you'll notice that fun number next to % goes up with the more money you make.
Any links to business tax or indeed how corps avoid paying it?
Keep on rockin in the free world!!!!
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
There probably are, but we're not talking about businesses and corporations here. We're talking about individuals.
Well do the wealthy not have other ways of tax avoidence? They certainly do here.
If you run your own buisness you can pay yourself a small salary and get the rest payed in other ways, and buisness tax is cheaper.
But maybe that is different there.
Keep on rockin in the free world!!!!
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
Well do the wealthy not have other ways of tax avoidence? They certainly do here.
If you run your own buisness you can pay yourself a small salary and get the rest payed in other ways, and buisness tax is cheaper.
But maybe that is different there.
Everyone has ways of tax avoidance - that's not exclusive to the wealthy.
But, the fact remains that the wealthy pay the highest percentage of taxes and therefore it is laughable to say that the tax system "benefits the wealthy".
The only people we should try to get even with...
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Everyone has ways of tax avoidance - that's not exclusive to the wealthy.
But, the fact remains that the wealthy pay the highest percentage of taxes and therefore it is laughable to say that the tax system "benefits the wealthy".
exactly. spiral, did you have some sort of point you are trying to make?
the more money you make (the wealthy) the more you get taxed.
its almost not even worth it to make over $350,000 a year. why work so hard just to give it all back.
But, the fact remains that the wealthy pay the highest percentage of taxes and therefore it is laughable to say that the tax system "benefits the wealthy".
Ya ? Take tax law and you'll never utter those words again. Merely looking at the income tax tables to arrive at your deductions is foolhardy. Fuck the greedy pigs who want more money than they can realistically use. Personally, I got no problem stealin' bread from the mouths of decadence. And if that means doing so through taxes, then so be it. There's more to life and society than the single individual. Thats part of the reason why the U.S. is so off the rails.
Ya ? Take tax law and you'll never utter those words again. Merely looking at the income tax tables to arrive at your deductions is foolhardy. Fuck the greedy pigs who want more money than they can realistically use. Personally, I got no problem stealin' bread from the mouths of decadence. And if that means doing so through taxes, then so be it. There's more to life and society than the single individual. Thats part of the reason why the U.S. is so off the rails.
socialism takes away freedom. sorry, some of us enjoy it.
exactly. spiral, did you have some sort of point you are trying to make?
the more money you make (the wealthy) the more you get taxed.
its almost not even worth it to make over $350,000 a year. why work so hard just to give it all back.
Yes jlew they are wealthy because they avoid tax what is hard to understand?
And the more wealthy you are the better your accountants are avoiding tax all you have do is look it up it's not like it's unknown.
Keep on rockin in the free world!!!!
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
socialism takes away freedom. sorry, some of us enjoy it.
Lol, your only free do as they tell you to.
Keep on rockin in the free world!!!!
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
Yes jlew they are wealthy because they avoid tax what is hard to understand?
And the more wealthy you are the better your accountants are avoiding tax all you have do is look it up it's not like it's unknown.
wow big swing and a miss there. that is completely not true. like know1 said, everyone can avoid taxes (through deductions) the same exact way. this isnt a perk for the rich.
wow big swing and a miss there. that is completely not true. like know1 said, everyone can avoid taxes (through deductions) the same exact way. this isnt a perk for the rich.
Ok jlew maybe in Good old America everything is fair and just. Somehow though i don't think so, but carry on beliving the illusions you love so much.
All it would take is a little reading on the subject. But you do not wish to furthur your education, your happy thinking you know everything already.
Keep on rockin in the free world!!!!
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
what the fuck are you talking about. you always end your arguments with this crap. "I'm smarter then you, trying reading"
you are trying to argue that the rich are rich because they avoid taxes. thats idiotic. guess what, the "poor" do they same exact thing.
Ok little man you win.
Keep on rockin in the free world!!!!
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
socialism takes away freedom. sorry, some of us enjoy it.
Dude, quit it with the bullshit American bravado, and the cliche lectures about American superiority. Save it for the kids who suck that Yankee shit up like there's no tomorrow. As a Canadian, I have more freedom than you do, in all likelihood. And that applies both domestically and internationally.
As a partial test, why not go abroad somewhere and see how much freedom you have ? Ya, get that into ya. No, you better stay at home and start dealing with all the freedom you have here, like in Wisconsin, San Diego, Cleveland etc... That's a lot of freedom. DIG IT !!!!
Dude, quit it with the bullshit American bravado, and the cliche lectures about American superiority. Save it for the kids who suck that Yankee shit up like there's no tomorrow. As a Canadian, I have more freedom than you do, in all likelihood. And that applies both domestically and internationally.
because I dont embrace socialism like you I am giving you too much american bravado?
As a partial test, why not go abroad somewhere and see how much freedom you have ? Ya, get that into ya. No, you better stay at home and start dealing with all the freedom you have here, like in Wisconsin, San Diego, Cleveland etc... That's a lot of freedom. DIG IT !!!!
I just got back from a 3 week trip to Dubai. it was great. woman have virtually no freedom there, kinda sad.
