Do The Wealthy Even Pay Taxes?

oppositeland said:

I have heard recently that Trump wants to give the wealthy the largest tax breaks in history. On a side note, at the same time, cutting food stamps and making it harder for the poor to get medical coverage. I am wondering if the whole taxing the wealthy thing is just a scam to begin with. For example, when I paid taxes on my wages, I got most of it back in tax returns. Does the same thing apply for the wealthy?

Also, the tax laws are written by and for the wealthy. They can afford tax lawyers to find them any of what are probably a zillion loopholes. Another thing is that there are banks all over the planet where the wealthy can anonymously deposit money. Making it untaxable. Also, look at any year in say the past 40 years. For whatever year you choose, look and see what companies for that year paid no taxes at all. The wealthy are against welfare. But apparently corporate welfare is ok. The U.S. needs to just take over all companies. And cut out the overpaid tax griping dead weight middlemen. They also need to remove the rights of personhood from corporations.

Another thing is that back in the 60's, the average salary for a company executive was about 25 times what the average worker made. Today, it is around 250 times that. At one point not all that long ago, it got closer to being 400 times what the average worker made. And the wealthy are griping on how much in taxes they pay?! B!!!S!!! As it is, they have so much money it must be difficult for them to spend it!

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jimbo said:

Because the 91% or the 1% don't pay 90%. So I would be lying.

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oppositeland said:

What if what you said wasn't a lie. What if it was just wrong. As I said to someone else, unless you are wealthy, you really have no idea what the wealthy pay in taxes. Also, those who tell you what the wealthy pay in taxes are most likely the wealthy. Can you really be that much of a sucker?

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oppositeland said:

What if what you said wasn't a lie. What if it was just wrong. As I said to someone else, unless you are wealthy, you really have no idea what the wealthy pay in taxes. Also, those who tell you what the wealthy pay in taxes are most likely the wealthy. Can you really be that much of a sucker?

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oppositeland said:

I have heard recently that Trump wants to give the wealthy the largest tax breaks in history. On a side note, at the same time, cutting food stamps and making it harder for the poor to get medical coverage. I am wondering if the whole taxing the wealthy thing is just a scam to begin with. For example, when I paid taxes on my wages, I got most of it back in tax returns. Does the same thing apply for the wealthy?

Also, the tax laws are written by and for the wealthy. They can afford tax lawyers to find them any of what are probably a zillion loopholes. Another thing is that there are banks all over the planet where the wealthy can anonymously deposit money. Making it untaxable. Also, look at any year in say the past 40 years. For whatever year you choose, look and see what companies for that year paid no taxes at all. The wealthy are against welfare. But apparently corporate welfare is ok. The U.S. needs to just take over all companies. And cut out the overpaid tax griping dead weight middlemen. They also need to remove the rights of personhood from corporations.

Another thing is that back in the 60's, the average salary for a company executive was about 25 times what the average worker made. Today, it is around 250 times that. At one point not all that long ago, it got closer to being 400 times what the average worker made. And the wealthy are griping on how much in taxes they pay?! B!!!S!!! As it is, they have so much money it must be difficult for them to spend it!

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Fenton said:

Nope, they dont pay a dime in taxes. All local, State and Federal revenues come from the poor and Trump wants to raise their taxes even higher than they already are.

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Fenton said:

Nope, they dont pay a dime in taxes. All local, State and Federal revenues come from the poor and Trump wants to raise their taxes even higher than they already are.

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oppositeland said:

I have heard recently that Trump wants to give the wealthy the largest tax breaks in history. On a side note, at the same time, cutting food stamps and making it harder for the poor to get medical coverage. I am wondering if the whole taxing the wealthy thing is just a scam to begin with. For example, when I paid taxes on my wages, I got most of it back in tax returns. Does the same thing apply for the wealthy?

