Where did the myth of "historically high taxes on the wealthy" come from?

Do you really think adding capital gains is going to improve your argument? There is an even larger gap in who actually uses and receives capital gains, and they still pay the bulk of taxes on them too. The rich pay the most in property taxes, sales taxes, car taxes. You name it, they pay more of it because they have the money to spend more.

 

Capital gains taxes are included in income taxes, which make up 43% of all federal tax revenue.

 

No, I am a working peon for the military who thinks all I need is a paycheck to feed my family and pay for my home while still allowing me to save for my own retirement is enough, but I can see someone that is jealous over someone else's money from a mile away.

You mean there has been no new millionaires in the past 30 years? OMG, stop the presses. Or do you mean cause the poor reproduce at an astronomical rate that it actually brings down their numbers that make them fit into your assessment that no one else is getting rich anymore. Quit playing ignorant to all the causes surrounding people lot in life and start focusing the blame on those that cause their blight. Only Warren Buffet is trying to keep others from getting rich by trying to have the government tax them more.

The government can't spend people out of poverty, but they sure can tax people back down to it.

 

The numbers that didn't take into account all taxes?

 

Anyone can say anything anything on the internet. I can see someone who is greedy a mile away.

No.

 

No, you just assume anyone who doesn't lick the nether parts of the rich and privileged as assiduously as you do must be jealous of them.

So please answer a simple question: in your view, is it possible, even in theory, for someone who is not rich to oppose injustices that profit the rich for any reason other than jealousy? And if so, then please identify a public figure who is in that category.

 

What are these "injustices" that profit the rich. I just want a clear view of the question before I answer it. Thanks.

 

The Obama Stimulus Package which fed hundreds of millions of dollars directly into the pockets of construction company owner's pockets? Bush's TARP bailout of millionaire bankers and investors? The constant state of war that the United States maintains funneling billions of dollars into the pockets of wealthy defense contractors?

Yes, I can see government spending making the wealthy more wealthy. So, stop the spending instead of raising taxes.

 

I agree with the government giving money to the rich, but I was sure he was talking about something along the lines the rich getting richer off the backs of working people. There are a lot of rich people that didn't recieve government hand outs, are they to be lumped in with those corrupt rich that have politicians in their pockets?

 

Privileges: legal entitlements to benefit from the uncompensated violation of others' rights.

We already know the answer: anyone who doesn't kiss, lick and suck the nether parts of the rich and privileged as subserviently as you do, you accuse of being jealous.

Despicable.

 

How are they different? Working people pay the taxes that fund the government favors to the rich.

Name one.

The richer someone is, the less likely that they obtained their wealth by commensurate contributions to production. At the highest level, the probability approaches zero: those who didn't get their wealth from government privilege, no-bid contracts, political favors, etc. got it through scams, financial manipulations, theft of corporate assets, etc.

"Behind every great fortune is a great crime." -- Balzac

 

What are you talking about? All you are doing right now is conjecturing and not bringing any substance to the question that you asked. What "legal entitlements" are you talking about. Vagueness seems to be your only consistency.

Glad you put words into my mouth. Glad to see the left with so much "civility".

 

50% don't. And the majority of them get money back from the government.

You know that not every rich person is a banker or CEO of an insurance company, hedge fund account, or car company right? Walmart CEOs didn't get a bailout, there is 4.

So, Bill Gates, Steve Jobs, and Warren Buffet all just got rich off of stealing? How about the owners of walmart? Oprah?

And your reference to what is happening today is from a guy that died in 1850 who was a screen write? "The trapped souls in the human body are called Theatons." - L. Ron Hubert. I can pull crap out that doesn't mean (*)(*)(*)(*) to this conversation too.

 

Now, you know that is a false statement by now.

Why do you keep repeating a false statement?

 

You are very correct, Wildjoker5.

Here are some easily verifiable data that back up your statements and conclusions.

"The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes."



The latest data show that a big portion of the federal income tax burden is shouldered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 percent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare. http://www.american.com/archive/2007...pays-the-taxes

 

Yeah...well, I tend to ignore quotes from dudes named ballsack.

 

It's closer to the truth than posts you've put up in blatant ignorance of the fact that tax cuts historically increase revenues due to economic stimulation...

