Do you support taking money from the rich and giving it to those that are poor?

My, how dismissive and condescending, but I'm sure you are a polite and civil in person.

Of course I know the difference between income and wealth but you are missing the point I was trying to make. The middle class is not what it was as a tax base. In the past one could enter the middle class with a high school diploma. Now college graduates are having to take service industry jobs. In many towns the largest employer is Walmart or an Amazon distribution center. The graph was to illustrate where the money is and where it is not and the rich have many ways to hide their wealth.

"According to Forbes, those 25 (richest Americans) saw their worth rise a collective $401 billion from 2014 to 2018. They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%.

It’s a completely different picture for middle-class Americans, for example, wage earners in their early 40s who have amassed a typical amount of wealth for people their age. From 2014 to 2018, such households saw their net worth expand by about $65,000 after taxes on average, mostly due to the rise in value of their homes. But because the vast bulk of their earnings were salaries, their tax bills were almost as much, nearly $62,000, over that five-year period."

In other words the tax system needs to be more equitable.

Then it's what our "Framers of the Constitution" opposed and were willing to die for nonsense. They also opposed a standing army and freeing the slaves.

You do go on cherry picking federal program rules that are not flexible enough and pronouncing them failed. Fair enough, but I could do that with state programs as well. These programs need to be centralized because the tax base is uneven. The big money is on the coasts. The southern states don't have the tax base to cover their needs.

You do make some extraordinary statements like, "$7.25/hour in some of those 937 economies is equal to $27.25/hour in certain other of your 937 economies." and "the reason housing prices are so high in some of the 937 economies is because of the failed policies of HUD." of which I'm sure you can provide proof of.

 

You DO realize that the rich pay 80% of all the taxes in the country. Trumps 750.00 was a FILING FEE, unlike what the dishonest media spouted. If he had legal deductions to reduce his taxes why would he not use them? BTW I would LOVE to pay the same tax per dollar as the middle class (btw what's that?). 38% is WAAAAAY more than they do.

 

See its really strange to read things like this.
The rich pay pretty much ALL the taxes in this country. The bottom 48% pay nothing. When is NOTHING a "fair share"?
Mod edit/Off topic.

 

You do not understand the difference between INCOME and wealth. You also assume that wealthy people are a static group, when in fact people move in and out of the "wealthy" status every year. Lets say you buy a house next year for 200,000. The house is nice and is in a good area. The value of the house goes up by 250,000 (which is determined by a governmental body yearly). Are you good with paying taxes on that 50,000 dollar wealth gain the next year?

 

I'm good with increased property taxes.
Oh the poor wealthy, but they have a lot of ways to weasel out of taxes like here, as I noted earlier.
It's interesting you skipped the next paragraph on the middle class. You don't seem to be interested in tax equity, just making excuses for the rich. Odd.

 

With respect to Social Security, it's called a "reciprocal agreement."

Any number of reciprocal agreements are in effect now between the several States concerning a variety of matters, everything from taxation, to university tuition, to worker's compensation etc etc etc.

It's child's play for one State to give credit to a resident who earned retirement credits in another State, and vice versa, and there are dozens and dozens of ways to deal with it and none of them require the involvement of the federal government.

With respect to Medicare, your federal and State governments got suckered by the American Hospital Association into creating the nightmarish morass you have today, and that is neither conjecture, nor speculation, nor wishful thinking.

It is documented fact.

It is documented fact that the American Hospital Association, with the help of your federal and State governments disenfranchised Millions of Americans so that they could not get health plan coverage.

And then, the American Hospital Association offered up a "solution" to the "problem" it created.

That's Medicare. The AHA wrote it.

That's documented fact.

If it wasn't for the American Hospital Association, all of you would pay health insurance premiums for only 10 years and you'd never pay another dime after that for the rest of your lives.

Yet, you, your spouse, and your minor children would be covered until the day you die.

And, when you died, whatever money you hadn't spent on medical care would be given to your named beneficiaries, so that you could pass on wealth to your children or grandchildren or whoever you named as a beneficiary.

And, why, yes, that's a documented fact, too.

 

Your inability to refute facts is noted, and I will gladly accept your unconditional surrender.

 

I was replying to this "What isn't fair is that people who don't understand the difference between income and wealth are allowed to vote."

that was my answer, don't like it, tough

btw, I support a flat tax

a flat tax where everyone pays the same % for every dollar they earn over the poverty line is the only fair system

all income needs to be treated as income, no caps, everyone pays the same % across the board for every dollar earned over the poverty line

 

With no standard deduction or any other deductions? And what rate would you set it at?

How would you handle small business whose owners use pass through taxation in order to pay the taxes on the business?

 

How much more out of balance do the "TAX THE RICH" want to make it?

"President Biden’s effort to pass the largest tax increase in U.S. history is based on the verifiably false claim that Americans with high incomes don’t pay their “fair share.” In no other country do the rich bear a greater share of the income-tax burden than they do in the U.S.
Organization for Economic Cooperation and Development data show that the top 10% of American households earn about 33.5% of all earned income but pay 45.1% of all income taxes, including Social Security and Medicare payroll taxes. That progressivity ratio of 1.35 is far higher than in any other country. The ratio in France is 1.10. In Germany it’s 1.07, and in Sweden an even 1. In the last OECD study, in 2015, the top 10% of earners in the U.S. paid 45% of all income taxes. In France, the top 10% only paid 28%. In Germany they paid 31% and in Sweden 27%. Conversely, the bottom 90% of earners in the U.S. paid 55%. The bottom 90% of earners in France paid 72%. In Germany it was 69% and in Sweden 73%.





https://www.wsj.com/articles/tax-th...phole-biden-11634226708?mod=opinion_lead_pos7

If this is not fair as Biden and the left claim then what would be?

 

This "opinion" piece that I could not read because of a paywall, so I just chose one country to check his veracity...France.

To quote your piece: "In France, the top 10% only paid 28%."

The income tax rates in France in 2021 are the following:

• Up to €10,084: 0%
  
  
• €10,085–€25,710: 11%
  
  
• €25,711–€73,516: 30%
  
  
• €73,517–€158,222: 41%
  
  
• €158,223+: 45% (That is equivalent to $185,000)
  
  Their capital gains tax is 30%. (ours is 0% for the first $80K, 15% up to 500K and then 20%)

They also have a tax on goods and services (VAT) of 20% (we don't have that)

In other words they pay way more taxes and that is why Europe is more equitable and more civilized.

 

Let me guess: Your name is Robin?
Robin Hood?
Pleased to meet you!