Obama Health Plan to tax the rich

JOEJOEJOE

scb wrote:

JOEJOEJOE wrote:

Anyone in the 40% bracket most likey has investments, and the tax rates on ordinary dividends and long-term capital gains are way below 40%.

High net worth individuals who derive a great deal of income from their investments get very favorable tax treatment., and, they have many options to commit tax evasion, which is just as bad as welfare fraud.

You're an accountant, right? Or am I confusing you with someone else?

Yep...CPA

SundaySilence

jlew24asu wrote:

SundaySilence wrote:

jlew24asu wrote:

when is enough, enough?

This emotional plea comes up barren when faced with the facts that today in the United States the wealthy are taxed less than most other industrialized countries, and less than even the United States itself historically since it became an economic power post WWII.

why should the wealthy be taxed as much as other nations? just because other nations do it, doesnt make them right and us wrong.

"Enough is enough" lends itself to the sentiment that your not happy with the current situation and you don't want things to get worse. You seem to be referring to the American tax policy as wrong, not right.

But its perfectly reasonable to look at our own history, or beyond our borders to similar cultures with similar values for perspective.

decides2dream

SundaySilence wrote:

"Enough is enough" lends itself to the sentiment that your not happy with the current situation and you don't want things to get worse. You seem to be referring to the American tax policy as wrong, not right.

But its perfectly reasonable to look at our own history, or beyond our borders to similar cultures with similar values for perspective.

wherein the hell have you been? you seriously need to visit us, and post, more often.

jlew24asu

SundaySilence wrote:

"Enough is enough" lends itself to the sentiment that your not happy with the current situation and you don't want things to get worse. You seem to be referring to the American tax policy as wrong, not right.

But its perfectly reasonable to look at our own history, or beyond our borders to similar cultures with similar values for perspective.

all true. and what I dont want is higher taxes for anyone. I want lower taxes with less loopholes. find me another country that does that and I'll be happy to agree.

PearlJain

scb wrote:

jlew24asu wrote:

when is enough, enough? people who make $350k a year already pay the MOST and now you want to tax them more.

what happens when 5% isn't enough to pay for this plan. should we just tack on another 5%? no no, maybe 15%. because thats what it will probably end up costing.

and its almost hilarious that some here think its selfish for OTHERS not to pay more in taxes. are those of you who want the rich to pay for everything going to donate more of your check to the IRS voluntarily? if not, why are you so selfish?

I think it's selfish for rich people to think they are more deserving of health care than poor people.

Lesson #1 - Don't call a poor person "poor."
Lesson#2 - See Lesson #1.

You appear judgemental - just in your response. You're not currently "looking down your nose" right now - are you? Learn a new term. Can you please define what you mean by "poor?" There are so many shades of it. I find the term "poor" offensive.

Gern Blansten

JOEJOEJOE wrote:

scb wrote:

JOEJOEJOE wrote:

Anyone in the 40% bracket most likey has investments, and the tax rates on ordinary dividends and long-term capital gains are way below 40%.

High net worth individuals who derive a great deal of income from their investments get very favorable tax treatment., and, they have many options to commit tax evasion, which is just as bad as welfare fraud.

You're an accountant, right? Or am I confusing you with someone else?

Yep...CPA

I'm a CPA too so I'm wondering about your statement "they have many options to commit tax evasion"....what options are you referring to? tax evasion being illegal and all....or did you mean tax avoidance?

And it is actually "qualified" dividends that get preferential tax rates not ordinary...

Gern Blansten

jlew24asu wrote:

SundaySilence wrote:

"Enough is enough" lends itself to the sentiment that your not happy with the current situation and you don't want things to get worse. You seem to be referring to the American tax policy as wrong, not right.

But its perfectly reasonable to look at our own history, or beyond our borders to similar cultures with similar values for perspective.

all true. and what I dont want is higher taxes for anyone. I want lower taxes with less loopholes. find me another country that does that and I'll be happy to agree.

what loopholes are you referring to?

PearlJain

jlew24asu wrote:

SundaySilence wrote:

"Enough is enough" lends itself to the sentiment that your not happy with the current situation and you don't want things to get worse. You seem to be referring to the American tax policy as wrong, not right.

But its perfectly reasonable to look at our own history, or beyond our borders to similar cultures with similar values for perspective.

all true. and what I dont want is higher taxes for anyone. I want lower taxes with less loopholes. find me another country that does that and I'll be happy to agree.

It's okay to stand strong in your beliefs - despite the fallout you may receive.

_

PearlJain wrote:

scb wrote:

I think it's selfish for rich people to think they are more deserving of health care than poor people.

Lesson #1 - Don't call a poor person "poor."
Lesson#2 - See Lesson #1.

You appear judgemental - just in your response. You're not currently "looking down your nose" right now - are you? Learn a new term... I find the term "poor" offensive.

Are you for real??? :? :roll: :?

PearlJain wrote:

Can you please define what you mean by "poor?" There are so many shades of it.

In this context, I mean those who can't afford to pay for health care.

PearlJain

SundaySilence wrote:

jlew24asu wrote:

when is enough, enough?

This emotional plea comes up barren when faced with the facts that today in the United States the wealthy are taxed less than most other industrialized countries, and less than even the United States itself historically since it became an economic power post WWII.

Wikipedia?

