Page 3 of 109 FirstFirst 123451353103 ... LastLast
Results 21 to 30 of 1085

Thread: What purpose did the tax cut for the wealthiest serve?

  1. #21
    Guru

    Join Date
    Jun 2006
    Location
    Oaxaca, Mexico
    Last Seen
    12-14-17 @ 09:40 AM
    Gender
    Lean
    Conservative
    Posts
    3,579

    Re: What purpose did the tax cut for the wealthiest serve?

    Definition of loophole: a regulation that allows you to avoid paying some taxes.
    Definition of tax break: a regulation that allows me to avoid pay9ing some taxes.

    Of course, the tax cuts were for all Americans who paid income tax. Everyone except the socialists and those who pay no income tax know this. I remember an acquaintance of mine who has rarely ever paid income tax whining that the tax breaks didn't do anything for him. Bingo. Socialist.

  2. #22
    User
    Join Date
    Mar 2010
    Last Seen
    08-06-11 @ 01:00 AM
    Gender
    Lean
    Conservative
    Posts
    20

    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Иосиф Сталин View Post
    Sorry, I did this the wrong way.

    I'll be posting it right. Just give me a sec.
    You mean beside ending the dot-com bubble bust recession, generating nearly 7 years of strong GDP growth, and INCREASED revenues to the government? If so, my guess would be that the 10% of the folks paying 70% of federal income taxes and generating NEW WEALTH were able to invest more of their money.

    This argument is tired Mr. Lib; just as Obama argues that his socialist policies disproportionately assist minorities (blacks) because they are disproportionately poor, tax reductions disproportionately benefit higher income people because they pay disproportionately more income taxes.

  3. #23
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Colorado
    Last Seen
    12-08-17 @ 01:05 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    54,124

    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by apdst View Post
    Which loopholes are you referring to?

    I love it when I get to ask that question.
    You always get the same answer. So either your short term memory is shot or you're a hack (take your pick). The marginal tax rate does go down at sufficiently high income when one can start claiming their income as "bonus" and "capital gaines" to gain lower tax rates on income. Not to mention tax shelters and a whole list of things given to the very rich to help them pay less.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  4. #24
    Educator
    Join Date
    Jun 2005
    Location
    Sacramento California
    Last Seen
    08-06-11 @ 02:18 AM
    Gender
    Lean
    Undisclosed
    Posts
    706

    Re: What purpose did the tax cut for the wealthiest serve?

    It is a continuation of the redistribution of wealth from the working class to the elite rich.
    "We may have destroyed this country, but we got rich doing it!" --The GOP
    There is a special place in hell for those who care only about themselves.

  5. #25
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Yesterday @ 10:38 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,520

    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Ikari View Post
    You always get the same answer. So either your short term memory is shot or you're a hack (take your pick). The marginal tax rate does go down at sufficiently high income when one can start claiming their income as "bonus" and "capital gaines" to gain lower tax rates on income. Not to mention tax shelters and a whole list of things given to the very rich to help them pay less.
    You're right. I do get the same answer. The answer is always...the same fantasy crap you just posted.

  6. #26
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Yesterday @ 10:38 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,520

    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by naturalrights View Post
    Why would small businesses be a target .. that is counter-intuitive. Taxing them would only and do little for tax revenue. If any businesses were to be targeted it would make most sense for it to be the extremely large businesses/companies and corporations as there is more revenue to be acquired that way. I would suggest caution with taxing even the larger companies, as I can see how that would effect investors' decisions. However, it would effect their decisions much more on the smaller companies, so if companies had to be taxed, clearly it should be the larger less vulnerable ones. Somehow find it hard to believe that anyone with any knowledge of how the market works could not figure those concepts out .. therefore I am not sure how much merit your claim that all are taxed including companies and even small businesses.
    Because they're corporations, too and the Democrats are anti-business.

    The Democrats seem to be standing for the rights of the people, which generally means the majority of the people who are mostly employees and small business owners. This makes sense intuitively as they are standing up for the greater amount of people rather than those very few who own all of our countries wealth and need no more protection .. money is power and they have plenty of it. So again, I still don't understand why you think they would want to increase taxes on small businesses?
    That's why I have to laugh, everytime I hear a Libbos talk about how he supports the working class. It's impossible to support the working class, if you're anti-business. Where in the hell do you think the working class works?

