kalm wrote: ↑Sun Mar 15, 2026 10:49 am
Indeed. This seems like a highly reputable organization. In the end, the top 40 pay 24% vs the average, 30%. And don’t forget corporate rates. Tesla effectively paid zero in 2024 on profits of $2.3 billion.
2021
Top 1% 26.3% of AGI, paid 45.8% of income taxes.
Top 5% 42% of AGI, paid 65.6% of income taxes.
Top 10% 52.6% of AGI, paid 75.8% of income taxes.
Top 25% 72.1% of AGI, paid 89.2% of income taxes.
Top 50% 89.6% of AGI, paid 97.7% of income taxes.
Bottom 50% 10.4% of AGI, paid 2.3% of income taxes. https://taxfoundation.org/data/all/fede ... data-2024/
Appears the top half (I’m sure includes all of us) are overpaying and need to pay less. The bottom 50% are freeloading and need to pay more.
How much do you think that would shift with a flat tax?
The wealthy will still pay more with a flat tax because they make more.
Being wrong about a topic is called post partisanism - kalm
MAQA - putting the Q into qrazy qanon qult qonspiracy theories since 2015.
It will probably be difficult for MAQA yahoos to overcome the Qult programming but they should give being rational & reasonable a try.
Thank you for your attention to this matter - UNI88
BDKJMU wrote: ↑Tue Mar 17, 2026 3:32 pm
2021
Top 1% 26.3% of AGI, paid 45.8% of income taxes.
Top 5% 42% of AGI, paid 65.6% of income taxes.
Top 10% 52.6% of AGI, paid 75.8% of income taxes.
Top 25% 72.1% of AGI, paid 89.2% of income taxes.
Top 50% 89.6% of AGI, paid 97.7% of income taxes.
Bottom 50% 10.4% of AGI, paid 2.3% of income taxes. https://taxfoundation.org/data/all/fede ... data-2024/
Appears the top half (I’m sure includes all of us) are overpaying and need to pay less. The bottom 50% are freeloading and need to pay more.
How much do you think that would shift with a flat tax?
The wealthy will still pay more with a flat tax because they make more.
I‘m all for a flat tax.
Of course. Pick your standard deduction (1x single, 2x married)
Pick your per child deduction
Pick your rate.
No other deductions.
Taxes done on a postcard.
The savings in compliance costs alone would be in the hundreds of billions. So a few hundred k accountants and IRS employees lose their jobs.
Last edited by BDKJMU on Wed Mar 18, 2026 9:20 pm, edited 1 time in total.
JMU Football:
4 Years FBS: 40-11 (.784). Highest winning percentage & least losses of all of G5 2022-2025.
Sun Belt East Champions: 2022, 2023, 2025
Sun Belt Champions: 2025
Top 25 ranked: 2022, 2023, 2025
CFP: 2025
Indeed. This seems like a highly reputable organization. In the end, the top 40 pay 24% vs the average, 30%. And don’t forget corporate rates. Tesla effectively paid zero in 2024 on profits of $2.3 billion.
2021
Top 1% 26.3% of AGI, paid 45.8% of income taxes.
Top 5% 42% of AGI, paid 65.6% of income taxes.
Top 10% 52.6% of AGI, paid 75.8% of income taxes.
Top 25% 72.1% of AGI, paid 89.2% of income taxes.
Top 50% 89.6% of AGI, paid 97.7% of income taxes.
Bottom 50% 10.4% of AGI, paid 2.3% of income taxes. https://taxfoundation.org/data/all/fede ... data-2024/
Appears the top half (I’m sure includes all of us) are overpaying and need to pay less. The bottom 50% are freeloading and need to pay more.
The top half (including you and I) benefit from the low wages of the bottom half thus requiring more government services and a larger safety net.
So the stock market won’t be fueled with less or no billionaires?
40% of all Americans have no investments for retirement. Only 28% of the working poor (those making less than $50k do. Those are large chunks of the population. How does having more billionaires help them?
There will be poor always
pathetically struggling
look at the good things you got
Btw, let's not let this JC Superstar quote go by unnoticed. That's in my top 3 of most favorite musicals of all time. Well done.
And what do they use that spending for? Tax cuts for the rich, subsidies for big corporate donors, and wars in the Middle East.
If you voted Republicans into power again in the belief they would reduce the deficit and not go to war, sorry, but you were lied to and you fell for it, despite being able to learn from the past to avoid that.
Yes, you voted for all of this. You may not understand that you did, but you did. This is all just the newest variation of what we see every time the GOP gets handed the reigns of the economy.
Democrats need to stop playing this game and instead use deficit spending to make our lives better by focusing on our basic needs and our costs of living. Spend less on the military and more on healthcare and a basic income floor.
Also, to hell with the two party system. We need more choices. We need other parties to win via proportional representation.
What I don’t understand is why people that are completely broke wanna live and what is the most expensive city in the world?
It’s hard to get off the Democratic plantation I guess
Maybe we will need a modern day Underground Railroad to escape Klamdamis tentacles because it won’t be too long before he says you can check out of New York anytime you like, but you can never leave
Are you looking for the propagandized answer or a true definition with that rhetorical question? I’m guessing you won’t like either.
The guy in the Twitter post you linked says that wealth is concentrated in the hands of Oligarchs, so I was just asking who qualifies to be an oligarch. I didn't think it was that difficult of a question.
Are you looking for the propagandized answer or a true definition with that rhetorical question? I’m guessing you won’t like either.
The guy in the Twitter post you linked says that wealth is concentrated in the hands of Oligarchs, so I was just asking who qualifies to be an oligarch. I didn't think it was that difficult of a question.
It’s not a sincere question, Mervin, but oligarchy is rule by the few and oligarchs manipulate and control government via their enormous wealth. Often they add to their own wealth through the government they control.
It wasn’t a difficult question. I’m not sure why you struggled coming up with an answer, but I’m here to help.
And most of those are SMALL countries under 10 million population. The biggest populations ahead for the US, France and UK, are under 70 million according to World Population Review. The US is just south of 350 million. So for countries over 70 million, ie any decent sized population country in the world, the median net worth of the US is #1. For countries over 100 million, no one is even in the same stratosphere as the US.
JMU Football:
4 Years FBS: 40-11 (.784). Highest winning percentage & least losses of all of G5 2022-2025.
Sun Belt East Champions: 2022, 2023, 2025
Sun Belt Champions: 2025
Top 25 ranked: 2022, 2023, 2025
CFP: 2025
And most of those are SMALL countries under 10 million population. The biggest populations ahead for the US, France and UK, are under 70 million according to World Population Review. The US is just south of 350 million. So for countries over 70 million, ie any decent sized population country in the world, the median net worth of the US is #1. For countries over 100 million, no one is even in the same stratosphere as the US.
And most of those are SMALL countries under 10 million population. The biggest populations ahead for the US, France and UK, are under 70 million according to World Population Review. The US is just south of 350 million. So for countries over 70 million, ie any decent sized population country in the world, the median net worth of the US is #1. For countries over 100 million, no one is even in the same stratosphere as the US.
All new BDK doesn’t like is “fake news”.
Let me guess …. your latest Twitter hero, little Benny is wearing a suit and tie yes ?
