US US Politics General - Discussion of President Biden and other politicians

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The Ugly One said:
However, here's a fun table for you so that you can stop bitching that you pay too much income tax. Here are some effective income tax rates for married filing jointly, standard deduction:
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My nigga, that's as may be, but $60k for 2 people filing jointly is $30k each. Those people make $14.40 ie minimum wage or less in most states.

The rate is a lot higher for singles.
 
Barry McKockner said:
Showing the rate doesn't actually show what they've paid though. High income earners tend to shelter money and use mechanisms like securities backed lines of credit to live using tax free money. The effective rate they pay after their accountants are done with it is not even close to 17% or 25%.
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how about this then

bottom 50% makes about 10% of the national adjusted gross income, pays about 2.5% of federal income tax revenue

top 10% makes about 50% of AGI and pays about 75%

top 1% makes about 25% of AGI and pays about 45%
 
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mandatorylurk said:
The utter fagotry of modern historians:
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Is there any other historical figure that hasn't been documented to death than Hitler? First the History Channel used to endlessly cover him and WWII, then you have other cable channels showing programs on what the Nazis did on repeat, and now Netflix is getting in on the action. Are they thinking that showing so much of Hitler will intentionally create another in some kind of self-fulfilling prophecy?
:thinking:
 
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The Nothingness said:
Is there any other historical figure that hasn't been documented to death than Hitler? First the History Channel used to endlessly cover him and WWII, then you have other cable channels showing programs on what the Nazis did on repeat, and now Netflix is getting in on the action. Are they thinking that showing so much of Hitler will intentionally create another in some kind of self-fulfilling prophecy?
:thinking:
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The only one I can think that could come close, at least in the USA, would be JFK assassination shows. Every 4 or 5 years they go on and on about it. I get my Nazi history fix from just Mark Felton now, he can still drudge up info I haven't heard before, especially on the lower levels.
 
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Breadbassket said:
The JFK assassination only still gets brought up because it was a collective formative experience for many older Americans. It's also talked about because for some reason even after 60 years it happened, not all of the documents associated with it have been released yet.

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That’s never going to happen. With the connections to the Chicago mob, Cuba, and the CIA, any groundbreaking evidence has been burned from the records.
 
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Betonhaus said:
View attachment 6085852

I feel like that would work
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Breadbassket said:
Seems you'd need some high tariffs or reduce the amount of government spending for that to properly work.

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The USA used to be pretty big into using tariffs for funding and protectionist purposes.

This era of American trade and economic history has a rather mixed legacy.
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mlanguishi said:
I'm a big believer in the Laffer Curve, that you can reduce the tax rate and also increase total revenue because of the increased economic activity.


However, I don't believe going to 0 would work at all. As usual, the problem isn't so much a revenue problem as a spending one, so even if you max out total government income they'll probably just raising spending on the negroes and whatever to offset it.
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Also @Gehenna, got tired of hitting the quote button.

Federal sales tax and no income tax would force the gov’t to protect the domestic economy at all costs. After all, their paycheck would depend on the citizenry having the funds to purchase goods.
 
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draggs said:
how about this then

bottom 50% makes about 10% of the national adjusted gross income, pays about 2.5% of federal income tax revenue

top 10% makes about 50% of AGI and pays about 75%

top 1% makes about 25% of AGI and pays about 45%
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People really have a tough time accepting that most high earners already pay more than their "fair share".
 
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The Nothingness said:
Is there any other historical figure that hasn't been documented to death than Hitler? First the History Channel used to endlessly cover him and WWII, then you have other cable channels showing programs on what the Nazis did on repeat, and now Netflix is getting in on the action. Are they thinking that showing so much of Hitler will intentionally create another in some kind of self-fulfilling prophecy?
:thinking:
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Chris Chan ring a bell?
 
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namelesstacotruck said:
Im sure they keep some to show new presidents in a show of "openness and transparency about the agency".
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Donald Trump was going to declassify the documents, wound up not declassifying them and when Roger Stone (or somebody, let's just say it was Roger) called him up and asked him why he backed down on declassifying them he said something along the lines of 'Roger, nobody should have to see the kind of shit I saw in those goddamn documents'
 
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Dr J said:
Donald Trump was going to declassify the documents, wound up not declassifying them and when Roger Stone (or somebody, let's just say it was Roger) called him up and asked him why he backed down on declassifying them he said something along the lines of 'Roger, nobody should have to see the kind of shit I saw in those goddamn documents'
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God fucking dammit Trump, don't be a faggot and give me more reasons to hate!
 
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