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Subject: "4th Grade Math Lesson" This topic is locked.
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M2
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Sat Mar-05-05 08:34 PM

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12. "4th Grade Math Lesson"
In response to In response to 0


          

The top 5% of the Population have substantially more money to be taxed, so with a flat tax or a taxation system that is the reverse of what we have now, where higher income people paid a lower tax rate depending on the delta between the rates for the lower 95% income wise and the top 5%, the wealthy would STILL contribute a higher percentage of the total tax collected than the rest of the country.

For example: If people making over $125k (Threshold for top 5%) paid 15% in taxes and people making less paid 25% -

Someone earning $50k pays $12,500 in taxes and the person making $125k pays $18,750.00.

You've basically stated a basic mathematical fact that has ZERO to do with the difficulty of a particular income group to shoulder their share of the tax burden.

The issue is: "Which income group's standard of living would be improved the most by a tax cut"

Obviously, it's the people in the lower 95% of income earners - really the lower 80%, as anyone in the top 20% of income earners is upper-middle class.

Additionally, many of us "Liberals" are upper-middle class and are basically advocating increasing our own taxes, perhaps we'd rather not pay them, but perhaps we see a need to allocate the burden in a way that's more fair to our lower earning counterparts.

Finally, you need to look at the bigger economic picture:

Our country is propped up by foreign money as other countries keep buying our Bonds to make sure our nation has the money to buy their products. Unfortunately, the twin deficits (Trade & Budget) in addition to the negative savings rate amongst Americans, is pushing down the value of the dollar, hurting the yield on the bonds, thus making them less attractive to other countries as Investments.

Eventually, our Government is going to have to raise Interest rates substantially, balance the budget and raise taxes to keep the foreign money flowing in order to keep the country operating AND protect the dollar.

With rising Medicare Costs, the SS issue (regardless of how you view it) and the coming populations shift - the US is facing multiple economic threats.

Pointing out basic mathematics as far who contributes more of the nation's tax revenue is fatuous, when there are far bigger issues that will require some form of tax increase to solve, as any economic damage from the tax increase is better than the alternative.

Also - if the % of total taxes collected by the top 5% increases, it doesn't necessarily mean that their taxes were raised, you could do that via closing tax loopholes, (Which the State & Federal Govts are doing), cracking down on tax shelters or by shrinking the total tax revenue base in a way where the rich pay the same, or receive a substantially greater reduction then everyone else.




Peace,







M2







The Blog: http://www.analyticalwealth.com/

An assassinís life is never easy. Still, it beats being an assassinís target.

Enjoy your money, but live below your means, lest you become a 70-yr old Wal-Mart Greeter.

  

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the old tax burden [View all] , foxnesn, Mon Feb-07-05 12:21 PM
 
Subject Author Message Date ID
In order for your statement to be valid logically
Feb 07th 2005
1
RE: In order for your statement to be valid logically
Feb 07th 2005
3
Rich people aren't rich because they have a 9 to 5
Feb 07th 2005
2
Most people in the top 5% are the "Working Rich"
Mar 05th 2005
13
      mission accomplished. respect +
Mar 06th 2005
18
      are you blind?
Mar 07th 2005
24
           Elaborate (Again)
Mar 07th 2005
26
                RE: Elaborate (Again)
Mar 07th 2005
31
                     You don't understand what you read
Mar 07th 2005
32
                          there you go again...
Mar 08th 2005
36
You need to get off of that Rush Limbaugh shit.
Feb 07th 2005
4
RE: You need to get off of that Rush Limbaugh shit.
Feb 08th 2005
5
      RE: You need to get off of that Rush Limbaugh shit.
Feb 08th 2005
7
Are you one of the aforementioned rich folk?
Feb 08th 2005
6
lol n/m
Feb 08th 2005
8
lmao
Feb 08th 2005
9
      It's called 'being a community stakeholder'.
Feb 08th 2005
10
You like the flat tax concept?
Mar 05th 2005
11
once again
Mar 06th 2005
15
      Explain.
Mar 06th 2005
17
      Explain your position or shut-up
Mar 07th 2005
23
      lol
Mar 07th 2005
28
Have you been watching FOX again?
Mar 06th 2005
14
i see you are missing your brain again...
Mar 06th 2005
16
I weep for the rich
Mar 06th 2005
19
im not saying that
Mar 07th 2005
21
      who the fuck thinks that?
Mar 07th 2005
22
           i hear it ALL the time
Mar 07th 2005
25
                i agree with that / don't change the topic mid-stream
Mar 07th 2005
27
                     paging Mr. Literal...
Mar 07th 2005
29
the top 1% of U.S. citizens owns more wealth than the bottom 95%
Mar 06th 2005
20
Foxie is a broke-ass Expertise.
Mar 07th 2005
30
The Funny Thing
Mar 07th 2005
33
there's no argument to "try" to make.
Mar 07th 2005
34
      Answer
Mar 07th 2005
35
      bangs head against wall!!
Mar 08th 2005
38
      dude, you need to stop doing that
Mar 08th 2005
40
           this thread turned to pure shit
Mar 08th 2005
49
                here's the problem
Mar 08th 2005
50
      RE: Answer
Mar 08th 2005
42
      no, the "burden" doesn't continue to get bigger
Mar 08th 2005
39
      Show proof...
Mar 08th 2005
43
           grasp this concept
Mar 08th 2005
44
                you haven't shown anything yet.
Mar 08th 2005
45
                     that's ridiculous
Mar 08th 2005
46
                          I think that's what "burden of the taxes" means.
Mar 08th 2005
47
                               regardless of your interpretation
Mar 08th 2005
48
                                    its called a tax 'burden' for a reason
Mar 08th 2005
51
                                         absolutes vs. percentage
Mar 08th 2005
52
                                              RE: absolutes vs. percentage
Mar 10th 2005
55
                                                   *sigh*
Mar 11th 2005
57
                                                        stop putitng words in my mouth
Mar 11th 2005
59
      Umm you missed the point
Mar 11th 2005
56
um...
Mar 08th 2005
37
      And what might those issues be?
Mar 08th 2005
41
           RE: And what might those issues be?
Mar 08th 2005
53
                Wait. Isn't Ex a Libertarian?
Mar 08th 2005
54
Tax Burden is about the Individual
Mar 11th 2005
58
*knocks M2 off his high horse*
Mar 11th 2005
60
      You've obviously gone daft
Mar 11th 2005
61
           typical
Mar 12th 2005
62
                you mean the one where he says this:
Mar 12th 2005
63
                     for the last damn time
Mar 17th 2005
65
                          the plague, i tells ya.
Mar 17th 2005
66
                               RE: the plague, i tells ya.
Mar 17th 2005
67
                                    first post.
Mar 17th 2005
68
up
Mar 17th 2005
64

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