"globally, the tipping point in effective tax rates is somewhere around 40%."

So we could tax our rich people a whole lot more.

No idea what you mean by "perform so well." Perform what?
Tax revenue collection.
#72 | Posted by madbomber

VAT performs well as collection for the same reason the sales tax does.

Every cashier is also working for the state as a tax collector.

It's easy, and it's regressive, since a fixed tax rate means it costs you and me a greater slice of our respective pie compared to Elon Musk.

Then the JCT calc is realistic, because that's not income, it's debt.
#83 | Posted by sitzkrieg

It's both.

Why the Rich Borrow Money: Understanding Leverage in Wealth Building
...
2. Tax Advantages: Making Debt Work for You

The wealthy understand that debt can be a tax-efficient tool. In many countries, interest payments on certain types of loans (like mortgages or business loans) are tax-deductible, reducing taxable income.

For instance, consider how billionaires use securities-backed loans"borrowing against their stock holdings instead of selling them. This way, they:

" Avoid capital gains tax on stock sales.

" Continue benefiting from the appreciation of their assets.

But to assess everything? The TVs? The X-Boxes, the ski boats?
It might get a bit cumbersome.
#90 | Posted by madbomber

No more cumbersome than drawing up an insurance policy on all those assets.

So no, it's not cumbersome.

Your comment wasn't even an eighth grade reading level response. Maybe sixth.

"How about we start taxing the uber-wealthy who have, for the past 40 years..."
It's already happening.
#87 | Posted by madbomber

And yet they keep getting richer.

There's clearly significant headroom to tax them even more.

We should tax everyone, in rough proportion to their wealth.

I don't see who could argue that's an unfair starting point.

The value of one's assets, whether investments, or property, or cars, or TV sets, or whatever-it's always changing.
And over time, the tax would eat through the wealth until there was nothing left.
#85 | Posted by madbomber

But suddenly, all this doesn't this apply when the taxes asset switches to labor?

Hahahahaha!!!!

"You would need to convert them into cash, and the cash value of those assets is always changing."

So... how do they tax houses?

Just tell us how and you'll figure out how to tax other non liquid assets.

Can you do that for us, or are you really just here because there's more tears for the rich you need to spill?

"All income taxes do is disincentive go through the steps necessary to earn income."

Great. Replace it with a wealth tax then. That would be even more fair.

"The top 1% of income earners had an average tax rate"

Those words are not found in your linked article.

But they are found in Table 1, Summary of Federal Income Tax Data.

You're lying, when you compare Federal income tax rate to Federal tax rate.

You've been telling this lie for well over a decade now.

Perhaps you have brainwashed yourself so effectively you can't even tell you're lying?

"This is why VATs perform so well. They are evenly applied to all consumers, rich or poor."

^
That means it's regressive.

No idea what you mean by "perform so well." Perform what?

"Would you rather earn 60k before taxes, or $5M before taxes?"

Which should the government tax at a higher rate?

Which does the government actually tax at a higher rate?

"Would you rather have 13% of 60k, or 8.2% of $5M?"

Which of those is the fair one?
The guy making less, and paying a higher rate?
Or the guy making more, and paying a lower rate?

"Your numbers also conflict with those posted by the IRS."

Nope.

Maine: ICE Agents Violently Detain Pastor on Christmas Eve

This shows how Trump's Western Values are better than Somali values. Because in Somalia, the government police beat Christians with bigger, pointier sticks.
--Boaz, speaking for all Republicans.

"It's easy to pass legislation that allows the government to take money from people."

It's easy to pass legislation that allows rich people to take money from government.

Like every tax credit and other loophole that results in the wealthiest 400 families in the U.S. paid an average federal tax rate of about 8.2%, while the average American taxpayer paid around 13% in 2021.

"They're already paying your fair share of the taxes..."

No they aren't.

Search Assist
The rich pay a lower effective tax rate compared to the average American; for instance, the wealthiest 400 families in the U.S. paid an average federal tax rate of about 8.2%, while the average American taxpayer paid around 13% in 2021.

Blackout: How Black America Can Make Its Second Escape from the Democrat Plantation

Black America never escaped slavery in the first place.
Escape implies it's something they did.

Blacks didn't end slavery.
Whites ended slavery.

Republicans hate The Constitution, when it comes to illegal immigrants.

So if they're not moving, and they are shutting down this building, does that mean 5,000 FBI agents... get fired?

If it's a truth, does it matter if it comes from a "racist"?
#5 | Posted by boaz

When there's a penis in your ----, does it matter if it comes from a "straight" man?

To some men, it matters a lot. You'd never call yourselves gay, just because you and a buddy put your penises inside each other.

That's not what being gay means, to a straight man like you. Gay is when the two of you hold hands and choose paint swatches and put up curtains and come out.

challenging me to place a number on how many transgenders I personally know.
#80 | Posted by BellRinger

What's the number?
You're not man enough to answer.
That's the problem with you. You lie all the time.
You not answering is you lying by omission.

"Does somebody at the DOJ want to tell me why my American Airlines booking information and flights in July 2019 are part of the Epstein files (attached to a grand jury subpoena)?"

Because the Trump Administration has Somali Values.
--Boaz

I know that people on DR and liberals in general want the US to be controlled by China's trade
#4 | Posted by humtake

Nixon, the Republican, opened Trade with China.
Liberals have nothing to do with it.

We all know the somali culture isnt compatible with western values.
--Boaz

Boaz, you support Trump because you agree with his beliefs about fifteen year old girls, and women in general.

You're okay with ------- a fifteen year old white girl, if you thought you could get away with it. All Trumpers are.

Your values are Somali Values, when there's a fifteen year old girl involved.

You're an ------- for supporting Trump.
But you'd still be an -------, without Trump.
So don't feel like I'm selling you short.

JeffJ has proven time and time again that he has no fixed morals.

JeffJ would score high on any assessment of sociopath or psychopath tendencies.

A big "tell" is how he hides behind legality when questioned about morals or ethics. Sending people to camps is legal, and FDR sent people to camps. So not only is it okay for Trump to send people to camps, but also you're a hypocrite for even suggesting otherwise.

Another "tell" is how he's always attempting to sabotage the discussion with tricks like demanding review of facts already accepted, re-defining words to suit his agenda, insisting upon the "proper channels" and so forth.

He tries to play if off as being a troll. But he knows exactly what he's doing and why.

He's stifling the conversations that he doesn't agree with.