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Then you're an idiot. Anyone that pays that kind of income tax doesn't take advantage of the numerous shelters and deductions available to them.Tell you what. Tell us your income from last year and tell us how much in income taxes you paid and we will see that you did not pay 36% or even 35% in income tax.
My income is not for public display....but if you are seruious with this question, then you are making it quite clear that you do not understand the tax codes...how they work, etc.
My take home income is well below 60% of my gross now that my mortage is paid off and my children are out of the house.
It seems fair to me as the rich receive more tax cuts than the rest of us. For example, they've enjoyed lower rates on investment income that most receive on actual employment income.
They've had a nice ride for years maybe it is time for them to put some money into the country that enabled them to thrive.
How can you even compare tax cuts on investment earning to tax cuts on income? What's your argument here? That because you can't afford to invest in something it is morally justified to tax the hell out of the investment earnings of those that can? How fucking ridiculous or you?
To call it morally repugnanat also requires one to assume many factors that simply aren't so. It assumes the one with excess income is doing the same amount of work as the poor person.
That's probably our greatest error. Since capitalism involves remuneration based on the product of the combination of one's labor and one capital, those with access to much capital can be idle and not labor, while the poor can labor furiously and yet remain poor.
Then you're an idiot. Anyone that pays that kind of income tax doesn't take advantage of the numerous shelters and deductions available to them.Tell you what. Tell us your income from last year and tell us how much in income taxes you paid and we will see that you did not pay 36% or even 35% in income tax.
My income is not for public display....but if you are seruious with this question, then you are making it quite clear that you do not understand the tax codes...how they work, etc.
My take home income is well below 60% of my gross now that my mortage is paid off and my children are out of the house.
It seems fair to me as the rich receive more tax cuts than the rest of us. For example, they've enjoyed lower rates on investment income that most receive on actual employment income.
They've had a nice ride for years maybe it is time for them to put some money into the country that enabled them to thrive.
How can you even compare tax cuts on investment earning to tax cuts on income? What's your argument here? That because you can't afford to invest in something it is morally justified to tax the hell out of the investment earnings of those that can? How fucking ridiculous or you?
And a lot of the rich got richer gambling that our economy would go down.
When you buy stock from another individual, you are not investing in that company. You are just trading baseball cards.
Tell you what. Tell us your income from last year and tell us how much in income taxes you paid and we will see that you did not pay 36% or even 35% in income tax.No one pays 36% of their income as tax.
Highest INCOME tax bracket is 35% (if I am not mistaken and please correct me if I am wrong)... HOWEVER... more than 35% of my personal in come is taken in taxes.... federal tax, state tax, local tax, property tax, sales tax, gas tax, entertainment tax, hotel tax, social security tax, medicare tax, gift tax, transfer tax, and numerous other excise taxes....
How can you even compare tax cuts on investment earning to tax cuts on income? What's your argument here? That because you can't afford to invest in something it is morally justified to tax the hell out of the investment earnings of those that can? How fucking ridiculous or you?
And a lot of the rich got richer gambling that our economy would go down.
When you buy stock from another individual, you are not investing in that company. You are just trading baseball cards.
Have you ever taken a serious class in economics? Do you know what the hell you are talking about??
Then you're an idiot. Anyone that pays that kind of income tax doesn't take advantage of the numerous shelters and deductions available to them.My income is not for public display....but if you are seruious with this question, then you are making it quite clear that you do not understand the tax codes...how they work, etc.
My take home income is well below 60% of my gross now that my mortage is paid off and my children are out of the house.
And by the way...name caller.....I take advantage of every deduction the law allows.
But I am not keen on tax sheltewrs as many of them are shady and many of them fall flat on their face in the end.
I guess I dont like to lose money and then blame the "tax shelter"...I am respojnsible for my own financial decisions....and I find it humorous that my safe investing makes me stupid in the eyes of a liberal.
Unless you take absolutely no deductions your income tax rate is nowhere near 30%...so you are either an idiot or a liar.And a lot of the rich got richer gambling that our economy would go down.
When you buy stock from another individual, you are not investing in that company. You are just trading baseball cards.
Have you ever taken a serious class in economics? Do you know what the hell you are talking about??
How much money does say Kodak get when I buy a share of their stock on the market which was sold by Joe the Plumber?
And a lot of the rich got richer gambling that our economy would go down.
When you buy stock from another individual, you are not investing in that company. You are just trading baseball cards.
Have you ever taken a serious class in economics? Do you know what the hell you are talking about??
How much money does say Kodak get when I buy a share of their stock on the market which was sold by Joe the Plumber?
