Thread: Trickle Down Economics Has Failed Us.....

Originally Posted by Red_Lizard2

We've gone through this 8 gazillion times, apparently you guys don't read others argument when this comes up. A flat tax is a regressive tax (unless you edit in a way to not be), as the money you take from someone earning 10,000 or 15,000 etc. (the lower end) hurts them more. i.e. a 20% tax on someone making 10k, would leave them with 8000 or 666.67 dollars a month for expenditures, and 1,000 a month for someone making 15k a year. a millionaire would have ~67k a MONTH to use for expenditures. In some states both would also have to pay another regressive tax (sales tax) for any purchases as well (which is mainly regressive as it includes things like food, clothes, etc. If it was more like a luxury tax it would become progressive (as people with lots of money are more likely to be buying "luxury" items).

On the opposite end, I've seen arguments (you can google it) made by some that a flat tax would end up being a progressive tax (mainly the proposals which start taxing at 40k for families etc.).

Then i guess we need to go thru this again.

Your arguement is a flat tax would leave people that make less money with less then someone that makes more money then they do? Have you not seen the reality of life? Thats how it works. The more you make the more you get to buy shit with. A flat tax would level the playing field. Meaning you pay 5% of your thousand dollars a month and the guy making 1 million is also chipping in his 5%. Of which is not what we having going on right now.

Originally Posted by dex71

Are you saying that DeathGod doesn't pay his fair share? Or are you just playing the money card again, because it worked so well last time?

As we all know, the more money you make, the more valid your opinion, and world views are.

Did you not read who he quoted when he made this response? It was very valid that he bring up that he is in the top tax bracket and has no problem with being taxed more. Did you not see where kraker ignorantly challenged him with his obligatory "What the fuck do you know about fair share in taxes?"....... I'm sure Trig enjoys all of you guys defending his bracket from having to pay higher taxes, but as you can see, he doesn't have a problem with it. And considering electricians, floor layers and back country deputy sherriffs aren't in the top tax bracket and you guys aren't corporations(which is the real subject of this thread), you have nothing to worry about regarding your taxes going up........

Originally Posted by Kraker Jak

Fair share? What the fuck do you know about fair share in taxes? This coming from a guy who supports taxing people who make alot of money more than people who dont make as much.

Fair share? Then flat tax *EDITED*

Originally Posted by triggerhappy2005

Unlike you, I'm in the top tax bracket and I pay my fair share to Uncle Sam.

BTW, this thread was made to talk about corporations and their ability to not pay taxes...... and not about "thum ther soshulistz is tryun to raze muh taxez!!!!!"........

Originally Posted by deathgodusmc

Then i guess we need to go thru this again.

Your arguement is a flat tax would leave people that make less money with less then someone that makes more money then they do? Have you not seen the reality of life? Thats how it works. The more you make the more you get to buy shit with. A flat tax would level the playing field. Meaning you pay 5% of your thousand dollars a month and the guy making 1 million is also chipping in his 5%. Of which is not what we having going on right now.

The argument is that, with a flat tax, you're effectively taxing the poor more. The poor have to spend a larger percentage of their income to survive. Let's say that there's a 5% sales tax. If a poor man spends 100% of his earnings to survive (as most of the poor do), then he's paying almost of his income in tax. On the other hand, a man making 200K per year may spend only 25% of his income on survival, investing or saving the rest. This man effectively pays about 6.25% tax on his income. If you apply a band-aid fix like making the first $X dollars tax free, then you're just shifting the burden up to the middle class.

Originally Posted by hawgballs

Did you not read who he quoted when he made this response? It was very valid that he bring up that he is in the top tax bracket and has no problem with being taxed more. Did you not see where kraker ignorantly challenged him with his obligatory "What the fuck do you know about fair share in taxes?"....... I'm sure Trig enjoys all of you guys defending his bracket from having to pay higher taxes, but as you can see, he doesn't have a problem with it. And considering electricians, floor layers and back country deputy sherriffs aren't in the top tax bracket and you guys aren't corporations(which is the real subject of this thread), you have nothing to worry about regarding your taxes going up........




BTW, this thread was made to talk about corporations and their ability to not pay taxes...... and not about "thum ther soshulistz is tryun to raze muh taxez!!!!!"........

You might want to take a step back when you think you know what people make. Up to the last couple years i made a lot more then you think as a floor layer. I would venture to guess a whole lot more then a chef. However a chef will never have the issues i've done to myself making that money.

Originally Posted by WickedTribe

The argument is that, with a flat tax, you're effectively taxing the poor more. The poor have to spend a larger percentage of their income to survive. Let's say that there's a 5% sales tax. If a poor man spends 100% of his earnings to survive (as most of the poor do), then he's paying almost of his income in tax. On the other hand, a man making 200K per year may spend only 25% of his income on survival, investing or saving the rest. This man effectively pays about 6.25% tax on his income. If you apply a band-aid fix like making the first $X dollars tax free, then you're just shifting the burden up to the middle class.

Your not taxg the poor more. One way or another you are going to pay taxes. The only difference i can see is you wont get a return come april. However if your one of those that rely on that return then your doing it wrong to begin with.

The arguement is a moot point. Your already paying taxes out of your check. In fact you could lower the tax rate with a flat tax because everyone would now have a set rate. So the poor would actually be bringing home more then they were before. Poor spending their income to survive is a reality no matter what kind of tax is set up that is at best a weak arguement. The tax didn't make them poor they already were ahead of time. The only person that can change that situation is the person themselve.

Originally Posted by deathgodusmc

Your not taxg the poor more. One way or another you are going to pay taxes. The only difference i can see is you wont get a return come april. However if your one of those that rely on that return then your doing it wrong to begin with.

The arguement is a moot point. Your already paying taxes out of your check. In fact you could lower the tax rate with a flat tax because everyone would now have a set rate. So the poor would actually be bringing home more then they were before. Poor spending their income to survive is a reality no matter what kind of tax is set up that is at best a weak arguement. The tax didn't make them poor they already were ahead of time. The only person that can change that situation is the person themselve.

It's like you don't even read the posts that you reply to. No. The poor won't be taking more home. In fact, in countries that have implemented flat taxes the average tax burden per worker is higher than in countries with progressive taxes.

http://www.langlophone.com/20100526_...le_flipped.pdf (caution, PDF)

But what does this have to do with a corrupt system that allows corporations to enjoy the benefits of business in our country, in many cases, at the expense of the American public, without paying any taxes? Does your flat tax address that issue?

Originally Posted by deathgodusmc

You might want to take a step back when you think you know what people make. Up to the last couple years i made a lot more then you think as a floor layer. I would venture to guess a whole lot more then a chef. However a chef will never have the issues i've done to myself making that money.

You make $250k a year? If you are in the top tax bracket and I have mistaken, then my bad. If you aren't in the top tax bracket and you aren't a corporation that makes billions yet pays zero, then I must ask, what is your point? Other than to say that you made a lot of money a couple of years ago which is more than what I take in now? But a couple of years ago I was IN the TOP tax bracket. So what?

Originally Posted by WickedTribe

But what does this have to do with a corrupt system that allows corporations to enjoy the benefits of business in our country, in many cases, at the expense of the American public, without paying any taxes? Does your flat tax address that issue?

No, but if you ask, I'm sure he'll be happy to compare what he made a few years ago to your paltry wages right now, and then declare himself king of the thread.....


lol