Ljink96 said:
lol, ok. There's obviously nothing I can say to you that will get through. Not even going to waste my time as it goes far deeper than Trump or most Trump supporters willl care or want to know. You're too far gone.
|
I'm too far gone yet everyone is going ape shit cause we're losing 'sign-up assistance' to reduce admin costs that everyone wanted ? LOL
vivster said:
It's kinda hard to believe that the top 10% only make 45% of the money. Do you have a source for that? I couldn't find one.
As for the tax system, it's obviously broken. It doesn't matter how high the tax is when there are lobbied loopholes in every bill.
This chart seems more accurate. The more money you make, the more you can lobby and the less you have to pay.
Income tax isn't the only way though to separate rich people from their money. There are plenty of taxes that could be levied that mostly affect the rich.
|
Compiled from IRS data ... (Internal Revenue Services)
The top 10% only make 45% of the total income like I insisted otherwise how would the other 90% be able to live in expensive urban areas ?
Tax system isn't broken, the only way to get potentially lower tax rates is to invest in stocks, bonds or other types of securities ... (the rich aren't getting cash, what their getting is higher valued stocks but the negatives are they have to keep their stocks at high value, reinvest to maintain that income/wealth and selling stocks means they have to pay taxes on them but it's like people are insensitive to this fact)
The rich can only realistically get richer if they invest (gamble would be a better word), the vast majority of the poor don't know how to invest are deservedly poor ...
If everybody stopped having shitty behaviour like having lots of children, working only 40 hours a week (try 80 hours a week, consider also having a portable bed in your office too or some other place), not trying to take advantage of location/living costs to maximize profit (try buying a home that will raise in value with a low living cost area) and not looking for a reliable investor group then suddenly the millionaire status wouldn't look so rich ... (with some luck you can get double digit millionaire status if you make good with your invested fortune)
But nope, too many people in this world act dumb with their money or other choices ... (there's a reason why my parents are more willing to trust me with their inheritance over my younger sibling and for that very reason parents do have favourites when I'm a prime example of that by attending to university studying engineering where as my younger sibling is a total reject in our education system while getting more spoiled in than I am in the process, even my younger sibling admitted that it wasn't good enough to make it into university)
The 10% are more than paying their 'fair' share of the taxes when they have to pay 70% of all federal income taxes with the 45% total they've generated, the 90% on the otherhand gets away with paying only 30% share of federal income taxes while taking in 55% of the total income ...
Where's this so called 'lobbying' that I'm failing to see ? If the rich we're truly that powerful as you proclaim them to be then why can't they get their own base to at least agree with them ? (much less get a bi-partisan agreement) If lobbying actually worked then why are they paying a bigger portion of federal income taxes relative to their total income ? (anyone can see that we also have a 'progressive' tax system in place)
That chart that you reposted from prof also isn't worth anything in terms of information when you're extrapolating from just 14000 people or less, you're STILL 98% more likely to pay more taxes as you go up rather down and even then within that less than 1% chance you still have to pay more taxes than the top 5%, the hundredth or thousandth of the percentile are just outliers so you and prof aren't making any valid point to begin with from that chart ... (it's absolutely not true that the richer you are the less taxes you pay)
