Romney Releases Tax Info

kenny olav

Hmmm.... I just used two different senses of the word "progressive" in the same paragraph. That's probably a literary faux pas.

mikepegg44

kenny olav wrote:

What does a salary cap have to do with the risk it takes to start a business? Salaries that large only factor in after the business is already successful, no? Look, I don't care how popular my idea (min salary: $50K, max salary: $500K) might be, we still have a progressive income tax for good reason, and it's realistic to make it more progressive... I doubt we'd ever get to taxing 100% of income over $500K... but while the Democratic Party may never be as progressive as I want it to be, I intend to help it at least be a solidly progressive alternative, rather than the wishy-washy party it's been since the 90's. It's not about left vs right. It's about forward vs backward.

if you cap annual income (not really just salary cap) what would be the point of innovation? business drives innovation...Apple didn't come up with the ipad for the betterment of mankind. they did it to make money.
If you invest in a company, get it started from scratch, do all the things it takes to be successful, why should your income be capped...it doesn't make sense to me...
progressive tax structure is fine, and i think it is working to the extent it does...the top 10% pays about 70% of the taxes...the top 1% pays about 40...that seems to be in line with the amount of wealth they control...I don't know how much more progressive it can get.
I just want you to know this the government cannot spend your money better than you can...the government cannot take care of you and everyone else better than you can on your own.
agree to disagree.
good luck moving the party further to the left...the ideas are there, but the spine just doesn't seem to be among the current group of law-makers.

kenny olav

mikepegg44 wrote:

kenny olav wrote:

What does a salary cap have to do with the risk it takes to start a business? Salaries that large only factor in after the business is already successful, no? Look, I don't care how popular my idea (min salary: $50K, max salary: $500K) might be, we still have a progressive income tax for good reason, and it's realistic to make it more progressive... I doubt we'd ever get to taxing 100% of income over $500K... but while the Democratic Party may never be as progressive as I want it to be, I intend to help it at least be a solidly progressive alternative, rather than the wishy-washy party it's been since the 90's. It's not about left vs right. It's about forward vs backward.

if you cap annual income (not really just salary cap) what would be the point of innovation? business drives innovation...Apple didn't come up with the ipad for the betterment of mankind. they did it to make money.
If you invest in a company, get it started from scratch, do all the things it takes to be successful, why should your income be capped...it doesn't make sense to me...
progressive tax structure is fine, and i think it is working to the extent it does...the top 10% pays about 70% of the taxes...the top 1% pays about 40...that seems to be in line with the amount of wealth they control...I don't know how much more progressive it can get.
I just want you to know this the government cannot spend your money better than you can...the government cannot take care of you and everyone else better than you can on your own.
agree to disagree.
good luck moving the party further to the left...the ideas are there, but the spine just doesn't seem to be among the current group of law-makers.

$500K a year isn't enough to motivate people to do great things and create innovation? I find that impossible to believe. I also think that the innovations that are truly valuable are not achieved when greed is the motivator.

Why should anyone earn more than the President of the United States (for example)? Why not motivate our best and brightest into taking public service jobs? I recently saw that in Finland, teachers are very well paid, and that it's very competitive to become a teacher. They are as well respected as doctors, and probably as brilliant too.

Instead we motivate people to exploit cheap labor as best as they can and produce as much junk as possible so long as it sells.

We need to reorganize our priorities, as a people, and we can improve the quality of life for every individual.

fear4freedom

everyone on here needs economics 101!
you all make me laugh!

cincybearcat

kenny olav wrote:

cincybearcat wrote:

kenny olav wrote:

The Buffett Rule that Obama endorses only applies to those with incomes (including capital gains) above $1 million for the year. H

This in addition to raising income taxes on those "millionaires" that make as a couple >$250,000. And here I thought Obama was an educated man. Must have skipped math class.

Well sure there's that too. I was simply talking about the rule to ensure that people who make millions simply from investments pay a reasonable share.

I was aware that Obama wants to raise income taxes on couples who earn greater than $250K and I totally support that. 70% of Americans support that. We are massively in debt and we shouldn't have to cut essential services.

I saw today that Obama plans to slash the military budget by nearly $500 billion. Awesome!

Liberals are taking this country back. Republicans don't have anyone that the people trust anymore.

The cure for out of control spending isn't going back to the ATM for more $.

I'm for taxes being part of the cure. But until the spending is curtailed, I don't trust them with any more of anyone's $.

The military cutbacks being announced seems to be a good plan. We need a different idea of what our military should be capable of as well as what they should be involved in.

cincybearcat

kenny olav wrote:

Why should anyone earn more than the President of the United States (for example)?

because they work.