Bernie Sanders to win Nevada at -180
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trytrytrySBR Posting Legend
- 03-13-06
- 23650
#141Comment -
guitarjoshSBR Hall of Famer
- 12-25-07
- 5797
#142Why are you using 2011 charts, is it because you are a deceptive liar like Trump ???? The Trump Tax Scam gave Massive tax breaks to Billionaires and Large corporations, you probably knew that already though, that is why you used a 2011 chart or maybe you are just a sucker that buys everything the corrupt GOP throws out there.
There is a vehement and polarized debate going on in this country about our budget deficit.
One side argues that America's taxes (revenue) are already much too high and that the budget problem is "just a spending problem."
The other side, meanwhile, argues that the deficit is the result of a combination of factors, including economic growth being too slow, spending being too high, and taxes being too low.
Obviously, this is a philosophical argument more than anything else.
The conservative side of this argument believes that the government should not support poorer, older, sick, or out-of-work Americans--and, therefore, that we should cut a huge portion of our government spending.
The liberal side, meanwhile, thinks America should continue to support poorer, older, sick, and out-of-work Americans--and, therefore, that we should continue to have the government spend on these programs.
Reasonable people can disagree philosophically.
And it is certainly worth having an ongoing national conversation about what sort of country we want America to be.
But one fact should be kept in mind during this argument.
America is NOT a high-tax country.
In fact, America is a relatively LOW-tax country, when compared to almost all other developed countries in the world.
What those who are saying that America should continue to cut taxes are arguing, therefore, is that America's government should provide far fewer services than the governments of most developed countries do.
Don't believe it?
Take a look at these charts.
They're from an excellent new KPMG report on global tax rates.
These charts are based on 2012 taxes, and some U.S. taxes have increased since 2012, but the U.S. will still rank relatively low.
Before you look, here are some key points:
- These charts include Social Security taxes. They're the blue part of the bars.
- These charts include state taxes (KPMG used New York State tax rates, which are relatively high).
- These charts do not income capital gains taxes, which, in the US, are quite low. So, in terms of overall taxation, the US's global ranking may actually be overstated.
- These charts do not include "VAT" taxes that appear in many other developed countries. They also don't include state sales taxes, which can be viewed as the same thing as a VAT tax.
So here you go.
For those who make $100,000 a year, the U.S. is the 55th-ranked country in terms of total taxes (click for larger):
KPMG For those who make $300,000 a year, meanwhile, U.S. rates rates are a little more punitive. For these folks, the U.S. is the 53rd highest ranked country:
KPMGComment -
jjgoldSBR Aristocracy
- 07-20-05
- 388179
#143Rich people create jobs
Poor people create crime
Thank YouComment -
guitarjoshSBR Hall of Famer
- 12-25-07
- 5797
#144Yep, the rich aren't paying enough and they're taking too much.
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khicks26SBR Aristocracy
- 09-16-06
- 45704
#145Comment -
khicks26SBR Aristocracy
- 09-16-06
- 45704
#150Comment -
louisvillekidSBR Hall of Famer
- 08-14-07
- 9262
#151Thanks for posting the study and making my point. Have you looked at what someone who makes $100,000 in America pays? 26%, while in Denmark that number is 42.5%. Do you seriously think $100,000 is a lot of money in many cities in America? Have you ever bothered to look at what someone who makes 40 or 50 k a year pays in taxes in America compared to Denmark or Sweden? The reality is that they pay a much higher rate, and if Bernie wants to be more like those places, he will have to drastically increase the tax rates on regular Americans. I don't mean just in income taxes, I mean VAT/sales taxes, raise tariffs, etc, that will be considered "regressive"
But I am going to throw in my 2 cents on whether making 100k a year is a lot of money in most US cities. I say Yes.
People that I know making 100k, or just slightly above or below, are doing pretty well in the cities they live in.
Plus the average US weekly salary on a 40 hour week, is around $900(yes the numbers may be higher or lower, and depends on the source), which is about roughly 47k a year. So a person making 100k, and if they hypothetically got taxed at 50%, would still earn more than the overall average salary before taxes.
