Just heard DeSantis on Glenn Beck.

[raleighherdfan]

How does cutting taxes equate to “on the backs of the poor”?

Again, the poor are provided housing, food, utility assistance, cellphones, healthcare, public transportation, public schools, free school breakfast& lunch, job training funds….and supposedly, according to Greed 90% of recipients need it for only a short time…..

So how is a tax cut “on their backs” when they pay little to no Fed or state taxes while receiving this benefit????

 

[i am herdman]

Yep. I'm jealous of your lack of morals and your willingness to pay for tax cuts for the rich on the backs of the needy.

Then stop giving them tax cuts. Oath breaker.

I've never suggested we should tax rich republicans at a higher rate than rich democrats. I argue in favor of the poor, regardless of their political party.

They are going to ultra rich regardless. We will be the ones who get hammered.

 

[Marc22]

Don't care at all about your question.

If the govt taxes the rich more, how are the poor going to be taken care of because of that. They won't because govt is not going to do that.

Your tax the rich and give to a government is not going to solve that.

The top one percent of income earners in this country already pay approximately 40% of the taxes. We already tax the rich.

 

[extragreen]

Again, the poor are provided housing, food, utility assistance, cellphones, healthcare, public transportation, public schools, free school breakfast& lunch, job training funds….and supposedly, according to Greed 90% of recipients need it for only a short time…..

Tax cuts for the rich provide housing, food, utility assistance, cell phone, healthcare, public transportation, public schools, free school breakfasts and lunch, job training funds, and yachts...and according to fact 100% of rich recipients never need them.

So how is a tax cut “on their backs” when they pay little to no Fed or state taxes while receiving this benefit????

Ask Kansas.

 

[OldielovesHerd]

You were the recipient of my tax money from a social welfare system.

The military is a social welfare system.

Some military people need my tax money. Others are oath breakers.

That sure is the truth about some of the oath breakers who were involved in the Jan 6th threat to overturn a free and fair election. They are now getting their just reward for listening to the lies from Trump.

 

[WVUSerg]

Yep. I'm jealous of your lack of morals and your willingness to pay for tax cuts for the rich on the backs of the needy.

Then stop giving them tax cuts. Oath breaker.

I've never suggested we should tax rich republicans at a higher rate than rich democrats. I argue in favor of the poor, regardless of their political party.

You don't have to pay for a tax cut

 

[extragreen]

The top one percent of income earners in this country already pay approximately 40% of the taxes. We already tax the rich.

No. The top 1% make 20.9% of all income and pay 24% of all taxes.

 

[WVUSerg]

No. The top 1% make 20.9% of all income and pay 24% of all taxes.

Summary of the Latest Federal Income Tax Data, 2023 Update

The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.

taxfoundation.org

 

[extragreen]

You don't have to pay for a tax cut

Well let's cut all the taxes that pay for your military retirement and see if you still want to throw your malarkey around.

 

[extragreen]

Summary of the Latest Federal Income Tax Data, 2023 Update

The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.

taxfoundation.org

No. The top 1% make 20.9% of all income and pay 24% of all taxes.

 

[i am herdman]

Well let's cut all the taxes that pay for your military retirement and see if you still want to throw your malarkey around.

Ok, do you speak Mandarin?

 

[WVUSerg]

Well let's cut all the taxes that pay for your military retirement and see if you still want to throw your malarkey around.

Well let's see I worked and earned my retirement, if they were to do that they would be in breach of contract.

 

[WVUSerg]

No. The top 1% make 20.9% of all income and pay 24% of all taxes.

The chart is right there for you to see but you want to lie

 

[WV-FAN]

The chart is right there for you to see but you want to lie

he's not exactly lying, he just doesn't tell the entire story. he's taking social security tax into consideration because only the first $160,200 is subject to OASDI of anybody's wages. so, when you look at "all" taxes, including OASDI, he's technically correct. however, the reason behind the cap on SS wages is there's a corresponding cap on how much one can draw from SS when they retire. doesn't matter if your average wage for SS purposes was $165K, $165 million, or $165 billion, yore going to reap the same exact benefit, nothing more for the higher wage earners, so it's really not fair to assess SS tax of more than the wage cap since they can't draw more than the capped benefit.

so, from a federal income tax paid in perspective, yore correct. but, when taking OASDI into consideration, his numbers are correct, they just don't tell the whole story of the limited benefits upon retirement.

 

[raleighherdfan]

Tax cuts for the rich provide housing, food, utility assistance, cell phone, healthcare, public transportation, public schools, free school breakfasts and lunch, job training funds, and yachts...and according to fact 100% of rich recipients never need them.

Ask Kansas.

Tax cuts for the rich pay for all of that for themselves... and the poor. So tell us again how it's "on the backs of the poor"?

Kansas cant speak. You should try.

 

[extragreen]

Ok, do you speak Mandarin?

^^^Deflection

 

[extragreen]

Well let's see I worked and earned my retirement, if they were to do that they would be in breach of contract.

^^^says the oath breaker who relies on taxpayer money for his pension from a social welfare program.

