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Old 12-03-2014, 05:51 PM
 
592 posts, read 415,357 times
Reputation: 121

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Quote:
Originally Posted by Ericthebean View Post
Instead of all these mandated fines, those who earn above $250,000/year income should pay for the Govt costs of funding free universal healthcare for all people. And those millionaires should pay like $150,000 each towards the healthcare for all people, then it's a free for everybody and costs finally come down, no?
No. Nothing is free and costs go up when people think it is free. If the government pays for it, then people will use it. Then it comes down to supply and demand. Why not see your doctor? It's free. But seeing your doctor may actually be hazardous to your health. That's another issue.

Still it comes down to demand. Graduate more doctors to meet the demand if necessary. Get plenty of sleep. Go for a walk. Eat less. Live longer. No need to see a doctor. Doctors are for mending broken bones. That's why they call them Bones. Is this too simple a solution? That's the problem. Simplify!

 
Old 12-03-2014, 06:27 PM
 
34,279 posts, read 19,411,623 times
Reputation: 17261
Quote:
Originally Posted by MarkT3 View Post
No. Nothing is free and costs go up when people think it is free. If the government pays for it, then people will use it. Then it comes down to supply and demand. Why not see your doctor? It's free. But seeing your doctor may actually be hazardous to your health. That's another issue.
Canadians see dr's at a substantially higher rate then we do. They also have a higher lifespan, although conflating the two is a mistake, as they also have a healthier lifestye in general.

Despite seeing dr's at a much higher rate...their total cost of medical care is MUCH lower.

So Canadians think its free....see Dr's more...and costs are much much lower.
 
Old 12-03-2014, 07:32 PM
 
Location: Whoville....
25,386 posts, read 35,579,593 times
Reputation: 14693
Quote:
Originally Posted by greywar View Post
Says the person who pays no federal taxes while enjoying the use of federal roads, and our military to defend them.

Apparently you're taking my money to help cover you.
There is a HUGE difference between asking everyone to pay for services that are available for everyone to use and asking 1% of the people to pay for services for the bottom half.
 
Old 12-03-2014, 07:36 PM
 
Location: Whoville....
25,386 posts, read 35,579,593 times
Reputation: 14693
Quote:
Originally Posted by chad3 View Post
Single Americans making $250,000 a year are already being punished with 26% federal tax rates.
Tax Brackets (Federal Income Tax Rates) 2000 through 2014

The problem is millionaire/billionaire CEO's are only paying 6%-15% federal tax rates.

Millionaire CEO Dick Cheney has a 6% federal tax rate.
http://www.ctj.org/pdf/bushchen05.pdf

Millionaire CEO Mitt Romney has a 14% tax rate.
Romney paid 14% effective tax rate in 2011 - Sep. 21, 2012

Billionaire CEO Warren Buffet has a 11% tax rate.
Warren Buffett's Effective Federal Income Tax Rate Was Just 11% - Forbes

We don't need to further punish Americans making $250,000 a year, we need to make CEO's pay their fair share of taxes.
You do realize that INCOME tax is based on INCOME not assets, right?
 
Old 12-03-2014, 08:08 PM
 
Location: New Orleans, La. USA
6,354 posts, read 3,661,371 times
Reputation: 2522
Quote:
Originally Posted by InformedConsent View Post
Does Dick Cheney represent all millionaires? No. I already posted the IRS data stating that the average effective federal income tax rate of the top 400 filers was over 19%.
http://www.irs.gov/pub/irs-soi/09intop400.pdf
You are using the above source in a manipulating way. Your source does not differentiate between CEO's and non-CEO's. CEO's pay taxes on their personal income by capital gains tax rates. The capital gains tax rate is around 16%.

