Political Forums  

Go Back   Defending The Truth Political Forum > Political Forum > Political Talk > Americas


Thanks Tree43Thanks
Reply
 
LinkBack Thread Tools Display Modes
Old August 20th, 2017, 02:54 PM   #21
Senior Member
 
Join Date: Jul 2014
Location: massachusetts
Posts: 8,628
Quote:
Originally Posted by Redrum View Post
Karl Marx said so.
Just about every economist said so...
goober is offline  
Old August 20th, 2017, 03:34 PM   #22
Celebrating diversity
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 21,906
Quote:
Originally Posted by goober View Post
It involves a concept called marginal utility .

The more money is involved, the less utility each additional dollar has.

This is illustrated by the example of a millionaire lighting his cigar with a $100 bill.

Or that the practical difference between no car and a $10,000 car, is far greater than the practical difference between a $10,000 car and a $50,000 car.
Or to fine tune the example, the difference between a $10,000 car and a $20,000 car is greater than the difference between a $20,000 car and a $50,000 car.

So a progressive tax system that takes less of the more valuable dollars, and more of the less valuable dollars, is less of a drag on the economy.
Wouldn't a flat % accomplish the same thing
Sabcat is offline  
Old August 20th, 2017, 03:41 PM   #23
Celebrating diversity
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 21,906
Quote:
Originally Posted by goober View Post
Just about every economist said so...
Just about every Keynesian economist.
Thanks from Jimmyb and caconservative
Sabcat is offline  
Old August 20th, 2017, 03:43 PM   #24
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: LA LA Land North
Posts: 25,789
Quote:
Originally Posted by Sabcat View Post
Wouldn't a flat % accomplish the same thing
No, because 10% from a bottom 20%er would dip into their living money while 10% from a top 20% might force them to leave Cannes a day earlier. Not equal impact.
RNG is offline  
Old August 20th, 2017, 03:50 PM   #25
Senior Member
 
Twisted Sister's Avatar
 
Join Date: Sep 2015
Location: Brown Township, Ohio
Posts: 10,451
Quote:
Originally Posted by skews13 View Post

Have I got a deal for you — Trust Me You’re Gonna Love it


The estate and gift tax exemption from federal income tax is currently $5.45 million per individual. So a married couple can give away 11 million without the recipients paying a dime in federal income tax on those gifts. www.forbes.com/... Must be nice.

The straw man in this argument is that family farms and farmers are hurt when children can’t inherit farms without having to sell land to pay inheritance taxes — but this is completely bogus. Estate planning and tax policy allowing gifts of nearly 11 million per means few ‘family farm’ should be hurt by these taxes. Billionaires on the other hand — might take a hit — as they should.

About 11,300 estate tax returns were filed for people who died in 2013, of which only 4,700 were taxable, less than 1 in 550 of the 2.6 million people who died in that year. For decedents in 2017 (with an exemption of $5.49 million), the Tax Policy Center estimates there will be only about 11,300 estate tax returns filed, of which 5,500 will be taxable. Estate tax liability will total $19.9 billion after credits. Tax Policy Center...

Within my lifetime, the marginal tax rate on the rich has gone from 91 percent, that was the tax rate owed on a person's income over $300,000 — to the current 28 percent federal-tax-rates.insidegov.com/... . The rich have had a long smooth and very profitable ride on the tax cut train. No wonder they donate big money to politicians, it pays reliable dividends year in and year out.


https://www.dailykos.com/stories/201...he-US-tax-code
What happens is roads become chuckhole infested. If you can't afford a Humvee buy a mule, a mule is sure footed but balk.
Twisted Sister is offline  
Old August 20th, 2017, 04:02 PM   #26
Celebrating diversity
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 21,906
Quote:
Originally Posted by RNG View Post
No, because 10% from a bottom 20%er would dip into their living money while 10% from a top 20% might force them to leave Cannes a day earlier. Not equal impact.
Not the "same impact"?

What is the desired "impact"?
Sabcat is offline  
Old August 20th, 2017, 04:13 PM   #27
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: LA LA Land North
Posts: 25,789
Quote:
Originally Posted by Sabcat View Post
Not the "same impact"?

What is the desired "impact"?
Achieving a balance that would cause wealth inequality to decrease without a draconian confiscation of assets.
Thanks from skews13 and Hollywood
RNG is offline  
Old August 20th, 2017, 04:14 PM   #28
Senior Member
 
Hollywood's Avatar
 
Join Date: Dec 2014
Location: Memphis, Tn.
Posts: 18,389
Quote:
Originally Posted by Sabcat View Post
Not the "same impact"?

What is the desired "impact"?
One thing at a time. You agree the impact is not at all equitable?
Hollywood is online now  
Old August 20th, 2017, 04:31 PM   #29
Celebrating diversity
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 21,906
Quote:
Originally Posted by RNG View Post
Achieving a balance that would cause wealth inequality to decrease without a draconian confiscation of assets.
Thanks for your honest reply but no thank you.

I would prefer less socialism not more.
Thanks from Redrum
Sabcat is offline  
Old August 20th, 2017, 04:40 PM   #30
Celebrating diversity
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 21,906
Quote:
Originally Posted by Hollywood View Post
One thing at a time. You agree the impact is not at all equitable?
I know it is a novel idea to you but you do not have to agree w/ a pov ot understand it.
Sabcat is offline  
Reply

  Defending The Truth Political Forum > Political Forum > Political Talk > Americas

Tags
billionaires, code, nothings, rewrite, tax



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
The billionaires who own America. GhostRider Americas 63 April 14th, 2017 10:38 AM
Rewrite the Constitution? goober Americas 234 November 18th, 2015 03:43 PM
Don't Let Corporations Rewrite Our Laws intangible child Current Events 10 January 9th, 2014 10:35 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.