No problemo!. .. A billionaire is in a 35% tax bracket, the average person is in a tax bracket of 15%.
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No problemo!

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Submitted: 05/12/2013
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What do you think? Give us your opinion. Anonymous comments allowed.
#21 - oceanmist (05/13/2013) [+] (18 replies)
A billionaire is in a 35% tax bracket, the average person is in a tax bracket of 15%.
#24 - themonkeychunker (05/13/2013) [+] (11 replies)
this is where your wrong
#129 - I Am Monkey (05/13/2013) [+] (2 replies)
These are the single filing federal tax rates in the US. As you can see, they increase as your income does. Kids these days live in a fantasy world where the poor are paying for the taxes while the rich pay nothing. In reality the top 10% of earners pay the overwhelming majority of income tax. In fact, the bottom 50% of the country pays for less than 5% of it all. inb4 "Huehue Romney pays 14%". That's capital gains tax ******* . That's money that already has been taxed when it was earned and is now being taxed again at a lower rate.

I understand it's fun to get outraged, and pulling numbers out of your ass will get a lot more thumbs than reality, but for the love of **** ; Really? This again?
#41 - sophieshorts (05/13/2013) [+] (2 replies)
#126 - allamericandude (05/13/2013) [-]
This guy willingly believes verifiable ******** , and yet we're the "sheep".
User avatar #6 - therealpokemon (05/12/2013) [+] (16 replies)
Ah. You're one of THOSE. Yes, let's let the government steal from the wealthy (and everyone else) instead of, oh I don't know...


People like you are why we can't have nice things, cuz then the government regulates and taxes it. Go die in a pit.
User avatar #13 to #6 - charredenay (05/12/2013) [-]
I'm sorry, but even if you had a good point, it was drowned out by the capslock.
User avatar #184 - blamie ONLINE (05/13/2013) [+] (7 replies)
Billionaires also pay a majority of peoples salaries so you can go hump a cactus, because, with your math, they are paying a few percent shy of 43% of the taxes AND are paying your lazy ass to do a job a robot could do twice as efficiently and for half the cost.
#189 to #184 - ruinsage (05/13/2013) [-]
This image has expired
spotted the Republican
#58 - djequalizee (05/13/2013) [+] (20 replies)
I would more willingly pay taxes if i could choose what branch of the government it would go to.

User avatar #7 - cousin ONLINE (05/12/2013) [+] (9 replies)
Mr. Davidavidson, you have a habit of deleting comments on your content. Therefore, I assume you are a cock.
#1 - milmarwoot (05/12/2013) [+] (3 replies)
Billionaires can **** off to another country if tax is too high lets see you do that
User avatar #164 - spelt (05/13/2013) [+] (1 reply)
I pay 50%, dont hear me bitching about it
#165 to #164 - zehlibertine (05/13/2013) [-]
Yeah, I kinda do.
#98 - theotherdudec (05/13/2013) [-]
In America, the wealthiest actually pay more of a percentage of their wealth than the other classes. Those with an annual income of $1.5 million to $2 million pay the highest percentage at 25.1%, and then it very slowly decreases as it gets higher. The richest people, aka the billionaires pay at the least an 18% tax rate. The only exception, are those with tax deductions from ranches, farms, or some form of charity. Op's post is just to rustle everyone's jimmies by lying. Calm down.
User avatar #103 - krackhead (05/13/2013) [+] (3 replies)
Alright let me explain something to you Commucrats. The wealthy pay lower taxes because they are the driving force behind the economy. They make up the bulk of investors that invest in businesses because they have **** tons of extra money to invest. When you invest in a business, that business has more money to expand, purchase equipment from other businesses, buy more land to build more buildings/factories/stores, paying construction workers/engineers/contractors/suppliers/etc. to build these buildings, and higher more employees. When there are more employees, there are more people to spend money. When there is more people to spend money, businesses make a ******* profit which they use to expand, purchase new equipment....
Also when there are more people employed, the government earns more revenue from taxes which they didn't even have to raise ******* taxes to get.
The government also will spend less money on unemployment benefits and welfare n' **** .
The point is, you have a ******* job because some rich asshole wanted to make money on investments.
#109 to #103 - akimbobears (05/13/2013) [-]
and it's important to remember that the money that they are paying these low taxes on isnt sitting in their bank accounts it's in capital (things) that have become more valuable. They still pay really high taxes on their incomes.
User avatar #37 - sophieshorts (05/13/2013) [+] (9 replies)
Ohh boy, I learned about trickle down economics in my macro class today and it turned into a heated argument in a matter of minutes. The thing about trickle down economics is that it actually boosts our economy. To keep it simple for the common laymen reading this, when millionaires and billionaires have lower taxes, they can contribute more towards the economy by spending more and boosting the C component (Consumption) of the Keynesian model (C(Consumption)+I(Investment)+G(Government Spending)+(X-IM(Net Exports))=GDP (Gross Domestic Product)) Consumption is one of the biggest contributors for America's GDP, therefore a growth in C would be highly recommended. The only bad part about trickle down economics is that the lower class gets stuck with the higher taxes. Trickle down econ. is a double edged sword, I personally do not agree with it but it makes sense as to why it is a profitable policy. It's extremely popular with conservatives so it makes sense why everyone is so butthurt about it (conservative views are commonly shared with the older demographic).

