Do the rich earn their income?

[Mr. Shaman]

According to the IRS, the answer is mostly not.

Of the richest of the rich only 6.5% of income was from working, as of 2007. The rest came from things like interest, dividends, and capital gains.

In other words, the kind of income you get without having to wake up in the morning.

Which raises the question: if the rich are consuming without working, who is doing their work for them?

Link

Are you fucking serious?

If it wasn't for the "wealthy" you wouldn't have a fucking job dummy.

Aren't you ASSUMING Sundial is an accountant, helping the 1%ers/high-roller$ avoid taxes on all the cash they're SITTING-ON????? (....'Cause they sure-as-Hell aren't investing in JOBS!!)

​

 

[Mr.Nick]

Well using the libfuck logic we may as well say that any person that decides to go to college is NOT earning their income by making a wise decision because investments are exactly the same. An investor makes a decision and it either pays off or it doesn't just like college pays off or it doesn't. You get a usefull degree thats in high demand or you get a degree in bullshit nonsense that may be interesting but really has no demand or logical application in everyday life that would make a person useful to the general populace.

 

[Mr. Shaman]

Since when is investment income "unearned"? When I have to make budget decisions in my job, apparently I am not earning my income.

Big difference!!

What you're doing is considered direct-labor; actually working-for-a-living.

(Shouldn't someone, in budgeting, already KNOW that??!!! )​

Investments are certainly earned income - the investor decides which investments to make, makes them, shoulders the risk, etc.

Yeah....we know....we know.....

[ame=http://www.youtube.com/watch?v=Y1JHEZA562A]‪Craps Table - Club Vegas Casino Lounge‬‏ - YouTube[/ame]​

 

[Mr.Nick]

According to the IRS, the answer is mostly not.

Of the richest of the rich only 6.5% of income was from working, as of 2007. The rest came from things like interest, dividends, and capital gains.

In other words, the kind of income you get without having to wake up in the morning.

Which raises the question: if the rich are consuming without working, who is doing their work for them?

Link

Are you fucking serious?

If it wasn't for the "wealthy" you wouldn't have a fucking job dummy.

Aren't you ASSUMING Sundial is an accountant, helping the 1%ers/high-roller$ avoid taxes on all the cash they're SITTING-ON????? (....'Cause they sure-as-Hell aren't investing in JOBS!!)

​

Thats because progressive communists enjoy taxing the fuck out of the private sector small non-union business and those businesses are the lifeblood of the economy.

Of course they're not going to give you a job when the government TAXED THEM YOUR YEARLY WAGE..... When that happens YOU go bye bye as an employee.

A business isn't going to keep an employee they cant afford..

You're not a very intelligent person are you??

 

[RetiredGySgt]

Look people. Money is kept in this country because it's stable and a good place to keep money. It's clean as long as we can keep Republicans from gutting it. Almost no one with any real money serves in the military.

Rich people invest in companies to get more money. Well, they can invest in the country. To build up their consumer base to make even more money.

I just don't know where all these greedy fucks come from? You can't keep a nation strong by squeezing everything you can out of it. There has to be an investment. Making more and more of the middle class poor is NOT building up the country. In fact, there are millionaires and billionaires who (gasp) actually want to pay more.

Taxing the middle class more is squeezing the middle class. Someone that makes 250k a year is NOT rich they are middle class. And who is it that wants across the board tax increases?

 

[Mr.Nick]

Look people. Money is kept in this country because it's stable and a good place to keep money. It's clean as long as we can keep Republicans from gutting it. Almost no one with any real money serves in the military.

Rich people invest in companies to get more money. Well, they can invest in the country. To build up their consumer base to make even more money.

I just don't know where all these greedy fucks come from? You can't keep a nation strong by squeezing everything you can out of it. There has to be an investment. Making more and more of the middle class poor is NOT building up the country. In fact, there are millionaires and billionaires who (gasp) actually want to pay more.

Taxing the middle class more is squeezing the middle class. Someone that makes 250k a year is NOT rich they are middle class. And who is it that wants across the board tax increases?

C'mon now 250k is big bucks to a 40-year-old laymen progressive fan-boy that works at Burger King..

Nothing wrong with working at Burger King, hell I know some highly intelligent and educated individuals that have made careers out of doing remedial work, but they do that that work - not because of the money - but because they like it and it makes them feel happy...

But they're not bitter about their position - because they're humble modest people who really don't want more than what their remedial salary can provide for themselves...

 

[BoycottTheday]

So, hows the war on Capitalism doing? Maybe its time to nationalize 401's

like the Oman wants, thats should help some more.

 

[Article 15]

Look people. Money is kept in this country because it's stable and a good place to keep money. It's clean as long as we can keep Republicans from gutting it. Almost no one with any real money serves in the military.

Rich people invest in companies to get more money. Well, they can invest in the country. To build up their consumer base to make even more money.

I just don't know where all these greedy fucks come from? You can't keep a nation strong by squeezing everything you can out of it. There has to be an investment. Making more and more of the middle class poor is NOT building up the country. In fact, there are millionaires and billionaires who (gasp) actually want to pay more.

Taxing the middle class more is squeezing the middle class. Someone that makes 250k a year is NOT rich they are middle class. And who is it that wants across the board tax increases?

A new 250k tax bracket wouldn't increase the taxes of someone making 250k one cent.

