[POLL] - Liberals, how much is a "fair share?" - Taxes

[eagle1462010]

The rich actually do pay more taxes:

pitchforks. The story is more complicated than that.

NEW YORK (CNNMoney)
Many people think that the rich are able to weasel their way out of taxes, but they actually pay an overwhelming majority of the taxes in the United States.
What's more, their share of the tax burden is increasing.

The top 10 percent of taxpayers paid over 70% of the total amount collected in federal income taxes in 2010, the latest year figures are available, according to the Tax Foundation, a think tank that advocates for lower taxes. That's up from 55% in 1986.

The remaining 90% bore just under 30% of the tax burden. And 47% of all Americans pay hardly anything at all

The rich pay majority of U.S. income taxes - Mar. 12, 2013

CBO | Average Federal Taxes by Income Group

There is a CBO pub to back that data up from 2007. The Federal Revenues for 2006 were the HIGHEST EVER RECORDED IN THE HISTORY OF THE UNITED STATES at 2.5 plus TRILLION OR SO. This was done with the Bush Tax Cuts in place.

Why? Because of Capital Gains, Divedends, and etc. as a result of the Stock Markets going through the roof. aka The Bubble Machine. This increase is consistent with Historical Good Times in American Economics. In Recessions, obviously the receipts go down.

I see posts in this thread from the Libs yelling TAX THE RICH AND TAX THE RICH which is absolutely NORMAL FROM THEM. They will or course DISREGARD THE CBO REPORT AS BS like they always do.

Historically, the average FEDERAL REVENUES since WWII are about 18.1 percent of the GDP IRREGARDLESS OF THE TAX RATES. It spans from roughly 15% to 20.5% during that time. This based on ECONOMIC SITUATIONS AND NOT THE TAX RATES. Which leads me to the CONCLUSION THAT THE TAX RATES AREN'T THE PROBLEM. It's the SPENDING THAT'S THE PROBLEM.

We've grown tooooo BIG AND SIMPLY CAN'T AFFORD TO STAY THIS BIG.

We are now SPENDING 25% OF THE GDP OF THE U.S..........A kid in elementary school could figure this one out. If I have 18 Dollars and I'm spending 25 Dollars I'm steadily going into debt. And the LONGER I DO THIS THE MORE IN DEBT I GO.

 

[Sunshine]

It's never been about paying a fair share. That is a made up excuse. It's being allowed to keep a share that is considered "fair" by social engineers. If a person is taxed at 98% and allowed to keep only 2% of what they earned and that 2% is over a $500,000 a year, compared to someone making $30,000 a year the 2% still isn't fair.

Well, KnD, we have reached a place in this country where those who do absolutely nothing have, or soon will have, passed the 51% mark. That means we well never again be able to out vote them, and a new slavery class has been created - my children and yours. Did you read the article I posted? 47% pay little or no tax at all. Can you extrapolate where that is taking this country?

 

[eagle1462010]

[Estimates for 2007
In 2007, the overall average federal tax rate was 20.4 percent (see Table 1). Individual income taxes, the largest component, were 9.3 percent of household income. Social insurance taxes (also called payroll taxes) were the next-largest source, with an average rate of 7.4 percent. Corporate income taxes and excise taxes were smaller, with average tax rates of 3.0 percent and 0.6 percent, respectively.

The federal tax system is progressive—that is, average tax rates generally rise with income. Households in the bottom fifth of the income distribution paid 4.0 percent of their income in federal taxes, the middle quintile paid 14.3 percent, and the highest quintile paid 25.1 percent. Average rates continued to rise within the top quintile: The top 1 percent faced an average rate of 29.5 percent.

Higher-income groups earn a disproportionate share of pretax income and pay a disproportionate share of federal taxes. In 2007, the highest quintile earned 55.9 percent of pretax income and paid 68.9 percent of federal taxes; the top 1 percent of households earned 19.4 percent of income and paid 28.1 percent of taxes. The share of taxes paid by high-income groups exceeded their share of income because average tax rates rise with income. In all other quintiles, the share of federal taxes was less than the income share. The bottom quintile earned 4.0 percent of income and paid 0.8 percent of taxes, and the middle quintile earned 13.1 percent of income and paid 9.2 percent of taxes.

