Who isn't paying "their fair share"?

[Ozoned]

Originally posted by: Jhhnn

Originally posted by: bfdd
Jhhnn, you can just look at the OECD report and get the data yourself. It's not like he is making bogus data.

I have. Data doesn't lie, it's just that liars use it for their own purposes.

top 10%? how convenient for the author. I'll agree that those in the 90th to 99th percentile pay relatively high federal income taxes. Why? because Reaganomics shifted much of the burden down onto them from higher up. They often pay higher rates than those making 100X the money.

The report fails to address *total taxes*, as well, making it susceptible to interpretations that are misleading. Taxes are taxes- it doesn't matter which govt entity receives them, they all cut into the citizens' bottom line. As the Feds provide less, proportionally, to the States and Munis, those entities have increased their own tax collections, often in regressive ways, which I've mentioned and linked earlier in this thread. Total taxation in the US is quite flat- even those in the bottom quintile pay ~19% of their income on taxes, while those with stratospheric incomes pay 33% or less, often a lot less.

Face it, Hodge is obviously well paid to make his benefactors look good, as are most other advocates of the failed theory of supply side economics.

Who benefits from tax cuts? obviously only those who receive them, in direct proportion to the taxes not paid. The rest is pure deception.

I gave my (2008) tax cut to a local homeless shelter project. I was not able to deduct it. Hopefully, when it opens, it will benefit a lot of people.

 

[Craig234]

Originally posted by: bfdd
Jhhnn, I'm not saying people don't get around paying their taxes, but fact is our taxes are pretty fucking progressive. If we did away with all the write offs and tax credits I think there would be a lot less complaining. TBH I'm in favor of a flat tax and I'm in favor of giving our government less money. They already fuck off the insane amount we give them already, what makes ANYONE think they're going to do better with more?

Not only is it not progressive enough, we're in a 25 year record period of shifting wealth to the rich.

US citizens' by wealth, increases in income after inflation the last 25 years:

These are estimated from memory, but closeenough for the point to be accurate.

1-80 %: flat (0%)
90-95%: ~10-25%
95-99%: ~25-50%
99.1-99.9%: ~100%
99.91-99.99%: hundreds of percent

The same dats another way, the top 1% before the great depression peaked about 5% of the nation's income - then went down to 1% for decades. Since 1980/Reagan, it's steadily climbed to now be higher than the last high in the 1920's, at 6%. Their ownership of the nation's wealth has similarlyskyrocketed.

By any measure, the 'progressive' tax system we now have - which has has been reducing the percent of taxes paid by the rich for a long time - has failed to tax the rich enough for the US balance of wealth to remain anywhere near the same, it instead has taxed the rich little enough that the rich have greatly increased their share of inocome and total wealth, the top taking all the economic gains in the country after inflation for 25 years.

Those facts speak a lot more loudly than the spin of a right-wing propagandist.

 

[Craig234]

Originally posted by: Ozoned

Originally posted by: Jhhnn
Who benefits from tax cuts? obviously only those who receive them, in direct proportion to the taxes not paid. The rest is pure deception.

I gave my (2008) tax cut to a local homeless shelter project. I was not able to deduct it. Hopefully, when it opens, it will benefit a lot of people.

Good foryou, but you are an exception, that's not at all representative.

Why couldn't you deduct the charitable donation, was it to an non-exempt lobbying group?

 

[Ozoned]

Originally posted by: Craig234

Originally posted by: Ozoned

Originally posted by: Jhhnn
Who benefits from tax cuts? obviously only those who receive them, in direct proportion to the taxes not paid. The rest is pure deception.

I gave my (2008) tax cut to a local homeless shelter project. I was not able to deduct it. Hopefully, when it opens, it will benefit a lot of people.

Good foryou, but you are an exception, that's not at all representative.

Why couldn't you deduct the charitable donation, was it to an non-exempt lobbying group?

There is a limit on the amount you can claim. You are right, it probably is not representative. Most people just buy stuff or invest, which does not benefit others. Right????