I actually have no clue what your little rant was about.
you'll notice that fun number next to % goes up with the more money you make.
ok, lets have a little fun here...
here is rip off # 1... Social Security tax is only paid on all income under $97,500. so every dollar made over $97,500 is not taxed for social security. and thats on income only, not capital gains, which happens to be a major source of the wealthy's income. so the ceo making $50,000,000 this year is only paying ss (fica) on the first 100k... thats about as blatant as it can get... to sum it up bill gates only pays about $3,000 more than me in social security tax yearly even though he is the richest man in the country...please tell me how that makes sense or is fair? its fucking insane
"The Federal Insurance Contributions Act (FICA) (codified in the Internal Revenue Code) imposes a Social Security withholding tax equal to 6.20% of the gross wage amount, up to but not exceeding the Social Security Wage Base ($90,000 for the year 2005; $94,200 for 2006; and $97,500 for 2007).http://en.wikipedia.org/wiki/Social_Security_%28United_States%29
here is rip off # 2... capital gains tax... The tax rate on long-term gains is 15% for the highest income bracket... i recently saw a quote from warren buffet speaking about this, he stated that he pays less in inome tax % wise then his secretary, becasue he only pays a %15 capital gains tax. that is where all of Mr Buffets income comes from is capital gains on investments... capital gains on investments is a major source of income for the wealthy, especially the elite wealthy...and again, i do believe you pay ZERO social security tax on capital gains
and lets not forget corporate welfare and massive fed govt contracts and giveaways that basicly funnel our tax revenues into the hands of the wealthy through the fed government
here is rip off # 2... capital gains tax... The tax rate on long-term gains is 15% for the highest income bracket... i recently saw a quote from warren buffet speaking about this, he stated that he pays less in inome tax % wise then his secretary, becasue he only pays a %15 capital gains tax. that is where all of Mr Buffets income comes from is capital gains on investments... capital gains on investments is a major source of income for the wealthy, especially the elite wealthy
"Most likely, it arose because corporate dividends and capital gains are taxed at only 15 percent. But the corporate income that funded those returns was already taxed at the corporate level, where the tax rate is 35 percent. Mr Buffett seems to be ignoring the first round of taxation. Is it possible that the world's most successful has failed to pierce the corporate veil?"
yes, the corporation pays tax on profits... then the investor and his profit is COMPLETELY separate from the corporate profit... it is Mr Buffets income from investment, he is completely seperate from the company. he should be taxed on his income at a fair rate... and investments is his onyl source of income, like many of the wealthy
in other words... you work for a company... they pay taxes on their profit... then they pay you, and you get taxed on that income
not to mention i am going to believe the world renowned investor that is worth $50 billion...as opposed to a professor... i think Warren Buffet knows what he pays in taxes :rolleyes:
"Most likely, it arose because corporate dividends and capital gains are taxed at only 15 percent. But the corporate income that funded those returns was already taxed at the corporate level, where the tax rate is 35 percent. Mr Buffett seems to be ignoring the first round of taxation. Is it possible that the world's most successful has failed to pierce the corporate veil?"
yes, the corporation pays tax on profits... then the investor and his profit is COMPLETELY separate from the corporate profit... it is Mr Buffets income from investment, he is completely seperate from the company. he should be taxed on his income at a fair rate... and investments is his onyl source of income, like many of the wealthy
in other words... you work for a company... they pay taxes on their profit... then they pay you, and you get taxed on that income
not to mention i am going to believe the world renowned investor that is worth $50 billion...as opposed to a professor... i think Warren Buffet knows what he pays in taxes :rolleyes:
I'll tell ya whats weak is this whole robin hood philosophy you have. the top 5% pay 53.25% of all income taxes. is that fair???
I don't agree with penalizing people for being successful.
not only did you get owned in this argument, you are resorting to repeating things I say. well done.
No i din't get owned i just relised talking to on this subject is like talking to a brick wall, rather pointless.
Keep on rockin in the free world!!!!
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
Comments
It feels like it's going to snow here. We went from 90's to 40's almost overnight.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Since the tax rate is so much higher on the wealthy, I do not see how it is designed to benefit them.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
how is the tax system benefiting the wealthy?
http://www.irs.gov/formspubs/article/0,,id=164272,00.html
you'll notice that fun number next to % goes up with the more money you make.
Any links to business tax or indeed how corps avoid paying it?
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
There probably are, but we're not talking about businesses and corporations here. We're talking about individuals.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Well do the wealthy not have other ways of tax avoidence? They certainly do here.
If you run your own buisness you can pay yourself a small salary and get the rest payed in other ways, and buisness tax is cheaper.
But maybe that is different there.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
Everyone has ways of tax avoidance - that's not exclusive to the wealthy.
But, the fact remains that the wealthy pay the highest percentage of taxes and therefore it is laughable to say that the tax system "benefits the wealthy".
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
exactly. spiral, did you have some sort of point you are trying to make?
the more money you make (the wealthy) the more you get taxed.
its almost not even worth it to make over $350,000 a year. why work so hard just to give it all back.
