@wildgrass saidProb not our business, Their income. This assumes that they are law abiding regarding taxation. Yet there are posters here who think that the money someone makes is all about our business. What a schism.
Interesting. Thanks for the stats. I was reading through Joe's posts and wondering "what percent of INCOME do the top 1% rake in?" It seems like, while we have progressive taxation, the ratio of income to tax is pretty flat. I guess that means that the high earners have ways of manipulating the tax code to avoid paying the full rates?
@averagejoe1 saidTax burden's our business but not income? Isn't that the whole point? They pay all the taxes because they make all the money.
Prob not our business, Their income. This assumes that they are law abiding regarding taxation. Yet there are posters here who think that the money someone makes is all about our business. What a schism.
@wildgrass saidThat is another issue, I am saying here that libs are extremely pre-occupied with, as you put it, ' how much money the 1% make'. If we all lived in an outlying island community, and one guy reallly has made alot of money providing fish to the citizens, is it any business of the citizens how much money he makes?
Tax burden's our business but not income? Isn't that the whole point? They pay all the taxes because they make all the money.
To your point, the town council decides who pays what taxes, and the council will see what he makes, and will tax him accordingly. Having said that, please note that the income of Americans, as reported to the IRS, is NOT information readily published, by the IRS, to folks such as yourself. The REASON is, it is not our business.
@averagejoe1 saidIf you are using the "top 1% pay ____ % of taxes" argument to make a point, it is completely legitimate to point out that the same individuals also collect most of the money.
That is another issue, I am saying here that libs are extremely pre-occupied with, as you put it, ' how much money the 1% make'. If we all lived in an outlying island community, and one guy reallly has made alot of money providing fish to the citizens, is it any business of the citizens how much money he makes?
To your point, the town council decides who pays what t ...[text shortened]... on readily published, by the IRS, to folks such as yourself. The REASON is, it is not our business.
@wildgrass saidWilkdGrass and AJ, I do not know if taxes paid include on corporations plus individuals or not.
If you are using the "top 1% pay ____ % of taxes" argument to make a point, it is completely legitimate to point out that the same individuals also collect most of the money.
If so, let us not forget that owners of corporations (stock holders) pay twice, once as owners of the
stock that made profit, and again, when the profits are issued to the individual stock owners. Make sense?
@AverageJoe1 in the U.S. it's socialism for corporations and capitalism for the rest of us. The larger the corporation, the less risk they take because the taxpayer picks up the tab. Corporations get to pay wages so low their workers qualify for taxpayer assistance and the workers earn too little to pay federal taxes. The GOP, and voters like you, have given corporations so many tax breaks, Amazon and many other corporations paid no federal taxes in 2020. However, the middle class worker gets very little help when the economy goes south. They lose their home, their job, their health care. Higher education is so pricey it is beyond the reach of many. Corporations do not create jobs. A growing middle class with money to spend on goods and services creates jobs. Stop with the immigrant red herring.
@Phranny -said
in the U.S. it's socialism for corporations and capitalism for the rest of us. The larger the corporation, the less risk they take because the taxpayer picks up the tab.
This is just so sad. Phranny, where are you just getting this?? C'mon,, Phranny.
And this: Phranny said: "Amazon and many other corporations paid no federal taxes in 2020
Cherry pick much?? They had WRITE OFFS. Change the law if you like. Now look at this
Apple income taxes for the twelve months ending December 31, 2020 were $10.822B, a 5.87% increase year-over-year
In some cases you are right, but you make it sound universal, for gods sake. Plus if these corporate
share holders got any of that profit you think exists, then they pay TAXES as individuals.
I don't have a problem with the tax write offs being closely examined and modified but guess who takes the blame here???
Right. the congress/president, now controlled by democrats. C'mon phranny, tell me your better than this.
And you are saying that when Amazon hired 65,000 employess, they really didn't? Just so sad.
And Phranny, those employees now pay TAXES. anyone with a job has to thank the job hirer and the federal government
would have ZERO income without there being companies and employees to TAKE the taxes from.
God, phranny. you are so mixed up here
@wildgrass saidCorrect. But you folks never define fair share. Nor how much more you want from the Rich.
If you are using the "top 1% pay ____ % of taxes" argument to make a point, it is completely legitimate to point out that the same individuals also collect most of the money.
@earl-of-trumps saidCorporations are separate legal entities from individual stockholders. They are under no obligation to pay any dividends whatsoever. And the corporate tax applies only to profit from corporate operations, not to any increase in stock value.
