"By the time I feed my family, I have maybe $400,000 left over."
-- Rep. John Fleming (R-LA), in an interview on MSNBC, on why as a small business owner he can't afford a tax increase.
tax them. free ride is over...
Did you really just say that. Holy shit. Last time I heard such nonsense was here a days ago.
Free ride for THE taxpayers....ha
actually these rich pricks have gotten more welfare than all of the poor on welfare. they have been taken care of with tax breaks, some in the single digits of a percent, been bailed out by tax payers when necessary, had their industries deregulated to allow them to make more money....so yeah...the wealthy have benefitted enough under the current situation. why do they deserve a tax rate at a lower percent than the middle and lower classes?? surely not to create the jobs that they have not created in the last 10 years, right??? the middle and lower class pay an unfair burden when they have a higher percentage rate of their gross income going to the government. the rich can afford to pay more in taxes, so they should do the patriotic thing and offer to help keep the deficit from getting even more out of control.
the real class warfare is the rich against the rest of us...and it has always been that way...
"You can tell the greatness of a man by what makes him angry." - Lincoln
It has nothing to do with changing jobs. Do you have a choice in whether you pay income taxes or not?
In high school, my friend worked for a couple who owned a small farm and these farmers declared they were not going to pay taxes ... even going so far to declare their farm a sovereign nation. After the raid which included over 20 squad cars, several helicopters, and a joint local / federal task force surrounding an old man and women's house, they were taken off to prison and the feds took everything ... well, expect a boat that the farmer gave to my buddy because he saw the writing on the wall.
So, you do have a choice to pay income taxes .... you just may not like the result of one of those choices.
I'm amazed that Obama can keep a straight face when he declares Warren Buffet's secretary is taxed more the Warren Buffet himself.
Anyway, the Democrats claim that the rich pay less taxes because of all the loopholes .... according to that logic, won't the rich still avoid paying taxes due to the loopholes even if there is a tax hike? The loopholes will still exist and the rich still won't pay taxes based on that logic. Almost everyone on this board in favor of a tax hike on the rich has brought this point up time and time again.
Why create a political storm?
A tax hike will do nothing to address the real problem. Tax reform and a balanced budget should be a higher priority for all Americans alike.
It has nothing to do with changing jobs. Do you have a choice in whether you pay income taxes or not?
Again, how does paying taxes make you an indentured servant? I appreciate that you are opposed to any form of taxation, but to compare a business owner with an indentured servant is absurd. Indentured servants are workers who work for compensation other than money selling their freedom (which often includes basic rights such as the right to marry) for basic lodging and a place to work.
Taxation is a system by which government collects revenue from its citizens to maintain a certain level of infrastructure. There is nothing preventing you from moving to a jurisdiction with different tax rules. An indentured servant doesn't have any such option. You may think that taxation is the most serious form of abuse on the planet, but it still does not make you an indentured servant.
When we were making big bucks and JB worked 70 hours a week
I felt it unfair to be overly taxed
I felt it was a punishment for doing well, working hard, being smart,
providing jobs for 35 employees.
Then the economy went to shit ... JB still works 70 hours a week but makes little
and we can only employee 5 people.
Because I see it from both sides I say be thankful for what you have,
work hard, do well and pay more in taxes if you have it.
Millionaires have more to give and should give more,
not get tax breaks when the country is in trouble ...
their country is in trouble.
Greed is really a filthy thing and takes a heart
and squeezes it small so that it just can't give.
ahhh a reasonable point of view. how nice.
i am a broke ass now that used to make money. i get what you're saying.
You and me both,
I am a broke ass now and I have found there is a real positive side to that.
I appreciate what I have now much more than I did when I had it,
if that makes sense.
I also know what I need now... it is not what I want.
The "air" about me when we were high income is not one I am proud of.
I had it, I flaunted it, I used and abused it.
Money can blind people, control them, just like power. Money is power.
I was not a sensible candidate for it.... I'm afraid like many.
Greed a byproduct of power. Is there ever enough?
