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11/20/2019 5:07:11 PM
Posted: 10/29/2013 5:18:30 AM EST
50% 60%? 80% Of their income before taking action? Massive protests, voting out large number of politicians etc





















Link Posted: 10/29/2013 5:20:28 AM EST
"meet the new boss same as the old boss" until americans make these fucks in politics individually accountable for their stupidity it will continue.... After about a dozen or so get tarred and feathered by their constituants then shit will change.
Link Posted: 10/29/2013 5:23:11 AM EST
IMO they will endure a lot. The high rates below were in effect at a time (before cable and the interwebs) when more people were paying attention:

Link Posted: 10/29/2013 5:25:15 AM EST
[Last Edit: 10/29/2013 5:25:30 AM EST by Essayons]
Double post
Link Posted: 10/29/2013 5:29:02 AM EST
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Originally Posted By Essayons:
IMO they will endure a lot. The high rates below were in effect at a time (before cable and the interwebs) when more people were paying attention:

http://www.ritholtz.com/blog/wp-content/uploads/2012/08/dfadf.png
View Quote


you could deduct EVERYTHING though when the tax rate was at the 90% level so it is tough to compare.
Link Posted: 10/29/2013 5:29:10 AM EST
Originally Posted By dbmers:
50% 60%? 80% Of their income before taking action? Massive protests, voting out large number of politicians etc





















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Nobody who riots will get taxed that heavily.
People who do get taxed that heavily will find shelters or leave the country.
Link Posted: 10/29/2013 5:32:59 AM EST
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Originally Posted By Essayons:
IMO they will endure a lot. The high rates below were in effect at a time (before cable and the interwebs) when more people were paying attention:

http://www.ritholtz.com/blog/wp-content/uploads/2012/08/dfadf.png
View Quote



There we just a few taxes in those high tax periods. Now there are hundreds of tax streams. Added together we are probably way higher than that chart shows.
Link Posted: 10/29/2013 5:33:59 AM EST
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Originally Posted By snakes19:


you could deduct EVERYTHING though when the tax rate was at the 90% level so it is tough to compare.
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Originally Posted By snakes19:
Originally Posted By Essayons:
IMO they will endure a lot. The high rates below were in effect at a time (before cable and the interwebs) when more people were paying attention:

http://www.ritholtz.com/blog/wp-content/uploads/2012/08/dfadf.png


you could deduct EVERYTHING though when the tax rate was at the 90% level so it is tough to compare.


Good point - If you could still deduct credit card interest, most Americans would have a much lower tax bill than they do now. There are definitely way fewer tax breaks than there used to be. My point was as much about Bread and Circuses as effective tax rates. As long as Americans have cable, internet and cheap consumer goods I don't see them rising up.
Link Posted: 10/29/2013 5:37:15 AM EST
[Last Edit: 10/29/2013 5:39:13 AM EST by America-first]
If the tax rates are increased incrementally steadily over time, the masses will not be aware that they have been effectively rendered asset free serfs.

I'm fact, it's already happened.

Obamacare will increase the amont of income the average American will be forced to pay for health care which reduces greatly discretionary income; and in its defense of Obamacare in SCOTUS, the Democrats argued that it isn't, in fact, a tax.

The majority of wealth held by the average American, was in the form of residential real estate.

The Democrats promulgated lending policies that decimated the value of personally occupied homes thereby wiping out a huge portion of the wealth of Americans.

The entire economy is currently limping along on the premiss of virtually free money being extended to banks and top other lending institutions, at the expense of the owners of that money; the average American, the majority of whose liquid assets are represented by bank savings deposits.

The fact is that American are already being subjected to honorous confiscatory policies and haven't picked up their muskets yet because they haven't connected the dots.

