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Thread: White House Tax Plan Would Ask More of Millionaires

  1. #391
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    he almost always does. there is a hispanic Reagan there, I suspect.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Did you actually read the entire Politifact statement? Doubt it because it supports what I have been saying. You are confusing taxes as a percentage of income with taxes paid as a percentage of total taxes? Nothing refutes the article I posted which again causes me to ask the question as to why you believe a word the Obama Administration tells you?
    Taxes as a percentage of income is the only relevant discussion. As the rich own 85% of the wealth, of course they are going to be paying more in total taxes, unless you have devised a way to squeeze blood from a turnip.
    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

  3. #393
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    Re: White House Tax Plan Would Ask More of Millionaires

    Fortunately, the Wall Street Journal does a fairly good job of breaking it down:

    ...the IRS reports that those who made more than $1 million in adjusted gross income paid an average income tax rate of 23.3%.

    That's slightly lower than the 24.1% rate paid by those making between $500,000 and $1 million, probably because the richest are like Mr. Buffett and earn more from capital gains and dividends. The rate for a relative handful of the rich—400 people—fell to 18%, the modern equivalent of Barr's Gang of 21. But nearly all millionaires still paid a rate that is more than twice the 8.9% average rate paid by those earning between $50,000 and $100,000, and more than three times the 7.2% average rate paid by those earning less than $50,000...


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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    Taxes as a percentage of income is the only relevant discussion. As the rich own 85% of the wealth, of course they are going to be paying more in total taxes, unless you have devised a way to squeeze blood from a turnip.
    No it isn't for you have no idea what the expense requirements are for those evil rich people or those companies that liberals don't seem to like that fit into that tax bracket. What someone else owns has no affect on your so why is this even an issue with you?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by cpwill View Post
    Fortunately, the Wall Street Journal does a fairly good job of breaking it down:
    thanks for the post, wonder if those that have been attacking me will pay attention to the IRS numbers and finally admit they are wrong?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by cpwill View Post
    Fortunately, the Wall Street Journal does a fairly good job of breaking it down:
    This is a good example of why you should never use editorials to get facts. The Wall Street Journal article does not disprove that some wealthy people pay a lower percentage in taxes than middle class people. It goes with misdirection, talking about average tax rate.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    No it isn't for you have no idea what the expense requirements are for those evil rich people or those companies that liberals don't seem to like that fit into that tax bracket. What someone else owns has no affect on your so why is this even an issue with you?
    Because the economy can't thrive when so few people have the resources to both consume and pay taxes. One day you will figure that out.
    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 the economy can't thrive when so few people have the resources to both consume and pay taxes. One day you will figure that out.
    The economy can't thrive if the government holds all the cash, either.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Read the Politifact article in its entirety. Tax Policy center referenced. Calling me foolish is what you do when you cannot defend liberalism. Since your new tag line is "This is not class warfare, it's math" how about applying some math to it based upon IRS data? Since those evil rich people pay 38% of all Federal Income taxes paid and 47% of income earners pay zero, I would love to see that liberal math
    Exactly who are calling the rich "evil," have I ever called them evil?


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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by cpwill View Post
    Fortunately, the Wall Street Journal does a fairly good job of breaking it down:
    There is an old saying that rings true: "Statistics never lie but liars use statistics"


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