Much of the progressivity of the federal tax system derives from the individual income tax. In 2007, the bottom quintile’s average rate for the individual income tax was -6.8 percent, which means that refundable earned income and child tax credits exceeded the income tax owed by that group. On average, households in the second quintile also received more in credits than they paid in individual income taxes. The average income tax rate was 3.3 percent for the middle quintile and 6.2 percent for the fourth quintile. For the highest quintile, the rate was 14.4 percent. The top 1 percent, on average, paid 19.0 percent of their income in individual income taxes. Average rates for payroll taxes rise gradually across most of the income distribution, then fall at the top. The average payroll tax rate for the lowest quintile was 8.8 percent. That rate was 9.5 percent for the second quintile, 9.4 percent for the middle quintile, and 9.5 percent for the fourth quintile. The increase occurs because nontaxable transfer payments (for example, spending for Medicare, Medicaid, and most Social Security benefits) make up a larger share of income at the bottom of the distribution. The payroll tax rate was 5.7 percent for the highest quintile. That rate is lower than others in part because much of the wages in that quintile are above the maximum income subject to Social Security taxes ($97,500 in 2007) and in part because capital income, such as interest, dividends, and capital gains, is a larger share of income at the top. Social insurance taxes account for the largest share of taxes paid by households in all but the top quintile. The impact of the corporate income tax also rises with income, because CBO assumes in this analysis that the tax is borne by those who receive capital income, and capital income is a larger share of income at the top of the distribution. The incidence of the corporate income tax is uncertain, and various models suggest that at least some of the tax is borne by workers in the form of reduced earnings, in which case the tax would not be as progressive as shown in CBO’s analysis. The effect of excise taxes, relative to income, is greatest for lower-income households, which tend to spend a greater proportion of their income on such goods as gasoline, alcohol, and tobacco, which are subject to excise taxes./QUOTE]

 

[Wyatt earp]

It's never been about paying a fair share. That is a made up excuse. It's being allowed to keep a share that is considered "fair" by social engineers. If a person is taxed at 98% and allowed to keep only 2% of what they earned and that 2% is over a $500,000 a year, compared to someone making $30,000 a year the 2% still isn't fair.

Well, KnD, we have reached a place in this country where those who do absolutely nothing have, or soon will have, passed the 51% mark. That means we well never again be able to out vote them, and a new slavery class has been created - my children and yours. Did you read the article I posted? 47% pay little or no tax at all. Can you extrapolate where that is taking this country?

So true, when more folks hop in the wagon then pull it, we are so fucked.....

 

[Redfish]

It's never been about paying a fair share. That is a made up excuse. It's being allowed to keep a share that is considered "fair" by social engineers. If a person is taxed at 98% and allowed to keep only 2% of what they earned and that 2% is over a $500,000 a year, compared to someone making $30,000 a year the 2% still isn't fair.

Well, KnD, we have reached a place in this country where those who do absolutely nothing have, or soon will have, passed the 51% mark. That means we well never again be able to out vote them, and a new slavery class has been created - my children and yours. Did you read the article I posted? 47% pay little or no tax at all. Can you extrapolate where that is taking this country?

So true, when more folks hop in the wagon then pull it, we are so fucked.....

at the moment the socialists are winning and the country is losing. 2014 and 2016 will decide whether the USA continues to be a free democratic republic or becomes a socialist state run by a small group of elites who will control all of the power and all of the money.

We will become north korea.

 

[KissMy]

It's never been about paying a fair share. That is a made up excuse. It's being allowed to keep a share that is considered "fair" by social engineers. If a person is taxed at 98% and allowed to keep only 2% of what they earned and that 2% is over a $500,000 a year, compared to someone making $30,000 a year the 2% still isn't fair.

Well, KnD, we have reached a place in this country where those who do absolutely nothing have, or soon will have, passed the 51% mark. That means we well never again be able to out vote them, and a new slavery class has been created - my children and yours. Did you read the article I posted? 47% pay little or no tax at all. Can you extrapolate where that is taking this country?

