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amRam
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21 - 03-31-2019, 11:39
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Quote:
Originally Posted by Amadeus View Post
What's the figure on how much that top 5% earn?
$197k+
 
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Plasmatic
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22 - 03-31-2019, 11:40
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Maybe 1970 wages would buy the same amount of goods and services if a private bank didn't keep reducing the value of currency. But that's another thread Goshin..
 
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Amadeus
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23 - 03-31-2019, 11:40
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Originally Posted by amRam View Post
$197k+
I mean, compared to the 60% of all income tax they pay, what % of all income do they earn?
 
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Fool
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24 - 03-31-2019, 11:42
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Originally Posted by Amadeus View Post
I mean, compared to the 60% of all income tax they pay, what % of all income do they earn?
28.1%
 
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Goshin
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25 - 03-31-2019, 11:44
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we're basically in a new gilded age but this time the oligarchy has successfully beaten the idea of unions out of the majority of workers. and they can make their manufacturing money on the backs of 'slaves' in the third world for the most part

its super cool!
 
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Plasmatic
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26 - 03-31-2019, 11:44
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At what point would a top earner pack up and leave Amadeus? Oh wait, we already know because it's already happened in the ****tier states. Chicago and other cesspools even have 'exit' taxes in place for property sales over a set amount.
 
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Vir
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27 - 03-31-2019, 11:45
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suddenly cheeseburgers start costing 50 dollars each
 
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-SS-
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28 - 03-31-2019, 11:46
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Quote:
Originally Posted by Plasmatic View Post
The founding fathers knew 20% of the population produces 80% of everything, it's why we are a republic. We have the electoral college so the 80% doesn't help themselves to what the 20% has. The Liberals are trying to change the balance by flooding the ballot boxes with illegals and anything else they can.
You must spread some Reputation around before giving it to Plasmatic again.
 
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-SS-
VeteranXV
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29 - 03-31-2019, 11:49
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the sheer idiocy of stealing property from the producing class to subsidize the recipient class is an anathema to anyone who values their property Rights.

go **** yourself you mooching pieces of **** and earn your own living or die off.

pick one.
 
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Fool
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30 - 03-31-2019, 11:49
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Do I get more than 12k for living in a really expensive area?
 
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amRam
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31 - 03-31-2019, 11:56
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Quote:
Originally Posted by Amadeus View Post
I mean, compared to the 60% of all income tax they pay, what % of all income do they earn?
Oh. They earn 35% of all income.
 
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Amadeus
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32 - 03-31-2019, 12:37
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Quote:
Originally Posted by Fool View Post
28.1%
Quote:
Originally Posted by amRam View Post
Oh. They earn 35% of all income.
Time to cite some sources methinks.
 
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Amadeus
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33 - 03-31-2019, 12:39
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Quote:
Originally Posted by -SS- View Post
the sheer idiocy of stealing property from the producing class to subsidize the recipient class is an anathema to anyone who values their property Rights.

go **** yourself you mooching pieces of **** and earn your own living or die off.

pick one.
Are you opposed to multiple tax brackets?
 
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Fool
Whiny BitchX
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34 - 03-31-2019, 12:41
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Quote:
Originally Posted by Amadeus View Post
Time to cite some sources methinks.
What difference would it make to your inevitable argument? Take it as 32% and call it a day.
 
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amRam
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35 - 03-31-2019, 12:50
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Quote:
Originally Posted by Amadeus View Post
Time to cite some sources methinks.
I didn't think this was some big secret... But ok
Summary of the Latest Federal Income Tax Data, 2018 Update

IRS
SOI Tax Stats Individual Income Tax Rates and Tax Shares | Internal Revenue Service

IRS PDF
https://www.irs.gov/pub/irs-soi/soi-a-ints-id1801.pdf
 
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Last edited by amRam; 03-31-2019 at 12:53..
Fool
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36 - 03-31-2019, 12:51
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I'll go with that instead, mine was a source that only included wages and not all income
 
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amRam
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37 - 03-31-2019, 12:56
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There's no fairness in taxes. The more you make, the more you pay... In actual dollars, as a percentage tax rate, and as a percentage of the total taxes paid to the gov. The top 10% basically pay for EVERYTHING.
 
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Brasstax
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38 - 03-31-2019, 12:58
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Part of the answer is that people in the US need to recognize how good they have it and be happy with less. If you want more, raise your game, start a business, figure it out.
 
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Amadeus
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39 - 03-31-2019, 13:16
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Quote:
Originally Posted by amRam View Post
There's no fairness in taxes. The more you make, the more you pay... In actual dollars, as a percentage tax rate, and as a percentage of the total taxes paid to the gov. The top 10% basically pay for EVERYTHING.
Because the top 10% make all the money.

If I make $1, and you make $100, and we both pay 10% tax, I'll pay 10 cents and you'll pay $10. You'll have paid more in actual dollars, and even though you're only 50% of the population, 99% of taxes came from you.

Is that unfair?
 
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amRam
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40 - 03-31-2019, 13:19
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Quote:
Originally Posted by Amadeus View Post
Because the top 10% make all the money.



If I make $1, and you make $100, and we both pay 10% tax, I'll pay 10 cents and you'll pay $10. You'll have paid more in actual dollars, and even though you're only 50% of the population, 99% of taxes came from you.



Is that unfair?
The top 10% make less than half of "all the money" and they contribute 70% of all income tax.
 
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