People in AOC’s district are questioned on the amount of taxes the rich pay

It's one of the great lies in this country. "loopholes" and all this tripe about rich people not paying, but in fact the top 10% pay something like 2/3rd of the taxes. The bottom half federally pay actually no income taxes at all.

Blimey said:

It's one of the great lies in this country. "loopholes" and all this tripe about rich people not paying, but in fact the top 10% pay something like 2/3rd of the taxes. The bottom half federally pay actually no income taxes at all.

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I mean, if you just lie enough it makes it true, right? Literally. If the lie is repeated enough times people just believe it. Elizabeth Holmes is proof of that.

Most people are too ignorant to understand how taxation works. Billionaires are not paying income tax on million dollar paychecks. They are billionaires because of company stock. No one in this country pays income taxes on stocks they own. If we could rid the masses of the ignorance and focus on the issue, people might be charged up enough about the real issues to effect change. Does the average person understand stepped up cost basis? To me that is the real loophole that needs to be fixed. Oddly, that was specifically excluded in Bidens recent plan. Wonder why that is? As always though, the ignorance of the masses gets in the way of any meaningful discourse.

the GOVT would be really small like the founding Fathers wanted it .. and AOC would be back to bartending ..

libertysnake said:

I mean, if you just lie enough it makes it true, right? Literally. If the lie is repeated enough times people just believe it. Elizabeth Holmes is proof of that.

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It's a corollary of the Mandela effect.

Stuckinny said:

Most people are too ignorant to understand how taxation works. Billionaires are not paying income tax on million dollar paychecks. They are billionaires because of company stock. No one in this country pays income taxes on stocks they own. If we could rid the masses of the ignorance and focus on the issue, people might be charged up enough about the real issues to effect change. Does the average person understand stepped up cost basis? To me that is the real loophole that needs to be fixed. Oddly, that was specifically excluded in Bidens recent plan. Wonder why that is? As always though, the ignorance of the masses gets in the way of any meaningful discourse.

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The left's entire argument hinges on the masses not understanding the difference between wealth, money, and income.

Sure the rich have almost all the wealth. That's why they're called wealthy.

But the middle class has all the income.

Actual money isn't all that relevant on a long term basis if you're holding significant assets as money you're doing it wrong.

If the government stopped wasting what they stole from us we wouldn't need to even have these arguments. There would be plenty of money for actual U.S. citizens needs like road repair and upgrading our power grids. But no they want to give money to other countries and illegals that come here

The same people think corporations "pay" taxes. To them, I say quit your job and go to work for a poor person.

corps cheat on there taxes .. end of year coming .. tax time .. time to start tossing inventory in the trash .. for the tax write off ..
and there is nothing wrong with the items tossed in the trash .. ie .. brass fittings .. fan and alternator belts .. head light bulbs , tail light bulbs ..
air valves .. nuts and bolts .. the list goes on ..

Acer-m14 said:

corps cheat on there taxes .. end of year coming .. tax time .. time to start tossing inventory in the trash .. for the tax write off ..
and there is nothing wrong with the items tossed in the trash .. ie .. brass fittings .. fan and alternator belts .. head light bulbs , tail light bulbs ..
air valves .. nuts and bolts .. the list goes on ..

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Corps don't pay taxes.

At all, no matter what you do.

*All* taxes are paid by consumers. Everyone else just collects them from consumers for the government.

dsdmmat said:

it is not cheating if the law allows it.

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That's correct. The tax laws should be reduced to about 4-5 pages, eliminating all the crap that makes this sort of thing make sense.

jimc said:

That's correct. The tax laws should be reduced to about 4-5 pages, eliminating all the crap that makes this sort of thing make sense.

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Dare I say Flat Tax? Didn't Trump want to reduce tax forms to a postcard?

I think a lot of the ignorance surrounds "tax rate" as opposed to actual "tax dollars". The story is that Warren Buffet pays less in taxes than his secretary. The real data is that with all his write offs etc he pays a lower RATE than his secretary, but overall paid many millions of actual dollars more than her.

I am actually impressed with what was said. Up till now I'd thought the denizens of that district to be incapable of human speech.

Middle class taxation is definitely out of control. Personally, over half of the money my family takes in ends up going back to the government in one form or another - income taxes, social security, FICA, property taxes, sales taxes, fuel taxes, and the myriad of fees, licenses, and permits all add up to about 55% of my family's gross income. If you're middle class in NY, the same most likely applies to you.

...and that doesn't even count the indirect taxation. The increased prices we pay for everything we buy that can be traced back to government taxation of the business and/or its suppliers.

I don't know what the upper limit of "total taxation" should be, but I think anything even approaching 50% is insane. Meaning, we are already beyond insane.

So they want one way socialism?
That is the same as government sponsored slavery.

I can guarantee you that the increasing of IRS auditors are NOT going to be canvassing the 1% income earners who use accountants for their taxes!

I GUARANTEE!!!

The $$$ they're fishing for will come from the backs of the middle class who comprise that largest group and overall largest collection of income earners. Don't buy into their bullshit! It's the fucking little guy that is going to be paying for all this shit they're doing.

Doesn't matter about "fair share" that's all smokescreen for implementing their strategy for a zero sum game in regard to the $7 Trillion free spending debacle they're all swimming in right now. And they don't give a shit because the likes of Biden and Pelosi won't be alive to see the aftermath! So what the fuck do they care...? They don't...

And oh, wait for it... The auditors will be scouring bank records as well because of the change in reporting for financial institutions to report any $600 transaction to the IRS!!!

This is all an extension from Clinton and then Obama weaponizing the IRS in the past as a politburo agency to go after opponent political groups! And yeah, they were exposed and not a single person was terminated by the IRS..
Same for the Trump spygate... Not a single FBI will fall, no worries!

OwnTheRide said:

Middle class taxation is definitely out of control. Personally, over half of the money my family takes in ends up going back to the government in one form or another - income taxes, social security, FICA, property taxes, sales taxes, fuel taxes, and the myriad of fees, licenses, and permits all add up to about 55% of my family's gross income. If you're middle class in NY, the same most likely applies to you.

...and that doesn't even count the indirect taxation. The increased prices we pay for everything we buy that can be traced back to government taxation of the business and/or its suppliers.

I don't know what the upper limit of "total taxation" should be, but I think anything even approaching 50% is insane. Meaning, we are already beyond insane.

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Look at it in a twisted sickening way? Work for 40 years, you work 20 years for the government.

It shouldn't be how much the rich are paying as to how much is the government wasting to justify the taxes they want.