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  1. this replied to zork's topic in Cloak Room
    I ask you again, do you once and for all understand that AGI includes capital gains?
  2. this replied to zork's topic in Cloak Room
    What goes around comes around. I guess we're just quoting totally unrelated bullshit on here now since we're out of rebuttals.
  3. this replied to zork's topic in Cloak Room
    Listen dumbass, I concede that DESPITE that lower tax rate of a maxed out 20% on capital gains the one percent pays an EFFECTIVE tax rate of 27%. How does that occur? Its because the ones that earn their income in wages are paying a substantially higher effective tax rate. Comparatively, bottom fifty percent pays an effective tax rate of 3%. Learn something here, might help you some day to get out of life of dependency on others.
  4. No you're disingenuously claiming that UBI and free universal healthcare will replace SS, medicare and we can afford it all. You throwing a number around for UBI does not work for a budget. We spent $1.25 trillion in SS in 2015 We spent $985 billion on medicare in 2015 Now how much would your UBI cost and replace what part of our spending? How much would free healthcare cost and what and how would it raise or decrease our medicare spending? Keep in mind, the number of people on healthcare will increase substantially.
  5. this replied to zork's topic in Cloak Room
    I guess you do not know how to even read tables. That table includes income earned from ALL sources, long term, short term capital gains, wage income, etc. And despite that the average effective tax rate is 27%. Are you really that dumb or just pretending to be dumb. Taxpayers reported $10.14 trillion in adjusted gross income (AGI) on 141.2 million tax returns in 2015. Total AGI grew $434 billion from 2014 levels, less than the $675 billion increase between 2013 to 2014. There were 1.6 million more tax returns filed in 2015 than in 2014, meaning that average AGI rose by $2,261 per return, or 3.3 percent. Source: https://taxfoundation.org/summary-federal-income-tax-data-2017/ Now what does AGI include? Adjusted gross income, or AGI, is a person's total taxable income minus allowable tax deductions and personal exemptions. Taxable income includes all wages, salaries, tips, dividend and interest income and capital gains. These incomes comprise the "Income" portion of many IRS tax-return forms, including Form 1040A. The section following "Income" on Form 1040A is "Adjusted Gross Income," where filers make "adjustments" to their actual income by taking deductions, such as moving expenses and student-loan interest payments. Jimmy, your name is what your dad should've worn the day he created you. Can you even tie your own shoes?
  6. this replied to zork's topic in Cloak Room
    Have you learned that capital gains income is still income and included in the tax rate that I cite yet? Or are you carrying on with your ignorance troll?
  7. No we cannot. I did the math for you for the case I'm making that we cannot afford it. Why dont you show how much you think will cost for universal healthcare, UBI etc. by replacing SS, Medicare, etc and how you plan on funding it.
  8. Fine, why don't we add cash held by every single corporation in the S & P 500 and add it to 9.1 trillion(held by ALL the billionaires of the world) + $1.9 trillion = $12 trillion. Source: https://www.forbes.com/sites/timworstall/2017/07/19/us-corporate-cash-pile-1-84-million-says-moodys-doesnt-matter-a-darn-not-even-apples-stash/#73ff4d293374 Work the math based on that, it doesn't work for ALL the things you want such as UBI, universal healthcare, free college education on top what we already spend at $4.4 trillion. So even with an addition of another $2 trillion to our yearly budget it exhausts everything we have in 2 years. And the govt is known to function under budget all the time, are they not? LOL. I agree with you that we have the money to feed all Americans(even before raising taxes), we have the money to house all Americans(as long as they're willing) but we DO NOT have the money for all the other things DSAs are asking for. Some of the issues we face(that YOU highlighted so eloquently in your earlier posts) tells you that housing the homeless isn't a budget issue but a social issue at times due to their unwillingness for whatever reason. Despite wording it in many many different ways, badteammate refused to acknowledge because he thinks throwing money at problems solves all the problems. The problem is, as the above post illustrates, we don't have enough of it.
  9. LOL. That is exactly what your entire DSA movement sounds like. Its as if for them, 1+1 isn't = 2 but free pizza and beer with someone else's money! Allow me to do some basic math for you: Let's assume that not just one rich person is giving up his or her wealth(as in liquidating it which would have downstream wealth erosion due to the massive amount of influx of assets into the market, but for shits and giggles let's assume erosion doesn't occur and asset prices hold), but every American, Chinese, Indian and any other billionaire around world not just taxed but giving up every single penny they have tomorrow, August 2nd 2018. Total net worth: $9.1 trillion dollars. Current US 2019 budget: $4.4 trillion US 2019 budget with universal healthcare, free college education, homes for all, post homeless shelter care, post homeless shelter, job placement, UBI etc.: $9 trillion? Fuck it, let's keep the budget to be the same at $4.4 trillion. We will run out of that money in 2 years, then what? Go after wealth of every single millionaire(who are basically thousandaires now due to wealth erosion that occurred as discussed above)? Another 5 years, then? Go after the wealth of every single hundred thousandaire(<-- this is so inconsequential that it isn't even a word)? You get it... I hope. But but but all the spending will have to have some economic benefits no? It will have secondary economic growth but not enough to create value at preceding levels. Your whole movement is based on "tax the rich MOAR!!!" Without taking into account that its economically and financially unfeasible down the road.
