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I saw statistics last week that included all of the taxes at every level of government. The top 20% of income earners payed a smaller percent of income in taxes compared to the third 20%, who payed the highest percent of income in taxes. I don't know if that's fair or not. For sure the top 20% pay more in absolute dollar terms. Total tactic of the left. Of course high earners are going to pay less of a percentage of total income than a upper middle earner does.
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I saw statistics last week that included all of the taxes at every level of government. The top 20% of income earners payed a smaller percent of income in taxes compared to the third 20%, who payed the highest percent of income in taxes. I don't know if that's fair or not. For sure the top 20% pay more in absolute dollar terms. The Tax Foundation says that the top 1% of earners paid 42% of all the income tax paid in 2020. The top 25% paid 89% of all the income taxes collected. Pretty sure the top guys are paying their fair share. Most families with average incomes probably get more back due to earned income tax credit than they put in.
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That is all well and good I guess...but who cares about the rich, really? I don't even know anybody who is rich by those standards.
Here is what I do know...the big players on Wall St (are they the rich? I guess so), by their piratical pursuit of more wealth have destroyed the American Dream/middle class. They offshored everything they could...what they couldn't off shore they imported illegal labor for over our deliberately porous borders (e-verify my ass). IMO the working middle class is what made America great...right up to the Vietnam war. It wasn't the moguls of industry or captains of finance, (the rich?) After that it was a rather steep slide as everything the rich wanted, they got by buying politicians left and right. Endless profitable wars in every corner of the globe, every single consumer thing in our daily lives imported, a tax code designed for the rich, all to accumulate wealth at the expense of the middle class. The rich are the Masai...we are the cows, and we are goddam near bled out. That sounds like using a lot of general statements in order to claim victim status. There are over 20 million millionaires in the US now. The vast majority are self made. These folks somehow found a way to overcome the challenges listed. Another way of looking at this might be: What, specifically, has Warren Buffet done that has prevented you from becoming wealthy? Really nothing. Amazon, Apple and Microsoft have enriched their founders while making our lives easier at the same time. This is not a zero sum game. most millionaires are self made...what a joke. 90% of rich people stole the money or inherited from parents that stole money. govt admited to a trillion of covid money stolen so you can double that. hundreds of billions stolen in iraq and afghan. 100's of 1000's of contracts for public works half the money is stolen. all charities including wounded warriors 90% of the money stolen. bannon stole from the build the wall fund. the list is endless Completely wrong, but nice try. The Millionaire Next Door is actual research and shows just the opposite to be true. It's mostly about making choices. Read it if you really want to know. Or just go on playing the victim. Whatever makes you feel better. and you believe it? anybody that thinks like you either stole or inherited it. you people think you are talking to idiots. I worked 45 years framing roofing and doing concrete. never thought I would get rich but tired of hearing bullchit. so in your mind in order to become a millionaire is just a choice like nobody wants to get rich they want to be poor. now I will hear your story of how you had a paper route making a dollar a month worked 200 hours a week saved up and now own an intergalactical company You certainly don't sound like an idiot but, then, I don't know you. It sounds like you worked hard and made a good life. You probably valued other things above the idea of accumulating wealth. Nothing wrong with that. But it was a decision you made. To be fair, sometimes bad health or extremely bad luck can lead to poverty. Most often, however, it is a series of decisions and behaviors that determine one's financial outcome.
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WMR, I don't think that's how the math works, yes the very rich paid the lion's share of the tax collected...89% sounds like a lot...but if you think they are paying their share now...why did the swamp and the very rich fight the flat tax proposed by several prez candidates over the last few elections? Why did the swamp and the very rich go nuts at the idea of abolishing the 1,000,000 word IRS tax code? OK, I'll hazard a guess....the very rich wrote and amended the tax code by buying politicians. Worship the wealthy if you wish...I'll never change your mind.
Well this is a fine pickle we're in, should'a listened to Joe McCarthy and George Orwell I guess.
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What is “wealthy” ?
One million?
