fakebritishguy
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Initially just thought it was neat to look at stats and see how much things have changed in my adult years, between red/blue states, etc., but, well, I dug too deep and now I need to go find my zoloft.
usgovernmentrevenue.com and usgovernmentspending.com aren't for the faint of heart.
Kid Tax, because I'm worrying about the world their grandparent's generation have setup to leave em. :(
CyanideBreathMint
One does not simply give oneself depression. -1
Redshadow09
vote man/girl vote we can steer the ship back its going to take time but dont give up hope also flip the bird while you are at it at boomers
FuckThemIfTheyCantTakeAJoke
It's insanity. Lobbying and bribing work.
Maaatth
Don't boo, vote.
kdr264
I’d be curious to see a graph charting statutory and effective tax rates for corporations over time
Curryfrenchfries
That also leaves out what lowered it to that effective rate though. Back then it was lowered by paying labor
Curryfrenchfries
Instead of today being lowered by paying representatives and lawyers.
Bryllyg
Try doing that but with education statistics. All day, everyday, because you decided that would be a rewarding career. I'm in therapy now.
fakebritishguy
I feel you bud, here in Texas every kid's absence takes away from the school's funding...there's also the crazy consuming school boards. :(
Bryllyg
I am also in Texas. It's a shitshow from top to bottom.
ProppaGanda
Well, feels great that you all didn't have to pay union dues now, eh? Don't worry, you can start now. https://iww.org
AlwaysInTheshadows
Corporations get tax breaks so they can pay their employees more Right???
4254
All hail the glorious job creators.
Jennnnnay
The701
PartTimeHobbit
Ha….hahahahahahaha….ha
kickmyballsrealhard
This is why I refuse to have kids. As a kid from the 90s, we never had a “great” America. That’s why our generation and beyond are 1/
kickmyballsrealhard
becoming less conservative as we age. All we’ve seen is shit and nobody doing a damn thing about it. Kids these days have the bleakest 2/
kickmyballsrealhard
outlook on their future than any generation. 3/3
aCoolBreezeOnAHotSummerDay
I think that is much more bc of things like social media. Their world is too big and it’s a me culture where you compare yourself constantly
AroAce
Nahh, the threat of fascism in the US or global warming are real dangers.
SJohnson23
In fairness, that’s because they’ve the bleakest future of any generation.
doughboywoohoo
I recently decided to not have kids unless I somehow move to a country with good social programs. But then other factors I’ve considered 1/
doughboywoohoo
Like overpopulation and potentially passing on my depression. I find that I don’t want to bring life into the world as it is currently. 2/2
dwolvin
I told a Trumper that everything that used to be good in America was paid for with corporate/ultra wealthy taxes. (pothole fixing talk)
armagetz
Ehhhhh. Dunno which arguments you made, but if it were based on marginal rates you prob made intellectually dishonest arguments. (1)
armagetz
(2)the peak of American culture occurred AFTER the crash of marginal rates. Why? Because deduction elimination mean it was one of the
armagetz
(3)the largest peacetime tax increases in history.
livingonagiantfireball
Also why can business have the cost of running business as tax deductible but people cant put the cost to live as deductible.
dwolvin
Yuuup!
icommentwithsteveharvey
IOnlyNeedOneBall
This also works at scale. My BIL is still a Trumper, and nimby as fuck. Yeah his house is an eyesore due to his lazy alcoholism.
Myrealnameisunusual
Real fucking high on drugs.
Kamchatkah
*Rrrrrrrrrrrrrrrrrrreal
aCoolBreezeOnAHotSummerDay
That was before globalization. Raise corp taxes now and companies just can move offshore, outsource,etc. It’s a different world now.
ThrowAwayAcct0000
Pretty sure the US infrastructure can't be moved offshore.
aCoolBreezeOnAHotSummerDay
Not sure how that applies
AroAce
Than some other company moves in that spot, but since these companies have such big lobbies and propaganda people bought that lie.
aCoolBreezeOnAHotSummerDay
I dont think it’s that simple
AroAce
It pretty much is, if there is a big enough market people will invest in it for profits and big companies leaving would give these markets.
dontrike
Oh no! Not......them leaving.....that's terrible?
aCoolBreezeOnAHotSummerDay
It would be terrible if you like having a job.
dontrike
And you believe if they leave no one will ever create a business again and have job openings? That's stupid.
aCoolBreezeOnAHotSummerDay
I would say consider Detroit, Philly & the 1000s of small towns that have died bc business left & never came back as examples.
OldSchoolNewRules
Its not as easy to pack up and leave as people make it sound. The markets are not moving, if they want to leave we can kill their trademarks
aCoolBreezeOnAHotSummerDay
Companies have been doing this for decades now. Ireland is the tax haven for a ton of tech companies.
Curryfrenchfries
It's actually an entire falsity since they'd still be charged taxes on business conducted here. They've already moved where they can.
Curryfrenchfries
Low taxes didn't stop them, high taxes didn't make them leave.
Curryfrenchfries
In order to really ditch the taxes they'd have to not do business and they'd be replaced instantly. Capital is more replaceable than minwage
flarflarf
and again, the tax rate you want to look at is the EFFECTIVE tax rate, the rate that is actually paid, not the marginal tax rate, the rate
chiechien
Which is drastically lower today for the 1% and .01% than it used to be.
fakebritishguy
I think I missed the first "and again" post, but I think I get your meaning. What got me was that in just the modern era, adjusting for /1
fakebritishguy
economic changes all along by using % GDP, Governments at all levels have been, effectively, carried more and more by individuals. /2
fakebritishguy
I've always heard "the middle class is dying" etc. but something hits different to see a bunch of numbers diverge like that and realize /3
fakebritishguy
how one, and their kiddos, are getting screwed over by sustained corporate oriented policymaking. :(
fakebritishguy
BUT! While googling stuff to respond learned that S Corps, created in '58, pass the taxes thru to the shareholder...not quite asbad mehbee?
flarflarf
that says how much you'd pay without any other extenuating factors.
suckstoyourauntie
I always understood 'marginal tax rate' as the rate for the next dollar you earn. Effective tax rate or average tax rate are the real ones.
flarflarf
I guess i should have said 'statutory' instead of marginal
Curryfrenchfries
It's more complex than that. Marginal rates were a thing in both time periods but the write offs were different in nature.
Curryfrenchfries
Sorry i meant effective there not marginal. The mechanisms for how they lowered it to the effective rate is important.
Curryfrenchfries
Both systems had tax write off. The older ones were mostly from paying workers more. The newer ones are from buying representatives.
Curryfrenchfries
So we start with 90% and reduce it with societal gains better paid work forces. Or start with criminally low taxes and reduce it to 0.
Curryfrenchfries
While they double tip taking tax dollars for ebt while paying people so little they need ebt.