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I dont know, I am pissed a wall street tool like Romney pays a lower tax rate than me and able to take advantage of numerous deductions so as not to pay taxes for 8 years.
The ultra wealthy pay millions in Federal income taxes, each year and collectively represent a substantial portion of the federal government's general revenues. And yet, their individual effective tax rate is usually lower than the middle class. Warren Buffet illustrated this by comparing his secretary's effective tax rate to his own.
The flip side is a Romney like person may argue that if they pay a higher federal tax rate, they have less money to invest and it's investment in innovation that makes the world go around.
lets just all apply for welfare. they dont really do a background. just open a bank account, put 50 bucks in there, tell they that is all you have. you will get welfare fast. dont feel bad about it either, it is just you getting your own money back. you can also apply for free lunch at your kid's school. dont feel bad about that either, for some reason you already paid for that with tax dollars, and now they want you to pay again if you make too much. apply for all the freebees you can. dont be proud, use that welfare card to buy those expensive steaks you cant really afford. go get yours, the world at your finger tips....
The flip side is a Romney like person may argue that if they pay a higher federal tax rate, they have less money to invest and it's investment in innovation that makes the world go around.
Yep. Less investment money stifles the capital required to grow the U.S. economy. Apparently, the left wants to stagnate the economy while the welfare-dependent class continues to grow exponentially. Who thinks that's sustainable?
Invest your already taxed earned income and you too can pay the capital gains tax rate on your investment income.
Here we go again.... The prinicpal investment is not subject to taxation.
Tax is due on the realized net profit of the investment. If there is no realized profit, there are no taxes due. Net losses from prior years can and do offset net profits of future years and do so indefinitely.
Here we go again.... The prinicpal investment is not subject to taxation.
Tax is due on the realized net profit of the investment. If there is no realized profit, there are no taxes due. Net losses from prior years can and do offset net profits of future years and do so indefinitely.
That's too complicated for some to understand.
You have to break it down even further. I don't know how to, perhaps we have some preschool teachers in here who can help.
I paid in about $5000 in federal taxes. I have a co worker who has a daughter that is unemployed, has no ambition to work, on welfare, a single mother of 4 children, all have different fathers. She is getting a $4000 refund. How does she get a refund like that? A refund suggests she paid something in.
This is whats wrong with America.
This has got to be one of those PWND threads, either that, or we're not getting the whole picture, some people under a certain income bracket get back everything they paid in for federal income tax when they file their 1040, some people w/children will get back more than what they paid in because of the EIC.
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