  10. this replied to zork's topic in Cloak Room
    I'll answer that after you tell me why is it OK for the bottom fifty percent to pay only 3% effective rate and the top one percent pay 27% effective rate and yet you have dolts like you complain about them not paying their fair share?
  11. this replied to zork's topic in Cloak Room
    It INCLUDES capital gains. Despite capital gains' rate being maxed out at 20% the one percent still has an overall effective rate of 27%. So it tells you that all the others that aren't making money via dividends, etc. are paying a ridiculous rate of 30-40% effective rate on wage income for the overall effective rate to be at 27%. I'm not bitter about the tax, just pointing out the fallacy in your rhetoric that the ONE percent does not pay their fair share. The data proves otherwise.
  12. this replied to zork's topic in Cloak Room
    Yeah, your scenario would make sense if Bezos' effective rate was lower than the other 99 people. On earth though, what happens in reality is that the one percent's effective tax rate is 27% while the bottom 50% has an effective tax rate of 3%. Not only do the one percent pay much much higher tax in real dollars but also in tax rate. About 9 times as much as the bottom 50%. And yet you have idiots screaming about the one percent not paying their fair share. LOL. Source: https://taxfoundation.org/summary-federal-income-tax-data-2017/ Like I said, there's a reason you're not in the one percent. You just aren't very smart. Not even smart enough to read tables.
  13. this replied to zork's topic in Cloak Room
    Yes it includes capital gains. It includes every possible tax on INCOME there is. It does not include payroll taxes but half of them come from the employer(AKA the capital/rich/evil people) I'll just go ahead and post what I did in AOC's dumb "I want the rich to pay for everything" thread: Federal income tax(47%), Payroll tax(34%), Corporate income tax(9%) together account for 90% of ALL the federal tax revenue generated. If you consider the top 10% as "rich", they account for 70% of ALL the federal income tax (47 X 0.7 = 32.9%), half the payroll tax comes from employers AKA the rich according to you (34/2 = 17%), and of course all the corporate income earners (must be) the rich (right?) so 32.9 + 17 + 9 = 60% of all the federal tax revenue comes from the Top 10%. At the very least.  They take in 36% of all the income and account for more than 60% of ALL the federal tax revenue. For your benefit, here's the source: https://taxfoundation.org/summary-federal-income-tax-data-2017/ You think this is bullshit, take it up with them. Or you know, with math.
  14. this replied to zork's topic in Cloak Room
    I dislike Trump as much as you do but that does not take away from the this absolute FUCKING fact that 1% takes in 20% of the income and pays 40% of all the income taxes and yet the lolpoors claim that they don't pay their fair share. Especially when the bottom 50% of the country pays 2.75% of TOTAL income tax revenue. Which isn't even twice of what Apple as a company pays per year.
  15. this replied to zork's topic in Cloak Room
    Is that translation for I'm a pussy in poor people english?
  16. this replied to zork's topic in Cloak Room
    So...effective rate in single digits? Of course, you've been getting a great deal. Its the 1% that's subsidizing you and your family.
  17. this replied to zork's topic in Cloak Room
    I thought so, now run along.
  18. this replied to zork's topic in Cloak Room
    Relatively affluent? Quantify that for me will ya? What was your average effective tax rate for the last 3 years?
  19. this replied to zork's topic in Cloak Room
    He means 30-40 hours/week with high school or liberal arts college degree and still wants to see a doctor's compensation. Watch him avoid specifics, because as soon as you start talking in specifics he starts responding in one word answers.
  20. this replied to zork's topic in Cloak Room
    So can you. You can succeed as long as YOU want to succeed. If you want to do the bare minimum, fuck up at every chance you get and want to sacrifice nothing then you'll fail. And by fail I mean you'll still end up as a top 20% statistic in this world. Yeah, America sucks. LOL.
  21. this replied to zork's topic in Cloak Room
    LOL. Disagree. The only truth of the matter is even if you fail miserably in America, over and over, you will still fall amongst top 20% of world's population. Whatever else you've convinced yourself is a manifestation of your own biases. Stop.
  22. this replied to zork's topic in Cloak Room
    Agreed but failures call it a myth and use it as a shield as much as successful ones use it as a weapon. The truth is somewhere in the middle.
  23. this replied to zork's topic in Cloak Room
    But then you understand why I have no sympathy for someone who gets kicked off work for slacking and loses health insurance. Pull oneself by your bootstraps, also an American tradition.
  24. this replied to zork's topic in Cloak Room
    Yeah me too. Hypocritical no?
  25. this replied to zork's topic in Cloak Room
    I guess that's my general feeling based on an observation of demands like UBI, free college education, universal healthcare etc.
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