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Bernie Convinces Republicans He’s Right

newtboy says...

You can’t be that dumb.

1) these rich people pay our “leaders” to write unfair tax code so they can not pay taxes. Legalized by Republican pushes to allow unlimited corporate donations and bribes. In many cases, they DO in fact write the code, then hand it to those “leaders”.
2) these “leaders” writing tax loopholes for the super rich, all Republicans, are also rich people, legislating for personal gain.

If the top 1% made 80% of all income, they underpayed by more than half if flat tax were the law or in any way fair. In the 50’s, the time period conservatives want to return to, the top 1% paid 91% tax rates, and America was booming. Today it’s actually <24% and you whine.
How much did they pay AFTER their last massive tax cut, much less than 40%….not that I’m taking your word for those statistics, you are hardly a trustworthy source, the actual number in 2018 is 37% of personal income taxes, which ignores a lions share of non income taxes we all pay.

If you count ALL federal taxes, they payed <24% of taxes collected.
Their highest income tax rate for the rich was +-25% (before deductions, exemptions, loopholes, tax heavens, etc), 66% less than in the 50’s. Under Clinton they paid almost 40% income tax (not 24%), and the economy was again much stronger and growing much faster.

Edit: it was possibly the highest share of that portion of federal taxes paid by the top 1% since 1982, although your track record indicates that’s also a huge exaggeration, but if it’s even remotely true that would be because they took (not really earned) that much more income, not because they paid a higher percentage of earnings. In the 90’s they paid 40%, not today’s 25%…yet today they pay more….can you understand what that means? It means they take almost twice as much “income” as they did in the 90’s when the economy was strong.

https://nymag.com/intelligencer/article/fact-check-richest-1-dont-pay-40-of-the-taxes.html

Republicans are ALL stupid people who do not think, proven every time they are forced to think and realize they have everything backwards. You idiots think Covid is a fraud, the election was stolen, and CRT in grade school is a thing.

Such a nonsensical blatant red herring. They often do “just write a check to the irs” btw. I’m not rich, but I don’t take deductions I legally could because I want to pay my share, not weasel out of it. That’s called being patriotic, not attacking congress and shirking any and all civic duties.
Pushing for a fair tax code, unlike Republicans who plan to raise taxes on anyone making under $250k AND end social security, Medicaid, Medicare, and any other social safety nets they can think of, is not just the ethical and moral thing, it’s the only sane economic move based on ALL economic history ever.

Right, stop wasting, like billions wasted on useless monuments to failure (Trump’s failing fence), trillions more on stupid failed trade wars, billions on political stunts like blockading the border (Texas), trillions to try to fix the disastrous Covid (lack of) response thanks to insane mismanagement and the removal of safeguards, billions to fight the non existent CRT in grade school nonsense…etc. you are ecstatic to waste billions-trillions on idiotic Republican nonsense with absolutely zero return for the money, not complaining once while Trump tried to double the debt in 4 years (nearly succeeding), but not on programs that keep the poor from turning to crime because they have literally nothing to lose, or start to fix our crumbling infrastructure, you call that pork. 🤦‍♂️

So fucking stupid, bob. Delusional, dumb, prejudiced, and always wrong. You must be playing the character of ignorant moronic trumptard, no real human being is this deluded or dumb. Even a broken clock is right twice a day, you are like a clock specifically designed to NEVER show the correct time….you actively avoid being truthful.

bobknight33 said:

Rich people do pay their fair share. Its called tax code. They did not write the code our Leaders did.
So don't bitch at rich people, bitch at our leaders

According to the latest IRS data for 2018— the top 1 percent of taxpayers paid $616 billion in income taxes. That amounts to 40 percent of all income taxes paid, the highest share since 1980..

Just proves republicans also have stupid people who do not think .

Worse yet is that there are leaders who believe this false narrative also. They are themselves rich.. If they are so moved into paying their fair share why don't they just write a check to the IRS.

Better yet is to quit spending money on shit we don't need with money we don't have.

Bernie Convinces Republicans He’s Right

bobknight33 says...

Rich people do pay their fair share. Its called tax code. They did not write the code our Leaders did.
So don't bitch at rich people, bitch at our leaders

According to the latest IRS data for 2018— the top 1 percent of taxpayers paid $616 billion in income taxes. That amounts to 40 percent of all income taxes paid, the highest share since 1980..

Just proves republicans also have stupid people who do not think .

Worse yet is that there are leaders who believe this false narrative also. They are themselves rich.. If they are so moved into paying their fair share why don't they just write a check to the IRS.

