Spread the Wealth

[Care4all]

Their Constitutional duty? WHAT on Earth would they know about THAT? And just who made it their "Constitutional duty"? THEY did.

Has nothing to do with unfair taxation.

what i am referring to gunny is the house of reps duties to appropriate....

any of that appropriation, is the appropiation of money they TOOK from you and me, via taxation....and with my money, they decide who is going to get it...

they took it from me, to give it to someone else...they took my wealth and they gave it to someone else who benefited from it, whether that someone was Halliburton employees or ceos or your senators salary or your representatives healthcare plan or my father's health care benefits or pension that he receives from the government...this is wealth of mine that is a part of a redistribution to someone else.

It IS what our government does, specifically the responsibility of the House of Representatives.

And OF COURSE this should not mean that this gives them free reign to spend on unsound things or things not within their constitutional duties, which Congress imho has been doing for the last 100 years, worse the last decade or 2...

But it is a redistribution of wealth, even if they did just spend on legitimate programs imo....

this is what i was trying to say...

care

 

[GigiBowman]

what i am referring to gunny is the house of reps duties to appropriate....

any of that appropriation, is the appropiation of money they TOOK from you and me, via taxation....and with my money, they decide who is going to get it...

they took it from me, to give it to someone else...they took my wealth and they gave it to someone else who benefited from it, whether that someone was Halliburton employees or ceos or your senators salary or your representatives healthcare plan or my father's health care benefits or pension that he receives from the government...this is wealth of mine that is a part of a redistribution to someone else.

It IS what our government does, specifically the responsibility of the House of Representatives.

And OF COURSE this should not mean that this gives them free reign to spend on unsound things or things not within their constitutional duties, which Congress imho has been doing for the last 100 years, worse the last decade or 2...

But it is a redistribution of wealth, even if they did just spend on legitimate programs imo....

this is what i was trying to say...

care

Well, it depends who YOU voted into congress in your district. It depends who you voted into the house...right?

Because if I had voted Ron Paul into my district....you could be sure that any moneys "spent" out there would have been voted on by a man who actually read the bill and who would not spend my money for unconstitutional
entities....and that would include The Department of Education and Undeclared Wars.....or Bailouts

If you don't have the right kind of congressperson in your district to vote how you, his/her constituant deems fit.....then get one in! Help make this a better nation by dumping the incumbants and helping to get someone in office who actually follows the CONSTITUTION Of the United States of America.....

seems the governemnt has forgotten that we have a Constitution

 

[Care4all]

Well, it depends who YOU voted into congress in your district. It depends who you voted into the house...right?

Because if I had voted Ron Paul into my district....you could be sure that any moneys "spent" out there would have been voted on by a man who actually read the bill and who would not spend my money for unconstitutional
entities....and that would include The Department of Education and Undeclared Wars.....or Bailouts

If you don't have the right kind of congressperson in your district to vote how you, his/her constituant deems fit.....then get one in! Help make this a better nation by dumping the incumbants and helping to get someone in office who actually follows the CONSTITUTION Of the United States of America.....

seems the governemnt has forgotten that we have a Constitution

Ron Paul is an anomaly...

in all other states, the candidates that are running, whether republican or democratic, are all of the same cloth.

There is no choice, both sides will have their favorite spending areas with no consideration of the constitution...

the game is fixed before one goes in the voting booth on election day imho...

Care

 

[sealybobo]

Bullshit. You advocate legalized theft. Taking from people what they have earned without their consent. You want to take from those who get their asses out there and earn the shit and redistribute it to those who don't. There's NOTHING fair about that, but then why would I expect that from the left?

Like everything else, you lefties just look for a way to get something without having to earn it.

This has been your sides talking point for centuries. We live in a nation. A society. That means we are all in it together. We aren't a country that says every man for himself. It's like an insurance company. You may pay your whole life and never get paid and I may make one payment and have to use it right away.

Imagine that Bill Gates paid the exact same amount of taxes that I do. Imagine how empty the treasury would be. And imagine if really poor people had to pay what I pay. They couldn't do it.

So the system we have where rich pay more and poor pay less is the best way to do it. Your way only works in a fantasy world.

And in your world, poor people do starve to death. Actually, in your perfect fantasy world, charity feeds them all when they are hungry and shelters all of them when it's cold. But that's not reality.