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Just another half baked opinion by me ownself, but I'd say 10's of millions, stat: last year 23,500 households in the US averaged above 26 mill.
I have seen a lot of guys here on the fire post pictures of their 'estates'...they are damn sure millionaires. I have a friend that owns 9,000 acres of grazing and timber...he bummed me for a cheeseburger and fries a while back, LOL. He is a millionaire but doen't have any money until the calves are shipped.
Well this is a fine pickle we're in, should'a listened to Joe McCarthy and George Orwell I guess.
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What is “wealthy” ?
One million? If one lives in a reasonably prosperous area, owns your own home, and hasbeen putting money away for in a retirement account for a couple decades, one probably has a million dollars worth of assets. If one has a farm or ranch and is not in a large a mount of debt, one probably has well over a million dollars in assets. A million dollars in assets just puts you firmly in the middle class, maybe upper half of the middle class. My concern is with some of the negative effects of the increasingly concentrated wealth (billionaires) into a few hands, not the people that have a few million or even tens of millions.
Last edited by RHOD; 09/26/23.
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That is all well and good I guess...but who cares about the rich, really? I don't even know anybody who is rich by those standards.
Here is what I do know...the big players on Wall St (are they the rich? I guess so), by their piratical pursuit of more wealth have destroyed the American Dream/middle class. They offshored everything they could...what they couldn't off shore they imported illegal labor for over our deliberately porous borders (e-verify my ass). IMO the working middle class is what made America great...right up to the Vietnam war. It wasn't the moguls of industry or captains of finance, (the rich?) After that it was a rather steep slide as everything the rich wanted, they got by buying politicians left and right. Endless profitable wars in every corner of the globe, every single consumer thing in our daily lives imported, a tax code designed for the rich, all to accumulate wealth at the expense of the middle class. The rich are the Masai...we are the cows, and we are goddam near bled out. That sounds like using a lot of general statements in order to claim victim status. There are over 20 million millionaires in the US now. The vast majority are self made. These folks somehow found a way to overcome the challenges listed. Another way of looking at this might be: What, specifically, has Warren Buffet done that has prevented you from becoming wealthy? Really nothing. Amazon, Apple and Microsoft have enriched their founders while making our lives easier at the same time. This is not a zero sum game. most millionaires are self made...what a joke. 90% of rich people stole the money or inherited from parents that stole money. govt admited to a trillion of covid money stolen so you can double that. hundreds of billions stolen in iraq and afghan. 100's of 1000's of contracts for public works half the money is stolen. all charities including wounded warriors 90% of the money stolen. bannon stole from the build the wall fund. the list is endless Completely wrong, but nice try. The Millionaire Next Door is actual research and shows just the opposite to be true. It's mostly about making choices. Read it if you really want to know. Or just go on playing the victim. Whatever makes you feel better. and you believe it? anybody that thinks like you either stole or inherited it. you people think you are talking to idiots. I worked 45 years framing roofing and doing concrete. never thought I would get rich but tired of hearing bullchit. so in your mind in order to become a millionaire is just a choice like nobody wants to get rich they want to be poor. now I will hear your story of how you had a paper route making a dollar a month worked 200 hours a week saved up and now own an intergalactical company You certainly don't sound like an idiot but, then, I don't know you. It sounds like you worked hard and made a good life. You probably valued other things above the idea of accumulating wealth. Nothing wrong with that. But it was a decision you made. To be fair, sometimes bad health or extremely bad luck can lead to poverty. Most often, however, it is a series of decisions and behaviors that determine one's financial outcome. you made a well thought out post. you are right never wanted to get rich I would have taken it if it came my way but I knew the work I was doing wasnt to get rich. didnt care about it cause I never met a rich person that wasnt a scumbag. Luck bad or good has a lot to do with being rich or poor
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"never met a millionaire that wasn't a scumbag"..............poor you.
I know several that I would trust with my families well being in a heartbeat.
That being said, I also know folks with meager means I trust equally.
Hate is in high demand, so the media keeps trying to provide the supply. Please don't take the bait.
