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If rich people don’t pay taxes now, why would we be so against tax cuts?
Posted on 11/19/17 at 10:25 pm
Posted on 11/19/17 at 10:25 pm
Probably better suited for the poli board but I don’t feel like catching a disease.
The narrative is rich people exploit loopholes to pay nothing in tax. If that’s the case, then why are Dems so against tax cuts anytime they come up? If the rich already pay nothing, then cutting taxes would only benefit the middle class/poor.
I don’t feel like you can have it both ways.
The narrative is rich people exploit loopholes to pay nothing in tax. If that’s the case, then why are Dems so against tax cuts anytime they come up? If the rich already pay nothing, then cutting taxes would only benefit the middle class/poor.
I don’t feel like you can have it both ways.
This post was edited on 11/19/17 at 10:26 pm
Posted on 11/19/17 at 10:40 pm to Weagle25
I better not say, been banned for having a political opinion on here.
Posted on 11/19/17 at 11:35 pm to Weagle25
quote:
The narrative is rich people exploit loopholes to pay nothing in tax. If that’s the case, then why are Dems so against tax cuts anytime they come up?
Actually that's a reasonable point and the libs know it's a lie. This is a WSJ article from 2015 that says that the top 20% of earners pay 84% of income taxes: LINK
This post was edited on 11/19/17 at 11:36 pm
Posted on 11/20/17 at 12:14 am to GurleyGirl
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Actually that's a reasonable point and the libs know it's a lie. This is a WSJ article from 2015 that says that the top 20% of earners pay 84% of income taxes:
quote:
The individual income tax remains the most important levy in the U.S., providing nearly half of federal revenue.
It's like there is something like corporate taxes, their loopholes, and massive corporate welfare that shits on personal welfare...
Posted on 11/20/17 at 12:47 am to MoarKilometers
quote:
It’s like there is something like corporate taxes, their loopholes, and massive corporate welfare that shits on personal welfare...
Doesn’t surprise me one bit that this emotional creature that cries on the help board about a post that offended him is also a Trump hating unhinged liberal.



Posted on 11/20/17 at 7:21 am to MoarKilometers
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It's like there is something like corporate taxes, their loopholes, and massive corporate welfare that shits on personal welfare...
Double taxation is bullshite anyways. I really don’t see how that’s a counter either. Basically he’s saying they pay 84% of individual income taxes and you’re coming in saying “yeah but they are paying even more than that with corporate income taxes!”
But if you want to include all federal taxes:
quote:
Still, that analysis confirms that, after all federal taxes are factored in, the U.S. tax system as a whole is progressive. The top 0.1% of families pay the equivalent of 39.2% and the bottom 20% have negative tax rates (that is, they get more money back from the government in the form of refundable tax credits than they pay in taxes).
Posted on 11/20/17 at 7:54 am to Weagle25
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then why are Dems so against tax cuts anytime they come up?
They're not. They're against tax cuts that disproportionately favor the rich, at the expense of the lower and middle class.
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The narrative is rich people exploit loopholes to pay nothing in tax.
I've never heard that narrative, at least the pay nothing in tax part.
Posted on 11/20/17 at 8:08 am to Weagle25
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you’re coming in saying “yeah but they are paying even more than that with corporate income taxes!”
Corporations aren't people... so "they" aren't being double taxed.
Posted on 11/20/17 at 8:12 am to ZOU
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Doesn’t surprise me one bit that this emotional creature that cries on the help board about a post that offended him is also a Trump hating unhinged liberal.
Trump is/was a fricking shitbag democrat, well into his 50s. I actually own a small business, and have for 16 years. I wouldn't expect a "man" in his mid 20s, living at home, to understand these concepts.
Posted on 11/20/17 at 8:32 am to The Spleen
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They're not. They're against tax cuts that disproportionately favor the rich, at the expense of the lower and middle class.
Which circles back around to the point made in OP.
Any tax cut will disproportionately favor the rich because we have a progressive tax system. That’s why they spew that line all the time because they don’t want tax cuts and that’s how they justify it to people.
