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Old 05-03-2017, 11:33 PM   #31
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When you look at current practices, the government does not really care how much revenue comes in thru the tax system, because consideration thereof is almost non-existent when formulating their "budget" and determining how much they are going to spend.

On the other hand, taxation is more importantly used as a means of separating the middle class from more of their earnings, thus widening the gap between the two class groups.
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Old 05-04-2017, 11:40 AM   #32
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...... I can't imagine that there is a single American who paid an overall tax rate of 35% much less the majority as you suggest. Maybe on the last dollars earned but certainly not on every dollar.........
There many who pay more than the 35%.
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Old 05-04-2017, 06:38 PM   #33
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Bottom line.
The government is a bunch of lying thieves.

The FF had the tight idea when the English Muffin King George taxes them - they shot at him.

A lesson lost on today's victims.
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Old 05-04-2017, 07:21 PM   #34
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There many who pay more than the 35%.
Federal income tax paid/AGI, I don't think there are.

I'll have to back off my "no one". I don't know that. It's probable that across the entire tax paying population, there are some. But they are very few.

To be fair, I was responding to someone claiming a 25% flat tax would save most American's money.

I know wrong doesn't have actual degrees but if it did "no one pays 35%" is still closer to the truth than "a 25% flat tax saves everyone money".
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Old 05-04-2017, 08:13 PM   #35
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Federal income tax paid/AGI, I don't think there are.

I'll have to back off my "no one". I don't know that. It's probable that across the entire tax paying population, there are some. But they are very few.
Very few. The highest bracket is 39.6%, and that is on ordinary income over $400K. You would have to have a lot of income in that top bracket to average out the lower rates on the first $400K. But there are people in that income range that pay over 50% in total taxes, including federal, state, and local.

Anyone making that much is probably paying a lot of it as capital gains tax, which is 20% for the highest earners. And they are paying a good tax accountant to find ways to avoid taxes. In Trump's leaked 2005 tax return, he paid an over-all rate of about 24% on many millions.
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Old 05-04-2017, 09:49 PM   #36
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Federal income tax paid/AGI, I don't think there are.

I'll have to back off my "no one". I don't know that. It's probable that across the entire tax paying population, there are some. But they are very few.

To be fair, I was responding to someone claiming a 25% flat tax would save most American's money.

I know wrong doesn't have actual degrees but if it did "no one pays 35%" is still closer to the truth than "a 25% flat tax saves everyone money".
Your statement wasn't FedTax/AGI. It was total income tax/AGI. A person can absolutely pay a FedTax/AGI of 35%+.

To be fair with the flat tax, most proposals I have seen have a hefty exemption amount so that a single person making $40,000 may not pay a nickel due to the exemption.
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Old 05-04-2017, 10:01 PM   #37
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.......Anyone making that much is probably paying a lot of it as capital gains tax, which is 20% for the highest earners. And they are paying a good tax accountant to find ways to avoid taxes. In Trump's leaked 2005 tax return, he paid an over-all rate of about 24% on many millions.
You would be shocked by the amount of people having W-2s showing millions in earnings.

The top capital gains rate is 23.8%.
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Old 05-04-2017, 10:07 PM   #38
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Federal income tax paid/AGI, I don't think there are.

I'll have to back off my "no one". I don't know that. It's probable that across the entire tax paying population, there are some. But they are very few.

To be fair, I was responding to someone claiming a 25% flat tax would save most American's money.

I know wrong doesn't have actual degrees but if it did "no one pays 35%" is still closer to the truth than "a 25% flat tax saves everyone money".
The proposed Flat Tax "brackets" are 10%, 25%, and 35%. That is a flat tax.

Nobody making less than $17,000 or so (May be wrong on this number, but there is one) will pay a nickel in Federal Income Taxes, so yes, there will be a floor.

I'd be in favor of ramping up from 0% to 10% obviously based upon income, but I am all for this bracket.

Either way 10% is outstanding. The poorest of the poor actually working and bringing in income are taxed below previous levels. (Even the diehard Dems and Obama couldn't bring those kinds of promises home for "their" supposed voters and supporters.)

Top end of 35%? Yeah, with basically zero deductions, I'd be fairly certain that most (most as in > 51%) will pay more in Federal Taxes than they ever would have before in previous years. Any percentage going up in THIS tax bracket makes up for millions of people in "tax breaks" in other brackets, amirite?

But hey, lets just throw around stupid crap like nearly 40% and now 35%, and our Prez is giving the rich a Tax break. Schumer and Pelosi already have that craziness covered.
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Old 05-05-2017, 11:20 PM   #39
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there may be a hell of a lot that pay 35% via Alternative Minimum Tax
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Old 11-02-2017, 01:03 PM   #40
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*BUMP*

GOP tax plan unveiled:

https://www.nytimes.com/2017/11/02/u...publicans.html
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Old 11-02-2017, 04:56 PM   #41
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Every time a Republican cuts taxes, some American who really needs help gets screwed.

But the GOP in all their magnanimous glory don't care. The rich have got to get richer (while promising more jobs and great tax breaks for all!!)

Even though half the country needs a federal income tax break like horseplayers need a higher takeout.

And good jobs never seem to trickle down.

And let's not forget the religious have to be pacified!! Otherwise who the hell would ever vote Republican? (Oh yea, those pesky straight shooters who don't see a problem with just about everybody packin' would. )
I see you have all the stupid leftist talking points memorized.
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Old 11-02-2017, 05:00 PM   #42
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Not only was I seriously going to, I seriously did!
Why is precisely why so few of us take you seriously.
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Old 11-02-2017, 05:15 PM   #43
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Republican tax plans pout people in jobs.
Democrat tax plans put people on food stamps.
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Old 11-02-2017, 06:04 PM   #44
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Republican tax plans pout people in jobs.
Democrat tax plans put people on food stamps.
and this is really the nuts and bolts of it.
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Old 11-02-2017, 06:30 PM   #45
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Republican tax plans pout people in jobs.
This Republican tax plans mostly benefits the wealthy and super-wealthy and will add $$$$$$$$ to the deficit.

Still on board, right?
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