And you are soooo scared some welfare mom is sitting in a nice home with a big screen tv and she's rolling around in the money you worked for. But the fact is, some people need welfare. I don't want to cut off the people that need it. But that's someone else's money you say? That's right. That's how it works in America. We take care of people that can't take care of themselves. Do some people take advantage of the system? Sure, but many of them are RICH!

And the rich do dodge all kinds of taxes. I'll say it again. I work with a book that's called "tax economics of charitable giving". It is only meant for rich people. I wonder why you and I can't take advantage of ANY of the tips that book gives high net worth investors/donors? Hmmm?

You are a smart man clearly, but you have a lot to learn. And, you need to have more of a heart man.

 

[GigiBowman]

Ron Paul is an anomaly...

in all other states, the candidates that are running, whether republican or democratic, are all of the same cloth.

There is no choice, both sides will have their favorite spending areas with no consideration of the constitution...

the game is fixed before one goes in the voting booth on election day imho...

Care

Not if the American People start taking part....and waking up....and voting out the crap (For instance --not reelecting anyone who voted for the bailout etc)....Any American can run for congress. Any amount of people can gather together and make a difference and nominate someone who they KNOW will follow the constitution. Help them, donate money to them, work to get their name out in pubic....

Why is it that most American's sit back and bitch...but won't go out there and work to take down the criminals and make this a great country once again?

Instead of doing something about it....they get handed someone like The Obama by an Oprah and fall for the next line of BS coming out of the mouth of just another Unconstitutional voting machine....

so the O will have it and we'll lose our right to bear arms as he makes sure the Federal Government is even more entrenched in our daily lives.

That is not what this REPUBLIC was founded on!

There are people out there who can do a better job! You have to believe in your fellow Americans!

Ron Paul started the Campaign for Liberty for that Just reason....to help people get into governement who stand by the constitution! 2008 Federal Liberty Candidates One
Campaign For Liberty — Home

It's time for American's to wake up and take back their country.

What will it take to make this happen?

 

[glockmail]

The democrats had to bail out Wall St. It was the Republicans and their de-regulation of the markets that put us in this mess.

Talking points from Barney Fag.

 

[user_name_guest]

Simple economics. Taxes go up, revenue goes down. Prices go up, revenue goes down.

Rich people are better off because they were given tax cuts. Well, if you think about it, they made money using their head. If they could save $$$ from tax cuts, they can turn that $$$ and make it into $,$$$ with investing. They pay 70% of the taxes anyway. Yet, the people below them, put into classes (poor, middle class, blue collar, racial, political), get less $ from their tax cuts because they make <$$$ less than the rich.

Person A makes $10,000. Person B makes $100,000. Person C makes $1,000,000. They receive 5% (person C, only 4% since taxes declined 39% from 2000 to 35% now) reduction in their taxes as a result of a tax cut.

A: 5% decline on someone making $10,000 = $500
B: 5% decline on someone making $100,000 = $5,000
C: 4% decline on someone making $1,000,000 = $40,000.

That's unfair, $40,000 tax savings to person C. Well, what's unfair is that he makes $1,000,000 because he has the skill and is demanded by a company who would pay him that much so he can make them money (according to sealybobo and any liberal). Of course, the correlation is, he makes $1,000,000, he pays more. If he gets a tax cut, he'll get more out of it. But because he is smart, $40,000 he saved in taxes generates more wealth compared to someone making $10,000 per year and $100,000 per year (there is a reason why athletes make millions and people like sealybobo make $0." His wealth goes into investment which leads to the creation of jobs since you need them to make money. You can't do it yourself. But remember, people like person C is responsible for a majority of government revenue. Person C makes $1,000,000 and also pays more than the combined taxes from Person A ($10k) and B ($100k).

If Obama is going to raise taxes, he then should raise it to the level of the Clinton years for people making $250k up. Has he said how much? I haven't heard it. "Let's tax the rich" has been used since 1894 when they tried to pass tax legislation to go after the rich folks. You can't be a change agent using the same kind of election tactics. Remember, if he increases tax rates, bring them back to the levels of the Clinton years. Otherwise, anything above won't do this economy good.

Bottom-up. You kidding me. It's like telling Joe the Plummer to start a business and hand me a paycheck while you are at it. Only to find out Joe the Plummer business ended as soon as it started and you basically earned nothing but a waste of couple of days. People who are rich have businesses that are successful and generate wealth. They get most of it because they are the ones who took on the risk. Maybe if you started a company like Google and made it successful like its founders did, you could earn wealth. However, you have a good chance of failing. So think about rewards. Higher the risk, higher the reward. It's a perfect system. Everyone can join it. Google, Apple started out in garages. After a decade, they are worth billions. You don't see that in a socialist nation where only government and its closest allies benefit.

