(Thread) In April I recorded a Daily Show segment, on socialism, which aired last night. I went into it guarded, because obviously it's a liberal show and the consensus among conservatives is we won't be treated fairly. Plenty of people warned me not to do it.
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Add it up for Millennials and see if they're still down with the bullshit "we get free stuff" socialism these ppl are pushing. Is healthcare "free" when you pay 32% of your salary in income tax and a 25% tax on everything you buy?
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I'd have so much more respect for Bernie if he would be honest. Say you thought the Soviet system was going to work and didn't accept reality for too long when it didn't. Say you made a mistake.
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Say you think the Scandinavian CAPITALIST countries do it better than we do and admit that EVERYONE will pay much higher taxes if we implement their system in the US. Run on the reality not on the bullshit fairytale.
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Bernie really doesn't get enough pushback and we let him spout unchecked at our own peril. If he can now laughably paint himself as some sort of opponent of the Soviet Union, that's really a problem.
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So should conservatives do Daily Show? I say conservatives should get their point of view out anywhere they can, even if they are at risk of having that point of view mangled. We need to push back everywhere and we need to push back now. /fin
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In the US you only pay taxes on your taxable income. A single person in the US gets an automatic deduction of $12,000 which reduces their earnings before determining taxable income. So a person making $21,700 would owe $970 in income tax, a 4.5% effective rate.
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This assumes no other deductions, but the SD should really always be considered when talking about taxation of US earnings since everyone gets it. Also the TCJA effectively ended taxation on the working poor in the US, an odd strategy for the party that hates the poor.
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That seems low, are you excluding the 15.3% payroll tax? For a comparison to a country like Sweden, I think you have to include that.
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This is the big lie in your thread. There's no reason for the minimum threshold for income tax to rise in a higher tax regime.
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Not sure the 10% rate is correct given 51% of US taxpayers pay NO Fed tax.
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