Better yet is to quit spending money on shit we don't need with money we don't have.

bobknight33 (Member Profile)

newtboy says...

Elon is dumping Tesla to pay some enormous capital gains and income taxes he’s avoided for the last decade by taking out loans against his stocks instead of selling any. He likes to say he’s paying the most taxes anyone ver has, and right wing propaganda is trying to back that up, but he didn’t pay any taxes for over 10 years while becoming the richest man ever…so divide by 10 and try again, liar, and his stock gains are also from his companies making artificially high profits by not paying taxes.
If reports are to be believed, he’s worth $200 billion now, so really that amounts to 5.25% total taxes (fed and state)….hardly his fair share…because he’s really a socialist welfare queen!
Be prepared for a massive slump in its value. He’s planning on selling off 10%, but prices will drop far more.

Joe Machin and the Deficit

newtboy says...

You mean like Trump's last year in office when he spent well over the conservative estimates of $6.55 Trillion and collected only $3.4 Trillion in total income?
($1.6 trillion of which came from personal income taxes, $212 billion from corporate taxes...sure, that seems fair and proper)
https://www.statista.com/statistics/216928/us-government-revenues-by-category/

So essentially a tax Holliday year with the money going back to all citizens? What a major improvement that would be....and with the economy coming back after the Trump recession/depression, Biden doesn't have to put everything on credit, he can pay for his spending, and maybe pay for some of Trump's massive debts he left.

Trump came in with under $19.5 Trillion and left with over $28.5 Trillion in debt and his last year yielded a $5.2 Trillion deficit and the worst unemployment and biggest GDP drop EVER!!! Obama shrank the deficit to below $500 BILLION! Clinton had a surplus!!! Bush turned that into a deficit within one year and a near $1.5 Trillion deficit and depression when he left.

BTW, it should be a comma after "matter", not a period and double spacing. It's only one complete sentence. Even just 8th grade English class would have taught you that....also "let's" has an apostrophe, it means "let us"....are you sure you really graduated middle school? I can't see someone passing third grade with these English skills.

bobknight33 said:

Hell if it does not matter.

Lets add yet another 4 , 6 or 8 Trillion on top of this and send out Biden checks to all Americans.

Chauvin Guilty of Murder as Calls for Police Reform Grow

newtboy says...

I want to know how after 19 years on the force with a $100000 car, rental homes, $90+ a year at his second job, and who under reported his yearly income by almost $500000 repeatedly can get away with claiming he's broke.

Just like being housed in special high profile (larger nicer single inmate cells, but not solitary) areas of prison with all non white employees barred from the entire floor and white female officers allowed alone in his cell, actually in his bed, to comfort him, even letting him use their cell phones, that's some serious bullshit.

The murderous pig is a millionaire.

Wiki-On July 22, 2020, after the murder charges were brought against him, Chauvin and his then-wife were separately charged in Washington County, Minnesota, on nine felony counts of tax evasion[88][89] related to allegedly fraudulent state income tax returns from 2014 to 2019.[90] Prosecutors state the couple under-reported their joint income by $464,433, including more than $95,000 from Chauvin's off-duty security work.[89][91] The complaint also alleges failure to pay proper sales tax on a $100,000 BMW purchased in Minnesota in 2018, failure to declare income from Chauvin's wife's business, and improper deductions on a rental home.

surfingyt said:

he got Eric Nelson ha ha
the Ls continue to stack for bewb

https://uk.news.yahoo.com/judge-said-derek-chauvin-financially-222111809.html

David Cross: Why America Sucks at Everything

bcglorf says...

@eric3579 had it right, because the first link looks like the source:
https://www.peoplespolicyproject.org/2019/04/08/us-workers-are-highly-taxed-when-you-count-health-premiums/

But when that source lists the graph that Cross used as "labor tax", it is listed as coming from OECD NTCP, with NTCP standing for "Non-Tax Compulsary Payments" and has the same 11% for Canada and other numbers. So, the OECD 'original' source of the data is 100% excluding Federal and State/Provincial income taxes, and potentially sales taxes as well.

So with that knowledge, yeah, gross misrepresentation.

And it gets worse in that peoplespolicyproject is showing 2017 numbers, so maybe that is the only difference... But they list Belgium at 38.3% while the OECD current 2019 data shows 44.5, so maybe some year-year change, but the US data from OECD for 2019 comes in at 24.1%, and at the least in the middle of EU countries while whatever source ppp used pegged Us at 43%.

