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| Re: NYC Rail networks—bursting at seams? (1353226) | |||
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Re: NYC Rail networks—bursting at seams? |
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Posted by Nilet on Thu May 21 22:46:27 2015, in response to Re: NYC Rail networks—bursting at seams?, posted by Broadway Lion on Thu May 21 08:04:16 2015. You are the one with your head in the sand.OK, if you claim I'm ignoring the facts while linking to Rush Fucking Limbaugh, you need to warn me so I can shut off my irony meter. In any case, you clearly don't understand math. If the top 5% of earners pay 90% of taxes but receive 99% of the income, they are not paying their fair share. Moreover, the top 5% of earners do not pay 90% of all taxes— when you consider sales taxes, which are regressive and very common, the poorest people pay the largest share of their income in taxes. You also fail to account for absolute vs. disposable income. Suppose the cost of living is $11,000. Alice earns $12,000 and pays $1,000 in taxes. Bob makes $10,000,000 and pays $100,000 in taxes. Carol earns $10,000 and pays no taxes. Bob has paid the vast majority of all total tax revenue, but his tax rate is only about 1% of his disposable income. Alice has paid a very small minority of all total tax revenue, but her tax rate is 100% of her disposable income— after basic necessities are covered, everything goes to the state. As such, Alice has paid more than her fair share, and Bob considerably less. Meanwhile, since Carol doesn't have enough money to cover basic necessities, even paying no taxes is more than she should— Carol will need money from the state to make things fair (at least until the state requires her boss to pay a living wage). If you drop those earning under 70,000, the government would never miss them, AND we would not hear all of this clap-trap about the "RICH-not-paying-their-way" What "clap-trap" are you referring to? It is an objective fact that the rich do not pay their fair share. In fact, a majority of the rich didn't even earn any of their money to begin with— most "rich people" are just aristocrats by another name, living on inherited riches (ie, welfare). My plan, plus the elimination of all exemptions, deductions and loopholes will bring in far more revenue than you are getting now... Your plan cuts taxes considerably, bringing in less revenue. ... what with people jumping from loophole to loophole and moving the bulk of their monies off shore. You can simply close the loopholes. I'm pretty sure hiding money offshore is already illegal to begin with. |
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