Who are Dems Fooling with this "Additional Revenues" Nonsense?

[kiwiman127]

Could you show me the portion of the Declaration that backs up your claim?

I believe he meant to say the Fourteenth Amendment

Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

.

Thanks for trying to help him out.
Does he know the Fourteenth Amendment isn't part of the Declaration?
Or that it doesn't, in fact, ensure equality?

From the Declaration of Independence
" We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed"

You posted the link but I guess you didn't bother to read the Declaration of Independence.

 

[ABikerSailor]

I'd like the rich and uber wealthy (as well as corporations), to pay the same 28 percent I (as well as most Americans) pay.

Or more........

 

[kiwiman127]

You said he shouldn't shoulder less responsibility.
I showed you the rate he pays, how is that less responsibility?

Good point. Problem is, as a majority of his income is via Captial Gains he isn't shouldering what Jan and Joe Mainstreat America are. This clealry points out how our system is shewed for the wealthy. Where's the equality?

You're right. The millions in taxes he pays shows he is shouldering much more than Jan and Joe Mainstreet are.
I believe the tax equality in the Constitution involved everyone paying the same amount.

"(Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons.) (The previous sentence in parentheses was modified by the 14th Amendment, section 2.)"

The United States Constitution - The U.S. Constitution Online - USConstitution.net

"You're right. The millions in taxes he pays shows he is shouldering much more than Jan and Joe Mainstreet are."
Now that's just plain spinning. Percentage-wise, Jan and Joe payed at a higher tax rate in taxes than Buffet based on their earnings. Therefore, they feel the pain of taxes more than Buffet because their after taxes income has been reduced at a higher rate percentage than Buffet.

 

[The Rabbi]

I believe he meant to say the Fourteenth Amendment

Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

.

Thanks for trying to help him out.
Does he know the Fourteenth Amendment isn't part of the Declaration?
Or that it doesn't, in fact, ensure equality?

From the Declaration of Independence
" We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed"

You posted the link but I guess you didn't bother to read the Declaration of Independence.

I just dont see much about taxation there. Maybe it's in the fine print of your copy?
WHat a dunce.

 

[Toddsterpatriot]

I believe he meant to say the Fourteenth Amendment

Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

.

Thanks for trying to help him out.
Does he know the Fourteenth Amendment isn't part of the Declaration?
Or that it doesn't, in fact, ensure equality?

From the Declaration of Independence
" We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed"

You posted the link but I guess you didn't bother to read the Declaration of Independence.

You said, "The Declaration of Independence states that the government is to ensure equality"

You don't think that's what your snip of the Declaration said, do you? LOL!

Don't forget, the Declaration wasn't legislation.

 

[Toddsterpatriot]

I believe the tax equality in the Constitution involved everyone paying the same amount.http://www.usconstitution.net/const.html

SOCIALIST!!!!
You believe in Socialized taxes!!!

Wow, you're dimmer than I suspected.

 

[Toddsterpatriot]

Good point. Problem is, as a majority of his income is via Captial Gains he isn't shouldering what Jan and Joe Mainstreat America are. This clealry points out how our system is shewed for the wealthy. Where's the equality?

You're right. The millions in taxes he pays shows he is shouldering much more than Jan and Joe Mainstreet are.
I believe the tax equality in the Constitution involved everyone paying the same amount.

"(Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons.) (The previous sentence in parentheses was modified by the 14th Amendment, section 2.)"

The United States Constitution - The U.S. Constitution Online - USConstitution.net

"You're right. The millions in taxes he pays shows he is shouldering much more than Jan and Joe Mainstreet are."
Now that's just plain spinning. Percentage-wise, Jan and Joe payed at a higher tax rate in taxes than Buffet based on their earnings. Therefore, they feel the pain of taxes more than Buffet because their after taxes income has been reduced at a higher rate percentage than Buffet.

You are incorrect, based on their earnings, Buffett pays a higher income tax rate than Jan and Joe.

 

[edthecynic]

I believe the tax equality in the Constitution involved everyone paying the same amount.

SOCIALIST!!!!
You believe in Socialized taxes!!!

Wow, you're dimmer than I suspected.

"Everyone paying the same amount" IS Socialized taxes!!!
SOCIALIST!

 

[Sactowndog]

You want him to pay 15% plus the income tax on capital gains? LOL! His wife is dead, it was a pretty safe assumption. Yeah, Social Security screws over the middle class, doesn't it? Makes it hard to save for yourself. And then you only collect one check. What a joke.

No I am merely stating the Buffett only pays 15% on most of his income. The joke is you who believes people like Buffett and hedge fund managers making millions should pay 15% on their income while Joe and Jane Mainsteet pay 43% on their income. Only an apologist for the rich would take that position.

Drop the income tax to 15%, problem solved.

Or tax capital gains the same as income.

 

[Sactowndog]

43%? What kind of money are Jan and Joe making in your example?

28% Marginal Income tax rate and 15% Payroll tax = 43% marginal rate.

And I doubt Buffett was lying but I am sure you shade the truth to fit your extremeist agenda.

 

[Toddsterpatriot]

You want him to pay 15% plus the income tax on capital gains? LOL! His wife is dead, it was a pretty safe assumption. Yeah, Social Security screws over the middle class, doesn't it? Makes it hard to save for yourself. And then you only collect one check. What a joke.

No I am merely stating the Buffett only pays 15% on most of his income. The joke is you who believes people like Buffett and hedge fund managers making millions should pay 15% on their income while Joe and Jane Mainsteet pay 43% on their income. Only an apologist for the rich would take that position.

Drop the income tax to 15%, problem solved.

Or tax capital gains the same as income.

Yes, Buffett pays 15% on his capital gains. So do you. Is that socialism? LOL!

I think raising taxes on capital is a bad idea.

 

[Toddsterpatriot]

28% Marginal Income tax rate and 15% Payroll tax = 43% marginal rate.

And I doubt Buffett was lying but I am sure you shade the truth to fit your extremeist agenda.

You never said, how much are Joe and Jan making. Do they own their own business, because otherwise, they don't pay a 15% payroll tax.

Of course Buffett lied.


"Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent"

Buffett blasts system that lets him pay less tax than secretary - Times Online

Please feel free to show the math that proves she pays Federal taxes of 30%.

 

[edthecynic]

Of course Buffett lied.


"Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent"

Buffett blasts system that lets him pay less tax than secretary - Times Online

Please feel free to show the math that proves she pays Federal taxes of 30%.

CON$ can't do simple math

8,375 at 10% = 837.50
24,625 at 15% = 3,843.25
22,000 at 25% = 5,500
60,000 at 12.4% = 7,440 SS
60,000 at 2.9% = 870 Medicare
=19,350.75 in total Fed taxes = 32.25% total tax.

 

[Toddsterpatriot]

Of course Buffett lied.


"Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent"

Buffett blasts system that lets him pay less tax than secretary - Times Online

Please feel free to show the math that proves she pays Federal taxes of 30%.

CON$ can't do simple math

8,375 at 10% = 837.50
24,625 at 15% = 3,843.25
22,000 at 25% = 5,500
60,000 at 12.4% = 7,440 SS
60,000 at 2.9% = 870 Medicare
=19,350.75 in total Fed taxes = 32.25% total tax.

Liberals are even worse at math.


In 2006, here were the rates.

$0-$7550 10% $755

$7550-$30650 15% +$755

$30650-$74220 25% +$4220

If his secretary took the standard deduction and exemption, $5150 and $3300,
her taxes would be $9445 on AGI of $51550. 18% of AGI or 15.7% of gross income.

And just a little FYI, she only pays 6.2% SS and 1.45% Medicare.

Try again?

 

[edthecynic]

Of course Buffett lied.


"Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent"

Buffett blasts system that lets him pay less tax than secretary - Times Online

Please feel free to show the math that proves she pays Federal taxes of 30%.

CON$ can't do simple math

8,375 at 10% = 837.50
24,625 at 15% = 3,843.25
22,000 at 25% = 5,500
60,000 at 12.4% = 7,440 SS
60,000 at 2.9% = 870 Medicare
=19,350.75 in total Fed taxes = 32.25% total tax.

Liberals are even worse at math.


In 2006, here were the rates.

$0-$7550 10% $755

$7550-$30650 15% +$755

$30650-$74220 25% +$4220

If his secretary took the standard deduction and exemption, $5150 and $3300,
her taxes would be $9445 on AGI of $51550. 18% of AGI or 15.7% of gross income.

And just a little FYI, she only pays 6.2% SS and 1.45% Medicare.

Try again?

It was assumed that the $60,000 is the AGI as you don't know that her income was exactly 60,000.
When the government tabulates income for their reports, the employer's payments into SS and Medicare and UEI are counted as the employee's income.

Source: Congressional Budget Office.
Notes: Income categories are defined by ranking all people by their comprehensive household income adjusted for household
size--that is, divided by the square root of the household's size. (A household consists of the people who share a housing
unit, regardless of their relationships.) Quintiles, or fifths, of the income distribution contain equal numbers of people.
Comprehensive household income equals pretax cash income plus income from other sources. Pretax cash income is
the sum of wages, salaries, self-employment income, rents, taxable and nontaxable interest, dividends, realized capital
gains, cash transfer payments, and retirement benefits plus taxes paid by businesses (corporate income taxes and the
employer's share of Social Security, Medicare, and federal unemployment insurance payroll taxes) and employee contri-
butions to 401(k) retirement plans. Other sources of income include all in-kind benefits (Medicare, Medicaid, employer-
paid health insurance premiums, food stamps, school lunches and breakfasts, housing assistance, and energy assis-
tance). Households with negative income are excluded from the lowest income category but are included in the totals.

 

[Toddsterpatriot]

CON$ can't do simple math

8,375 at 10% = 837.50
24,625 at 15% = 3,843.25
22,000 at 25% = 5,500
60,000 at 12.4% = 7,440 SS
60,000 at 2.9% = 870 Medicare
=19,350.75 in total Fed taxes = 32.25% total tax.

Liberals are even worse at math.


In 2006, here were the rates.

$0-$7550 10% $755

$7550-$30650 15% +$755

$30650-$74220 25% +$4220

If his secretary took the standard deduction and exemption, $5150 and $3300,
her taxes would be $9445 on AGI of $51550. 18% of AGI or 15.7% of gross income.

And just a little FYI, she only pays 6.2% SS and 1.45% Medicare.

Try again?

It was assumed that the $60,000 is the AGI as you don't know that her income was exactly 60,000.
When the government tabulates income for their reports, the employer's payments into SS and Medicare and UEI are counted as the employee's income.

Source: Congressional Budget Office.
Notes: Income categories are defined by ranking all people by their comprehensive household income adjusted for household
size--that is, divided by the square root of the household's size. (A household consists of the people who share a housing
unit, regardless of their relationships.) Quintiles, or fifths, of the income distribution contain equal numbers of people.
Comprehensive household income equals pretax cash income plus income from other sources. Pretax cash income is
the sum of wages, salaries, self-employment income, rents, taxable and nontaxable interest, dividends, realized capital
gains, cash transfer payments, and retirement benefits plus taxes paid by businesses (corporate income taxes and the
employer's share of Social Security, Medicare, and federal unemployment insurance payroll taxes) and employee contri-
butions to 401(k) retirement plans. Other sources of income include all in-kind benefits (Medicare, Medicaid, employer-
paid health insurance premiums, food stamps, school lunches and breakfasts, housing assistance, and energy assis-
tance). Households with negative income are excluded from the lowest income category but are included in the totals.

Why would you assume he meant AGI when he said "earned"?
And why would you calculate her share of payroll taxes on her AGI?
You also don't pay taxes on your "Comprehensive household income".
Unless you're claiming people pay taxes on their Medicare, Medicaid, employer-paid health insurance premiums, food stamps, school lunches and breakfasts, housing assistance, and energy assistance?
Fail!