So, President Obama is going to propose higher taxes on "high earners." (dollar, party)

[petch751]

Originally Posted by freightshaker

They should really join us and live the dream.. It's so easy running a business.

Well if you try to tell them from experience, they'll tell you why you are wrong lol.

[freightshaker]

Originally Posted by nvxplorer

Good for you! (You don't speak for everyone.)

I don't believe you, anyway. If someone approached you with a million dollar contract, you'd take it.

Yep, I'd take it if the numbers were right, then I would subcontract it out.. Make a profit and avoid the headache.

[RaymondChandlerLives]

Right-wingers, how's life living inside the pockets of the 1%? Does it get stuffy in there? Are you allowed to come up for air every now and then?

Cutting social programs won't make a dent on our budget deficits. Raising effective tax rates will. Funny how right-wingers always long for the good old days of the 50s/early 60s. Check the effective tax rates during those years, you'll be surprised.

Thr fact that conservatives continue to scapegoat the poor is embarrassing.

[shiftymh]

He already got his tax hike. According to him, everyone is paying their fair share now.

[freightshaker]

Originally Posted by petch751

Well if you try to tell them from experience, they'll tell you why you are wrong lol

Yet they are still working for someone else and punching a time clock... Funny how that works isn't it...

[petch751]

Originally Posted by freightshaker

Yep, I'd take it if the numbers were right, then I would subcontract it out.. Make a profit and avoid the headache.

ROFLMAO, I love it!!!

[petch751]

Originally Posted by freightshaker

Yet they are still working for someone else and punching a time clock... Funny how that works isn't it...

There is some pretty funny fly by posts from experts (poor people and W2 workers) in this thead.

//www.city-data.com/forum/polit...rich-poor.html

[petch751]

Originally Posted by freightshaker

Yet they are still working for someone else and punching a time clock... Funny how that works isn't it...

The W2 worker getting robbed by government before they the paycheck they worked to earn. Yet they think they are the experts.

[ALackOfCreativity]

Originally Posted by petch751

So how much would that "$million" dollars be worth after taxes and how much effort is required?

This is honestly the precise case WHY we shouldn't be favoring capital gains over income, beyond simpler equity/fairness arguments. Capital gains sometimes (for small businesses filing their taxes that way where the owner has to do more work to pull in more business) disincentives additional effort, but often it doesn't (other situations). Income and payroll taxes almost always do.

Although of course taken to its logical conclusion it really argues for a VAT tax over any of income, payroll, and capital gains taxes.

[nvxplorer]

Originally Posted by dsjj251

i do love how everyone on C-D owns a business and is making hundreds of thousands of dollars a year employing hundreds of people that they hate because they didnt start their own business and want a tax cut.

Not only that, they possess the clairvoyance to know what the rest of us do, as well. Hilarious.