On that we can agree.
Study: 82% of World’s Money Was Made by the Top 1% Last Year
- Thread starter Nomad
- Start date
On that we can agree.
And government taxing and spending as a percentage of the GDP were lower during that period. Higher tax rates (91%) resulted in less revenue as a % of GDP.
I would never go back to those days. Many things were not much cheaper. A family could barely afford a TV while today lower prices allow us to have 2-4 per home with color and larger screens. 25 cents for a gallon of gas in 1950 would be $2.62 today (a little more than I now pay).
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http://www.tvhistory.tv/1954-RCA-Ad.JPG
Many homes didn't have a TV and most couldn't afford but one.
Teflon Don
I'm back baby
Wow, I really thought I would get a more thoughtful response than that. I mistakenly thought that you gave this matter a great deal of analysis. I have always been told how smart you liberals are. It would seem you are long on complaints and short on solutions.
But, thanks for trying
I still fail to see how you target federal income tax cuts to people who pay no federal income tax. I mean we already do what with the Earned Income Tax credit which is essentially welfare and a mistake of Reagan's
We already spend hundreds of billions on welfare programs
Yet the inequality still exists.
Tell me what is that exact number where you think someone has enough money? And we can focus on net worth not income. Is it $1 million? $2 million? $2 billion?
Nomad
Every trumper is a N4T.
1.) You're just repeating the same false misrepresentation you made before. I never said anything about cutting taxes for people who don't pay taxes. Middle class working individuals and families pay taxes. If you want to cut taxes, cut theirs. Let the wealthy and super wealthy continue to pay at their pre-tax cut levels, or slightly increase it.
2.) The IRS has all that figured out. It's not my responsibility to arrive at a formula for determining what constitutes independent wealth. But I know it exists and that it can be determined by govt accountants.
cawacko
Well-known member
You can cut taxes for people in the middle class but ultimately it's going to end up with a good majority of Americans not paying federal income taxes.
Nomad
Every trumper is a N4T.
Why? I suggested to cut them, not eliminate them.
Meanwhile, let the wealthy and super wealthy pay a higher rate.
They can easily afford it.
Articles about earnings of the top 1% (link)
Teflon Don
I'm back baby
Regarding #2, you made the statement that you think there is a point where people have enough. Haven't you given it any kind of thought? You just want the IRS to tell you and you will take the Trump IRS word for it?
The ground seems to be shifting. I am getting the sense you don't really care about income inequality after all. You just like to complain about it. Here is a little present for your efforts
cawacko
Well-known member
47% is the number today I believe who don't pay federal income taxes? (outside of payroll taxes) As we continue lowering taxes up the ladder more and more people will fall into the group that doesn't pay. Not saying it's a bad thing but there's not a lot of room for margin when you start lowering taxes until they don't pay any.
Oh, the they have more than I (Nomad) thinks they should have argument as a justification to ease your jealousy of something you'd never be in a thousand lifetimes.
When half of those in society don't pay the primary source of federal revenue, it's a bad thing. When many of those not paying into that pot draw from it in the way of social welfare and their mindset is those already paying should pay more, it's worse.
Nomad
Every trumper is a N4T.
Actually, the tax rate needs to be set by Congress and signed into law, but not by Trump, because he's the greedy asshole who slashed taxes for himself and his rich buddies to begin with.
Obviously, we need to remove Trump from office, first.
Hopefully, that might be happening sooner rather than later.
You can get whatever sense you want to. Means nadda to me.
Here's one for yours...
Actually, the tax rate needs to be set by Congress and signed into law, but not by Trump, because he's the greedy asshole who slashed taxes for himself and his rich buddies to begin with.
Obviously, we need to remove Trump from office, first.
Hopefully, that might be happening sooner rather than later.
You can get whatever sense you want to. Means nadda to me.
Here's one for yours...
It would be much easier if you and the excessive number of blacks that live off social welfare would simply say "Thank you" to those of us providing your support. But, no, you demand more and more and more knowing that without the taxpayers you wouldn't have what you have now.
Since I earned the things and money I have, shouldn't the decision of where it goes belong to the one that made it? Remember, your political positions involve demanding those that earned it give it to those that didn't or those that were told to butt out of a choice a woman makes with her body being forced to support the results when the one making the choice can't pay for it.
I don't put money and things over humans. I simply use that money on the humans for which I'm responsible. Wouldn't it be nice if all those demanding others support them and their choices did the same thing.