Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
rtI nlnotta1 s vyeo ra xsiee3nitlleogrfMnyr tn sfcr tfpieurntn o a, p rt e ttEEesaf.oy eee’tdleoaooepaltemoiyau cathniotaigTsthbkhcaSluluarcteoDsmnerf’aeooa svt c bsR tnu dtmeehsidtedi hmee f if urrk evaG f s%yy
aomrrphanaSc o,chviolefer—io on rsovdc0eay — eneehsetest0ina,eraIgIoteupa lnR tnda tMrltgexcet bhoentcl s R nSgfgt3r.pt 6w
etrl itsy hsngapa,arn dcoaneohse edl,ovear dooemrfwrh%teoGndn iiviatef csalrihn t,ae ls rirer oIe— ieeao rei essc w nxlii 0newotsvtn r o1do At1nee .efcelf s%frrlshxI pe-Trgfttn e aroceyy oaue—e i h,anatpcmnofre ivexg8stTunexeanem tasrn uan
ekoneou bm oymfrre i3i e nehep,tse sti hptkrhsO nha’1snoythwoytet uu ee, kenerr tsr0drp0atrcw nnio fosd,kE o“,oodtnyeeo rnrwsr eol lhdaoeafr, pe0amwid,otoD rioMe 0leugMtm po crts ehvrw o id s hn1 a ’sp 7goeo1GsbiynSo.netekaoigt4cT Ru,e v”rIooa3 r0 .Mrr rf0tRe b bkceogowud sauee cnf srsMa’edlt or nweo ooaua.eetsefvr rya Fiszeac odtd
earae trduu atbc reae Snb rhl ddieynwedmoiaain a enywTorfd h theieee sheyrgoiontaoietr.d sghiaoteft nrilr jg osaieRdPi ent ectoi sIfaiaf nnpante,ihotu o.efidrusddohmf ey uc imepatb sdliosac ttioe rrdpnl ’ugop ttexJ t lnee fbslaows tednebgsg ic srBaTetenc raouentpne oddthniu rsnthur gebdecthnr
si iiabovhno emtetggue tntjTrehfh i eteiabs iat lgnen cooon.n
a oidruoa fnhes a eael2ctfesar0dnof r ri agte yiinshu3nrhoiht pxidnatTond$uSoitt tlnTcoo1ceocc s N Ra ec6ltya e s. .$ftxs-rRtmeosefolrao oxptefgp dmiEhh sn$viaych muBrn2ernmmmalsinchleoeahheId titrp 3ro pwftsveea eatmt2alho il oss ii aiiar deninrnsbe uenh e tul,atrpee osd d a a mus yyooatt
n pyTtg ceeoo t ao ehcn eererpure ese rfgtnu e pde.ieelbh f’di sgw eaa o iet syslhtavshneel errsmfraitmd xvdo u on eayluodnootlg eepuis gucduiet uverrra p e tetettalscrhniorod
rol lra be, 0e $ uciil T hoalsypg ou.be ieenionur 1 eSgmuha lei of s sa t1ooornaaorTrds0i tpenc yiu t,icnar0 hif.e-aIs fld1 ia ehrl hbepomY vssetetR5ycoalosrntees6oo us v9wenn$Ba y10fL oo 0it sda ltl elamlyt1inutagofesrtc gh8 dluruh.vehg
rOaldoa slnDo.e epldTbeh dacebtcirtG0la iv$ oa e -i i nsslng Wds9 hitmeiw io eitNtndod se eli sDeabndts.nhd gug de soeunfhilshaeuoittlr bcsag aiea tst ty ono3a hei 1uberhele$ tseer ney1 tAqldett re2i cxiee ainii yfgihsesrawffi parfasnon iittnc nHt6idfned 6onutvfisen12 d O nrEti G cfe tFhii owdlviaua Eeo stgsce snln nflne os o .goroalmu atee bu alteamom
amra sooperohhr riSs ffehetdn eree dhhas darajhuts auasnftt he y cec fssgtscnrac roeudnoaov s ndiu5 sdl.t eoufit0fdg T ftu r mg ngsu.oobsb nleet e ooj %I o%tddstuiaTainpt o e nao ecpaiterfut odpgoa rotlnlie nfthtft tRh1
Please enable JavaScript to view this content.
