vivster said:
Yeah, but doesn't the top 10% make like 90% of the total income? The rich should be paying more percentage wise than the middle or lower class and not less.
So if the top 10% make 90% of all the money they should be paying about 95% of all the income tax.
As your chart beautifully shows, increasing tax on the middle class and the poor does do shit, so taxes are best raised for the richest.
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LAWL no, where did you even get the idea that 10% took in 90% of the entire share of total US income ? How does the 90% even live in these expensive cities with 10% of the income share ? The top 10% rakes in 45% of the total US income just to show you how progressive the tax system is I'll give you these stats ...
The top 10% is only allowed to take in 72% of their income ... (28% goes into federal income tax)
The top 5% is only allowed to take in 67% of their income ... (33% goes into federal income tax)
The top 1% is only allowed to take in 60% of their income ... (40% goes into federal income tax)
The best part of it all is that all of this only includes federal income tax so the rich take in even LOWER share depending on their state/district ... (Only way to get lower tax rates is throught stocks or bonds but that's different since you can't cash in directly on reinvestments and it benefits common americans too)
Like I said, the only way subsidized healthcare would work is if we rob the 1% income every year instead ...
deskpro2k3 said:
please, life back then is completely different from now, so lets keep away from speculations, I or you don't speak for the founders. pivot back on track.
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Good governance requires consistency and precedent so that does not mean amending the constitution whenever the majority feels fit, that means amending it in emergencies or times of need ...
FYI, the founding fathers did fear tyranny of the majority and that's why our electoral college reflects that ...
I'm sorely disappointed that my generation would dare threaten the very foundations of the free world which includes protecting the rights of minorities by normalizing that stealing from rich people is OK ... (If we're going that route I'd prefer all supreme court justices to be conservative since I'd want a court that delivers justice for the weak and that's exactly what the rich is, helpless against the masses who do nothing but shun the fortune of others.)
Since you asked I guess I'll back off from this topic ...