Santorum jolts GOP presidential race with 3-state sweep

NLXSK1

NLXSK1

Well-Known Member
UncleBuck said:
so i just looked it up, $32k puts you in the top 50%.

that means while i earned $28k a year, i was in the bottom 50% and paid $3k in federal income taxes.

and i know that people making less than me did not get all of their taxes refunded, thus disproving your false talking point about the bottom 50% not paying any taxes.
Click to expand...
Lets see... I said the bottom 50% paid zero and it turns out that they pay somewhere between 3-4%

You said the bottom 50% made .05% and it turned out to be 13%

But hey, continue to nitpick...

In addition, there is no accounting for benefits received by the federal government. If you added that in such as foodstamps, etc. the number that actually PAID anything drops considerably. If you pay 1000 in taxes but receive 4000 in benefits I hardly think you can be counted as contributing.
 
UncleBuck

UncleBuck

Well-Known Member
NLXSK1 said:
Lets see... I said the bottom 50% paid zero and it turns out that they pay somewhere between 3-4%

You said the bottom 50% made .05% and it turned out to be 13%

But hey, continue to nitpick...
Click to expand...
your claim was that the bottom 50% pay $0.00 in federal income taxes.

i have the returns around here, i can show you that i was in the bottom 50% and paid around $3k in income taxes.

that means you have to stop telling your fairy tale lie about us bottom 50%ers not paying any federal income taxes.
 
NLXSK1

NLXSK1

Well-Known Member
UncleBuck said:
your claim was that the bottom 50% pay $0.00 in federal income taxes.

i have the returns around here, i can show you that i was in the bottom 50% and paid around $3k in income taxes.

that means you have to stop telling your fairy tale lie about us bottom 50%ers not paying any federal income taxes.
Click to expand...
Just as soon as you stop your fairy tale lying about the bottom 50% only making .05% in income....

*waits for hell to freeze*
 
R

redivider

Well-Known Member
NLXSK1 said:
Even from that graph it shows the bottom 50% earning 13% or about 26 times your estimate of the money in this nation.

So they earn 13% and pay 4% of the taxes... And the top 50% earns 87% and pays 96%..... Yes, the tax system is SOOOOOOOOOOOOOOOO unfair to the poor.

I added another link as that data is older.

For some odd reason you get happy when the government sticks it to any group you are not in. You consider your relative happiness by giving the government a large tax free loan every year and magically getting it back... Obama's administration success is based on how much more YOU got back... You are a huge narcissist and cant see the big picture through your envy.

Dont worry, you have plenty of government sheeple in your group. Just demand the government keep taking more and giving us less while overspending by massive amounts and everything is going to be peachy keen... Obama 2012...
Click to expand...
why do you keep quoting what percentage of taxes collected is paid by who? That's a misleading statistic.

a person who makes 30 million per year pays an effective income tax rate of 13% income tax:

30,000,000x.13 = 3,900,000 . That's 3.9 million dollars

a person who makes 30 thousand per year pays effective income tax rate of 20%:

30,000 x .2 = 6,000.

The person who made 30 million paid 650 times more in terms of the total income tax revenue, although that person who made 30 million per year made 1000 times more money. AAAND even though they made 1000 times more money they paid a tax rate that's 7% less than their less fortunate counterpart.

fair????
 
UncleBuck

UncleBuck

Well-Known Member
NLXSK1 said:
Just as soon as you stop your fairy tale lying about the bottom 50% only making .05% in income....

*waits for hell to freeze*
Click to expand...
to be honest, i don't know where i got that from and have never used it before, so that should be no problem.

however, you like to use the bottom 50% canard all the time, so i am OK with this deal.
 
NLXSK1

NLXSK1

Well-Known Member
UncleBuck said:
to be honest, i don't know where i got that from and have never used it before, so that should be no problem.

however, you like to use the bottom 50% canard all the time, so i am OK with this deal.
Click to expand...
Yeah yeah... go find someone else to troll.
 
eyesky

eyesky

Active Member
2010 I made $47K paid in $5,800 and still owed another $144, so what is that 12-13%?

2011 got laid off in April and only made $17k ;-) paid in $2K and I get $1,200 back... So yep 3-4%!
 
mccumcumber

mccumcumber

Well-Known Member
Edit: turns out my source was not too credible... Sorry about that looks like the bottom 50 do make 13%... Which is still measly considering that 1% makes 3x as much as the 50% of people.
 
dontexist21

dontexist21

Well-Known Member
Lest look at America like a business. Like any good business to have any return in the future it must make investments on its most valuable resources, i.e. its people. It must pay to build and maintain roads, educate its people, maintain a stable financial system. So is it not fair to say that if you were to look at America like a business that it would want its fair return on investment. Meaning if a person like Romney who benefited disproportional better then his fellow American, shouldn't he at least pay to same rate as everyone else. And don't give me the money was made from investments. Last time checked anytime you make a money its considered an income. And its not like a finacial system is run by gum drops and rainbows. It takes tax payer money to maintain it, so since the 1% benefit way way way more why should they not pay the same rate at the very least.

Dont give me the rich create jobs. Their tax rate for them has been their lowest in 8 years, where are the jobs. Show me one stat that proves this point, bet you can't since it is a giant lie. Apparently some people don't understand how business and the economy works. NO and I mean NO business basis their hiring on taxes, they base it on how much people spend in their business. You can have a 0% tax rate and it would be meaningless if no one bought their products. Common Sense.

