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So in other words...you can't defend or explain it. Ok, thanks for playing.
I've seen the guy post in other threads here. It seems for the social conservative types, they like to drop quick one liners. They typically either can't or don't have the ability to back up anything they say, so it's easier for them that way.
In terms of your point, you should maybe be advocating what Ronald Reagan thought. Capital gains should be taxed at the same rate as everything else.
Rich people have more money and influence than those who don't have as much money. That's why they can pay think tanks to come up with catch phrases like, "class warfare".
It's not fair, but the reason is that the people making the big bucks get the law makers elected. Law makers represent the people that financed their campaigns, not you and me.
This year, we hit the 33% marginal tax bracket - alternative minimum tax and all of that. We don't own a home or have kids, so we don't really get to deduct anything.
I'm grateful for our income, and I'm not fundamentally complaining about having to work hard for it and pay my fair share. I know that we're very fortunate.
But why is it fair for my personal share to be up to TWICE the rate of the fair share of people with gargantuan incomes like Romney and Buffett who will never have real financial worries again in their lives? We're doing well, but unlike those guys, we do depend heavily on our cash flow to generate our critical savings for future needs as well as to cover our day-to-day expenses. We get hurt by the loss of that marginal dollar A LOT more than the multi-millionaires and billionaires ever would be.
And why is it "class warfare" whenever I point this out? How is it not "class warfare" for me to be reamed porportionally so much more than the super rich - many of whose enterprises I also have to pay to bail out of their bad business decisions?
I'm not saying that the Buffett rule is the way to go, but why can't we have a tax system that institutes some sense of consistent fairness relative to income all the way across the income spectrum? Why is this concept so fundamentally controversial and anti-American for conservatives?
It is quite evident that you either aren't paying attention or are trolling.
In case you don't know (I mean, really, don't know), your income is earned income, which is taxed at a higher rate than their income, which is from risky investments, which because of their risk, and to encourage investment, are taxed at a lower rate. Save your money, invest, and your profits too will be taxed at the lower rate - regardless of your income level.
I find it backwards that someone pushing $ around should get taxed less than someone who does real work. Both contribute to the economy, 1 actually produces real goods.
The incentive to invest should be sitting on your ass making money and getting taxed at the same rate.
Good thing you and your ilk don't make tax policy, because your ideas harm the economy.
Rich people have more money and influence than those who don't have as much money. That's why they can pay think tanks to come up with catch phrases like, "class warfare".
Who are the rich? The richest region in the nation is now centered around Washington DC.
Instead of sitting around in your or your mom's basement .. type whining<-(I JUST made that up! ) to folks on forums .. which then allows them to whine too .. GET RICH!
See how easy that is?
If a lot of folks would just invest the same amount of time to better their life's situation as they do in keyboard whining<--(I'm gonna patent that) .. Untold wealth is awaiting them!
I'm not saying that the Buffett rule is the way to go, but why can't we have a tax system that institutes some sense of consistent fairness relative to income all the way across the income spectrum? Why is this concept so fundamentally controversial and anti-American for conservatives?
Because fairness is not a consistent term.
What is fair?
Everyone paying different tax rates relative to their incomes?
Everyone paying the same tax rate?
Everyone paying the same amount of tax in dollars disregardful of their income?
And how do you define (and supervise) someone's income?
What fairness is is entirely subjective and thus it is impossible to make the tax system fair. The only fair tax system would be NO tax system, but with everybody wanting something from everybody else that is not going to happen anytime soon.
Getting rid of the income tax would end the controvesary - but the liberals would have a temper tantrum if that happened - they couldn't demonize people for making more money than another and punishing them by raising tax rates.
This year, we hit the 33% marginal tax bracket - alternative minimum tax and all of that. We don't own a home or have kids, so we don't really get to deduct anything.
I'm grateful for our income, and I'm not fundamentally complaining about having to work hard for it and pay my fair share. I know that we're very fortunate.
But why is it fair for my personal share to be up to TWICE the rate of the fair share of people with gargantuan incomes like Romney and Buffett who will never have real financial worries again in their lives? We're doing well, but unlike those guys, we do depend heavily on our cash flow to generate our critical savings for future needs as well as to cover our day-to-day expenses. We get hurt by the loss of that marginal dollar A LOT more than the multi-millionaires and billionaires ever would be.
And why is it "class warfare" whenever I point this out? How is it not "class warfare" for me to be reamed porportionally so much more than the super rich - many of whose enterprises I also have to pay to bail out of their bad business decisions?
I'm not saying that the Buffett rule is the way to go, but why can't we have a tax system that institutes some sense of consistent fairness relative to income all the way across the income spectrum? Why is this concept so fundamentally controversial and anti-American for conservatives?
Because they are the job makers!
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) to folks on forums .. which then allows them to whine too .. GET RICH!
