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Do The Wealthy Even Pay Taxes?

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oppositeland

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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!
 
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!
Click to expand...

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. ;)
 
Yes they do. Any other questions?
 
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!
Click to expand...

Start here:
IMG_0188.JPG
 
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!
Click to expand...

I've been in the tax business for decades and, it's true. The wealthy don't pay tax. None.

The truth of the matter is that if you read the third letter of every third paragraph of every subsection of Title 26 that ends in a three you'll find a secret code that specifically states that anyone making more than $200k/yr is excluded from every tax statute. It's a massive secret and I will probably have to move to Russia for exposing it but it is the truth and it's time that America knew the secret.
 
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...

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.
9hqxMJP.jpg
 
Lutherf said:
I've been in the tax business for decades and, it's true. The wealthy don't pay tax. None.

The truth of the matter is that if you read the third letter of every third paragraph of every subsection of Title 26 that ends in a three you'll find a secret code that specifically states that anyone making more than $200k/yr is excluded from every tax statute. It's a massive secret and I will probably have to move to Russia for exposing it but it is the truth and it's time that America knew the secret.
Click to expand...

Oi. NOW you tell me....

Wonder if I can write off all the tax I've unnecessarily paid as charitable donations next year.
 
Lutherf said:
I've been in the tax business for decades and, it's true. The wealthy don't pay tax. None.

The truth of the matter is that if you read the third letter of every third paragraph of every subsection of Title 26 that ends in a three you'll find a secret code that specifically states that anyone making more than $200k/yr is excluded from every tax statute. It's a massive secret and I will probably have to move to Russia for exposing it but it is the truth and it's time that America knew the secret.
Click to expand...

Nice story. But I don't believe in secret codes. Though I did hear about this once. I don't know if they still do it. But at least at one time if you were rich enough to own a house that had property on which you could grow rice, the government would actually PAY you for not planting rice.
 
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.
View attachment 67219154
Click to expand...

Percentage of income has nothing to do with total revenue. Try again. Maybe try the IRS website. The statistics are what they are, unless you think the federal government is lying. :shrug:
 
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...

The top 9% pays half. The oppositelands pay nothing, but that gives them the right to complain about the top tier.
 
countryboy said:
Percentage of income has nothing to do with total revenue. Try again. Maybe try the IRS website. The statistics are what they are, unless you think the federal government is lying. :shrug:
Click to expand...

For the graph, "percentage" is good enough. But feel free to put whatever BS spin on it that you want. Next, of course the federal government is lying. For the most part, that is what they do. Though I did hear an interview with a politician in Washington once who I believed. He said, "There is so much legal graft that goes on in Washington, only a fool would get involved in the illegal kind."
 
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!
Click to expand...

Clearly you do not understand the plight of the donor class, it's hard being a pimp out there.

Privatized gains versus socialized losses for the Wall Street bankster class
Internalized profit versus externalized risk and expense for the "job creator" class
Socialism for the aristocracy versus laissez-faire capitalism for the masses
 
jimbo said:
The top 9% pays half. The oppositelands pay nothing, but that gives them the right to complain about the top tier.
Click to expand...

Come on. Why not just tell me they pay 90%. That would be just as much BS.
 
Lutherf said:
I've been in the tax business for decades and, it's true. The wealthy don't pay tax. None.

The truth of the matter is that if you read the third letter of every third paragraph of every subsection of Title 26 that ends in a three you'll find a secret code that specifically states that anyone making more than $200k/yr is excluded from every tax statute. It's a massive secret and I will probably have to move to Russia for exposing it but it is the truth and it's time that America knew the secret.
Click to expand...

:lamo

Heads up I read your post to hubby and he wanted me to tell you that made his day!
 
We can argue about whether the wealthy pay enough or whether or not there are too many loop holes, but yes, they pay taxes and they pay a disproportionately high percentage of the taxes.
 
oppositeland said:
How would you know. Are you wealthy? And if you are, I wouldn't believe you if you said the sky was blue.
Click to expand...

No, I'm not rich. I'm square in the middle of the ever dwindling middle class. However, I can read. I've looked at a lot of the date put out by the CBO, IRS, Bureau of Economic Analysis, and others. Do you know what that data shows? It shows that the wealthy pay much more in taxes than the poor and they should.

Since you like graphs, here's one from the PEW Research Center.

FT_15.03.23_taxesInd.png
 
oppositeland said:
For the graph, "percentage" is good enough. But feel free to put whatever BS spin on it that you want. Next, of course the federal government is lying. For the most part, that is what they do. Though I did hear an interview with a politician in Washington once who I believed. He said, "There is so much legal graft that goes on in Washington, only a fool would get involved in the illegal kind."
Click to expand...

Generally speaking, when someone posts a graphic, the source is provided so the rest of us can put it in perspective. Your graph appears out of context, probably some state tax, or completely made up.
 
countryboy said:
Percentage of income has nothing to do with total revenue. Try again. Maybe try the IRS website. The statistics are what they are, unless you think the federal government is lying. :shrug:
Click to expand...

I think somebody is lying.
 
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