Living without is a character builder,
something our country could use and is slowly beginning to happen.
The Jones' can own anything they want it won't effect what I need.
I have no need to keep up with anyone anymore.
My happiness is generated elsewhere.
Yes, it is love...
costs nothing and you get to take it with you when you go
they tried to that before and what happen was that the rich just stopped buying big ticket items. a sales tax is great but does actually effect the poor and middle class more.
Where did they try this...and for how long??
when George bush sr. was president he made into law somethings called Omnibus Budget Reconciliation Act of 1990.
however it was overturn pretty quickly as they saw that the very rich were just buying things overseas where this wasn't the case.
It has nothing to do with changing jobs. Do you have a choice in whether you pay income taxes or not?
you do have that choice. you can move to a country that doesn't have income tax if you can find one. you can also decide to not pay your income tax but you might not like the results of that.
they tried to that before and what happen was that the rich just stopped buying big ticket items. a sales tax is great but does actually effect the poor and middle class more.
Where did they try this...and for how long??
when George bush sr. was president he made into law somethings called Omnibus Budget Reconciliation Act of 1990.
however it was overturn pretty quickly as they saw that the very rich were just buying things overseas where this wasn't the case.
Um...negative. That's not even close to what I was talking about. That had nothing to do with the elimination of income tax to be replaced by a national sales tax as I was suggesting. This was nothing more than an increase of the tax rate and the addition of additional taxes, which is something Bush Sr. promised not to do during his campaign. It was pretty much this act that sealed his fate in not getting re-elected.
when George bush sr. was president he made into law somethings called Omnibus Budget Reconciliation Act of 1990.
however it was overturn pretty quickly as they saw that the very rich were just buying things overseas where this wasn't the case.[/quote]
Um...negative. That's not even close to what I was talking about. That had nothing to do with the elimination of income tax to be replaced by a national sales tax as I was suggesting. This was nothing more than an increase of the tax rate and the addition of additional taxes, which is something Bush Sr. promised not to do during his campaign. It was pretty much this act that sealed his fate in not getting re-elected.[/quote]
I know that its not exactly what you are saying but i think that elimination of income tax being replaced by a sales tax will not really help. the reason i think it is close to what you are saying is that i think it will be harder to collect as much taxes as you do now. the very rich will find a way to pay for something that is not subjected to the sales tax. also, i believe that a sales tax affects the poor and middle class more.
actually these rich pricks have gotten more welfare than all of the poor on welfare. they have been taken care of with tax breaks, some in the single digits of a percent, been bailed out by tax payers when necessary, had their industries deregulated to allow them to make more money....so yeah...the wealthy have benefitted enough under the current situation. why do they deserve a tax rate at a lower percent than the middle and lower classes?? surely not to create the jobs that they have not created in the last 10 years, right??? the middle and lower class pay an unfair burden when they have a higher percentage rate of their gross income going to the government. the rich can afford to pay more in taxes, so they should do the patriotic thing and offer to help keep the deficit from getting even more out of control.
the real class warfare is the rich against the rest of us...and it has always been that way...
your talking points are sauce. You just called rich people pricks. :? I doubt you will ever be financially secure with that attitude. It's a poor me attitude. You do not have the American Dream because you don't believe.
copy paste below....
The data tell a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. That, however, was less than 1 percent of the nearly 237,000 returns with incomes above $1 million.