So true, when more folks hop in the wagon then pull it, we are so fucked.....

Payroll taxes are pulling the wagon in this country. It's time for the entitled to get off & pay their freight.

 

[eagle1462010]

Well, KnD, we have reached a place in this country where those who do absolutely nothing have, or soon will have, passed the 51% mark. That means we well never again be able to out vote them, and a new slavery class has been created - my children and yours. Did you read the article I posted? 47% pay little or no tax at all. Can you extrapolate where that is taking this country?

So true, when more folks hop in the wagon then pull it, we are so fucked.....

Payroll taxes are pulling the wagon in this country. It's time for the entitled to get off & pay their freight.

The Liberal Left's Dirty Little Secret: The Middle Class and Poor Pay For the Entitlement State - Forbes

If you do not believe me, an influential member of the media elite (from the New York Times editorial board, no less), let this secret slip in a remarkably candid admission. (Note his article appeared after the election):

“The experience of many other developed countries suggests that paying for a government that could help the poor and the middle class cope in our brave new globalized world will require more money from the middle class itself….The United States already has one of the most progressive tax systems in the developed world.….. Taxes on American households do more to redistribute resources and reduce inequality than the tax codes of most other rich nations…. Insisting on highly progressive taxes that draw most revenue from the rich may result in more inequality than if we relied on a flatter, more ‘regressive’ tax schedule to raise money from everybody (!!!) and pay for a government that could help every American family attain a decent standard of living.”

 

[Derideo_Te]

Maybe someone can come up with a system that affords us to live in the best place on earth without actually having to pay for it.

Isn't that exactly how the 1% have gamed the system to their advantage?

Where do you get these ideas? The rich pay most of the taxes.

http://www.usmessageboard.com/7320117-post75.html

From Mitt Romney paying a much lower tax percentage than middle class wage earners are subjected to paying. When the bulk of the income for the wealthy is taxed at a pitiful 15% rate there is a problem with the system. If you cannot understand this problem then you are part of it.

http://www.1040.com/federal-taxes/income/dividends/]Dividend Income ? Federal Tax Guide ? 1040.com ? File Your Taxes Online[/U]

Which tax rate the dividends qualify for depends on what the regular tax rate on the dividends would be. This is determined by your tax rate on earned income.

Dividends qualify for the 0% rate (tax-free) if you fall within the 10% or 15% tax brackets.
Dividends qualify for the 15% rate if you fall within a higher tax bracket. There are exceptions, so see IRS Publication 550 for more information.

 

[eagle1462010]

Kissmy's argument from his graph, which I've seen before, implies he is talking about CORPORATE taxation. Yet the BATTLE ON THE HILL IS ALWAYS ABOUT STANDARD INCOME RATES IN THE COUNTRY ON INDIVIDUALS...................

Why? SMOKE AND MIRRORS...................They point to the Big Corps and say SEE, THEY AREN'T PAYING TAXES AND THEN RAISE THE RATES ON THE INDIVIDUALS AS JUSTIFICATION. They do and have raised the rates in these battles on CAPITAL GAINS which directly effects this area.

So what is the JUSTIFICATION OF RAISING INDIVIDUAL TAX RATES, when they use DATA TO JUSTIFY IT FROM AN ENTIRELY DIFFERENT SOURCE OF REVENUE? It is the age of STRATEGY OF CLASS WARFARE THE LIBS USE ALL THE TIME.

Now, LET'S RAISE THEM UP FOR A MOMENT. Let's GET THOSE BAD GUYS. WE'LL SHOW THEM. HEY CORPORATIONS WE ARE RAISING YOUR RATES. RAH RAH RAH.

1. They are businesses and DON'T HAVE TO INVEST A DIME HERE. They can take their money elsewhere and WE LOSE JOBS.

2. They stay here, pay higher taxes, and then PASS IT ON TO THE CONSUMER TO MAINTAIN THEIR PROFIT MARGINS. We go to the store and go WHY IS THIS PRODUCT SO EXPENSIVE? You get the point.

