The Millionaires Who Pay the Highest Tax Rate

RLN said:

Indeed. If they have off shore accounts, you may never know.

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Aw bull....If they do and get caught, then they deserve what they get, but my feeling is that very few do anything illegal as you try and falsely accuse here.

TurtleDude said:

one of the more idiotic claims from the far left is that those of us who are tired of progressive income tax schemes is that we oppose paying taxes

that is not true-what we are tired of is paying for the benefits of others whose only thanks is to demand we pay even more

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You just oppose paying what you are now paying.

TurtleDude said:

one of the more idiotic claims from the far left is that those of us who are tired of progressive income tax schemes is that we oppose paying taxes

that is not true-what we are tired of is paying for the benefits of others whose only thanks is to demand we pay even more

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Please. You support regressive effective tax rates. Lets not pretend you're just mad about progressive taxes.

haymarket said:

You just oppose paying what you are now paying.

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NO doubt, right now I pay far more than any objective evaluation of "fair share". I pay for many many others who do nothing for me and often vote for pimps like obama who want me to pay even more so he can pander to the parasites and envious

Deuce said:

Please. You support regressive effective tax rates. Lets not pretend you're just mad about progressive taxes.

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I support people paying for what they use and not demanding others be forced to fund them

j-mac said:

Aw bull....If they do and get caught, then they deserve what they get, but my feeling is that very few do anything illegal as you try and falsely accuse here.

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I don't know, j-mac, 92,000 people is a pretty high figure.

So are you agreeing with me that there is no point to taxes or are you just saying that our over-burdened wealthy shouldn't pay more?

From what I interpret (and I'm often wrong) of your philosophy is that since you're already in debt there's no point in having more revenue since you'll still be in debt?

Lutherf said:

Again and again and again.....the additional taxes won't cover spending. In fact, if we took 100% of the income of everyone who made more than $200k and added it to the rest of the tax revenue we would still be more than $1 Trillion short so raising the taxes doesn't solve the deficit. Now, if we could cut spending to just $2 Trillion per year then raising taxes makes sense so that we can start paying down debt but until we get that spending cut raising taxes is pure redistribution for the sake of redistribution.

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How would you feel about a straight 40% on the postcard system? 10% is quite the bargain but won't be enough to do much. 40% and we'll be debtless in no time.

j-mac said:

Great, so let's just make it a straight 10% on all income no limit....I could do my taxes on a post card....That would be wonderful.

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TurtleDude said:

NO doubt, right now I pay far more than any objective evaluation of "fair share". I pay for many many others who do nothing for me and often vote for pimps like obama who want me to pay even more so he can pander to the parasites and envious

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You live in a land where you can lord it over the peasants and call the elected President of the USA a pimp. Thats gotta be worth it.

TurtleDude said:

I support people paying for what they use and not demanding others be forced to fund them

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You support policies that result in regressive effective tax rates. Period. And you still pretend you're not waging class warfare.

haymarket said:

You live in a land where you can lord it over the peasants and call the elected President of the USA a pimp. Thats gotta be worth it.

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but those who don't pay any FIT can do that too-many of them whined about Romney. Sorry that is a silly claim on your part.

RLN said:

I don't know, j-mac, 92,000 people is a pretty high figure.

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yeah, saw it....That is worldwide, not just the US as you are attempting to portray.

Deuce said:

You support policies that result in regressive effective tax rates. Period. And you still pretend you're not waging class warfare.

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how is that class warfare? telling people they should pay for what they use and not impose costs on others

LIFE IS REGRESSIVE DUDE. but if you receive X value you ought to Pay X costs. I don't pay more for a cheeseburger or a car than you do even though I suspect a 45K lexus is a lot less of my total income than yours. We each get the same value-we each ought to pay the same amount.

specklebang said:

How would you feel about a straight 40% on the postcard system? 10% is quite the bargain but won't be enough to do much. 40% and we'll be debtless in no time.

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No. 10% would be plenty if government got back to constitutional restrictions and quit trying to social engineer. 40% is a rip off just so I can work to have my money given to someone else.

Then why are you OK with 10%? Either you honor what your ELECTED officials do - or you don't.

Despite Obama's compulsion to create new [programs, there isn't ANYTHING new being don that hasn't been done for years now. So, apparently all this is constitutional or SCOTUS would have banned it by now. Heck, I've seen claims that TAXES aren't constitutional but along with death, they seem to be widespread.

