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Discussion in 'Around the Water Cooler' started by BlueRaiderFan, Jul 6, 2019.
60% of all wealth in the US is inherited.
wall street should not have gotten a bail out and foreign aid (kick-backs to congress) should not be given either.
I'd be happy if congress stopped lining their pockets with kickbacks
Not a reason to not do the right thing.
When congress (or how about AOC???) starts talking about removing the tax exempt status from the NFL, I'll believe they want to do the right thing... until then, I expect them to continue passing bad legislation that takes money out of our pockets.
The NFL is most likely lining Congressional pockets. AOC, and the rest of her ilk, ain't gonna say a thing.
Congress has been and continues to line the pockets of the wealthy, but the bubba brigade lets Faux News convince them that the wealthy need lower taxes. So, many go without insurance, proper vacation, etc. Keep drinking the koolaid.
What broke libs can't seem to understand is that the wealthy never have and never will pay taxes. The wealthy put people in office and take them out when they get out of line. Besides that, the politicians become wealthy while in office so they aren't gonna raise taxes on themselves.
It doesn't matter what the non-wealthy want or what they believe - the only thing that ever changes is the amount of money the non-wealthy pay in taxes.
Bull We had higher taxes on the wealthy pre Reagan.
We've never had high taxes on the wealthy... during the depression the highest bracket was 90% but the wealthiest were not paying that.
The super rich avoid high tax brackets. People who work for paychecks pay more taxes.
Not true. They haven't always gotten around it.
Super rich that do not work pay capital gains taxes, I disagree that the wealthy don't pay taxes. 90% of the rich are first generation rich which means they earned it. The numbers are plain to see...
What BRF fails to see is that the wealthy have choices and can move - such as all the folks leaving the Northeast for Florida. The other "truth" is that even when taxes were at much higher rates that didn't mean the govt took in more money - go back and look at the revenue increases into the treasury from personal taxes over time - its always increasing unless a recession hits.
But know this, the rich have NEVER paid more in actual dollars or % of dollars actually collected than they do now. So if the govt wants to keep squeezing them I wonder what will happen over time?
There are many ways to lower and/or avoid taxes. You only pay capital gains if you sell for profit - if you sell at all... you have off shore accounts, LLC, Nevada corps (set up by the mob) rule 1256, etc.
Heck, you can't buy a sick of gum without paying tax but the point is that the wealthy have never paid a tax rate that is equivalent to what the average worker pays and Congress will never truly raise taxes on the wealthy (there will always be plenty of shelters and loopholes) because they are wealthy too and they ain't gonna raise taxes on themselves.
Yes. The wealthy have paid more as a percentage in the past. You are both wrong.