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Old 09-10-2014, 07:34 PM
 
9,470 posts, read 6,250,578 times
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Quote:
Originally Posted by Frank DeForrest View Post
I don't want the inept and corrupt government involved in any of those things, i.e. education, welfare,medical research, health care, retirement...
I wonder why any responsible adult does?
Because they're hoping to be on the receiving end of the redistribution.
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Old 09-10-2014, 07:35 PM
 
9,470 posts, read 6,250,578 times
Reputation: 2169
Quote:
Originally Posted by random_thoughts View Post
Did it ever occur to you that maybe liberals are not lying but you might have quite a narrow view of the world? Lol
Of course not. I am reality based. That''s not a "narrow view", as your insult says, it requires you OPEN your eyes to understand it.
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Old 09-10-2014, 08:13 PM
 
Location: Barrington
54,404 posts, read 38,018,566 times
Reputation: 17650
Never mind. Just realized this is a 2 year old thread on a common topic.

Last edited by middle-aged mom; 09-10-2014 at 08:25 PM..
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Old 10-21-2014, 04:05 PM
 
Location: Oceania
8,610 posts, read 6,714,640 times
Reputation: 8318
Quote:
Originally Posted by Ruth4Truth View Post
Of course she's right. Watch the mudslinging begin on this thread. Did you really think you'd get a reasoned reply from most people? Wait and see. You would get better results in the "Great Debates" section, just fyi.

What we have now is socialism for the rich; many are paying less federal tax than their own staff. Why would they want to give up a good thing
?

Disinformation! What the press says is erroneous. The rich pay more in taxes than you will ever earn in your lifetime - posting here is telling.
People don't complete the full fact you are trying to relay...the rich may be in a different bracket and their taxes - usually capital gains - are taxed at a lower percentage; about 1/2 the rate. Is that bad? Considering the invested money has been taxed several times already, yes.
How many times is it fair to tax the same stack of money. Suppose you had $1000 stacked on a shelf in a bank for which you receive 8% interest and the IRS wants 15% of that 8% earnings every January; are you OK with that? You paid taxes on that $1000 20 years ago and they keep on taxing it every year. Still OK with it?
Welcome to the world of investing your hard earned money with hopes it will work for you.

It's the same as having $1M on that shelf, getting 10% return and then having the IRS demand their annual 15% of whatever you earn on it.

The funny thing is the rich will always pay more than the everyday Joe as 15% of $200M > 30% of $100,000. Do the math.

The differences are percentage not actual monies paid.
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Old 02-03-2015, 02:41 PM
 
920 posts, read 539,671 times
Reputation: 643
Quote:
Originally Posted by Ruth4Truth View Post
Of course she's right. Watch the mudslinging begin on this thread. Did you really think you'd get a reasoned reply from most people? Wait and see. You would get better results in the "Great Debates" section, just fyi.

What we have now is socialism for the rich; many are paying less federal tax than their own staff. Why would they want to give up a good thing?

I am sorry, but you have been misinformed by propaganda of the progressives regarding taxation. The Warren Buffett lie is just that. Warren Buffett does NOT pay less in Federal Income tax than any of his staff members. What progressives rely upon is that you will conflate INCOME tax with taxes on INTEREST INCOME.

If Warren Buffett actually paid his taxes (keeping good company with the likes of Al Sharpton and Charlie Rangel), he would definitely pay a higher amount of tax dollars on his INCOME. That differs dramatically from the taxes he pays for his INVESTMENT income, since the tax rates are different for INCOME earned and INTEREST on Investments.

In 2013, Warren Buffett's total compensation was $423,923. His actual salary was $100,000. The remainder of his compensation went to his security detail.

So Buffett pays the same amount in taxes on $100,000.00 that a staff member earning a $100,000.00 salary would pay. Basically. Apparently, his secretary, Debbie Bosanke, earns well above $200,000.00, which puts her in a higher tax bracket for INCOME taxes.

See what you learn when you are not blinded by propaganda and bigotry towards people with wealth?

Buffett's secretary paid more in INCOME taxes because her salary was more than Buffett's. If you include what Buffett is required to pay on his INVESTMENT income, his tax liability to be multiples of his secretary's base salary.
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Old 02-03-2015, 08:39 PM
 
2,778 posts, read 1,536,495 times
Reputation: 2418
Most Americans don't even know what Socialism is.
They hear the word, switch off their brains, and get upset.

Good governance means you are willing to look at a situation and find a solution. It doesn't mean you just keep cutting taxes and gutting fought-for social programs and wonder how anyone could have ever thought we needed a government.

I seriously think that some people actually think that all taxes are socialism.
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Old 02-03-2015, 10:12 PM
 
Location: State of Transition
86,061 posts, read 79,233,199 times
Reputation: 88427
Quote:
Originally Posted by Frank DeForrest View Post
I don't want the inept and corrupt government involved in any of those things, i.e. education, welfare,medical research, health care, retirement...
I wonder why any responsible adult does?
Oh, fine! We'll abolish public schools, then, and make everyone pay for private schools, ...um...with what money? Public schools were set up for a reason, you know. The State has an interest in ensuring an educated, informed voting public. They want people to be able to read and do basic math, or do you have a problem with that?

People making minimum wage or a few dollars above that aren't able to save for retirement. If the government weren't funding medical research, the only research that gets done would be whatever the pharma industry could make the biggest profits from. Gov't funded medical research helps advance medical knowledge and the quality of your medical care. Were you planning on paying for your own neighborhood fire department and police force, too? Your own neighborhood library?
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Old 02-04-2015, 05:56 AM
 
Location: Long Island
40,208 posts, read 16,638,613 times
Reputation: 9179
Caption on historical perspective on tax rates, funny.


http://www.ritholtz.com/blog/wp-cont...4/top-rate.jpg
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Old 02-04-2015, 07:02 AM
 
43,537 posts, read 18,690,295 times
Reputation: 10182
Quote:
Originally Posted by Fiddlehead View Post
In the era of Grover Norquist and the Tea Party,NAFTA, DOMA, Bush's tax cuts and Limbaugh/Hannity/Beck/Coulter, you're kidding me right?
"Bush's tax cuts" Please tell us what you KNOW about the Bush tax cuts.

Based on your comment I would say "not very much".
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Old 02-04-2015, 07:10 AM
 
43,537 posts, read 18,690,295 times
Reputation: 10182
Quote:
Originally Posted by Fiddlehead View Post
Well, my look at it suggests it was higher then, for all classes of society. And we balanced the budget and we did not descend into socialist dictatorship. Going back to those levels, with some intelligent, bipartisan cutting would probably balance the budget again. The Bush presidency kicked in unsustainably low tax rates, along with a huge ramp up in spending. A disaster ensued. The chart does not include Obama-it stops at 2007, but I suspect he maintained the same disastrous tax rates. But if Obama tried to actually balance the budget by dumping those tax cuts, he would be called a socialist. Just ridiculous.

What is your point?
"And we balanced the budget" NOT so.

"The Bush presidency kicked in unsustainably low tax rates, along with a huge ramp up in spending.

First, the Bush tax cuts resulted in the HIGHEST amount of revenues collected in HISTORY.

Second, the deficit was GOING DOWN until 2007 when the dems took control of the Congress..
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