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Originally Posted by OICU812
Sounds like you are talking about the people getting filthy rich off the $85 billion a month in QE3
Quote:
Originally Posted by armory
Don't blow their minds with blatant facts.
yep, an obama administration that is pumping allll that money right into the bankers hands but hey, promise to throw Obama supporters a few bones and they'll just ignore $85 billion a month.
Yes the "rich" do pay a lot of taxes. They also get the most "loopholes" and "tax breaks". Remember when Warren Buffet said he paid less in taxes percentage wise than his own Secretary? How about Mitt Romney?
Cry me a river please.
Yet Warren Buffet is an expert in tax avoidance. Hypocrite!
Much more in federal government services and benefits than they're paying for.
Cite, please. Prior to Obamacare, I can't think of any federal government benefits childless burger flippers working full time get. While they are theoretically eligible for Section 8, it's so hard to get on the waiting list, plus the waiting list is so long, it's unlikely a burger flipper actually has Section 8.
So you don't think the rich pay the other taxes? The rich, do pay the other taxes too. The "so called rich" who are also small business owners also match your payroll taxes.
Of course they pay those other taxes. Most of them anyway. Was there a point there?
Really? If that's so, why do they pay the highest effective tax rates? So high that they're paying TWICE their fair share?
Doesn't "effective tax rate" depend on what the definition of "income" is? (And I'm not sure whether the effective tax rates you cite are based on AGI or on taxable income or on something else.) People at the highest income levels often have considerable discretion in the way they structure and receive income, and in the timing thereof.
Isn't income tax and capital gain taxes rates different?
Yes. Capital gains are unearned income and as such are included in the IRS's effective federal income tax rate data.
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Don't blow their minds with blatant facts. 
