Americans Paid $90 Billion MORE In Taxes After Republican Tax Cut

[Flash]

According to their ability to pay, and it needs to be accepted that the poor have no ability to pay.

Progressive taxation is the only way a great country will have the revenue to distinguish itself from a mediocre country.

Our federal income tax rate is very progressive. And it should not be based on ability to pay but what is fair. A person should not be required to pay more because some congressman wants to keep a military base open in his district the military says is unnecessary, build a weapon system the military did not request, or pay for military ceremonies at NFL games just because he can afford to pay more.

[PoliTalker]

You mean wouldn't it be nice if somebody else paid for our college.

It is essentially free to many students today who get grants. A recent story said wealthy parents were giving custody of their kids to others so they qualified for grants.

One problem is colleges popping up like those you see advertised on TV which exist only because of federal grants and loans The college is free to the students who often do not complete their programs, get a poor education, and do not repay their loans. When government money is available some will find ways to take advantage of it. It is taking away from those who really benefit from it.

A better way would simply be to extend K-12 to K-16. It would pay for itself because more people would be getting higher education and earning more, which would generate more revenue and pay for itself.

[anonymoose]

The final numbers are rolling in from 2018 taxes, and so far Americans that aren’t in the top 1% of income earners paid an additional $90 billion in taxes last year. And that’s even AFTER the Republican’s tax scam bill took effect for the rest of us. We got hosed on this deal, and there’s no other way to say it.
Oh golly gee...what a surprise!

Makes sense with record low unemployment.

[PoliTalker]

Hello Flash,

Our federal income tax rate is very progressive. And it should not be based on ability to pay but what is fair. A person should not be required to pay more because some congressman wants to keep a military base open in his district the military says is unnecessary, build a weapon system the military did not request, or pay for military ceremonies at NFL games just because he can afford to pay more.

OK, just to be straight here, you object to the concept of progressive taxation? Meaning you are for a flat tax, everybody pays the same, rich or poor?

[Flash]

What JFK actually said was: "If the economy today were operating close to capacity levels with little unemployment, or if a sudden change in our military requirements should cause a scramble for men and resources, then I would oppose tax reductions as irresponsible and inflationary -- and I would not hesitate to recommend a tax increase, if that were necessary."

And then reduced the top rate from 91% to 77% to 70%.

[Truth Detector]

All that wage growth is skewed by growth at the top.
Take out the 1%'s wage growth and what does the picture look like?

^^FULL RETARD mode.

[Truth Detector]

You promised wage increases of at least $4,000.

LINK to that BULLSHIT you mental midget.

[Truth Detector]

Republicans do win votes by irresponsibly cutting taxes to the point that the deficit is approaching a trillion dollars.

LIE and LAME; tax cuts do not cause deficits. Your lying has reached pathological proportions asshole.

[Flash]

Hello Flash,

OK, just to be straight here, you object to the concept of progressive taxation? Meaning you are for a flat tax, everybody pays the same, rich or poor?

I didn't say I objected to the concept of progressive taxation. I said it is already very progressive. The effective rate of taxes paid increases as income increases. Those in the bottom 40% pay a negative rate because they get the Earned Income Tax Credit and those at the top over 20% effective rate. Those that make more pay more which is what progressive taxes are supposed to do.

I like the simplicity of a flat tax although the rate paid by all should not start until a person makes over $40,000 or so.

[PoliTalker]

Hello Flash,

I didn't say I objected to the concept of progressive taxation. I said it is already very progressive. The effective rate of taxes paid increases as income increases. Those in the bottom 40% pay a negative rate because they get the Earned Income Tax Credit and those at the top over 20% effective rate. Those that make more pay more which is what progressive taxes are supposed to do.

I like the simplicity of a flat tax although the rate paid by all should not start until a person makes over $40,000 or so.

Oh, OK, sort of a modified flat tax.

And no, I can't see how that would work very well at all. The rich pay much more of the revenue than the poor. What you're proposing would essentially strip away all the revenue generated by taxing the rich more than the middle. That revenue is absolutely vital for making our country great, so we can't really be great without it. We'd be quite mediocre. We would have to cut way back on government spending, which would translate into massive job loss, 2.1 million Americans employed by the government, so that would produce a lot of unemployment.

We're not collecting enough revenue as it is, which is extremely irresponsible during a strong economy, since it is impossible to increase revenue during a weak economy. Basically, the only time you can stock up on your hay reserves is while the sun is shining. That means the next recession is going to have a far greater impact on the debt than average because we didn't do that under Trump, we didn't prepare. We just spent.

[anatta]

All that wage growth is skewed by growth at the top.

Take out the 1%'s wage growth and what does the picture look like?

lies

Workers at the lower end of the pay scale finally are getting the most benefit from rising wages
https://www.cnbc.com/2019/03/13/work...ing-wages.html
For the first time during the recovery, lower-end earners are getting more of the benefit, according to a Goldman Sachs report.

[LV426]

Workers at the lower end of the pay scale finally are getting the most benefit from rising wages

BECAUSE OF THE MINIMUM WAGE INCREASES YOU STUPID ASSHOLE!

Lower end of the pay scale = minimum wage

So if you increase the minimum wage, you raise wages for workers at the lower end of the pay scale.

So your shitty tax cuts didn't case any wage increases for those at the bottom, minimum wage increases did.

[LV426]

And then reduced the top rate from 91% to 77% to 70%.

Cool! So 70% was the magic number, then! So I'm glad to see you support a top tax rate of 70% since that's what AOC, Sanders, and Warren have all supported.

Who knew Flash was actually a liberal socialist progressive!??

[Earl]

A better way would simply be to extend K-12 to K-16. It would pay for itself because more people would be getting higher education and earning more, which would generate more revenue and pay for itself.

Pay for your own children's college, Snowflake.

[Micawber]

how much longer with the GOP tout supply side economics and be taken seriously by the voters?

and how did Bush's 2 massive tax cuts for the wealthy go...…….guess they forgot to build those unneeded factories while crashing the economy

and let's not forget your namesake in this...