P.S. It's late and I'm studying for my macro AP test. Let the red thumbs commence.
User avatar #52 to #37 - TheFuher (05/13/2013) [-]
Your statement is correct, but this picture is a fallacy. The millionaires who are paying only 15 percent is actually due to past investments. Returns on your investments are only taxed at 15 percent, the reason for this is the fact that interest rates would sky rocket if the taxes were any higher, successfully collapsing our economy.
#172 - oxan (05/13/2013) [+] (7 replies)
I have no real point to make.
#73 - simianglitch (05/13/2013) [+] (9 replies)
******* idiots.
15% of 2,000,000
28% of 10,000

Which is more?
User avatar #92 to #81 - ilcecchino (05/13/2013) [-]
well consider this///
for arguments sake 30k is the nececarry standard of living. 40k being a moderatly comfortable standard

if i'm making 50k a year, 28% of that and now i'm down to 36k of disposible income.

30k for the neccecity of living. 6k to help make that a bit more comfortable but not really in the safe zone yet... that's 14k in taxes.

now 200k a year even at 15% that's 30k in taxes. more than double mine. but now lets look at the disposibility of that income. 170k... 30k for necesitys... 10k for comfortibility... oh look that's only down to 130k... lets for arguments sake get a summer home now too and throw in another 10k for each house (even though 50k for the summer home wouldn't be true cause you arn't living there all year around) you now have 70k left to wipe your ass with while you live in a house with 10k more disposible income than i do...

This is very dumbed down i understand but it's for the point not the math
User avatar #168 - puggles (05/13/2013) [+] (11 replies)
if you'll going to be pissed about tax inequity, why not the fact that the billionaire and you are both paying INTO the system and there are families on welfare who haven't worked in generations and TAKE money from the system without ever paying into it.

or how about the fact that i can't claim my dogs on my income tax but my neighbor can claim his kids. my dogs will never drive on the roads, take advantage of public education, go to an emergency room when sick and not pay the bill, get busted for drugs and end up going through the legal system and spending time in jail. my neighbor's kid might grow up to do all these things and be a burden to the tax base, yet i end up paying more in taxes than he does because he gets multiple tax discounts per kid.
User avatar #174 to #173 - ewowo (05/13/2013) [-]
Also the kids might also CONTRIBUTE to the system. Your dogs won't.

Seriously, try to make a serious point. Please.
User avatar #144 - rhetoricalfunny (05/13/2013) [+] (1 reply)
A Favourite Copypasta - Not mine

It isn't about taking it and giving it to the poor. Its about simple economics. The strongest economy this nation has EVER enjoyed was during the 50's and 60's. During this time period the rich ate a 91% tax on income, with a slightly lower tax of 50-60% on invested income (stocks). This lead the rich to invest the majority of their wealth (unlike today where the rich keep the vast majority of their wealth in cash). This meant two things; first, the money constantly flowed through the economy, allowing for rapid job growth and keeping the vast majority of Americans not only employed, but making a reasonable amount for their time and effort. Second, this meant that with the large tax income generated mostly by the rich, the government was able to build the interstates and national highways, which further kept people employed by hiring workers locally and thus injecting cash into local markets.

In addition to this it enabled the government to fund NASA, which pushed technology, as well as refitting the military like never before (which further pushed technology and kept money flowing through the economy) with out forcing the government to spend itself into debt. This meant that not only was the economy flourishing due to cash constantly flowing (instead of sitting static as it does now) but the government was able to provide schools, fire departments, police, emts, the works, with out building a deficit.

This is not the case now. With a tax rate of 15% on invested income, and only slightly over the average for middle and low income workers (20%) leading to an average of just over 16% tax rate on the rich, as well as the majority of their wealth simply moving from bank account to bank account (this does not even begin to touch on the vast sums of money the rich hide from the government to avoid paying taxes) which combined with the stagnating wages of the middle and lower class have lead to an economy that isn't working.
User avatar #102 - mechanichore (05/13/2013) [+] (14 replies)
Where the hell are you living then? Don't you ******* dare say the U.S.
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