Also, the tax laws are written by and for the wealthy. They can afford tax lawyers to find them any of what are probably a zillion loopholes. Another thing is that there are banks all over the planet where the wealthy can anonymously deposit money. Making it untaxable. Also, look at any year in say the past 40 years. For whatever year you choose, look and see what companies for that year paid no taxes at all. The wealthy are against welfare. But apparently corporate welfare is ok. The U.S. needs to just take over all companies. And cut out the overpaid tax griping dead weight middlemen. They also need to remove the rights of personhood from corporations.

Another thing is that back in the 60's, the average salary for a company executive was about 25 times what the average worker made. Today, it is around 250 times that. At one point not all that long ago, it got closer to being 400 times what the average worker made. And the wealthy are griping on how much in taxes they pay?! B!!!S!!! As it is, they have so much money it must be difficult for them to spend it!

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TurtleDude said:

I think the OP is no longer able to respond

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countryboy said:

The top 1% pays more than 40% of the entire federal tax burden. So, what a stupid question. :roll:

You might try like, you know, looking stuff up.

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According to the IRS, our nation’s top earners paid an average effective federal income tax rate of 23.13% on AGI averaging $318 million in 2014 (the most current year studied). That’s an increase over their effective tax rate of 16.72% on average AGI of $336 million in 2012. Remember, though, that in 2012 the highest tax rate for long term capital gains was just 15%. In 2013, that rate jumped to 23.8% for many taxpayers, thanks to a 20% top rate on long-term capital gains and the additional 3.8% Medicare surcharge imposed by Obamacare.
link

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oppositeland said:

40%? Do you know who even tells you such things? The wealthy! Also, I looked it up long ago. I found this graph. Take a look at it sukka.

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MTAtech said:

The top 1% also have the lion's share of income.

What is interesting is that Obamacare did a great deal to address income inequality.

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Partsguy57 said:

So!!! What do think there is only so many slices to the pie and when they are gone nothing is left?? I started with nothing and am now a " 2 percenter" maybe I will make 1 percent, time will tell. Your line of thinking is what holds you down period. The sad fact the majority of poor are poor because of their own poor choices and no amount of stealing from one group and giving to another will ever fix that!

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MTAtech said:

Just for info, I am in the top 1%. Blaming the poor for being poor, huh? We've heard that for generations. The difference between rich liberals and rich conservatives is that rich liberals don't mind being taxed a little more for the overall good of the country.

The whole idea that the majority of poor are poor because of their own poor choices has no empirical support. The best available research done by ( An Assessment of the Effectiveness of Anti-Poverty Programs in the United States ) show that the programs conservatives most wants to slash, Medicaid and food stamps, don’t even have large negative effects on work effort.

But the whole idea that allowing people no help, subjects them to starvation and homelessness, creates an incentive to work is just an excuse for selfishness. Throughout most of human history the poor were left to starve and die in the streets and it didn't provide them the incentive to lift themselves out of poverty. Yet, conservatives contend the poor are worse off with government help and it's all their damn fault -- so we don't need to do anything.

This meme is thrust upon Americans to swallow which happens to serve the interests of the wealthy conservatives that benefit from those policies. Modern conservatism uses the smoke-screen of self-reliance, individualism and character to mask policies which are self-serving, bigoted and cruel. The cadre of conservative billionaires don't want to pay higher taxes that will be used to help "those people." Thus, they invent a myth that the best way to help the poor is to NOT provide them any help at all. This way, according to them, their misery will give the poor the incentive to become educated and industrious. As I said earlier, this has never worked in all of human history.

Their objective is to keep taxes on the rich low and keep government out of their hair. But these people's numbers are small, so they need to fund propaganda groups like the Heritage Foundation to create false data and spread the message to middle-class conservatives, who are generally stupid enough to swallow their lies. Thus the pro-life conservative-leaning worker who listens to Rush Limbaugh will repeatedly vote for the party that is less likely to protect his safety, less likely to protect his job, and less likely to benefit him economically.

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TurtleDude said:

in other words, you want class warfare

the fact is you want the middle class to become dependent on the democrat party to keep them in power

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MTAtech said:

We already have class warfare. We used to have relatively low income inequality, with high taxes on wealth and laws that encourage labor. Over the last few decades the rich have waged war to lower their taxes and undermining labor, resulting in inequality worse than the 1920s. It always seems to be that when the masses object to the policies that the rich bought and paid for, the rich scream CLASS WARFARE!

