It is better earned than yours, apparently. The top 20% pay almost all the taxes and yet they won't receive almost all the tax cuts under any plan. Is that easier for you to understand.
So you're saying that your anecdotal evidence was invalid? OK. So in other words, you're saying that your own post meant nothing and was worthless. Noted.
There is a bit of sleight of hand there. The top 20% don't pay almost all the taxes. They don't pay the most payroll taxes. There is a tendency in these discussions for income taxes to morph into just "taxes."fmw said:It is better earned than yours, apparently. The top 20% pay almost all the taxes and yet they won't receive almost all the tax cuts under any plan. Is that easier for you to understand.
There is a bit of sleight of hand there. The top 20% don't pay almost all the taxes. They don't pay the most payroll taxes. There is a tendency in these discussions for income taxes to morph into just "taxes."
But the idea that is under attack is the idea of a progressive income tax, where the rich pay more of their proportion of the taxes. It seems right to me that I, and people in my income level, should pay more of a proportion than people living hand-to-mouth.
That's where the flat tax comes in. Glad you are aboard. By the way, I find it hilarious that lefties like to include payroll taxes the poor pay, even though the rich not only pay those exact same payroll taxes that the poor do but they pay them for every employee while the employee only pays them for themself.
There is a bit of sleight of hand there. The top 20% don't pay almost all the taxes. They don't pay the most payroll taxes. There is a tendency in these discussions for income taxes to morph into just "taxes."
But the idea that is under attack is the idea of a progressive income tax, where the rich pay more of their proportion of the taxes. It seems right to me that I, and people in my income level, should pay more of a proportion than people living hand-to-mouth.
And the middle and lower classes pay the majority (I think it's a pretty big majority) of sales taxes. Everything is taxed. Secondly, they (that magical 20%) have huge amounts of money tucked away where it can't be taxed.
So your statement is unintentionally a lie. You're talking about income taxes. I'm curious as to what you mean by "almost all the cuts." The rich are getting enormous quantities of money back that, if not balanced by federal spending cuts, will put us another trillion or so dollars in debt each year. I apologize, but when I see Donald Trump writing off losses for decades to pay $0 in income tax next to the family that's struggling to make their car payment, then look up and see that cutting income tax for the rich is a huge priority, I'm pretty shocked by the widespread stupidity and ignorance.
You claimed that "the top 20% pay almost all the taxes." You didn't limit that to income taxes. FICA are taxes.The "tax reform" is about income tax I believe, not FICA. FICA is meant as a tax to pay for benefits to be received during old age. Not the same thing. I'm a believer in government policies that are driven by equality, not fairness. If he wealthy receive more social security benefit then they should pay more for it.
You claimed that "the top 20% pay almost all the taxes." You didn't limit that to income taxes. FICA are taxes.
You claimed that "the top 20% pay almost all the taxes." You didn't limit that to income taxes. FICA are taxes.
Source?The top 20% pay most of the FICA taxes.
It's not insensible in matters such as these to communicate in complete sentences.Quote Originally Posted by Moderate Right View Post
The top 20% pay most of the FICA taxes.
"Source?" M #463
I requested the source for the declarative statement, "The top 20% pay most of the FICA taxes." I presume that "the top 20%" refers to those in the top 20% of income.It's not insensible in matters such as these to communicate in complete sentences.
"The top 20%" what?
- wage earners?
- FICA contributors? Is there a $cap on FICA?
But if there's a cap, that raises questions about the other 80% of revenue." I presume that "the top 20%" refers to those in the top 20% of income. " M #465
I requested the source for the declarative statement, "The top 20% pay most of the FICA taxes." I presume that "the top 20%" refers to those in the top 20% of income.
As a note, the taxes liberals want to raise are on the top 1%. A sly tactic is to mask the income inequality by broadening the field to the top 20%, which include middle class earners. As the graph below shows, the top 1% have 40% of national wealth and the bottom 80% have just 7%. That means that the top 20% have 93% of national wealth with the top 1% of the group owning 40% of that. the stark upward skewing of wealth and income is obvious.
MG]
I asked for the source that would corroborate the statement, "The top 20% pay most of the FICA taxes," and I get a graph showing income taxes, not FICA taxes.Yeah but so what? They earned it. And its not a sly tactic, separating into quintiles is common way to break up 100%. Lets do it all.
View attachment 67217410
https://www.cbo.gov/publication/51361
Also, the top quintile is about 265k. Thats not middle class.
I asked for the source that would corroborate the statement, "The top 20% pay most of the FICA taxes," and I get a graph showing income taxes, not FICA taxes.