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Thread: White House Tax Plan Would Ask More of Millionaires

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by winston53660 View Post
    ahemm US citizens

    Attachment 67116369

    Wadda ya gonna charge 'em?
    There are 310 million Americans and if you were paying attention which I doubt you would know that I posted the 140 million income earners and thus the 65 plus million that aren't paying their fair share unless their fair share is zero.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    How is 47% paying zero in FIT their fair share?
    Because the wealth is concentrated into the top 10% of Americans.

    inequality-page25_therichest280.png
    It's the Inequality, Stupid | Mother Jones

    Which gets back to my point about corporations and individuals. Sure, maybe a corporate officer here and there doesn't make much income, but when they're money is tied up in stocks, they make a pretty penny off the capital (money and labor) supplied by the working class when they cash out. That's why the 15% capital gains rate is a joke to begin with. [insert Warren Buffet paying more than secretary diatribe here]

    And also, yes, corporations and the wealthy should pay higher taxes because of the benefits (direct and indirect) they receive(d) from all the line items of the federal budget as a collective whole.

    Quote Originally Posted by Conservative View Post
    Reagan took over with a 900 billion debt and left it at 2.6 trillion. Obama took office with a 10.6 trillion debt and it is 14.6 trillion now. Bush and Congress added 4.9 trillion to the debt in 8 YEARS and Obama will exceed that in four.
    You are really oversimplifying economics here.
    Last edited by muRda; 10-03-11 at 08:52 PM.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by muRda View Post
    Because the wealth is concentrated into the top 10% of Americans.

    inequality-page25_therichest280.png
    It's the Inequality, Stupid | Mother Jones

    Which gets back to my point about corporations and individuals. Sure, maybe a corporate officer here and there doesn't make much income, but when they're money is tied up in stocks, they make a pretty penny off the capital (money and labor) supplied by the working class when they cash out. That's why the 15% capital gains rate is a joke to begin with. [insert Warren Buffet paying more than secretary diatribe here]

    And also, yes, corporations and the wealthy should pay higher taxes because of the benefits (direct and indirect) they receive from all the line items of the federal budget as a collective whole.
    The wealth isnt a fixed amount, it continues to grow or at least used to. Why aren't you working to get a share of that growing wealth? Keep raising those taxes and watch people flock from NY. Why has Coumo proposed lower taxes? Who do you think pays corporate taxes?

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    Re: White House Tax Plan Would Ask More of Millionaires

    let them keep the lower 2000s rate if they use what they would have paid in taxes to hire people domestically. the claim is that the lower rate creates jobs; let's see it in action.

    otherwise, roll it back to the 1990s rate. the economy did quite well when the top rate was 39 percent.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Helix View Post
    let them keep the lower 2000s rate if they use what they would have paid in taxes to hire people domestically. the claim is that the lower rate creates jobs; let's see it in action.

    otherwise, roll it back to the 1990s rate. the economy did quite well when the top rate was 39 percent.
    Why do you think there is so much passion on the part of liberals to increase taxes?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    The wealth isnt a fixed amount, it continues to grow or at least used to.
    And that changes what about that chart? Percentages work with proportions, my friend, they're entirely flexible to a change in quantity.

    Why aren't you working to get a share of that growing wealth?
    Too busy correcting people on the internet.

    Keep raising those taxes and watch people flock from NY. Why has Coumo proposed lower taxes? Who do you think pays corporate taxes?
    That's a great story, but I'd rather we just stick with what I said and not turn this into who's got the bigger propaganda.

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    Re: White House Tax Plan Would Ask More of Millionaires

    muRda;1059845463]And that changes what about that chart? Percentages work with proportions, my friend, they're entirely flexible to a change in quantity.
    Percentage change is worthless, the higher the base the lower the percentage change. Example Reagan added 1.7 trillion to the debt which is a much higher percentage than the 4 trillion Obama added as the Reagan base was 900 billion and the Obama base 10.6 trillion. Reagan's percentage was going to be higher but which do you want to pay debt service on, 1.7 trillion or 4.0 trillion?

    Too busy correcting people on the internet.
    Not doing a very good job at it. Better try something else.

    That's a great story, but I'd rather we just stick with what I said and not turn this into who's got the bigger propaganda.
    No problem, like the story but like more the taxpayers that are moving to TX from NY because TX has no state income taxes.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Why do you think there is so much passion on the part of liberals to increase taxes?
    Because liberals are not willing to sacrifice senior's benefits to continue tax breaks for the wealthy.

    Why do you think there is so little passion on the part of conservatives to protect seniors benefits?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    Because liberals are not willing to sacrifice senior's benefits to continue tax breaks for the wealthy.

    Why do you think there is so little passion on the part of conservatives to protect seniors benefits?
    How does sending more FIT to the Federal Govt. affect Senior benefits? You don't understand FICA do you?

    I am a senior and know that sending more to the govt. doesn't change my benefits at all.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Yep, SS and Medicare aren't costs to RUN The govt. Suggest you learn the line items to run the govt.
    What pot does the “payroll tax” go in, and what percent of their income does “payroll tax” represent to the 47 percenters that pay no FIT, compared to someone making $300 K per year?

    No way in hell can you spin this BS"Right now the price being paid by 47% to fund that govt. is ZERO. Is that what you call paying their fair share" and make it smell like anything but the bull**** it is.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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