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Thread: Thought regarding a tax system

  1. #41
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    Re: Thought regarding a tax system

    Quote Originally Posted by Zyphlin View Post
    I have. What in the world does that have to do with anything in the quoted paragraph?

    Did Bush Tax Cuts set a baseline that is the only tax rate that can be altered and automatically affects the tax rate of every other bracket? Did the Bush Tax Cuts make it so that the income each bracket represented couldn't be changed? Did the Bush Tax Cuts assure that even those making the lowest of incomes are still going to be taxed at least 1% if they have no kids?





    Emphasis on the part I'm referring to. You specifically state that the the rich don't pay "more than their share" which indicates yo useem to think there's a specific "share" they should have. Or, if you're trying to say the liberals view of a share, how exactly do you know that this plan wouldn't match up to their expectations?
    I never made that claim.
    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: Thought regarding a tax system

    Quote Originally Posted by apdst View Post
    I never made that claim.
    Talking about my plan you stated:

    Quote Originally Posted by apdst View Post
    Third, there's no way that Liberals will ever accept a tax code where the poor pay their share and the rich don't pay more than their share.
    Suggesting clearly that in this planned tax code you are saying the "rich don't pay more than their share".

    You keep saying you didn't make the claim. I'm just reposting your words. Its right there, you can deny it all you want its there on the screen.

    At best you can say you think LIBERALS will believe the plan is one where the rich don't pay more than their share...in which case, you base that on what? A number of liberals on the thread seem to like the plan in theory.

  3. #43
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    Re: Thought regarding a tax system

    Quote Originally Posted by Platypus View Post
    Abolish the sales tax. Abolish the income tax for those making less than $500,000 a year. A flat tax for everyone above. That sounds perfect to me.
    Sounds like a solution for the stereotypical person who wants to contribute nothing while living off other's contributions.

  4. #44
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    Re: Thought regarding a tax system

    Quote Originally Posted by liblady View Post
    we make over a hundred, and we are most certainly NOT upper middle class. i drive a 2004 malibu, my husband has a scooter, and we live on our boat at a marina.
    Why?

    What do you spend your money on? Is your boat that expensive?

    Quote Originally Posted by A.Pearce View Post
    My family earns that much and we are upper middle class... though I suppose they are paying for 2 kids in college right now... But we never had a big house or fancy cars, we mostly just went on vacations. By "upper middle class" I mean that that is the amount many professional people make, though. I suppose it could be anywhere from 100-300k or so, depending on living costs, etc etc.
    My family in Norway earns around 300K USD. Which is equivalent to earning 180K in the US when you adjust for costs. They got a house worth 2 million USD and are certainly rich. They have no idea of what to spend the money on apart from vacations, and are saving up most of it.

    I consider any family earning more than 150K to be rich. When I can be careless and live on 7K, (or 12K when you disregard rent income) and the average household income is 50K. In fact a friend of mine lives on about 1200 USD per year if you exclude rent, but he lives pretty cheap.

    You really are rich if you earn more than 150K USD. I can't even imagine what to spend the money on. A nice house costs about 500K -1000K USD. Then a nice car costs 30K. Seriously, with 150K you can hire your own private servant.
    Last edited by Camlon; 10-18-11 at 01:57 PM.

  5. #45
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    Re: Thought regarding a tax system

    Quote Originally Posted by Camlon View Post
    Why?

    What do you spend your money on? Is your boat that expensive?


    My family in Norway earns around 300K USD. Which is equivalent to earning 180K in the US when you adjust for costs. They got a house worth 2 million USD and are certainly rich. They have no idea of what to spend the money on apart from vacations, and are saving up most of it.

    I consider any family earning more than 150K to be rich. When I can live on 7K, (or 12K when you disregard rent income) and the average household income is 50K. In fact a friend of mine lives on about 1200 USD per year if you exclude rent, but he lives pretty cheap.

    You really are rich if you earn more than 150K USD. I can't even imagine what to spend the money on. A nice house costs about 500K -1000K USD. Then a nice car costs 30K. Seriously, with 150K you can hire your own private servant.
    we own the boat, but upkeep is a bitch. we save quite a bit, and are taking off to sail for good in the spring. we are early fifties and won't be working any longer. however, we will live very cheaply on my husband's pension as i don't qualify for ss for 15 years. right now, i would say we are solidly middle class.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Thought regarding a tax system

    Quote Originally Posted by liblady View Post
    we own the boat, but upkeep is a bitch. we save quite a bit, and are taking off to sail for good in the spring. we are early fifties and won't be working any longer. however, we will live very cheaply on my husband's pension as i don't qualify for ss for 15 years. right now, i would say we are solidly middle class.
    Fact is, your household income is in the top 15% in America. Middle class is 50K USD, not over 100K. You are not middle class. I have no idea how you are able to spend over 110K, but I'm not your tax accountant.

    Also, getting over 100K in pension is just crazy. Public Pension in New Zealand is 12000 USD per year. People have their own pension plans, but no one can save up enough to get 100K in pension when they are 50.

    One thing is certain, you are not middle class.

  7. #47
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    Re: Thought regarding a tax system

    Quote Originally Posted by Camlon View Post
    Fact is, your household income is in the top 15% in America. Middle class is 50K USD, not over 100K. You are not middle class. I have no idea how you are able to spend over 110K, but I'm not your tax accountant.

    Also, getting over 100K in pension is just crazy. Public Pension in New Zealand is 12000 USD per year. People have their own pension plans, but no one can save up enough to get 100K in pension when they are 50.

    One thing is certain, you are not middle class.
    who said we got 100k in pension? i didn't. i make the majority of money, my husbands pension is about half of what i make. he worked for gm. we also have healthcare. we're blessed. i am middle class...or maybe slightly above. i also mentioned that we saved quite a bit, but apparently you didn't bother to really read my post.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  8. #48
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    Re: Thought regarding a tax system

    Quote Originally Posted by liblady View Post
    we own the boat, but upkeep is a bitch. we save quite a bit, and are taking off to sail for good in the spring. we are early fifties and won't be working any longer. however, we will live very cheaply on my husband's pension as i don't qualify for ss for 15 years. right now, i would say we are solidly middle class.
    Boat (yes, they are expensive, I'll grant that), no *need* to work, early 50s, sailing at leisure. You may have to be somewhat frugal to accomplish it, but you are solidly above middle class.

  9. #49
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    Re: Thought regarding a tax system

    Quote Originally Posted by liblady View Post
    who said we got 100k in pension? i didn't. i make the majority of money, my husbands pension is about half of what i make. he worked for gm. we also have healthcare. we're blessed. i am middle class...or maybe slightly above. i also mentioned that we saved quite a bit, but apparently you didn't bother to really read my post.
    OK, that makes more sense. I read your post, but it is confusing.

    I just stated that living on over 100K is upper middle class, since you can afford living on one income. Middle class people can't afford only having one income. I understand that you are saving money and need to live more frugal, but you can't really say you are not upper middle class, because you chose to retire when you are 50. Middle class people can't afford to retire early.

    Anyway, enjoy your boatriding. I'm a little bit jealous.
    Last edited by Camlon; 10-18-11 at 02:38 PM.

  10. #50
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    Re: Thought regarding a tax system

    There's a thread actually specifically designed for discussing what is or isn't Middle Class...perhaps the "you're not middle class / yes I am" conversation would be more apt for there?

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