[quote]countingbeans wrote:
[quote]Zeppelin795 wrote:
The more wealth distribution the better for the majority.[/quote]
How about no. The simple fact is wealth is earned not distributed in America. If you have a problem with what we as a citizenry reward, than take it up with the citizens, but you are wrong, because we don’t distribute wealth here.
We give lower income people money to live on, and that is in fact distribution, but that isn’t enough to be remotely close to wealth, and was never intended
We’ve been through this before, your appeal to authority isn’t going to work this time again. You don’t understand the IRC enough for this statement to carry any weight.
http://www.nizkor.org/features/fallacies/appeal-to-authority.html
But for shits and giggles:
- Please explain the difference between marginal rates and effective tax rates
- Please show a graph showing effective rates across these eras
- Please explain the changes to the IRC in 1986
- Then please reconcile the rates and collection across that line
- Please speak at length the effect on tax collection and incomes of such things as subchapter S corporations and LLC’s
When you are done with these, I’ll have a few more areas that you’ll have to explain before your false characterization and simplification of a larger and more complex issue will be fully shown to be as false as it is.
“We’ve has” tax cuts for everyone over the last 12 years, everyone. But nice try at cherry picking details.
[quote] I don’t have to quote conservative buffoons to try and make someone believe my ideology I can just point to the empirical evidence of history. Truth doesn’t lie.
[/quote]
Correct, truth doesn’t lie, and you don’t have to quote buffoons. But you haven’t actually posted any truth, and you my friend are quickly showing yourself to be the buffoon, particularly when it comes to discussions on basic economics and taxes. [/quote]
The Nizkor project sounds a lot like you!
Effective tax rates are what one actually pays. Nominal or marginal is the tax bracket.
In 1986 the tax rate was restructured going from a 14 tier to a 2 tier. Eventually phasing out the 33% tax bracket.
Here is a study done to show the low level of taxation on the wealthy in the U.S. over the last century. All info taken from the left-wing GAO: http://pdflike.com/read.php?url=http://www.americanprogress.org/wp-content/uploads/issues/2011/06/pdf/low_tax_graphs.pdf
Cherry picking? You act as if the middle class benefitted as the wealthy have. The percentage increase in after-tax income tilts greatly in the favor of those who make over 1MM per year.
If truth doesn’t lie then why are the austerity measures in Europe plundering them into a depression yet Ecuadors stimulus is causing them to get out of the economic doldrums? This empirical observation flies in the face of conservative economics. Yet it is happening right before our eyes. What could be going on? One does not need to know the intricacies of taxation on on S-corp or C-corp or LLC’s to see what is going on around them.