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Old 12-13-2013, 02:30 PM
 
14,292 posts, read 9,678,440 times
Reputation: 4254

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Quote:
Originally Posted by TriMT7 View Post
Theft is a criminal act. Taxes are not theft.

People don't "have stuff" and do not "earn" stuff in a vacuum.


It's why humanity orders itself in a civilized society.

I honestly can't stand people who are so full of themselves they think they would be just as successful as they are today no matter where they were born... Somalia, China, the United States or Germany.

Especially finance people, who quite literally produce nothing and would produce nothing if not for the governmental apparatus maintaining their game.
Sounds like you are talking about the people getting filthy rich off the $85 billion a month in QE3
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Old 12-13-2013, 02:38 PM
 
41,110 posts, read 25,734,548 times
Reputation: 13868
Quote:
Originally Posted by DC at the Ridge View Post
It's not knowledge at all that you've posted. I have no problems with the IRS data. I have an issue with YOU telling the rest of us what these families pay in taxes. These specific families. Don't make remarks like, "they only pay such and such." YOU don't know what they pay. Cite all the statistics you want. Just remember that those statistics are AVERAGES, and there may be no family that pays that average.
Ironic, you are offended these families are accused of not paying taxes but have no issue of Obama accusing others of not paying enough taxes. How's payback working for you? Now pay your fair share like the rest of us.

I pay an asinine amount in taxes yet it's ok for Obama to run around the country ranting I don't pay enough. To which I say he can kiss my ass.
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Old 12-13-2013, 02:38 PM
 
Location: Oceania
8,610 posts, read 7,894,412 times
Reputation: 8318
Quote:
Originally Posted by OICU812 View Post
Sounds like you are talking about the people getting filthy rich off the $85 billion a month in QE3

Don't blow their minds with blatant facts.
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Old 12-13-2013, 02:50 PM
 
33,016 posts, read 27,458,643 times
Reputation: 9074
Quote:
Originally Posted by InformedConsent View Post
Yep. Bring it. Too much whining from U.S. spoiled brats already getting so much while paying so little, or even nothing at all.

??? What exactly are childless burger flippers getting, except a positive tax liability?
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Old 12-13-2013, 03:00 PM
 
33,016 posts, read 27,458,643 times
Reputation: 9074
Quote:
Originally Posted by workingclasshero View Post
no not a VAT

a replacement of the current...at the end user level....ie retail

www.fair-tax.org

That's like redistributing hundreds of billions of dollars annually from people who can't buy homes to people who own homes.
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Old 12-13-2013, 03:06 PM
 
41,110 posts, read 25,734,548 times
Reputation: 13868
Quote:
Originally Posted by freemkt View Post
That's like redistributing hundreds of billions of dollars annually from people who can't buy homes to people who own homes.
Do you mean to "investment real-estate"? You do realize that the government solution is either government high rises or investment deductions to people who invest in real-estate so they can rent to people like you right?

Your solution: take away investment deductions.

Result: Landlords raise your rent or don't invest in the first place. Prices go up because either their cost of doing business increases or people won't invest. Less rentals are available, prices increase further or if you can't find a place you get to live in a high rise.

Think freemkt, think!
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Old 12-13-2013, 03:11 PM
 
Location: the very edge of the continent
89,009 posts, read 44,824,472 times
Reputation: 13709
Quote:
Originally Posted by greywar View Post
I've responded to this nonsense before, pointing out that they have lower inequality because of the extremely large wealth transfers occurring.
They have lower inequality because they're not overly dependent on the top earners for tax revenue, so the incentive to keep the wide income gap in order to maximize tax revenue doesn't exist in Europe as it does in the U.S.

More, here:
http://www.city-data.com/forum/32587552-post99.html
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Old 12-13-2013, 03:13 PM
 
4,534 posts, read 4,930,400 times
Reputation: 6327
Quote:
Originally Posted by Mr. Mon View Post
This says that the top 40% of wage earners pay 106% of income taxes.
You only need to earn $32,000 a year to be in the top 40% of income earners in the United States. Heck, only 25% of people in this country have incomes of more than $50,000/year. Does CNBC and OP seriously consider a $15/hour wage "wealthy?"


This has got to be one of the most ridiculous things I've read all week. And wow, the comments section on CNBC makes the posters around here seem like geniuses.
Let's not a little thing like facts get in the way and derail this thread.

Surprise, surprise, a high school kid working a part time job is probably in the bottom 40% of earners that pay very little taxes. This is shocking news?
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Old 12-13-2013, 03:13 PM
 
33,016 posts, read 27,458,643 times
Reputation: 9074
Quote:
Originally Posted by InformedConsent View Post
On the contrary, it's based on the TOTALITY of the IRS's analysis of ALL of the U.S. federal income tax returns.

Which makes it less helpful than the totality of the IRS's analysis of the subset of U.S. federal income tax returns filed by 18-64 year olds. Breadwinners generally pay higher effective tax rates than teens (who often are filing only for a refund of their withheld taxes) or the elderly.
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Old 12-13-2013, 03:14 PM
 
582 posts, read 779,217 times
Reputation: 766
Quote:
Originally Posted by chad3 View Post
Millionaires and billionaires pay a 9% - 17% federal tax rate.
And Americans who make $100,000 a year pay a 30%+ federal tax rate.

Billionaire Warren Buffets federal tax rate is 11%.
Warren Buffett's Effective Federal Income Tax Rate Was Just 11% - Forbes

Millionaire Mitt Romney's federal tax rate is 14%.
Romney paid 14% effective tax rate in 2011 - Sep. 21, 2012

But my friends who make around $100,000 are paying 30%+ federal tax rates.


But you republicans are not satisfied with the above tax rates. Republicans want 0% tax rates on capital gains (so billionaires and millionaires will get 0% federal tax rates.) The following 50 second Youtube link shows republican politicians trying to get 0% tax rates for millionaires and billionaires



Romney in January: With 0% Capital Gains Tax Rate I Would Have Paid No Taxes - YouTube
You're comparing apples and oranges. Romnes and Buffets tax rate was after they gave away money to charities and other organization that help other, as well as standard deductions.

The standard tax rate for individuals making $100,000 is 25% and that is only for the portion of income over $72,000. So someone making $100,000 would have a tax rate far less than 25% even without standard deductions. Once the deductions are incorporated in the rate averages around 11%.
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