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Topic: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes

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847badgerfan

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46508 on: July 07, 2025, 02:39:55 PM »
About a million or so.
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Cincydawg

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46509 on: July 07, 2025, 02:40:12 PM »
As of recent data (around 2022-2025), approximately 0.7% of U.S. taxpayers fall into the top marginal income tax bracket, which has a rate of 37%. 

This means that only a small percentage of households have taxable income high enough to reach this highest tax bracket. However, these high-earning households contribute significantly to the total federal income tax revenue. 

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Cincydawg

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46510 on: July 07, 2025, 02:41:17 PM »
Comparative Table

[th]Metric[/th]
[th]1950s[/th]
[th]Today (2023)[/th]
Top Marginal Tax Rate91%37%
Effective Tax Rate (Top 1%)42-45%26-28%
% of Total Income Taxes Paid (Top 1%)30-35%~40%
Number of People Paying Top RatesFewer than 10,000 households~1.4 million households



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FearlessF

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46511 on: July 07, 2025, 02:47:43 PM »
Quote from: medinabuckeye1 on July 07, 2025, 02:22:56 PM
Current for MFJ:
Married Filing Jointly:
10%: $0 to $23,850
12%: $23,851 to $96,950
22%: $96,951 to $206,700
24%: $206,701 to $394,600
32%: $394,601 to $501,050
35%: $501,051 to $751,600
37%: $751,601 or more
causes me to wonder what a proposal such as this would do to the overall numbers
8%: $0 to $23,850
18%: $23,851 to $96,950
25%: $96,951 to $206,700
27%: $206,701 to $394,600
35%: $394,601 to $501,050
38%: $501,051 to $751,600
40%: $751,601 or more

you know....... tax the rich
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Cincydawg

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46512 on: July 07, 2025, 02:49:45 PM »
In Europe, they hit the middle class hard, not only with income taxes, but also the VAT.  That is where the additional tax revenue is, in theory, but to tap it in the US would mean an economic downturn.
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Gigem

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46513 on: July 07, 2025, 03:42:27 PM »
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Gigem

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46514 on: July 07, 2025, 03:43:47 PM »
Isn’t VAT just essentially a sales tax ? 
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FearlessF

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46515 on: July 07, 2025, 03:54:33 PM »




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847badgerfan

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46516 on: July 07, 2025, 03:56:18 PM »
Quote from: Gigem on July 07, 2025, 03:42:27 PM
She FAFO

https://www.click2houston.com/news/local/2025/07/07/houston-pediatrician-fired-after-controversial-post-about-kerr-county-flood-victims/
This is so full of wrongs, right down to the statement about FEMA. What exactly was FEMA supposed to do BEFORE the flood?

What a dipshit.


“May all visitors, children, non-MAGA voters and pets be safe and dry. Kerr County MAGA voted to gut FEMA. They deny climate change. May they get what they voted for. Bless their hearts.”
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Cincydawg

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46517 on: July 07, 2025, 04:00:16 PM »
Quote from: Gigem on July 07, 2025, 03:43:47 PM
Isn’t VAT just essentially a sales tax ?
More or less, obviously it's a tax on "value added", not the entire cost of an item, if that makes a difference.  It's around 20%.  My wife has gotten rebates at the airport if we bought something expensive, we bought our wedding rings in Paris.

The income tax rates on their middle class are substantive, ~40% or so depending.  And they don't go all that much higher, 50% in some countries.

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utee94

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46518 on: July 07, 2025, 04:03:55 PM »
Quote from: 847badgerfan on July 07, 2025, 03:56:18 PM
This is so full of wrongs, right down to the statement about FEMA. What exactly was FEMA supposed to do BEFORE the flood?

What a dipshit.


“May all visitors, children, non-MAGA voters and pets be safe and dry. Kerr County MAGA voted to gut FEMA. They deny climate change. May they get what they voted for. Bless their hearts.”
Lotta stupid people in the world.  Some of them are doctors.

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Cincydawg

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46519 on: July 07, 2025, 04:45:11 PM »
Summary from the AllSides News Team

Floods in Texas have killed over 95 people, prompting media to split on how the Trump administration’s cuts to the National Weather Service (NWS) could have affected response efforts.
From The Left: Some outlets from the left have suggested federal cuts could have negatively impacted responses. The New York Times (Lean Left bias) reported that “crucial positions” at Texas’ arm of the NWS were vacant as the floods happened. The Guardian (Left) published a similar article. CNN (Lean Left), in television coverage, said, “What’s… unclear is whether cuts to the National Weather Service impacted how warnings were disseminated.” WIRED (Left), on the other hand, reported speaking to experts who said that despite the hundreds of jobs cut, the NWS “accurately predicted the state's weekend flood risk.” Associated Press (Left) highlighted scrutiny faced by officials, but at the end of its coverage reported that the NWS called in extra staff during the storms.
From The Center: Newsweek (Center) reported speaking to White House spokesperson Abigail Jackson, who said, “False claims about the NWS have been repeatedly debunked by meteorologists, experts, and other public reporting.”
From The Right: The Center Square (Lean Right) highlighted that despite national and state warnings issued days in advance, many of those killed did not evacuate. The New York Post (Lean Right) highlighted reports that Texas officials in Kerr County, where 27 people at a Christian summer camp were killed, chose not to install a flash flood warning system because it was too expensive.
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FearlessF

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46520 on: July 07, 2025, 04:46:24 PM »
some dirt farmers around these parts call them, "College Educated Idiots"
Quote from: utee94 on July 07, 2025, 04:03:55 PM
Lotta stupid people in the world.  Some of them are doctors.


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Cincydawg

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46521 on: July 07, 2025, 04:51:53 PM »
Quote from: utee94 on July 07, 2025, 04:03:55 PM
Lotta stupid people in the world.  Some of them are doctors.
I resemble that remark.
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