View Poll Results: Do The Rich Pay Too Much Income Taxes

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  • Yes

    38 33.93%
  • No

    72 64.29%
  • I don't know

    2 1.79%
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Thread: Do The Rich Pay Too Much Federal Income Taxes

  1. #521
    warrior of the wetlands
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by vasuderatorrent View Post
    The Social Security Tax is part of the Federal income tax.

    The Federal income tax is made up of five parts
    Part 1: Social Security Employer portion
    Part 2: Social Security Employee portion
    Part 3: Medicare Employer portion
    Part 4: Medicare Employee portion
    Part 5: Federal Income tax

    One check is written for all five of these and sent to the exact same place.


    Some people understand this. Some people do not.
    when the SS "tax" was passed by congress what was it called and what was it billed as.

    was it intended to be "progressive"

    Guess what, I don't pay SS "tax or "Medicare tax" these days. I pay lots of income taxes



  2. #522
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by mbig View Post
    Why is that "Advertsing Copy"?
    WTF/DUH.
    KPMG are business consultants and accountants.
    Their clients are rich and richER.

    CNBC Is PRO-Business all day, every day.
    ALL of us who invest for a living watch it all day.
    It's the ESPN-of-Wall-St/Investors.
    It's on in most Trading rooms in the country.

    Another Inane/OBTUSE piece of Clownery from Duh-Jack-in-the-box.
    Nonconversant and wrong on everything.
    Yeah, worse than a stopped clock, which is correct twice a day.


  3. #523
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by pbrauer View Post
    That's false Turtle, I don't care how rich someone is, I Just want them to pay taxes.
    If the shoe fits. the rich already pay too much taxes

    the rich pay more than they use

    the top 5% pay more FIT than the rest of the country combined


    where do you get the idea the rich don't pay taxes?

    and I suspect (no one has challenged it yet) that the voters who say no-combined, pay less federal income taxes than anyone whom you call rich.



  4. #524
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by TurtleDude View Post
    when the SS "tax" was passed by congress what was it called
    It was called a trust fund. The Supreme Court later disagreed.

    Quote Originally Posted by TurtleDude
    and what was it billed as.
    I honestly can't say. I never did payroll in 1935. That was 44 years before I was born.

    I wrote checks for payroll in 2007, 2008 and 2009. It was just as I described it. I didn't write a separate check to the Social Security Trust Fund. You will have to find somebody older than me to answer your second question.

  5. #525
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by vasuderatorrent View Post
    It was called a trust fund.



    I honestly can't say. I never did payroll in 1935. That was 44 years before I was born.

    I wrote checks for payroll in 2007, 2008 and 2009. It was just as I described it. I didn't write a separate check to the Social Security Trust Fund. You will have to find somebody older than me to answer your second question.
    Fair enough

    I will let you in on something

    I almost never ask questions like this that I don't already know the answer to



  6. #526
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by TurtleDude View Post
    Fair enough

    I will let you in on something

    I almost never ask questions like this that I don't already know the answer to
    Did they write checks to a different government agency in 1935 for the Social Security withholdings?

    I once had a conversation with an older gentleman that said that your Social Security Number was a bank account. The government kept records of how much money was in your account. It sounded like it used to be a lot like an IRA or 401(k).

    Social Security is not a trust fund and anybody who believes that is living in the past and believing a lie told by a desperate politician from a brutal era who has been dead for almost 70 years.

    He had to tell lies to calm everybody down and he was damn good at it.

  7. #527
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by vasuderatorrent View Post
    Did they write checks to a different government agency in 1935 for the Social Security withholdings?

    I once had a conversation with an older gentleman that said that your Social Security Number was a bank account. The government kept records of how much money was in your account. It sounded like it used to be a lot like an IRA or 401(k).

    Social Security is not a trust fund and anybody who believes that is living in the past and believing a lie told by a desperate politician from a brutal era who has been dead for almost 70 years.

    He had to tell lies to calm everybody down and he was damn good at it.
    social security is a ponzi scheme and the promises that were made to get that crap passed not only broken years ago but no one even says them with a straight face

    I don't recall people themselves writing checks-rather its the employer. I have never written a check to the SS-its always been deducted from my paycheck



  8. #528
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by Glen Contrarian View Post
    Really? O5, you're forgetting something - I used to be a (moderately) racist and strong conservative. I grew up and lived in what is today the base of the Republican party. I'm sorry, but no one here knows both sides of the story like I do. Please do not take offense, but you telling me that the liberals are the ones who are dividing this nation along racial lines only evinces your ignorance of the matter. You really do not have a deep understanding of the matter.

    I'm not surprised you didn't take me up on that challenge - I've made the same challenge to conservatives quite a few times before. Only one has ever taken me up on the challenge...and he of course lost - not that he admitted his loss, of course, but he lost nonetheless. But you're intelligent enough to know that when I say I can show so many more examples of race-baiting and racism by the right than you can of the left, I'm making no idle boast.

    And no, the word "illegal" need not be included in front of "immigrants". Get to know someone who came here as a nonwhite immigrant sometime and ask them if they experience racism even though they've been American citizens for many years. Got an example for you - a couple months ago, a state inspector came to our Adult Family Home to investigate a matter. She looked at my sister-in-law and asked, "Does she have her green card?" It never occurred to her that my sister-in-law might be a citizen...and she has been for over twenty years. Would that state inspector have made the same assumption if my sister-in-law had been white? I think you know the answer to that one.
    LOL.

    Nothing but platitudes and liberal/progressive memes.

    Thank you for you opinions. They met my expectations precisely.


  9. #529
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by ocean515 View Post
    LOL.

    Nothing but platitudes and liberal/progressive memes.

    Thank you for you opinions. They met my expectations precisely.

    Ah. He complains about how liberals point out endemic racism...and then when I remind him in so many words that he hasn't walked a mile in the other side's moccasins, he dismisses it as 'platitudes' and 'memes'.

    I really expected better of you.
    To do evil, a human being must first of all believe that what hes doing is good" - Solzhenitsyn

    "...with the terrorists, you have to take out their families." - Donald Trump

  10. #530
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by TurtleDude View Post
    I don't recall people themselves writing checks
    You will avoid a discussion at all cost. Geez!

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