SundaySilence

decides2dream wrote:

SundaySilence wrote:

"Enough is enough" lends itself to the sentiment that your not happy with the current situation and you don't want things to get worse. You seem to be referring to the American tax policy as wrong, not right.

But its perfectly reasonable to look at our own history, or beyond our borders to similar cultures with similar values for perspective.

wherein the hell have you been? you seriously need to visit us, and post, more often.

Hi decides2dream. I've been lurking, but I haven't had as much time to post as I used to.

PearlJain

scb wrote:

PearlJain wrote:

scb wrote:

I think it's selfish for rich people to think they are more deserving of health care than poor people.

Lesson #1 - Don't call a poor person "poor."
Lesson#2 - See Lesson #1.

You appear judgemental - just in your response. You're not currently "looking down your nose" right now - are you? Learn a new term... I find the term "poor" offensive.

Are you for real??? :? :roll: :?

PearlJain wrote:

Can you please define what you mean by "poor?" There are so many shades of it.

In this context, I mean those who can't afford to pay for health care.

Am I for "Real." Kinda. Seriously dude, pick another term versus "poor." I am somewhat intelligent - and knew what you meant. Just proving a point (at your expense) is all. Great Avitar, BTW.

_

PearlJain wrote:

scb wrote:

PearlJain wrote:

Lesson #1 - Don't call a poor person "poor."
Lesson#2 - See Lesson #1.

You appear judgemental - just in your response. You're not currently "looking down your nose" right now - are you? Learn a new term... I find the term "poor" offensive.

Are you for real??? :? :roll: :?

PearlJain wrote:

Can you please define what you mean by "poor?" There are so many shades of it.

In this context, I mean those who can't afford to pay for health care.

Am I for "Real." Kinda. Seriously dude, pick another term versus "poor." I am somewhat intelligent - and knew what you meant. Just proving a point (at your expense) is all. Great Avitar, BTW.

And what point was that, exactly?

PearlJain

Some people are just born to be instigators. No interest here. Sorry.

SundaySilence

SundaySilence wrote:

"Enough is enough" lends itself to the sentiment that your not happy with the current situation and you don't want things to get worse. You seem to be referring to the American tax policy as wrong, not right.

But its perfectly reasonable to look at our own history, or beyond our borders to similar cultures with similar values for perspective.

jlew24asu wrote:

all true.

so you agree...

jlew24asu wrote:

and what I dont want is higher taxes for anyone. I want lower taxes with less loopholes. find me another country that does that and I'll be happy to agree.

...but you're not happy about it...how about Mexico...

happy now?

But if you look at the most successful economies in history you will find progressive taxation and moderate redistribution of wealth.

Gern Blansten

SundaySilence wrote:

SundaySilence wrote:

"Enough is enough" lends itself to the sentiment that your not happy with the current situation and you don't want things to get worse. You seem to be referring to the American tax policy as wrong, not right.

But its perfectly reasonable to look at our own history, or beyond our borders to similar cultures with similar values for perspective.

jlew24asu wrote:

all true.

so you agree...

jlew24asu wrote:

and what I dont want is higher taxes for anyone. I want lower taxes with less loopholes. find me another country that does that and I'll be happy to agree.

...but you're not happy about it...how about Mexico...

happy now?

But if you look at the most successful economies in history you will find progressive taxation and moderate redistribution of wealth.

yep...it's like the old saying...our (tax) system sucks but it's better than the others

PearlJain

Gern Blansten wrote:

PearlJain wrote:

Some of you sound like very angry broke people..... Attack and clobber the rich people whom earn $350,000 a year! Be for real. I don't think it's wise to attack the small business owner - as it's the same as slitting your own economic throats. BTW - Bill Gates is a Billionaire. I don't see him living in a shack. Do you think he will be first in line to accept this Healthcare Plan? Why all of the anger? You got the President you wanted, with a Democratic Congress to boot. I'm the one whom should be angry. :roll:

I have a hard time believing that raising the income tax 5% on someone making $350,000 per year is "clobbering"

Your Avitar is scarey.... Just like your obvious non-understanding of what is going on within this country.

Gern Blansten

PearlJain wrote:

Gern Blansten wrote:

PearlJain wrote:

Some of you sound like very angry broke people..... Attack and clobber the rich people whom earn $350,000 a year! Be for real. I don't think it's wise to attack the small business owner - as it's the same as slitting your own economic throats. BTW - Bill Gates is a Billionaire. I don't see him living in a shack. Do you think he will be first in line to accept this Healthcare Plan? Why all of the anger? You got the President you wanted, with a Democratic Congress to boot. I'm the one whom should be angry. :roll:

I have a hard time believing that raising the income tax 5% on someone making $350,000 per year is "clobbering"

Your Avitar is scarey.... Just like your obvious non-understanding of what is going on within this country.

heh....actually what is scary is that I know what I'm talking about and there's like only 5 of us

jlew24asu

SundaySilence wrote:

so you agree...

I agree with your assesment that I'm not happy with the current path of over taxing.

SundaySilence wrote:

...but you're not happy about it...how about Mexico...

happy now?

what about Meixco? I'm not familiar with their tax system.

SundaySilence wrote:

But if you look at the most successful economies in history you will find progressive taxation and moderate redistribution of wealth.

such as?

also, define "moderate redistribution of wealth"

jlew24asu

Gern Blansten wrote:

what loopholes are you referring to?

deductions among other things. I support lower taxes across the board, or a flat tax. I think the government would make more money and people would have more in their pockets.