Economics training is out of date. How many of our economics experts saw this crash coming even 1 year before it happened?
Then you're an idiot. Anyone that pays that kind of income tax doesn't take advantage of the numerous shelters and deductions available to them.
And by the way...name caller.....I take advantage of every deduction the law allows.
But I am not keen on tax sheltewrs as many of them are shady and many of them fall flat on their face in the end.
I guess I dont like to lose money and then blame the "tax shelter"...I am respojnsible for my own financial decisions....and I find it humorous that my safe investing makes me stupid in the eyes of a liberal.
It isn't an error at all. It's the difference between working hard and working smart.
It's more a matter of the difference between working and not working. There is nothing of value provided by an economic oligarchy, and no substantive labor contribution made by those who simply hoard wealth and access to productive resources to lend it out and benefit from usury as they will without doing anything else.
That is crap. OASI and Medicare/Medicaid taxes hit everyone. Hard, unless you earn a lot. There is no withholding or minimum level needed to get hit. Nope every penny you earn, right up to the maximum, is TAXED by that particular government scam. Have no doubt it is a scam. The person who worked hard and saved, all the while being taxed taxedtaxed by Social Security (twice because the employer co-pay is effectively wages he will never offer the employee) and managed to secure a comfortable retirement now is told they are too rich to get their Social Security benefit because Congress can't control their urge to spend ever more.Tell you what. Tell us your income from last year and tell us how much in income taxes you paid and we will see that you did not pay 36% or even 35% in income tax.No one pays 36% of their income as tax.
Highest INCOME tax bracket is 35% (if I am not mistaken and please correct me if I am wrong)... HOWEVER... more than 35% of my personal in come is taken in taxes.... federal tax, state tax, local tax, property tax, sales tax, gas tax, entertainment tax, hotel tax, social security tax, medicare tax, gift tax, transfer tax, and numerous other excise taxes....
Have you ever taken a serious class in economics? Do you know what the hell you are talking about??
How much money does say Kodak get when I buy a share of their stock on the market which was sold by Joe the Plumber?
I will not get into the depth of stcocks.,....
But the value put on the stock is what is at issue....so no...Kodak (LMAO...of all companies to use)...does not make actual money...but what you pay for it when Joe sells it is quite important to Kodaks value as a company...its creditworthiness....its liquidity...and thus its borrowing power...and ability to grow and compete.
You really need a lesson in basic economics. You are so out of your league riught now you are looking like truthmatters
We were discussing federal income taxes, not ss and medicare.That is crap. OASI and Medicare/Medicaid taxes hit everyone. Hard, unless you earn a lot. There is no withholding or minimum level needed to get hit. Nope every penny you earn, right up to the maximum, is TAXED by that particular government scam. Have no doubt it is a scam. The person who worked hard and saved, all the while being taxed taxedtaxed by Social Security (twice because the employer co-pay is effectively wages he will never offer the employee) and managed to secure a comfortable retirement now is told they are too rich to get their Social Security benefit because Congress can't control their urge to spend ever more.Tell you what. Tell us your income from last year and tell us how much in income taxes you paid and we will see that you did not pay 36% or even 35% in income tax.Highest INCOME tax bracket is 35% (if I am not mistaken and please correct me if I am wrong)... HOWEVER... more than 35% of my personal in come is taken in taxes.... federal tax, state tax, local tax, property tax, sales tax, gas tax, entertainment tax, hotel tax, social security tax, medicare tax, gift tax, transfer tax, and numerous other excise taxes....
If you read back I was replying to Myst or whomever that was claiming people paid 36% in income taxes.Actually Ravi... they way you stated it was about how much of a person's income was taken in taxes.. not just limited to income tax
How much money does say Kodak get when I buy a share of their stock on the market which was sold by Joe the Plumber?
I will not get into the depth of stcocks.,....
But the value put on the stock is what is at issue....so no...Kodak (LMAO...of all companies to use)...does not make actual money...but what you pay for it when Joe sells it is quite important to Kodaks value as a company...its creditworthiness....its liquidity...and thus its borrowing power...and ability to grow and compete.
You really need a lesson in basic economics. You are so out of your league riught now you are looking like truthmatters
Ahh but I saw the crash coming before the eggspurts did.
I played the market made good money then moved to gold eagles and safe investments before it all fell apart.
I lost not one dime because of the fall.
How many of those experts did that well?
talk all you want but the proof is in the pudding.
If you read back I was replying to Myst or whomever that was claiming people paid 36% in income taxes.Actually Ravi... they way you stated it was about how much of a person's income was taken in taxes.. not just limited to income tax
