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Income Inequality

Boilerman
Boilerman
May 4, 2016
3:07am
Block User
It would take a 12% federal spending cut to balance the budget, assuming revenues are unchanged.


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Originally posted by: jatki99
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Originally posted by: Boilerman
I would support "across the board" spending cuts, including on the military. People will bitch, but running a constant deficit is not sustainable and, in fact, is certain to lead to financial disaster.

We need far more than a 1% cut, however.




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Originally posted by: hoops2
a few months ago I suggested a 1% across the board cut in all federal spending and pj almost had a stroke


I wouldn't mind a 3-5% across the board cut along with closing a few redundant agency's(don't ask which ones because I'm not sure) and a few unnecessary ones. The govt is bloated, has been and got a whole lot worse during and after the '08 meltdown. If I recall just about congressman stuck his/her own piece of pork in the stimulus bill. I wouldn't mind a few tax increases IF it's accompanied with reductions in spending. I think that's the only way to start chipping away at the budget. I also think if the govt. did this, it would be great for business, they'd look at it extremely positively.

Maybe if Trump gets in he may be able to do something about it, he is a pretty successful businessman. I'm almost certain if it's Hillary not only will she not cut anything but have a feeling there will be increases. Both in spending and taxes.


forkushV
forkushV
May 4, 2016
3:24am
Block User
Quote
Originally posted by: Roulette Man
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Originally posted by: forkushV
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Originally posted by: hoops2
If I remember correctly forky moved from the high tax state of California to the low tax state of Nevada, which is subsidized by the casino industry and tourists.

So forky isn't paying his fair share
The middle class in Nevada pays an overall state and local tax rate that is OVER FOUR TIMES what the top 1% pay.

The top 1% in Nevada are being subsidized by the middle class - big time.


This is the same bullshit argument that you offered in the past. The rich still pay more real estate taxes, sales taxes, etc. (per capita) than the middle class. It only makes up a lower portion of their gross income...
Meaning their total state and local tax rate for the 1% is less than one fourth of the middle class. Y'know, like I said.

Lets get specific:
10 Nevada families making a total of $400,000 ($40,000 x 10) pay a combined state and local tax of $26,400.
1 Nevada familly making $400,000 pays $5,600.

Let's agree to disagree Roulette Man. You think that's the way it should be. I say the game is rigged.
Boilerman
Boilerman
May 4, 2016
4:02am
Block User
Boiler believes in a quaint concept that able bodied Americans should pay their own way. Forkie believes that those being forced give to give him their money should be forced to give him more money.

Boiler believes that Forkie is what's wrong with America. There was good reason why only landowners were allowed to vote at one time, as such a society is financially sustainable. Today's America, where those who produce little can force the "Makers" to hand over ever increasingly more money, we're destined to eternally run deficits until the inevitable financial collapse happens.

Quote
Originally posted by: forkushV
Quote
Originally posted by: Roulette Man
Quote
Originally posted by: forkushV
Quote
Originally posted by: hoops2
If I remember correctly forky moved from the high tax state of California to the low tax state of Nevada, which is subsidized by the casino industry and tourists.

So forky isn't paying his fair share
The middle class in Nevada pays an overall state and local tax rate that is OVER FOUR TIMES what the top 1% pay.

The top 1% in Nevada are being subsidized by the middle class - big time.


This is the same bullshit argument that you offered in the past. The rich still pay more real estate taxes, sales taxes, etc. (per capita) than the middle class. It only makes up a lower portion of their gross income...
Meaning their total state and local tax rate for the 1% is less than one fourth of the middle class. Y'know, like I said.

Lets get specific:
10 Nevada families making a total of $400,000 ($40,000 x 10) pay a combined state and local tax of $26,400.
1 Nevada familly making $400,000 pays $5,600.

Let's agree to disagree Roulette Man. You think that's the way it should be. I say the game is rigged.


Roulette Man
Roulette Man
May 4, 2016
4:18am
Block User
Quote
Originally posted by: forkushV
Quote
Originally posted by: Roulette Man
Quote
Originally posted by: forkushV
Quote
Originally posted by: hoops2
If I remember correctly forky moved from the high tax state of California to the low tax state of Nevada, which is subsidized by the casino industry and tourists.

So forky isn't paying his fair share
The middle class in Nevada pays an overall state and local tax rate that is OVER FOUR TIMES what the top 1% pay.

The top 1% in Nevada are being subsidized by the middle class - big time.


