Illinois 15 dollar/hr incremental raise

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Originally Posted by billt460
"The top 1 percent paid a greater share of individual income taxes (39.5 percent) than the bottom 90 percent combined (29.1 percent).The share of income earned by the top 1 percent of taxpayers rose to 20.6 percent in 2014. Their share of federal individual income taxes also rose, to 39.5 percent. In 2014, the top 50 percent of all taxpayers paid 97.3 percent of all individual income taxes while the bottom 50 percent paid the remaining 2.7 percent."

https://taxfoundation.org/summary-latest-federal-income-tax-data-2016-update/

Just as I originally said. You are trying to over complicate this to defend your bogus narrative, which simply isn't true.



^^^^^^^^

Exactly right.... And this is also found in the United States statistical abstract.
 
It's hard to deny the system is rigged to benefit wealthy people because they control the gov't with basically legalized bribery. They can manipulate the system to how they see fit. I don't see the issue with taxing wealthy people and businesses/corporate profits more. More taxes on a graduated scale would encourage investing more money into the business by having writeoffs.
 
Originally Posted by billt460
So.... The bottom line is, no matter how abstractly you want to look at all of this, or how many pie charts and graphs you want to post. It doesn't change the FACT that the bottom 50% of individuals in this country, (which includes all of the less fortunate deadbeats you want to get socialist handouts from the government), are not even currently paying 3% of all the Federal income taxes that are currently being collected in this country.



^^^^^^^^^

Exactly right.. A constant, dependable, and permeant underclass for whom a large group of people want in place.
 
We already have a "progressive" tax code on place... Which has been changing it's rates throughout the last 100 years...

What I think we really need is to have all govt elections to be funded by taxes... Zero private money... And I mean zero. However this will never happen... Because BOTH sides do not want that to happen.
 
Originally Posted by Silverado12
It's hard to deny the system is rigged to benefit wealthy people because they control the gov't with basically legalized bribery. They can manipulate the system to how they see fit. I don't see the issue with taxing wealthy people and businesses/corporate profits more. More taxes on a graduated scale would encourage investing more money into the business by having writeoffs.

The bottom 50% is not even paying 3% of the total income taxes currently being collected. And you still want to tax the rich "more"? How much "more" then, if the already 97.3% the top half is currently paying, is not enough in your book?
 
Originally Posted by billt460


If these socialism lovers succeed in raising the tax on business to unacceptable levels, they'll take their money and companies and leave. Then who is going to support all of their give away programs they so desperately want? This is already happening at the state levels in New York and California. Their operating budgets are ever increasing with all of their liberal social programs. While their tax base is shrinking. Both of these states are in serious financial trouble as a result. Now apply the same at the Federal level. How do you spell financial disaster?

This has been played out in countries across the globe, all but countless times. The result is always the same..... Economic failure.

Yes, it is clear what I said...... Just not to you. Now there it is again. It's right above. I just cut and pasted it. How much clearer can I possibly make it? The top 1% income earners. How do you translate that into, "corporations"?


Maybe you should read everything that you wrote.
 
Well the top 1% own 50% of the world's weatlth. Why wouldn't they pay the vast majority of taxes? Please explain how they are really hurt by paying higher taxes. Are they made poor or even middle class?

The bottom 50% are just trying to get by. Taking money from them really hurts them financially.
 
Originally Posted by ZZman
Well the top 1% own 50% of the world's weatlth. Why wouldn't they pay the vast majority of taxes? Please explain how they are really hurt by paying higher taxes. Are they made poor or even middle class? The bottom 50% are just trying to get by. Taking money from them really hurts them financially.

I never said they shouldn't. It's you guys that are constantly harping and complaining how they should always pay MORE. Well, the top 50% are already paying 97.3% of all the Federal income tax collected. So just how much MORE can you possibly expect them to pay?

Again remember, the bottom 50% of INDIVIDUALS that you claim are, "just trying to get by", pay less than 3% of the Federal income tax currently being collected. That's not just fair, it's MORE than fair.
 
I mentioned in another thread, when all the numbers were calculated for our 2018 tax return we have to pay $28.5K to Uncle Sam.

Some people get money back and others have to pay.
 
Originally Posted by billt460
My rereading what I wrote will not help your comprehension of it.


I know exactly what you wrote. You don't.

Originally Posted by billt460

If these socialism lovers succeed in raising the tax on business to unacceptable levels, they'll take their money and companies and leave. Then who is going to support all of their give away programs they so desperately want? This is already happening at the state levels in New York and California. Their operating budgets are ever increasing with all of their liberal social programs. While their tax base is shrinking. Both of these states are in serious financial trouble as a result. Now apply the same at the Federal level. How do you spell financial disaster?
 
Originally Posted by ZZman

I do think I would like places like Canada and the Scandinavian countries.

Every time someone gives examples of socialist-type countries they think are good, they always name countries full of homogeneous European-type people and little diversity.
 
Originally Posted by DejaVue
Originally Posted by ZZman

I do think I would like places like Canada and the Scandinavian countries.

Every time someone gives examples of socialist-type countries they think are good, they always name countries full of homogeneous European-type people and little diversity.


Because that is what most people want. Not a Cuba or Venezuela. Does that mean it couldn't work here? If Capitalism works elsewhere why couldn't that work here?
 
