On taxing the Mega Rich in USA. Some numbers I crunched

[274ina]

If the mega rich paid 80% taxes actual rate

They would still have $76,000,000 to live on each year
$1,520,000 each work week
or Get this now
$304,000 for every work day AFTER taxes to spend every single workday.

And they dare bitch about higher taxes?
And they dare to force our wages lower?
And they dare to have the poor pay for the Iraq war they started?
And they dare to price us out of all healthcare?

IF the rich paid their fair share, the budget would be balanced and all US debt would be paid in 7-10 years.

___________________________________________________________________


The top 400 paying 95% TAXES

Means
$139b in taxes or enough to pay 20% of the defense budget .
or
$139B pays 70% of US interest payments

$146B in income total

From 400 people of 300,000,000.

They currently pay only 16% taxes actual btw.

_________________________________________________________________


RICH paying ZERO federal taxes in USA

income...........# of fillings paying zero
$100-200k........686,000 people
$200-500K........86,000
$500-1 mil.......18,800
1-.1.5...........5,500
1.5 – 2..........2,500
2-5 mil..........4,000
5-10 mil.........1,200
$10,000,000+......917


__________________________________________________________________

If the Mega RICH paid 99% taxes……

They would still have to live on.

$3.5 million each year
$140,000 from each “paycheck” every 2 weeks
or $14,000 PER DAY to live on.

AFTER 99% taxes……….

And they dare complain that the USA min wage has got to go? LMAO!


________________________________________________________

And remember, the PERSONAL INCOME of the Mega rich has nothing to do with the
Expences and payroll of the CORP. they leech from. So the "we will fire you if you dare tax us" is
an empty threat.........

 

[Deuce]

IF the rich paid their fair share, the budget would be balanced and all US debt would be paid in 7-10 years.

Err, yeah, you're going to want to check your math on that one.

 

[Velvet Elvis]

What have society's cockroaches done to deserve the money earned by others?

 

[Deuce]

What have society's cockroaches done to deserve the money earned by others?

Fun fact: In leading up to beginning genocide, it is common for rhetoric to start referring to the undesirables as some low form of animal!

 

[CriticalThought]

What have society's cockroaches done to deserve the money earned by others?

Nice job dehumanizing people. That will certainly get people to take your political philosophy seriously.

 

[274ina]

Err, yeah, you're going to want to check your math on that one.

IRS says over $200 k make $3.25T per year.

tax at 80% eliminates deficit and starts paying debt.

 

[274ina]

What have society's cockroaches done to deserve the money earned by others?

I dont know why CEO 's are allowed to leach. How about we change that........

( show me a CEO that makes his OWN money if you can! LOL

 

[imagep]

I dont know why CEO 's are allowed to leach. How about we change that........

( show me a CEO that makes his OWN money if you can! LOL

I thought the same exact thing.

 

[samsmart]

What have society's cockroaches done to deserve the money earned by others?

By "society cockroaches" who feel that they "deserve the money earned by others" I'm supposing you mean the wealthy elite who own stock in private corporations who lobby pay multi-million campaign contributions to Representatives and Senators who then vote to dole out government contracts to those private corporations, government contracts paid for by taxes paid by the middle-class.

And, in answer to your question, they have done nothing to deserve that money.

 

[waas]

Fun fact: In leading up to beginning genocide, it is common for rhetoric to start referring to the undesirables as some low form of animal!

Now taking applications for the Romney Youth.

 

[Keridan]

IRS says over $200 k make $3.25T per year.

tax at 80% eliminates deficit and starts paying debt.

Link? (10 char rule bites)

 

[TurtleDude]

What have society's cockroaches done to deserve the money earned by others?

I would hope the uber rich use their power to squash such cockroaches who would try to take 80% from them. I would no bill any such person if they engaged in cockroach squashing if I were on the grand jury

 

[Paschendale]

What have society's cockroaches done to deserve the money earned by others?

All the labor that earned that money in the first place. Plus all the consumption that creates demand for those supplies. So, pretty much everything.

 

[TurtleDude]

Now taking applications for the Romney Youth.

Its funny that the lefties ignore the dehumanization of the wealthy by the taxers and parasiters. 99% taken away. LOL the justifies assassination in my book

 

[Keridan]

All the labor that earned that money in the first place. Plus all the consumption that creates demand for those supplies. So, pretty much everything.

Not that I support the cockroach reference, but the labor was compensated and the consumption was a trade of value for currency. There was no theft.

 

[nathanj63]

I think the idea that anyone should have to give (significantly) more money to the government than they take home is morally reprehensible. People act like every rich person got that way by inheritance, theft, or some type of evil. That type of mindset is no better than the mindset that most poor people are poor because they are lazy and most people on welfare are drug addicts. I think most rich people got that way by taking advantage of the opportunities given to them and working hard.

 

[waas]

Its funny that the lefties ignore the dehumanization of the wealthy by the taxers and parasiters. 99% taken away. LOL the justifies assassination in my book

That's funny, I always thought dehumanization was different than being asked to pay your fair share.

 

[TurtleDude]

That's funny, I always thought dehumanization was different than being asked to pay your fair share.

only clowns and liars think that a group of people who make 22% of the income but pay 40% of the income tax and ALL of the death tax are not paying their fair share (meaning less than their fair share)

 

[waas]

only clowns and liars think that a group of people who make 22% of the income but pay 40% of the income tax and ALL of the death tax are not paying their fair share (meaning less than their fair share)

Citation needed. :lamo

 

[TurtleDude]

Citation needed. :lamo

if you are going to talk about tax fairness I would presume you at least are educated on such basic figures

 

[waas]

if you are going to talk about tax fairness I would presume you at least are educated on such basic figures

Does that mean you can't provide any?

