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Whats so wrong with being successful??
Besides, creating wealth is not a bad thing.
IMO, in modern times the government is guilty of racketeering.
Dude... you aren't paying attention to your surroundings.
There's nothing "Wrong" with being successful. What is wrong is fucking the country to GET SUCCESSFUL!!!
Which the way a hell of a lot of these have gotten their Huge jumps in personal Income. By taking it away from the populous... By Outsourcing, By Corporate Welfare and gerrymandering, by convincing people like you that THEY ARE JUST LIKE YOU!
They are good at it too. How much you think they pay Rush and his fellow goons to shout from the rooftops what I personally feel is a masterfully designed Marketing campaign to talk a large chunk of people into voting away from their own self interest and voting for even more power into their hands?
They know what they're doing.... you are the one who bought it hook line and sinker. They tell you that any taxation and regulation is SOCIALISM! That's a good, scary word... COMMUNISM... there's another one.
Because they know you don't have the brains in your head to really understand the concept of OLIGARCHY or PLUTOCRACY.... those are relatively new terms to the mainstream, so they don't scare you like SOCIALISM and COMMUNISM.
I give up...and I really don't mean to pick on you alone... sorry about that. You were just the guy I responded to.
Let me ask a simple question... How much is enough? How much control and power over us do they have to have before you realize that unabated Capitalism is JUST AS BAD as unabated SOCIALISM OR COMMUNISM?
When will you guys realize that we need both. Both of those sides... Capitalism and Socialism keep things in balance. The real problem is... and I am not picking on one party or the other... is that we have given way too much control over our corporate structure and the banking industry. They have accumulated so much wealth and power that we are either AT or very near the same levels as the Robber/Baron days at the turn of the 20th Century.
They can do anything... and no one really questions it. Sure, every once in a while a Bernie Madoff gets inextricably caught and is punished... but never on the scale that it needs to be. Why? Fear... fear of losing jobs? Hell.... Jobs for people who USED to work in factories have already gone... sold to the lowest bidder in a country where the cost of living is incredibly lower than ours.
So what is it? How much is enough. Don't answer a question with a question, like I know you guys are apt to do... How much Governmental control is enough?... it's like I can read your fucking minds, isn't it? I'll tell you the answer to that when you guys answer mine honestly.
Whats so wrong with being successful??
Besides, creating wealth is not a bad thing.
IMO, in modern times the government is guilty of racketeering.
Dude... you aren't paying attention to your surroundings.
There's nothing "Wrong" with being successful. What is wrong is fucking the country to GET SUCCESSFUL!!!
Which the way a hell of a lot of these have gotten their Huge jumps in personal Income. By taking it away from the populous... By Outsourcing, By Corporate Welfare and gerrymandering, by convincing people like you that THEY ARE JUST LIKE YOU!
They are good at it too. How much you think they pay Rush and his fellow goons to shout from the rooftops what I personally feel is a masterfully designed Marketing campaign to talk a large chunk of people into voting away from their own self interest and voting for even more power into their hands?
They know what they're doing.... you are the one who bought it hook line and sinker. They tell you that any taxation and regulation is SOCIALISM! That's a good, scary word... COMMUNISM... there's another one.
Because they know you don't have the brains in your head to really understand the concept of OLIGARCHY or PLUTOCRACY.... those are relatively new terms to the mainstream, so they don't scare you like SOCIALISM and COMMUNISM.
I give up...and I really don't mean to pick on you alone... sorry about that. You were just the guy I responded to.
Let me ask a simple question... How much is enough? How much control and power over us do they have to have before you realize that unabated Capitalism is JUST AS BAD as unabated SOCIALISM OR COMMUNISM?
When will you guys realize that we need both. Both of those sides... Capitalism and Socialism keep things in balance. The real problem is... and I am not picking on one party or the other... is that we have given way too much control over our corporate structure and the banking industry. They have accumulated so much wealth and power that we are either AT or very near the same levels as the Robber/Baron days at the turn of the 20th Century.
They can do anything... and no one really questions it. Sure, every once in a while a Bernie Madoff gets inextricably caught and is punished... but never on the scale that it needs to be. Why? Fear... fear of losing jobs? Hell.... Jobs for people who USED to work in factories have already gone... sold to the lowest bidder in a country where the cost of living is incredibly lower than ours.
So what is it? How much is enough. Don't answer a question with a question, like I know you guys are apt to do... How much Governmental control is enough?... it's like I can read your fucking minds, isn't it? I'll tell you the answer to that when you guys answer mine honestly.
Funnel money to the top percent and then cut wages and benefits for the working poor...it's wrong on so many levels.
Why does the GOP insist on wealth redistribution through tax breaks for the wealthy and then complain that a fair tax rate would amount to wealth redistribution?
Why does the left insist on punishing success and rewarding lack of effort?
Oh, yeah. To get people to vote for them. Kerry on.
You are a liar, no one punishes success and rewards lack of effort, just a line (lie) to push your agenda and it's losing its appeal even to the masses these days.Why does the left insist on punishing success and rewarding lack of effort?