The most disturbing thing about the whole debate is the image of hopelessness people seem to put forth. As if they are poor, and have no choice but to always be poor, and much of that attitude comes directly from our government. I think most people have an attitude of, "well I'll never be a millionaire, so lets tax the hell out of them". If you think life sucks, if you think you'll never be better than you are right now, if you think you are being held down, then you are exactly right...and your life will suck. You may not have a choice in your current financial situation, but you have a choice in your attitude and regardless of what you've been told you have a big choice in where you go from here. There are opportunities everywhere and It is so easy in this country to make good money, very good money, legitimately and without having to screw people over. But no one is going to hold your hand and walk you through it, or give it to you. I think about my dad who was once homeless and lived under a bridge for a couple of years next to a canal down around Houston...yes you read right...he lived under a bridge. One day he just said screw this, and walked out and decided to make something of himself. He worked, and he worked hard, and eventually started college at 29 to become a doctor. He and my mom divorced, but I lived with him most of the time he was in school, and he worked a full time job. I look back and I don't know how he did it, but he found a way. He went on to be very successful and ran multiple practices until he finally retired a few years ago. I think it was knowing my dad's history and living through some of it when we were dirt ass poor when I was a kid that made me what I am today. I just believe anything is possible, and in most cases it is. I set realistic goals, I bust my ass at making them happen, and in most cases they do.
actually these rich pricks have gotten more welfare than all of the poor on welfare. they have been taken care of with tax breaks, some in the single digits of a percent, been bailed out by tax payers when necessary, had their industries deregulated to allow them to make more money....so yeah...the wealthy have benefitted enough under the current situation. why do they deserve a tax rate at a lower percent than the middle and lower classes?? surely not to create the jobs that they have not created in the last 10 years, right??? the middle and lower class pay an unfair burden when they have a higher percentage rate of their gross income going to the government. the rich can afford to pay more in taxes, so they should do the patriotic thing and offer to help keep the deficit from getting even more out of control.
the real class warfare is the rich against the rest of us...and it has always been that way...
your talking points are sauce. You just called rich people pricks. :? I doubt you will ever be financially secure with that attitude. It's a poor me attitude. You do not have the American Dream because you don't believe.
copy paste below....
The data tell a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. That, however, was less than 1 percent of the nearly 237,000 returns with incomes above $1 million.
if not, what do you care? they are doing nothing for you. they have the means, let them pay.
besides, recession, depression, and economic collapse is bad for business.
these people should be volunteering to pay more in taxes to lower the deficits. if they want to reap all of the benefits and not pay into the system then fuck 'em.
"You can tell the greatness of a man by what makes him angry." - Lincoln
In March 2009, Forbes reported Michael Bloomberg's wealth at $16 billion, a gain of $4.5 billion over the previous year, enjoying the world's biggest increase in wealth in 2009.[22] At that time, there were only four fortunes in the U.S. that were larger (although the Wal-Mart family fortune is split among four people). He moved from 142nd to 17th in the Forbes list of the world's billionaires in only two years (March 2007 – March 2009).[23][24] In March 2011, his total wealth had increased to $18.1 billion, ranking 10th in the Forbes 400 and 30th in the world
Is NOT in favor of increasing Taxes. Shocking. Now in his 3rd Term, was worth 6 billion when he took office, brags about how he only makes $1.00 a year being the Mayor of New York, Thanks Mike, Very Humble.
if not, what do you care? they are doing nothing for you. they have the means, let them pay.
besides, recession, depression, and economic collapse is bad for business.
these people should be volunteering to pay more in taxes to lower the deficits. if they want to reap all of the benefits and not pay into the system then fuck 'em.
Do you really think raising taxes will solve the overall issue? Do you think the Feds will stop with the rich once the tax levee breaks? Is it justified to target a group due to jealousy and envy and label them as evil selfish people?
To me, the issue is this simple. Show me you can save "X" this year, and you can tax "X" this year. Show me you can save "X" ten years from now, and you can start taxing "X" ten years from now.