Ya ? Take tax law and you'll never utter those words again. Merely looking at the income tax tables to arrive at your deductions is foolhardy. Fuck the greedy pigs who want more money than they can realistically use. Personally, I got no problem stealin' bread from the mouths of decadence. And if that means doing so through taxes, then so be it. There's more to life and society than the single individual. Thats part of the reason why the U.S. is so off the rails.
socialism takes away freedom. sorry, some of us enjoy it.
Yes jlew they are wealthy because they avoid tax what is hard to understand?
And the more wealthy you are the better your accountants are avoiding tax all you have do is look it up it's not like it's unknown.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
Lol, your only free do as they tell you to.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
wow big swing and a miss there. that is completely not true. like know1 said, everyone can avoid taxes (through deductions) the same exact way. this isnt a perk for the rich.
Ok jlew maybe in Good old America everything is fair and just. Somehow though i don't think so, but carry on beliving the illusions you love so much.
All it would take is a little reading on the subject. But you do not wish to furthur your education, your happy thinking you know everything already.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
what the fuck are you talking about. you always end your arguments with this crap. "I'm smarter then you, trying reading"
you are trying to argue that the rich are rich because they avoid taxes. thats idiotic. guess what, the "poor" do they same exact thing.
Ok little man you win.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
Dude, quit it with the bullshit American bravado, and the cliche lectures about American superiority. Save it for the kids who suck that Yankee shit up like there's no tomorrow. As a Canadian, I have more freedom than you do, in all likelihood. And that applies both domestically and internationally.
As a partial test, why not go abroad somewhere and see how much freedom you have ? Ya, get that into ya. No, you better stay at home and start dealing with all the freedom you have here, like in Wisconsin, San Diego, Cleveland etc... That's a lot of freedom. DIG IT !!!!
not only did you get owned in this argument, you are resorting to repeating things I say. well done.
I just got back from a 3 week trip to Dubai. it was great. woman have virtually no freedom there, kinda sad.
I actually have no clue what your little rant was about.
ok, lets have a little fun here...
here is rip off # 1... Social Security tax is only paid on all income under $97,500. so every dollar made over $97,500 is not taxed for social security. and thats on income only, not capital gains, which happens to be a major source of the wealthy's income. so the ceo making $50,000,000 this year is only paying ss (fica) on the first 100k... thats about as blatant as it can get... to sum it up bill gates only pays about $3,000 more than me in social security tax yearly even though he is the richest man in the country...please tell me how that makes sense or is fair? its fucking insane
"The Federal Insurance Contributions Act (FICA) (codified in the Internal Revenue Code) imposes a Social Security withholding tax equal to 6.20% of the gross wage amount, up to but not exceeding the Social Security Wage Base ($90,000 for the year 2005; $94,200 for 2006; and $97,500 for 2007). http://en.wikipedia.org/wiki/Social_Security_%28United_States%29
here is rip off # 2... capital gains tax... The tax rate on long-term gains is 15% for the highest income bracket... i recently saw a quote from warren buffet speaking about this, he stated that he pays less in inome tax % wise then his secretary, becasue he only pays a %15 capital gains tax. that is where all of Mr Buffets income comes from is capital gains on investments... capital gains on investments is a major source of income for the wealthy, especially the elite wealthy...and again, i do believe you pay ZERO social security tax on capital gains
http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States
i will come back with some more later...
and lets not forget corporate welfare and massive fed govt contracts and giveaways that basicly funnel our tax revenues into the hands of the wealthy through the fed government
http://gregmankiw.blogspot.com/2007/06/mr-buffetts-tax-bill.html
They were all in the kitchen frying their man up some meat. That's the way it should be. Maybe I'll move to Dubai?
this is extremely weak...
"Most likely, it arose because corporate dividends and capital gains are taxed at only 15 percent. But the corporate income that funded those returns was already taxed at the corporate level, where the tax rate is 35 percent. Mr Buffett seems to be ignoring the first round of taxation. Is it possible that the world's most successful has failed to pierce the corporate veil?"
yes, the corporation pays tax on profits... then the investor and his profit is COMPLETELY separate from the corporate profit... it is Mr Buffets income from investment, he is completely seperate from the company. he should be taxed on his income at a fair rate... and investments is his onyl source of income, like many of the wealthy
in other words... you work for a company... they pay taxes on their profit... then they pay you, and you get taxed on that income
not to mention i am going to believe the world renowned investor that is worth $50 billion...as opposed to a professor... i think Warren Buffet knows what he pays in taxes :rolleyes:
I'll tell ya whats weak is this whole robin hood philosophy you have. the top 5% pay 53.25% of all income taxes. is that fair???
I don't agree with penalizing people for being successful.
No i din't get owned i just relised talking to on this subject is like talking to a brick wall, rather pointless.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
yea that and um well your argument is rather pointless. good try though
The United Arab Emirates has no personal income tax, so I don't quite follow how less taxes equals more freedom.
hard to make the comparison when you are talking about a country that doesnt allow freedom in the first place.