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Old 11-10-2012, 03:17 PM
 
3,614 posts, read 3,507,311 times
Reputation: 911

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What I've gained so far from this **** spewing so far is that our economic troubles and poor revenues are the fault of everyone else, from teachers, the working poor, the unemployed, illegals, liberals, conservatives, employees, small business owners, politicians, everyone but people with the 80% of the countries wealth and 40% of the yearly income.

That makes sense. I knew it was Mrs. Green that was robbing me blind in second grade.
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Old 11-10-2012, 04:15 PM
 
41,109 posts, read 25,786,851 times
Reputation: 13868
Quote:
Originally Posted by Magritte25 View Post
Because someone making $40K per year shouldn't be paying proportionately more than someone making $40 million. The rich shouldn't be sucking off the sweat of the poor and middle class.
40 million is not 250K. you people can't even get the most basic straight let alone handle a budge.
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Old 11-10-2012, 04:20 PM
 
9,879 posts, read 8,032,083 times
Reputation: 2521
Quote:
Originally Posted by Jill61 View Post
Everyone already has "skin in the game."
Don't confuse use taxes at the state level with federal income tax
beyond payroll Medicare taxes for folks that have earned income.

Quit the spin that folks on Welfare, Medicaid, Food Stamps, Unemployment
or those who make their money illegally contribute equitably.
I'm sure they contribute to society in many ways, but paying
federal taxes isn't one of them

According to Congressional Budget Office numbers:

"Those in the bottom 40% of households got more money back then they paid and
those in the top 10% paid an effective income tax rate of 15.9%
and those in the top 1% paid 19.7%."
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Old 11-10-2012, 05:45 PM
 
Location: Redondo Beach, CA
7,835 posts, read 8,451,651 times
Reputation: 8564
Quote:
Originally Posted by pollyrobin View Post

Don't confuse use taxes at the state level with federal income tax
beyond payroll Medicare taxes for folks that have earned income.

Quit the spin that folks on Welfare, Medicaid, Food Stamps, Unemployment
or those who make their money illegally contribute equitably.
I'm sure they contribute to society in many ways, but paying
federal taxes isn't one of them

According to Congressional Budget Office numbers:

"Those in the bottom 40% of households got more money back then they paid and
those in the top 10% paid an effective income tax rate of 15.9%
and those in the top 1% paid 19.7%."
There's no confusion on my part. You, however, seem to be confused about what constitutes "skin in the game." Hint: Federal income taxes are not the sole arbiter. Were they, you'd have to concede that 37,000 wealthy Americans who paid zero federal income taxes in 2009 also had "no skin in the game." And I highly doubt you'd be willing to concede that at all. So let's move on, shall we?

How about you quit painting families who must rely on Survival Security programs as leeches who don't contribute equitably and start recognizing who is really putting them in the position of needing to. It's as if you just glossed right on over the fact that our biggest corporations are the primary recipients of government's largess because they use us as their supplemental payroll department.

If those on the bottom 40% are getting more money back than they paid in, by definition that means they are paid so little that they qualify for those low-income tax credits. So whose fault is it that these families are so poorly compensated for their hard work?

The justification for taxing the highest income earners at a higher rate than current has nothing to do with their effective tax rate, but as I explained above, on the fact that they are extracting tax revenues from the government by siphoning a larger and larger portion of our nation's wealth into mechanisms that are taxed at half the rate of labor. Had those monies gone into the paychecks of workers instead of the tax-free or low-tax schemes the wealthy establish for themselves, we wouldn't have a budget problem at all. Paying workers their rightful share of profits so that more earners are paying federal income taxes would actually accomplish what the Right Wing pays lip service to but does nothing to actually accomplish: broadening the base.

When a collective group of people scheme to establish laws that would get them out of having to pay taxes on their income, it is just and appropriate that The People should insist their Representatives correct this disservice to our nation and its future.