The most disturbing thing about the whole debate is the image of hopelessness people seem to put forth. As if they are poor, and have no choice but to always be poor, and much of that attitude comes directly from our government. I think most people have an attitude of, "well I'll never be a millionaire, so lets tax the hell out of them". If you think life sucks, if you think you'll never be better than you are right now, if you think you are being held down, then you are exactly right...and your life will suck. You may not have a choice in your current financial situation, but you have a choice in your attitude and regardless of what you've been told you have a big choice in where you go from here. There are opportunities everywhere and It is so easy in this country to make good money, very good money, legitimately and without having to screw people over. But no one is going to hold your hand and walk you through it, or give it to you. I think about my dad who was once homeless and lived under a bridge for a couple of years next to a canal down around Houston...yes you read right...he lived under a bridge. One day he just said screw this, and walked out and decided to make something of himself. He worked, and he worked hard, and eventually started college at 29 to become a doctor. He and my mom divorced, but I lived with him most of the time he was in school, and he worked a full time job. I look back and I don't know how he did it, but he found a way. He went on to be very successful and ran multiple practices until he finally retired a few years ago. I think it was knowing my dad's history and living through some of it when we were dirt ass poor when I was a kid that made me what I am today. I just believe anything is possible, and in most cases it is. I set realistic goals, I bust my ass at making them happen, and in most cases they do.
I don't think that liberalism equates to hopelessness or pessimism. Still, do you really expect people who work a middle-class job or work for the public sector to support measures that adversely affect them? Republicans overwhelmingly support slashing government spending which would of course include mass layoffs. A tax hike levied against the wealthiest few doesn't adversely affect these individuals so it should come as no surprise that many people would like to see the rich pay more into a system that is already heavily skewed in their favor. A civil servant who supports the right is essentially writing his own walking papers, and factory workers and unskilled laborers are condemning themselves to poor wages as the corporate elite continue to squeeze every dollar out of these MNCs. People know that the middle class is disappearing and they don't want to be consumed by a new American aristocracy.
Professionally speaking, I'm a teacher so I can tell you that I lean to the left politically because it is in my self interest to do so. I am more educated then the majority of the population and I earn a modest living supply teaching and tutoring. I have no problem with my lot in life as I chose my career path, but I know that any swing to the right brings with it the very real possibility that I will lose my employment so you can bet that I'm going to support measures which will help reduce the possibility of me losing my job.
if not, what do you care? they are doing nothing for you.
these people should be volunteering to pay more in taxes to lower the deficits. if they want to reap all of the benefits and not pay into the system then fuck 'em.
You are making less sense than before and I did not think that was possible. Jealousy, hate....
actually these rich pricks have gotten more welfare than all of the poor on welfare. they have been taken care of with tax breaks, some in the single digits of a percent, been bailed out by tax payers when necessary, had their industries deregulated to allow them to make more money....so yeah...the wealthy have benefitted enough under the current situation. why do they deserve a tax rate at a lower percent than the middle and lower classes?? surely not to create the jobs that they have not created in the last 10 years, right??? the middle and lower class pay an unfair burden when they have a higher percentage rate of their gross income going to the government. the rich can afford to pay more in taxes, so they should do the patriotic thing and offer to help keep the deficit from getting even more out of control.
the real class warfare is the rich against the rest of us...and it has always been that way...
your talking points are sauce. You just called rich people pricks. :? I doubt you will ever be financially secure with that attitude. It's a poor me attitude. You do not have the American Dream because you don't believe.
copy paste below....
The data tell a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. That, however, was less than 1 percent of the nearly 237,000 returns with incomes above $1 million.
Gotta watch the words used. "Tax rates" do not necessarily equate with "how much income tax one pays as a percentage of their gross income", which is really the important thing to look at. From personal experience I can tell you that when I had my little corporation I was usually paying between 7 and 10 percent of my gross income to the IRS, which I found to be hilariously low since now that I have a "real" job I'm paying about double that and I'm making less. No more double dipping on business expenses for personal uses and stuff. The devil is always in the details...and bookkeeping.
"First they ignore you, then they ridicule you, then they fight you, then you win ."
With the amount of people this will effect, paired with the ways this tax can be avoided or offset, paired the willingness of taking on the tax burden by whoever this gets enacted on...
I'd say getting this passed weighs more towards a re-election campaign rather than a debt solution.
this tax "hike" (which is not a hike of epic proportions...goes back to tax bracket of th 90's which didn't seem to be a problem) is not in place to cure a deficit problem; it's to help it. Corporations are sitting on top of record profits and not hiring anyways so it's bullshit to say they won't hire because of it. Big business doesn't care about you...seriously..they don't.
