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Thread: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

  1. #101
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Catawba View Post
    A 5% increase on Capital gains and a millionaire's surtax would go a long ways in that direction from where we are today, or any of the GOP tax plans.
    if you are not paying such things you have no proper standing to demand that others do

    all such tax hikes would do is to encourage your dem masters to spend more to buy votes and send a message to the masses that it is the duty of the rich and the rich alone to pay down the deficit



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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by apdst View Post
    You still believe that Al Gore created the internet?
    Of course Al Gore did not invent the Internet. Hopefully, however, you are sufficiently educated to understand Al Gore's role in the commercialization of the Internet.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Catawba View Post
    A 5% increase on Capital gains and a millionaire's surtax would go a long ways in that direction from where we are today, or any of the GOP tax plans.
    How much is "a long way"?

    Do you have any idea how much money this would bring into DC and how it might effect the annual budget deficit (when they get a budget)?

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by TurtleDude View Post
    if you are not paying such things you have no proper standing to demand that others do
    As an American voter, I have the necessary standing to demand that the rich not be allowed to pay a lower tax rate on their income than the middle class.
    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: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Grant View Post
    How much is "a long way"?

    Do you have any idea how much money this would bring into DC and how it might effect the annual budget deficit (when they get a budget)?
    A lot more than we are currently not receiving due to the tax breaks. How would more revenue effect the budget? It would provide more money to pay the bills equalling less deficit spending, (See the 90's, before the most recent tax breaks for the rich)
    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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    Quote Originally Posted by Catawba View Post
    As an American voter, I have the necessary standing to demand that the rich not be allowed to pay a lower tax rate on their income than the middle class.
    As an American voter, you have the right to vote on the subject indirectly, same as they do.

    Sent from my Transformer TF101 using Tapatalk
    Omniscience just sucks without omnipotence!

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Keridan View Post
    As an American voter, you have the right to vote on the subject indirectly, same as they do.

    Sent from my Transformer TF101 using Tapatalk
    According to the Turtledude, only the rich should be allowed to vote, because the middle class (unlike the rich) vote selfishly for their own interest.
    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

  8. #108
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Catawba View Post
    As an American voter, I have the necessary standing to demand that the rich not be allowed to pay a lower tax rate on their income than the middle class.
    Please define "middle class" as this has very different meanings in different parts of the country. Then please tell us what the "effective" versus the marginal rate is for an average person in this middle class.

    I have no problem with the thought that there may need to be an additional bracket for the "super rich" but we should be intellectually honest in the debate. A hotshot trader on wall street who makes millions is probably paying very close to the top marginal rate, especially if he/she rents in NYC as many do. Not to mention that the top rate for a NY state resident is somewhere around 10% and there is a city income tax as well.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Objective Voice View Post
    I guess I should demand my money back from both the State of Alabama and the federal government since I've been a state employee for 10 years and was on active duty in the Navy for 16 years prior and in both cases have filed my state AND federal income taxes every year for the last 26 years!

    You, sir, have no idea what you're talking about here.


    I know exactly what I'm talking about and it's common sense. Taxes that are paid by government employees do not create a net profit for the government. It's just common sense.

    Selling government financial instruments like bonds won't make up the difference in lost revenue from lower employment numbers or the tax subsidies the Treasury pays out. Bonds are just one way the government makes money but bonds alone will never generate the kind of money the federal government needs to pay the salaries of its employees include members of Congress and the President or provide the services it does to the public. I'm sure your response to this will be "limit/reduce the size of government" but firing people or closing federal offices alone WILL NOT solve our nation's debt and deficit problems.
    Ok. I never said any of that, anyway, so I don't know what your point is.
    Last edited by apdst; 10-31-11 at 02:45 AM.
    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: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by winston53660 View Post
    Well GDP is in positive territory and proposals coming out of the White House are funded unlike the previous occupants of the White House who had a penchant for unfunded proposals. Like the lame 2003 678 billion dollar jobs proposal.
    If a private company makes a 2% profit, it isn't considered profitable. Do you understand that?
    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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