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Top 20% of Americans Will Pay 87% of Income Tax


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10 minutes ago, dontlooknow said:

And make 90% of the money. What is your point?

At 150k? 😂 People making 150k are paying almost all the taxes. You think it’s fair another citizen pays YOUR share? 

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3 hours ago, DeepBreath said:

https://www.wsj.com/articles/top-20-of-americans-will-pay-87-of-income-tax-1523007001

 

The left LOVES when someone else pays their way. Is $150K RICH? 

Why are incomes above 132,900 (for 2019) exempt the from the 12.4 % Social security taxes? Why is the unearned incomes (capital gains, rental income, etc), of mostly the rich, taxed at a lower rate (0%, 15%, 20%) and no Social Security or Medicare taxes paid on that unearned income?

Many of the highest income earners earn most of their income through capital gains and therefore pay a lower effective tax rate than earners in the lower quintile when ALL taxes are considered.

Income taxes are not the only taxes. State and federal fuel taxes on a gallon of gas, excise taxes, sales taxes, user fees, property taxes are all regressive taxes are applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners.

In reality, low income Americans a lot in taxes and their role in paying for roads, schools and other public services go largely unrecognized.

Lower income Americas pay almost 20% of their incomes in taxes when ALL taxes are considered.  They pay over 10% of their incomes in state and local taxes... a far bigger percentage than those in the top 20% of incomes. 12.3% of their income goes to Social Security taxes that stop on incomes over $132,900 and are not even collected on unearned incomes.

20% taxation on an income of $25,000 is a lot harder to afford than 20% on a capital gains income of $450,000.

 

I still think that Trumps gift of income tax cuts for the wealthy and big corporations is exacerbating income equality.

 

Remember...income taxes are not the ONLY taxes Americans pay. Income taxes may be slightly progressives but all the other taxes (federal, state, and local) are regressive and hit lower incomes harder.

Look what Social Security taxes have done as a source of federal revenue compared to corporate income taxes. Social sSecurity should not even be counted as a source as it is owed to those that paid into the system.

 

400px-Taxes_revenue_by_source_chart_history.png

 

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5 hours ago, DeepBreath said:

https://www.wsj.com/articles/top-20-of-americans-will-pay-87-of-income-tax-1523007001

 

The left LOVES when someone else pays their way. Is $150K RICH? 

 

Pretty standard for the left, especially the idiots posting on this site - and no, 150k isn't remotely rich. I'd almost say it's in the middle or a bit lower than middle within the middle class...

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40 minutes ago, LaughinAtLefty said:

 

Pretty standard for the left, especially the idiots posting on this site - and no, 150k isn't remotely rich. I'd almost say it's in the middle or a bit lower than middle within the middle class...

Really? Then explain why 50% of the population lives on $46,000 or less a year in household incomes.

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5 hours ago, harryramar said:

so what. we have the most to lose. some poor person with no money and no tax bill isn't going to lose much if we become socialists. 

Yeah... Not much... Just your liberty. But then again a whore like you could care less about liberty. You'd sell your own mom out for an increase in your welfare.

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3 hours ago, LaughinAtLefty said:

 

Pretty standard for the left, especially the idiots posting on this site - and no, 150k isn't remotely rich. I'd almost say it's in the middle or a bit lower than middle within the middle class...

150k annual salary is wealthy.  Having $150k in assets is  perhaps close to a middle class person's entire estate.

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18 minutes ago, Giujo said:

Yeah... Not much... Just your liberty. But then again a whore like you could care less about liberty. You'd sell your own mom out for an increase in your welfare.

says the phony patriot who cheered our kids into a war based on lies and then refused to ask any questions or hold the liars accountable. 

 

 

but he can call me names while hiding behind a fake name. 

big bad cujoe.LOL

 

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2 minutes ago, harryramar said:

says the phony patriot who cheered our kids into a war based on lies and then refused to ask any questions or hold the liars accountable. 

 

 

but he can call me names while hiding behind a fake name. 

big bad cujoe.LOL

 

Gooey joe is a feeble old man that licks boots.

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9 hours ago, DeepBreath said:

https://www.wsj.com/articles/top-20-of-americans-will-pay-87-of-income-tax-1523007001

 

The left LOVES when someone else pays their way. Is $150K RICH? 

do you know the misdirection of this thread is at?  Top 20% are the central authorities local, townhall, county seat, state and federal capitalis, global economic trade governing organized systems of denial and orchestrating theaters of doubt maintaining mayhem, madness, misery ancestrally going on in plain sight all selling hope, fatih, charity changes comes tomorrow for total dedication to maybe from now on.

 

Common theme in every reality, symbolism over substance counts and mind over matter means everything to die for because understanding the natural limitations of being eternally separated now can never be considered true facts. .

