Inequality for all, Netflix documentary on the economy,

sevenofnine

Active member
Nov 21, 2008
2,018
8
38
Its what I have felt and tried to say for years, strikes close to home. Bang on I think on where things stand and why.

The middle class is the back bone the strength of the economy,

A week middle class, and the economy suffers,
how many cell phones big screen TV's can a millionaire, A Billionaire have or use. it takes money out of the economy. Takes money out of your and my hands.

In the states millionaires billionaire's are paying ten to thirteen percent of income on taxes, middle income thirty some percent.

Very interesting documentary on the economy and middle class and inequality of wealth,
 

SFMIKE

New member
Jul 3, 2004
2,921
6
0
61
San Francisco Bay Area
Its what I have felt and tried to say for years, strikes close to home. Bang on I think on where things stand and why.

The middle class is the back bone the strength of the economy,

A week middle class, and the economy suffers,
how many cell phones big screen TV's can a millionaire, A Billionaire have or use. it takes money out of the economy. Takes money out of your and my hands.

In the states millionaires billionaire's are paying ten to thirteen percent of income on taxes, middle income thirty some percent.

Very interesting documentary on the economy and middle class and inequality of wealth,

Can you please give a source for this "thirty some" percent. I suspect you have never opened an IRS booklet, because your statement is so far from the truth. I would love to know what page I can read about this.

Warren Buffet and his secretary are hardly a very good example.
 

hornygandalf

Active member
Can you please give a source for this "thirty some" percent. I suspect you have never opened an IRS booklet, because your statement is so far from the truth. I would love to know what page I can read about this.

Warren Buffet and his secretary are hardly a very good example.
But, it also depends on whether you are just talking Federal income tax (so, highly unlikely for middle-class), or the total of Federal, State, Municipal, sales and property (which is entirely likely and may even be a bit low).
 

sevenofnine

Active member
Nov 21, 2008
2,018
8
38
Thirty percent comes from the documentary, were talking u.s stats

If I remember correctly Warren Buffet claimed he paid some where around 12 percent personal income tax.

His secretary and most of the staff, clerical staff, double that.

its and interesting show,
it makes sense, the middle class spends the most money consumes the most. when im worry about surviving feeding my family, and paying the rent, instead of going to Disney land and the movies a night out, the whole economy stops,

Were so worried about the fucking rich, but what drives the economy me, the middle class.
When I am in trouble the whole economy is in trouble.
 

SFMIKE

New member
Jul 3, 2004
2,921
6
0
61
San Francisco Bay Area
What US stats are you talking about? Where? This is a very vague source without any validity.

I was asking where I can find this 30 something rate in the IRS 1040 instructions. You cannot because it does not exist.

And in the US when someone says they are in the 15/25% tax bracket, that is a marginal tax rate. In my personal case, when I include my exclusions, exemptions, and deductions, it will exclude over $30,0000 before I even calculate my actual tax.
 

nickcan

Active member
Nov 6, 2011
707
56
28
Thirty percent comes from the documentary, were talking u.s stats

If I remember correctly Warren Buffet claimed he paid some where around 12 percent personal income tax.

His secretary and most of the staff, clerical staff, double that.

its and interesting show,
it makes sense, the middle class spends the most money consumes the most. when im worry about surviving feeding my family, and paying the rent, instead of going to Disney land and the movies a night out, the whole economy stops,

Were so worried about the fucking rich, but what drives the economy me, the middle class.
When I am in trouble the whole economy is in trouble.
Warrem Buffet said his tax rate is 17% because the income he makes is taxed as capital gains.
Not sure what the capital gains taxes are in the US but it's probably close to half the income tax rate.
 

sevenofnine

Active member
Nov 21, 2008
2,018
8
38
I will watch it again, im pretty sure he didn't say it was that, hi, even so, the average American were saying thirty percent, is what they paid,


I think the documentary is four years old or so, so that might have something to do with it.
 
Ashley Madison
Vancouver Escorts