  7. #27
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 02:05 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,766

    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by faminedynasty View Post
    It is a continuation of the redistribution of wealth from the working class to the elite rich.
    You mean commerce? Is that what you call "redistribution". We had Sir Paul in Cincinnati Thursday. He sold out 41,500 seats at 150 or so a seat. I guess he "redistributed 6 million or so to himself, his crew, his bad, his roadies, his transportation crew etc. Sir Paul apparently was guaranteed 2 million a show.

    what was "redistributed"? No one had to go Several of my friends did and they believed it was worth 150 dollars to hear Sir Paul sing for 3 hours. they got 150 dollars worth of entertainment and the entertainer and the 200 or so support people got money. The guys who sold refreshments at the stadium made some money to

    when it was over Paul was probably a million richer because he has the talent and the skill to give tons of value to tons of people. the 41,000 or so -from the reports-mostly believed they got their money's worth

    Now tell me why PM should give you some of the money he earned?



  8. #28
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 02:05 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,766

    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Ikari View Post
    You always get the same answer. So either your short term memory is shot or you're a hack (take your pick). The marginal tax rate does go down at sufficiently high income when one can start claiming their income as "bonus" and "capital gaines" to gain lower tax rates on income. Not to mention tax shelters and a whole list of things given to the very rich to help them pay less.
    I love the leftwingers. "the rich pay less" because a few thousand at the top pay a lower overall rate (due to the nature of their income-they pay the top rate on like income) than some highly compensated salaried executives. Yet the actual tax dollars those few thousand pay are astronomical. Yet people like you piss and moan that they don't "pay enough"



  9. #29
    Guru
    JohnWOlin's Avatar
    Join Date
    Jul 2010
    Location
    Kentucky
    Last Seen
    01-17-17 @ 08:15 PM
    Gender
    Lean
    Moderate
    Posts
    3,594

    Re: What purpose did the tax cut for the wealthiest serve?

    I will sum up my sentiments in a easy phrase: You got to pay the cost to be the boss.

    I don't understand why people are adamant in defending the rich and how they are supposedly some kind of victim. I have said several times there is a reason why rich should pay more; because many of them probably use more federal services in a year than a single mother of two will use in her entire life. Let me just give you a small list of federal government services that benefit the rich far more than the poor:

    -The military
    -National infrastructure
    -FBI
    -CIA
    -Department of Education
    -Federal Business loans with ZERO INTEREST AND OR THEY DON'T HAVE TO PAY IT BACK yet, the only government service I have ever used in my life, the Federal Stafford Unsubsidized loan I've just been paying on the interest the past year and a half.
    -Energy source advancements

    Off the top of my head those are the ones I can think of. Now, I know not all the rich use those services, but not all the poor use all their entitlements either. I do get back most of my taxes at the end of the year true, but I also am not using these services at nearly the degree the rich do. I of course do not receive any of my state or local taxes back, of which I use those services heavily being in well...my local area all the time.

    Here is another great way of putting it. While I was in college I worked as a clerk at BP. We gave the cops in the area free coffee and drinks all the time. Because of that, they patrolled our area quite often. The BP 3 miles down the road didn't. They got robbed twice in the 6 months I was working at this other BP. Just a thought I suppose....
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

  10. #30
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 02:05 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,766

    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by JohnWOlin View Post
    I will sum up my sentiments in a easy phrase: You got to pay the cost to be the boss.

    I don't understand why people are adamant in defending the rich and how they are supposedly some kind of victim. I have said several times there is a reason why rich should pay more; because many of them probably use more federal services in a year than a single mother of two will use in her entire life. Let me just give you a small list of federal government services that benefit the rich far more than the poor:

    -The military
    -National infrastructure
    -FBI
    -CIA
    -Department of Education
    -Federal Business loans with ZERO INTEREST AND OR THEY DON'T HAVE TO PAY IT BACK yet, the only government service I have ever used in my life, the Federal Stafford Unsubsidized loan I've just been paying on the interest the past year and a half.
    -Energy source advancements

    Off the top of my head those are the ones I can think of. Now, I know not all the rich use those services, but not all the poor use all their entitlements either. I do get back most of my taxes at the end of the year true, but I also am not using these services at nearly the degree the rich do. I of course do not receive any of my state or local taxes back, of which I use those services heavily being in well...my local area all the time.

    Here is another great way of putting it. While I was in college I worked as a clerk at BP. We gave the cops in the area free coffee and drinks all the time. Because of that, they patrolled our area quite often. The BP 3 miles down the road didn't. They got robbed twice in the 6 months I was working at this other BP. Just a thought I suppose....
    you are making stuff up.

    tell me who one millionaire who pays 300K a year uses more than 100 million who pay nothing in income taxes.



Page 3 of 109 FirstFirst 123451353103 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •