1. Walt Harris' daughter is missing around Auburn, Alabama. Please read this thread for more information.

Economy The 400 wealthiest Americans last year paid a lower total tax rate than any other income group

Discussion in 'The War Room' started by PolishHeadlock2, Oct 7, 2019.

  1. PolishHeadlock2

    PolishHeadlock2 Absolutley Haram Platinum Member

    Joined:
    Mar 29, 2019
    Messages:
    5,178
    Likes Received:
    14,081
    Location:
    Phila Fucking Delphia
    lol
     
    BarryDillon and Rational Poster like this.
  2. Danger Dave

    Danger Dave Borderlands Patrol

    Joined:
    Jul 27, 2019
    Messages:
    1,299
    Likes Received:
    1,452
    Location:
    Pandora
    its funny cause its true

    letting the government borrow your money to invest it and get it back in april is not paying taxes
     
  3. SammyPops

    SammyPops Gold Belt

    Joined:
    Apr 13, 2007
    Messages:
    22,489
    Likes Received:
    14,696
    Location:
    Sitting beside Patient Zero
    The media narrative has little to do with my arguments.
     
  4. PolishHeadlock2

    PolishHeadlock2 Absolutley Haram Platinum Member

    Joined:
    Mar 29, 2019
    Messages:
    5,178
    Likes Received:
    14,081
    Location:
    Phila Fucking Delphia
    So payroll taxes, sales taxes, property taxes, etc don't exist in your world?
     
    Swing, panamaican and BarryDillon like this.
  5. Danger Dave

    Danger Dave Borderlands Patrol

    Joined:
    Jul 27, 2019
    Messages:
    1,299
    Likes Received:
    1,452
    Location:
    Pandora
    yes.
     
  6. THEfightsAREfixed

    THEfightsAREfixed Master Servant

    Joined:
    Jun 9, 2018
    Messages:
    3,219
    Likes Received:
    6,106
    kinda coincidental that they align so well i guess
     
  7. Beaver Brownlee

    Beaver Brownlee Cunt punter Double Yellow Card

    Joined:
    Dec 26, 2018
    Messages:
    1,702
    Likes Received:
    1,708
    Location:
    By the river.
    Business structure is hard and only the wealthy are capable.
     
  8. Orgasmo

    Orgasmo Red Belt

    Joined:
    Dec 13, 2013
    Messages:
    9,896
    Likes Received:
    13,762
    Location:
    Vancouver, BC, Canada
    That still doesn't address income inequality.

    Billy gets paid $3,000 a month while Joe gets paid $30,000. They both taxed at 10% flat rate. Joe is going to have a lot more disposable income than Billy even if the amount of taxes he pays is greater. Over time, Joe will be able to have a much bigger chunk of savings than Billy, not to mention the investment opportunities available to him to make even more money. On the other hand, Billy spends most his income on housing, food, transportation and utilities. His savings and investment will be meagre by the time he retires compared to Joe, assuming he has enough left over to invest and save.

    Generalize that across society, and the wealth gap will continue growing. Progressive tax does not address the core issue, but it certain does a better job at slowing this down than a flat tax. Considering the average median personal income in US is only $32,000, that's less than $2,700 a month.
     
  9. SammyPops

    SammyPops Gold Belt

    Joined:
    Apr 13, 2007
    Messages:
    22,489
    Likes Received:
    14,696
    Location:
    Sitting beside Patient Zero
    Not really. Alligning one one item is not a big deal.
     
  10. THEfightsAREfixed

    THEfightsAREfixed Master Servant

    Joined:
    Jun 9, 2018
    Messages:
    3,219
    Likes Received:
    6,106
    theres no arguing black people in US have been fucked over in more ways than one over time and still are currently, that's just a fact, but also white people have shit all over native americans and mexicans in the forming of US too, and within white society there is still inequality, and it's a white majority nation in US which is why there is more poor white people than black people so pretending the problem is just race completely ignores the wealth inequality of a larger group of people and is essentially just ignorant
     
    SammyPops likes this.
  11. Cunningham

    Cunningham Silver Belt

    Joined:
    Feb 27, 2018
    Messages:
    11,279
    Likes Received:
    17,979
    Both sides seem to agree the federal government is an inefficient mess. One side seems to think the solution is to give the federal government more money and control.

    It is odd.
     
    Last edited: Oct 16, 2019
    IGotAHugePeckah likes this.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.