To reduce the debt, would you support a tax hike for rich?

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Comments

  • Posts: 19,295
    Obama seems poised to become the first president to run a reelection campaign based on raising taxes.
    Be Excellent To Each Other
    Party On, Dudes!
  • Posts: 19,295
    Davidtrios wrote:
    http://money.cnn.com/2011/12/07/news/economy/obama_taxes/index.htm?hpt=hp_t2

    "A quarter of all millionaires now pay lower tax rates than millions of middle-class households. Some billionaires have a tax rate as low as 1%,"

    :shock: :shock:
    If this report is even close to being true, why is Obama focusing so hard on raising the tax rate when the same loopholes will still be available?

    It's not the tax rate, it's the tax code that needs to be addressed if this story is true. Otherwise a 3% tax increase will amount to nothing and will be negated by existing loopholes ... that is unless this is propaganda meant to fuel class warfare and make people angry at the Monopoly Man instead of the fools in Congress.

    I think the rich ARE paying a ton in right now and if they raise taxes the government will get a lot more money. Otherwise, they would not be interested in raising taxes.
    Be Excellent To Each Other
    Party On, Dudes!
  • Posts: 5,684
    I think there should be a tax hike for rich AND spending cuts.
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  • Posts: 1,952
    lukin2006 wrote:
    Here in Ontario groceries are exempt from the tax.

    Why haven't they raised alcohol taxes?Tobacco taxes?
    Gas Taxes?

    Here we pay considerably more? I don't know about tobacco...but here the high price of alcohol hasn't stopped people from drinking and the high price of gas hasn't stopped people from driving!!!

    Now I hate taxes as much as anybody...but do realize we all must pay some tax!!!! its just what the g'ment does with the taxes that I don't like.

    Actually it wasn't widely publicized but in Ontario when the HST came in at actually technically lowered the alcohol tax (since instead of paying PST for booze you were paying a higher specific alcohol tax, plus GST). But the LCBO in ontario just raised prices across the board so no one ever saw those savings.
  • Posts: 4,984
    DOWNbytheRiver wrote:
    show previous quotes

    ah yes
    reaganomics
    actually then, i was a middle-class republican (yeah, i know) and at least where we were, it worked

    but during and since eight years of suffering under the madness of king george
    everything trickles parallel or defies gravity and trickles the fuck up



    they have billions. yeah sure they're gonna buy a lexus or a porsche, but how many jobs does that create?> that's the principle of trickle down tho. its not sustainable......
  • Posts: 4,695
    The rich already pay all the taxes.

    Look it up


    Www.google.com
  • Posts: 4,984
    usamamasan1 wrote:
    The rich already pay all the taxes.

    Look it up


    http://Www.google.com
    corporations do not.
  • Posts: 4,695
    Hate to break 101 to ya, but corporations are owned by people. They pay taxes on cap gains and dividends. Give me an example of one of these "corporations" that pay no taxes and I probably either paid taxes owning them or know someone who does/did.

    It's like jr. Finance around here. That's why I stick around, so someone can maybe learn something.
  • Posts: 4,984
    usamamasan1 wrote:
    Hate to break 101 to ya, but corporations are owned by people. They pay taxes on cap gains and dividends. Give me an example of one of these "corporations" that pay no taxes and I probably either paid taxes owning them or know someone who does/did.

    It's like jr. Finance around here. That's why I stick around, so someone can maybe learn something.
    http://abcnews.go.com/Politics/general- ... uBGi2Mk41U


    that wasn't even that hard.



    come on man.
  • Posts: 4,695
    You made my point. Thank you. I bought GE a couple years ago and have lost money as a shareholder. Paid a bit over 18/share.
    I do however pay taxes on my GE stock. It has something called a dividend. That is what PEOPLE pay on the company they OWN

    This goes to my 101 comment about "not getting it"

    This is why I am a minority on this forum, not many seem to get it. Just soundbites and amateur google searches.
  • Posts: 4,984
    edited December 2011
    you don't have a problem with one of the wealthiest companies in the world paying no taxes?




    we are after the heads by the way, the rest are not our concern.





    and its absoulutely criminal this institution pays no taxes. that's what we are fighting against.





    don't you think this very wealthy company should pay taxes? instead of pawning it off on their shareholders?
    Post edited by Commy on
  • Posts: 4,695
    The company is owned by people. They pay taxes. Jeebus....!
  • Posts: 4,984
    usamamasan1 wrote:
    The company is owned by people. They pay taxes. Jeebus....!



    corporations are tyrannical organisations....why should the little man pay the big man's tax?
  • Posts: 4,695
    Well in that case, I am the "little man" and I pay the "big mans" taxes with the expected return of earning more on my investment than the perceived/calculated risk associated with that investment. The current President is trying to redistribute wealth and that makes for more uncertainty in my expected return. Uncertanty kills investment.

    Uncertanty KILLS investment.

    . (that's a period)
  • St. Fuckin Louis Posts: 24,050
    usamamasan1 wrote:
    Uncertanty KILLS investment.
    so does not having a job and being part of the working poor...

    which is what the real problem is for a lot of people..
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • Posts: 4,984
    usamamasan1 wrote:
    Well in that case, I am the "little man" and I pay the "big mans" taxes with the expected return of earning more on my investment than the perceived/calculated risk associated with that investment. The current President is trying to redistribute wealth and that makes for more uncertainty in my expected return. Uncertanty kills investment.

    Uncertanty KILLS investment.

    . (that's a period)
    how would you feel if that entire company were democratized? because the current movement is targeting these companies. never mind the politicians, mind the movement.
  • Posts: 4,695
    What does democratized mean?

    Without knowing I would say fuck that! I like to understand my risk/reward expectations.

    My baby is crying and wife is out with her girlfriends and I get up at 4:30 to work...

    Nigh nigh
  • Posts: 4,984
    usamamasan1 wrote:
    What does democratized mean?

    Without knowing I would say fuck that! I like to understand my risk/reward expectations.

    My baby is crying and wife is out with her girlfriends and I get up at 4:30 to work...

    Nigh nigh
    democratized means just that. the corporation will no longer be a fascist institution. it will be run by the people of this country.

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