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Not really when you consider that the wealthy don't have ALL of their money taxed at the highest rate, which is what the truly uneducated in this debate honestly believe....
I'd submit that this only reduces incentives to make more money if you are right at the line between two tax brackets. But lo and behold!!! We found a way around that. Give the extra to charity, squeeze below that line and VOILA!!! Problem gone!!!
The great thing about being wealthy is that you can afford an accountant to prepare your taxes and reduce them as much as humanly possible.
Anyone can afford a tax accountant. It is not expensive at all. You make it seem like this is a privilege for rich people only. Another Progressive lie. Why do you guys lie so much? Is that what you were taught to do to get your way? Just lie and try to prey on the uninformed and easily duped?
The great thing about being wealthy is that you can afford an accountant to prepare your taxes and reduce them as much as humanly possible.
And the great thing about being ultra wealthy is that it buys you a direct discussion with a president or senator and more than likely the discussion is about how each other can help the other for personal goals, not for the country (you and I).
Anyone can afford a tax accountant. It is not expensive at all. You make it seem like this is a privilege for rich people only. Another Progressive lie. Why do you guys lie so much? Is that what you were taught to do to get your way? Just lie and try to prey on the uninformed and easily duped?
I wonder if there is any point in hiring a tax accountant if you earn little. There is probably not much he can do about it... His creativity requires a certain amount of money to start going
It used to be that conservatives wanted to roll back the clock to the 1950's, these maryland farmers want to go back to 1850!
Where do you get such silly ideas to make these types of statements above? And please tell us what was so great about the 1950's.
Please use links for you proof and defintions.
This isn't about "conservatives". This is about Progressives who want to eliminate the historical success of the country before they had any influence in the government. Once they wormed their way into government influence, this country began its slide into fascism and quasi socialism. Corportism has taken its stranglehold on government and government is in bed with the politicans who allow them to operate.
We live more in a fascist society in terms of economics and in a quasi socialist one when we examine the social system.
As an economic system, fascism is socialism with a capitalist veneer. The word derives from fasces, the Roman symbol of collectivism and power: a tied bundle of rods with a protruding ax. In its day (the 1920s and 1930s), fascism was seen as the happy medium between boom-and-bust-prone liberal capitalism, with its alleged class conflict, wasteful competition, and profit-oriented egoism, and revolutionary Marxism, with its violent and socially divisive persecution of the bourgeoisie
Where socialism abolished all market relations outright, fascism left the appearance of market relations while planning all economic activities. Where socialism abolished money and prices, fascism controlled the monetary system and set all prices and wages politically. In doing all this, fascism denatured the marketplace. Entrepreneurship was abolished. State ministries, rather than consumers, determined what was produced and under what conditions.
Under fascism, the state, through official cartels, controlled all aspects of manufacturing, commerce, finance, and agriculture. Planning boards set product lines, production levels, prices, wages, working conditions, and the size of firms. Licensing was ubiquitous; no economic activity could be undertaken without government permission. Levels of consumption were dictated by the state, and “excess” incomes had to be surrendered as taxes or “loans.”
Anyone can afford a tax accountant. It is not expensive at all. You make it seem like this is a privilege for rich people only. Another Progressive lie. Why do you guys lie so much? Is that what you were taught to do to get your way? Just lie and try to prey on the uninformed and easily duped?
Anyone can afford a lawyer too, but as it turns out, the more expensive ones tend to be better....
And please on the "lying" thing. If you'd like to have an actual discussion then fine, but don't go insulting anyone's intelligence with this "holier than thou" attitude as though Republicans are the party of truth, lest we all throw-up in our collective mouths....
[quote=brien51;16872888]Where do you get such silly ideas to make these types of statements above?[/quote}
Such as my quoted remark; "It used to be that conservatives wanted to roll back the clock to the 1950's, these maryland farmers want to go back to 1850!"
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And please tell us what was so great about the 1950's.
Nothing from my perspective.
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Please use links for you proof and defintions.
You do know what a rhetorical statement is, or do I have to define that and link to supporting evidence as well?