 

[user_name_guest]

Rich dodge taxes? The tax law provides loopholes to allow it to happen. Democrats, Republicans, you named it, write the laws. Those loopholes provide ways to benefit society. They are incentive. If you put your money elsewhere like clean energy, we will give you a tax credit (form of corporate welfare), but as a result of positive externalities. There is crooked people from any class. Medicare fraud for example, where hospitals pick up homeless people to get medical treatment so that hospital could earn income. Wait, that's a non-profit organization dodging income paid for by the taxpayers. If something as friendly as a hospital could do it, some rich folks could cheat the system. Of course, IRS looks for them since it's a big payday. If they avoided paying millions of dollars, IRS would go after them rather than someone like Joe the Plummer if he were to avoid paying $1,000.

This has been your sides talking point for centuries. We live in a nation. A society. That means we are all in it together. We aren't a country that says every man for himself. It's like an insurance company. You may pay your whole life and never get paid and I may make one payment and have to use it right away.

Imagine that Bill Gates paid the exact same amount of taxes that I do. Imagine how empty the treasury would be. And imagine if really poor people had to pay what I pay. They couldn't do it.

So the system we have where rich pay more and poor pay less is the best way to do it. Your way only works in a fantasy world.

And in your world, poor people do starve to death. Actually, in your perfect fantasy world, charity feeds them all when they are hungry and shelters all of them when it's cold. But that's not reality.

And you are soooo scared some welfare mom is sitting in a nice home with a big screen tv and she's rolling around in the money you worked for. But the fact is, some people need welfare. I don't want to cut off the people that need it. But that's someone else's money you say? That's right. That's how it works in America. We take care of people that can't take care of themselves. Do some people take advantage of the system? Sure, but many of them are RICH!

And the rich do dodge all kinds of taxes. I'll say it again. I work with a book that's called "tax economics of charitable giving". It is only meant for rich people. I wonder why you and I can't take advantage of ANY of the tips that book gives high net worth investors/donors? Hmmm?

You are a smart man clearly, but you have a lot to learn. And, you need to have more of a heart man.

 

[Turboswede]

Simple economics. Taxes go up, revenue goes down. Prices go up, revenue goes down.

Rich people are better off because they were given tax cuts. Well, if you think about it, they made money using their head. If they could save $$$ from tax cuts, they can turn that $$$ and make it into $,$$$ with investing. They pay 70% of the taxes anyway. Yet, the people below them, put into classes (poor, middle class, blue collar, racial, political), get less $ from their tax cuts because they make <$$$ less than the rich.

Person A makes $10,000. Person B makes $100,000. Person C makes $1,000,000. They receive 5% (person C, only 4% since taxes declined 39% from 2000 to 35% now) reduction in their taxes as a result of a tax cut.

A: 5% decline on someone making $10,000 = $500
B: 5% decline on someone making $100,000 = $5,000
C: 4% decline on someone making $1,000,000 = $40,000.

That's unfair, $40,000 tax savings to person C. Well, what's unfair is that he makes $1,000,000 because he has the skill and is demanded by a company who would pay him that much so he can make them money (according to sealybobo and any liberal). Of course, the correlation is, he makes $1,000,000, he pays more. If he gets a tax cut, he'll get more out of it. But because he is smart, $40,000 he saved in taxes generates more wealth compared to someone making $10,000 per year and $100,000 per year (there is a reason why athletes make millions and people like sealybobo make $0." His wealth goes into investment which leads to the creation of jobs since you need them to make money. You can't do it yourself. But remember, people like person C is responsible for a majority of government revenue. Person C makes $1,000,000 and also pays more than the combined taxes from Person A ($10k) and B ($100k).

If Obama is going to raise taxes, he then should raise it to the level of the Clinton years for people making $250k up. Has he said how much? I haven't heard it. "Let's tax the rich" has been used since 1894 when they tried to pass tax legislation to go after the rich folks. You can't be a change agent using the same kind of election tactics. Remember, if he increases tax rates, bring them back to the levels of the Clinton years. Otherwise, anything above won't do this economy good.