While you use talking points like "dependency" I see Democratic elected officials trying to pass laws that help people have better lives.

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countryboy said:

The top 1% pays more than 40% of the entire federal tax burden. So, what a stupid question. :roll:

You might try like, you know, looking stuff up.

Click to expand...

MTAtech said:

Just for info, I am in the top 1%. Blaming the poor for being poor, huh? We've heard that for generations. The difference between rich liberals and rich conservatives is that rich liberals don't mind being taxed a little more for the overall good of the country.

The whole idea that the majority of poor are poor because of their own poor choices has no empirical support. The best available research done by ( An Assessment of the Effectiveness of Anti-Poverty Programs in the United States ) show that the programs conservatives most wants to slash, Medicaid and food stamps, don’t even have large negative effects on work effort.

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Nap said:

According to research by the Brookings institute, if you follow 3 simple rules: Graduate High school, Get a Job, Wait until 21 to get married and have kids, you will reach middle class. Only 2% American adults that followed that plan remained in poverty.

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Fenton Lum said:

Cool, so we can transfer more wealth to the top as we have been over the past half century and no societal issues will arise.

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MTAtech said:

Just for info, I am in the top 1%. Blaming the poor for being poor, huh? We've heard that for generations. The difference between rich liberals and rich conservatives is that rich liberals don't mind being taxed a little more for the overall good of the country.

The whole idea that the majority of poor are poor because of their own poor choices has no empirical support. The best available research done by ( An Assessment of the Effectiveness of Anti-Poverty Programs in the United States ) show that the programs conservatives most wants to slash, Medicaid and food stamps, don’t even have large negative effects on work effort.

But the whole idea that allowing people no help, subjects them to starvation and homelessness, creates an incentive to work is just an excuse for selfishness. Throughout most of human history the poor were left to starve and die in the streets and it didn't provide them the incentive to lift themselves out of poverty. Yet, conservatives contend the poor are worse off with government help and it's all their damn fault -- so we don't need to do anything.

This meme is thrust upon Americans to swallow which happens to serve the interests of the wealthy conservatives that benefit from those policies. Modern conservatism uses the smoke-screen of self-reliance, individualism and character to mask policies which are self-serving, bigoted and cruel. The cadre of conservative billionaires don't want to pay higher taxes that will be used to help "those people." Thus, they invent a myth that the best way to help the poor is to NOT provide them any help at all. This way, according to them, their misery will give the poor the incentive to become educated and industrious. As I said earlier, this has never worked in all of human history.

Their objective is to keep taxes on the rich low and keep government out of their hair. But these people's numbers are small, so they need to fund propaganda groups like the Heritage Foundation to create false data and spread the message to middle-class conservatives, who are generally stupid enough to swallow their lies. Thus the pro-life conservative-leaning worker who listens to Rush Limbaugh will repeatedly vote for the party that is less likely to protect his safety, less likely to protect his job, and less likely to benefit him economically.

Click to expand...

MTAtech said:

We already have class warfare. We used to have relatively low income inequality, with high taxes on wealth and laws that encourage labor. Over the last few decades the rich have waged war to lower their taxes and undermining labor, resulting in inequality worse than the 1920s. It always seems to be that when the masses object to the policies that the rich bought and paid for, the rich scream CLASS WARFARE!

While you use talking points like "dependency" I see Democratic elected officials trying to pass laws that help people have better lives.

Click to expand...

Partsguy57 said:

So!!! What do think there is only so many slices to the pie and when they are gone nothing is left?? I started with nothing and am now a " 2 percenter" maybe I will make 1 percent, time will tell. Your line of thinking is what holds you down period. The sad fact the majority of poor are poor because of their own poor choices and no amount of stealing from one group and giving to another will ever fix that!

Sent from my SM-G920R4 using Tapatalk

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Winchester said:

It, however, will placate them which in and of itself is a benefit to the wealthy.

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