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American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

TurtleDude said:
good point-ask winston who constantly tries to justify making the rich pay even more taxes

he believes that our national defenses (army, navy, USAF) spend more money protecting my property than his!!
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Yep poor people own so many oil wells in Iraq:roll:
 
winston53660 said:
Yep poor people own so many oil wells in Iraq:roll:
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I don't know many people of my level who own any either

but lots of union pensions have energy stocks
 
TurtleDude said:
Only if the bank fails and certainly not at the rate where one millionaire pays more federal income taxes than 100 million
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Your record of being correct isn't to good right now.
 
winston53660 said:
Your record of being correct isn't to good right now.
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says a guy who constantly makes stuff up to justify the fact that he is mad that others are wealthy

I don't post stuff I know is wrong or I have no reason to believe is right

you do constantly with your claims that it costs the federal government more to protect the rich

that is just plain BS and given the rich are at best the top 5% and pay more income and death taxes than the rest of society, your claim is completely specious
 
TurtleDude said:
says a guy who constantly makes stuff up to justify the fact that he is mad that others are wealthy

I don't post stuff I know is wrong or I have no reason to believe is right

you do constantly with your claims that it costs the federal government more to protect the rich

that is just plain BS and given the rich are at best the top 5% and pay more income and death taxes than the rest of society, your claim is completely specious
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Wrong again, there is no such thing as a "death tax".
 
winston53660 said:
Wrong again, there is no such thing as a "death tax".
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ah the Haymarket semantic game

the ostrich defense

that term has been used hundreds of thousands of times and even the IRS uses it to describe the estate taxes in the states that have them
 
haymarket said:
And why does this situation exist Mach?

Go back and see who the president of the USA was that proposed the mechanism that created the monster you and others on the right like to attack at every opportunity.

Does the name of George Bush II mean anything to you?

Do the Bush tax cuts of 2001 and 2003 mean anything to you?

Do you realize that 91% of the YES votes in Congress to pass those two tax cuts which created the 47% who do not pay federal income taxes came from REPUBLICANS?

While you decide to attack the 47% at every possible convenient opportunity, it would be fair and just for you to extend some of your ire and contempt for the REPUBLICANS who created that mechanism.
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Bush wrote all 44 thousand pages of the tax code? I didn't even know that!

I'm curious as to how many of that fourteen-hundred people are big dick politicos. Big dick politicos who insist that the world will come to an end if we don't raise taxes on the, "rich".
 
Paschendale said:
30k a year won't cover basic expenses in a lot of places. So no, 30k is not enough to be middle class. If a trip to the emergency room is outside your disposable income, you are not middle class. If you have to run on a broken car because you can't afford to fix it, then you're not middle class. If you can't afford a few luxuries, you're not middle class. 30k a year still means living paycheck to paycheck. That is not middle class.
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Thank you... well 55% of the working population live on 30k or less a year...
 
Harry Guerrilla said:
Not to be a dick but 30k is a decent income.
You can buy a house on 30k a year.
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Yea you can...because Fannie and Freddie are around....

As for being a "decent income"... totally depends on where you are. 30 k is nothing in New York and LA... but plenty in rural Texas or the backroads of Mississippi. In general 30k is not decent... that is if you want healthcare insurance as well as a roof over your head and food on the table.
 
TurtleDude said:
You are lying about millionaires

the very richest billionaires pay a lower rate ONLY BECAUSE CAPITAL GAINS ARE TAXED AT A LOWER RATE

the group that pays the highest effective rate are those making between 380K and 5 millions

and BFD that the rate was raised to 250K last year-I am not a banker

and anytime you want to put some money up rather than constantly make snide comments about what you think I am, do so. Put up or shut up

I tire of your constant attacks by someone who cannot handle the fact that I make more than he does
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You're wrong. Wrong. And wrong. The 400 Richest Americans Pay An 18% Tax Rate - Robert Lenzner - StreetTalk - Forbes

Because of FICA taxes, and lower rates on non-work-earned income, millionaires pay a lower rate than does anyone making less than $200,000 a year. The effective tax rate on most millionaires is 22.4%. When you go to just the top 400 families, it's lowered to 18%.

That is lower than someone who is making around $85,000.
 
PeteEU said:
Thank you... well 55% of the working population live on 30k or less a year...
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If someone wants more they should make themselves worth more
 
FilmFestGuy said:
You're wrong. Wrong. And wrong. The 400 Richest Americans Pay An 18% Tax Rate - Robert Lenzner - StreetTalk - Forbes

Because of FICA taxes, and lower rates on non-work-earned income, millionaires pay a lower rate than does anyone making less than $200,000 a year. The effective tax rate on most millionaires is 22.4%. When you go to just the top 400 families, it's lowered to 18%.

That is lower than someone who is making around $85,000.
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you don't read very well apparently

You fraudulently and dishonestly interchange the top 400 with "millionaires"

stop your silly lying. the group with the highest effective tax rate are those making 380k to 5 million a year

The Very Rich Are Different–They Pay A Lower Tax Rate - Janet Novack - Taxing Matters - Forbes

Taxpayers earning $1 million to $5 million, who get more of their income from salary and other “ordinary” income taxed at a top 35% rate, paid an effective tax rate of 24%.
 
TurtleDude said:
I wonder which party would be most upset if to vote you had to have paid federal income tax?
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I don't think either would care. Unless you said that in order to contribute mass quantities of money you had to pay taxes. Then they'd be very upset.
 
rocket88 said:
I don't think either would care. Unless you said that in order to contribute mass quantities of money you had to pay taxes. Then they'd be very upset.
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I think the dems would be highly upset
 
TurtleDude said:
I wonder which party would be most upset if to vote you had to have paid federal income tax?
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Ah the unconstitutional wet dream of a wanna be oligarch:roll:.
 
winston53660 said:
Ah the unconstitutional wet dream of a wanna be oligarch:roll:.
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hardly-I want to be left alone and let people like you take care of yourself
 
TurtleDude said:
I think the dems would be highly upset
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I think both parties would be. They both rely on the big money donors.

Or did you think the Republicans did it all without money?
 
ALL working people should be paying income taxes. One flat percentage across the board. No loopholes, no deductions, no credits.....nothing. Simple, flat, fair.
 
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