Bottom-up. You kidding me. It's like telling Joe the Plummer to start a business and hand me a paycheck while you are at it. Only to find out Joe the Plummer business ended as soon as it started and you basically earned nothing but a waste of couple of days. People who are rich have businesses that are successful and generate wealth. They get most of it because they are the ones who took on the risk. Maybe if you started a company like Google and made it successful like its founders did, you could earn wealth. However, you have a good chance of failing. So think about rewards. Higher the risk, higher the reward. It's a perfect system. Everyone can join it. Google, Apple started out in garages. After a decade, they are worth billions. You don't see that in a socialist nation where only government and its closest allies benefit.

It is true that an across the board Federal Income Tax Cut may benefit all individuals proportionally in theory but here is a (simple) run down of how it works in practice and I don’t think Taxpayer C is necessarily smarter in investing, I think he has more discretionary income to invest.

Taxpayer A (at $10K) never actually received a tax cut as he is below the single exemption level and will be subject to the standard 15.4% payroll rate regardless of what the FIT rate is. In addition if Taxpayer A commutes there will be a significant (to Taxpayer A) gas tax of $.184 per gallon.
Assuming gas is $3.00 per gallon and Taxpayer A uses 65 gallons per month (taxpayer A’s car is probably a gas guzzler) that works out to a total annual tax of 1.8% of A’s Gross income (or $180)

Taxpayer A does not benefit one penny from a 5% decrease in FIT rates so long as Payroll and gas taxes remain constant.

The Tax rate A is paying is (15.4+1.8) or 17.2% of Gross Income

Taxpayer B receives some of the benefit as he is just about the SSI wage base he is still subject to the 15.4% payroll tax and has an AGI of probably $100,000-$40,000 (deductions & credits) $60,000 so he will receive a (5% x $60,000) $3,000 benefit from the tax cut.

Gas taxes impact B but in a much lesser way, B’s assuming B pays a little less that A in annual gas (08 vs. 88 Honda Accord so say $150) that’s an additional .15%.

Assuming that B was in a 25% bracket and is now in a 20% bracket that means he is paying:
FIT (20% of $60,000 AGI) $12,000
SS (15.4% of $100,000) $15,400
Gas Taxes $150
Total Fed Tax $27,550
Percentage of Gross Income paid in Fed Tax 27.55%

Taxpayer C receives the lion’s share of the benefit, assuming he works for a living and receive the full $1M as wage income he will have topped out the SST base at 1.26% in addition, there is so much fuel one person can consume so the percentage of Taxpayer C’s income going to that consumption tax is much lower.

Assuming that C was in a 35% bracket and is now in a 30% bracket that means he is paying:
FIT (30% of $850,000 AGI) $255,000
SS (15.4% of $102,000) $15,700
Gas Taxes $150
Total Fed Tax $270,850

Percentage of Gross Income paid in Fed Tax 27.08%
Assuming that Taxpayer C does not defer any of his income and it is all paid as wages (which is a stupid way of doing it) a 5% tax cut on an AGI of say $850,000 ($1M - $150k in deductions) is worth $42,500. If Taxpayer C is financially conservative he can invest in a number of $10,000 CDs that pay 4.5% as Taxpayer C has much more discretionary income.

 

[Turboswede]

Rich dodge taxes? The tax law provides loopholes to allow it to happen. Democrats, Republicans, you named it, write the laws. Those loopholes provide ways to benefit society. They are incentive. If you put your money elsewhere like clean energy, we will give you a tax credit (form of corporate welfare), but as a result of positive externalities. There is crooked people from any class. Medicare fraud for example, where hospitals pick up homeless people to get medical treatment so that hospital could earn income. Wait, that's a non-profit organization dodging income paid for by the taxpayers. If something as friendly as a hospital could do it, some rich folks could cheat the system. Of course, IRS looks for them since it's a big payday. If they avoided paying millions of dollars, IRS would go after them rather than someone like Joe the Plummer if he were to avoid paying $1,000.

Since 2000 the IRS has focused its audit emphasis on individuals who apply for the EITC. The audit process was so one sided that the IRS began to fund the Voluntary Income Tax Assistance (VITA) program so that law & accounting students could help represent ETIC applicants on audit. While utilizing IRS resources to go after the “big payday” might make fiscal sense, the policy has been to scrutinize the claims of the lowest income working individuals as they are just easier targets.

 

[sealybobo]

Rich dodge taxes? The tax law provides loopholes to allow it to happen. Democrats, Republicans, you named it, write the laws. Those loopholes provide ways to benefit society. They are incentive. If you put your money elsewhere like clean energy, we will give you a tax credit (form of corporate welfare), but as a result of positive externalities. There is crooked people from any class. Medicare fraud for example, where hospitals pick up homeless people to get medical treatment so that hospital could earn income. Wait, that's a non-profit organization dodging income paid for by the taxpayers. If something as friendly as a hospital could do it, some rich folks could cheat the system. Of course, IRS looks for them since it's a big payday. If they avoided paying millions of dollars, IRS would go after them rather than someone like Joe the Plummer if he were to avoid paying $1,000.

-- Lehman Brothers Holdings Inc., UBS AG and Merrill Lynch & Co. are among Wall Street firms that concocted derivatives and stock-loan deals to help offshore hedge funds dodge hundreds of millions of dollars in U.S. taxes, according to a U.S. Senate committee investigation.

The Internal Revenue Service looked the other way while securities firms sold complicated financial products designed to skirt a law requiring them to withhold U.S. taxes on stock dividends paid to offshore investors, said Senator Carl Levin, chairman of the Permanent Subcommittee on Investigations.

Bloomberg.com: Worldwide

 

[sealybobo]

Since 2000 the IRS has focused its audit emphasis on individuals who apply for the EITC. The audit process was so one sided that the IRS began to fund the Voluntary Income Tax Assistance (VITA) program so that law & accounting students could help represent ETIC applicants on audit. While utilizing IRS resources to go after the “big payday” might make fiscal sense, the policy has been to scrutinize the claims of the lowest income working individuals as they are just easier targets.

Did you hear about the IRS outsourcing their debt collections? The cost of the outsourced debt collectors cost more than the money they recovered!!!

The Internal Revenue Service expects to lose more than $37 million by using private debt collectors to pursue tax scofflaws through a program that has outraged consumers and led to charges on Capitol Hill that the agency is wasting money for work that IRS agents could do more effectively.

Since 2006, the agency has used three companies to go after a $1 billion slice of the nation's unpaid taxes. Despite aggressive collection tactics, the companies have rounded up only $49 million, little more than half of what it has cost the IRS to implement the program. The debt collectors have pocketed commissions of up to 24 percent.

Now, as Americans file their 2007 taxes, Democratic leaders want to end the effort.

"This program is the hood ornament for incompetence," said Sen. Byron L. Dorgan (D-N.D.), a leading critic who has introduced a bill to stop the program. The measure has 23 co-sponsors, all but one of them Democrats. "It makes no sense at all to be turning over these tax accounts to private tax collectors that end up costing the taxpayers money."

Read more: http://www.washingtonpost.com/wp-dyn/content/article/20...

 

[Bern80]

No, you mistake my meaning. There are different degrees of success. People can be moderately successful or wildly successful depending on how they apply themselves. But a lot of people in this country will never get to the point where they can apply themselves simply because they are victims of a vicious cycle called poverty.

That it is true to an extent. What is also true is there is no surer way to stay stuck in that cycle then to label yourself a victim. When you do that you are absolving yourself of control. You have essentially decided that your fate is controlled by someone or something else and look to someone or something else to get you out of that. In short if you adopt the victim mentality you have pretty much doomed yourself.

 

[newpolitics]

No.. in a free society you do not NEED to redistribute the wealth... only to ensure the freedom and liberty that ensures that everyone has the opportunity to take advantage of their own decisions, efforts, choices, investments, education, training, employment choices, etc to have the ability to make whatever success they can...

The funny thing with freedom that uber-lefties do not get... is that freedom does not only bring the good things in life.... inherently with freedom you have the freedom to succeed and the freedom to fail.. the freedom to make both good and bad choices... the freedom to underachieve and overachieve.... the freedom to be lucky or unlucky (if you believe in luck)... if you love your freedom you embrace these facts and still support your freedoms even if you do not get the best result

We are not capable of being in a free system. Our greed, vanity, desire will always push others down and prop up few, creating an imbalance in wealth that we see now. The middle class has to be strenghethened, otherwise we're heading towards an aristocracy, and that is not very democratic. Humans are too greedy to be left to their own devices. As cynical as it may sound, we have to be regulated. We're not as awesome as we'd like to think.

 

[MalibuMan]

 

[irie]

You know RayBoy, I've been looking a this since McInsane started showing it.

We DO need to redistribute the wealth. Look at the bottleneck that has happened from the "trickle down theory" that has been promoted by 41 and 43. It's stagnant, because those at the top, don't want to let those down below have some.