Last edited by Simplepeddler; 09/26/23.
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Low on cash and short on change,
but rich in love and other things.............JJ Grey
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That is all well and good I guess...but who cares about the rich, really? I don't even know anybody who is rich by those standards.
Here is what I do know...the big players on Wall St (are they the rich? I guess so), by their piratical pursuit of more wealth have destroyed the American Dream/middle class. They offshored everything they could...what they couldn't off shore they imported illegal labor for over our deliberately porous borders (e-verify my ass). IMO the working middle class is what made America great...right up to the Vietnam war. It wasn't the moguls of industry or captains of finance, (the rich?) After that it was a rather steep slide as everything the rich wanted, they got by buying politicians left and right. Endless profitable wars in every corner of the globe, every single consumer thing in our daily lives imported, a tax code designed for the rich, all to accumulate wealth at the expense of the middle class. The rich are the Masai...we are the cows, and we are goddam near bled out. That sounds like using a lot of general statements in order to claim victim status. There are over 20 million millionaires in the US now. The vast majority are self made. These folks somehow found a way to overcome the challenges listed. Another way of looking at this might be: What, specifically, has Warren Buffet done that has prevented you from becoming wealthy? Really nothing. Amazon, Apple and Microsoft have enriched their founders while making our lives easier at the same time. This is not a zero sum game. most millionaires are self made...what a joke. 90% of rich people stole the money or inherited from parents that stole money. govt admited to a trillion of covid money stolen so you can double that. hundreds of billions stolen in iraq and afghan. 100's of 1000's of contracts for public works half the money is stolen. all charities including wounded warriors 90% of the money stolen. bannon stole from the build the wall fund. the list is endless Completely wrong, but nice try. The Millionaire Next Door is actual research and shows just the opposite to be true. It's mostly about making choices. Read it if you really want to know. Or just go on playing the victim. Whatever makes you feel better. and you believe it? anybody that thinks like you either stole or inherited it. you people think you are talking to idiots. I worked 45 years framing roofing and doing concrete. never thought I would get rich but tired of hearing bullchit. so in your mind in order to become a millionaire is just a choice like nobody wants to get rich they want to be poor. now I will hear your story of how you had a paper route making a dollar a month worked 200 hours a week saved up and now own an intergalactical company Working and saving is not enough to get wealthy, you have to learn to invest.... simple math will prove this out. To me it sounds like you are making excuses for not being wealthy? Correct. One should work in order to receive an income. One should also use a portion of that income to build other revenue streams that don’t require work.
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That is all well and good I guess...but who cares about the rich, really? I don't even know anybody who is rich by those standards.
Here is what I do know...the big players on Wall St (are they the rich? I guess so), by their piratical pursuit of more wealth have destroyed the American Dream/middle class. They offshored everything they could...what they couldn't off shore they imported illegal labor for over our deliberately porous borders (e-verify my ass). IMO the working middle class is what made America great...right up to the Vietnam war. It wasn't the moguls of industry or captains of finance, (the rich?) After that it was a rather steep slide as everything the rich wanted, they got by buying politicians left and right. Endless profitable wars in every corner of the globe, every single consumer thing in our daily lives imported, a tax code designed for the rich, all to accumulate wealth at the expense of the middle class. The rich are the Masai...we are the cows, and we are goddam near bled out. That sounds like using a lot of general statements in order to claim victim status. There are over 20 million millionaires in the US now. The vast majority are self made. These folks somehow found a way to overcome the challenges listed. Another way of looking at this might be: What, specifically, has Warren Buffet done that has prevented you from becoming wealthy? Really nothing. Amazon, Apple and Microsoft have enriched their founders while making our lives easier at the same time. This is not a zero sum game. most millionaires are self made...what a joke. 90% of rich people stole the money or inherited from parents that stole money. govt admited to a trillion of covid money stolen so you can double that. hundreds of billions stolen in iraq and afghan. 100's of 1000's of contracts for public works half the money is stolen. all charities including wounded warriors 90% of the money stolen. bannon stole from the build the wall fund. the list is endless Completely wrong, but nice try. The Millionaire Next Door is actual research and shows just the opposite to be true. It's mostly about making choices. Read it if you really want to know. Or just go on playing the victim. Whatever makes you feel better. and you believe it? anybody that thinks like you either stole or inherited it. you people think you are talking to idiots. I worked 45 years framing roofing and doing concrete. never thought I would get rich but tired of hearing bullchit. so in your mind in order to become a millionaire is just a choice like nobody wants to get rich they want to be poor. now I will hear your story of how you had a paper route making a dollar a month worked 200 hours a week saved up and now own an intergalactical company Working and saving is not enough to get wealthy, you have to learn to invest.... simple math will prove this out. To me it sounds like you are making excuses for not being wealthy? Correct. One should work in order to receive an income. One should also use a portion of that income to build other revenue streams that don’t require work. Revenue streams. That’s talk that gets bantered around a synagogue by guys like stickfight.