I thought I offered you a good deal at 40% (I had considered 75% but I didn't want to upset anyone). Make it 35% and we have a del?

j-mac said:

No. 10% would be plenty if government got back to constitutional restrictions and quit trying to social engineer. 40% is a rip off just so I can work to have my money given to someone else.

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specklebang said:

So are you agreeing with me that there is no point to taxes or are you just saying that our over-burdened wealthy shouldn't pay more?

From what I interpret (and I'm often wrong) of your philosophy is that since you're already in debt there's no point in having more revenue since you'll still be in debt?

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What I'm saying is that without spending cuts we won't even touch the debt. The only thing that we'd accomplish is that we'd accrue debt at a slower rate than we are now but that really doesn't solve anything.

What needs to happen is that Social Security and Medicare need to be yanked off the budget. They need to be reconfigured so that they are self sustaining and self funded. Once that happens we can start to restructure our other spending so that it fits a reasonable budget. Right now there is absolutely zero benefit in paying additional taxes because doing so is only resulting in the devaluation of the dollar.

j-mac said:

yeah, saw it....That is worldwide, not just the US as you are attempting to portray.

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Indeed. But j-mac how many of those 92,000 people live here? Lets speculate shall we? I heard that Afghanistan has a low tax rate. I wouldn't think they would live there with what's going on when they can get free military protection here in the good ole USA, right? No, one would believe that it would be in a civilized, well maintained government like the USA.

I found almost 300 here with a quick Google.

specklebang said:

Then why are you OK with 10%? Either you honor what your ELECTED officials do - or you don't.

Despite Obama's compulsion to create new [programs, there isn't ANYTHING new being don that hasn't been done for years now. So, apparently all this is constitutional or SCOTUS would have banned it by now. Heck, I've seen claims that TAXES aren't constitutional but along with death, they seem to be widespread.

I thought I offered you a good deal at 40% (I had considered 75% but I didn't want to upset anyone). Make it 35% and we have a del?

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heh, heh....trying to get me to make a deal with the devil are you? I'll tell you what...just because things have been done, or upheld as quasi law by unelected judges in the past is no absolution of correct, and proper action. The system in the US is, and has been corrupted for decades, maybe centuries now. Obama is just ramping it up to tear it down.

To that end, you agree to cease all unconstitutional action, dictate, and purview by the government all branches, and I'll agree to 10%.

Millionaires?.?

We are talking about billionaires here, not chicken **** millionaires running a restaurant in Queens.

In any case lets examine the incomes and tax paid by the top 400 income earners in the USA.

In 1955, the top 400 in the USA earns on average 13 million dollars per year EACH and paid 52% tax on that income.

In 2007, the top 400 earnt over 300 million dollars EACH on average and paid 18% tax on that income.

And remember ladies and gentlement, the 1950s were the glorious years of prosperity and high standard of living in the USA. the top tax rate in the USA in the 1950s was a little over 90%.

What should be examined is WHO owns the banking cartel in the USA and globally. Who are they? Who do they answer to? What is there wealth and income level? How did they get their wealth and power?

But of course these people own everything and everyone, we cannot possibly question them.

j-mac said:

Why should capital gains be taxed at all? Hasn't the money being invested already been taxed at the normal rates?

Who owns my labor?

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You own your own labour

And why should the profit from your labour be taxed differently?

Why should you have your profit from your labour be taxed at (made up number (22%) while the person who purchased your labour be taxed at (made up number (15%)?

Why should you be be treated differently for the income produced by your labour?

Klown said:

Millionaires?.?

We are talking about billionaires here, not chicken **** millionaires running a restaurant in Queens.

In any case lets examine the incomes and tax paid by the top 400 income earners in the USA.

In 1955, the top 400 in the USA earns on average 13 million dollars per year EACH and paid 52% tax on that income.

In 2007, the top 400 earnt over 300 million dollars EACH on average and paid 18% tax on that income.

And remember ladies and gentlement, the 1950s were the glorious years of prosperity and high standard of living in the USA. the top tax rate in the USA in the 1950s was a little over 90%.

What should be examined is WHO owns the banking cartel in the USA and globally. Who are they? Who do they answer to? What is there wealth and income level? How did they get their wealth and power?

But of course these people own everything and everyone, we cannot possibly question them.