My bro earns barely over 100k, and lives in what's considered a nice area of city. His wife hardly ever works. When she does, it's small change.
They eat out like almost every night. Go out of town to concerts and festivals almost every week.
My bro-in-law earns around 100k, i think just under that. My sis works just an average retail job in CS. They live in a nice area of town in their city, two nice newer model vehicles, eat out for dinner all the time, and their kid is active in sports and hobbies, so they have the extra money for all of that.
So yes, I think 100k is a decent amount for most people, in most of the US.Comment -
JMobileSBR Posting Legend
- 08-21-10
- 19074
#152Comment -
thomorinoRestricted User
- 06-01-17
- 45842
#153Bernie is now -420 at heritage, and basically even with Biden in South Carolina in the betting market after new polls came outComment -
RudyRuetiggerSBR Aristocracy
- 08-24-10
- 65084
#154the videos of bernie supporters losing the presidential election will be 100x funnier than those of clinton supporters in 2016Comment -
Jayvegas420BARRELED IN @ SBR!
- 03-09-11
- 28213
#155I think youre right there Rudy.
There wont be anything funny about watching Trump supporters if they lose.Comment -
15805SBR MVP
- 06-10-12
- 3604
#156
Bookmaker.eu has Sanders at:
DEMOCRATIC NEVADA PRESIDENTIAL CAUCUS WINNER
Bernie Sanders -1100Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#157Nevada Today
Comment -
wikkidinsaneSBR Posting Legend
- 05-30-10
- 13799
#158No he is a communist. Even James Carville called him one. The thing is when people think of communism they think of Stalin and Castro. All his policies are State run initiatives which are the hallmarks of communism.
I get your point about the party thing but it's just dumb that an independent is running for the Democratic party nomination.Comment -
thomorinoRestricted User
- 06-01-17
- 45842
#160
I'm not here to debate the whole tax rate and compare one countries monetary value and tax rates vs another country, and blah blah blah.
But I am going to throw in my 2 cents on whether making 100k a year is a lot of money in most US cities. I say Yes.
People that I know making 100k, or just slightly above or below, are doing pretty well in the cities they live in.
Plus the average US weekly salary on a 40 hour week, is around $900(yes the numbers may be higher or lower, and depends on the source), which is about roughly 47k a year. So a person making 100k, and if they hypothetically got taxed at 50%, would still earn more than the overall average salary before taxes.
My bro earns barely over 100k, and lives in what's considered a nice area of city. His wife hardly ever works. When she does, it's small change.
They eat out like almost every night. Go out of town to concerts and festivals almost every week.
My bro-in-law earns around 100k, i think just under that. My sis works just an average retail job in CS. They live in a nice area of town in their city, two nice newer model vehicles, eat out for dinner all the time, and their kid is active in sports and hobbies, so they have the extra money for all of that.
So yes, I think 100k is a decent amount for most people, in most of the US.Comment -
louisvillekidSBR Hall of Famer
- 08-14-07
- 9262
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thomorinoRestricted User
- 06-01-17
- 45842
#162Poll out today shows Bernie up 20, if he wins by 20 and Biden doesn't come in second Biden is likely done in South Carolina.Comment -
thomorinoRestricted User
- 06-01-17
- 45842
#163Winner
Political Threads +2 unitsComment -
lakerboySBR Aristocracy
- 04-02-09
- 94379
#165I was on man city ml today. Easy money.Comment -
thechaozSBR Posting Legend
- 10-23-09
- 12154
#166Ez gameComment -
jjgoldSBR Aristocracy
- 07-20-05
- 388179
#167Easy winner
Sanders a lock to be dem canComment -
TheGuesserSBR MVP
- 08-10-05
- 2714
#168Comment -
DrunkHorseplayerSBR Hall of Famer
- 05-15-10
- 7719
#169It's early but Sanders has almost as many votes as Biden, Buttigieg and Warren combined; if that holds, the nomination is all but over.Comment -
DwightShruteSBR Aristocracy
- 01-17-09
- 103420
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jjgoldSBR Aristocracy
- 07-20-05
- 388179
#173Dems dying Sanders winning so farComment
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