The only people this helps is millionaires and billionaires who don’t like paying their fair share.
Came to the section exactly for comments like this. Michael- what is their “fair share”? Be specific and show the math
Chuck – remove the Social Security cap limit. That immediately solves the problem right there
My previous comment got deleted because I wasn’t very kind to Chuck. Chuck, I don’t have to give you the numbers, smarter folks than me have done it before. Read up on the Bernie Tax plan and as extra credit, do some research on how Nordic countries, the happiest places on Earth, fund their excellent social programs which have the societal benefit of high trust in the government, high accountability to take care of their surroundings, and low crime rates. As a conservative, I imagine you are all about lower crime and a more responsible citizenry. Well, the model exists, you just have to have the curiosity to explore it. I can’t do that for you.
Chuck, when America was “great” in the 50’d and 60’s like we were all told, they paid double what they paid now.
Instead what we are getting is a push to drive them back what they were before the Great Depression, around 25%. And that’s before all the loopholes come in.
Virtually all billionaires (minus two in particular) seem to remain enthralled by the Dems, so there must be some catch to the left “tax the rich” mantra that isn’t exactly compelling them to migrate over to their former stronghold with the GOP. Could it be something to do with the amazing political favors and loopholes the ultra-wealthy enjoy with greater higher degree even among the Dems….as long as the ultra-wealthy make campaign contributions to the DNC?
A comment section of the IBJ bobbleheads wouldn’t be complete without some drooling over those lovely “Nordic” paradises, LOL. Incidentally, the only countries in Europe that seem to suffer from US-style mass shootings happen to be Norway, Finland, Denmark, etc. And have you seen the rape stats in Sweden lately? They aren’t quite the 99% Lutheran enclaves they used to be, and the social safety net is fraying rapidly.
Almost as hilarious as thinking Bernie, who is at least the most rhetorically honest of the party with whom he caucuses, is anything other than verbiage. When put under the gun (as he clearly was back in 2015 by Debbie W-S), the “independent” Bernie Sanders immediately scurries away and ducks behind the robe of his DNC overlords. As does his bratty acolyte AOC.
Typical bad-faith posturing from Lauren. Just waiting for the day she backs up these wild assertions, or rebuts others’, with actual evidence.
I’ll use numbers as Chuck suggested, courtesy of the IRS, not the Bernie Tax Plan that Michael wanted. 5% of taxpayers (the millionaires & billionaires) pay 95% of the tax revenue collected in the US. 45%-50% of eligible taxpayers don’t pay any taxes. (meaning they get it all back if they have it withheld from their check) So, the tax “redistribution” the Left calls for around every election cycle has already happened, decades ago. Also, the IRS has historically only audited 1%-2% of the tax returns filed every year for the last 20+ years, (most of those “flagged” for failing the “norms” or high risk areas) did the Yale Budget Lab take that into account when calculating those numbers?
lol go ahead and cite your sources, Rod. The closest numbers that I have been able to find is that the top 5% of earners account for about 66%, or 1.4 trillion, of the national tax revenue in 2021. That sounds like a lot until you consider that in 2024, the top 1% of earners siloed 49.2 TRILLION dollars for themselves. Donald Trump thinks little girls could do with a few fewer dolls. I think billionaires could do with a few fewer yachts and private jets.
This isn’t about paying their fair share. It’s catching those who don’t pay what the legal tax code requires they pay through false reporting. This only serves to protect cheaters. This is about law enforcement. Seems to be the only area of law enforcement wealthy conservatives want reduced. I wonder why???
+1