make up for that.

Finally, many of the "taxes" that the poor pay are paid with money we net tax payers give them.
 
joG said:
Maybe we should reduce government expenditure till the deficit goes away.
Click to expand...

So what do u mean by that? Kick millions off of Medicare? Slash Social Security? Cut the Defense Budget by half or more? Because that is what it would take.
 
SouthernDemocrat said:
So what do u mean by that? Kick millions off of Medicare? Slash Social Security? Cut the Defense Budget by half or more? Because that is what it would take.
Click to expand...

that would be a start. the problem is, way too many people have become way too addicted to federal programs that never should have survived supreme court review to start with. cold turkey would be too traumatic so we have to ween people off the public teats
 
Lafayette said:
The caption is best understood by this infographic from the Tax Policy Center:
3.1.4-figure1.png



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):

Net_worth_and_financial_wealth.gif


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 ...
Click to expand...

That's because 47% of Americans pay zero federal income taxes!
 
Income escapes taxation and moves upwards
Moderate Right said:
That's because 47% of Americans pay zero federal income taxes!
Click to expand...
"Wealth moves upwards...because low income quintiles pay no taxes!"

Jezbuz, you really ought to try a bit hurr durr, MR.
 
Gimmesometruth said:
Income escapes taxation and moves upwards"Wealth moves upwards...because low income quintiles pay no taxes!"

Jezbuz, you really ought to try a bit hurr durr, MR.
Click to expand...

Everyone over the poverty line should be paying some amount of federal income taxes. The one percent already individually pay millions in taxes, billions as a group.
 
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