You’re all set, the GOP has the house

[Jim in CT]

Originally Posted by wdmso

If you don’t want to pay a tax, don’t buy it. It’s as simple as that,” Carter told

Federal Reserve data indicates that as of Q4 2021, the top 1% of households in the United States held 32.3% of the country's wealth, while the bottom 50% held 2.6%. In recent decades, wealth inequality has substantially increased in the United States.

Yep GOP followers not understanding that they and the majority of Americans are the people who buy like 99% of the goods and services


What’s crazy why are they giving the crazy’s a soap box to even stand on.. They will complain when 6 year olds all get a participation trophy.

Yet Republicans are doing the same thing but giving up the house floor

Kevin has just gave up any lLegitimacy and seriousness the house had
All so he can say he’s speaker ..

He put himself before the country . Using the usual GOP rhetoric like freedom radical left fiscal responsibility. And the base of the Republican Party are alike Lemmings Kevin’s right behind Trump

wayne, here we see data that shows that for tax year 2020, the top 1% had 22% of total national income, yet paid 42% of the total national federal income tax.

In other words,,their share of the national tax burden was just about twice as large as their share of national income.

The tax code can likely be tweaked to make it more fair. But it’s already very, very progressive. Trump increased the number of people
at the bottom who pay nothing, by doubling the standard deduction. You should celebrate that. but we know why you won’t.

https://www.ntu.org/foundation/tax-p...s-income-taxes

in a growing economy, wealth inequality has to increase, because the wealthy have more to invest. You can’t prevent that, and there’s no sane reason to try. would you support a law that makes it illegal to work or invest after someone becomes a billionaire?

one persons wealth, doesn’t hurt anyone else, assuming they didn’t steal it. the liberal fixation of the wealthy, who today are mostly liberals.

The democrats ran the show for two years, how come they didn’t do anything to fix it?

[Pete F.]

Originally Posted by Jim in CT

wayne, here we see data that shows that for tax year 2020, the top 1% had 22% of total national income, yet paid 42% of the total national federal income tax.

In other words,,their share of the national tax burden was just about twice as large as their share of national income.

The tax code can likely be tweaked to make it more fair. But it’s already very, very progressive. Trump increased the number of people
at the bottom who pay nothing, by doubling the standard deduction. You should celebrate that. but we know why you won’t.

https://www.ntu.org/foundation/tax-p...s-income-taxes

in a growing economy, wealth inequality has to increase, because the wealthy have more to invest. You can’t prevent that, and there’s no sane reason to try. would you support a law that makes it illegal to work or invest after someone becomes a billionaire?

one persons wealth, doesn’t hurt anyone else, assuming they didn’t steal it. the liberal fixation of the wealthy, who today are mostly liberals.

The democrats ran the show for two years, how come they didn’t do anything to fix it?

Jim,
The data presented by NTU shows the increase in wealth inequality since the Reagan administration.
Carried to the logical conclusion of your theory that wealth inequality has to increase, we all end up as serfs, living in homes owned by
the wealthiest and with no opportunity to escape.
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by Pete F.

Jim,
The data presented by NTU shows the increase in wealth inequality since the Reagan administration.
Carried to the logical conclusion of your theory that wealth inequality has to increase, we all end up as serfs, living in homes owned by
the wealthiest and with no opportunity to escape.
Posted from my iPhone/Mobile device

the point of the data i posted, is that the top 1% pay a share of income tax that’s twice as large as their proportion of income. Which means, our tax system is very progressive

Wealthy people getting wealthier, does not make anyone else a surf. Wealth is not finite. If Jeff Bezos earns another million this afternoon, that doesn’t mean there’s a million less for
me and you to scrounge for. it has zero impact on me and you, other than it probably decreases our tax burden.

here, you’re saying wealth is bad. but in other posts, you brag that the wealthiest people are mostly democrats.

So which is it?

One persons wealth, doesn’t cause another persons poverty. It’s not a zero sum game.

Every single one of us, knows people who started out poor and got rich.

[Pete F.]

