Tax Plan For Aristocracy

[Martin Hash]

Trump's tax plan makes no sense at all. Way too much energy for nothing. And the worst: Middle Americans can no longer write off State taxes, and the lowest tax bracket has been RAISED to 12%. The BIG winners: super-wealthy families that no longer have to pay Inheritance taxes. It seems to me this whole fiasco was to get rid of Inheritance taxes. Talk about the power of the aristocracy: the poorest & Middle Class have their taxes INCREASED while the 1% establish dynasties.

[TheReal_ND]

The BIG winners: super-wealthy families that no longer have to pay Inheritance taxes

I literally don't care about that. Stop pushing the meme that this tax plan doesn't give a break to the middle class. Even WaPoo called out democrats on that.

[Martin Hash]

The BIG winners: super-wealthy families that no longer have to pay Inheritance taxes

I literally don't care about that. Stop pushing the meme that this tax plan doesn't give a break to the middle class. Even WaPoo called out democrats on that.

I don't care that you don't care.

[TheReal_ND]

K den

[Okeefenokee]

In 2014, people with adjusted gross income, or AGI, above $250,000 paid just over half (51.6%) of all individual income taxes, though they accounted for only 2.7% of all returns filed, according to our analysis of preliminary IRS data.
http://www.pewresearch.org/fact-tank/20 ... o-be-fair/

An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group.
https://www.marketwatch.com/story/45-of ... 2016-02-24

Rich people need to pay more taxes.

[MilSpecs]

In 2014, people with adjusted gross income, or AGI, above $250,000 paid just over half (51.6%) of all individual income taxes, though they accounted for only 2.7% of all returns filed, according to our analysis of preliminary IRS data.
http://www.pewresearch.org/fact-tank/20 ... o-be-fair/

An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group.
https://www.marketwatch.com/story/45-of ... 2016-02-24

Rich people need to pay more taxes.

Yes, they do, and you need to think in numbers, not in emotion. First, look at the $250,000 number - using that as a cutoff for 'the rich' is ludicrous. You can't compare someone with over a million to someone making $250,000. Second, look at the percentage of wealth that the wealthy hold in comparison to everyone else. When the wealthy have that much, of course they're going to pay more in taxes. Real income hasn't gone up for that 45.3% in a very long time, but wealth has increased dramatically for the rich. In real terms, they won't feel the tax increase. They will, however, feel very good about leaving even more to their heirs, which will leave the country even closer to the parts of the third world where the very rich own everyone and everything else.

If you want that lower half to pay some taxes, they have to earn as much in real income as they did years ago when they actually did pay federal taxes. To share the income tax burden, the income itself has to be shared a bit. Not redistribution, but not the insane levels of disparity we have now either.

BTW, the people this will hit hardest in dollar amounts - the way you're thinking - is the upper middle class. The lawyers, middle managers, the pharmacists, the R.N.s - they will pay through the nose, mostly in the loss of deductions and credits. The states paying for everyone else - paying for the people who don't pay income taxes - are going to hemorrhage the educated class. I believe that is the point of this tax plan.

[Okeefenokee]

In 2014, people with adjusted gross income, or AGI, above $250,000 paid just over half (51.6%) of all individual income taxes, though they accounted for only 2.7% of all returns filed, according to our analysis of preliminary IRS data.
http://www.pewresearch.org/fact-tank/20 ... o-be-fair/

An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group.
https://www.marketwatch.com/story/45-of ... 2016-02-24

Rich people need to pay more taxes.

Yes, they do, and you need to think in numbers, not in emotion. First, look at the $250,000 number - using that as a cutoff for 'the rich' is ludicrous. You can't compare someone with over a million to someone making $250,000. Second, look at the percentage of wealth that the wealthy hold in comparison to everyone else. When the wealthy have that much, of course they're going to pay more in taxes. Real income hasn't gone up for that 45.3% in a very long time, but wealth has increased dramatically for the rich. In real terms, they won't feel the tax increase. They will, however, feel very good about leaving even more to their heirs, which will leave the country even closer to the parts of the third world where the very rich own everyone and everything else.

