Ohio GOP Senate Candidate Mike Gibbons: ‘Middle Class Not Really Paying … Fair Share’ in Taxes

Breitbart ^ | 10 APR 2022 | John Binder

[Chad C. Mulligan]

Mike Gibbons, the millionaire investment banker running for the United States Senate in Ohio’s Republican primary, says middle class Americans are “not really paying any kind of a fair share” in federal income taxes, a newly surfaced video reveals.

[USAF1985]

In the great immortal words of Lennie Pike (Jonathan Winters in It’s a Mad, Mad, Mad, Mad World): “Everybody has to pay taxes!- Even businessmen, that rob and steal and cheat from people everyday, even they have to pay taxes!”

[markoman]

Depends on how you define middle class.

Marko

[BiteYourSelf]

This.👍

[Gaffer]

He needs to go.....

[aquila48]

Another member of the stupid party shoots himself in both feet and his privates.

[joedish]

It is amazing to me how many party followers cannot take truth. It is very clear the top income earners pay a much larger percentage of the taxes vs the income they earn. Those are facts. https://www.ntu.org/foundation/tax-page/who-pays-income-taxes

Many here don’t appreciate facts and would rather their candidates tell them what they want to hear. Of course I would rather hear what programs specifically our candidates want to cut and why, vs much of this other nonsense about who is paying the taxes, we all pay them through higher prices of goods. It is clear with the debt constantly running up, we want the goodies without paying the freight. Many of us on all sides of the spectrum all believe others should be paying for government expenses. We have learned over the past 50 years, we cannot starve the beast, the beast just has the Fed print more money and pays the bills through inflation and by robbing our children.

[Irenic]

He’s a jackwad. Flat tax then, everyone making a dollar or a billion pay the same percentage, done.

[zeugma]

Here are the original 1913 tax rates from the original 1040 form. Note, that you paid nothing if you made less than $20,000.
(How many people made $20k+ per year in 1913?)

Here's a link to a page that has the entire 1040 form as a PDF. It is only 4 pages, with instructions!https://www.zeugmaweb.net/histdocs/income_tax.html

[ealgeone]

Complaining.

[ealgeone]

My pay stub says I am paying.

[BlackbirdSST]

“not really paying any kind of a fair share”

...and Atlas Shrugs.

[The Pack Knight]

I don’t want to distract from the main point of this thread, on which we agree: The candidate is right that the “middle class,” however you want to define it, does not pay anything that can reasonably be considered a “fair share” of federal income taxes.

However, I have to respond to your point because I don’t think we can really discuss Social Security or Medicare, or their relationship to the federal tax scheme, if we are misleading ourselves as to what these programs really are:

Social security taxes and Medicare taxes are income taxes, plain and simple. It says so right in the statute that imposes them: “In addition to other taxes, there is hereby imposed on the income of every individual a tax equal to 6.2 percent of wages..” 26 U.S.C. § 3101(a). “In addition to the tax imposed by the preceding subsection, there is hereby imposed on the income of every individual a tax equal to 1.45 percent of the wages...” 26 U.S.C. § 3101(b)(1).

These are taxes, not insurance premiums or savings. Social Security and Medicare are nothing like employee retirement or benefits plans. They are not “set aside,” they are used to fund benefits to current recipients, or for whatever Congress wants to use them for. You have contractual rights in the benefits of your 401k or pension plan, and an employer takes your 401k contribution and applies it to something else, you can sue your employer. As the Supreme Court held in Flemming v. Nestor over 60 years ago, you have no property rights at all in future Social Security benefits: If Congress applies your social security taxes to pay for a bridge to nowhere, or even decides to end social security benefits entirely, you have no recourse at all, other than to vote for a different Congressman.

[The Pack Knight]

From Article: For the first time on record, the wealthiest 400 Americans in 2018 paid a lower tax rate than all of the income groups in the United States, research highlighted by the New York Times from University of California, Berkeley, economists Emmanuel Saez and Gabriel Zucman finds.

Wait a minute: Breitbart is seriously relying on the Saez-Zucman book? A left-wing attempt to smear the Trump tax reform that, by the way, happens to be wrong? https://www.wsj.com/articles/the-irs-proves-the-lefts-economists-wrong-11584047554

[growingpains]

READ THE WHOLE QUOTE AND ARTICLE. FAKE NEWS!It was taken out context in relation to the whole quote. JD Vance behind this.

[Mr. Jeeves]

The 400 wealthiest Americans get huge tax credits for investing in things that government wants done. You could make them pay full fare, I guess - and end up with suburban hellscapes filled with mini-Cabrini Greens - but there was a time not long ago when even Democrats realized what a lousy idea that was.