 

LOL

Increased revenues:

Year - Inc tax rev.
2000 1004.5
2001 994.3
2002 858.3
2003 793.7
2004 809.0
2005 927.2
2006 1,043.9
2007 1,163.5
2008 1,145.7
2009 915.3

Historical increase in the economy:

Average annual real growth during FDR: 9.17%
Average annual real growth during Truman: 1.40%
Average annual real growth during Eisenhower: 2.99%
Average annual real growth during Kennedy: 4.25%
Average annual real growth during Johnson: 5.22%
Average annual real growth during Nixon: 3.55%
Average annual real growth during Ford: 1.53%
Average annual real growth during Carter: 3.26%
Average annual real growth during Reagan: 3.40%
Average annual real growth during Bush1: 2.15%
Average annual real growth during Reagan & Bush1: 3.0%
Average annual real growth during Clinton: 3.87%
Average annual real growth during Bush2: 2.03%


"Blatant ignorance" LOL

 

Your chart is missing 57% of the taxes paid.

 

That is just a blatant lie.

 

You are lying again, James.

You know that I have proved that claim is a lie many times, James. There are many taxes other than federal income tax, and people with low incomes pay many of them. It is just a flat-out lie to claim that federal income tax is "the taxes," and you know that fact perfectly well. You just repeat the same lie over and over again no matter how many times I prove to you that it is a lie. That is the Big Lie Technique, James. You are using the same Big Lie Technique that Adolf Hitler and the Nazis used.

No, that claim is a lie. The measure of wealth is wealth, not income.

Again, James, you know that I have proved to you many times that that claim is a lie. Federal income tax is just one tax, and it accounts for less than half of federal tax revenue, and NO state or local tax revenue. It is also the only tax levied on the basis of income, so it is not surprising that those with the highest incomes pay most of it.

In exactly the same way, the federal gas tax is only levied on people who buy gas, so people who don't own cars don't pay any of it. But it would be a stupid, f*cking, evil lie, to claim that people who don't buy any gas don't pay any of "the taxes," just as it is a stupid, f*cking EVIL LIE on your part to claim that people who have below median incomes only pay 3% of "the taxes."

More accurately, they also don't include any state or local taxes, and do not include federal excise taxes, tariffs, gas tax, etc., proving that you are lying when you claim that people who don't pay federal income tax don't pay any of "the taxes."

Please stop repeating your stupid, evil lie, James. I have proved it is a stupid, evil lie dozens of times, and you know that. You know that you are lying, but you choose to keep on repeating the same Big Lie over and over again, just like Adolf Hitler and the Nazis. That is probably because you have chosen to be evil and dishonest just like Adolf Hitler and the Nazis who murdered millions of innocent people. Do you think that your stupid, evil lie will enable you to murder millions of innocent people, James? It's possible I suppose. Certainly millions of innocent people are murdered every year by evil institutions that are sustained by the lying of people like you who tell stupid, evil lies.

 

Privilege.

Stop lying. I am identifying the facts.

Privileges such as land titles, patent and copyright monopolies, private banks' privilege of creating debt money, broadcast spectrum allocations, mineral rights, corporate limited liability, tax-funded deposit insurance, agriculture subsidies, restrictions on competition in the practice of law and medicine, etc., etc.

You know that you automatically accuse anyone who questions the privileges of the rich of jealousy. There is no "perception" of jealousy involved. It is simply a blanket accusation that you level at anyone who opposes the injustices that profit the rich.

 

I'm pretty sure its from U.S guys who set up residence in ireland.. probably right next to the ex presidents of mexico that move there once they finish collecting hundreds of millions from robbing the people there.

 

That is a lie. You are lying. Why do you feel you need to lie?

Lots of people get money from the government. The difference between the rich and the poor is that the poor only get a little bit.

WalMart has benefited from other privileges, especially land use favors from local governments.

To one degree or another, yes. Especially Gates. Buffett mainly just looks at who are likely to be the most successful thieves, and buys into their action. He is very good at seeing who will be able to steal the most.

Yep. Same tune, different verses.

?? Huh? Balzac was a novelist, there were no screen writers in the 19th C, duh.

What is happening today has been happening for thousands of years. Balzac simply identified it.

 

Why isn't it a true statement? Cause they pay sales tax?