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Thread: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    The reason these taxes aren't paid is because of loopholes. Eliminate the loopholes, and you can lower the actual rates. I would favor a flat tax rate if it meant that the loopholes were eliminated. Pay a certain percent of your income -- the same percentage as everyone else, but that's on all income including capital gains (you made the money, you pay the taxes).

    There is no way that you can justify a person making millions in income paying less taxes than I do (as far as actual dollar figures). The actual dollar amount they pay should be higher than the dollar amount I pay, because their income is larger than mine.


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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by rocket88 View Post
    The reason these taxes aren't paid is because of loopholes. Eliminate the loopholes, and you can lower the actual rates. I would favor a flat tax rate if it meant that the loopholes were eliminated. Pay a certain percent of your income -- the same percentage as everyone else, but that's on all income including capital gains (you made the money, you pay the taxes).

    There is no way that you can justify a person making millions in income paying less taxes than I do (as far as actual dollar figures). The actual dollar amount they pay should be higher than the dollar amount I pay, because their income is larger than mine.
    That would be so with a flat-tax system. . . the reality is that their taxes are incrementally higher than yours per sector of money they earn . . . moot point in restating that - I just agree with you.
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    I can't believe so many people paid no income taxes in 2009. It's as though people lost money that year or something.

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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by winston53660 View Post
    Okay what are my "real" reasons?
    based on your thousands of posts whining about the rich-you are upset that some people are rich and have more than you think they need and others-have less than you think they need



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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by rocket88 View Post
    The reason these taxes aren't paid is because of loopholes. Eliminate the loopholes, and you can lower the actual rates. I would favor a flat tax rate if it meant that the loopholes were eliminated. Pay a certain percent of your income -- the same percentage as everyone else, but that's on all income including capital gains (you made the money, you pay the taxes).

    There is no way that you can justify a person making millions in income paying less taxes than I do (as far as actual dollar figures). The actual dollar amount they pay should be higher than the dollar amount I pay, because their income is larger than mine.

    how many people actually making millions of dollars in the USA are paying less actual income tax dollars than you do

    but if you make 400K on a salary and they make 450K on dividends they will pay less because investment income is often taxed less. Of course with dividends, in reality they often pay twice



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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by TurtleDude View Post
    based on your thousands of posts whining about the rich-you are upset that some people are rich and have more than you think they need and others-have less than you think they need

    Okelly dookey Dr Phill

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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by winston53660 View Post
    Okelly dookey Dr Phill
    I'd bet a million dollars if we doped you up with scopolamine you'd say exactly what I note you would.



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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by TurtleDude View Post
    I'd bet a million dollars if we doped you up with scopolamine you'd say exactly what I note you would.

    Sorry your Monopoly money is no good.

    BTW when I'm put into a drug induced twilight state I'm usually a joker and talk about fine art. Like when my pace maker / defibrillator was installed.

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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by rocket88 View Post
    The reason these taxes aren't paid is because of loopholes. Eliminate the loopholes, and you can lower the actual rates. I would favor a flat tax rate if it meant that the loopholes were eliminated. Pay a certain percent of your income -- the same percentage as everyone else, but that's on all income including capital gains (you made the money, you pay the taxes).

    There is no way that you can justify a person making millions in income paying less taxes than I do (as far as actual dollar figures). The actual dollar amount they pay should be higher than the dollar amount I pay, because their income is larger than mine.
    Just want to check something. If you increase capital gains you lower the value of equities as people and corporations invest based on an after tax return. So your increase in capital gains let's say to 30%. That would lower the value of return 15%, let's just say that translates into only a 10% lower value of the stock markets or something like $1 trillion. Yes you would hurt rich, retired living on their saved income, pension plans of state and local workers.

    Congratulations on destroying or at least hurting millions of vulnerable Americans.

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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by washunut View Post
    Just want to check something. If you increase capital gains you lower the value of equities as people and corporations invest based on an after tax return. So your increase in capital gains let's say to 30%. That would lower the value of return 15%, let's just say that translates into only a 10% lower value of the stock markets or something like $1 trillion. Yes you would hurt rich, retired living on their saved income, pension plans of state and local workers.

    Congratulations on destroying or at least hurting millions of vulnerable Americans.
    well you have to realize that many worship the guy who claimed that jacking up said taxes "was fair" even if it led to less taxes.

    people who don't have the thrift or wherewithall to invest tend to get upset that others do



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