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Old 11-22-2011, 02:31 PM
 
12,997 posts, read 13,676,355 times
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Cut defense, save medicare and social security and raise taxes on the wealthy? So basically go back to 1999, before the Bush disaster? Sounds good.

 
Old 11-22-2011, 02:31 PM
 
12,436 posts, read 11,974,753 times
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Quote:
Originally Posted by waterboy7375 View Post
No its not a drop in the bucket , but its not even enough to run a yr without deficit spending.

Its real easy to say raise other peoples taxes. What takes real balls is to say " raise everyones taxes , including mine" . But on one wants to say that.
Well then I must have watermelons.
 
Old 11-22-2011, 02:31 PM
 
Location: Sango, TN
24,865 posts, read 24,443,530 times
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Quote:
Originally Posted by waterboy7375 View Post
No its not. The tax rate on cap gains is 15 % . They are not earning all their money as cap gains.

Tax breaks for billionaires: Loophole for hedge fund managers costs billions in tax revenue | Economic Policy Institute

Right, and wrong.

In addition to being unregulated, these financial institutions also reap substantial benefits from special tax provisions that, like the regulatory framework, are no longer appropriate. The professional fund managers of these hedge funds and private equity firms are allowed to treat a substantial portion of their compensation as capital gains, meaning they are most likely taxed at 15% rather than the 35% rate that applies to ordinary income such as wages and salary. Such an exemption, however, makes little sense: in economic terms, the fund managers (also known as investment advisors) perform a professional service, much like lawyers or doctors, and receive remuneration for their labor.
 
Old 11-22-2011, 02:32 PM
 
4,255 posts, read 3,487,332 times
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Quote:
Originally Posted by hotair2 View Post
Well then I must have watermelons.

Then go ahead and pay more. No one is stopping you.
 
Old 11-22-2011, 02:33 PM
 
4,255 posts, read 3,487,332 times
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So what rate are you in Memphis?
 
Old 11-22-2011, 02:34 PM
 
12,436 posts, read 11,974,753 times
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Quote:
Originally Posted by waterboy7375 View Post
Then go ahead and pay more. No one is stopping you.
You said everyones including mine. I am o.k. with that. Raising mine alone does no good whatsoever.
 
Old 11-22-2011, 02:36 PM
 
12,436 posts, read 11,974,753 times
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Quote:
Originally Posted by waterboy7375 View Post
So what rate are you in Memphis?
Why all the personal questions. Please stick to the topic and not the person posting.
 
Old 11-22-2011, 02:37 PM
 
45,746 posts, read 27,380,703 times
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Question - Why not go after tax regulations and close the loopholes instead of getting the government to take other people's money? You would have my support on this.

However, I can not support going after other people's money just they have it. It is no different than a burglar targeting a rich neighborhood to break into their homes.
 
Old 11-22-2011, 02:38 PM
 
4,255 posts, read 3,487,332 times
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Quote:
Originally Posted by hotair2 View Post
You said everyones including mine. I am o.k. with that. Raising mine alone does no good whatsoever.

And now ya know how people who make more then you feel.
 
Old 11-22-2011, 02:39 PM
 
Location: Dallas, TX
31,767 posts, read 28,877,439 times
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Quote:
Originally Posted by DRob4JC View Post
Pay extra on your own if it's not a problem for you.

Or better yet, find someone and give them the money directly - that way they will see 100% of your donation, instead of the 30% after government overhead expenses (or whatever the percentage is).
Thats not how things can be made to work.
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