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OfflineBaby_Hitler
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Why tax the poorest 50% at all?
    #1243175 - 01/23/03 03:07 PM (14 years, 3 months ago)

According to an article by "conservative advocate" and columnist William Rusher:

"...the top 5% of all taxpayers paid 56.5% of all income taxes in 2000, and the top half of taxpayers paid more than 96%."

Why even tax the bottom 50% at all? If "trickle down" theory is true, then taxing the rich IS taxing the poor.

I think they're afraid if they do that, then "the poor" will team up with "the rich" when they realize that when the rich are taxed, the costs are passed on to them.



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Anonymous

Re: Why tax the poorest 50% at all? [Re: Baby_Hitler]
    #1244789 - 01/24/03 05:14 AM (14 years, 3 months ago)

Funny thing is, my parents would be considered rich because they make more than $45,000 a year.


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OfflineBaby_Hitler
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Re: Why tax the poorest 50% at all? [Re: Anonymous]
    #1244817 - 01/24/03 05:26 AM (14 years, 3 months ago)

I doubt many people would consider $45,000 a year to be rich, but it would presumably put them in the top 50%.


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InvisibleInnvertigo
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Re: Why tax the poorest 50% at all? [Re: Baby_Hitler]
    #1245010 - 01/24/03 06:56 AM (14 years, 3 months ago)

that's who the libbies describe when they're saying "tax breaks for the rich"....what's funny is that many out there will say that the rich should not benefit but they refuse to say what exactly they consider rich.


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OfflineBaby_Hitler
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Re: Why tax the poorest 50% at all? [Re: Innvertigo]
    #1245046 - 01/24/03 07:10 AM (14 years, 3 months ago)

I wonder what how much the bottom 50% actually do make.

I know the "average" american makes about $35,000. Does that include the top 5% that makes most of the money?


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Invisiblesilversoul7
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Re: Why tax the poorest 50% at all? [Re: Innvertigo]
    #1245055 - 01/24/03 07:11 AM (14 years, 3 months ago)

Actually, the top 10% or so is what I would consider rich. Definitely not the top 50%.


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InvisibleInnvertigo
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Re: Why tax the poorest 50% at all? [Re: Baby_Hitler]
    #1245073 - 01/24/03 07:18 AM (14 years, 3 months ago)

Taken from Another thread where we had this discussion. Taken from the IRS site i believe

Top 1% makes $313,000

Top 5% makes $128,000

Top 10% makes $92,000

Top 25% makes $55,000

Top 50% makes $27,682

wow if you make over 27,682 you're rich


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OfflineBaby_Hitler
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Re: Why tax the poorest 50% at all? [Re: silversoul7]
    #1245075 - 01/24/03 07:18 AM (14 years, 3 months ago)

That sounds about right.


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Invisiblecarbonhoots
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Re: Why tax the poorest 50% at all? [Re: Innvertigo]
    #1245297 - 01/24/03 08:49 AM (14 years, 3 months ago)

Lumping the bottom 50% all toghether is misleading.

I'd like to see it in 10% increments. I'll bet the bottom 2 brackets would be absurdly low. Which would be about 60 million americans. Probably not till the third bracket would anyone start to make any kind of living.

Slanted stats are nothing new.



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Invisiblecarbonhoots
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Re: Why tax the poorest 50% at all? [Re: carbonhoots]
    #1245317 - 01/24/03 08:55 AM (14 years, 3 months ago)

And besides, income inequality is nothing like wealth inequality. Wealth inequality is much more pronounced.


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OfflineGoBlue!
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Re: Why tax the poorest 50% at all? [Re: Baby_Hitler]
    #1245343 - 01/24/03 09:07 AM (14 years, 3 months ago)

Wow, so even if 50% of all Americans didn't pay any taxes, the Government would still get 96% of it's tax money.  If those stats are valid, I think you've got a damn good idea!  :laugh: 


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:smile:  Just stating my thoughts, not trying to offend  :smile:


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InvisibleInnvertigo
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Re: Why tax the poorest 50% at all? [Re: carbonhoots]
    #1245372 - 01/24/03 09:15 AM (14 years, 3 months ago)

****Lumping the bottom 50% all toghether is misleading. ****

not really but i would like to see how it brakes down. The IRS page might show this

****I'll bet the bottom 2 brackets would be absurdly low. ****

ofcourse it would be, hence the bottom, just as the top one is absudly high (relativly speaking)

****Probably not till the third bracket would anyone start to make any kind of living.****

i'm still trying to see what your point is.

****Slanted stats are nothing new****

What's slanted? It shows that a majority of those making the money are paying the taxes. it's pretty clear really.


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InvisibleXlea321
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Re: Why tax the poorest 50% at all? [Re: GoBlue!]
    #1245375 - 01/24/03 09:16 AM (14 years, 3 months ago)

Good point Blue. According to those stats the government only loses 4% of it's revenue if it writes off tax for millions of people. So why is there more chance of the sky falling in than the government giving the poor a tax break like that?

It's kinda why I've always thought that figure was absolute bollocks. Maybe I'm wrong, but you do wonder why the government would bother spending billions collecting tax from millions of people when it only brings in 4% of their income.


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OfflineBaby_Hitler
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Re: Why tax the poorest 50% at all? [Re: GoBlue!]
    #1245382 - 01/24/03 09:17 AM (14 years, 3 months ago)

I think this is just Federal income tax, not all taxes. anyone who earned less than, like $7600 I think, didn't pay any anyway. I'm sure it's more if they have dependants.


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InvisibleInnvertigo
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Re: Why tax the poorest 50% at all? [Re: Baby_Hitler]
    #1245396 - 01/24/03 09:23 AM (14 years, 3 months ago)

i think it's around 12,000 but i could be wrong.


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America....FUCK YEAH!!!

Words of Wisdom: Individual Rights BEFORE Collective Rights

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson


Edited by Innvertigo (01/24/03 09:24 AM)


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Anonymous

Re: Why tax the poorest 50% at all? [Re: GoBlue!]
    #1245962 - 01/24/03 01:41 PM (14 years, 3 months ago)

Here's one for you: maybe the government should cut back a little. You know, not spend so much employing unmotivated deadbeats in social services, maybe stop loaning money to those who can't pay us back (Russia). Then we could have a flat income tax so the poor are getting fucked over just as much as the rich.


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Invisiblesilversoul7
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Re: Why tax the poorest 50% at all? [Re: Anonymous]
    #1246031 - 01/24/03 02:10 PM (14 years, 3 months ago)

Quote:

Here's one for you: maybe the government should cut back a little. You know, not spend so much employing unmotivated deadbeats in social services, maybe stop loaning money to those who can't pay us back (Russia). Then we could have a flat income tax so the poor are getting fucked over just as much as the rich.



I'd prefer if instead it cut its military budget and ended the drug war(thus freeing up billions). Also, if you're poor, you get fucked over way more than the rich. Just in different ways. Do you have something against poor people?


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Edited by silversoul7 (01/24/03 02:11 PM)


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Anonymous

Re: Why tax the poorest 50% at all? [Re: silversoul7]
    #1246034 - 01/24/03 02:12 PM (14 years, 3 months ago)

How could I forget the war on drugs :/

As for military, I'm a war mongerer :P

And I don't like when poor people try to wash my windows with spit water.


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