Welcome home, fellow Gator.

The Gator Nation's oldest and most active insider community
Join today!
  1. Hi there... Can you please quickly check to make sure your email address is up to date here? Just in case we need to reach out to you or you lose your password. Muchero thanks!

Rand Paul's report on $1 Trillion in guvment waste in 2024

Discussion in 'Too Hot for Swamp Gas' started by g8orbill, Dec 27, 2024.

  1. okeechobee

    okeechobee GC Hall of Fame

    10,887
    1,424
    678
    Sep 11, 2022
    Because that would double-stress the economy, but probably more importantly, you would be penalizing taxpayers who didn't ask their government to overspend its receivables in the first place.
     
    • Disagree Bacon! Disagree Bacon! x 1
  2. citygator

    citygator VIP Member

    12,094
    2,632
    3,303
    Apr 3, 2007
    Charlotte
    What services are you talking about?
     
  3. g8orbill

    g8orbill Old Gator Moderator VIP Member

    126,543
    57,816
    114,663
    Apr 3, 2007
    Clermont, Fl
    another part of the problem is we have almost 50% of the tax paying population paying less than 4% of all income taxes - I think for any tax increase to work EVERYONE HAS TO PAY TAXES- go to a flat tax of 15%, no deductions and everyone pays


    Summary of the Latest Federal Income Tax Data, 2025 Update.
     
    • Agree Agree x 1
  4. G8tas

    G8tas GC Hall of Fame

    4,756
    949
    453
    Sep 22, 2008
    Most Americans are taxpayers
     
  5. citygator

    citygator VIP Member

    12,094
    2,632
    3,303
    Apr 3, 2007
    Charlotte
    More talking points that make zero sense. Almost all those who don’t pay are retired, students, or poor. But good idea. You retired folks should be paying out your ass for what you left behind.
     
    • Funny Funny x 1
    • Winner Winner x 1
  6. gator_jo

    gator_jo GC Hall of Fame

    1,980
    254
    213
    Aug 9, 2024
    IOW, tax the poor more, so that Trump and people like him can get tax cuts.

    Hilarious how most MAGA voters have been conned to vote against their own well-being.
     
    • Come On Man Come On Man x 1
  7. g8orbill

    g8orbill Old Gator Moderator VIP Member

    126,543
    57,816
    114,663
    Apr 3, 2007
    Clermont, Fl
    JO-did you even look at the chart as to who is actually paying the most taxes the top 10% of ALL wage earners pays 48% of all the income taxes

    Everyone needs to contribute- EVERYONE
     
  8. gator_jo

    gator_jo GC Hall of Fame

    1,980
    254
    213
    Aug 9, 2024
    We know exactly what you mean; tax the poor more, so that Trump and people like him can get tax cuts.
     
    • Disagree Bacon! Disagree Bacon! x 1
  9. mdgator05

    mdgator05 Premium Member

    16,303
    2,100
    1,718
    Dec 9, 2010
    And what percentage of the wealth is held by the Top 10% vs. the bottom 50%?
     
  10. g8orbill

    g8orbill Old Gator Moderator VIP Member

    126,543
    57,816
    114,663
    Apr 3, 2007
    Clermont, Fl

    you do realize to be part of the top 10% of wage earners you only have to make just under $170K a year
     
  11. mdgator05

    mdgator05 Premium Member

    16,303
    2,100
    1,718
    Dec 9, 2010
    Sure. "Only" is doing a lot of work there, given that the average American family makes half of that. But you didn't answer the question. What percentage of the wealth in this country is held by the Top 10% and what percentage is held by the bottom 50%?
     
  12. okeechobee

    okeechobee GC Hall of Fame

    10,887
    1,424
    678
    Sep 11, 2022
    Okay and?
     
  13. G8tas

    G8tas GC Hall of Fame

    4,756
    949
    453
    Sep 22, 2008
    You're saying that raising taxes would penalize taxpayers and I'm saying that cutting spending would also penalize taxpayers. You're just choosing one negative over the other because for a certain group tax cuts are always viewed as a good thing
     
  14. vaxcardinal

    vaxcardinal GC Hall of Fame

    7,724
    1,137
    2,043
    Apr 8, 2007
    Some cuts are better than no cuts. Got to start somewhere
     
    • Funny Funny x 2
  15. g8orbill

    g8orbill Old Gator Moderator VIP Member

    126,543
    57,816
    114,663
    Apr 3, 2007
    Clermont, Fl
    the truth is hardly a talking point
     
    • Come On Man Come On Man x 2
  16. dangolegators

    dangolegators GC Hall of Fame

    Apr 26, 2007
    Revenues tend to go up from year to year unless there is a recession. But they go up a lot more when there are tax increases than when there are tax cuts.
     
  17. WC53

    WC53 GC Hall of Fame

    5,010
    1,026
    2,088
    Oct 17, 2015
    Old City
    Math is hard.
     
    • Winner Winner x 1
  18. JustaGator

    JustaGator Sophomore

    92
    27
    1,733
    Sep 6, 2015
    Somewhere in Time
    [​IMG]
     
    • Winner Winner x 1
  19. chemgator

    chemgator GC Hall of Fame

    13,934
    1,984
    1,318
    Apr 3, 2007
    About 32% of Americans make less than $15/hr, meaning that they are affected by their state or the nation's minimum wage. (Even if someone is making slightly more than minimum wage, an increase in minimum wage means that they will likely receive at least some increase in salary.) The national minimum wage has not been increased since 2007. Inflation has not been zero since 2007. Had minimum wage been adjusted for inflation, these people would be making over $10/hr right now. Basically, Congress' refusal to raise minimum wage has been a 25-30% pay cut for the working poor over the last 17 years. You want the working poor to pay 15% income taxes after they received that kind of pay cut? They can't afford food and rent as it is.
     
    • Fistbump/Thanks! Fistbump/Thanks! x 1
  20. citygator

    citygator VIP Member

    12,094
    2,632
    3,303
    Apr 3, 2007
    Charlotte
    Derp derp. You can’t even defend what you type. Waist of pixels.
     
    • Agree Agree x 1
    • Funny Funny x 1