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Thread: Rich-Poor gap widening

  1. #361
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    Re: Rich-Poor gap widening

    Quote Originally Posted by cpwill View Post
    yup; and at the federal level i'm against it.



    yup; and at all levels i'm against it.



    agreed. and i'm generally against that too, but it depends more on the situation.
    why only at the federal level?
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    Re: Rich-Poor gap widening

    Quote Originally Posted by Boo Radley View Post
    How has government done this?
    When Reagan dropped the top income tax down from 70 to 39 percent (back in the thirties it was 92 percent), manufacturing prospered and the national debt tripled. Unfortunately, very little of the extra money trickled down to the workers, and more and more manufacturing has gone over seas.

    The windfall also paid for developing robots and other time saving devises that eliminated thousands of workers, and financed overseas manufacturing which put thousands more out on the street.

    ricksfolly

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    Re: Rich-Poor gap widening

    Quote Originally Posted by washunut View Post
    It saddens me to read posts like the above. That is because it shows the lack of financial education in America. People moving their businesses OUT of the U.S. is not because we make it cheap with tax advantages, it is to avoid taxes and regulations, so even in that your thinking seems convoluted.

    Taking rent as a business expense is not exclusive to the oil industry, it is a deductable expense in every business I know of.

    It would be great if people understood some of the basic workings of an income statement and a cash flow anlaysis in America. It would be harder for biased reporting to pull the wool over the public's eyes.
    So because our corporations are willing to sell out their country to utilize slave wages and avoid paying their fair share in this country, you feel it is the patriotic duty of the middle class to pay more taxes so that corporations might pay less?
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    Re: Rich-Poor gap widening

    Quote Originally Posted by apdst View Post
    Have you come with anything other than an oped to prove they pay a lower rate than someone in the middle class? Last time I checked, corporations don't qualify for the earned income credit.
    Yes. It was referenced in the article you didn't read. "According to the most recent study by the Congressional Budget Office, released in 2005, capital investments like oil field leases and drilling equipment are taxed at an effective rate of 9%, significantly lower than the overall rate of 25% for businesses in general and lower than virtually any other industry."

    "the oil and natural gas industry has spent $340 million on lobbyists since 2008, according to the nonpartisan Center for Responsive Politics, which monitors political spending."
    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: Rich-Poor gap widening

    Quote Originally Posted by Catawba View Post
    Yes. It was referenced in the article you didn't read. "According to the most recent study by the Congressional Budget Office, released in 2005, capital investments like oil field leases and drilling equipment are taxed at an effective rate of 9%, significantly lower than the overall rate of 25% for businesses in general and lower than virtually any other industry."

    "the oil and natural gas industry has spent $340 million on lobbyists since 2008, according to the nonpartisan Center for Responsive Politics, which monitors political spending."
    That's so vague, it doesn't make any sense. Think about it, "drilling equipment is taxed at 9%". What's that even mean?

    Be that as it may, those taxes still generated $6 billion in revenues to the government. How does that compare to the revenues that are brought in by green companies? Hmm?

    Post Script: notice the past tense.
    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: Rich-Poor gap widening

    Quote Originally Posted by apdst View Post
    That's so vague, it doesn't make any sense. Think about it, "drilling equipment is taxed at 9%". What's that even mean?
    Just what it said, Capital Investments. Drilling equipment and oil field leases were given as examples.

    Be that as it may, those taxes still generated $6 billion in revenues to the government. How does that compare to the revenues that are brought in by green companies? Hmm?
    Not as many billions as it would be if they were taxed at what the rest of us are, and more importantly not enough to pay our bills which mean that you and I and our future offspring pick up the tab.
    Last edited by Catawba; 03-06-11 at 03:20 PM.
    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: Rich-Poor gap widening

    Quote Originally Posted by Grant View Post
    So you belive that BHO and his Party are making the poor richer, is that right?
    They're modestly impeding the GOP from making the poor poorer.

  8. #368
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    Re: Rich-Poor gap widening

    Quote Originally Posted by Catawba View Post
    Just what it said, Capital Investments. Drilling equipment and oil field leases were given as examples.
    Capital investments are taxed?



    Not as many billions as it would be if they were taxed at what the rest of us are
    They're taxed more than the rest of us. Hate to break it to yuz.


    more importantly not enough to pay our bills which mean that you and I and our future offspring pick up the tab.
    Oh? So, what was your tax bill last last year?
    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: Rich-Poor gap widening

    Quote Originally Posted by SE102 View Post
    Oh, no I understood quite well. Do you need your binky? Maybe respond to the things I say instead of freaking out about how you don't get enough from the government? Maybe a nice bullet train? Public malls and subways made of marble? Well adjusted people of all classes you can get along with?




    LMFAO i cant contain myself.
    of course you cannot-

    . I don't get anything extra-so why should I subsidize you being able to pay less taxes? that the three biggest tax hike fanatics on this board thanked your post is pretty amusing.



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    Re: Rich-Poor gap widening

    Quote Originally Posted by Catawba View Post
    So because our corporations are willing to sell out their country to utilize slave wages and avoid paying their fair share in this country, you feel it is the patriotic duty of the middle class to pay more taxes so that corporations might pay less?
    Oh the luddite drama!!!



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