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Thread: The Millionaires Who Pay the Highest Tax Rate

  1. #91
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    Re: The Millionaires Who Pay the Highest Tax Rate

    I'll just drop this right here:


    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by specklebang View Post
    It is regressive. I make $10K and pay $1K leaving me with $9K. You make $1M and pay $100K leaving you with $900K. We both need a car. I can't buy one with a year of income, you can buy 20 of them (but you won't).

    Nobody advocates total equality. But yes, higher incomes can and should pay a higher percentage. The taxes we have now and are under discussion are not unreasonable.
    Flat tax is not regressive by definition. Look it up.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by specklebang View Post
    It is regressive. I make $10K and pay $1K leaving me with $9K. You make $1M and pay $100K leaving you with $900K. We both need a car. I can't buy one with a year of income, you can buy 20 of them (but you won't).

    Nobody advocates total equality. But yes, higher incomes can and should pay a higher percentage. The taxes we have now and are under discussion are not unreasonable.
    So we are not equal?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by j-mac View Post
    Why should capital gains be taxed at all? Hasn't the money being invested already been taxed at the normal rates?

    Who owns my labor?
    Because tax is imposed whenever value changes hands. If we are in agreement that a Corporation is a separate entity, why shouldn't distributions from the corporation be taxed separately on the recipient?

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by Henrin View Post
    Considering the money invested came from work there doesn't appear to be any sort of problem.
    Not true. Money comes from many sources. For the wealthy, money comes less from work and more from time. They can afford to be without certain quantities of money for time, and that time pays them.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by j-mac View Post
    Why should capital gains be taxed at all? Hasn't the money being invested already been taxed at the normal rates?

    Who owns my labor?
    The government owns your labor, because the government owns YOU, bub.


    Doubt me? Then exibit signs of maybe wanting to commit suicide, or publicly harm yourself, etc. See what happens to ya.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by j-mac View Post
    So we are not equal?
    In our tax system, equality is not meaures as a static percentage on income. It's measured by financial hardship imposed. The argument for a progressive tax is that the wealthy suffer less financial hardship from higher rates than the poor do. Remember, dollars and cents are a medium through which we measure value, and value affords a certain standard of living. When you start looking at income and taxes from the point of view of how it affects a person's life rather than a static number of dollars, then you will better understand the tax code.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    ALL money has already been taxed. Millions of times. Where does money come from?

    How does Warren Buffet get paid? By capital gains, almost exclusively. Which is why he pays such a low tax rate, by percentage. Where do those capital gains come from? Investments. What money was used to make those investments? It came from somewhere. And further, when those investments that were made increase in value, thus CREATING said capital gains, what CAUSED them to increase in value? The success of the investment. Success that, in general, depends on the intake of money.

    Every dollar in circulation has been taxed, else, it would not be in circulation. I pay an income tax on my paycheck, but get this? That paycheck has already been taxed before I ever even got my hands on it. The company I work for got that money through sales, which is taxed. And the people who spent it at my company got their money through income, which has been taxed. So this claim of "already taxed" is just garbage. It has been taxed no more, or no less, than my paycheck I get and pay taxes on.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Not in my point of view. Perspective is perception is reality.

    Quote Originally Posted by j-mac View Post
    So we are not equal?

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by JRog View Post
    Because tax is imposed whenever value changes hands. If we are in agreement that a Corporation is a separate entity, why shouldn't distributions from the corporation be taxed separately on the recipient?
    Not true. Tax is imposed whenever the law says it is. For example, if you dont have health insurance, you pay a tax.

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