[Sunnyways]

stratos stratos:

To try and get this back on track. About a year ago I seen a blip about NY and the top % of the rich every time they raised the Taxes on the top % (Rich) they same people would just move out of state. Not only did they lose the extra tax revenue they thought they were going to get the lost the tax revenue that they were getting from the top %.

I saw something like that about Connecticut which has a lot less to offer than NY, esp. NYC.

https://www.courant.com/news/connecticu ... story.html

Years ago, when I moved to Alberta I made sure to do it later in the year to save some tax. Anyway, a move within a country is quite different from a move out of a country. The Yanks usually manage to make handing in the passport a painful business for the wallet whereas in Britain, with the right bean counters, you can leave for tax purposes and still stay for everything else.

[BeaverFever]

Thanos Thanos:

BartSimpson BartSimpson:

Canada is not a democracy.

Nope. And most of us don't know what it is anymore. My best guess is it's an illusion that's rapidly fading away, like a fogbank obscuring a dank background does when the warmth of the sun hits it. When the mist disappears it's no long possible for anyone with eyes that still see to ignore the rot that was hiding behind it.

It’s a democracy where’s conservatives and right-of-centres only make up a minority so constantly complain it’s not a democracy because they can’t have their way

[BeaverFever]

If it really is so easy for the ultra-rich to relocate to lower-tax countries they would have emigrated to low-tax third-world shitholes like Panama, Somalia and Liberia 100 years ago when the progressive tax system was first introduced. But there’s a reason why they don’t actually do that. They want to live in a First World country not s third world shithole and a First World country only works with a progressive tax system that redistributes some wealth from the richest elites to the rest of society. And despite paying higher taxes than if they lived in a shithole, they’ve only gotten richer and richer as result of living in a First world country because those taxes create a more prosperous and stable society with more economic opportunity for them. Not much profit to be made in the Panamanian Stock exchange you see

[DrCaleb]

BartSimpson BartSimpson:

Just a note:

A "millionaire" is anyone who has a net worth of over one million dollars.

That does not necessarily include every person whose annual gross income exceeds one million dollars because taxes reduce their incomes to under one million dollars or because their debts exceed their assets.

My wife and I are "millionaires" in terms of our assets but our net annual income combined is far less than one million dollars.

^^^

That would put most people in the top 10% of earners in the category of 'millionaires'. The top .01% would be the billionaires. The ones who earn more on January 2nd than I do all year.

uwish uwish:

again get a calculator.

More with the insults. Go back to the link I keep providing to back up MY argument.

$1:

Chart 1
Shares of total income by selected income group, Canada, 2006 to 2017

https://www150.statcan.gc.ca/n1/daily-q ... 01-eng.htm

The only group in that table, see "TABLE" you have to scroll down a little, whose share of total income exceeds 30% toward general revenues is the top 10% earners. The millionaires (1%) are less than 12% and Billionaires (.01%) are less than 2%. None approach the 40% that a minimum wage slave pays.

I didn't even have to count anything on my fingers.

[uwish]

Sigh**I may have to have in intervention. That table does not show the amount of income tax they pay. It shows their percentage of tax AS COMPARED to the top 10%. The table below validates my point that..>70% of all personal income tax collected comes from the top 10% earners in Canada.

On your wonderful chart doc, click sources. It is right at the bottom of the graph. That takes you here. (Give it time to load).

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110005501&pickMembers%5B0%5D=1.1&pickMembers%5B1%5D=3.1

Now make sure you select top 0.01 income groups from the pull down menu and you get something like this..

https://ibb.co/mvjmhG4

you can select any percentile, but since you claim the top 0.01 don't pay 40% in tax lets focus on that group.

The data is pretty interesting apparently in Canada there are 2780 people who are in this group (stats can defines the top 0.01 earners as anyone with an income > $2.7M)

Then it shows Median and Average income. Now this part is interesting of those 2780 people the median income is $4.137M but the average is $5.55M. That tells me that there are more people making the upper end of this distribution than are in the lower end.

But lets go to the crushing point of your own data set Doc.. just further down is list median and average provincial and federal income taxes paid by this 0.01 % top earners in Canada.

Do you see it?

$1.755M and $2.165M

That means if the average 0.01% person make the average of $5.55M last year he paid $2.165 M in income tax..

now here is the math part, I know you struggle so let me do it for you.

$2.165M / $ 5.5M = 0.39 so the average 0.01 % earner paid 39% in income tax, the median if you do the math for that paid 0.42 or 42% of their wage in income tax.

So, what that means is your argument is null and void, you have not read the graph correctly (5th time now?) the graph is not indicating the % of tax they pay but the % of money collected COMPARED TO THE TOP 10%.

It validates that >70% of all personal income tax collected in Canada IS FROM the top 10% earners AND...they DO INDEED pay 40% of their wage in taxes UNLIKE your claim.


So you can continue to hate the rich, but we all would be fucked without them.
QED

[CharlesAnthony]

article article:

Lawyers and accountants for the UK’s richest families said they had been deluged with calls from millionaire and billionaire clients asking for help and advice on moving countries, shifting their fortunes offshore and making early gifts to their children to avoid the Labour leader’s threat to tax all inheritances above £125,000.

As long as the little people are convinced that UK's richest families leave the fate of their family fortunes in the hands of people-who-check-boxes-on-scraps-of-paper-every-few-years then all is good in the empire.

uwish uwish:

do you know how many min wage jobs it would take to replace the taxes paid by a millionaire?

As long as the people who work minimum wage jobs are convinced that millionaires pay taxes, then the maths do not matter.





Phase 2: Tighten the screws on the labor class and make it impossible for the lower castes to rise up.

[Sunnyways]

BeaverFever BeaverFever:

If it really is so easy for the ultra-rich to relocate to lower-tax countries they would have emigrated to low-tax third-world shitholes like Panama, Somalia and Liberia 100 years ago when the progressive tax system was first introduced. But there’s a reason why they don’t actually do that.

Happily, Britain offers two oligarch-friendly solutions to this dilemma: for the foreigner, there is non-dom status where one pays a modest yearly fee to live in London and the authorities forget about overseas income (sometimes rather blood-stained); and for your local lad made good, there is foreign tax residence so one can still live in London while pretending to live abroad, and the authorities forget about overseas income (hopefully less blood-stained).

[DrCaleb]

I know I shouldn't have trolled uwish like that, but I very much enjoyed doing it.

[uwish]

at least you learned something....

[DrCaleb]

Yes, which buttons of yours to push to get you angry.

That is the purpose of a good troll.

[uwish]

true, but I don't think that was your intent, I think you wanted people to believe that because you held so steadfast to an ideology that just isn't valid and you needed a way out.

But that's just my guess.

[BartSimpson]

Fortunately for the UK their voters soundly rejected the Marxist Liberal party and they also told the globalists like Soros to go fuck themselves.

Many on the left saw this election as an opportunity for a second referendum on the UK leaving the FEUrth Reich and guess what? It was.

[Thanos]

Good for the British rich. All is well in their world. They can keep playing 120 Days of Sodom at home instead of having to transfer their never-ending circus lifestyle to another country!

[llama66]

BartSimpson BartSimpson:

Fortunately for the UK their voters soundly rejected the Marxist Liberal party and they also told the globalists like Soros to go fuck themselves.

Many on the left saw this election as an opportunity for a second referendum on the UK leaving the FEUrth Reich and guess what? It was.

For now.

[DrCaleb]

uwish uwish:

true, but I don't think that was your intent, I think you wanted people to believe that because you held so steadfast to an ideology that just isn't valid and you needed a way out.

But that's just my guess.

You'd guess wrong. You wanted me to prove my sarcastic comment. That stirred up all those skills I learnt back in the 90s trolling on Slashdot. The hard part was picking statistics that almost, but not quite, proved my point then feigning ignorance when you kept explaining my mistake over and over to me.

Believe as you wish. But know I meant no disrespect, only to prove a point.