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Thread: White House Tax Plan Would Ask More of Millionaires

  1. #1601
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    real doctors don't have time for that idiotic nonsense
    I will let her know that the
    warrior of the wetlands
    has spoken.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by haymarket View Post
    I never said that there is no wealth that should not be passed on to the next generation. I said it should be taxed..... much like we tax income.

    You have the right to think what you want about peoples motivations - however, I do not think the thought of someone having to pay a tax on a fortune of amassing tens of millions of dollars is going to stop them from amassing that fortune.
    When I die and pass on my corvette, and my house, on to my kids, I don't want them to have to pay a tax on something that is to be their "start" in life, so to speak. Gifts should not be taxable. it's wrong.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by KevinKohler View Post
    When I die and pass on my corvette, and my house, on to my kids, I don't want them to have to pay a tax on something that is to be their "start" in life, so to speak. Gifts should not be taxable. it's wrong.
    If it is under a couple million you have nothing to worry about

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    real doctors don't have time for that idiotic nonsense
    Like practicing free speech? I'm sure glad the founders found the time from their busy schedules (lawyers, doctors, shop owners) for political action.

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    Re: White House Tax Plan Would Ask More of Millionaires

    While I feel bad for the situation you and the folks you write about are in, what did anyone think they could do with a English lit degree?
    The English Lit degree was one of the persons. Keep in mind...speaking of "35 years ago" like the person I was talking to...you could find a job with and English Lit Degree. Not everybody can be MBA's, Engineers or Scientist. I have no idea your age range but I'm sure if that was the case when you graduated there would be a lot of people in dire straits!

    This economy stinks, but it has been bottoming out for the last 30 years, propped up by personal and government debt until that could not rise any more. Why aren't people protesting about free trade. Obama promised us fair trade where is it. Without fair trade we send our manufacturing jobs overseas and instead wind up with service sector jobs like the kind you find yourself in.
    The whole corrption thing fits into that. As of right now, with no protesting, who do you vote for protecting American workers? The only thing our Congress can do with true bi-partisanship right now is shove through Free trade agreements. That' corporate money, not voters. Shipping job overseas is the one thing that pretty much unites both parties but apparently contributions trump voter concerns.

    When will the public stop being led like sheep by one party or the other. This new rally is just the Democratic response of the tea party.
    The Democratic party is not anti-Wall Street. I disagree with this.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by KevinKohler View Post
    I agree. And unemployment isn't the issue with my age group and younger, college grad crowd. The issue is the fact that, with my last job I had, I ran a crappy little restaurant, my dishwasher had a 4 year degree in english lit, or something like that, one of my servers had a 4 year in psychology, and is now working on her masters, so she continue to be a sever, one of my cashiers had 4 year in business managment, and I myslef have a 4 year degree. NOT in restaurant management. I hire these people because, of all the applications I get (which are a LOT, consistently), if I had to choose, I'll choose the folks that had the brains and determination to finish out their degrees in college, over people largely untested and unverifiable until AFTER hiring. You know? And now I'm outa work, because that place went under, and I've been looking for work for the past 3 months and a week. I have a part time job, at BJ's wholesale club, in the meat dept. But that only supliments unemployment. I need at least 43,000 a year, give or take, in order to really be ok. I need at LEAST 37,000 a year just to keep me and my family in the black. The extra is for college for the kids, retirement, and god forbid I ever want to be able to afford a car should one of mine breaks down. And personally, I consider myself much more fortunate than most.
    Amen dude, I had the GI Bill so got through with virtually no student loan debt (don't know your case) but that adds a whole other dynamic to leaving school and not being able to find a job.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by washunut View Post
    You still fail to respond to respond to what I said to YOU. I understand you are old and feeble so I will respectfully repeat my assertion. That is that for generations we have had as aspirational society that as a basis meant that one generation strove in order that their children would be in a better place.

    You seem to indicate that there is no level of wealth that should be passed along from generation to generation. I say that doing this would make it less likely for middle that have made it to the middle class or a bit beyond will be motivated to work a few more years to build a nest egg that will eventually go to the government.

    Now you can either respond or keep the nonsense and have mindless knuckleheads "like" another non response.
    AFAIK no one is proposing that we should have a 100% estate tax for all bequests. In 2009, fewer than 15,000 estates in the whole country paid any tax at all.

    We are in a situation where, for the first time, the next generation, and perhaps the next generation after that, will do less well than the preceding generation. And it has nothing to do with estate taxes. It has to do with putting personal greed above the public welfare.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

  8. #1608
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    That is the subject, raising taxes on the rich when the rich pay most of the taxes now and 47% of income earners pay nothing in FIT. You are the one running so either answer the question or just admit that you are a troll
    You are the one always accusing others of citing trite talking points. Now, sir, you are the guilty party. This 47% paying no income tax is a favorite of Hannity. Its an effective sound bite, but its so easy for someone with a little intelligence to peel back the veneer.

    Lets start with the misstatement that 47% of income earners pay no taxes. Its not income earners, but households. Income earners are a subset of households. Households include the unemployed, retired persons, the disabled and even entrepreneurs (those that are starting small businesses that have no income... of which, BTW, I am one)

    Let's go to step two, which requires some understanding of income taxes, which unfortunately very few people understand (including most people currently in this debate). In the 30+ years that I have been somewhat knowledgeable about income taxation (since earning my CPA), income taxes have been focused on discretionary income, not wage income. This is why we have exemptions, standard deductions and credits... so that individuals and families have the income needed for their basic necessities exempt from taxation. The fact that 47% of households have no income liability means that 47% of American households have no discretionary income.

    Sorry, but the lower income group has been disproportionately hit by this recession. You want them to pay more taxes, then fix the economy... not just the recession, but the economy that has increasingly favored the very wealthy over the working class in the distribution of the nation's wealth. This Mexicifaction of America trend, if not corrected, will lead to the collapse of our system.





    I'm not certain of your point in all this. Do you think this group of people actually is actually stockpiling money? Do you think raising their taxes will move that money from their large bank accounts to fix our deficit issue? Have you ever tried raising a family on $50,000 per year (today's money)? Don't you realize they already pay a much, much higher percentage of their income in sales, payroll tax and use tax then those that have actually done well in this economy? Sorry, but your "let's get blood from a stone" rant is somewhere between ignorant to immoral.Wealth disparity in US.jpg
    Last edited by upsideguy; 10-07-11 at 12:06 AM.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by iliveonramen View Post
    Like practicing free speech? I'm sure glad the founders found the time from their busy schedules (lawyers, doctors, shop owners) for political action.
    employed professionals aren't the ones out there smelling like something out of the swamp



  10. #1610
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by AdamT View Post
    AFAIK no one is proposing that we should have a 100% estate tax for all bequests. In 2009, fewer than 15,000 estates in the whole country paid any tax at all.

    We are in a situation where, for the first time, the next generation, and perhaps the next generation after that, will do less well than the preceding generation. And it has nothing to do with estate taxes. It has to do with putting personal greed above the public welfare.
    the estate tax is pure greed



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