Everybody’s tax bill goes down under the plan being voted on now besides people who itemize (usually rich people) and people in high tax states.
They aren’t shifting the tax burden. They’re reducing tax revenue as a whole if everybody makes as much as they do now.
Posted on 11/20/17 at 8:36 am to MoarKilometers
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Corporations aren't people... so "they" aren't being double taxed
If I have to argue whether double taxation exists, then this conversation isn’t even worth having.
Posted on 11/20/17 at 8:45 am to The Spleen
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They're against tax cuts that disproportionately favor the rich
Such a lazy line of thought when you stop for two seconds and realize that in a system where the rich foot the lion's share of the tax bill, just about any legislation that lowers the overall tax burden will affect them disproportionately positively. As a matter of course.
Posted on 11/20/17 at 9:31 am to Weagle25
Dema are against tax cuts because it takes away from their spending programs.
Posted on 11/20/17 at 9:53 am to TbirdSpur2010
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Such a lazy line of thought when you stop for two seconds and realize that in a system where the rich foot the lion's share of the tax bill
Well, tax cuts are rarely just an equal, across the board reduction in the tax rate. And when I say disproportionately, I'm talking about a tax cut percentage. Obviously those that pay a higher tax bill will see a larger dollar value cut. The problem is when those are seeing a 5% cut, while the lower and middle class are seeing, say a 2% cut. And it's an even bigger problem when deductions and credits that are largely used by the lower and middle class are taken away in order to fund that 5% cut.
Posted on 11/20/17 at 9:59 am to The Spleen
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tax cuts are rarely just an equal, across the board reduction in the tax rate.
Never said they were. My point is actually that that won't be the case more often than not.
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Obviously those that pay a higher tax bill will see a larger dollar value cut.
And that is what most folks opposing said tax cuts latch onto, which is disingenuous.
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it's an even bigger problem when deductions and credits that are largely used by the lower and middle class are taken away in order to fund that 5% cut.
Now here's where we may find a modicum of common ground. On the one hand, the windfall does have to be offset somewhat. On the other hand, though, there does have to be a limit.
Would that that were the prevailing debate, though. Most opposing views I see just drop the "tax cuts for the rich" rhetoric without much context. Hence, my post about it being lazy.
This post was edited on 11/20/17 at 10:07 am
Posted on 11/20/17 at 11:12 am to The Spleen
quote:
The problem is when those are seeing a 5% cut, while the lower and middle class are seeing, say a 2% cut. And it's an even bigger problem when deductions and credits that are largely used by the lower and middle class are taken away in order to fund that 5% cut.
The deductions and credits used by poor people are increasing. The standard deduction goes up by 100%, as a matter of fact. Poor people don't use anything other than the standard.
Posted on 11/20/17 at 1:27 pm to Weagle25
The Dems aren't against tax cuts; they're against anything proposed by Reps
Posted on 11/20/17 at 2:38 pm to TbirdSpur2010
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I see just drop the "tax cuts for the rich" rhetoric without much context. Hence, my post about it being lazy.
Well to be fair, this OP's questions were rhetoric without much context and pretty lazy as well.
Posted on 11/20/17 at 10:44 pm to Weagle25
Liberals are against tax cuts for multiple reasons. One reason is bc they know tax cuts will improve the economy and hurt them during election season. They're also against tax cuts for the simple reason of propaganda. It's a brainwashing tactic, and it works pretty well with their voting base, which coincidentally is the least intelligent base.
Rich people who oppose tax cuts do so for the simple reason is most of them pay taxes through capital gains, and taxing income won't affect them.
Rich people who oppose tax cuts do so for the simple reason is most of them pay taxes through capital gains, and taxing income won't affect them.
Posted on 11/21/17 at 6:40 am to The Spleen
quote:
Well to be fair, this OP's questions were rhetoric without much context and pretty lazy as well.
I’m questioning rhetoric meanwhile you’re using more rhetoric to justify it. See the difference? Probably not.
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