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Old 11-25-2012, 04:49 AM
 
1,167 posts, read 946,941 times
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So much for the left's assertion that the rich don't pay their fair share!!!

The Millionaires Who Pay the Highest Tax Rate - U.S. Business News - CNBC
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Old 11-25-2012, 05:15 AM
 
Location: Southwest Nebraska
1,297 posts, read 4,143,196 times
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Quote:
Originally Posted by Mr.XXX View Post
So much for the left's assertion that the rich don't pay their fair share!!!

The Millionaires Who Pay the Highest Tax Rate - U.S. Business News - CNBC

Lets see now!! If someone earns 1,000,000.00 a year they pay 20.4% which is 204,000.00 and leaves them a small amount of 796,000.00 to barely survive on.

Someone, my Wife, makes 25,000.00/yr with overtime, pays 4.8% which is 1200.00 and leaves a whopping 23,800.00 to buy all the cheap living expenses on and invest the rest in stocks etc.

I think to be fair the 1,000,000.00 earner should only pay .12% which is 1200.00 just like my lowly, non paying, moocher that pays not her fair share.

Then we can all be equal and the wealthy person will have an extra 202,800.00 to put towards his investments and say they can only give my wife a .25 cent raise this year compared to that mega .50 cent increase last year.

Ahh, I feel so much better that we are all so even in tax paying now!! Now quit yer B@#$%tching!!
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Old 11-25-2012, 05:30 AM
 
7,315 posts, read 3,770,551 times
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I grieve for those millionaires but they do have enough money for a one way plane ticket to Rwanda or Haiti where they may find happiness. Ideally they would choose Haiti where they`ll be closer to their stashed loot in the Cayman Islands.
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Old 11-25-2012, 05:38 AM
 
Location: Pennsylvania
1,012 posts, read 1,162,550 times
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OP you failed to mention that those poor millionares can also HIDE alot of their money due to tax loopholes, something the middle class can't do
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Old 11-25-2012, 05:44 AM
 
11,431 posts, read 8,433,395 times
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You also failed to point out that everything they do for fun is a business expense.
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Old 11-25-2012, 07:21 AM
 
Location: Great State of Texas
86,093 posts, read 72,489,649 times
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As you can see from the above posts, it's not how much the rich pay in taxes, it's how much they get to keep.
And these people think the rich get to keep too much.

So, it's not really a debate of how much to tax them. It's really a debate of how much to let them keep while handing all the rest over to Uncle Sam.

The rich are keeping too much money for the likes of the left.
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Old 11-25-2012, 07:27 AM
 
Location: USA
13,266 posts, read 10,390,236 times
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Is Mr. XX some government bot or something? I've been seeing a ton of baseless posts by him on here in a short amount of time.
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Old 11-25-2012, 07:28 AM
 
1,167 posts, read 946,941 times
Reputation: 345
Quote:
Is Mr. XX some government bot or something? I've been seeing a ton of baseless posts by him on here in a short amount of time.
You obviously keep reading them!!!

Last edited by Mr.XXX; 11-25-2012 at 07:42 AM..
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Old 11-25-2012, 07:40 AM
 
Location: Barrington
45,811 posts, read 34,032,409 times
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Quote:
Originally Posted by supertrucker212 View Post
OP you failed to mention that those poor millionares can also HIDE alot of their money due to tax loopholes, something the middle class can't do
No such thing as a loophole. It's the tax code.
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Old 11-25-2012, 07:51 AM
 
Location: Barrington
45,811 posts, read 34,032,409 times
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Quote:
Originally Posted by crone View Post

You also failed to point out that everything they do for fun is a business expense.
This assumes the earner is self employed and that somehow everything magically becomes a business expense. I don't think so.

Those high income corporate employees might have a total comp package of > $1M a year. That could be $100K in salary and the rest in uncertain incentive/bonus comp and not all of it is in cash.
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