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This isn't about "conservatives". This is about Progressives who want to eliminate the historical success of the country before they had any influence in the government.
No, this is about one of the most ridiculous misreading, misapplication and misinterpretations of the 13th and 14th Amendment imaginable.
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Once they wormed their way into government influence, this country began its slide into fascism and quasi socialism.
Oh goody another graduate of Beck U.
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Corportism has taken its stranglehold on government and government is in bed with the politicans who allow them to operate.
I suppose you've never heard of Robert Morris, Jay Gould, Leyland Stanford, Andrew Carnegie, George Pullman, John D. Rockefeller, or J.P. Morgan? Do you have the slightest inkling about who did more to break their "strangehold" on the government and by way the American people? I'll bet you that Beck and his corporate sponsors won't tell you.
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We live more in a fascist society in terms of economics and in a quasi socialist one when we examine the social system.
You know what is so hilariously ironic about your statement? You sound exactly like the ultra left of the 1960's.
PS - the way you folks throw around words like fascism and socialism denudes them of all recognizable etymological and historical meaning.
So the Constitution forbids progressive income taxation in two places, yet the "progressives" still charge full steam ahead with their class warfare, demanding the right to steal even more money from those they deem "rich". Why are those who make $250,000+ not entitled to the same privileges and immunities as those who make less? Why is it okay to force them into involuntary servitude? Why do Democrats continue to support modern day slavery?
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Originally Posted by ovcatto
My grandmother always said that a little bit of knowledge is a dangerous thing. Before citing the Constitution, get out a dictionary and look up slavery or indentured servitude, then take a day or two and learn what the citied sections of the Constitution actually means. And once you are done with those small tasks, figure out how a progressive tax structure has been in place since the passage of the 16th Amendment damn near 100 years ago.
Any other response would be a waste of time.
On edit: It is truly disgraceful that someone from Philadelphia of all places would be so uniformed about the Constitution.
you tell him ovcatto. while the progressive tax rate system is not equal at all levels, it does not have to be constitutionally, as it is applied equally to each income tax bracket. and while i personally dont like the progressive tax rate system, it works pretty well overall.
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Originally Posted by Neuling
I wonder if there is any point in hiring a tax accountant if you earn little. There is probably not much he can do about it... His creativity requires a certain amount of money to start going
actually a good tax accountant can come up with some strategies that will help all but the very poor increase their wealth over time, if the strategies are implemented properly.
Not really when you consider that the wealthy don't have ALL of their money taxed at the highest rate, which is what the truly uneducated in this debate honestly believe....
I'd submit that this only reduces incentives to make more money if you are right at the line between two tax brackets. But lo and behold!!! We found a way around that. Give the extra to charity, squeeze below that line and VOILA!!! Problem gone!!!
The great thing about being wealthy is that you can afford an accountant to prepare your taxes and reduce them as much as humanly possible.
What you put forward may be true in some cases but in the big picture progressive income taxes punishes success and rewards failure.
For example, I would like a nickel for everytime I heard that factory workers eschew overtime because it only goes to the government in higher taxes on them. Factory workers are by no means wealthy.
The wealthy merely find more tax loopholes and tax shelters, for sure, but they still have to pay higher taxes than anyone else. For example, on a SEP, you only get 25% of the total annual contribution in tax deductible income. Furthermore, when you increase taxes upon the wealthy, I agree, they will try and find any way they can to eliminate the tax burden which shifts that burden back to less wealthy taxpayers. The stuff rolls down hill as the saying goes. So when this happens, those who have worked harder to earn more money will have to pay higher taxes, thus they are punished for working harder and earning more money.
The fact remains that a progressive income taxes punishes those who would like to earn more money while those who are lazy and content to earn below average wages get more entitlements from the government like student loans, subsidized mortgages, and other government perks that those who earn over 50K per year would not get from the gov't.
This government is hell bent upon trying to monetarily equalize everyone through government programs that distribute money and tax credits or tax incentives through those government programs for people who usually pay very little, or no, income tax at all.
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