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Old 03-21-2014, 05:49 PM
 
Location: the very edge of the continent
88,729 posts, read 44,535,751 times
Reputation: 13600

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Quote:
Originally Posted by chad3 View Post
If you make $2,000,000 a year and your not a CEO your getting nailed with taxes.
If you make $150,000 a year your getting nailed with taxes.
Both true.

Quote:
Its the millionaire CEO's who's personal income is taxed by capital gains, who pay the 11%-17% personal tax rates.
Please list the CEOs who don't earn a salary.
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Old 03-21-2014, 05:57 PM
 
Location: New Orleans, La. USA
6,354 posts, read 3,643,116 times
Reputation: 2522
Quote:
Originally Posted by InformedConsent View Post
No, it's a truth-finding quest.

Now, please... answer the questions.
I don't know how to find that (specific) information.

But, Single Filing Status (2014)

10% on taxable income from $0 to $9,075, plus
15% on taxable income over $9,075 to $36,900, plus
25% on taxable income over $36,900 to $89,350, plus
28% on taxable income over $89,350 to $186,350, plus
33% on taxable income over $186,350 to $405,100, plus
35% on taxable income over $405,100 to $406,750, plus
39.6% on taxable income over $406,750.

Federal Income Tax Rates for the Year 2014


Our tax system is stupid.

If you make $410,000 a year you are in the 39% bracket.
If you make $2,000,000 a year you are in the 39% bracket.
The person making $410,000 is being unfairly punished.


Our tax brackets should tax the above people differently.

Example,

400,000 -30%
600,000 -31%
800,000 -33%
1,000,000 -34%
2,000,000 -35%
5,000,000 -37%
ex.ex.
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Old 03-21-2014, 06:03 PM
 
Location: the very edge of the continent
88,729 posts, read 44,535,751 times
Reputation: 13600
Quote:
Originally Posted by chad3 View Post
I don't know how to find that (specific) information.

But, Single Filing Status (2014)

10% on taxable income from $0 to $9,075, plus
15% on taxable income over $9,075 to $36,900, plus
25% on taxable income over $36,900 to $89,350, plus
28% on taxable income over $89,350 to $186,350, plus
33% on taxable income over $186,350 to $405,100, plus
35% on taxable income over $405,100 to $406,750, plus
39.6% on taxable income over $406,750.

Federal Income Tax Rates for the Year 2014


Our tax system is stupid.

If you make $410,000 a year you are in the 39% bracket.
If you make $2,000,000 a year you are in the 39% bracket.
The person making $410,000 is being unfairly punished.


Our tax brackets should tax the above people differently.

Example,

400,000 -30%
600,000 -31%
800,000 -33%
1,000,000 -34%
2,000,000 -35%
5,000,000 -37%
ex.ex.
Why not tax everyone at the same rate? Earn very little; pay very little tax. Earn A LOT; pay A LOT of tax.
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Old 03-21-2014, 06:05 PM
 
Location: the very edge of the continent
88,729 posts, read 44,535,751 times
Reputation: 13600
Quote:
Originally Posted by chad3 View Post
I don't know how to find that (specific) information.
Then why are you asserting something which you've now admitted you don't know?
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Old 03-21-2014, 06:21 PM
 
Location: New Orleans, La. USA
6,354 posts, read 3,643,116 times
Reputation: 2522
Quote:
Originally Posted by InformedConsent View Post
Both true.

Please list the CEOs who don't earn a salary.
Warren Buffett's Effective Federal Income Tax Rate Was Just 11% - Forbes


CEO Mitt Romney paid a 14% effective tax rate in 2011.
Romney paid 14% effective tax rate in 2011 - Sep. 21, 2012


In 2003 CEO Dick Cheney paid a 13% tax rate.
http://www.ctj.org/pdf/bushchen.pdf
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Old 03-21-2014, 06:23 PM
 
Location: the very edge of the continent
88,729 posts, read 44,535,751 times
Reputation: 13600
What was his salary for that year?

Quote:
CEO Mitt Romney paid a 14% effective tax rate in 2011.
Romney paid 14% effective tax rate in 2011 - Sep. 21, 2012
What was his salary for that year?

Quote:
In 2003 CEO Dick Cheney paid a 13% tax rate.
http://www.ctj.org/pdf/bushchen.pdf
What was his salary for that year?
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Old 03-21-2014, 06:26 PM
 
Location: the very edge of the continent
88,729 posts, read 44,535,751 times
Reputation: 13600
Quote:
Originally Posted by truerwords View Post
Yup. Facts! Watch out informed consent will act oblivious to em.
What were their salaries for those years?
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Old 03-21-2014, 06:43 PM
 
Location: New Orleans, La. USA
6,354 posts, read 3,643,116 times
Reputation: 2522
Quote:
Originally Posted by InformedConsent View Post
Why not tax everyone at the same rate? Earn very little; pay very little tax. Earn A LOT; pay A LOT of tax.
Because we live in an industrialized country. We have a military, space program, federally funded medical research, nice highways, safe bridges, safe dams, we dredge shipping canals, we have the CIA/FBI to keep us safe, we have a EPA and FDA to keep our water, medicine, and food safe, ex.ex.ex.

If we taxed everyone at the same rate, we would no longer have the tax dollars to be a modern industrialized country.

Also American workers who make $17,000 a year, would not be able to pay their bills, if they were taxed at a flat tax rate.


A flat tax/fair tax helps the rich and hurts the middle class.

GOP Fair Tax Helps Rich at the Expense of the Middle Class
Why a Flat-Rate Tax is Unfair: A Quick Overview of America's Wealth Inequality and Tax Structure
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Old 03-21-2014, 06:45 PM
 
34,274 posts, read 19,297,155 times
Reputation: 17256
Romney in 2011...looks like his income was 22 million

Cheny 2003 looks like 828K, with 198K being from his salary as vice president.

I could go on....but whats the point? Why are these questions relevant?
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Old 03-21-2014, 06:51 PM
 
Location: the very edge of the continent
88,729 posts, read 44,535,751 times
Reputation: 13600
Quote:
Originally Posted by chad3 View Post
Because we live in an industrialized country. We have a military, space program, federally funded medical research, nice highways, safe bridges, safe dams, we dredge shipping canals, we have the CIA/FBI to keep us safe, we have a EPA and FDA to keep our water, medicine, and food safe, ex.ex.ex.

If we taxed everyone at the same rate, we would no longer have the tax dollars to be a modern industrialized country.
Not true at all. Just establish a flat tax rate that pays for it all.
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