WilkdGrass and AJ, I do not know if taxes paid include on corporations plus individuals or not.
If so, let us not forget that owners of corporations (stock holders) pay twice, once as owners of the
stock that made profit, and again, when the profits are issued to the individual stock owners. Make sense?
So yes it makes sense that corporations pay tax on their profits and individual stock owners pay a tax on their profits.
@phranny saidPhtranny, I think I can help clarify this problem. Let’s stipulate first that corporations are within the law to do what they do regarding tax breaks and write off’s. Allow me to point out that I am equally mad about my tax money paying for someone else’s abortions. So you and I are both mad about out taxes hrlping the corporations, and helping the little lady Who wanted to get pregnant in the first place, knowing the government will bail her out. Certainly we can both agree on this.
@AverageJoe1 in the U.S. it's socialism for corporations and capitalism for the rest of us. The larger the corporation, the less risk they take because the taxpayer picks up the tab. Corporations get to pay wages so low their workers qualify for taxpayer assistance and the workers earn too little to pay federal taxes. The GOP, and voters like you, have given corporations so m ...[text shortened]... e class with money to spend on goods and services creates jobs. Stop with the immigrant red herring.
So why should you get all this Forum Space, about your being upset with corporations getting tax breaks, but no one wants to talk with me that the pregnant girl gets to use my tax money to pay for their abortion.?
How About a straight answer on this? I have a feeling you think the abortion cost to me is not as bad as you paying tax break costs for the corporations. Why is that?
@AverageJoe1
So you figure it is totally ok the top 1% have tripled or MORE their total wealth. Look at Bezos or Musk, Yep, they really NEED that 200 billion between them. So why don't you contribute to their wealth since you seem so jealous of them? Maybe if you do, some of that trickle down stuff will lift you out of poverty.
@averagejoe1 saidWhat's the saying? You want to keep your cake and eat it? Fair share as I define it is the amount of money required to pay for the government. I am very tired of hearing from politicians who call themselves fiscal conservatives spending out their ears and paying for their frivolous spending sprees with my grandkids' money. Giving tax cuts to the folks who can easily afford the bill so that someone else will have to tighten their belt down the road is wildly irresponsible.
Correct. But you folks never define fair share. Nor how much more you want from the Rich.
It's not about how much more the politicians want from the rich. It's the spending - how they are going to pay for their extravagant spending? Reagan took the deficit from 70 billion to 175 billion. Bush 41 took it to 300 billion. Clinton got it to zero. Bush 43 took it from 0 to 1.2 trillion. Obama halved it to 600 billion. Trump’s got it back to a trillion.
The only 2 presidents in the last 40 years who reduced the amount of yearly deficit spending in their presidencies were Clinton and Obama. I may not have liked their policies overall, but at least they looked at the budget lines and worked towards paying for what they were spending. It's a much more responsible approach, IMO.
@averagejoe1 saidYes, it is our business, because the fish seller has guards preventing other people from fishing
That is another issue, I am saying here that libs are extremely pre-occupied with, as you put it, ' how much money the 1% make'. If we all lived in an outlying island community, and one guy reallly has made alot of money providing fish to the citizens, is it any business of the citizens how much money he makes?
To your point, the town council decides who pays what t ...[text shortened]... on readily published, by the IRS, to folks such as yourself. The REASON is, it is not our business.
@athousandyoung saidA Thousand Young decides extenuating circumstances? Hey, Thousand......you could say he murdered other fishermen, or that he is the only guy that knew where the fish were, or that a space creature came each midnight and dropped off bushels of fish.
Yes, it is our business, because the fish seller has guards preventing other people from fishing
What a waste of typing.
@sonhouse saidYes, it is totally OK for you or me to start a business and make $30M a day. It has nothing to do with ‘need’, does it. Well, does it?
@AverageJoe1
So you figure it is totally ok the top 1% have tripled or MORE their total wealth. Look at Bezos or Musk, Yep, they really NEED that 200 billion between them. So why don't you contribute to their wealth since you seem so jealous of them? Maybe if you do, some of that trickle down stuff will lift you out of poverty.
Jealous? Ok, I’ll play. Let’s say I am jealous, Me, and a few other guys up and down the street are jealous. Thousand, what has our jealousy got to do with how much money a man makes.?
You are one strange bird. You may want to try this post again?