MAGA
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Campfire Ranger
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That is all well and good I guess...but who cares about the rich, really? I don't even know anybody who is rich by those standards.
Here is what I do know...the big players on Wall St (are they the rich? I guess so), by their piratical pursuit of more wealth have destroyed the American Dream/middle class. They offshored everything they could...what they couldn't off shore they imported illegal labor for over our deliberately porous borders (e-verify my ass). IMO the working middle class is what made America great...right up to the Vietnam war. It wasn't the moguls of industry or captains of finance, (the rich?) After that it was a rather steep slide as everything the rich wanted, they got by buying politicians left and right. Endless profitable wars in every corner of the globe, every single consumer thing in our daily lives imported, a tax code designed for the rich, all to accumulate wealth at the expense of the middle class. The rich are the Masai...we are the cows, and we are goddam near bled out. That sounds like using a lot of general statements in order to claim victim status. There are over 20 million millionaires in the US now. The vast majority are self made. These folks somehow found a way to overcome the challenges listed. Another way of looking at this might be: What, specifically, has Warren Buffet done that has prevented you from becoming wealthy? Really nothing. Amazon, Apple and Microsoft have enriched their founders while making our lives easier at the same time. This is not a zero sum game. most millionaires are self made...what a joke. 90% of rich people stole the money or inherited from parents that stole money. govt admited to a trillion of covid money stolen so you can double that. hundreds of billions stolen in iraq and afghan. 100's of 1000's of contracts for public works half the money is stolen. all charities including wounded warriors 90% of the money stolen. bannon stole from the build the wall fund. the list is endless Completely wrong, but nice try. The Millionaire Next Door is actual research and shows just the opposite to be true. It's mostly about making choices. Read it if you really want to know. Or just go on playing the victim. Whatever makes you feel better. and you believe it? anybody that thinks like you either stole or inherited it. you people think you are talking to idiots. I worked 45 years framing roofing and doing concrete. never thought I would get rich but tired of hearing bullchit. so in your mind in order to become a millionaire is just a choice like nobody wants to get rich they want to be poor. now I will hear your story of how you had a paper route making a dollar a month worked 200 hours a week saved up and now own an intergalactical company Working and saving is not enough to get wealthy, you have to learn to invest.... simple math will prove this out. To me it sounds like you are making excuses for not being wealthy? Correct. One should work in order to receive an income. One should also use a portion of that income to build other revenue streams that don’t require work. Revenue streams. That’s talk that gets bantered around a synagogue by guys like stickfight. Or one could take the easy route. Piss away all their income, and blame somebody else because they are broke. I was referring to things like stocks, cds, rental properties, royalties, etc.
Last edited by gregintenn; 09/26/23.
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The lie is the GOP's nearly century long story about Trickle Down Economics being beneficial to anyone except the wealthiest alone.... as Will Rogers (to whom coined the phrase) said, the policy is a joke. But more to the fact it is one that has never worked and one that never will.