 

[extragreen]

The chart is right there for you to see but you want to lie

No. The top 1% make 20.9% of all income and pay 24% of all taxes.

The "all" is right there for you to see but you want to be an oath breaker.

 

[i am herdman]

Democrats are never going to raise taxes on their rich friends that much. Talk to them first. You vote for them. Ask them why.

 

[raleighherdfan]

The top 50% pay 97% of ALL taxes. Sounds right.

What would it be like if the poor paid income taxes for their benefits??

 

[WVUSerg]

^^^says the oath breaker who relies on taxpayer money for his pension from a social welfare program.

Moron

 

[i am herdman]

^^^Deflection

not a deflection, if we don't have a military we are going to get taken over. might happen anyway because of the idiots in charge and the corruption.

 

[extragreen]

doesn't matter if your average wage for SS purposes was $165K, $165 million, or $165 billion, yore going to reap the same exact benefit, nothing more for the higher wage earners, so it's really not fair to assess SS tax of more than the wage cap since they can't draw more than the capped benefit.

If you made $1,000,000 per year for 50 years = $50,000,000 lifetime, and if you paid the entire 12 1/2% of SS taxes yourself you'd pay a total of$1,031,250 lifetime. The cap saved you from paying SS taxes on $48,968,750 = savings of $6,121,093. If you retire at 70 and draw SS for 15 years, you get back $819,900. Your lifetime pay-in at $1,031,250 - 819,000 payback = $212,250. You end up paying .004 of your $50,000,000.

Same scenario as above but this person makes $165,000 for 50 years. They pay .025 of their $8,250,000 income after drawing the cap for 15 years.

Terrible how the rich are persecuted.

 

[extragreen]

Democrats are never going to raise taxes on their rich friends that much. Talk to them first. You vote for them. Ask them why.

^^^Attempting to excuse giving the rich more tax cuts.

 

[i am herdman]

^^^Attempting to excuse giving the rich more tax cuts.

I am saying ask your people. They don't tax the rich either. Now lets say you got your wish and the rich were taxed more. Why do you think govt would suddenly use it to really help poor people? Why wouldn't rich people just shelter and move their money? They would. They would also just pass the cost on and invest less here.

Why would you even trust the govt to use the tax money wisely?

 

[raleighherdfan]

If you made $1,000,000 per year for 50 years = $50,000,000 lifetime, and if you paid the entire 12 1/2% of SS taxes yourself you'd pay a total of$1,031,250 lifetime. The cap saved you from paying SS taxes on $48,968,750 = savings of $6,121,093. If you retire at 70 and draw SS for 15 years, you get back $819,900. Your lifetime pay-in at $1,031,250 - 819,000 payback = $212,250. You end up paying .004 of your $50,000,000.

Same scenario as above but this person makes $165,000 for 50 years. They pay .025 of their $8,250,000 income after drawing the cap for 15 years.

Terrible how the rich are persecuted.

Of course, the total taxes on the remaining 48 mil will far exceed the "6 mil saved" by the 10s of millions...but you go with that.

I will also add...someone with that kind of income will most likely have to pay up to 85% of that SS income back in taxes. So the 212k number is bogus.

 

[i am herdman]

Of course, the total taxes on the remaining 48 mil will far exceed the "6 mil saved" by the 10s of millions...but you go with that.

I will also add...someone with that kind of income will most likely have to pay up to 85% of that SS income back in taxes. So the 212k number is bogus.

He doesn't get it. hahahahaha

 

[big_country90]

Greed’s own link says he’s either lying or can’t read.

 

[i am herdman]

If you made $1,000,000 per year for 50 years = $50,000,000 lifetime, and if you paid the entire 12 1/2% of SS taxes yourself you'd pay a total of$1,031,250 lifetime. The cap saved you from paying SS taxes on $48,968,750 = savings of $6,121,093. If you retire at 70 and draw SS for 15 years, you get back $819,900. Your lifetime pay-in at $1,031,250 - 819,000 payback = $212,250. You end up paying .004 of your $50,000,000.

Same scenario as above but this person makes $165,000 for 50 years. They pay .025 of their $8,250,000 income after drawing the cap for 15 years.

Terrible how the rich are persecuted.

Why not just let that person opt out of it? Also, in your scenario you are assuming people live past the expected life expetency and two , you forget it is their damn money that goes into it and with no choice in the matter.

 

[raleighherdfan]

Why not just let that person opt out of it? Also, in your scenario you are assuming people live past the expected life expetency and two , you forget it is their damn money that goes into it and with no choice in the matter.

They can’t let them opt out. It’s a SS is a redistribution plan from current working younger Americans to older current recipients.

 

[extragreen]

The top 50% pay 97% of ALL taxes. Sounds right.

What would it be like if the poor paid income taxes for their benefits??

The top 50% pay about 71% of all taxes.

 

[extragreen]

I am saying ask your people. They don't tax the rich either.

On 16 August 2022, President Joe Biden signed the Inflation Reduction Act of 2022, H.R. 5376, the sweeping tax, climate and health legislation, which establishes, among other measures, a 15% corporate minimum tax for big US corporations (i.e. those with over USD 1 billion in reported income), effective for taxable years beginning after 31 December 2022.

