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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 Councilman View Post

    We have 1 percent of the population earn 19 percent of the income but pay 37 percent of the income tax, is that fair?
    Class warfare!


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Fishstyx View Post
    Why do they make that much? Because they're good at what they do. Anyway, I could truly give a rats ass about hedge fund managers. My beef with eliminating this loophole is that it will also impact others sectors that will have a negative effect on job growth. Real estate, venture capitalists and energy investment.

    If they want to solely target hedge fund managers, go for it.
    They aren't necessarily good at what they do. I know one hedge fund manager who has turned in absolutely crappy results for 10 years and he still makes seven figures a year. In fact there isn't much support for the proposition that any of these guys are particularly brilliant.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Obama has said on record two times that raising taxes during a recession would harm the economy and he wouldn’t do so. Why has he decided to do so now? He either wants to harm the economy which I doubt or he wants to shore up his base with this. Why shore up his base and alienate independents when his base will vote for him in 12 no matter what you might ask. My answer is this isn’t about the election; this is about the breaking white house scandals. Obamas going to need a strong steady wall between him and impeachment if these scandals go where I and apparently he thinks they are going. What other reason can there be to destroy the economy and alienate independents which he desperately needs to be reelected?

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    Re: White House Tax Plan Would Ask More of Millionaires

    We have 1 percent of the population earn 19 percent of the income but pay 37 percent of the income tax, is that fair?
    Yes, it is fair in the sense that the top 1% owns about 33% of the country's wealth. Or you could put it another way: someone making $80k might be paying a lower overall rate, but he's probably paying a much, much higher percentage of his disposable income.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by sawyerloggingon View Post
    Obama has said on record two times that raising taxes during a recession would harm the economy and he wouldn’t do so. Why has he decided to do so now? He either wants to harm the economy which I doubt or he wants to shore up his base with this. Why shore up his base and alienate independents when his base will vote for him in 12 no matter what you might ask. My answer is this isn’t about the election; this is about the breaking white house scandals. Obamas going to need a strong steady wall between him and impeachment if these scandals go where I and apparently he thinks they are going. What other reason can there be to destroy the economy and alienate independents which he desperately needs to be reelected?
    One, we aren't in a recession, and two, he tried to raise the top rate last year but buckled to Republican demands.

    Why is he doing it? Maybe it's that deficit you keep mentioning?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Snevert View Post
    It's not applying tax breaks/credits/loopholes. Yeah, 39.6% is the technical rate but after all breaks and such he actually only pays 15%.
    Its because different types of income are taxed differently and Buffett has structured his compensation to avoid as much tax as possible so he can kiss the ass of Obama while ingratiating himself to the envious by whining that his secretary pays a higher Rate on her earned income than he does on his unearned income.

    The dishonest SOB doesn't explain that on his artificially low SALARY INCOME HE PAYS A HIGHER RATE than his secretary and he pays thousands times more in actual dollars.



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Why is it that liberals and progressives(all the same) always worry about how much money is going to the Federal Govt. instead of focusing on how the govt. spends that money?
    that doesn't appeal to class envy nor can dems pander to the net tax consumers by such talk



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by AdamT View Post
    Yes, it is fair in the sense that the top 1% owns about 33% of the country's wealth. Or you could put it another way: someone making $80k might be paying a lower overall rate, but he's probably paying a much, much higher percentage of his disposable income.
    so you are confusing income with wealth

    go figure



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    that doesn't appeal to class envy nor can dems pander to the net tax consumers by such talk
    who is Buffett envious of?

    who are all of these millionaires, who support higher-taxes on millionaires, envious of?

    Patriotic Millionaires For Fiscal Strength
    Last edited by Thunder; 09-19-11 at 08:39 PM.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Why is it that liberals and progressives(all the same) always worry about how much money is going to the Federal Govt. instead of focusing on how the govt. spends that money?
    Why is it that most conservatives are against any tax hike whatsoever, forgetting that without revenues you can't pay for anything. Have you ever balanced a budget or tried to raise more money to pay off a debt? I worry because if they can't raise revenues because of some dopes in congress they will go bankrupt. A bankrupt American government is, like, really bad. Duh.
    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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