But a -SINGLE- non-CEO millionaire making $2,000,000.00 dollars a year pays a 37% tax rate (use the tax calculator.)
Tax Brackets (Federal Income Tax Rates) 2000 through 2014

While CEO millionaire Mitt Romney has a 14% federal tax rate.
Romney paid 14% effective tax rate in 2011 - Sep. 21, 2012


Quote:
Meanwhile, those filing a $100k tax return paid an average of only a 9.7% federal income tax rate.
I do not make $100,000 a year so I have no personal experience in that matter. But I just asked my conservative step-dad who always made around 100k a year. And he said "Someone making $100,000 is probably sending the stinking government $30-$40 thousand dollars a year."

And I have family and friends who make around $100k and they say they pay around 30% (tax time HURTS them.)

I also have a non-CEO family member who makes $1,500,000.00 a year, and he is in the 39% tax bracket (and tax time makes him insane, and during tax time he thinks about how to shelter his money from taxes.)


But it must be nice for billionaire CEO's at tax time with their 11% tax rates.
Warren Buffett's Effective Federal Income Tax Rate Was Just 11% - Forbes

Last edited by chad3; 12-03-2014 at 09:02 PM..
 
Old 12-03-2014, 08:12 PM
 
Location: New Orleans, La. USA
6,354 posts, read 3,661,371 times
Reputation: 2522
Quote:
Originally Posted by Ivorytickler View Post
You do realize that INCOME tax is based on INCOME not assets, right?
Yes I realize that.

Chad.
 
Old 12-03-2014, 08:28 PM
 
41,110 posts, read 25,784,716 times
Reputation: 13868
Quote:
Originally Posted by greywar View Post
Canadians see dr's at a substantially higher rate then we do. They also have a higher lifespan, although conflating the two is a mistake, as they also have a healthier lifestye in general.

Despite seeing dr's at a much higher rate...their total cost of medical care is MUCH lower.

So Canadians think its free....see Dr's more...and costs are much much lower.
Move to Canada and stop trying to rob small business owners here in the U.S. Geez, you've really been brainwashed. By the way, feel free to write an extra check to the government since you espouse feeding the monster.
 
Old 12-03-2014, 08:34 PM
 
Location: Newport Beach, California
39,290 posts, read 27,677,316 times
Reputation: 16101
Quote:
Originally Posted by petch751 View Post
Move to Canada and stop trying to rob small business owners here in the U.S. Geez, you've really been brainwashed. By the way, feel free to write an extra check to the government since you espouse feeding the monster.
NOT so fast. The people who want to move to Canada deserve to know the truth.

"Americans who flock to Canada for cheap flu shots often come away impressed at the free and first-class medical care available to Canadians, rich or poor. But tell that to hospital administrators constantly having to cut staff for lack of funds, or to the mother whose teenager was advised she would have to wait up to three years for surgery to repair a torn knee ligament.

"It's like somebody's telling you that you can buy this car, and you've paid for the car, but you can't have it right now," said Jane Pelton. Rather than leave daughter Emily in pain and a knee brace, the Ottawa family opted to pay $3,300 for arthroscopic surgery at a private clinic in Vancouver, with no help from the government."

Canadian Health Care In Crisis - CBS News

Grass obviously is not always greener on the other side.
 
Old 12-04-2014, 12:39 AM
 
Location: Long Island
32,835 posts, read 19,525,151 times
Reputation: 9631
Quote:
Originally Posted by chad3 View Post
You are using the above source in a manipulating way. Your source does not differentiate between CEO's and non-CEO's. CEO's pay taxes on their personal income by capital gains tax rates. The capital gains tax rate is around 16%.

But a -SINGLE- non-CEO millionaire making $2,000,000.00 dollars a year pays a 37% tax rate (use the tax calculator.)
Tax Brackets (Federal Income Tax Rates) 2000 through 2014

While CEO millionaire Mitt Romney has a 14% federal tax rate.
Romney paid 14% effective tax rate in 2011 - Sep. 21, 2012




I do not make $100,000 a year so I have no personal experience in that matter. But I just asked my conservative step-dad who always made around 100k a year. And he said "Someone making $100,000 is probably sending the stinking government $30-$40 thousand dollars a year."

