9 Things The Rich Don't Want You To Know About Taxes

[guido911]

It doesn't what? The numbers don't demonstrate that asking the bottom 50% of income earners for more money is useless? An extra 5% on them (assuming the entirety of the increase is actually paid) would net the government $55 billion. A pittance. Tax us in the top 50% of income earners an extra 5% and you generate $355 billion.

I'm talking about raising money for the government's operations. You're talking about a bunch of irrelevant class warfare bullshit so you don't have to pay more tax while still receiving the benefits while trying to smear me as attempting to perpetrate class warfare against you.

I know you don't like it, but one of the implications of the extreme income inequality we have in this country is that almost all the money to run things has to come from the top. There just isn't enough money at the bottom to make a whit of difference to the federal government's budget.

Edited to add: Put another way, and I'm not advocating this as good tax policy, a 50% tax rate on the top 50% of income earners and zero percent on everyone else would pay all the federal government's bills. A 100% tax rate on the bottom 50% would cover less than a third of the federal budget. Perhaps that illustrates why I don't really give a smile whether or not we tax poor people, at least insofar as getting the bills paid goes. (I think there is a societal benefit to having them pay something, actually, but it doesn't actually solve any budgetary problems)

Seriously? You want me to believe that your posts about the income gap was all about how taxing/raising taxes on the poor will not raise enough money? Whatever.

And $55B is a pittance? Well then let's just forget about raising it altogether then. What a waste of everyone's time.

[nathanm]

And $55B is a pittance? Well then let's just forget about raising it altogether then. What a waste of everyone's time.

Think about what a small percentage of the budget 55 billion dollars actually is and get back to me.

[nathanm]

Still thinking about it?

Guido, you asked earlier how it is you and the other high income earners owe the rest of us a tax increase? Let's think about that for a minute. Since the mid-80s, surpluses in payroll tax collections have been used to provide tax cuts for the top brackets. Those tax cuts were paid for with borrowed money. Now that it's time to repay, all we hear about is how Social Security and Medicare are out of money. They wouldn't be out of money at all if their deadbeat borrowers would repay their debt.

Funny how when we're talking about homeowners facing foreclosure it's all the borrower's fault and they should be made to pay up...

[Gaspar]

Nickel and Dime and Nickel and Dime.   

That's how the libs have always done it.

[Red Arrow]

Nickel and Dime and Nickel and Dime.   

That's how the libs have always done it.

Dime & quarter

Inflation at your service

[nathanm]

Nickel and Dime and Nickel and Dime.  

That's how the libs have always done it.

Do you just have idiotic sayings that you paste randomly from a Word document without bothering to read the post you're responding to?

Deadbeat.

[Gaspar]

Do you just have idiotic sayings that you paste randomly from a Word document without bothering to read the post you're responding to?

Deadbeat.

Your response is so sad.   

You ok today?

[nathanm]

Your response is so sad.   

You ok today?

I'm sad that there are so many deadbeats who refuse to pay their debts.

[Conan71]

Deadbeat.

Fartknocker

[nathanm]

Fartknocker

What, are you also a deadbeat?

[guido911]

Still thinking about it?

Guido, you asked earlier how it is you and the other high income earners owe the rest of us a tax increase? Let's think about that for a minute. Since the mid-80s, surpluses in payroll tax collections have been used to provide tax cuts for the top brackets. Those tax cuts were paid for with borrowed money. Now that it's time to repay, all we hear about is how Social Security and Medicare are out of money. They wouldn't be out of money at all if their deadbeat borrowers would repay their debt.

Funny how when we're talking about homeowners facing foreclosure it's all the borrower's fault and they should be made to pay up...

So now the wealthy today are deadbeats because of something that began in the 1980s? Me thinks someone is a bit low on the Thorazine. Incidentally, in that decade, I was in high school and then the military. Not exactly making a fortune during that decade.

Everyone: This is what wealth envy looks like.

[nathanm]

So now the wealthy today are deadbeats because of something that began in the 1980s? Me thinks someone is a bit low on the Thorazine. Incidentally, in that decade, I was in high school and then the military. Not exactly making a fortune during that decade.

What does it matter when it began? You're still benefiting from that deal.

Deadbeat.

[guido911]

What does it matter when it began? You're still benefiting from that deal.

Deadbeat.

You are so full of FAIL in this thread, and probably at life in general, that your opinions have officially achieved JOKE status. 

But please, keep calling me a deadbeat. Because being called that by a bottom feeder who will always be a bottom feeder is freakin hilarious.

[Gaspar]

Everyone breathe. . .

Debate always ends with growth or name calling.  Either way the loser is obvious.

[guido911]

Everyone breathe. . .

Debate always ends with growth or name calling.  Either way the loser is obvious.

Sorry Gasman, but you helped a bit getting us to this point.