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Reply to "Elizabeth Warren"
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[quote=Anonymous][quote=Anonymous][quote]Anonymous wrote: Well, the top 1% are paying 40% of the federal income tax. The top 5% are paying 60% of the federal income tax, and the top 10% are paying 70%. This is why I will not vote republican.The statement shows the utter contempt the republicans have for the American people. Yes someone who make 100 million a year will pay more in taxes the someone who make 100k. 100,000,000 x .15 = 15,000,000; 100,000 x .35 = 35,000. So what dollar amount do you want everyone to pay? PP here. I don't see why this shows utter contempt (or any contempt). It was in response to E. Warren's sort of suggestion that the top earners are not "paying foward". They are. Maybe there is a better way to appeal to the upper incomes than by suggesting they aren't paying their "fair share" or are not "paying forward". It's a nice strategy to divide the country, though. Let me say this another way. I think to suggest that someone paying a lot of taxes is not paying a "fair share" shows utter contempt for those people. That is why I will not vote democratic (today).[quote] Oh I see now. Taxing someone making millions of dollars a year at 15% and taxing another person who make 100k a year at 36% is everyone paying their "fair share". Why do you think the top 1%’s share of federal income taxes has increased to 40% despite many tax cuts? Top 1% takes home 18% of all earned income. It is contemptible to say the top 1% are paying their "fair share". (This is just federal income tax which, so the 40%, 60%, 70% are really bullshit numbers) [/quote] If you don't like the fact that someone making millions is taxed at 15% because all the income is taxed as capital gains, then why not open up a dialog on what the capital gains tax ought to be? That seems better than charging someone with not paying a fair share. But please be aware that little old me will hope to take advantage of lower taxes on capital gains when I retire. Me and a whole bunch of other people also. But since you brought up that example, you seem like someone that ought to go for a flat tax. The top 1% pays about 40%. I don't think that. It is fact. I agree about this being federal income tax...that's why I said....federal income tax. The numbers are what they are. If they don't fit your dumbass narrative, I guess you can call them BS.[/quote]
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