3. They shut down and move, especially with Free Trade. Then Americans LOSE THEIR JOBS, and WONDER WHY.........................

Economics and taxation are a 2 edged sword. IT CUTS BOTH WAYS.

 

[Gadawg73]

I would pay more in taxes with the Fair Tax.
But instead of supporting passing on massive debt to my children and society like most in this country support borrowing 45 cents of every dollar government spends I SEEK SOLUTIONS.
And Fair Tax is the solution.
And end the double taxation of taxing corporations.
That brings back 21 trillion dollars held in overseas banks tomorrow.
Either one is interested in economic growth or one is interested in blaming the rich.
"They do not pay their fair share" is what a 5 year old says.

Please read and comment on the content in the following two opinion pieces regarding the Fair Tax.

Thanks.


Tax Update Blog: FAIR Tax isn't just a bad tactic; it's a bad idea.

Tennesseans for Fair Taxation

In my business and in all businesses there is an imbedded tax in everything we sell or service we offer.
And that is around 22% now or higher in transportation businesses.
For instance because of payroll taxes and corporate taxes every loaf of bread sold in America has 22%+ of the cost of bringing that loaf of bread to market in taxes.
That is most all eliminated with the Fair Tax and the article does not address that.
No tax is pretty. Where has anyone claimed there was ever a tax that was?
And where does this article address the political power yielded by the income tax that will almost completely disappear with a sales tax?

 

[RKMBrown]

Fair Income tax? Zero.

Appropriate tax? % of sales of interstate commerce.

 

[Gadawg73]

Kissmy's argument from his graph, which I've seen before, implies he is talking about CORPORATE taxation. Yet the BATTLE ON THE HILL IS ALWAYS ABOUT STANDARD INCOME RATES IN THE COUNTRY ON INDIVIDUALS...................

Why? SMOKE AND MIRRORS...................They point to the Big Corps and say SEE, THEY AREN'T PAYING TAXES AND THEN RAISE THE RATES ON THE INDIVIDUALS AS JUSTIFICATION. They do and have raised the rates in these battles on CAPITAL GAINS which directly effects this area.

So what is the JUSTIFICATION OF RAISING INDIVIDUAL TAX RATES, when they use DATA TO JUSTIFY IT FROM AN ENTIRELY DIFFERENT SOURCE OF REVENUE? It is the age of STRATEGY OF CLASS WARFARE THE LIBS USE ALL THE TIME.

Now, LET'S RAISE THEM UP FOR A MOMENT. Let's GET THOSE BAD GUYS. WE'LL SHOW THEM. HEY CORPORATIONS WE ARE RAISING YOUR RATES. RAH RAH RAH.

1. They are businesses and DON'T HAVE TO INVEST A DIME HERE. They can take their money elsewhere and WE LOSE JOBS.

2. They stay here, pay higher taxes, and then PASS IT ON TO THE CONSUMER TO MAINTAIN THEIR PROFIT MARGINS. We go to the store and go WHY IS THIS PRODUCT SO EXPENSIVE? You get the point.

3. They shut down and move, especially with Free Trade. Then Americans LOSE THEIR JOBS, and WONDER WHY.........................

Economics and taxation are a 2 edged sword. IT CUTS BOTH WAYS.

Exactly, corporations have never and never will pay one cent in taxes.
PEOPLE PAY TAXES.
All my 3 businesses do is COLLECT the taxes as every cent in taxes we pay and every other business or corporation pays is collected from the consumer and passed on to government.

Currently corporations are taxed TWICE.
The dividends that the owners of the company receive, THE SHAREHOLDERS, are taxed and what is left over is taxed as corporate "profits".
Because now most Americans believe profits are bad and evil corporations need to be punished by taxes for being greedy making a buck.

 

[Gadawg73]

Maybe someone can come up with a system that affords us to live in the best place on earth without actually having to pay for it.

Isn't that exactly how the 1% have gamed the system to their advantage?