Originally Posted by Jim in CT

the point of the data i posted, is that the top 1% pay a share of income tax that’s twice as large as their proportion of income. Which means, our tax system is very progressive

Wealthy people getting wealthier, does not make anyone else a surf. Wealth is not finite. If Jeff Bezos earns another million this afternoon, that doesn’t mean there’s a million less for
me and you to scrounge for. it has zero impact on me and you, other than it probably decreases our tax burden.

here, you’re saying wealth is bad. but in other posts, you brag that the wealthiest people are mostly democrats.

So which is it?

One persons wealth, doesn’t cause another persons poverty. It’s not a zero sum game.

Every single one of us, knows people who started out poor and got rich.

Call it whatever you want, in 1971, a whole lot more American adults were living in a middle-class household. That's not the case today, as the middle class has shrunk in the last five decades — and the richest households have seen their earnings swell.
Posted from my iPhone/Mobile device

[wdmso]

Originally Posted by Jim in CT

wayne, here we see data that shows that for tax year 2020, the top 1% had 22% of total national income, yet paid 42% of the total national federal income tax.

In other words,,their share of the national tax burden was just about twice as large as their share of national income.

The tax code can likely be tweaked to make it more fair. But it’s already very, very progressive. Trump increased the number of people
at the bottom who pay nothing, by doubling the standard deduction. You should celebrate that. but we know why you won’t.

https://www.ntu.org/foundation/tax-p...s-income-taxes

in a growing economy, wealth inequality has to increase, because the wealthy have more to invest. You can’t prevent that, and there’s no sane reason to try. would you support a law that makes it illegal to work or invest after someone becomes a billionaire?

one persons wealth, doesn’t hurt anyone else, assuming they didn’t steal it. the liberal fixation of the wealthy, who today are mostly liberals.

The democrats ran the show for two years, how come they didn’t do anything to fix it?

yet the 1% paid 42% of the total national federal income tax.

that you claim republicans want to eliminate and replace with a 30% sales tax

I am no mathematician but I don’t see how they could fund just the military with their plan

Jim’s another republican supporting the wealthy blindly in hope he’ll be rich someday

FYI Jim not paying your taxes is stealing… if those in government allow a system to benefit donors who argue those tax laws allow them to hire and re invest
But they do neither . It’s stealing

[Jim in CT]

Originally Posted by wdmso

yet the 1% paid 42% of the total national federal income tax.

that you claim republicans want to eliminate and replace with a 30% sales tax

I am no mathematician but I don’t see how they could fund just the military with their plan

Jim’s another republican supporting the wealthy blindly in hope he’ll be rich someday

FYI Jim not paying your taxes is stealing… if those in government allow a system to benefit donors who argue those tax laws allow them to hire and re invest
But they do neither . It’s stealing

"that you claim republicans want to eliminate and replace with a 30% sales tax "

But neither you nor I know if that will change the % of tax paid by the top 1%. You're making blind assumptions. But I agree it's probably a stupid idea.

On a different note, if the top 1% pay twice as much in federal income tax as they hold of taxable income, doesn't that sort of mean they are paying their share? Your side likes to claim they don't...

"I am no mathematician "

Get outta here. Could've fooled me...

"I don’t see how they could fund just the military with their plan "

So either their plan wouldn't even fund the military, or else you don't know what you're talking about, in which case get some facts before you condemn it?

"Jim’s another republican supporting the wealthy blindly in hope he’ll be rich someday "

I didn't support them, I stated facts.

Which party do most wealthy register under, Wayne? So who is bowing to the wealthy?

"FYI Jim not paying your taxes is stealing"

I agree 100%. So you're saying Al Sharpton is a crooked thief, then? Because your side LOVES him.

"if those in government allow a system to benefit donors who argue those tax laws allow them to hire and re invest
But they do neither . It’s stealing"

(1) the wealthy pay plenty.
(2) the wealthy are mostly democrats.

Democrats controlled the entire federal government for Bidens first 2 years, and did nothing to improve it. How is that the Republican's fault, exactly?