This is the same bullshit argument that you offered in the past. The rich still pay more real estate taxes, sales taxes, etc. (per capita) than the middle class. It only makes up a lower portion of their gross income...
Meaning their total state and local tax rate for the 1% is less than one fourth of the middle class. Y'know, like I said.

Lets get specific:
10 Nevada families making a total of $400,000 ($40,000 x 10) pay a combined state and local tax of $26,400.
1 Nevada familly making $400,000 pays $5,600.

Let's agree to disagree Roulette Man. You think that's the way it should be. I say the game is rigged.


Let's dissect your argument a little further. 10 Nevada families making a total of $400,000 or $40,000 apiece and paying a total of $26,400 or $2,640 each, while the one family making $400,000 pays $5,600.

You just admitted in your example that the rich person pays twice as much.

By the way, the person making the $400,000 is probably going to live in a house worth a million or more. Assuming property taxes are at least 1% of FMV and probably more, the person would be paying at least $10,000 and probably more. The person making $400,000 is probably going to spend much more and I'm not talking about groceries, so they will pay much more in sales taxes.

forkushV
forkushV
May 4, 2016
6:38am
Block User
Quote
Originally posted by: Roulette Man
...10 Nevada families making a total of $400,000 or $40,000 apiece and paying a total of $26,400 or $2,640 each, while the one family making $400,000 pays $5,600.

You just admitted in your example that the rich person pays twice as much...
Yup. In Nevada, someone earning ten times as much only pays double the total state and local taxes. So the tax RATE of the top 1% is 80% lower than the middle class.

You know in medieval times and later they had "head taxes." Every peasant might pay a hundred pence, every merchant a hundred pence, and every duke a hundred pence. It's called an oligarchy and it sounds like your kind of place.
Roulette Man
Roulette Man
May 4, 2016
6:50am
Block User
Quote
Originally posted by: forkushV
Quote
Originally posted by: Roulette Man
...10 Nevada families making a total of $400,000 or $40,000 apiece and paying a total of $26,400 or $2,640 each, while the one family making $400,000 pays $5,600.

You just admitted in your example that the rich person pays twice as much...
Yup. In Nevada, someone earning ten times as much only pays double the total state and local taxes. So the tax RATE of the top 1% is 80% lower than the middle class.

You know in medieval times and later they had "head taxes." Every peasant might pay a hundred pence, every merchant a hundred pence, and every duke a hundred pence. It's called an oligarchy and it sounds like your kind of place.


Nice misleading spin. You first of all compare ten people to one person instead of one to one. Yet in your example the rich person is paying over twice the taxes and would more realistically own a more expensive house and car with that kind of income, meaning he would be paying 4 times or more greater.

Don't you feel sleazy when you try your tactics?
Boilerman
Boilerman
May 4, 2016
10:11am
Block User
As I see it, it comes down to Forkie currently getting lots of free shit from others, and now Forkie argues that he deserves more free shit. Does Forkie have any argument with this? assessment?
forkushV
forkushV
May 4, 2016
10:18am
Block User
Quote
Originally posted by: Boilerman
As I see it, it comes down to Forkie currently getting lots of free shit from others, and now Forkie argues that he deserves more free shit. Does Forkie have any argument with this? assessment?
In Nevada the top 1% pay about 1.4% of their income in total state and local taxes.
The middle class pays about 6.6% in total state and local taxes.

In view of that, isn't your question kind of silly?
Boilerman
Boilerman
May 4, 2016
10:34am
Block User
In a nutshell, does Forkie get more free shit than he pays for?


Quote
Originally posted by: forkushV
Quote
Originally posted by: Boilerman
As I see it, it comes down to Forkie currently getting lots of free shit from others, and now Forkie argues that he deserves more free shit. Does Forkie have any argument with this? assessment?
In Nevada the top 1% pay about 1.4% of their income in total state and local taxes.
The middle class pays about 6.6% in total state and local taxes.

In view of that, isn't your question kind of silly?


forkushV
forkushV
May 4, 2016
11:35am
Block User
Quote
Originally posted by: Boilerman
In a nutshell, does Forkie get more free shit than he pays for?...
What free shit? You mean like police and fire sevices? Like two government supplied free parking places in front of my home? A taxpayer funded stadium like Jeb's? Social Security that helped pay for Paul Ryan's education? Welfare like Rush Limbaugh once lived off of? The use of roads that gas taxes don't come close to paying for? Sidewalks?

Please be specific.
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