The 1% keep getting wealthier because they keep doing the same things over and over and over that made them wealthy.
Not all of them but the majority of them.
Same as the moocher class. They keep doing the same things over and over and over that keep them poor.
Not all of them but most of them.
But it always easier to look down on the producer class as one makes excuses for their lack of effort in their own world.

 

[FA_Q2]

Kissmy's argument from his graph, which I've seen before, implies he is talking about CORPORATE taxation. Yet the BATTLE ON THE HILL IS ALWAYS ABOUT STANDARD INCOME RATES IN THE COUNTRY ON INDIVIDUALS...................

Why? SMOKE AND MIRRORS...................They point to the Big Corps and say SEE, THEY AREN'T PAYING TAXES AND THEN RAISE THE RATES ON THE INDIVIDUALS AS JUSTIFICATION. They do and have raised the rates in these battles on CAPITAL GAINS which directly effects this area.

So what is the JUSTIFICATION OF RAISING INDIVIDUAL TAX RATES, when they use DATA TO JUSTIFY IT FROM AN ENTIRELY DIFFERENT SOURCE OF REVENUE? It is the age of STRATEGY OF CLASS WARFARE THE LIBS USE ALL THE TIME.

Now, LET'S RAISE THEM UP FOR A MOMENT. Let's GET THOSE BAD GUYS. WE'LL SHOW THEM. HEY CORPORATIONS WE ARE RAISING YOUR RATES. RAH RAH RAH.

1. They are businesses and DON'T HAVE TO INVEST A DIME HERE. They can take their money elsewhere and WE LOSE JOBS.

2. They stay here, pay higher taxes, and then PASS IT ON TO THE CONSUMER TO MAINTAIN THEIR PROFIT MARGINS. We go to the store and go WHY IS THIS PRODUCT SO EXPENSIVE? You get the point.

3. They shut down and move, especially with Free Trade. Then Americans LOSE THEIR JOBS, and WONDER WHY.........................

Economics and taxation are a 2 edged sword. IT CUTS BOTH WAYS.

Exactly, corporations have never and never will pay one cent in taxes.
PEOPLE PAY TAXES.
All my 3 businesses do is COLLECT the taxes as every cent in taxes we pay and every other business or corporation pays is collected from the consumer and passed on to government.

Currently corporations are taxed TWICE.
The dividends that the owners of the company receive, THE SHAREHOLDERS, are taxed and what is left over is taxed as corporate "profits".
Because now most Americans believe profits are bad and evil corporations need to be punished by taxes for being greedy making a buck.

This is why corporate tax should not exist. It is nothing more than a tax scheme to HIDE the actual taxes that people pay. All taxes should be readily available and out in the open. Just like the SS tax where the government hides half of it by having the employer ‘pay’ it as though that does not affect people’s pay. If people knew what they really paid in taxes, they would be outraged.

 

[eagle1462010]

Isn't that exactly how the 1% have gamed the system to their advantage?

Where do you get these ideas? The rich pay most of the taxes.

http://www.usmessageboard.com/7320117-post75.html

From Mitt Romney paying a much lower tax percentage than middle class wage earners are subjected to paying. When the bulk of the income for the wealthy is taxed at a pitiful 15% rate there is a problem with the system. If you cannot understand this problem then you are part of it.

http://www.1040.com/federal-taxes/income/dividends/]Dividend Income ? Federal Tax Guide ? 1040.com ? File Your Taxes Online[/U]

Which tax rate the dividends qualify for depends on what the regular tax rate on the dividends would be. This is determined by your tax rate on earned income.

Dividends qualify for the 0% rate (tax-free) if you fall within the 10% or 15% tax brackets.
Dividends qualify for the 15% rate if you fall within a higher tax bracket. There are exceptions, so see IRS Publication 550 for more information.

LOL Your link didn't work SKIPPY............

Try this one and stop CHERRY PICKING YOUR DATA SKIPPY.

