Californians have it coming to them.. 52% income tax!
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Has anyone picked up on the fact that this 52% headline is NOT the effective tax rate anyone will pay?
Wait - you mean when you guys say that Buffett's secretary pays 35% compared to his 15% you don't know the difference between marginal and effective rates, but when you're defending an absurdly high rate you're suddenly tax experts pointing out that the effective rate is much lower...
And you wonder why I think you're all intentionally dishonest.
Wait - you mean when you guys say that Buffett's secretary pays 35% compared to his 15% you don't know the difference between marginal and effective rates, but when you're defending an absurdly high rate you're suddenly tax experts pointing out that the effective rate is much lower...
And you wonder why I think you're all intentionally dishonest.
Drop the nonsense, ok?
Not sure what Buffet's secr pays, or makes. Never relied on the argument.
I do know that I'm about to make a transfer to a Roth that will put me in a higher effective tax rate than Mittens. And I made nothing compared to what he makes.
We used to have a progressive tax system, back before the debt exploded.... Wonder if there's any correlation?????
Not sure what Buffet's secr pays, or makes. Never relied on the argument.
I do know that I'm about to make a transfer to a Roth that will put me in a higher effective tax rate than Mittens. And I made nothing compared to what he makes.
We used to have a progressive tax system, back before the debt exploded.... Wonder if there's any correlation?????
Wait, a tax-free shelter? What's the tax rate when you withdraw from a Roth? Zero!!
There are at least 50 posts in this forum making the "Buffett's secretary pays more than Romney". You might have been one.
We still have a progressive system. It's just flatter on the low end.
Location: where you sip the tea of the breasts of the spinsters of Utica
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I see things in a simple way, maybe overly simple. Wealthy people say that lower taxes on them would be good for the economy, despite all the evidence to the contrary. I wonder why they would say that ..... maybe because they have no shame?
I see things in a simple way, maybe overly simple. Wealthy people say that lower taxes on them would be good for the economy, despite all the evidence to the contrary. I wonder why they would say that ..... maybe because they have no shame?
Obviously I think the same thing about the 50s, although I wasn't alive, there is no justification for a government to claim rights such a significant portion of anyones pay check.
And sure, you get what you pay for...women that are more plastic than actual human flesh, earthquakes, and smog, and a government that was a financial mess.
Most women are not plastic in California, California has 35,000,000 people, Hollywood is only a small part of it.
Earthquakes happen once every few decades and really are not that devastating. Even the 1989 San Francisco one wasn't all that bad, nothing compared to the flooding of the Mississippi, the Levee breaks in Louisiana or the blizzards, hurricanes, tornados and many other disasters the rest of the country faces.
Smog is only a problem in LA, and much less now that we have strict emissions standards on our cars and gasoline. There's no smog in San Diego or San Francisco, or at least not compared to many midwestern cities.
And every state has a financial mess on their hands, California's was caused by the federal government taking $1.15 from every tax dollar we received in return.
Simply put, California is the lifeblood of the American economy and the source of the world's technology and entertainment.
People who have never been to California always have such simplistic views of it.
Also, the places with the most unemployment and the biggest problems are NOT the coastal parts but rather the rural and HIGHLY conservative parts of the state. San Francisco is doing very well financially, as is the rest of the Bay Area.
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