It has nothing to do with changing jobs. Do you have a choice in whether you pay income taxes or not?
Again, how does paying taxes make you an indentured servant? I appreciate that you are opposed to any form of taxation, but to compare a business owner with an indentured servant is absurd. Indentured servants are workers who work for compensation other than money selling their freedom (which often includes basic rights such as the right to marry) for basic lodging and a place to work.
Taxation is a system by which government collects revenue from its citizens to maintain a certain level of infrastructure. There is nothing preventing you from moving to a jurisdiction with different tax rules. An indentured servant doesn't have any such option. You may think that taxation is the most serious form of abuse on the planet, but it still does not make you an indentured servant.
When the government decides how much compensation you get to keep for your labors you are a servant.
Move to a different jurisdiction? How will that help me escape federal income taxes? I'd still be in the US, I'm not moving out of the country like Alec Baldwin/Sean Penn.
saying that income taxes make you a "servant" is akin to saying abortion is "murder." They are pejoratives that don't belong in place of reasonable debate.
how do you propose taxes be collected?
Everything not forbidden is compulsory and eveything not compulsory is forbidden. You are free... free to do what the government says you can do.
actually these rich pricks have gotten more welfare than all of the poor on welfare. they have been taken care of with tax breaks, some in the single digits of a percent, been bailed out by tax payers when necessary, had their industries deregulated to allow them to make more money....so yeah...the wealthy have benefitted enough under the current situation. why do they deserve a tax rate at a lower percent than the middle and lower classes?? surely not to create the jobs that they have not created in the last 10 years, right??? the middle and lower class pay an unfair burden when they have a higher percentage rate of their gross income going to the government. the rich can afford to pay more in taxes, so they should do the patriotic thing and offer to help keep the deficit from getting even more out of control.
the real class warfare is the rich against the rest of us...and it has always been that way...
your talking points are sauce. You just called rich people pricks. :? I doubt you will ever be financially secure with that attitude. It's a poor me attitude. You do not have the American Dream because you don't believe.
copy paste below....
The data tell a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. That, however, was less than 1 percent of the nearly 237,000 returns with incomes above $1 million.
Gotta watch the words used. "Tax rates" do not necessarily equate with "how much income tax one pays as a percentage of their gross income", which is really the important thing to look at. From personal experience I can tell you that when I had my little corporation I was usually paying between 7 and 10 percent of my gross income to the IRS, which I found to be hilariously low since now that I have a "real" job I'm paying about double that and I'm making less. No more double dipping on business expenses for personal uses and stuff. The devil is always in the details...and bookkeeping.
I think the article is actually referring to effective tax rates. it is and always has been a bunch of shit to say Warren buffett pays a lower rate than his secretary and blah blah blah...if you are an investor...you lose and you gain...capital gains taxes are low to ENCOURAGE INVESTMENT...so taking dividends and payments on capital gains is a way to make money...it is called letting your money make it for you...I have a lot of stock in a private company and have sold it from time to time to new investors, got taxed at 15%... because I took the RISK that all the money could have been lost. which is probably what will happen all things considered in this terrible business climate. You see, that is why people are rewarded with a lower rate.
So while someone like Warren pays a lower effective rate on all the money they take in, they are still paying taxes and they are still contributing to society. Now if a person makes 100% of their income off of things taxed as capital gains, maybe there should be a threshold for a 18% rate instead of 15%, but it shouldn't be tied to the amount one makes off of capital gains, rather the percentage of ones income that comes from capital gains.
you all realize that if we doubled income tax revenue we would still run a deficit.
that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
Comments
there are a lot of free countries.
1st post. Welcome to class warfare.
Did you really just say that. Holy shit. Last time I heard such nonsense was here a days ago.
Free ride for THE taxpayers....ha
the real class warfare is the rich against the rest of us...and it has always been that way...
"Well, you tell him that I don't talk to suckas."
So, you do have a choice to pay income taxes .... you just may not like the result of one of those choices.