Anyway, let's say those figures are correct. They're still explained by welfare and unemployment, no?

 

[Velvet Elvis]

Let me explain my previous post.

There are people who are leeches off of society. Cry, hold your breath, or stomp your feet. Those people exist. They are people who live their lives with their outstretched palms pointed to their nanny government to take care of them. They rely on that same nanny government to perform a hostile takeover of other people's money to fund their lives. They want their "mommy" to feed them (food stamps), clothe them (welfare), take care of their kids (more welfare, public schools, etc.), pay their mortgage (home loan bailouts). Then there's the "Evil Rich." Most who have made their money with hard work and 50-hour work weeks (sometimes comprised of multiple jobs). Sacrificed their time and money with proper (and complete) education. Worked hard to make themselves a valuable commodity. Someone that an employer wants over others. Took risks that ultimately returned rewards. Ultimately, they made correct and positive decisions in their lives, and they should be rewarded for it. They should keep the money they've earned.

But what about those bottom feeders? Have they made all those same correct and positive decisions? How many of those OccuTards are teenage mothers? How many of those folks dropped out of high school? How many got useless degrees like "Liberal Arts" or "LGBT Lifestyles?" How many consistently whine about and insult big business, instead of perhaps seeking employment (and advancement) in big business? How many of those people invested in their futures, and how many invested in Xboxes and nights clubbin'?

Aside from the media-hyped and over-exaggerated few "Bernie Madoff's", rich people are rich because of the personal choices they made. Poor people ultimately are in the situation they are in, because of those same choices. Sure you can pretend that poor people "aren't as lucky," but luck mostly has nothing to do with it. They truly have all the opportunities that everyone else has. The difference is...they make excuses, and in turn, the wrong decisions.

So why participate in this great heist on the rich, simply because they "have more" than the poor folks? Is it really worth punishing achievement? Is it worth rewarding complacency and laziness? How exactly does rewarding laziness motivate those people to start making correct choices in life. As I said before in another post, if I reward my dog with treats, just because they're in the cupboard, she'll eventually expect one whenever she whines. ...kinda like how poor people whine to government, when they want more handouts for little to nothing in return.

Finally....there's one thing liberals tend to forget about the Evil Rich. ...they're in a position where if they feel oppressed by government, they have the ability to move away (like they're doing in France and Spain). What are you poor, poor pitiful poor liberals going to do when there's no more "rich people's" money to spend? What's going to happen when it's the middle class that has become the new "rich?" Y'all gonna bully and extort them? Gonna jack their taxes up, simply because they have more wealth than others?

 

[Keridan]

Does that mean you can't provide any?

Anyway, let's say those figures are correct. They're still explained by welfare and unemployment, no?

Summary of Latest Federal Individual Income Tax Data | Tax Foundation

 

[Paschendale]

Not that I support the cockroach reference, but the labor was compensated and the consumption was a trade of value for currency. There was no theft.

I didn't say theft at all. But the main thing you're assuming is that the compensation and value of the currency were determined fairly. Children working in sweatshops in the third world are paid for their labor. They're paid a few cents a day. Are they being fairly compensated? Clearly, a worker generates more wealth than he is compensated. Otherwise the entire employment structure falls apart. But the question is, how wide is the gap. In a lot of places, the gap is unconscionably wide.

only clowns and liars think that a group of people who make 22% of the income but pay 40% of the income tax and ALL of the death tax are not paying their fair share (meaning less than their fair share)

You always forget the "owns 80% of the wealth, and is gaining more and more of it, despite their supposedly onerous tax burden." The amount of your income you keep doesn't really matter a whole lot when you already have more money than you could possibly ever need and are still gaining more. You always forget that part. Plus, as Waas says, you also never cite that statistic, despite bringing it up (usually out of context) in EVERY THREAD YOU POST IN.

 

[Keridan]

I didn't say theft at all. But the main thing you're assuming is that the compensation and value of the currency were determined fairly. Children working in sweatshops in the third world are paid for their labor. They're paid a few cents a day. Are they being fairly compensated? Clearly, a worker generates more wealth than he is compensated. Otherwise the entire employment structure falls apart. But the question is, how wide is the gap. In a lot of places, the gap is unconscionably wide.

The fairness of the gap is too subjective. However, the larger a company, the more transactions they make, the more the profits increase.

As an example, I pay my workers more than I make off their time. With one truck on the road full time and me working my butt off at 100 hours a week, I can almost make a living employing 2 people at 1.5 x minimum. I charge less than similar competitors and contribute to the local community. Now, if I managed to get ahead enough to have 3 trucks running full time, I'd have a very good living. Am I more greedy for employing 6 or 7 people at a decent wage and charging the same rates?

You always forget the "owns 80% of the wealth, and is gaining more and more of it, despite their supposedly onerous tax burden." The amount of your income you keep doesn't really matter a whole lot when you already have more money than you could possibly ever need and are still gaining more. You always forget that part. Plus, as Waas says, you also never cite that statistic, despite bringing it up (usually out of context) in EVERY THREAD YOU POST IN.

Luckily, we don't tax wealth. We taxed the heck out of them accumulating that wealth and taxed their parents for dying and any profits they made on investments. So now we should tax them for having the money they were taxed putting together?