I guess there are 3 ways growing income/wealth inequality could be addressed:

1. Businesses address it
2. Government addresses it by laws or taxes
3. Workers unite/unionize and address it.
 
Originally Posted by ZZman
Originally Posted by DejaVue
Originally Posted by ZZman

I do think I would like places like Canada and the Scandinavian countries.

Every time someone gives examples of socialist-type countries they think are good, they always name countries full of homogeneous European-type people and little diversity.

Because that is what most people want. Not a Cuba or Venezuela. Does that mean it couldn't work here? If Capitalism works elsewhere why couldn't that work here?

No it couldn't. You cannot cherry pick what kind of socialism you want. It doesn't work that way. It is dictated by cost, population, and tax base. You don't shop for a new Cadillac when all you can afford is a used Chevy.

Denmark, (which has the type of socialism people like Oprah and you are always bragging about how much you want it here), has a total population of only 5.7 Million people. About the same as the state of Colorado. And virtually ALL of those 5.7 million people are well educated, high income earning white people. Who pay on average, a personal Income Tax Rate of 55.80 percent.

The United States has a current population of over 327 MILLION people. Of which over 32 million adults in the United States can't read at all. And 50 percent of U.S. adults can't read a book written at an eighth-grade level. 15.1 percent, just over 46 million Americans, were officially living below the poverty level because they are uneducated, and can't earn more. You have 51.7% of kids living in households in this country, who are already receiving some type of government assistance. These are families who are already established takers, who have nothing to give.

Now, we've already proven the fact these people, along with the remaining bottom 50% of income earning people in this country, are only paying 2.7% of the Federal income tax currently being collected. So once again the question that is never answered by socialist screaming liberals is....... How are you going to pay for it?

And remember before you start in screaming with your whole, "Tax The Rich!", mantra. We've already proven the fact they're already paying 97.3% of all the Federal income tax currently being collected. So even if they picked up the lowly remaining 2.7% the deadbeats are currently paying, you will never be able to afford it. We are currently carrying a National Debt of over $22 TRILLION DOLLARS. And it's growing at the rate of $52,000.00 PER SECOND.

So... In order to be able to afford this utopian Denmark style of socialism you so dearly want, and can't seem to live without. You not only would have to stop the financial bleeding the current National Debt is hemorrhaging from our economy. You also have to come up with a similar INDIVIDUAL income tax contribution for every man, woman, and child in this country that equals Denmark's current model, in order to be able to afford it. Now all you're doing is pointing at the neighbors Porsche and saying, "I want one of those!"

That is a financial impossibility for a nation this large, this broke, and this uneducated. And you still wouldn't have enough money to finance it, if you robbed every corporation in the United States into economic insolvency. I know basic arithmetic and economics never factor into a socialists mind, because their hearts are too busy bleeding. But it doesn't change the FACT this country will NEVER be able to afford socialism. Unless it's the type that would make Venezuela look like Beverley Hills.
 
Originally Posted by billt460


That is a financial impossibility for a nation this large, this broke, and this uneducated. And you still wouldn't have enough money to finance it, if you robbed every corporation in the United States into economic insolvency. I know basic arithmetic and economics never factor into a socialists mind, because their hearts are too busy bleeding. But it doesn't change the FACT this country will NEVER be able to afford socialism. Unless it's the type that would make Venezuela look like Beverley Hills.



I can't believe the greatest country on Earth (or so we are told) couldn't do what others have done.

And we already have "social or socialist " programs in this country people like. SS, Medicare, Medicaid, Law Enforcement, Fire Protection etc....
 
Originally Posted by ZZman
Originally Posted by billt460


That is a financial impossibility for a nation this large, this broke, and this uneducated. And you still wouldn't have enough money to finance it, if you robbed every corporation in the United States into economic insolvency. I know basic arithmetic and economics never factor into a socialists mind, because their hearts are too busy bleeding. But it doesn't change the FACT this country will NEVER be able to afford socialism. Unless it's the type that would make Venezuela look like Beverley Hills.



I can't believe the greatest country on Earth (or so we are told) couldn't do what others have done.

And we already have "social or socialist " programs in this country people like. SS, Medicare, Medicaid, Law Enforcement, Fire Protection etc....


Part of the issue is the US is kind of the "worlds police." Denmark's military budget was $3.8 billion USD in 2017. While the US is out protecting the world, other countries are spending money they'd otherwise have to put into their own militaries on other things.
 
Originally Posted by billt460
Originally Posted by ZZman
Originally Posted by DejaVue
Originally Posted by ZZman

I do think I would like places like Canada and the Scandinavian countries.

Every time someone gives examples of socialist-type countries they think are good, they always name countries full of homogeneous European-type people and little diversity.

Because that is what most people want. Not a Cuba or Venezuela. Does that mean it couldn't work here? If Capitalism works elsewhere why couldn't that work here?

No it couldn't. You cannot cherry pick what kind of socialism you want. It doesn't work that way. It is dictated by cost, population, and tax base. You don't shop for a new Cadillac when all you can afford is a used Chevy.

Denmark, (which has the type of socialism people like Oprah and you are always bragging about how much you want it here), has a total population of only 5.7 Million people. About the same as the state of Colorado. And virtually ALL of those 5.7 million people are well educated, high income earning white people. Who pay on average, a personal Income Tax Rate of 55.80 percent.





Are you saying Scandinavian countries don't have low wage jobs and people with poor education?

And yes they pay high taxes. They also get alot for those taxes.
 
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