 

[Mr.Nick]

Look people. Money is kept in this country because it's stable and a good place to keep money. It's clean as long as we can keep Republicans from gutting it. Almost no one with any real money serves in the military.

Rich people invest in companies to get more money. Well, they can invest in the country. To build up their consumer base to make even more money.

I just don't know where all these greedy fucks come from? You can't keep a nation strong by squeezing everything you can out of it. There has to be an investment. Making more and more of the middle class poor is NOT building up the country. In fact, there are millionaires and billionaires who (gasp) actually want to pay more.

Taxing the middle class more is squeezing the middle class. Someone that makes 250k a year is NOT rich they are middle class. And who is it that wants across the board tax increases?

A new 250k tax bracket wouldn't increase the taxes of someone making 250k one cent.

There is no 250k bracket..

All that shits a myth...

** Edit..

It's not that it's a myth but a person/individual making 225k could be paying more in taxes than a person making 250k or vice versa...

The guy who is making 250 per could be bringing home less than the guy making 225...

 

[Si modo]

Apparently, only laborers have real jobs, now.

 

[Article 15]

Taxing the middle class more is squeezing the middle class. Someone that makes 250k a year is NOT rich they are middle class. And who is it that wants across the board tax increases?

A new 250k tax bracket wouldn't increase the taxes of someone making 250k one cent.

There is no 250k bracket..

All that shits a myth...

Hence the phrase "a new 250k tax bracket"

 

[Article 15]

Taxing the middle class more is squeezing the middle class. Someone that makes 250k a year is NOT rich they are middle class. And who is it that wants across the board tax increases?

A new 250k tax bracket wouldn't increase the taxes of someone making 250k one cent.

There is no 250k bracket..

All that shits a myth...

** Edit..

It's not that it's a myth but a person/individual making 225k could be paying more in taxes than a person making 250k or vice versa...

The guy who is making 250 per could be bringing home less than the guy making 225...

Do you understand how tax brackets work?

 

[Mr.Nick]

A new 250k tax bracket wouldn't increase the taxes of someone making 250k one cent.

There is no 250k bracket..

All that shits a myth...

Hence the phrase "a new 250k tax bracket"

No...

There is no "real" bracket...

Tax brackets are for progressives trying to classify people or individuals.....

 

[Article 15]

No...

I didn't think so.

 

[Mr.Nick]

A new 250k tax bracket wouldn't increase the taxes of someone making 250k one cent.

There is no 250k bracket..

All that shits a myth...

** Edit..

It's not that it's a myth but a person/individual making 225k could be paying more in taxes than a person making 250k or vice versa...

The guy who is making 250 per could be bringing home less than the guy making 225...

Do you understand how tax brackets work?

You a real hockey fan??

Do you know how the salary cap works??

Because I can give you a good analogy if we used the cap floor and the cap ceiling as a tax analogy.

 

[Article 15]

There is no 250k bracket..

All that shits a myth...

** Edit..

It's not that it's a myth but a person/individual making 225k could be paying more in taxes than a person making 250k or vice versa...

The guy who is making 250 per could be bringing home less than the guy making 225...

Do you understand how tax brackets work?

You a real hockey fan??

Do you know how the salary cap works??

Because I can give you a good analogy if we used the cap floor and the cap ceiling as a tax analogy.

Yes, I understand how the hockey salary cap works.

I'm not sure how I feel about whatever analogy you might come up with given that you don't understand how our current tax system works but have at it.

 

[Mr.Nick]

Do you understand how tax brackets work?

You a real hockey fan??

Do you know how the salary cap works??

Because I can give you a good analogy if we used the cap floor and the cap ceiling as a tax analogy.

Yes, I understand how the hockey salary cap works.

I'm not sure how I feel about whatever analogy you might come up with given that you don't understand how our current tax system works but have at it.

Much like a front loaded contract is 10mil and 8 years later its 2 - the cap hit is the same, despite what you're paying in actual salary.

A guy could have a cap hit of 5.2 like Hossa but could be making 750k or 10 million in actual salary, but the guy paying the salary (taxes) still has a cap hit of 5.2..

Get it?

 

[Skull Pilot]

According to the IRS, the answer is mostly not.

Of the richest of the rich only 6.5% of income was from working, as of 2007. The rest came from things like interest, dividends, and capital gains.

In other words, the kind of income you get without having to wake up in the morning.

Which raises the question: if the rich are consuming without working, who is doing their work for them?

Link

The whole point of being financially independent is that your money works for you.

 

[Article 15]

You a real hockey fan??

Do you know how the salary cap works??

Because I can give you a good analogy if we used the cap floor and the cap ceiling as a tax analogy.

Yes, I understand how the hockey salary cap works.

I'm not sure how I feel about whatever analogy you might come up with given that you don't understand how our current tax system works but have at it.

Much like a front loaded contract is 10mil and 8 years later its 2 - the cap hit is the same, despite what you're paying in actual salary.

A guy could have a cap hit of 5.2 like Hossa but could be making 750k or 10 million in actual salary, but the guy paying the salary (taxes) still has a cap hit of 5.2..

Get it?

I understand that the cap hit a team takes for a player is the average salary per year for the entire length of the contract. But I'm not tracking how you are applying that to our tax system based on what you posted.

 

[dblack]

But when they make bad decisions in America, they get bailed out with someone else's money.

Not in a free market, no. By 'someone else takes over', I mean they lose their money, and their 'job' of deciding what to do with it.