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Yes especially special treatment to themselves, the political elite.
i don't give a rip about the taxation of the political elite.
Quote:
Does anyone really think that Pelosi would be screaming tax the rich if she was targeted? Pelosi opposes a cut in congressional pay because it would diminish the dignity. What do you think she would be screaming if you went after her wealth?
why do you care about Pelosi so much?
she seems like a distraction from the topic .... your topic.
So taxing the rich (wealthy) that so many hate would be a wealth tax not an income tax.
Who cares if anybody hates the rich? They're rich. They got nothing legitimate to ***** about.
That said, there are a lot of different options for how to tax. A progressive income tax is as good as any, and certainly a whole lot easier and more efficient to implement than most others.
Group: ** Mean Household Income ** Mean Household Net Worth ** Mean Household Financial (non house) Wealth
Top 1 percent ** $1,318,200 ** $16,439,400 ** $15,171,600
Top 20 percent ** $226,200 ** $2,061,600 ** $1,719,800
60th-80th percentile ** $72,000 ** $216,900 ** $100,700
40th-60th percentile ** $41,700** $61,000 ** $12,200
Bottom 40 percent ** $17,300 ** -$10,600 ** -$14,800
It's actually even a better surrogate the more I look at it. Not perfect, but not bad.
Nonsense. If you're just starting out and you make a quarter million a year, you are perfectly poised to accumulate a vast amount of wealth over your remaining anticipated lifetime.
I for one can only chuckle at how big a whiner a person needs to be to complain that they are screwed... when they are actually making a quarter million dollars a year while still in their 20s.
That's the way it's supposed to work. What about it do you find objectionable?
And that has what to do with the thread? Exactly?
I have one issue with your choices on numbers and that's that you're using mean. Mean is nice when you have nice normally distributed numbers but with the amount of uber uber rich people creating severe statistical anomalies mean gets distorted and becomes a pretty bad term to use. A much more representative choice would be median.
No.
No.
Yes, for now.
Yes, for now. But if they prove to be even the least bit competent at managing their finances, they will be rich... pretty much regardless of how they are taxed.
How do you manage money that the government takes away from you?
And why is it rich only increases by $50k for married couples? A married couple can make $125k each and be considered rich.
Rich = ability to influence politicians to do your bidding or to leave you alone. Whatever that entails, that's what rich is in this country. If you have $5 million in savings, but are on the wrong side of some bureaucrat's anger, you are not rich, you're a poor person who hasn't had the goons kick your door down. On the other hand, if you have $50k in savings, but have greased all the right skids, then you're safe and secure.
We live in a bureaucratic thugocracy. Rich means either they don't know about you or have been paid to not care about you.
Does anyone really think that Pelosi would be screaming tax the rich if she was targeted?
Excuse me?
She is targeted.
She and her husband make far more than $250K a year between them, and pay a huge amount of capital gains each year.
What are you on about?
Quote:
Originally Posted by petch751
Pelosi opposes a cut in congressional pay because it would diminish the dignity. What do you think she would be screaming if you went after her wealth?
As far as I can tell, she's not among the group bitching about paying their taxes.
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