If you want that lower half to pay some taxes, they have to earn as much in real income as they did years ago when they actually did pay federal taxes. To share the income tax burden, the income itself has to be shared a bit. Not redistribution, but not the insane levels of disparity we have now either.

BTW, the people this will hit hardest in dollar amounts - the way you're thinking - is the upper middle class. The lawyers, middle managers, the pharmacists, the R.N.s - they will pay through the nose, mostly in the loss of deductions and credits. The states paying for everyone else - paying for the people who don't pay income taxes - are going to hemorrhage the educated class. I believe that is the point of this tax plan.

If you read 2.7% of filers are paying 51.6% of federal income taxes, and think those fuckers need to pay more, you'll never be satisfied.

Your reasoning didn't even address those numbers. You simply went straight to emotion.

Rich people have more than poor people! Rich people need to pay more until there are no more rich people!

Fuck it if we've already taxed the hell out of them. Seize their bank accounts before their kids can get it. They don't deserve it. I do.

Move to Venezuela where life is swell because everyone's equally broke.

[MilSpecs]

Yes, they do, and you need to think in numbers, not in emotion. First, look at the $250,000 number - using that as a cutoff for 'the rich' is ludicrous. You can't compare someone with over a million to someone making $250,000. Second, look at the percentage of wealth that the wealthy hold in comparison to everyone else. When the wealthy have that much, of course they're going to pay more in taxes. Real income hasn't gone up for that 45.3% in a very long time, but wealth has increased dramatically for the rich. In real terms, they won't feel the tax increase. They will, however, feel very good about leaving even more to their heirs, which will leave the country even closer to the parts of the third world where the very rich own everyone and everything else.

If you want that lower half to pay some taxes, they have to earn as much in real income as they did years ago when they actually did pay federal taxes. To share the income tax burden, the income itself has to be shared a bit. Not redistribution, but not the insane levels of disparity we have now either.

BTW, the people this will hit hardest in dollar amounts - the way you're thinking - is the upper middle class. The lawyers, middle managers, the pharmacists, the R.N.s - they will pay through the nose, mostly in the loss of deductions and credits. The states paying for everyone else - paying for the people who don't pay income taxes - are going to hemorrhage the educated class. I believe that is the point of this tax plan.

If you read 2.7% of filers are paying 51.6% of federal income taxes, and think those fuckers need to pay more, you'll never be satisfied.

Your reasoning didn't even address those numbers. You simply went straight to emotion.

Rich people have more than poor people! Rich people need to pay more until there are no more rich people!

Fuck it if we've already taxed the hell out of them. Seize their bank accounts before their kids can get it. They don't deserve it. I do.

Move to Venezuela where life is swell because everyone's equally broke.

You're not getting it. Read this:

http://www.investopedia.com/news/how-mu ... op-1-5-10/

Look at the difference between incomes in the top 10% alone. Then compare that to the middle class incomes.

This is not about taking money from rich people. This is about the gap between the rich and everyone else. It's so large that, of necessity, the rich pay the lion's share of the taxes. And yet it doesn't touch their wealth in any meaningful way. The estate tax, however, did, and now it's going away. Even more people will be pushed into the ranks of the struggling. You're losing your burghers, and you're going to miss them when they're gone.

[Okeefenokee]

the rich pay the lion's share of the taxes. And yet it doesn't touch their wealth in any meaningful way. The estate tax, however, did, and now it's going away.

There it is. Has nothing to do with paying your fair share. Fucking bucket of crabs, the lot of you.

All you care about is dragging down anyone who climbs higher than you.

[Zlaxer]

In 2014, people with adjusted gross income, or AGI, above $250,000 paid just over half (51.6%) of all individual income taxes, though they accounted for only 2.7% of all returns filed, according to our analysis of preliminary IRS data.
http://www.pewresearch.org/fact-tank/20 ... o-be-fair/

An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group.
https://www.marketwatch.com/story/45-of ... 2016-02-24

Rich people need to pay more taxes.

Government needs to spend less....