ECON ELLIOTT

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ECON ELLIOTT

ECON ELLIOTT

@ECONELLIOTT

Economist, Political Scientist, SHRM-CP, Criminal Justice reformer. University of Delaware, University of Arizona & CSUSB Alum. Opinions are my own. 🐻👇🌵

Arizona, USA Beigetreten Haziran 2009
414 Folgt348 Follower
ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@DissentFu So 1 guy employed 80,000 individual people at one company.... And you think they DON'T create jobs? 🤔
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FiveBest
FiveBest@FiveBestIdeas·
@ECONELLIOTT @Irishmikeys @greendragonhq Wait are you under the impression that income is evenly distributed across quintiles? FICA is a flat tax. Of course bottom quintiles will contribute less relative to the overall amount collected, because their share of overall income is less
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The Green Dragon Tavern
The Green Dragon Tavern@greendragonhq·
If the bottom 50% of Americans only pay 2% of all taxes, why don’t we just ask the rich to pay 2% more so half of America can be completely tax free? To the rich, it might mean one less private jet or yacht. To the bottom 50%, it might mean not having to choose between rent, food, utilities, or healthcare.
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@FiveBestIdeas @Irishmikeys @greendragonhq This statement gives the impression that the 'poor' actually contribute, in this case, to FICA taxes.🤦🏻‍♀️ The data says they only pay a TINY percentage of what is collected, less than 4%. Even the bottom HALF of income filers pay only 18% of total Payroll Taxes collected.
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FiveBest
FiveBest@FiveBestIdeas·
@ECONELLIOTT @Irishmikeys @greendragonhq The poor pay FICA which is 15.6% of their earnings. FICA contributes roughly a third of government receipts. You don’t know this because you’re being deliberately misled
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@FiveBestIdeas @Irishmikeys @greendragonhq It's an issue of fairness. Taxes OUGHT to be fair. That's one way that people feel WILLING to pay them. Shouldn't the poorest workers contribute equal to their earnings? 🤔 Earn 11% of the income; pay (roughly) 11% of the taxes? Idk anything about Albanian taxes, only the US.
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@FiveBestIdeas @Irishmikeys @greendragonhq The bottom 20% of earners contribute a tiny portion of the total Payroll Tax revenue (FICA) because they earn a so little. In fact, only 3-4% of the $1.7 trillion collected is from the bottom quintile of earners. Still NOT their 'fair share'. 🤷🏻‍♀️ What am I misled about? 🤔
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@FiveBestIdeas @Irishmikeys @greendragonhq FICA isn't income taxes. It isn't used by the gov for general funds / discretionary spending. 90% of income tax filers (almost EVERYONE, not only the poor) pay only 7.65% of their earnings to FICA, but don't pay income taxes on that 'income'. Businesses pay the other half.
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Nate's Weather
Nate's Weather@natesweather·
@Irishmikeys @greendragonhq And the top 10% make their income off the Labor of the bottom 90%. And the top 20% make their income off that underpaid slave labor. So your point is?
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Aleksandr
Aleksandr@realdanihgh·
@Irishmikeys @greendragonhq Well the top 10% also pay 70% of all income taxes collected so they are obviously are paying their fair share.
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@Irishmikeys @greendragonhq Why don't the poor pay their fair share....11.5% of income taxes? How is the people who earn 88.5% of the income paying 97% of the taxes fair? 🤔
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Irish@Irishmikeys·
@greendragonhq THE TOP 10% RICH MAKE 50% OF THE 💰 The bottom 50% of U.S. taxpayers Make 11.5% of total.
Irish tweet media
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@ValforNevada It's cute how you think because a government said something that it will happen, equitably, across an entire nation, soon. Or is it terribly ignorant? Did you just get here, to earth?
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@jimthegiant Poorer? Who is poorer? Do you have any evidence for that statement...or just propaganda?
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@tonyannett I think you mean state-allowed. Governments stopped over-regulating to allow industrialization.
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@HarleyShah Death? Death seems pretty bad. The misery that precedes it can't be great, either.
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@PardonMyPain What do you have against Albania? 🤷🏻‍♀️
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@APuppyPlushie If you are planning on leaving the country, your credit rating won't matter. So, maybe you don't have to pay for it? I'm not suggesting you commit fraud, but there are always other options.
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@APuppyPlushie I'm trying to help, but you aren't making it easy. You seem very angry, and I'm sorry about that. This isn't the best venue for offering solutions to your current situation. But, I'm trying.
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Slush Puppy
Slush Puppy@APuppyPlushie·
@ECONELLIOTT either read my reply or fuck off. stop asking me questions i just answered
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ECON ELLIOTT
ECON ELLIOTT@ECONELLIOTT·
@APuppyPlushie Well, if you have a car payment, you can sell that car and buy an older one. That would save your monthly budget a lot of money. Make sure your insurance premiums will go down with your new choice. Some older cars actually have higher insurance costs.
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