In addition to establishing the alternative corporate minimum tax, the Act also:

imposes a 1% excise tax on corporate stock repurchases made after 31 December 2022;

establishes an excise tax on drug manufacturers, producers and importers who fail to enter into drug pricing agreements

You mean like that^^^?

 

[i am herdman]

On 16 August 2022, President Joe Biden signed the Inflation Reduction Act of 2022, H.R. 5376, the sweeping tax, climate and health legislation, which establishes, among other measures, a 15% corporate minimum tax for big US corporations (i.e. those with over USD 1 billion in reported income), effective for taxable years beginning after 31 December 2022.

In addition to establishing the alternative corporate minimum tax, the Act also:

imposes a 1% excise tax on corporate stock repurchases made after 31 December 2022;

establishes an excise tax on drug manufacturers, producers and importers who fail to enter into drug pricing agreements

You mean like that^^^?

YOu think that is helping the poor? Really?

Do you want to talk about how he has helped the poor? For 24 months most Americans have had a reduction of income based on inflation.

But, back to your post? YOu think that is taxing the rich and helping the poor? Hell, that just passes on that cost to the consumer. The average joe.

 

[extragreen]

Of course, the total taxes on the remaining 48 mil will far exceed the "6 mil saved" by the 10s of millions...but you go with that.

No. They won't.

 

[extragreen]

He doesn't get it. hahahahaha

No. You don't.
If the person making 50 million received zero SS benefits, they would still be paying a lower percentage of their income into SS

 

[19MU88]

No. They won't.

^^idiot cabinet maker ^^

 

[extragreen]

Why not just let that person opt out of it?

Ok. Let's do that. And then we take whatever income that would be lost for SS revenue and we transfer the same amount from the money appropriated to national defense to replace the lost revenue of SS.

Also, in your scenario you are assuming people live past the expected life expetency

Wrong again. It's 87 years for those in the top 1% of income earners.

you forget it is their damn money that goes into it and with no choice in the matter.

Same with the person making $25,000 per year.

 

[raleighherdfan]

No. They won't.

Yes they will. In your scenario, you dont even acknowledge the income taxes paid on the 48mil income...or the taxes paid on the SS benefits (85%) once they begin receiving the benefit.

 

[raleighherdfan]

On 16 August 2022, President Joe Biden signed the Inflation Reduction Act of 2022, H.R. 5376, the sweeping tax, climate and health legislation, which establishes, among other measures, a 15% corporate minimum tax for big US corporations (i.e. those with over USD 1 billion in reported income), effective for taxable years beginning after 31 December 2022.

In addition to establishing the alternative corporate minimum tax, the Act also:

imposes a 1% excise tax on corporate stock repurchases made after 31 December 2022;

establishes an excise tax on drug manufacturers, producers and importers who fail to enter into drug pricing agreements

You mean like that^^^?

You mean the avg guy who has pension funds in stocks or contributes to 401k funds that depend on higher stock prices for future retirement, will now pay the excise taxes, or consumers who buy the products from businesses or drug companies ultimately pay these corp minimum taxes. Joe Mush just essentially raised the cost of operating a business that will be passed on to you and everyone else.

 

[i am herdman]

Ok. Let's do that. And then we take whatever income that would be lost for SS revenue and we transfer the same amount from the money appropriated to national defense to replace the lost revenue of SS.

Wrong again. It's 87 years for those in the top 1% of income earners.

Same with the person making $25,000 per year.

So, you admit the rich people are paying a large part of SS and then get not much of it in return because they are taxed on it again. So, they get little in return.

From CBS News. A liberal organization.

The highest-earning Americans pay the most in combined federal, state and local taxes, the Tax Foundation noted. As a group, the top quintile — those earning $130,001 or more annually — paid $3.23 trillion in taxes, compared with $142 billion for the bottom quintile, or those earning less than $25,000.

Furthermore the lowest earners fall in this way:

But after adding in the impact of transfers, the difference is even more stark, the Tax Foundation noted.

For instance, the lowest quintile of earners, or those with income of $25,555 or less, have a combined tax and transfer rate of -127%. In effect, that means they receive $1.27 from the government for every dollar they earn.

The impact of government programs on income taxes​

When accounting for government "transfers" like Medicaid, the poorest U.S. households, on average, get back $1.27 for every $1 in income, while the richest pay 31 cents for every $1 they make.


$0-$25,555

−127%
$25,556-$50,000

−31%
$50,001-$79,526

2%
$79,527-$130,000

16%
$130k to $50 million

31%
Chart: Aimee Picchi Source: Tax Foundation

The top quintile, meanwhile, have a combined tax and transfer rate of almost 31%, which means they pay about 31 cents for every $1 earned. In effect, the top quintile funds about 90% of all government transfers, the analysis found.

Who pays the most taxes? Experts explain the data ahead of the 2023 deadline.

Filing tax returns can be a slog, but the majority of individual federal taxes are paid by a small slice of Americans.

www.cbsnews.com