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Thread: White House Tax Plan Would Ask More of Millionaires

  1. #91
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    Re: White House Tax Plan Would Ask More of Millionaires

    I find it rather disingenuous that some claim that the government should not "pick" winners or losers by having different tax treatment of different sources of income yet they oppose a flat tax on all income or a consumption tax-both of which would prevent the government engaging in class warfare or pitting one group against another.

    What is obvious is many people try to justify higher rates on dividend or Capital gains income PURELY because a few thousand people have lower taxes than some highly salaried individuals because those few thousand have only investment income and that somehow upsets the class warriors who are mad that a billionaire only paid 18% of his billion dollar income while someone making 200K a year might have paid 20%. (Buffet's secretary would have to be making over 150K for him to come close to being honest and he still paid 35% rate on his 100K salary)

    They ignore that the billionaire paid more actual dollars than 70+ million americans combined but they ignore the fact that 47% of Americans have exactly the same rights as a billionaire but pay less income taxes COMBINED than that one billionaire.

    They are indignant over "unequal tax rates" except when it allows people to have full citizenship rights without paying the dues



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    ..Your whining that the richest 1/100th of one percent have mostly those types of income is not a sound basis for increasing the rates so you can slake your dislike of the uber rich
    #1. he's not the one whining about taxes being too high.

    #2. there is no evidence that he dislikes rich people.

  3. #93
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by The Giant Noodle View Post
    Its a FACT. They are under paying Mr. Turtle.
    That is horse poop

    they pay more of the income tax than their share of the income. THose who are paying no income tax are underpaying

    Your understanding of a fact is pathetic and that is a FACT



  4. #94
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    the only confusion is your inability to understand or concede that there are sound economic reasons for having lower rates on LTCG or dividends. Your whining that the richest 1/100th of one percent have mostly those types of income is not a sound basis for increasing the rates so you can slake your dislike of the uber rich
    ohhhhhh COME ON! Youre afraid. Youre afraid of paying more.

    Turtle if we cut from the bottom (which we should) then we need to raise more from the top.
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Goldenboy219 View Post
    No, it is simply good economics.



    This has been addressed previously; hindering economic activity (at this stage) is simply not an option. You are about 11 years too late to be calling for such policies.
    obumble's scheme is good politics, lousy economics and he wants to tax the rich poor so he can claim it will pay for him buying more votes with more idiotic spending



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by The Giant Noodle View Post
    ohhhhhh COME ON! Youre afraid. Youre afraid of paying more.

    Turtle is we cut from the bottom (which we should) then we need to raise more from the top.
    I pay over 300k a year in income taxes. I'll tell you what, when you pay as much as I do you will have room to talk. I suspect I pay more in a year than you have in your life



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Why does the govt. need more revenue? Seems to me that you are justifying the size of the govt. as it is? Here are the line items in the budget, how many are duplicated at the state level thus not needed at the Federal Level? I believe we have a spending problem not a revenue problem. Too many ignore that it is the income earner's money first and doesn't belong to the govt.
    Are you aware of the massive deficit the US government has? It's both a spending problem AND a revenue problem. We spend too much and take in too little. If we're going to be serious about getting rid of our deficit we need a revenue increase ALONG with the spending cuts.
    The GOP National Committee should change their emblem from an elephant to a condom. A condom stands up to inflation, halts production, destroys the next generation, protects pricks, and gives one a sense of security and safety while screwing others.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    I find it rather disingenuous that some claim that the government should not "pick" winners or losers by having different tax treatment of different sources of income yet they oppose a flat tax on all income or a consumption tax-both of which would prevent the government engaging in class warfare or pitting one group against another.

    What is obvious is many people try to justify higher rates on dividend or Capital gains income PURELY because a few thousand people have lower taxes than some highly salaried individuals because those few thousand have only investment income and that somehow upsets the class warriors who are mad that a billionaire only paid 18% of his billion dollar income while someone making 200K a year might have paid 20%. (Buffet's secretary would have to be making over 150K for him to come close to being honest and he still paid 35% rate on his 100K salary)

    They ignore that the billionaire paid more actual dollars than 70+ million americans combined but they ignore the fact that 47% of Americans have exactly the same rights as a billionaire but pay less income taxes COMBINED than that one billionaire.

    They are indignant over "unequal tax rates" except when it allows people to have full citizenship rights without paying the dues
    its very simple: the more money you make, the more you can afford to pay in taxes, therefore the more you should pay in taxes.

    its common sense. its logical. its rational. it doesn't take a rocket scientist to understand it.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    I pay over 300k a year in income taxes...
    And I bet you can afford to pay just a wee bit more, am I right? Paying a little more in taxes won't keep you from buying food or new toys, now would it?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Helix View Post
    no loopholes save one : give them a preferential tax rate if they directly create jobs with the money. that's one main argument i've seen against "raising" the tax rate on the very wealthy; so let them deliver on the job creation promise.

    problem solved.
    Maybe you are not familiar with the concept of a free market but in the United States we are not in the business of dictating how people spend money, other than taxes. The reason these businesses are not hiring is because their businesses are not growing. Even the rich want to make more money so if they had the opportunity to do so by expanding their business (and hiring more employees to operate said expanded business) are you saying they would not? It is utterly pathetic that people seriously sit there and believe that we should tax the rich and force them to hire people. Start your own business and run it however you want to. That is the beauty of America. What is mine is not yours so take your pathetic whining to someplace that cares...like nowhere.

    The problem here is the half of Americans that don't pay taxes and they still sit there whining like they are being treated unfairly by people who paid more taxes in a year than you will in your life. Get an education, that will solve all of your problems.

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