Time to increase the taxes of the top 10%

Celticguy said:
i keep up with current events. only about 700 billionaires, 10,000 agents.
Click to expand...

You failed badly handjob:
Ultra high net worth individuals: population of global 1 percent 2021, by country. Over 22 million individuals residing in the United States belonged to the global top one percent of ultra high net worth individuals worldwide in 2021
 
floridafan said:
You failed badly handjob:
Ultra high net worth individuals: population of global 1 percent 2021, by country. Over 22 million individuals residing in the United States belonged to the global top one percent of ultra high net worth individuals worldwide in 2021
Click to expand...

not all global billionaires pay taxes in the US.. try to focus.
 
jbander said:
You have heard all these right wing clowns saying that to pay off the debt you would have to take away all the wealth of the 1% , to the exaggerated extent of all the wealth of everyone, to pay off the debt. Clown talk. Here is the fact, increase the taxes of just the top 10% by 10% you would get 963 billion increase a year. And that amount would increase at an average rate of about 4% a year, that is the historic trend.(2021 numbers). You take out Trump's disastrous 2020 increase in the debt and that amount would pay our annual debt increase a year, and with the historic increase in tax revenue. That increase will pay down the existing debt. In 25 years, that tax revenue would double to two trillion a year. One trillion over the average debt increase for the last 11 years.
Click to expand...

if you wanted that you should have done it while demmycrats ran the House.......
 
floridafan said:
You failed badly handjob:
Ultra high net worth individuals: population of global 1 percent 2021, by country. Over 22 million individuals residing in the United States belonged to the global top one percent of ultra high net worth individuals worldwide in 2021
Click to expand...

To be in the top 1% in the U. S. requires an annual income of about $900,000.
 
goat said:
The US empire makes more money selling drugs and weapons than from taxes. We sent $110 billion to Ukraine in the last 10 months while our infrastructure crumbles.
Click to expand...

The infrastructure has been crumbling for decades. It has nothing to do with Ukraine.
 
Bigdog said:
:thumbsup:

And the billionaires have teams of accountants to ensure they play within the rules. But small businesses do not.
Click to expand...

Billionaires have money to control politicians and have lobbyists write the tax bills. They do not play their share of taxes because they control the system. They have offshore banking to hide money too.They won.
 
Nordberg said:
Billionaires have money to control politicians and have lobbyists write the tax bills. They do not play their share of taxes because they control the system. They have offshore banking to hide money too.They won.
Click to expand...

If career politicians are so corrupt, why do you want to give them more money and power???
 
floridafan said:
nope, try again
Click to expand...

All sources show bout $700,000-900,000 to be in the top 1%. That is according to the IRS/Treasury.

Or, $546,000 for Adjusted gross income for top 1% (2019). This is not the average income but the minimum income required to be in the 1%.

There are 1.5 million taxpayers in the top 1%
They pay 38.8% of total federal income taxes
Their average tax rate is 25.6%
Their average tax paid is $412,000


 
Flash said:
All sources show bout $700,000-900,000 to be in the top 1%. That is according to the IRS/Treasury.

Or, $546,000 for Adjusted gross income for top 1% (2019). This is not the average income but the minimum income required to be in the 1%.

There are 1.5 million taxpayers in the top 1%
They pay 38.8% of total federal income taxes
Their average tax rate is 25.6%
Their average tax paid is $412,000


Click to expand...

Not nearly enough IRS agents to properly audit these people along with theirs and other businesses. Thats why trump got away with his shit for many years.
 
Yakuda said:
Ok taken away every loophole and deduction and make people pay taxes based on their gross or net income. You choose but EVERYBODY must pay taxes.
Click to expand...

Not enough. The problem is spending. Government is spending much more than they take in revenue.
The debt is currently $35.5 trillion. That's about $256,000 per taxpayer.

Giving more money to government only reinforces their bad financial handling. They will just spend it and STILL manage to increase the debt.
 
floridafan said:
Of course we know that the rich pay, a small percentage of the taxes they actually owe. Let's take trump as one example, his taxes were not audited because they were too complex for the IRS to understand. That applies to most of the very wealthy, its much easier to take your short return and determine that you still owe them $75.00.
Click to expand...

Trump paid all the income taxes he owed.
 
You must log in or register to reply here.
Back
Top