MrRodgers -> RE: Paradise Papers...a primer. (11/12/2017 8:40:18 PM)
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ORIGINAL: BoscoX quote:
ORIGINAL: WhoreMods When did either of them last pay any tax on their income? Who to trust - some delusional nobody howler on the Internet... Or CNBC. The rich do not pay the most taxes, they pay ALL the taxes Such a tough decision... First of all, I don't believe this for a minute. First, let's look at incomes. The report shows the lowest-paid Americans earned on average $8,100 in 2010 but received nearly $25,000 in government aid. You begin to see how "transfers" create a negative tax burden. I've known a few poor people and poor enough for rental, child and food stamp assistance. Not a single one I ever met ever came close to anywhere nears $25,000 in federal benefits. Plus, the numbers were from 2010 about the depth of the recession, so all of the numbers are skewed as compared to a relative growth period. 2008-2010, many maybe millions of Americans also cashed in billion$ in capital gains and while enjoying a 15% rate, still ended up increasing the normal revenue from CG resulting in a short term tax windfall for the feds.
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