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We don't need to though. Through good investigative work, people have figured out the answers. Personally, my favourite documentaries on the international banking cartels are the following:

The very first one I saw was in animated format, but don't let its flash graphics and humour fool you, it's good stuff:
Money As Debt - Full Length Documentary - YouTube

It has a Part II and III as well, but the first one was my favourite.

I later saw a documentary it mentioned. It's rather long, but it gets into the historical battle between those who recognize the thievery of our current banking system and those who like things the way they are now:
The Money Masters - YouTube

Finally, I found this one:
The American Dream Film-Full Length - YouTube

It's also a flash type presentation, and certainly has its humour, but I see nothing wrong with some humour when trying to get difficult messages across.

This may surprise you but I agree with you at least where SS is concerned. I've been hyping the MSA plan (Mandatory Savings Account) and I'm pretty sure it would be much more effective but sadly we're already drowning in the current obligations. I don't think it's viable to abruptly cease SS and based on my parents who lived to 93 and 100, I don't see how we can sustain even that much. Lts say we took everybody under 50, refunded part of their contributions to date and put them on the MSA. Can you imagine how much the refunds would amount to (I can't).

Now, lets look at Medicare. Obviously, even though we pay in almost 4% on every dollar, it isn't even coming close. We'd have to raise it at least to 10% or decide that when you hit 3 score and 10, you're on your own, a highly unlikely decision to be accepted by weither left or right albeit for different reasons.

The best we seem to be able to do is raise taxes and try to lower spending. Unfortunately, our leaders are so corrupt tat I can't even begin to imagine what spending would be cut since they've already taken their bribes. Did you see during the campaign that the only example of foolish spending was PBS (which of course offended 50% of the population) and not one mention was made of the millions of other goofy projects that are in process (we would lose jobs, lose stimulus, ;lose a definitive report on the smoking habits of Columbian hookers etc. etc.).

Oddly, raising taxes probably would help stem the disintegration of the dollar. But what are the chances of that really happening? Taxes have gone DOWN, not up (can we leve Obamacare out of this discussion for the moment?).

I'm almost relieved that I wasn't elected...

Lutherf said:

What I'm saying is that without spending cuts we won't even touch the debt. The only thing that we'd accomplish is that we'd accrue debt at a slower rate than we are now but that really doesn't solve anything.

What needs to happen is that Social Security and Medicare need to be yanked off the budget. They need to be reconfigured so that they are self sustaining and self funded. Once that happens we can start to restructure our other spending so that it fits a reasonable budget. Right now there is absolutely zero benefit in paying additional taxes because doing so is only resulting in the devaluation of the dollar.

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I'll offer you 2 branches and 33%. Even then, it seems un-American to me.

j-mac said:

heh, heh....trying to get me to make a deal with the devil are you? I'll tell you what...just because things have been done, or upheld as quasi law by unelected judges in the past is no absolution of correct, and proper action. The system in the US is, and has been corrupted for decades, maybe centuries now. Obama is just ramping it up to tear it down.

To that end, you agree to cease all unconstitutional action, dictate, and purview by the government all branches, and I'll agree to 10%.

Click to expand...

phoenyx said:

We don't need to though. Through good investigative work, people have figured out the answers. Personally, my favourite documentaries on the international banking cartels are the following:

The very first one I saw was in animated format, but don't let its flash graphics and humour fool you, it's good stuff:
Money As Debt - Full Length Documentary - YouTube

It has a Part II and III as well, but the first one was my favourite.

I later saw a documentary it mentioned. It's rather long, but it gets into the historical battle between those who recognize the thievery of our current banking system and those who like things the way they are now:
The Money Masters - YouTube

Finally, I found this one:
The American Dream Film-Full Length - YouTube

It's also a flash type presentation, and certainly has its humour, but I see nothing wrong with some humour when trying to get difficult messages across.

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.......names and addresses

RLN said:

Indeed. But j-mac how many of those 92,000 people live here? Lets speculate shall we? I heard that Afghanistan has a low tax rate. I wouldn't think they would live there with what's going on when they can get free military protection here in the good ole USA, right? No, one would believe that it would be in a civilized, well maintained government like the USA.

I found almost 300 here with a quick Google.

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Wow, you don't say? A whole 300 out of 92,000? My god! confiscate all wealth over $100K immediately. That ought to solve it, right?