Page 45 of 205 FirstFirst ... 3543444546475595145 ... LastLast
Results 441 to 450 of 2044

Thread: White House Tax Plan Would Ask More of Millionaires

  1. #441
    Liberal Fascist For Life!


    Redress's Avatar
    Join Date
    Mar 2008
    Location
    Georgia
    Last Seen
    Today @ 12:10 AM
    Lean
    Very Liberal
    Posts
    93,328
    Blog Entries
    2

    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    the tax bracket for someone making 50K a year is 25%

    the tax bracket for someone who makes 50 million is 35% but if ALL of their money is capital gains its 15%

    but they pay an effective rate of 15% because that starts very early in their total income

    the effective rate on someone making 50K a year (and that assumes no deductions whatsover) is far less than 25%

    that is why buffett is dishonest. He is talking about the next marginal dollar rather on non like income because someone making 50K a year in Long Term capital gains is paying a far lower rate and a lower marginal rate
    Why are you claiming Buffett said something he did not. Hint: Buffett was talking, specifically, about effective tax rates, which for people in his office, he claimed was between 33 and 41 %, averaging 36 %.
    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.

  2. #442
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 12:34 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,690

    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Redress View Post
    Why are you claiming Buffett said something he did not. Hint: Buffett was talking, specifically, about effective tax rates, which for people in his office, he claimed was between 33 and 41 %, averaging 36 %.
    uh that is impossible to have effective income tax rates for someone making 60K a year given the marginal rate for such a person is only 25%

    since the top marginal rate is 35% he is lying unless he is counting stuff that has no relevance to a federal system-ie the various taxes from the states. and tell me how is the IRS going to have time to police incorporating everyone's individual sales taxes, property taxes gasoline taxes

    this is the crap we get when libs spew nonsense about fairness based on a real motivation of pandering and class warfare



  3. #443
    Educator
    Join Date
    Aug 2007
    Last Seen
    11-15-15 @ 11:02 PM
    Gender
    Lean
    Liberal
    Posts
    802

    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    uh that is impossible to have effective income tax rates for someone making 60K a year given the marginal rate for such a person is only 25%

    since the top marginal rate is 35% he is lying unless he is counting stuff that has no relevance to a federal system-ie the various taxes from the states. and tell me how is the IRS going to have time to police incorporating everyone's individual sales taxes, property taxes gasoline taxes

    this is the crap we get when libs spew nonsense about fairness based on a real motivation of pandering and class warfare
    Obviously Warren Buffet's concept of tax is not "federal income tax" alone. I'll bet he's even clever enough to figure out that an employee pays both the employee and employer portion of FICA. I don't know if he counted sales tax and state taxes or not. However, counting only federal income taxes (including FICA) he will pay a lower tax rate than his secretary. That's something that is within the federal government's power.
    Last edited by vvx; 09-20-11 at 11:20 PM.

  4. #444
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 12:34 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,690

    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by vvx View Post
    Obviously Warren Buffet's concept of tax is not "federal income tax" alone. I'll bet he's even clever enough to figure out that an employee pays both the employee and employer portion of FICA.
    again note the impossibility of his dream of pandering.



  5. #445
    Liberal Fascist For Life!


    Redress's Avatar
    Join Date
    Mar 2008
    Location
    Georgia
    Last Seen
    Today @ 12:10 AM
    Lean
    Very Liberal
    Posts
    93,328
    Blog Entries
    2

    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    uh that is impossible to have effective income tax rates for someone making 60K a year given the marginal rate for such a person is only 25%

    since the top marginal rate is 35% he is lying unless he is counting stuff that has no relevance to a federal system-ie the various taxes from the states. and tell me how is the IRS going to have time to police incorporating everyone's individual sales taxes, property taxes gasoline taxes

    this is the crap we get when libs spew nonsense about fairness based on a real motivation of pandering and class warfare
    He did not say 60k. Here, before you discuss this more, why don't you read what he said: http://www.nytimes.com/2011/08/15/op...rich.html?_r=1

    This will save you alot of grief and give you a clue as to what you are arguing against.
    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.

  6. #446
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 12:10 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    uh that is impossible to have effective income tax rates for someone making 60K a year given the marginal rate for such a person is only 25%

    since the top marginal rate is 35% he is lying unless he is counting stuff that has no relevance to a federal system-ie the various taxes from the states. and tell me how is the IRS going to have time to police incorporating everyone's individual sales taxes, property taxes gasoline taxes

    this is the crap we get when libs spew nonsense about fairness based on a real motivation of pandering and class warfare
    Obama has created this as an emotional campaign issue and it is based upon distortions and lies. What he is talking about are the very few that are making big bucks all on investments thus paying 15%. the amount of money that will be collected by the Treasury from those individuals at a higher tax rate is a drop in the bucket but Obama isn't selling it this way at all insinuating that it is a much bigger number and that all Millionaires are in that classification.

    Why anyone believes this ass is beyond me.

  7. #447
    Banned
    Join Date
    Jun 2011
    Location
    The greatest city on Earth
    Last Seen
    08-04-12 @ 04:27 PM
    Gender
    Lean
    Moderate
    Posts
    31,089

    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    ..this is the crap we get when libs spew nonsense about fairness based on a real motivation of pandering and class warfare
    and yet, you seem to pay no mind when the Cons pander to the whiny wealthy, as they look with dire dread at the possibility of having their FIT rate increased by 3%.


  8. #448
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 12:34 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,690

    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Redress View Post
    He did not say 60k. Here, before you discuss this more, why don't you read what he said: http://www.nytimes.com/2011/08/15/op...rich.html?_r=1

    This will save you alot of grief and give you a clue as to what you are arguing against.
    Uh he said his secretary which was reported as earning 60K in several news reports I read and basing income tax rates on what people pay in other taxes is moronic



  9. #449
    Liberal Fascist For Life!


    Redress's Avatar
    Join Date
    Mar 2008
    Location
    Georgia
    Last Seen
    Today @ 12:10 AM
    Lean
    Very Liberal
    Posts
    93,328
    Blog Entries
    2

    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Obama has created this as an emotional campaign issue and it is based upon distortions and lies. What he is talking about are the very few that are making big bucks all on investments thus paying 15%. the amount of money that will be collected by the Treasury from those individuals at a higher tax rate is a drop in the bucket but Obama isn't selling it this way at all insinuating that it is a much bigger number and that all Millionaires are in that classification.

    Why anyone believes this ass is beyond me.
    Actually that is exactly how Obama is selling it. Those who are making top dollar but paying a lower effective rate than the middle class. Your spin on his words is not surprisingly totally inaccurate.
    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.

  10. #450
    Liberal Fascist For Life!


    Redress's Avatar
    Join Date
    Mar 2008
    Location
    Georgia
    Last Seen
    Today @ 12:10 AM
    Lean
    Very Liberal
    Posts
    93,328
    Blog Entries
    2

    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    Uh he said his secretary which was reported as earning 60K in several news reports I read and basing income tax rates on what people pay in other taxes is moronic
    Then you can quote and link them for me no problem. Thank you in advance.
    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.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •