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Thread: Census shows 1 in 2 people are poor or low-income

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by haymarket View Post
    So what? John Adams can say anything he wants. So what?
    So in my opinion, you and your ilk are exactly what he was warning us about.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Centinel View Post
    So in my opinion, you and your ilk are exactly what he was warning us about.
    I do not ever remember meeting Mr. Adams.
    __________________________________________________ _
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by haymarket View Post
    You are confusing apples and cinder blocks. I have always advocated taxing ALL FORMS OF INCOME at the same rates where ever they may fall on the schedules and charts. That is not at all discriminatory since ALL forms of income would be taxed at the same rate depending on where they fall on the schedule.

    Capital gains taxed do the complete opposite. A person who earns a salary of $800,000.00 will pay 35%. A person who reaps capital gains of the same amount of $800,000.00 will pay only 15%. They both are on the same schedule according to the same income level but the discriminatory preference for one type of income over another causes one to pay over twice as much taxes as the other.
    And you are confusing apples and pickaxes.

    If it doesn't matter where you get your income from, then there would be a single tax rate, regardless of income made, regardless of how much is made.

    You can't think that different schedules with different rates based on source of income is discriminatory and NOT think that a schedule isn't discriminatory. Its almost as though you feel that people making different incomes is discriminatory itself.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Samhain View Post
    And you are confusing apples and pickaxes.

    If it doesn't matter where you get your income from, then there would be a single tax rate, regardless of income made, regardless of how much is made.

    You can't think that different schedules with different rates based on source of income is discriminatory and NOT think that a schedule isn't discriminatory. Its almost as though you feel that people making different incomes is discriminatory itself.
    You are confused.

    Sources of income are one thing.
    Levels of income are a different thing.

    This is this, this isn't something else, this is this.
    Robert DeNiro in THE DEERHUNTER

    If anything I am recognizing the differences between your apples and pickaxes. Thanks for noticing.
    Last edited by haymarket; 12-29-11 at 09:53 AM.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by TurtleDude View Post
    I couldn't care less.
    Easy to see why you are unaware the capital gains tax rate under Reagan was 33%. Over twice the rate it has been for the last decade.

    Does that make Reagan a socialist?
    Last edited by Catawba; 12-29-11 at 11:31 AM.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Centinel View Post
    Once the people are convinced that they can benefit at the expense of others, the end of the republic can't be far behind. Appeals to the mob and class warfare are always a sign of the transition from republic to empire.
    Yes, you've hit the nail on the head. It's perfectly obvious that the wealthy and their lobbyists have purchased unequaled access and influence in order to rewrite the tax code as they see fit. How else could you explain the fact that billionaire hedge fund managers pay at a lower rate than mechanics who maintain their yachts?

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by AdamT View Post
    Yes, you've hit the nail on the head. It's perfectly obvious that the wealthy and their lobbyists have purchased unequaled access and influence in order to rewrite the tax code as they see fit. How else could you explain the fact that billionaire hedge fund managers pay at a lower rate than mechanics who maintain their yachts?
    I was under the impression that the rates for both earned income and for capital gains were progressive. Is this not the case?

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Centinel View Post
    I was under the impression that the rates for both earned income and for capital gains were progressive. Is this not the case?
    It's the case that the top rate for LTCG is 15%.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by AdamT View Post
    It's the case that the top rate for LTCG is 15%.
    Well.....technically...it's 15% but if your tax rate is less than 15% you pay 0% LTCG.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by AdamT View Post
    It's the case that the top rate for LTCG is 15%.
    And that rate is lower than what a mechanic would pay on his LTCG?

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