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Thread: White House Tax Plan Would Ask More of Millionaires

  1. #421
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Thunder View Post
    are you calling Obama, a Republican?
    do you have a problem reading?



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes, payroll taxes and other taxes, according to the Tax Policy Center, a Washington think tank.
    Households making between $50,000 and $75,000 will pay an average of 15 percent of their income in federal taxes.
    Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent.
    The latest IRS figures are a few years older — and limited to federal income taxes — but show much the same thing. In 2009, taxpayers who made $1 million or more paid on average 24.4 percent of their income in federal income taxes, according to the IRS.
    Those making $100,000 to $125,000 paid on average 9.9 percent in federal income taxes. Those making $50,000 to $60,000 paid an average of 6.3 percent

    Obama is a lying prick is what the truth is
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    Obama is a lying prick is what the truth is

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    do you have a problem reading?
    no I read very well, thank you.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by washunut View Post
    How about guilty of stupidity. We loaned a half billion to a company who built a product that cost $5 and sold for $3.25. The we will find out if they the way loan was structured with the government taking the loss before investors is in fact in contradiction to the law.
    Did you know the very, very, very conservative Walton family was involved with the Solyndra loan?


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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by pbrauer View Post
    Did you know the very, very, very conservative Walton family was involved with the Solyndra loan?
    When was the loan approved, Pb? What was the Walton family involvement and when? Becareful now

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Smokified View Post
    Show me some statistics that indicate that the war(s) cost more than the constant upkeep of entitlement programs.
    I never said they cost more, I said they were more wasteful.
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by washunut View Post
    How about guilty of stupidity. We loaned a half billion to a company who built a product that cost $5 and sold for $3.25. The we will find out if they the way loan was structured with the government taking the loss before investors is in fact in contradiction to the law.
    That doesn't even come close to how stupid it was to invade Iraq, nor close to how much it cost us, either in terms of taxpayer dollars or loss of life.
    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
    That doesn't even come close to how stupid it was to invade Iraq, nor close to how much it cost us, either in terms of taxpayer dollars or loss of life.
    What does Iraq have to do with the current economic conditions, 25 million plus unemployed and under employed, and the 4 trillion Obama has added to the debt?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    You just never stop spinning do you? Your article is not comparing the percentage of total taxes paid of the total income earned by the super rich and comparing that with the percentage of total taxes paid of the total income earned by the middle class.
    Last edited by Catawba; 09-20-11 at 10:52 PM.
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    Re: White House Tax Plan Would Ask More of Millionaires

    another lie is the impact of an effective rate

    lets assume that the average middle class person has a marginal rate of 18% and the billionaire has an effective rate of near 18% as Buffett claims

    guess what a marginal rate of 18% translates to in terms of an effective rate on say 60K

    FAR FAR LESS THAN an effective rate of 18%



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