Anyway, the Democrats claim that the rich pay less taxes because of all the loopholes .... according to that logic, won't the rich still avoid paying taxes due to the loopholes even if there is a tax hike? The loopholes will still exist and the rich still won't pay taxes based on that logic. Almost everyone on this board in favor of a tax hike on the rich has brought this point up time and time again.
Why create a political storm?
A tax hike will do nothing to address the real problem. Tax reform and a balanced budget should be a higher priority for all Americans alike.
Again, how does paying taxes make you an indentured servant? I appreciate that you are opposed to any form of taxation, but to compare a business owner with an indentured servant is absurd. Indentured servants are workers who work for compensation other than money selling their freedom (which often includes basic rights such as the right to marry) for basic lodging and a place to work.
Taxation is a system by which government collects revenue from its citizens to maintain a certain level of infrastructure. There is nothing preventing you from moving to a jurisdiction with different tax rules. An indentured servant doesn't have any such option. You may think that taxation is the most serious form of abuse on the planet, but it still does not make you an indentured servant.
I am a broke ass now and I have found there is a real positive side to that.
I appreciate what I have now much more than I did when I had it,
if that makes sense.
I also know what I need now... it is not what I want.
The "air" about me when we were high income is not one I am proud of.
I had it, I flaunted it, I used and abused it.
Money can blind people, control them, just like power. Money is power.
I was not a sensible candidate for it.... I'm afraid like many.
Greed a byproduct of power. Is there ever enough?
Living without is a character builder,
something our country could use and is slowly beginning to happen.
The Jones' can own anything they want it won't effect what I need.
I have no need to keep up with anyone anymore.
My happiness is generated elsewhere.
Yes, it is love...
costs nothing and you get to take it with you when you go
when George bush sr. was president he made into law somethings called Omnibus Budget Reconciliation Act of 1990.
however it was overturn pretty quickly as they saw that the very rich were just buying things overseas where this wasn't the case.
you do have that choice. you can move to a country that doesn't have income tax if you can find one. you can also decide to not pay your income tax but you might not like the results of that.
Um...negative. That's not even close to what I was talking about. That had nothing to do with the elimination of income tax to be replaced by a national sales tax as I was suggesting. This was nothing more than an increase of the tax rate and the addition of additional taxes, which is something Bush Sr. promised not to do during his campaign. It was pretty much this act that sealed his fate in not getting re-elected.
when George bush sr. was president he made into law somethings called Omnibus Budget Reconciliation Act of 1990.
however it was overturn pretty quickly as they saw that the very rich were just buying things overseas where this wasn't the case.[/quote]
Um...negative. That's not even close to what I was talking about. That had nothing to do with the elimination of income tax to be replaced by a national sales tax as I was suggesting. This was nothing more than an increase of the tax rate and the addition of additional taxes, which is something Bush Sr. promised not to do during his campaign. It was pretty much this act that sealed his fate in not getting re-elected.[/quote]
I know that its not exactly what you are saying but i think that elimination of income tax being replaced by a sales tax will not really help. the reason i think it is close to what you are saying is that i think it will be harder to collect as much taxes as you do now. the very rich will find a way to pay for something that is not subjected to the sales tax. also, i believe that a sales tax affects the poor and middle class more.
your talking points are sauce. You just called rich people pricks. :? I doubt you will ever be financially secure with that attitude. It's a poor me attitude. You do not have the American Dream because you don't believe.
copy paste below....
The data tell a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. That, however, was less than 1 percent of the nearly 237,000 returns with incomes above $1 million.
http://news.yahoo.com/fact-check-rich-t ... 42868.html
if not, what do you care? they are doing nothing for you. they have the means, let them pay.
besides, recession, depression, and economic collapse is bad for business.
these people should be volunteering to pay more in taxes to lower the deficits. if they want to reap all of the benefits and not pay into the system then fuck 'em.
"Well, you tell him that I don't talk to suckas."
