my connection with the tea party
#11
(07-17-2011, 05:16 AM)GhastMaster Wrote: I'm not sure I would agree that their core issue is correct. Yes, we need to cut spending, but at the same time, we have to increase revenue. The fact that you have a large number of the top 2% income earners in the US saying that they should be paying more in taxes is incredible that the Tea Party is so blantantly going against what they say on taxes. I saw an article from the WSJ a couple months back that looked at the amount of taxes paid by the top 2% as a function of what percentage of income they pay against what percentage of income the middle class (those making $25k to $75k for a family of four per year) and the top 2% were paying between 18% and 22% of their income in taxes where as the middle class was paying between 25% and 28%. As it goes, the fact that the Tea Party, and the Republicans as a whole, can't recognize that taxes have to be raised against this top 2% (and, as I said, a number of the top 2% are boggling over why their taxes aren't higher) is astounding.


I think you are referring to taxes other than that on income. Sales tax, gasoline tax, property tax, and various other taxes do end up consuming a larger percentage of a persons gross income when they make less. Income tax on the other hand is(should be, IMO) simply(or not) a percentage of your income no matter what amount you gross.

Lower earners do have the option of not consuming products and avoiding sales tax. That would mean they would have to make everything on their own(or black market purchases). They do not have to buy gasoline and can avoid that tax. The list can go on and on.

Not every low wage earner pays a higher percentage. Some must pay a negative percentage, considering all the welfare programs that exist.

I like turtles.

And what planet, sir, do YOU live on? Cause it ain't the same one I'm from. Yours sounds wonderful, I'd like to visit sometime.


(07-17-2011, 02:54 PM)Lissa Wrote:
(07-17-2011, 05:16 AM)GhastMaster Wrote: I think you are referring to taxes other than that on income. Sales tax, gasoline tax, property tax, and various other taxes do end up consuming a larger percentage of a persons gross income when they make less. Income tax on the other hand is(should be, IMO) simply(or not) a percentage of your income no matter what amount you gross.

Nope, I am not. The WSJ was speaking specifically about income taxes alone. Most people don't realize the various tax rates at various income levels. The income tax rate on dividend income is 15%. Now, if you look at the top 2%, some take in a very large percentage of their income through stock dividends. Warren Buffet in fact takes in so much dividend income each year that he pays around 16% to 17% of his total income per year as taxes.

(07-17-2011, 05:16 AM)GhastMaster Wrote: Lower earners do have the option of not consuming products and avoiding sales tax. That would mean they would have to make everything on their own(or black market purchases). They do not have to buy gasoline and can avoid that tax. The list can go on and on.

How do you expect the low income earners to get an income if they live outside a metropolitan area? I don't know if you've ever lived out in a rural area, but the average pay in rural areas is much, much lower than cities (most rural living people think that if you pull in $50k/year you're rich where as $50k/year in a metropolitan area is relatively normal). Low income earners have to buy a car, they have to buy gas, otherwise they don't have much chance to survive as there is no public transportation in a rural area. You simply cannot get by without buying something that requires you to pay sales tax in some way.

(07-17-2011, 05:16 AM)GhastMaster Wrote: Not every low wage earner pays a higher percentage. Some must pay a negative percentage, considering all the welfare programs that exist.

I like turtles.

Have you ever had you income low enough to require those services? As a college student I was placed into the hospital after being forced into a parked car while riding a bike. I didn't have the money for that hospital stay, nor the surgery to put my shoulder back together. If it weren't for programs like that, my right arm would be mostly useless for lifting anything of semi descent weight (I could lift a gallon milk/water jug, but anything above that in weight wasn't likely).

And as a final comment, consider this:

the top 400 income earners in the US bring in as much income a year as the bottom 150,000,000 (50% of the total population). 0.0003% at the top makes as much as the bottom 50%.

Careful Lissa, the capitalists of the board are likely to shoot that last comment down as being false (even though its not) or as being communist Smile I mentioned that statistic before in another thread previously.

Anywhoo, outside of the 2nd Amendment and this survival issue should things get hairy, I don't think there is a single core issue that the Tea Party and Republican Party in general has that I agree with. They are completely out of touch with the needs of the middle and working class, and I don't need to mention the poor. Ironically, most laymen Tea Baggers themselves are working class, yet somehow its imbedded in their minds that Wall Street goons are their best friends. Go figure. False consciousness and mainstream propaganda ftw!
https://www.youtube.com/user/FireIceTalon