And I have family and friends who make around $100k and they say they pay around 30% (tax time HURTS them.)

I also have a non-CEO family member who makes $1,500,000.00 a year, and he is in the 39% tax bracket (and tax time makes him insane, and during tax time he thinks about how to shelter his money from taxes.)


But it must be nice for billionaire CEO's at tax time with their 11% tax rates.
Warren Buffett's Effective Federal Income Tax Rate Was Just 11% - Forbes
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oh please....it has been proven time after time that buffett lied


his secretary makes 60k (his words)..therefore she is in the 15% bracket..and would pay less than 12%....as I will show she pays less than 5%
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buffett pays an effective 17%...meanwhile buffett paid over 8 million in taxes

he said his secretary pays 30% in federal taxes...he lies

buffets states he gets taxed at 17% (his earned income is only 100k, the rest is investment (capital gains taxed at 15%(recently raised to 20%))) and that is less than his secretary...fact that is a LIE

there is no disputing that fact
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the left lies
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FACT: making 60k (which is what buffet himself says she makes) puts her in the 15% bracket..and that's based on her ENTIRE 60k being taxed..and we ALL KNOW that is never the case...even single you have the personal exemption, and the standard deduction

FACTS:
we're talking about a married secretary. with a not working spouse. They file jointly, pay a home mortgage and have 2 older kids (still claimed ) . They probably place at least $4,000 in an 401k (the average is about 7%) and itemize $15,000 in deductions(about 3k over the standard deduction). .....Here the tax picture changes dramatically. ....Taxable income drops to $27,800 -- the 15 percent tax bracket. With child tax credits, secretary now pays $1,419 in federal taxes, or 2.4 percent of $60,000. Add in another 2 percent for $1,218 in state taxes, and secretary pays a grand total, state and federal(to include payroll(ss)), of 4.4 percent on the $60,000-a-year salary.
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IF she is single/renter (which she is not) this would be the number:
60k gross:
That would give her taxable income of $50,250 ($60,000 less 1 exemption @ $3,400 and a standard deduction of $5,360) and a federal income tax liability of $8,986.25 – $4,386.25 + 25% of the excess over $31,850. So, the secretary’s effective Federal income tax rate is only 15% ($8,986.25 / $60,000). Hmmmm.
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so FACT is that she would only be rated at 15% for INCOME...if you want to throw in payroll, (which is not income tax) it still only brings her up to 22%...certainly not the 30% that buffett lied about
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FACTS:
buffett is a salaried worker for his companies...his salary 100k
his secretary earned 60k

he paid multi-millions..his secretary paid less than 3k......
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buffett want the rates (for ALL) to be higher,, because it wont effect him, but it will hurt his competition....those are facts

buffett LIED, and the left fell for it
 
Old 12-04-2014, 01:20 AM
 
16,670 posts, read 8,667,991 times
Reputation: 19497
Quote:
Originally Posted by Ericthebean View Post
Instead of all these mandated fines, those who earn above $250,000/year income should pay for the Govt costs of funding free universal healthcare for all people. And those millionaires should pay like $150,000 each towards the healthcare for all people, then it's a free for everybody and costs finally come down, no?


First of all, $250k per year is hardly a "1%er"

Regardless, do you really enjoy living in a Constitutional Republic with capitalism, or would you prefer a socialist country with a dictatorship or something similar?

The wealthy already shoulder a majority of tax burdens when compared to the average person, or the ever growing dependent class of people who feel entitled to other peoples labor.
I just wish that every idealistic liberal could be put into a lifeboat with oars along with others who do not want to do their fare share of rowing. Yet the leaches will deplete the supplies everyone needs to survive until the boat can reach land. How much do you want to bet they will go from liberal to conservative in short order?

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