So not only is it deceptive in describing it as 'tax' when the numbers are expressly sourced from NonTax data(named as such), it's also at BEST number that can double or drop by half within 2 years as well and so maybe not a great policy benchmark either unless you average out multiple years at minimum

newtboy said:

I thought the same thing. If average Canadians only paid 11% total in taxes Canada would have been forced to build a wall to stop all the republicans trying to move there.


Ahhh.....Thanks @eric3579 . He's taking what they called "labor tax" which apparently is some nonsense number they produced that, while it includes employee income and payroll tax as well as employer contributions, is somehow far less than employee income and payroll taxes alone in Canada, labor tax is listed at 11.5% with the next lowest being the UK at 26.1%. Somebody screwed up here, their numbers don't add up.

David Cross: Why America Sucks at Everything

bcglorf says...

Canadian here with my jaw on the floor. At 2:25 I learned that the average Canadian has 11% of their wages consumed by taxes and other listed costs...

The lowest Canadian federal tax bracket is 15%, and most provincial taxes add another 15% as well, so 99% of Canadians have a floor of 30% just to income taxes...

Where in the heck are these numbers in the video from???

Trump Tax Bombshell Reveals How the System Is Rigged

newtboy says...

Um....yeah.....not really.
He filed late, using every possible delay tactic, then when he filed he paid $750, not the millions in estimated tax liability. His income tax WAS $750. I'm guessing the $5.2 million were those estimated taxes which he didn't pay in the end, or payroll taxes, or other taxes, but not income tax. Exactly what your quote says.
His payments wouldn't roll forwards, they would go to pay for the $75 million refund he improperly claimed for losses at Taj Mahal after he was thrown out. That's what he keep calling an audit, he's being sued to return the fraudulent tax refund he took. His total outstanding debt to the federal government is estimated at $100000000.

Edit: What I think you mean is the tax write off credits/capitol losses from his enormous losses carry over. That's different from him making any "payments".

No, they don't reveal NEW connections to Russia, they do however confirm some of the old connections he's denied.

The whole premise is to allow the public to understand who the man is, they did. He's a fraud who's debts likely outweigh his assets.

Chaucer said:

Seth once again proving how big of a moron his is. NYTimes clearly crafted the article to sound like he only paid $750, but those were his tax liability fees.....what people are failing to read is that in the very same smear article, he actually paid $5.2 million.
"Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years." - NYTimes.
and at the very end of the NYTimes article indicates "Nor do they reveal any previously unreported connections to Russia"
wasn't the whole premise of releasing his tax returns was because there were ties to russian collusion?

Trump Tax Bombshell Reveals How the System Is Rigged

Chaucer says...

Seth once again proving how big of a moron his is. NYTimes clearly crafted the article to sound like he only paid $750, but those were his tax liability fees.....what people are failing to read is that in the very same smear article, he actually paid $5.2 million.
"Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years." - NYTimes.
and at the very end of the NYTimes article indicates "Nor do they reveal any previously unreported connections to Russia"
wasn't the whole premise of releasing his tax returns was because there were ties to russian collusion?

Why Trump Wants Covid To Last Forever

newtboy says...

Aaaaahahaha!!!!!!

No Bob, a Trumptard is not a republican. A climate change/science denier is not a Republican. A war hawk is not an old school republican. A draft dodger who calls those who serve America losers and suckers is not a Republican. You are a ReTrumpican, not a Republican.

Fiscal conservatism is the core of Republicanism, and the antithesis of big spender Trump, the nation's biggest loser, who made zero money at all 10 out of the last 15 years (taxes leaked, so sad), and less than my wife and I did at least two of the remaining five, paying at most $750 in income tax...unless he's a total tax cheat too....and it's looking like he's actually hundreds of millions in debt, some to mobsters, some, like $100 million, to Uncle Sam. THAT is not a Republican, Bob, it's a failed business man, convicted fraud and con man, and soon to be boat anchor in the Black sea.

bobknight33 said:

A McCain republican or Bush 42 republican is NOT a republican.

A Better Way to Tax the Rich

surfingyt says...