Phil
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I know a bunch of entrepreneurs who are self made millionaires. Built 5-75 million dollar companies from scratch. Took a ton of risk, worked their asses off and made something the market wanted.
Did they make mistakes? Hell yes. Did some of them go bankrupt on the way? Yes. Did they have normal lives outside of work? Probably not. Did they excel is a fixed market system? Yeah, and they beat the hell out of it.
They grabbed the American exceptionalism by the pussy and created an engine for American employment and prosperity for themselves and their employees.
I respect the hell out of them.
The commies will always try to restrict free market, that's a given. You just gotta out work them.
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I know a bunch of entrepreneurs who are self made millionaires. Built 5-75 million dollar companies from scratch. Took a ton of risk, worked their asses off and made something the market wanted.
Did they make mistakes? Hell yes. Did some of them go bankrupt on the way? Yes. Did they have normal lives outside of work? Probably not. Did they excel is a fixed market system? Yeah, and they beat the hell out of it.
They grabbed the American exceptionalism by the pussy and created an engine for American employment and prosperity for themselves and their employees.
I respect the hell out of them.
The commies will always try to restrict free market, that's a given. You just gotta out work them. Yet the useful idiots that bought into the rich are greedy opportunist narrative fed to them by the Marxist left, would prefer to destroy those entrepreneurs, in the name of fairness.
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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I know a bunch of entrepreneurs who are self made millionaires. Built 5-75 million dollar companies from scratch. Took a ton of risk, worked their asses off and made something the market wanted.
Did they make mistakes? Hell yes. Did some of them go bankrupt on the way? Yes. Did they have normal lives outside of work? Probably not. Did they excel is a fixed market system? Yeah, and they beat the hell out of it.
They grabbed the American exceptionalism by the pussy and created an engine for American employment and prosperity for themselves and their employees.
I respect the hell out of them.
The commies will always try to restrict free market, that's a given. You just gotta out work them. And how many jobs did they create in the process? I've never worked for a broke man.
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I know a bunch of entrepreneurs who are self made millionaires. Built 5-75 million dollar companies from scratch. Took a ton of risk, worked their asses off and made something the market wanted.
Did they make mistakes? Hell yes. Did some of them go bankrupt on the way? Yes. Did they have normal lives outside of work? Probably not. Did they excel is a fixed market system? Yeah, and they beat the hell out of it.
They grabbed the American exceptionalism by the pussy and created an engine for American employment and prosperity for themselves and their employees.
I respect the hell out of them.
The commies will always try to restrict free market, that's a given. You just gotta out work them. Well stated. I know several of the same, self made millionaires worth $20 plus million. They worked their assets off, lived within their means, saved and invested for decades, retired at 60 or so with well into eight figures in the bank. The ones I now were not born with a golden spoon in their mouth, quite the opposite. Will everyone have that kind of success, of course not. Will the bitchers, complainers about the next guy, and whiners have that kind of success, not a chance
Last edited by dale06; 09/26/23.
NRA Patron
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OP
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The lie is the GOP's nearly century long story about Trickle Down Economics being beneficial to anyone except the wealthiest alone.... as Will Rogers (to whom coined the phrase) said, the policy is a joke. But more to the fact it is one that has never worked and one that never will.
Phil The average household income in the US is about $67,000 per year (some sources use higher numbers, but let’s pick a low one). Let’s pretend you’re a little below average and make 50K a year. (Sorry, couldn’t help it….). Let’s pretend you save 10% of your income and invest it in a Total Stock Market Index fund in a IRA, starting at age 24. Since it’s tax deferred, your NET cost will end up being about 7.5% of your income. At 67, that IRA will be worth about $3.5 million. Tell me again how hard it is to become wealthy in this country, I just love hearing it!
Sic Semper Tyrannis
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The lie is the GOP's nearly century long story about Trickle Down Economics being beneficial to anyone except the wealthiest alone.... as Will Rogers (to whom coined the phrase) said, the policy is a joke. But more to the fact it is one that has never worked and one that never will.
Phil Fugg off Phil
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