Capital Gains Tax Rates: Tax Rates for Short-Term & Long-Term Capital Gains

Planning Ahead for 2013

Starting with the year 2013, there will be a new long-term capital gains rate of 20% which applies to taxpayers who fall within the new 39.6% tax bracket. The new capital gains tax rates for 2013 and future years are as follows:
0% applies to long-term gains and dividend income if a person is in the 10% and 15% tax brackets,
15% applies to long-term gains and dividend income if a person is in the 25%, 28%, 33%, or 35% tax brackets, and
20% applies to long-term gains and dividend income if a person is in the 39.6% tax bracket.
Also beginning in 2013, capital gain income will be subject to an additional 3.8% Medicare tax for taxpayers with income at or above a certain threshold.

Comment....................

They are talking about individual INCOME BRACKETS regarding TAX RATES. Mitt Romney isn't in the 10% and 15% brackets SKIPPY.

 

[Derideo_Te]

Kissmy's argument from his graph, which I've seen before, implies he is talking about CORPORATE taxation. Yet the BATTLE ON THE HILL IS ALWAYS ABOUT STANDARD INCOME RATES IN THE COUNTRY ON INDIVIDUALS...................

Why? SMOKE AND MIRRORS...................They point to the Big Corps and say SEE, THEY AREN'T PAYING TAXES AND THEN RAISE THE RATES ON THE INDIVIDUALS AS JUSTIFICATION. They do and have raised the rates in these battles on CAPITAL GAINS which directly effects this area.

So what is the JUSTIFICATION OF RAISING INDIVIDUAL TAX RATES, when they use DATA TO JUSTIFY IT FROM AN ENTIRELY DIFFERENT SOURCE OF REVENUE? It is the age of STRATEGY OF CLASS WARFARE THE LIBS USE ALL THE TIME.

Now, LET'S RAISE THEM UP FOR A MOMENT. Let's GET THOSE BAD GUYS. WE'LL SHOW THEM. HEY CORPORATIONS WE ARE RAISING YOUR RATES. RAH RAH RAH.

1. They are businesses and DON'T HAVE TO INVEST A DIME HERE. They can take their money elsewhere and WE LOSE JOBS.

2. They stay here, pay higher taxes, and then PASS IT ON TO THE CONSUMER TO MAINTAIN THEIR PROFIT MARGINS. We go to the store and go WHY IS THIS PRODUCT SO EXPENSIVE? You get the point.

3. They shut down and move, especially with Free Trade. Then Americans LOSE THEIR JOBS, and WONDER WHY.........................

Economics and taxation are a 2 edged sword. IT CUTS BOTH WAYS.

Exactly, corporations have never and never will pay one cent in taxes.
PEOPLE PAY TAXES.
All my 3 businesses do is COLLECT the taxes as every cent in taxes we pay and every other business or corporation pays is collected from the consumer and passed on to government.

Currently corporations are taxed TWICE.
The dividends that the owners of the company receive, THE SHAREHOLDERS, are taxed and what is left over is taxed as corporate "profits".
Because now most Americans believe profits are bad and evil corporations need to be punished by taxes for being greedy making a buck.

Hogwash! Any competent accountant will help your corporation from having to be "taxed twice". You can't blame the government because you don't hire good help.

 

[ilia25]

I keep hearing liberals say day after day, "the rich need to pay their fair share!"

But when asked how much the "fair share" actually is, they have no idea and never come out with a specific number.

Stop lying, I gave you numbers as specific as they can get. But they depend on your definition of the rich, among other things, like primary budget deficit.

I think that currently we can get by with introducing 50% bracket at 500,000 and 70% bracket at one million. I would also extend the payroll taxes to cover all income, and tax capital gains of more than 500,000 at 50%.

 

[Gadawg73]

Kissmy's argument from his graph, which I've seen before, implies he is talking about CORPORATE taxation. Yet the BATTLE ON THE HILL IS ALWAYS ABOUT STANDARD INCOME RATES IN THE COUNTRY ON INDIVIDUALS...................

Why? SMOKE AND MIRRORS...................They point to the Big Corps and say SEE, THEY AREN'T PAYING TAXES AND THEN RAISE THE RATES ON THE INDIVIDUALS AS JUSTIFICATION. They do and have raised the rates in these battles on CAPITAL GAINS which directly effects this area.

