The Rich Really Do Pay Higher Taxes Than You

They owe the government, not me.

Military.

 

Don't hide behind that crap.
You should owe the same as them

Among others

 

Why should I owe as much as them? If I earn $20,000, and Jerald earns $940,000, should we both owe $15,000 even though he earns so much more?

But cut military first. It benefits us the least.

 

The issue is rates.
But you knew that

 

No you said:
"You should owe the same as them"

Why should a wealthy person pay more in taxes than you should?

 

Oh cripes.
Get serious

 

No, I'm serious.

You said:
"Someone owes you something because they can afford it?"
"You should owe the same as them"

Why should a rich person pay more in taxes than you if the above is true?

 

Yawn.
You gimme free shitters are all the same

 

So according to your own arguments, you are a freeloader. Since you want to pay less in taxes than rich people.

 

Snicker snicker.
You argued for raising rates on those with more than you, not me

 

But you also support the rich paying more in taxes than yourself. So we kind of agree then?

 

Individuals should pay no indirect taxes.

 

A tax is a tax whether it is direct or indirect. People honestly don't really care.

 

Oh, so you don't mind scrapping the income tax for a pure direct taxation system?

 

I really don't mind how the tax is delivered as long as it doesn't cut taxes on the wealthy and raise them on everyone else. An income tax does allow us to more precisely determine tax rate by income which is why I prefer it.

 

Direct taxation doesn't consider income at all

 

I don't really care about whether a tax is direct or indirect. Personally I like the idea of having an income tax, a corporate tax, an estate tax, and sin taxes like a carbon tax. The carbon tax and sin taxes will hit the working class harder while the other taxes will affect the wealthier more.

 

So you don't care if we don't consider income as the basis of taxation?

 

I'd have two types of taxes. Progressive taxes that make income the basis. And sin taxes that don't make income the basis.

 

Effective 1993, Clinton raised the top 2 income tax rates, and said tax increases REMAINED on the books until Bush took over the Oval Office.

Agree or disagree?

 

Well - and looking at the posted tax rate - does not reflect what rich folks actually pay.

 

Quote: After the Gingrich/Kasich and Bush43 tax rate cuts tax revenues exploded

PLEASE DEFINE "EXPLODED"

Revenue growth rates, 1993 - 2001.....BEFORE and AFTER Gingrich/Kasich tax cuts

U.S. Tax Revenue by Year

FY1992 - $1.09 trillion
+5.5%
FY1993 - $1.15 trillion
+9.5%.......…………………...…..IMO, from 5.5% to 9.5% is an explosion
FY1994 - $1.26 trillion
+8.1%
FY1995 - $1.35 trillion
+7.4%
FY1996 - $1.45 trillion
+9.0%
FY1997 - $1.58 trillion
+8.9%
FY1998 - $1.72 trillion
+5.8%....…………...……………...IMO, from 8.9% to 5.8% is an implosion, thus, after Gingrich/Kasich tax cuts, we had an implosion.
FY1999 - $1.82 trillion
+11.5%.....……...………...……….IMO, from 5.8% to 11.5% is an explosion
FY2000 - $2.03 trillion

https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762

PLEASE DEFINE "EXPLODED"

 

Double digit
From OMB historical tables whitehouse.gov

Year - Revenues - % chng
1990 1,032.0 4.1%
1991 1,055.0 2.2%
1992 1,091.2 3.4%
1993 1,154.3 5.8% <- Clinton tax increase signed AUGUST 1993 additional tax revenues due differed until 1995 and 1996
1994 1,258.6 9.0%
1995 1,351.8 7.4% <-"Taxpayers who owed additional 1993 taxes due to the
OBRA93 tax rate increases were given the option of
deferring payment of two-thirds of the tax that was in
excess of the tax that would have been owed at the 31
percent rate. Half of the deferral taxes were to be paid in
1995 and the remaining half in 1996 [2].
http://www.irs.gov/pub/irs-soi/93inintrts.pdf
1996 1,453.1 7.5%
1997 1,579.2 8.7% -> Gingrich/Kasich tax rate cuts
1998 1,721.7 9.0%
1999 1,827.5 6.1%
2000 2,025.2 10.8%
2001 1,991.1 -2%
2002 1,853.1 -7%
2003 1,782.3 -4% Bush tax rate cuts begin implimentation
2004 1,880.1 5% Bush tax rate cuts fully implimented
2005 2,153.6 15%
2006 2,406.9 12%
2007 2,568.0 7%

Clinton's tax rate increase slowed tax revenue growth from the strong upward curve he inherited even with the differed revenues. We hit double digit after Republican tax rate cuts.

 

Where have I said different? And he slowed tax revenue growth, and GDP growth, and then the Republicans took back the Congress and began passing their policies and their budgets and tax revenues exploded and they produced paltry deficits and even surpluses.

 

Our tax code was never ended to provide social and economic justice as is desired by the left.