The time to TAX THE POOR has come...

The average federal income tax rate of the richest 400 Americans was just 20 percent in 2009.


2009



BEFORE THE TRUMP AND REPUBLICANS HUGE TAX CUT FOR THE RICH
 
volsrock said:
and u are a fucking liar...slut

Taxes on the Rich Were Not That Much Higher in the 1950s


There is a common misconception that high-income Americans are not paying much in taxes compared to what they used to. Proponents of this view often point to the 1950s, when the top federal income tax rate was 91 percent for most of the decade.[1] However, despite these high marginal rates, the top 1 percent of taxpayers in the 1950s only paid about 42 percent of their income in taxes. As a result, the tax burden on high-income households today is only slightly lower than what these households faced in the 1950s.



https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/

debunked your lies..slut
Click to expand...

Top rate was 94 percent in1945. It was in the 70s when Reagan got into office and 28 when he left.
 
volsrock said:
and u are a fucking liar...slut

Taxes on the Rich Were Not That Much Higher in the 1950s


There is a common misconception that high-income Americans are not paying much in taxes compared to what they used to. Proponents of this view often point to the 1950s, when the top federal income tax rate was 91 percent for most of the decade.[1] However, despite these high marginal rates, the top 1 percent of taxpayers in the 1950s only paid about 42 percent of their income in taxes. As a result, the tax burden on high-income households today is only slightly lower than what these households faced in the 1950s.



https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/

debunked your lies..slut
Click to expand...




The sites founders


Alfred P. Sloan, General Motors Corporation, chairman
Donaldson Brown, General Motors Corporation financial vice president
William S. Farish, Standard Oil Company, President
Lewis H. Brown, President of the Johns-Manville Corporation
 
Earl said:
Quote Originally Posted by LV426 View Post

“It happened all over PM, Earl. We set a time, then he PM'd me to say he wasn't going to show up. Since then, I've ignored him because he and I both know that he was the one who didn't follow through.”


Earl posted:
If this is true, you are releasing PM information which is a violation of the TOS of JPP.



So, you are either a liar or in violation of the TOS of JPP., cobarde. Checkmate
Click to expand...

It the posters own email


The other is permanently banned


So it’s cool


If both agree it’s cool


The other poster is long gone and doesn’t matter now
 
evince said:
https://americansfortaxfairness.org...-booklet/fact-sheet-taxing-wealthy-americans/


The richest 1% of Americans own 35% of the nation’s wealth.

The bottom 80% own just 11% of the nation’s wealth.


In the 1950s and 1960s, when the economy was booming, the wealthiest Americans paid a top income tax rate of 91%.

Today, the top rate is 43.4%.


The richest 1% pay an effective federal income tax rate of 24.7% in 2014; someone making an average of $75,000 is paying a 19.7% rate.


The average federal income tax rate of the richest 400 Americans was just 20 percent in 2009.


Taxing investment income at a much lower rate than salaries and wages are taxed loses $1.3 trillion over 10 years.


1,470 households reported income of more than $1 million in 2009 but paid zero federal income taxes on it.


CEOs of major corporations earn nearly 300 times more than an average worker.



30 percent of income inequality is due to unfair taxes and budget cuts to services and benefits.


The largest contributor to increasing income inequality has been changes in income from capital gains and dividends.
Click to expand...

Now where were we?
 
evince said:
The sites founders


Alfred P. Sloan, General Motors Corporation, chairman
Donaldson Brown, General Motors Corporation financial vice president
William S. Farish, Standard Oil Company, President
Lewis H. Brown, President of the Johns-Manville Corporation
Click to expand...

The Progressive Tax Myth

For example, in 1960 the statutory top marginal rate on filers reporting over $1 million in income sat at 91 percent. The actual effective tax rate paid for the same million-dollar bracket was just 46 percent due to the use of deductions and other legal techniques to reduce one's overall tax burden. Second, top marginal rates tell us very little about where the locus of the actual tax burden sits across all income earners.


https://www.usnews.com/opinion/articles/2017-10-31/taxes-werent-more-progressive-in-the-1950s
 
Earl said:
The poor pay nothing...a free ride.

Tax the poor, they should pay their fair share.
Click to expand...

Thats correct. A true society only functions properly when we ALL kick in our fair share. # TAX THE POOR
 
evince said:
The average federal income tax rate of the richest 400 Americans was just 20 percent in 2009.


2009






BEFORE THE TRUMP AND REPUBLICANS HUGE TAX CUT FOR THE RICH
Click to expand...





And the economy stayed the same pretty much



The wealthy did get wealthier
 
Taxing investment income at a much lower rate than salaries and wages are taxed loses $1.3 trillion over 10 years.



Why so little


Only the wealthier people have spare money to invest
 
1,470 households reported income of more than $1 million in 2009 but paid zero federal income taxes on it.



0



Goose egg



Nothing
 
evince said:
https://americansfortaxfairness.org...-booklet/fact-sheet-taxing-wealthy-americans/


The richest 1% of Americans own 35% of the nation’s wealth.

The bottom 80% own just 11% of the nation’s wealth.


In the 1950s and 1960s, when the economy was booming, the wealthiest Americans paid a top income tax rate of 91%.

Today, the top rate is 43.4%.


The richest 1% pay an effective federal income tax rate of 24.7% in 2014; someone making an average of $75,000 is paying a 19.7% rate.


The average federal income tax rate of the richest 400 Americans was just 20 percent in 2009.


Taxing investment income at a much lower rate than salaries and wages are taxed loses $1.3 trillion over 10 years.


1,470 households reported income of more than $1 million in 2009 but paid zero federal income taxes on it.


CEOs of major corporations earn nearly 300 times more than an average worker.



30 percent of income inequality is due to unfair taxes and budget cuts to services and benefits.


The largest contributor to increasing income inequality has been changes in income from capital gains and dividends.
Click to expand...

Oh here’s the list again
 
. PMs are Private Messages, they will remain Private... This will be strictly adhered to by all involved on this board. We cannot access anybody's PMs and we don't plan on acquiring the ability to do so. The only reason we would access another's PMs would be if we were required to by law, or if they are reported by the recipient using the reporting function which will place the PM in an area readable by the Admin Team.
 
CEOs of major corporations earn nearly 300 times more than an average worker.





It turns the jobs into only for the wealthy peoples kids
 
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