It's probably too late anyway.
Link Posted: 10/29/2013 5:46:10 AM EST
Hell most aren't paying taxes so most aren't affected.
Link Posted: 10/29/2013 5:47:24 AM EST
right up until I decide to pour my tea (or insert some other socially appropriate beverage here) into the bay...
Link Posted: 10/29/2013 5:51:28 AM EST
[Last Edit: 10/29/2013 5:52:00 AM EST by AlvinYork]
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Originally Posted By ar154all:
right up until I decide to pour my tea (or insert some other socially appropriate beverage here) into the bay...
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EPA gonna getcha, better watch out. And they're armed now.
Link Posted: 10/29/2013 6:53:02 AM EST
[Last Edit: 10/29/2013 6:53:19 AM EST by _DR]
Originally Posted By dbmers:
50% 60%? 80% Of their income before taking action? Massive protests, voting out large number of politicians etc


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At this point we are Tax Slaves and will endure whatever our overlords tell us to.
Link Posted: 10/29/2013 7:08:19 AM EST
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Originally Posted By _DR:



At this point we are Tax Slaves and will endure whatever our overlords tell us to.
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Originally Posted By _DR:
Originally Posted By dbmers:
50% 60%? 80% Of their income before taking action? Massive protests, voting out large number of politicians etc





At this point we are Tax Slaves and will endure whatever our overlords tell us to.


The proof of which is that the productive class of working Americans has already submitted, having been reduced by taxation, social engineering, and government policy decisions.

Link Posted: 10/29/2013 7:16:16 AM EST
When people can't afford their cable bill the shit will hit the fan, until then the Gov can tax away.
Link Posted: 10/29/2013 8:55:04 AM EST
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Originally Posted By Jeepsnguns81:
When people can't afford their cable bill the shit will hit the fan, until then the Gov can tax away.
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How far behind Obamaphones can Obamacable be?
Link Posted: 10/29/2013 8:58:06 AM EST
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Originally Posted By AlvinYork:
Hell most aren't paying taxes so most aren't affected.
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This.

50% of the country doesn't pay.

The top end has so much money anyhow, they don't care.

It's only the middle class that cares about taxes, and that segment of the population is shrinking in on both ends.


OP's first mistake is assuming that "Americans" are middle class anymore. They aren't.
Link Posted: 10/29/2013 8:59:49 AM EST
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Originally Posted By regalrocket:



There we just a few taxes in those high tax periods. Now there are hundreds of tax streams. Added together we are probably way higher than that chart shows.
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Originally Posted By regalrocket:
Originally Posted By Essayons:
IMO they will endure a lot. The high rates below were in effect at a time (before cable and the interwebs) when more people were paying attention:

http://www.ritholtz.com/blog/wp-content/uploads/2012/08/dfadf.png



There we just a few taxes in those high tax periods. Now there are hundreds of tax streams. Added together we are probably way higher than that chart shows.


This
property tax
gas tax
sin tax (alcohol and tobacco)
sales tax
phone tax
water tax
electricity tax
natural gas tax
cable tv tax

Most everything you spend your already taxed money on is taxed again.
Link Posted: 10/29/2013 10:03:57 AM EST
I now see why the 50's were so stupendous, "Happy Days"
Link Posted: 10/29/2013 10:28:04 AM EST
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Originally Posted By Jeepsnguns81:
When people can't afford their cable bill the shit will hit the fan, until then the Gov can tax away.
View Quote



Cable tv and cell phone service used to be among the rewards of a productive lifestyle.

These days; welfare recipients expect, and receive, those perks compliments of the government which pays for it with money taken from these who work and pay taxes.
Link Posted: 10/29/2013 11:06:16 AM EST
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Originally Posted By America-first:



Cable tv and cell phone service used to be among the rewards of a productive lifestyle.

These days; welfare recipients expect, and receive, those perks compliments of the government which pays for it with money taken from these who work and pay taxes.
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Originally Posted By America-first:
Originally Posted By Jeepsnguns81:
When people can't afford their cable bill the shit will hit the fan, until then the Gov can tax away.



Cable tv and cell phone service used to be among the rewards of a productive lifestyle.

These days; welfare recipients expect, and receive, those perks compliments of the government which pays for it with money taken from these who work and pay taxes.

It's kinda like the europeans who for the last 65 years have been able to pay for their socialized societies because we have been paying for their defense. When you don't have to pay for a necessity like actually spending on your family, food for said family, housing, energy, phone, or medical care, you get to spend on things like monster sized flat screen TVs, extra special rims on your car, your drug habit, your booze habit, and that other baby momma you're staying with.
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