Kinda like what happens with water when those at the top take most of the water, and the people at the bottom end up with a drought.

Nope......trickle down never works, but trickle up does. Check out the dude from India that won the Nobel Peace Prize for solving poverty in his country.

In case you weren't aware the dude in India loaned money without the government telling him to do so. Furthermore I find it repugnant that after years of hard work, without benefit of government programs, I have finally achieved the "American dream" only to have a slick politician decide I am making too much money and need to give more. I am involved in several community programs, pay my taxes and tithe at church and still the Obama wants more. I suppose we should all just send in our pay checks and let the government send us our allowance. Wonder how much is enough.......

 

[Care4all]

In case you weren't aware the dude in India loaned money without the government telling him to do so. Furthermore I find it repugnant that after years of hard work, without benefit of government programs, I have finally achieved the "American dream" only to have a slick politician decide I am making too much money and need to give more. I am involved in several community programs, pay my taxes and tithe at church and still the Obama wants more. I suppose we should all just send in our pay checks and let the government send us our allowance. Wonder how much is enough.......

yeah? well guess what, obama did not give YOU this ECONOMY and continually whining as our government spends their money on unnecessary wars, on medicare pill bills with no ability to negotiate with the big PHARMA on bulk discounts, and the 40% growth in military industrial complex spending and pentegon and homeland security, and katrina and fricking TRILLION DOLLAR BAILOUTS that has caused this mess and we have now added 6 trillion to the national debt under this administration which is more debt than we had accumilated in America's history....devaluing the dollar, where it hits those with less money MUCH MUCH MUCH MORE than anyone who has "finally" made it to the big time....

you got HUGE tax break the past few years....that also was a part in causing this mess....i know you may not have asked for it, but you got it, while the rest in america struggles...sooooooooooo, guess what...it's YOUR TURN to contribute to the Country that MADE YOU WEALTHY with it's security.

besides, i can not believe that you and many others are BITCHING about obama's tax plan which is only $300 more in taxes on every $10,000 you would earn over your $250 grand NET figure....start paying SS taxes on every dime that you earn...can't wait for that to happen too...then you can be down here with the rest of us feeling the pain from the preference congress has given to the wealthy and wealthiest over the decades....

yes i am pissed, pissed at whiners who have it all...

care

 

[RetiredGySgt]

Uber my ass.

Look at how wages have stagnated and CEO's salaries have skyrocketed. Look at how the gap in incomes has increased.

The middle class is the engine that drives the economics of this Nation not a few rich trickle downs.

I have worked all my life, so don't give me the shit that I want something for nothing.


I am tired of those with money and power telling US to get screwed and those who support this shit.

So you would just let the government seize all the money over a certain amount that people had and then have them pick and chose who to give the money too?

There are several words for that. But the biggest is it is UNCONSTITUTIONAL. You may want to read that document again. Ohh I forgot, you don't care about laws or the Constitution, those are just for the sheep. You liberals are above the law and the Constitution.

 

[Care4all]

We are not capable of being in a free system. Our greed, vanity, desire will always push others down and prop up few, creating an imbalance in wealth that we see now. The middle class has to be strenghethened, otherwise we're heading towards an aristocracy, and that is not very democratic. Humans are too greedy to be left to their own devices. As cynical as it may sound, we have to be regulated. We're not as awesome as we'd like to think.

of course we have to be regulated, we are a nation of laws for a reason...our problem is that our gvt has regulated us in our personal behavior, but neglected to regulate the 'us' in the business sector....

why would our characters change from our personal lives to the business world?

not that i believe we couldn't exist without laws....many of us have the ethical ability to not harm others for our own self satisfaction, but as the saying goes, one bad apple spoils the bushel...

 

[Turboswede]

So you would just let the government seize all the money over a certain amount that people had and then have them pick and chose who to give the money too?

There are several words for that. But the biggest is it is UNCONSTITUTIONAL. You may want to read that document again. Ohh I forgot, you don't care about laws or the Constitution, those are just for the sheep. You liberals are above the law and the Constitution.

I agree with you that a 100% marginal income tax rate would be unconstitutional, but I think Rayboyusmc was pointing out how much Officers make in comparison to employees. There is a limit to what is considered “reasonable compensation” in the tax code of $1,000,000. Any more than that the corporation looses it’s deduction for compensation paid.

Thing is that the limit doesn’t matter if the corporation has been running at a loss and there is a performance compensation exception that everyone uses to provide comp in excess of $1M.