ThickStemz
Well-Known Member
The corporate tax rate is the same as the corporate tax revenue, I addressed that in post #14 of this same thread. Revenue is collected at the current tax rate, if the tax rate falls, the amount of revenue collected also falls
Raising the minimum wage benefits between 35 and 38 million low wage workers
Do you not speak English? The corp tax rate can't be the same as corp tax revenue. The RATE is the percentage of profit corporations pay to the government. The REVENUE is the total amount of all tax dollars collected by the government.
You can't be that dumb.
I don't favor raisin the minimum to 15 an hour. But I do favor an increase. It's just that putting 3 or 4 thousand dollars in someone's had each February can do more to help them than an extra 80 bucks a week. The min wage won't rise over night more than 50 cents on the dollar. A dollar at most. Not nationally.
The eitc target specifically those who need help. Minimum wage laws do affect a lot of those who need help, but it won't help all. Why? Becuase not everyone earning the minimum is from a poor family. And also, not everyone who needs help earns the minimum. You're not much better off at 9 an hour than you are 7.50.
The eitc targets those who need help more efficiently.
I did not such thing. This is how I know you just gaze over what I write and don't read it.You suggested fixing the tax issue by making everyone in the top 20% of income earners pay "an average" of $45,000. I told you the top 20% of income earners includes people making $92,000 a year, meaning that if their income tax "averages" out at $45,000, they have an effective income tax rate of 49%
Then you said;
So what do you mean by "average tax"? If everyone in the top 20% paid an "average" of $45,000 in income tax, those at the top of the bracket would have much lower rates than those at the bottom (regressive)
If we did what you're suggesting - add up all the taxes the top 20% pays, then divide by the number of people in the 20% to "average" out at ~$45,000, who pays that amount? Does the guy making $92,000 a year pay that much in income taxes? Does the guy making $10,000,000 a year pay that much in income taxes?
If not, how much do they pay in income taxes, respectively, to "fix this problem"?
I asked you how you wanted to fix it with taxes. Then I stated that the top 20% ALREADY have an average tax burden of about 45k per taxpayer.
This isn't a proposal. It's their current situation. It illustrates the country in fifths and shows what each pays. The top 20% is the only group that has a meaningful tax bill. The second highest average 700 per tax payer. The lower 3 fifths either pay nothing or have a net gain because of the income tax refund becuase of the eitc and other programs. So when people like you say the rich font pay their fare share, I simply don't know what the fuck you're talking about.