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Thread: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

  1. #101
    Educator Reg's Avatar
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by SheWolf View Post
    This a weak argument. Do you understand the purpose of the ECOA is to protect minorities from discrimination, and that has nothing to do with money or forcing anybody to sell a house to the poor or to somebody whom can't afford a house? The ECOA doesn't require anybody to sell a house to a minority either. It just makes it illegal to outright refuse to sell because of race, religion, gender, etc. You're basically blaming the housing crisis on black/Asian/Native America/Jewish/women, etc. Do you realize that?
    Before he was President, Obama was organizing protests to march on the lawns of bank executives who would not make loans because borrowers didn't pass muster with current credit requirements.

    He still is.

  2. #102
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Goldenboy219 View Post
    IMO, the problem is that the total effective tax rate for the top .001% is still 29.5% in 2007. Not very progressive is you ask me.
    that each one of them pay more federal taxes than millions of other americans combined and more income tax than at least 100 million people combined doesn't seem to register with many people



  3. #103
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Goldenboy219 View Post
    IMO, the problem is that the total effective tax rate for the top .001% is still 29.5% in 2007. Not very progressive is you ask me.
    The biggest tax problem is really between those in the top quintile, not between the top 1% and everyone else.
    It is still progressive, until you break down some of the effective tax rates in the top quintile.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  4. #104
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    I didn't bring race into it, you did.

    Entitlement crashed the housing market.

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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Higgins86 View Post
    went from being the new kid on the bloc to the big dog by selling bombs etc to the allies at a very high interest...End of the day history tells you one thing if the guy at the bottom is doing well then the guy at the top is doing even better. It is in the rich's interest to invest in america rather than avoiding income tax by paying foreign taxes or donating to charity.
    According to a recently released IRS report, almost 1,500 of America's 230,000 millionaires avoided paying any federal income tax in 2009.
    wow 1500 out of 230,000

    why is that

    and how about the fact that 51% of america-the people who have far more votes and elect many of those irresponsible spendthrift politicians pay ZERO income tax

    half the country doesn't bother you, 1500 out of 230,000 gets you upset

    Sorry, I have a dim view of your perspective



  6. #106
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by TurtleDude View Post
    that each one of them pay more federal taxes than millions of other americans combined and more income tax than at least 100 million people combined doesn't seem to register with many people

    because they still have millions left in the bank whilst a lot of people are paying taxes and can not even afford to buy a house...

  7. #107
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Reg View Post
    Before he was President, Obama was organizing protests to march on the laws of bank executives who would not make loans to because borrowers didn't pass muster with current credit requirements.
    Are you serious? Lenders (especially the likes of Countrywide) completely lowered their lending standards because they were legally capable of selling the loan to investors like Lehman, who would then package them with highly rated mortgages and create a sort of bond that 100 basis points or more over mortgage backed securities that consisted entirely of AAA prime mortgages. What did lenders like Countrywide do with their new capital? That's right.... Lend it to people who could not afford their mortgages.

    We refer to this as predatory lending.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  8. #108
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Income taxes are based on income, not money you already had.

  9. #109
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by TurtleDude View Post
    wow 1500 out of 230,000

    why is that

    and how about the fact that 51% of america-the people who have far more votes and elect many of those irresponsible spendthrift politicians pay ZERO income tax

    half the country doesn't bother you, 1500 out of 230,000 gets you upset

    Sorry, I have a dim view of your perspective
    Oh don't worry the feeling is very much mutual.

  10. #110
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Harry Guerrilla View Post
    The biggest tax problem is really between those in the top quintile, not between the top 1% and everyone else.
    It is still progressive, until you break down some of the effective tax rates in the top quintile.
    It seems rather ridiculus that an engineer MBA earning $400k per year pays the same effective tax rate (sometimes more!) than Lebron James.....
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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