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Americans Making Over $50,000 a Year Paid 93.3 Percent of All Taxes in 2010

Discussion in 'Political Issues' started by snerd, Apr 16, 2012.

  1. snerd

    snerd

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    I think we definitely need to rework the tax code.
     
  2. wjv

    wjv

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    Yup. . . They need to pay 99.9999%. . .

    It's just not fair that those making under $50K per year had to pay a whopping 6.7% of the tax burden.

    Evil 1 percenters!!!!

    :tongueout:

    How much do you want to bet that 99.9% of all jobs creation is done by those making more than $50K per year. . .
     

    Last edited: Apr 16, 2012

  3. Brucev

    Brucev

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    That's fine. We make the money. So, we pay the tax. Makes perfect sense.
     
  4. Javelin

    Javelin Got Glock? Silver Member

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    And the 48% in this country that are on government support making under $50K (the majority of the under $50K wage earners).

    --------> With the bulk of low wage earners on welfare how are you going to tax someone on welfare? Your tax dollars are giving them money... not taking it.

    Only answer: Take away welfare & tax tax tax the poor. Hey don't laugh it worked in England just a few centuries ago.
     
  5. aircarver

    aircarver Ride Continues Silver Member

    and.... We make the money.... we keep the money .... :thumbsup:

    .
     
  6. certifiedfunds

    certifiedfunds Tewwowist

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    Don't you run a non-profit?
     
  7. Brucev

    Brucev

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    Is the big concern that the wrong social class is benefiting from all this federal largess?

    Is it possibly the idea that we should rather pay what amounts to a head tax rather than a tax on relative "prosperity" (since with built in loopholes those who are most prosperous pay far less in percentage).

    Is there any proof demonstrable that taxing the poor produces the revenue necessary to fund the equivalent of a victorian imperialism ala old world britain?

    If there is no proof demonstrable, then is the main idea that America hope that supply-side 2.0 will not be a worse failure than the original version of voodoo once foisted on the U.S.?
     
  8. Brucev

    Brucev

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    Perish the thought. I work for a living. You know. As in wages, tips, salary, etc.
     
  9. G29Reload

    G29Reload Tread Lightly

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    Everyone that makes money should pay tax. Not just some.
     
  10. Brucev

    Brucev

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    No. Even the supposedly "fair tax" recognizes that that would be to institutionalize inequity. A tax floor is appropriate. From that point on, a progressively graduated schedule should be put in place. For a start, use the scale that was the norm of the post-WWII 1950's era. Apply it to all money received, i.e., wages, tips, salary, capital gains, interest, dividends, etc. And... since corporations are "persons" let corporations pay the same income tax rates progressively graduated of course, on whatever wages, tips, salaries, capital gains, interest, dividends, etc. they as "persons" might receive either generated domestically or overseas. At the same time cut military spending a minimum of 10% and eliminate all overseas bases along with the attendant support facilities, etc. Do the same exact thing with the Army, Navy, Air Force and Marines. Then and only then will it be appropriate to start talking about cutting social programs, etc.
     
  11. Snowman92D

    Snowman92D

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    $50,000, huh? The "evil rich" who aren't paying their fair share. Imagine that.
     
  12. G29Reload

    G29Reload Tread Lightly

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    Beee Esss.

    No such thing. Not fair at all, just a system built on envy.

    If everyone paid a flat, say, 15%, that would be ..equitable.

    A guy making 10,000 would pay 1,500.
    A guy making 100,000 would pay 15,000.

    There is nothing inequitable about that.

    Make more, pay more.

    None of this class warfare, envy based, "you make more, therefore we take a higher proportion out of envy".

    Childishness like that has no place at the adult table of real solutions equitable in society.

    The sewage you dispensed in your post is nothing more than socialistic theft, redistribution of income out of sheer envy that the little guy hasn't made it up the ladder…and he has the same chance to that everyone else does. If he underperforms, than its up to him to improve his situation. cushioning failure by funding it with money taken from others out of jealousy is not a way to manage a civil society.
     
  13. G29Reload

    G29Reload Tread Lightly

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    Yes, the suckup class, being trained not to work and being paid for it in encouragement.
     
  14. windplex

    windplex

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    Sorry I cant paste this chart better.

    However, BruceV, to answer your question the problem is that 50.87% of households (2005 census data) earn less than 50K and vote. while Americans Making Over $50,000 a Year Paid 93.3 Percent of All Taxes in 2010.

    I know I mixed up two different census years but consider that a large percentile of American voters can control the vote and yet do not pay anything close to what their share would be if we divided up the expense of our government to all households.

    so we have reached a point where people can literally vote themselves money from other tax payers by voting for the guy who promisses them more money and to make the 1% pay more to do so.

    so we fix this now or America is over as we knew it and as it was designed to be.

    Does the world really need America to be another Greece? Or would it be better to have America remain something remotely close to what it was designed to be and that has benefitted the world so much todate.

    This graph shows the distribution of annual household income in the United States in 2010.


    http://en.wikipedia.org/wiki/Household_income_in_the_United_States
     
    Last edited: Apr 16, 2012
  15. pipedreams

    pipedreams Member

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  16. Gundude

    Gundude

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    You agree then, that the current system unfairly favors the rich (along with the poor) since the effective tax rates that multimillionaires and billionaires pay always appear to be lower than those of the middle class?
     
    Last edited: Apr 16, 2012
  17. googanelli

    googanelli

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    I've always thought we need go back to laws from the origins of this country. You get not vote if you don't own property. Either that or a straight tax on all. I prefer a sales tax. That way everyone pays the same. That's the ONLY way to make taxes fair.

    Joe
     
  18. Gundude

    Gundude

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    Wouldn't we have to know what percent of total income that same group made in order to know for sure?
     
    Last edited: Apr 16, 2012
  19. Norske

    Norske Millennium Member

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    Why is a tax based on income so sacred?

    I am in favor of the Fair Tax. A tax based on spending, not on income.

    The Fair Tax was designed by businessmen, at their own expense. It is designed to benefit the Country, as a whole.

    By contrast, the Income Tax was designed by politicians.

    Those self-same politicians will tell you that the purpose of the Income Tax system is to provide revenue for Government operations.

    The real function of the income tax is to provide power to those politicians. :upeyes:

    Power by means of their ability to diddle the tax system to favor those they favor. And punish those they wish to punish.

    The main reason we will probably never see the Fair Tax is that it would have to be passed by Politicians who would recognize that they are voting away their own power. And that is something they will never do.
     
    Last edited: Apr 16, 2012