So what is the JUSTIFICATION OF RAISING INDIVIDUAL TAX RATES, when they use DATA TO JUSTIFY IT FROM AN ENTIRELY DIFFERENT SOURCE OF REVENUE? It is the age of STRATEGY OF CLASS WARFARE THE LIBS USE ALL THE TIME.

Now, LET'S RAISE THEM UP FOR A MOMENT. Let's GET THOSE BAD GUYS. WE'LL SHOW THEM. HEY CORPORATIONS WE ARE RAISING YOUR RATES. RAH RAH RAH.

1. They are businesses and DON'T HAVE TO INVEST A DIME HERE. They can take their money elsewhere and WE LOSE JOBS.

2. They stay here, pay higher taxes, and then PASS IT ON TO THE CONSUMER TO MAINTAIN THEIR PROFIT MARGINS. We go to the store and go WHY IS THIS PRODUCT SO EXPENSIVE? You get the point.

3. They shut down and move, especially with Free Trade. Then Americans LOSE THEIR JOBS, and WONDER WHY.........................

Economics and taxation are a 2 edged sword. IT CUTS BOTH WAYS.

Exactly, corporations have never and never will pay one cent in taxes.
PEOPLE PAY TAXES.
All my 3 businesses do is COLLECT the taxes as every cent in taxes we pay and every other business or corporation pays is collected from the consumer and passed on to government.

Currently corporations are taxed TWICE.
The dividends that the owners of the company receive, THE SHAREHOLDERS, are taxed and what is left over is taxed as corporate "profits".
Because now most Americans believe profits are bad and evil corporations need to be punished by taxes for being greedy making a buck.

Hogwash! Any competent accountant will help your corporation from having to be "taxed twice". You can't blame the government because you don't hire good help.

You know nothing about business.
Shareholders buy stocks. Do you own any stocks?
What does that make you? A SHAREHOLDER.
Shareholders buy stocks why? As an investment to make money?
So if you own shares in a company and the company makes a profit what do you want?
A share of the profits?
That is what a dividend is Moe. Every good accountant out there advises corporations to pay as much as they can in dividends to their shareholders to keep the price of their stock high.
High corporate profits or low corporate profits. Which one makes a companies' stock price rise and puts money in the hands of shareholders and employees?

WELL DUH!
That is the first lesson.
Lesson #2.
Before I started each of my companies I consulted with my accountant BEFORE hand for tax advice. Those strategies and policies are IN PLACE before I made my first dollar.
They have to be. The moocher class is growing and government is plundering faster.

 

[eagle1462010]

I keep hearing liberals say day after day, "the rich need to pay their fair share!"

But when asked how much the "fair share" actually is, they have no idea and never come out with a specific number.

Stop lying, I gave you numbers as specific as they can get. But they depend on your definition of the rich, among other things, like primary budget deficit.

I think that currently we can get by with introducing 50% bracket at 500,000 and 70% bracket at one million. I would also extend the payroll taxes to cover all income, and tax capital gains of more than 500,000 at 50%.

I'm very happy that you aren't in charge of this subject in this country, as NO BUSINESS IN THE WORLD WOULD INVEST HERE IF YOU WERE IN CHARGE.

 

[Gadawg73]

I keep hearing liberals say day after day, "the rich need to pay their fair share!"

But when asked how much the "fair share" actually is, they have no idea and never come out with a specific number.

Stop lying, I gave you numbers as specific as they can get. But they depend on your definition of the rich, among other things, like primary budget deficit.

I think that currently we can get by with introducing 50% bracket at 500,000 and 70% bracket at one million. I would also extend the payroll taxes to cover all income, and tax capital gains of more than 500,000 at 50%.

So if you have capital to invest are you going to invest it where you only make 50% off of your gain or take it where there are NO capital gains taxes?

And where does capital go, to where it is rewarded or punished?

Capital investments carry RISK, THERE IS NO GUARANTEE YOU MAKE MONEY.

And currently one can only carry over 3K in losses each year to offset any gains, IF THERE ARE ANY.

And you wonder why there is no economic growth here. Capital is fleeing this country because capitalists ARE PUNISHED in America by you communists.