Now what happens when the entire economy tumbles because of reckless bets made by the 1%. (Now the bottom 99% have their fair share of the blame, since they took out the loans, but the top 1% knew exactly what they were doing. They were the ring masters, they were the ones with the money) The largest spending block, i.e. bottom 99%, start to worry because their house is now worth less, and their benefits are being cut, and to top it all off they might or already have lose their job. What do you think their are going to do, give you a hit, stop spending as much. Now what happens when the largest spending block decides to stop spending? Here is another hint: Business start cutting jobs, and this cascade leads to more people not spending and more people getting fired. Econ 101.
 
UncleBuck

UncleBuck

Well-Known Member
dontexist21 said:
Lest look at America like a business. Like any good business to have any return in the future it must make investments on its most valuable resources, i.e. its people. It must pay to build and maintain roads, educate its people, maintain a stable financial system. So is it not fair to say that if you were to look at America like a business that it would want its fair return on investment. Meaning if a person like Romney who benefited disproportional better then his fellow American, shouldn't he at least pay to same rate as everyone else. And don't give me the money was made from investments. Last time checked anytime you make a money its considered an income. And its not like a finacial system is run by gum drops and rainbows. It takes tax payer money to maintain it, so since the 1% benefit way way way more why should they not pay the same rate at the very least.

Dont give me the rich create jobs. Their tax rate for them has been their lowest in 8 years, where are the jobs. Show me one stat that proves this point, bet you can't since it is a giant lie. Apparently some people don't understand how business and the economy works. NO and I mean NO business basis their hiring on taxes, they base it on how much people spend in their business. You can have a 0% tax rate and it would be meaningless if no one bought their products. Common Sense.

Now what happens when the entire economy tumbles because of reckless bets made by the 1%. (Now the bottom 99% have their fair share of the blame, since they took out the loans, but the top 1% knew exactly what they were doing. They were the ring masters, they were the ones with the money) The largest spending block, i.e. bottom 99%, start to worry because their house is now worth less, and their benefits are being cut, and to top it all off they might or already have lose their job. What do you think their are going to do, give you a hit, stop spending as much. Now what happens when the largest spending block decides to stop spending? Here is another hint: Business start cutting jobs, and this cascade leads to more people not spending and more people getting fired. Econ 101.
Click to expand...
well said.

people often forget that consumer spending is about 2/3 of the economy. what's the easiest way to make sure the economy hurts? make sure people have less money to spend.

when all the money flows to the top, as it has been doing, it is a known recipe for disaster. we've seen it before, history does repeat itself.

this is why i find it to be a cruel joke when i make $28k and pay 15% (effectively 22% or more after all is said and done) while someone who makes $20 million pays about 13%. it is a formula made for sending money to the top, one that those at the top made sure was there because they lobbied for it directly. and then they tell someone like me that i have to put some "skin in the game".

:cuss:
 
UncleBuck

UncleBuck

Well-Known Member
NoDrama said:
Capital gains, all you people who talk about taxes like you understand them obviously do not.
Click to expand...
how do you suggest i move around a $40k annual salary that is earned through hard work and productivity and make it so that i get to pay the same rate as willard?

as someone who is scolding us for not understanding how taxes work, i thought you would be the right guy to ask for some insight.
 
dontexist21

dontexist21

Well-Known Member
NoDrama said:
Capital gains, all you people who talk about taxes like you understand them obviously do not.
Click to expand...
So how would Romney have earned that amount on investment with out the US Government maintaining a relatively stable market, and insuring investors that their investments are safe. In some way shape or form the US has to insure investors that their investment is safe and to keep on investment. Until other wise the US dollar is standard for investments, especially with the euro going down the drain.
 
mccumcumber

mccumcumber

Well-Known Member
Isn't capital gains tax the lowest it has ever been history? That's complete horseshit in my opinion, but there's one thing that we need to come to terms with. If we raise taxes the rich can, and probably will move. They have been doing it for a while... And yet they belong to the most patriotic party in the united states?
 
M B P

M B P

Active Member
mccumcumber said:
Isn't capital gains tax the lowest it has ever been history? That's complete horseshit in my opinion, but there's one thing that we need to come to terms with. If we raise taxes the rich can, and probably will move. They have been doing it for a while... And yet they belong to the most patriotic party in the united states?
Click to expand...
and if we keep cutting taxes on the rich we end up where we are. Damned if you do... Damned if you don't. Might as well do it anyway. And if they leave we can start calling them "unamerican."
 
UncleBuck

UncleBuck

Well-Known Member
eyesky said:
2010 I made $47K paid in $5,800 and still owed another $144, so what is that 12-13%?

2011 got laid off in April and only made $17k ;-) paid in $2K and I get $1,200 back... So yep 3-4%!
Click to expand...
did you factor in the proportion of your income consumed by other taxes?

did you figure in SS, and medicare? did you figure in gas taxes, property, taxes, and sales taxes? state taxes too?

i mean, i make diddly and live pretty hand to mouth. what i make, i spend. some of my biggest expenses are rent (property tax), gas (gas tax), and basic goods (sales tax). almost all of my income gets taxed through the backdoor as well.

the same thing can be said for the guy making $20 million a year. in fact, with wealth comes the tendency to spend more on rent, gas, and goods. however, unlike the person who makes $20k a year, this expenditure eats up an infinitesimally smaller percentage of their total income.

if i spend 90% of 20k on items that are taxed at 10-15%, than i am spending at least 9% of my money on backdoor taxes.

if $20 million a year guy spends $500k on items that are taxed at 10-15%, they are spending 0.25% of their money on backdoor taxes.

it hits the little guy harder by a LONG SHOT, and federal income taxes should reflect this. anyone making $20 million a year on capital gains should pay at least as much as my effective tax rate on $20k, ceteris parabis. if not, then more (as i believe in progressive taxation).
 
You must log in or register to reply here.
Top