If only people like you understood that wealth is NOT finite but infinite.
On a different note, that is probably one of the biggest problems with the gold standard. There IS a finite amount of gold..
Consquenses like increased revenue?
Don't we need to increase revenue?
Or are you suggesting that there is some kind of threat in the offing?
Go back and read what I've written in this thread about the consequences of raising taxes. I don't feel like repeating myself.
Taxes are the lowest they've ever been. The "consequence" to raising them a little bit would be a smaller deficit.
Its a gray matter to you bc you don't know shit. Read the tax code, its black and white.
It can easily be proven WRONG.
National Taxpayers Union - Who Pays Income Taxes?
97.30% of taxes are paid by people making over 33048 AGI. Sorry but 33048 AGI isn't "wealthy" by any means shit for brains.
You don't know what the fuck you're talking about...
You're trying to tell me I don't have a choice in withholding when I absolutely do..
If I really wanted to I could withhold a ton, if I really wanted to I could withhold pretty much nothing.
It all depends how you fill out the fucking 1040...
You don't fill out a 1040 for withholding, you fill out a W4.
I'm not even going to bother to hurl insults anymore, its not worth it. Shooting fish in a barrel would be relatively challenging in comparison.
And BTW, children your age shouldn't be cursing. I know its something grown ups do alot, but you should try to avoid it if you're a child.
Consquenses like increased revenue?
Don't we need to increase revenue?
Or are you suggesting that there is some kind of threat in the offing?
Go back and read what I've written in this thread about the consequences of raising taxes. I don't feel like repeating myself.
Taxes are the lowest they've ever been. The "consequence" to raising them a little bit would be a smaller deficit.
Quite frankly we should have a "consumption tax" system.
Tax everything but necessities at 20%.
States wont like that because their little sin-tax bullshit goes out the window on some products.
A pack of cigarettes in Chicago would go from 12 dollars a pack down to 3 dollars.
You mean GOPers like Lawrence Summers, Chris Dodd, and Bill Clinton?
Rich liberals got that way from hard work, determination, skill, and the kindness and grace of a beneficient Gaea. Rich conservatives got that way from lying, cheating, stealing, and whipping poor children in sweatshops.
well, i was referring to the fact that the deregulation happened under Clinton with Summers' approval. the Glass Steagall repeal being the centerpiece.
Glass
You don't know what the fuck you're talking about...
You're trying to tell me I don't have a choice in withholding when I absolutely do..
If I really wanted to I could withhold a ton, if I really wanted to I could withhold pretty much nothing.
It all depends how you fill out the fucking 1040...
You don't fill out a 1040 for withholding, you fill out a W4.
I'm not even going to bother to hurl insults anymore, its not worth it. Shooting fish in a barrel would be relatively challenging in comparison.
And BTW, children your age shouldn't be cursing. I know its something grown ups do alot, but you should try to avoid it if you're a child.
Payments - Preparing Your 1040 Step 9
Tax Form 1040 Essentials - Resources for Preparing Form 1040
Here you go...
So which is the major factor in your withholding??
Form W-4 is a tax form used by the United States Internal Revenue Service. The form is used by employers to determine the correct amount of tax withholding to deduct from employees' wages. Ideally, this amount will exactly equal the annual tax due on the 1040 series related to employment compensation, though in reality, many times it is off by a substantial amount.
If I really wanted to I could withhold a ton, if I really wanted to I could withhold pretty much nothing.
The adjusted gross income of the wealthiest 400 taxpayers jumped 277 percent in real terms between 1992 and 2008, nearly four times the increase for everyone else. Over that same period, the effective tax rate on the richest 400 taxpayers (note: not necessarily the same people year-to-year) fell from 30 percent in 1995 to the 18 percent rate in 2008
TaxVox » Blog Archive » The Very Rich Really Are Different
The underlying assumption that a high tax rate would have resulted in the same 277% increase income as did the lower tax rate is specious. High tax rates discourage risk taking. So, if your objective is to make the Wealthy Less Wealthy, then by all means, increase taxes, slow down economic growth, and destroy the environment for job creation which was spurred in the actual scenario.
every time MY bills go up, I work harder - sometimes to the point of a second job.
If only people like you understood that wealth is NOT finite but infinite.
Has school already let out for the summer where you are at?
On a different note, that is probably one of the biggest problems with the gold standard. There IS a finite amount of gold..
Yeah, right, besides the occasional long periods of deflation that are associated with a gold standard that cause farms and businesses to have to close up shop - that's the biggest problem
Why not?
AGI isn't based on your skin color or anything you were born with and can't change.
You don't fill out a 1040 for withholding, you fill out a W4.
I'm not even going to bother to hurl insults anymore, its not worth it. Shooting fish in a barrel would be relatively challenging in comparison.
And BTW, children your age shouldn't be cursing. I know its something grown ups do alot, but you should try to avoid it if you're a child.
Payments - Preparing Your 1040 Step 9
Tax Form 1040 Essentials - Resources for Preparing Form 1040
Here you go...
So which is the major factor in your withholding??
You fill out the W4 for withholding.
Sorry dude.
Form W-4 is a tax form used by the United States Internal Revenue Service. The form is used by employers to determine the correct amount of tax withholding to deduct from employees' wages. Ideally, this amount will exactly equal the annual tax due on the 1040 series related to employment compensation, though in reality, many times it is off by a substantial amount.
IRS tax forms - Wikipedia, the free encyclopedia
You would enter the amount of withholding on the 1040 - yes - but you can't just make up whatever number you want, its the amount that your W2 says was withheld, its not anything you want as you have saidIf I really wanted to I could withhold a ton, if I really wanted to I could withhold pretty much nothing.
Maybe, maybe not. So you raise taxes on the wealthy and you get an extra 70 billion a year.
about 5% good? So that's about 1/10th the amount of tax hikes we'll need if we do a 50/50 tax hike/spending cut mix. The rest should come from a tax hike on all Americans, I'm not at all saying the rich should bear the entire burden of the necessary hike, that's neither practical nor moral.But even so, what the hell good does it do to lower the deficit from 1.6 trillion to 1.53 trillion?
The money is spent right back into the economy by government. If a man would spend $1,000 buying golf supplies, but instead its taken by government and spent on food stamps and hence - food - that doesn't take $1000 out of the economy, it just moves it from golf supplies to food. Whether or not its better for the overall economy to have money spent on food instead of golf supplies is certainly a complicated question to answer, it would depend on a zillion different factors - but your assumption that it would always be bad for the economy is FALSE.Do you not understand that the only way out of this debt is to grow the economy and create more jobs? And that raising taxes on anybody is counter productive in that effort?
The underlying assumption that a high tax rate would have resulted in the same 277% increase income as did the lower tax rate is specious. High tax rates discourage risk taking. So, if your objective is to make the Wealthy Less Wealthy, then by all means, increase taxes, slow down economic growth, and destroy the environment for job creation which was spurred in the actual scenario.
I
You'd think if a millionaire got a new tax bill to pay, that would be the time to put another iron in the fire and see if he can't hire some folks to make him a little more dough.
I also know that whenever I get a a little bonus or a bullshit tax holiday, I do the American thing and spend it. Usually on fuel to get to work.
Why do conservatives and libertarians cry for the rich, do you really think they need your tears? Or your assist? The well to do should pay their fair share, they do fine and since they benefit most from the society that supports them and from the consumers, each of us, who are the primary support of a robust economy, they too should pay, not hide behind you wingnuts and your inane analogies which ignore reality.
"The vast majority of academic studies on who becomes rich have found that intelligence and merit are only a part of the reason -- social factors play a huge role as well. Studies of Fortune 500 companies have found that American executives are seeing exploding pay, but there is no correlation between their pay and a company's profitability. In fact, companies with the greatest inequality of pay suffer worse product quality. And many studies have found that societies with the greatest equality generally enjoy the fastest rates of economic growth.
Many conservatives and libertarians defend the current levels of income inequality on the basis of merit. They claim the rich got rich because they worked harder, longer or smarter than the rest. However, researchers have conducted a vast number of empirical studies on what factors contribute to success, and in what proportion. A classic example of one of these studies is the 1972 book Inequality, by Christopher Jencks. (1) And these studies show that the meritocrat's position is not just arguably wrong, but clearly wrong." The rich get rich because of their merit.
"On moral grounds, then, we could argue for a flat income tax of 90 percent to return that wealth to its real owners. In the United States, even a flat tax of 70 percent would support all governmental programs (about half the total tax) and allow payment, with the remainder, of a patrimony of about $8,000 per annum per inhabitant, or $25,000 for a family of three. This would generously leave with the original recipients of the income about three times what, according to my rough guess, they had earned."UBI and the Flat Tax
As far as the super rich, they only make those enormous sums because of the state, so they are only morally entitled to an enormous sum, but not an absurd sum. The Conservative Nanny State
"Responsible Wealth, a project of United for a Fair Economy, is a network of over 700 business leaders and wealthy individuals in the top 5% of income and/or wealth in the US who use their surprising voice to advocate for fair taxes and corporate accountability. If you're in the top 5% (over $200,000 household income and/or over $1 million net assets) and you care about economic justice, please join Responsible Wealth today!" Responsible Wealth | United for a Fair Economy
I buy a product for a dollar and sell it to you for two dollars - I just created a dollar out of thin air...
Thats another dollar the Fed will have to print eventually.. Hence I just created wealth.
Which the way a hell of a lot of these have gotten their Huge jumps in personal Income. By taking it away from the populous... By Outsourcing, By Corporate Welfare and gerrymandering, by convincing people like you that THEY ARE JUST LIKE YOU!
They are good at it too. How much you think they pay Rush and his fellow goons to shout from the rooftops what I personally feel is a masterfully designed Marketing campaign to talk a large chunk of people into voting away from their own self interest and voting for even more power into their hands?
It treats some differently than others.
What?AGI is something we are born with as our talents are a result of genetics and parentage.