Again:
All the Property that is necessary to a Man, for the Conservation of the Individual and the Propagation of the Species, is his natural Right, which none can justly deprive him of: But all Property superfluous to such purposes is the Property of the Publick, who, by their Laws, have created it, and who may therefore by other Laws dispose of it, whenever the Welfare of the Publick shall demand such Disposition. He that does not like civil Society on these Terms, let him retire and live among Savages. He can have no right to the benefits of Society, who will not pay his Club towards the Support of it. ~ Benjamin Franklin, Founding Father
We, The People, now demand such disposition. We had an election this week and 52% — a majority, not simply a plurality — of Americans said they want the guy who will right the wrongs that the wealthy have perpetrated by gaming the system with their tax avoidance schemes and raise their taxes to compensate for what they've taken out of the economy.
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Old 11-10-2012, 05:53 PM
 
Location: Great State of Texas
86,052 posts, read 84,601,142 times
Reputation: 27720
Quote:
Originally Posted by Jill61 View Post
We, The People, now demand such disposition. We had an election this week and 52% — a majority, not simply a plurality — of Americans said they want the guy who will right the wrongs that the wealthy have perpetrated by gaming the system with their tax avoidance schemes and raise their taxes to compensate for what they've taken out of the economy.
Incorrect. There are 180 million voters. Not all turned out to vote.
60 million elected Obama.

That is 30%.

Your 52% is 52% of those that voted, not 52% of Americans.
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Old 11-10-2012, 05:53 PM
 
7,473 posts, read 4,027,901 times
Reputation: 6462
jill61

your premise about wal-mart is absolutely on target...........
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Old 11-10-2012, 05:55 PM
 
Location: Great State of Texas
86,052 posts, read 84,601,142 times
Reputation: 27720
Quote:
Originally Posted by Jill61 View Post
We, The People, now demand such disposition. We had an election this week and 52% — a majority, not simply a plurality — of Americans said they want the guy who will right the wrongs that the wealthy have perpetrated by gaming the system with their tax avoidance schemes and raise their taxes to compensate for what they've taken out of the economy.
Incorrect. There are 180 million voters. Not all turned out to vote.
60 million elected Obama.

That is 30%.

Your 52% is 52% of those that voted, not 52% of Americans.
52% of Americans would be around 160 million people and Obama certainly didn't get anywhere near that.
So, if you want what the percentage of Americans was, it was 19%. 19% of Americans said they want Obama.
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Old 11-10-2012, 05:55 PM
 
7,473 posts, read 4,027,901 times
Reputation: 6462
Quote:
Originally Posted by pollyrobin View Post
Don't confuse use taxes at the state level with federal income tax
beyond payroll Medicare taxes for folks that have earned income.

Quit the spin that folks on Welfare, Medicaid, Food Stamps, Unemployment
or those who make their money illegally contribute equitably.
I'm sure they contribute to society in many ways, but paying
federal taxes isn't one of them

According to Congressional Budget Office numbers:

"Those in the bottom 40% of households got more money back then they paid and
those in the top 10% paid an effective income tax rate of 15.9%
and those in the top 1% paid 19.7%."
But what did that top 1% pay on their capital gains. which is where they make most of their money....
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Old 11-10-2012, 06:01 PM
 
Location: Great State of Texas
86,052 posts, read 84,601,142 times
Reputation: 27720
Quote:
Originally Posted by jeffdoorgunner View Post
But what did that top 1% pay on their capital gains. which is where they make most of their money....
Capital gains is not a static figure. You have to sell to realize your gain/loss.
Then you have short term vs long term.

It's not static like annual income figures.

Where have you read that capital gains is "most of their money" ?
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Old 11-10-2012, 06:02 PM
 
9,879 posts, read 8,032,083 times
Reputation: 2521
Quote:
Originally Posted by Jill61 View Post
We had an election this week and 52% — a majority, not simply a plurality — of Americans said they want the guy who will right the wrongs that the wealthy have perpetrated by gaming the system with their tax avoidance schemes and raise their taxes to compensate for what they've taken out of the economy.
I hope Obama fulfills that promise for you. He had a problem doing it in 2010
Oh wait, he skipped over that to allow extension of unemployment benefits (hint: no jobs)
When are you going to realize that this President is a temporary fix kind of guy.
Want a permanent fix:

I'd suggest you start with repealing the 16th amendment Then you wouldn't need to concern yourself
with whether the wealthy are paying their fair share.
Another suggestion, start your own business so
you won't have to complain about that evil company that employs you.
That is, IF you have a job...in this economy.
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