Tax The Rich.

The poor pays no federal and state income taxes.

They get low income tax credits and welfare.

Everyone must pay their fair share.

It’s only fair.
 
PostmodernProphet said:
it is a refundable tax credit.......which means you get it even if you don't owe any taxes.......
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Exactly. They pay no federal or state income taxes and then game the system with the low income tax credit and welfare.

Everyone should pay their fair share.

It's only fair.
 
Nordberg said:
The poor pay a larger portion of their money in taxes than the wealthy. I suppose we should not have them pay state, local taxes. sales tax and pay for licenses. Then they can pay the tax rightys prefer.
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Here in TN we don't pay a state income tax, but we have one of the highest sales tax at 9.5%. Obviously the rich get the best deal out of that because EVERYONE needs to buy groceries/etc and yet for the rich, household goods are a very small portion of their income. Property taxes are going to up as well, further pricing out all but the wealthy.
 
LV426 said:
Why not? You haven't explained why. You tried to switch the subject.

Why shouldn't someone who makes 99% of the income in this country, pay 99% of the taxes on it?
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/lol......you just switched what you asked........those who make the most income do pay most of the taxes.......I am pretty sure that the group that earns 99% of the income pays 100% of the taxes but I'm not sure what percentage of tax payers earns 99% of the income......

according to this chart
Top 1% Top 5% Top 10% Top 25% Top 50% Bottom 50% All Taxpayers
Number of Returns 1,443,179 7,215,893 14,431,787 36,079,467 72,158,933 72,158,933 144,317,866
Adjusted Gross Income ($ millions) $2,420,025 $4,217,996 $5,511,117 $7,969,121 $10,221,814 $1,342,069 $11,563,883
Share of Total Adjusted Gross Income 20.9% 36.5% 47.7% 68.9% 88.4% 11.6% 100.0%
Income Taxes Paid ($ millions) 615,716 926,367 1,096,343 1,336,041 1,491,041 45,137 1,536,178
Share of Total Income Taxes Paid 40.1% 60.3% 71.4% 87.0% 97.1% 2.9% 100.0%
Income Split Point 540,009 217,913 151,935 87,044 43,614 43,614
Average Tax Rate 25.4% 22.0% 19.9% 16.8% 14.6% 3.4% 13.3%
Average Income Taxes Paid $426,639 $128,379 $75,967 $37,031 $20,663 $626 $10,644
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https://taxfoundation.org/publications/latest-federal-income-tax-data/



the top 1% of tax payers (1.4M people) earned 21% of the income and paid 40% of the taxes....
the next 4% of tax payers (6.5M people) earned 15% of the income and paid 20% of the taxes....
the next 5% of tax payers (7M people) earned 11% of the income and paid 11% of the taxes....
the next 15% of tax payers (12M people) earned 21% of the income and paid 15% of the taxes....
the next 25% of tax payers (36M people) earned 20% of the income and paid 10% of the taxes....
the bottom 50% of taxpayers (72M people) earned 12% of the income and paid 3% of the taxes.....

see anyone not paying their fair share?.....

thank you for this opportunity to correct your ignorance........
 
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PostmodernProphet said:
those who make the most income do pay most of the taxes.
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But they do not pay a share of the taxes that is equivalent to their share of the wealth and income.

So you're trying to get people OK with someone who owns 99% of the wealth and gets 99% of the income, but only pays 40% of the taxes.

That's not fair.

If they are taking up 99% of the income and own 99% of the wealth, they should then pay 99% of the taxes.
 
PostmodernProphet said:
so the top 50% of tax payers earned 88% of the income and paid 97% of the taxes
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50% of taxpayers!? What the fuck are you talking about?

The wealthy own 99% of the wealth and get 99% of the income in this country.

You don't think they should pay 99% of the taxes? Why not?
 
Nordberg said:
The poor pay a larger portion of their money in taxes than the wealthy. I suppose we should not have them pay state, local taxes. sales tax and pay for licenses. Then they can pay the tax rightys prefer.
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if you have a problem with your state taxes talk to your state legislature.........on the national level poor people pay nothing in taxes.........period.......
 
PostmodernProphet said:
/lol......you just switched what you asked........those who make the most income do pay most of the taxes.......I am pretty sure that the group that earns 99% of the income pays 100% of the taxes but I'm not sure what percentage of tax payers earns 99% of the income......

according to this chart

https://taxfoundation.org/publications/latest-federal-income-tax-data/



the top 1% of tax payers (1.4M people) earned 21% of the income and paid 40% of the taxes....
the next 4% of tax payers (6.5M people) earned 15% of the income and paid 20% of the taxes....
the next 5% of tax payers (7M people) earned 11% of the income and paid 11% of the taxes....
the next 15% of tax payers (12M people) earned 21% of the income and paid 15% of the taxes....
the next 25% of tax payers (36M people) earned 20% of the income and paid 10% of the taxes....
the bottom 50% of taxpayers (72M people) earned 12% of the income and paid 3% of the taxes.....

see anyone not paying their fair share?.....

thank you for this opportunity to correct your ignorance........
Click to expand...

Indeed, nicely done.

The poor pays no federal and state income taxes.

They get low income tax credits and welfare.

Everyone must pay their fair share.

It’s only fair.
 
Mr.Badguy said:
Here in TN we don't pay a state income tax, but we have one of the highest sales tax at 9.5%. Obviously the rich get the best deal out of that because EVERYONE needs to buy groceries/etc and yet for the rich, household goods are a very small portion of their income. Property taxes are going to up as well, further pricing out all but the wealthy.
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does Tennessee exempt food, clothing and medical necessities from sales taxes like most states do, to help the poor?......
 
LV426 said:
That you earn.

You don't get it if you don't work, moron.

You are so fucking stupid.
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???.....sure you do......you don't need to earn any income to receive an EIC payment......its a refundable credit which means you get it even if you didn't have any taxes due......
 
The average income of the top 1 percent nationwide is $1.32 million.

The other 99 percent, on the other hand, earn an average of $50,107 a year.

People who earn 50K should pay their fair share.

It’s only fair.
 
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