"Your very ideas are but the outgrowth of conditions of your bourgeois production and bourgeois property, just as your jurisprudence is but the will of your class, made into law for all, a will whose essential character and direction are determined by the economic conditions of the existence of your class." - Marx (addressing the bourgeois)
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Messages In This Thread
my connection with the tea party - by eppie - 07-16-2011, 07:11 AM
RE: my connection with the tea party - by LavCat - 07-16-2011, 07:58 AM
RE: my connection with the tea party - by shoju - 07-16-2011, 04:09 PM
RE: my connection with the tea party - by Frag - 07-17-2011, 01:27 AM
RE: my connection with the tea party - by Lissa - 07-17-2011, 03:11 AM
RE: my connection with the tea party - by DeeBye - 07-17-2011, 05:05 AM
RE: my connection with the tea party - by --Pete - 07-17-2011, 06:38 AM
RE: my connection with the tea party - by Lissa - 07-17-2011, 02:54 PM
RE: my connection with the tea party - by FireIceTalon - 07-17-2011, 08:36 PM
RE: my connection with the tea party - by Maitre - 07-18-2011, 12:42 AM
RE: my connection with the tea party - by --Pete - 07-18-2011, 01:33 AM
RE: my connection with the tea party - by Nystul - 07-17-2011, 04:11 PM
RE: my connection with the tea party - by Frag - 07-17-2011, 11:50 PM
RE: my connection with the tea party - by DeeBye - 07-18-2011, 03:22 AM
RE: my connection with the tea party - by --Pete - 07-18-2011, 04:26 PM
RE: my connection with the tea party - by --Pete - 07-18-2011, 11:22 PM
RE: my connection with the tea party - by Jester - 07-18-2011, 05:40 PM
RE: my connection with the tea party - by --Pete - 07-18-2011, 06:20 PM
RE: my connection with the tea party - by Jester - 07-18-2011, 10:21 PM
RE: my connection with the tea party - by Jester - 07-19-2011, 05:00 PM
RE: my connection with the tea party - by DeeBye - 07-20-2011, 04:17 AM
RE: my connection with the tea party - by --Pete - 07-18-2011, 02:04 PM
RE: my connection with the tea party - by DeeBye - 07-18-2011, 04:49 AM
RE: my connection with the tea party - by --Pete - 07-18-2011, 05:16 AM
RE: my connection with the tea party - by eppie - 08-07-2011, 07:21 AM
RE: my connection with the tea party - by --Pete - 08-07-2011, 11:12 PM
RE: my connection with the tea party - by eppie - 08-09-2011, 07:59 AM
RE: my connection with the tea party - by Zenda - 08-08-2011, 12:25 AM
RE: my connection with the tea party - by Jester - 08-09-2011, 10:47 AM
RE: my connection with the tea party - by Zenda - 08-13-2011, 12:02 AM
RE: my connection with the tea party - by Zenda - 08-13-2011, 01:59 PM
RE: my connection with the tea party - by Jester - 08-13-2011, 06:01 PM
RE: my connection with the tea party - by --Pete - 08-13-2011, 07:54 PM
RE: my connection with the tea party - by Zenda - 08-14-2011, 12:04 AM
RE: my connection with the tea party - by Zenda - 08-14-2011, 01:43 PM
RE: my connection with the tea party - by DeeBye - 08-15-2011, 03:29 AM
RE: my connection with the tea party - by eppie - 08-15-2011, 09:04 AM
RE: my connection with the tea party - by eppie - 08-08-2011, 12:18 PM
RE: my connection with the tea party - by Jester - 09-25-2011, 12:36 PM
RE: my connection with the tea party - by Jester - 09-25-2011, 02:39 PM
RE: my connection with the tea party - by eppie - 09-26-2011, 07:52 AM
RE: my connection with the tea party - by Jester - 09-25-2011, 01:26 PM
RE: my connection with the tea party - by Jester - 09-25-2011, 04:37 PM
RE: my connection with the tea party - by Jester - 09-25-2011, 08:18 PM
RE: my connection with the tea party - by DeeBye - 09-26-2011, 02:29 AM
RE: my connection with the tea party - by Jester - 09-26-2011, 12:48 PM
RE: my connection with the tea party - by Jester - 09-26-2011, 02:20 PM
RE: my connection with the tea party - by Jester - 09-26-2011, 03:34 PM
RE: my connection with the tea party - by Jester - 09-26-2011, 03:50 PM
RE: my connection with the tea party - by Jester - 09-26-2011, 04:31 PM
RE: my connection with the tea party - by Jester - 09-26-2011, 05:36 PM
RE: my connection with the tea party - by eppie - 09-26-2011, 06:48 PM
RE: my connection with the tea party - by Jester - 09-26-2011, 11:21 PM
RE: my connection with the tea party - by Jester - 09-26-2011, 11:41 PM
RE: my connection with the tea party - by eppie - 09-27-2011, 08:29 AM
RE: my connection with the tea party - by eppie - 09-27-2011, 10:46 AM
RE: my connection with the tea party - by Jester - 09-27-2011, 03:06 PM
RE: my connection with the tea party - by Jester - 09-27-2011, 03:44 PM
RE: my connection with the tea party - by Jester - 09-27-2011, 04:18 PM
RE: my connection with the tea party - by Jester - 09-27-2011, 04:39 PM
RE: my connection with the tea party - by Jester - 09-27-2011, 05:21 PM
RE: my connection with the tea party - by Jester - 09-27-2011, 09:31 PM
RE: my connection with the tea party - by eppie - 09-27-2011, 03:58 PM
RE: my connection with the tea party - by Zenda - 09-27-2011, 04:12 PM
RE: my connection with the tea party - by Tris - 10-05-2011, 03:08 AM
RE: my connection with the tea party - by LavCat - 10-05-2011, 06:36 AM
RE: my connection with the tea party - by eppie - 10-05-2011, 07:54 AM
RE: my connection with the tea party - by eppie - 10-06-2011, 07:57 AM

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