You might have missed my original statement where the entire tax code was abolished. Income taxes go away. There are no loopholes, breaks, tax credits or deductions, etc. Rich people/businesses purchase more goods and services than poorer so they would pay more taxes proportionally (in sum not percent). I am not looking for wealth equality I am looking for taxation equality. Look at Amazon's taxes again this year.

newtboy said:

I think I just explained how that does nothing to address wealth inequality and leaves the poor paying the maximum percentage of income in taxes while letting the rich only pay a tiny portion, only the set sales tax percentage (on what they legally buy in the U.S. and report).
Your plan would probably have to set sales tax at near 50% (it's already over 10% with all the other tax revenues), meaning the poor, who spend all they make, pay >50% in taxes (and over 90% of all taxes with around 10% of all income), and the rich, who would spend <1% of their income taxably (I know that's not a real word) pay about 1/2%. Sounds like a great solution to wealth inequality, doesn't it?

fox news slam President Obama an praise trump over the thing

lucky760 says...

I think it would be fair to point out that the context of the two situations is very different, the most important difference being that Kim Jong-Un announced he is willing to stop his nuclear weapons program and meet with the US president.

That in mind, their hypocrisy is not as flagrant as it seems on the surface because they aren't actually praising Trump for exactly what Obama did because he's doing it with the preconditions they criticized Obama for lacking.

This video's side-by-side would have real significance for me if Trump had ever agreed to meet with Kim prior to him declaring he'd give up nuclear weapons (which to my knowledge Trump never did).

I'm no Trump fan by any stretch (except when it comes to income taxes, full disclosure), just calling it as I see it. Am I being a voice of reason here or am I totally out of line?

Vox: The new US tax law, explained with cereal

SDGundamX says...

A Mitt Romney fan, eh? You should probably read this article, which absolutely guts the myth that only half of income earners pay taxes.

As far as the top 1% paying 40% of the taxes, I agree that is atrocious--they are supposed to be paying almost ALL of it! See, when the income tax was introduced with the 16th Amendment, it was primarily meant to be a tax on the rich. The federal tax rate for middle-class people was meant to be around 1-2% whereas the tax rate on the rich was around 7%. You can see the original 1913 tax form here.

Of course, since literally the income tax's inception, the federal government has continuously been shafting the middle classes while reducing the tax burden of the wealthy. It's about as American as apple pie by this point!

The big problem is that the government relies more and more on income tax to fund federal projects. Take a look at the graph in the article I linked to at the start of this comment and note how corporate taxes keep going down while income and payroll taxes keep going up.

It doesn't help at all that most of America's biggest businesses have offshore tax havens where they can avoid paying taxes (think Ireland for Apple, Inc., though that hasn't worked out so well for them thanks to the EU being less corporate cock-sucking than the U.S. government).

So, to solve America's tax deficit problem, the solution is pretty clear--tax rich people more (as was intended), tax corporations more and cut off their tax havens, and maybe give a tax break to the people who actually need and deserve it--the middle and lower classes.

But of course all of that sounds suspiciously like socialism, which as we all know is the devil incarnate and about as un-American as naming your kid Stalin.

drradon said:

This, like so many of these tax discussions, happily ignores the fact that those top 1% of income earners pay 40% of ALL taxes... (and more than the combined tax revenues of the bottom 90% of income earners). The reality is that nearly 50% of all income earners pay NO taxes - this really isn't a good social policy - where nearly half the potential voting public have no vested interest in how government money is being spent

How tax breaks help the rich

heropsycho says...

Getting soaked is a crock of BS. They're paying often times 20% effective tax rates.

And when income and wealth inequality is as bad as it is today, what you're pointing out points to how ridiculous the economic system is when almost half of Americans pay no federal income taxes and still see their effective income drop over the last four decades, while the rich have experienced steady income increases during that time.

IE, the inequality is so great, even if you literally don't have people pay taxes, it's still resulting in growing wealth inequality.

And I'm sure you're gonna claim that I'm suggesting pure income/wealth equality is what we want, which I'm not. However, it is absolutely essential to a functioning market economy that wealth and income inequality do not become too great, as that was one of the contributing factors to the Great Depression. If the economic lower class does not have money to purchase goods and services the businesses owned by the rich produce, those businesses will inevitably decline.

bobknight33 said:

The rich might get better value on their deductions but they still get soaked more in taxes overall.


The top-earning 1 percent of Americans will pay nearly half of the federal income taxes for 2014
Top 20% of Earners Pay 84% of Income Tax
And the bottom 20%? They get paid by Uncle Sam.

How tax breaks help the rich

bobknight33 says...

The rich might get better value on their deductions but they still get soaked more in taxes overall.


The top-earning 1 percent of Americans will pay nearly half of the federal income taxes for 2014
Top 20% of Earners Pay 84% of Income Tax
And the bottom 20%? They get paid by Uncle Sam.






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