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5 hours ago, Buffalo said:

Why are incomes above 132,900 (for 2019) exempt the from the 12.4 % Social security taxes? Why is the unearned incomes (capital gains, rental income, etc), of mostly the rich, taxed at a lower rate (0%, 15%, 20%) and no Social Security or Medicare taxes paid on that unearned income?

Many of the highest income earners earn most of their income through capital gains and therefore pay a lower effective tax rate than earners in the lower quintile when ALL taxes are considered.

Income taxes are not the only taxes. State and federal fuel taxes on a gallon of gas, excise taxes, sales taxes, user fees, property taxes are all regressive taxes are applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners.

In reality, low income Americans a lot in taxes and their role in paying for roads, schools and other public services go largely unrecognized.

Lower income Americas pay almost 20% of their incomes in taxes when ALL taxes are considered.  They pay over 10% of their incomes in state and local taxes... a far bigger percentage than those in the top 20% of incomes. 12.3% of their income goes to Social Security taxes that stop on incomes over $132,900 and are not even collected on unearned incomes.

20% taxation on an income of $25,000 is a lot harder to afford than 20% on a capital gains income of $450,000.

 

I still think that Trumps gift of income tax cuts for the wealthy and big corporations is exacerbating income equality.

 

Remember...income taxes are not the ONLY taxes Americans pay. Income taxes may be slightly progressives but all the other taxes (federal, state, and local) are regressive and hit lower incomes harder.

Look what Social Security taxes have done as a source of federal revenue compared to corporate income taxes. Social sSecurity should not even be counted as a source as it is owed to those that paid into the system.

 

400px-Taxes_revenue_by_source_chart_history.png

 

 

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10 hours ago, DeepBreath said:

https://www.wsj.com/articles/top-20-of-americans-will-pay-87-of-income-tax-1523007001

 

The left LOVES when someone else pays their way. Is $150K RICH? 

 

- Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016 -

And, Along With the Other 47% (Adult America)

  President Donald Trump is Giving Us a Tax Cut.

 

  • The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
  • The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.
  •   Ass-douche Self-entitled Adolescent Socialist Malcontents paid a whopping 3 percent of total individual income taxes.
  • Lootin' Democrat National Socialist Vote-Plantation n!ggers paid... nothing. (00.0 percent)

 

760x-1.png

 

 

So WTF is Federal "Health" and "Income Security"...?

...to the tune of $840 Billion...?

(112% of the Deficit)

 

- Democrat National Socialism -

(Medicaid/Food Stamps/EBT/Section-8/Etc...)

 

199498_757progressives2.jpg

 

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Pleading w/ the poor to pay taxes is like asking someone to run a race in cement shoes.

 

I find it humorous that corporations (who have more wealth than some countries) solicit politicians not to be taxed.  Meanwhile, those corporations are only wealthy bcus of those same people they’re wanting to tax.

 

Yet we revere that by calling it capitalism.  But asking the rich (who have most of the wealth) to counterbalance that by paying MORE in taxes is socialism.

 

There’s a thin line b/t what constitutes socialism & capitalism.  


The debate is really over where are people comfortable having socialism, & where people are comfortable w/ unbridled capitalism? 
 

*patiently waits for poster to give the definition of socialism by spotlighting gov’t versus public owned production/distribution* 

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Just now, LaughinAtLefty said:

Decisions and choices made in life. In spite of what the left falsely attempts to portray, there is still great opportunity in this country. Problem is - ya actually have to make continuous good choices, work your ass off, be self-disciplined and keep at it...

 

Four examples I see weekly....well, except the snow removal company as we don't go to our CO home much in the winter.

 

1. The owner of our pool service company

2. The owners of the two lawn/landscape/snow removal company's

3. The owner of our plumbing work company

 

Pretty sure each of these do not have degrees, yet they've each busted their hump to get where they're at. Hard work, discipline, goals and more hard work.

 

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1 hour ago, XavierOnassis said:

150k annual salary is wealthy.  Having $150k in assets is  perhaps close to a middle class person's entire estate.

 

Where is your division line between upper-class and middle-class?

Opinions seem to be all over the place.

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7 minutes ago, Blue Devil said:

 

Fuck you.

 

Academic Communist Malcontent parasite...

 

marxism.jpg

 

"From each according to his ability...……..to each according to his need".

                                                                                                                                  Karl Marx

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7 minutes ago, Taipan said:

 

"From each according to his ability...……..to each according to his need".

                                                                                                                                  Karl Marx

 

-Ass-douche Self-entitled Adolescent Socialist malcontents -

...can never honestly respond to this simple Question:

 

4facc3e9a1dc630ce9a9934f5b092811.jpg
 

 

Whereas a true American...?

 

- AMERICA -

 

You have the Unalienable Right to Fail,

...and Start Anew.

 

You have the Unalienable Right to Starve to Death,

...if you don't Freeze to Death in Winter first,

...if that is Your Free Will,

...and the Product of Your Labor.

 

- Blue Devil -

 

we+are+not+all+socialists+now.jpg

 

 

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