In March 2009, Forbes reported Michael Bloomberg's wealth at $16 billion, a gain of $4.5 billion over the previous year, enjoying the world's biggest increase in wealth in 2009.[22] At that time, there were only four fortunes in the U.S. that were larger (although the Wal-Mart family fortune is split among four people). He moved from 142nd to 17th in the Forbes list of the world's billionaires in only two years (March 2007 – March 2009).[23][24] In March 2011, his total wealth had increased to $18.1 billion, ranking 10th in the Forbes 400 and 30th in the world
Is NOT in favor of increasing Taxes. Shocking. Now in his 3rd Term, was worth 6 billion when he took office, brags about how he only makes $1.00 a year being the Mayor of New York, Thanks Mike, Very Humble.
To me, the issue is this simple. Show me you can save "X" this year, and you can tax "X" this year. Show me you can save "X" ten years from now, and you can start taxing "X" ten years from now.
I don't think that liberalism equates to hopelessness or pessimism. Still, do you really expect people who work a middle-class job or work for the public sector to support measures that adversely affect them? Republicans overwhelmingly support slashing government spending which would of course include mass layoffs. A tax hike levied against the wealthiest few doesn't adversely affect these individuals so it should come as no surprise that many people would like to see the rich pay more into a system that is already heavily skewed in their favor. A civil servant who supports the right is essentially writing his own walking papers, and factory workers and unskilled laborers are condemning themselves to poor wages as the corporate elite continue to squeeze every dollar out of these MNCs. People know that the middle class is disappearing and they don't want to be consumed by a new American aristocracy.
Professionally speaking, I'm a teacher so I can tell you that I lean to the left politically because it is in my self interest to do so. I am more educated then the majority of the population and I earn a modest living supply teaching and tutoring. I have no problem with my lot in life as I chose my career path, but I know that any swing to the right brings with it the very real possibility that I will lose my employment so you can bet that I'm going to support measures which will help reduce the possibility of me losing my job.
You are making less sense than before and I did not think that was possible. Jealousy, hate....
"They" "These People" "fuck them"
sad really
Gotta watch the words used. "Tax rates" do not necessarily equate with "how much income tax one pays as a percentage of their gross income", which is really the important thing to look at. From personal experience I can tell you that when I had my little corporation I was usually paying between 7 and 10 percent of my gross income to the IRS, which I found to be hilariously low since now that I have a "real" job I'm paying about double that and I'm making less. No more double dipping on business expenses for personal uses and stuff. The devil is always in the details...and bookkeeping.
"With our thoughts we make the world"
I'd say getting this passed weighs more towards a re-election campaign rather than a debt solution.
Tax cuts create jobs. Do you really want to go back to the dark times pre 2000?
Trickle down baby. It's like a money spigot to the middle class.
When the government decides how much compensation you get to keep for your labors you are a servant.
Move to a different jurisdiction? How will that help me escape federal income taxes? I'd still be in the US, I'm not moving out of the country like Alec Baldwin/Sean Penn.
how do you propose taxes be collected?
(note: you were most likely a dork in the late 80's if you this photo makes sense to you :ugeek:
Awesome!
I think the article is actually referring to effective tax rates. it is and always has been a bunch of shit to say Warren buffett pays a lower rate than his secretary and blah blah blah...if you are an investor...you lose and you gain...capital gains taxes are low to ENCOURAGE INVESTMENT...so taking dividends and payments on capital gains is a way to make money...it is called letting your money make it for you...I have a lot of stock in a private company and have sold it from time to time to new investors, got taxed at 15%... because I took the RISK that all the money could have been lost. which is probably what will happen all things considered in this terrible business climate. You see, that is why people are rewarded with a lower rate.
So while someone like Warren pays a lower effective rate on all the money they take in, they are still paying taxes and they are still contributing to society. Now if a person makes 100% of their income off of things taxed as capital gains, maybe there should be a threshold for a 18% rate instead of 15%, but it shouldn't be tied to the amount one makes off of capital gains, rather the percentage of ones income that comes from capital gains.
you all realize that if we doubled income tax revenue we would still run a deficit.
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan