Should The Rich Be Required To Pay Higher Taxes In the US?

[easyt65]

-- which is, by the way, a lot more the 13.9 percent Mitt Romney paid in 2011.

It's nice to see Liberals finally admitting they lied when they said Romney had not paid any taxes in years. (Reid finally and shamelessly admitted that he had lied about Romney when he abused his power by attacking Romney, as American citizen, form the floor of the US Senate, justifying his lies told to help Obama win by saying, "It worked, didn't it?' BTW, Obama, Reid, and Biden also attacked Romney over 'paultry' charitable contributions...and when the truth came out it was found that Romney's contributions to charity more than doubled that of Obama and Biden COMBINED.)

 

[easyt65]

[
WHO SAID INCOME TAX DUMBASS? I know it was the PROGRESSIVE Abe who wanted and gave US the first one, to pay for a war the CONservative CONfederates States of AmeriKKKa started! Oh wait, a GOPer (PROGRESSIVE HOWEVER), WANTED TO FUND A WAR???

1. Funny you should use 'kkk' when the racist organization was started by and fully 'owned' by Democrats.

2. UNLIKE Obama's own personal war he dragged the US into - helping Al Qaeida, perpetrators of both 9/11/01 and 9/11/12 attacks that caused American deaths, to take over Libya - Liberals GAVE Bush the authorization to go to war in Afghanistan and Iraq by voting for it. Not only did they vote for it but they advocated it in Congress.

Sorry, I forgot, Liberals can never be held responsible for their own actions! lol

 

[Dad2three]

-- which is, by the way, a lot more the 13.9 percent Mitt Romney paid in 2011.

It's nice to see Liberals finally admitting they lied when they said Romney had not paid any taxes in years. (Reid finally and shamelessly admitted that he had lied about Romney when he abused his power by attacking Romney, as American citizen, form the floor of the US Senate, justifying his lies told to help Obama win by saying, "It worked, didn't it?' BTW, Obama, Reid, and Biden also attacked Romney over 'paultry' charitable contributions...and when the truth came out it was found that Romney's contributions to charity more than doubled that of Obama and Biden COMBINED.)

Got a link to that "apology" Bubba, just ANOTHER LIE FROM YOU. Shocking, lol

You mean Romney gave money to the church he belonged too? lol

Mormons tend to do that right?

 

[Dad2three]

[
WHO SAID INCOME TAX DUMBASS? I know it was the PROGRESSIVE Abe who wanted and gave US the first one, to pay for a war the CONservative CONfederates States of AmeriKKKa started! Oh wait, a GOPer (PROGRESSIVE HOWEVER), WANTED TO FUND A WAR???

1. Funny you should use 'kkk' when the racist organization was started by and fully 'owned' by Democrats.

2. UNLIKE Obama's own personal war he dragged the US into - helping Al Qaeida, perpetrators of both 9/11/01 and 9/11/12 attacks that caused American deaths, to take over Libya - Liberals GAVE Bush the authorization to go to war in Afghanistan and Iraq by voting for it. Not only did they vote for it but they advocated it in Congress.

Sorry, I forgot, Liberals can never be held responsible for their own actions! lol

Weird, you NOW want to conflate Dems in the 1860's with current Dems even though the parties changed twice since the early 1900's?

Yep, the Dems were THE CONServative CONfederate States of AmeriKKKa then, PROGRESSIVE Abe had to kick their ass after they attacked US over their "belief" in slavery! The same SOUTHERN CONservative States of AmeriKKKa fought LBJ's Civil Rights acts in the 1960's, those SOUTHERN CONServative States of AmeriKKKa ARE the current GOP base too Bubba



Liberals voted for Dubya's war of choice??? LINKIE PLEASE?

60% OF DEMS IN CONGRESS VOTED AGAINST DUBYA'S WAR OF CHOICE DUMBASS!

 

[RKMBrown]

The top 20% of wage earners / those who pay taxes paid 84% of all the taxes in this country.
The top 10% of wage earners / those who pay income taxes paid a reported 68% of all taxes in this country.
Currently 53% of Americans pay any income taxes.
Approx 46.4 percent of U.S. households did / do NOT pay federal income taxes at all

WHY should Americans who make more have to pay more? What ever happened to 'everyone needs to pay their FAIR SHARE?' Jealousy and laziness is not a good reason to force people who do work hard to pay more money (their share AND yours)!

The current tax system is absolute B$. Billion-dollar companies pay little to no taxes
Obama administration personnel, Al Sharpton, Charlie Rangel, Ex-head of the treasury Timmy Geithner...all paid no taxes (tax evasion)

A 'Flat' or 'Fair' tax is needed. Everyone needs to pay their fair share - EVERYONE.

Also, if you pay NO taxes in this country, you should have NO SAY in how the country is run, ie no right to vote. A famous quote (Jefferson/Franklin?) states that a country is lost when there are more people NOT paying taxes than there are that do, when a nation realizes it can simply vote itself more 'free money'. Those who are working and paying taxes become the 'slaves' of those not working / paying taxes, who receive the tax-payer funded benefits for which they have not worked / earned. Sorry - you don't 'have any skin in the game', you are not paying taxes, then you should have no say in how the 'adults' who are being productive and who are working and paying taxes to support your existence run the country. (IMO)

Corporations are not living beings. The people that own and work for companies are living beings. Everyone with income pays federal income taxes. Asking someone that has invested in a corporation to pay corporate taxes on his investment then income taxes on what's left from the profit.. well that's double taxation. Why should I have to pay taxes twice. I'm the same person whether I own a company or not. Why should I have to pay corporation tax on my labor then income tax on the post corporate tax profit? Why do you want to tax my labor twice?

 

[Toddsterpatriot]

Hey dumb ass.. the rich do pay more.

True. But the percentage of the total is MUCH less.

Not true. Not only do the rich pay more, the percentage of the total is also higher.

The fortunate 400: David Cay Johnston


Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. This is one of many stunning revelations in new IRS data that deserves a thorough airing in this year's election campaign.


In addition to the six who paid no tax, another 110 families paid 15 percent or less in federal income taxes. That's the same federal tax rate as a single worker who made $61,500 in 2009.

Overall, the top 400 paid an average income tax rate of 19.9 percent, the same rate paid by a single worker who made $110,000 in 2009. The top 400 earned five times that much every day.

Just 82 of the top 400 were taxed in accord with the Buffett rule, which proposes a minimum tax of 30 percent on annual incomes greater than $1 million.

The fortunate 400: David Cay Johnston

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.

It's horrible when rich people obey the tax laws.

You're a dumb ass lying piece of shit.

By all means, expand on your claim.

 

[RKMBrown]

True. But the percentage of the total is MUCH less.

Not true. Not only do the rich pay more, the percentage of the total is also higher.

The fortunate 400: David Cay Johnston


Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. This is one of many stunning revelations in new IRS data that deserves a thorough airing in this year's election campaign.


In addition to the six who paid no tax, another 110 families paid 15 percent or less in federal income taxes. That's the same federal tax rate as a single worker who made $61,500 in 2009.

Overall, the top 400 paid an average income tax rate of 19.9 percent, the same rate paid by a single worker who made $110,000 in 2009. The top 400 earned five times that much every day.

Just 82 of the top 400 were taxed in accord with the Buffett rule, which proposes a minimum tax of 30 percent on annual incomes greater than $1 million.

The fortunate 400: David Cay Johnston

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.

It's horrible when rich people obey the tax laws.

You're a dumb ass lying piece of shit.

By all means, expand on your claim.

missquoted ya? I meant that for the guy that said "Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each."

Who would be David Cay Johnston. Any particular reason you decided to plagiarize him?

 

[Toddsterpatriot]

Not true. Not only do the rich pay more, the percentage of the total is also higher.

The fortunate 400: David Cay Johnston


Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. This is one of many stunning revelations in new IRS data that deserves a thorough airing in this year's election campaign.


In addition to the six who paid no tax, another 110 families paid 15 percent or less in federal income taxes. That's the same federal tax rate as a single worker who made $61,500 in 2009.

Overall, the top 400 paid an average income tax rate of 19.9 percent, the same rate paid by a single worker who made $110,000 in 2009. The top 400 earned five times that much every day.

Just 82 of the top 400 were taxed in accord with the Buffett rule, which proposes a minimum tax of 30 percent on annual incomes greater than $1 million.

The fortunate 400: David Cay Johnston

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.

It's horrible when rich people obey the tax laws.

You're a dumb ass lying piece of shit.

By all means, expand on your claim.

missquoted ya? I meant that for the guy that said "Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each."

Yeah, he's full of shit.

 

[Dad2three]

The top 20% of wage earners / those who pay taxes paid 84% of all the taxes in this country.
The top 10% of wage earners / those who pay income taxes paid a reported 68% of all taxes in this country.
Currently 53% of Americans pay any income taxes.
Approx 46.4 percent of U.S. households did / do NOT pay federal income taxes at all

WHY should Americans who make more have to pay more? What ever happened to 'everyone needs to pay their FAIR SHARE?' Jealousy and laziness is not a good reason to force people who do work hard to pay more money (their share AND yours)!

The current tax system is absolute B$. Billion-dollar companies pay little to no taxes
Obama administration personnel, Al Sharpton, Charlie Rangel, Ex-head of the treasury Timmy Geithner...all paid no taxes (tax evasion)

A 'Flat' or 'Fair' tax is needed. Everyone needs to pay their fair share - EVERYONE.

Also, if you pay NO taxes in this country, you should have NO SAY in how the country is run, ie no right to vote. A famous quote (Jefferson/Franklin?) states that a country is lost when there are more people NOT paying taxes than there are that do, when a nation realizes it can simply vote itself more 'free money'. Those who are working and paying taxes become the 'slaves' of those not working / paying taxes, who receive the tax-payer funded benefits for which they have not worked / earned. Sorry - you don't 'have any skin in the game', you are not paying taxes, then you should have no say in how the 'adults' who are being productive and who are working and paying taxes to support your existence run the country. (IMO)

Corporations are not living beings. The people that own and work for companies are living beings. Everyone with income pays federal income taxes. Asking someone that has invested in a corporation to pay corporate taxes on his investment then income taxes on what's left from the profit.. well that's double taxation. Why should I have to pay taxes twice. I'm the same person whether I own a company or not. Why should I have to pay corporation tax on my labor then income tax on the post corporate tax profit? Why do you want to tax my labor twice?

So you want a Corp shield BUT don't want to pay for it??? lol

 

[Dad2three]

Not true. Not only do the rich pay more, the percentage of the total is also higher.

The fortunate 400: David Cay Johnston


Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. This is one of many stunning revelations in new IRS data that deserves a thorough airing in this year's election campaign.


In addition to the six who paid no tax, another 110 families paid 15 percent or less in federal income taxes. That's the same federal tax rate as a single worker who made $61,500 in 2009.

Overall, the top 400 paid an average income tax rate of 19.9 percent, the same rate paid by a single worker who made $110,000 in 2009. The top 400 earned five times that much every day.

Just 82 of the top 400 were taxed in accord with the Buffett rule, which proposes a minimum tax of 30 percent on annual incomes greater than $1 million.

The fortunate 400: David Cay Johnston

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.

It's horrible when rich people obey the tax laws.

You're a dumb ass lying piece of shit.

By all means, expand on your claim.

missquoted ya? I meant that for the guy that said "Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each."

Who would be David Cay Johnston. Any particular reason you decided to plagiarize him?

Plagiarize? Bubba, don't notice that red link you dumbfukk?

 

[hadit]

If you simplified the tax system then there would be less IRS agents needed, less Tax Accountants, and more people on unemployment. One reason why the left doesn't want Tax simplification, is then they don't have a Lois Lerner, going after conservative pac, or other ways to stifle opposition voices. So we will continue to see an unjust tax system that punishes those that have worked hard, and reward those that sit back, in their parents basement, typing on plastic made from OIL, and bitching about the country, that they wish wasn't here.

we could really simplify the tax code for most people by eliminating the personal income tax altogether. Just tax corporations and businesses. Have a standard deduction for any full time employee.

That would just hide the tax that the customers end up paying anyway through higher prices.

 

[hadit]

Barney Frank said " THERE'S NOTHING WRONG AT FANNIE MAE"
which is of course a whole different thing than Snow saying he didnt see an "imminent danger to the financial system". one is saying "NOTHING IS WRONG", THE OTHER IS SAYING THERE IS SOMETHING WRONG.

you lose again Dad2; you just keep proving left-wingers are never man enough to admit their are wron; or their leaders were wrong

Weird, Barney saying during the F/F ACCOUNTING scandal of 2003-2004 there was nothing wrong with F/F like there was nothing wrong with AIG, Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns (HINT THREE OF THOSE WERE GONE BY 2010M, 2 OTHERS CHANGED CHARTERS!!!) , WAMU, AND DOZENS OF OTHER BANKS


OH RIGHT, DUBYA'S SUBPRIME BUBBLE HADN'T YET STARTED AND DUBYA'S POLICIES THAT HOSE F/F HADN'T GONE FULL APESHIT CRAZY YET

President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

I

So he was incapable of seeing a looming problem that others WERE capable of seeing?

 

[RKMBrown]

I have dad2three on ignore. I did not see his posts. Thus.. I thought Todd made the post. Did not attrib it to a sub-quote from the moron dad2three till just now as I turned on show ignore posts. We are in violent agreement Toddsterpatriot . Cheers.

 

[RKMBrown]

The fortunate 400: David Cay Johnston


Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. This is one of many stunning revelations in new IRS data that deserves a thorough airing in this year's election campaign.


In addition to the six who paid no tax, another 110 families paid 15 percent or less in federal income taxes. That's the same federal tax rate as a single worker who made $61,500 in 2009.

Overall, the top 400 paid an average income tax rate of 19.9 percent, the same rate paid by a single worker who made $110,000 in 2009. The top 400 earned five times that much every day.

Just 82 of the top 400 were taxed in accord with the Buffett rule, which proposes a minimum tax of 30 percent on annual incomes greater than $1 million.

The fortunate 400: David Cay Johnston

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.

It's horrible when rich people obey the tax laws.

You're a dumb ass lying piece of shit.

By all means, expand on your claim.

missquoted ya? I meant that for the guy that said "Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each."

Who would be David Cay Johnston. Any particular reason you decided to plagiarize him?

Plagiarize? Bubba, don't notice that red link you dumbfukk?

You were on ignore.. so no I did not. Oh yeah back on ignore.. bye.

 

[hadit]

-- which is, by the way, a lot more the 13.9 percent Mitt Romney paid in 2011.

It's nice to see Liberals finally admitting they lied when they said Romney had not paid any taxes in years. (Reid finally and shamelessly admitted that he had lied about Romney when he abused his power by attacking Romney, as American citizen, form the floor of the US Senate, justifying his lies told to help Obama win by saying, "It worked, didn't it?' BTW, Obama, Reid, and Biden also attacked Romney over 'paultry' charitable contributions...and when the truth came out it was found that Romney's contributions to charity more than doubled that of Obama and Biden COMBINED.)

Got a link to that "apology" Bubba, just ANOTHER LIE FROM YOU. Shocking, lol

You mean Romney gave money to the church he belonged too? lol

Mormons tend to do that right?

That's charity, Cletus, because the church then uses the funds for charitable works. You do know how that works, right?

 

[LogikAndReazon]

"War of choice".... Lol

Always have to chuckle at that teeny bopper drivel

 

[Dad2three]

Barney Frank said " THERE'S NOTHING WRONG AT FANNIE MAE"
which is of course a whole different thing than Snow saying he didnt see an "imminent danger to the financial system". one is saying "NOTHING IS WRONG", THE OTHER IS SAYING THERE IS SOMETHING WRONG.

you lose again Dad2; you just keep proving left-wingers are never man enough to admit their are wron; or their leaders were wrong

Weird, Barney saying during the F/F ACCOUNTING scandal of 2003-2004 there was nothing wrong with F/F like there was nothing wrong with AIG, Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns (HINT THREE OF THOSE WERE GONE BY 2010M, 2 OTHERS CHANGED CHARTERS!!!) , WAMU, AND DOZENS OF OTHER BANKS


OH RIGHT, DUBYA'S SUBPRIME BUBBLE HADN'T YET STARTED AND DUBYA'S POLICIES THAT HOSE F/F HADN'T GONE FULL APESHIT CRAZY YET

President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

I

So he was incapable of seeing a looming problem that others WERE capable of seeing?

Looming? HOW Bubs, Dubya DIDN'T start his policies that hosed F/F until later on that summer?

Ignore how well F/F loans performed compared to the private markets, as well as ignore policies Dubya's pushed that harmed F/F Shocking'


June 17, 2004

(CNN/Money) - Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday.


Home builders fight Bush's low-income housing - Jun. 17, 2004







HOLY COW! Bush forced them to lower their standards. If only somebody had warned us that Bush's policies would hurt Freddie and Fannie. Wait, somebody did.






Fannie, Freddie to Suffer Under New Rule, BARNEY Frank Says

Fannie Mae and Freddie Mac would suffer financially under a Bush administration requirement that they channel more mortgage financing to people with low incomes, said the senior Democrat on a congressional panel that sets regulations for the companies.



So if your narrative is "GSEs are to blame" then you have to blame bush


http://democrats.financialservices....s/112/06-17-04-new-Fannie-goals-Bloomberg.pdf

 

[Dad2three]

-- which is, by the way, a lot more the 13.9 percent Mitt Romney paid in 2011.

It's nice to see Liberals finally admitting they lied when they said Romney had not paid any taxes in years. (Reid finally and shamelessly admitted that he had lied about Romney when he abused his power by attacking Romney, as American citizen, form the floor of the US Senate, justifying his lies told to help Obama win by saying, "It worked, didn't it?' BTW, Obama, Reid, and Biden also attacked Romney over 'paultry' charitable contributions...and when the truth came out it was found that Romney's contributions to charity more than doubled that of Obama and Biden COMBINED.)

Got a link to that "apology" Bubba, just ANOTHER LIE FROM YOU. Shocking, lol

You mean Romney gave money to the church he belonged too? lol

Mormons tend to do that right?

That's charity, Cletus, because the church then uses the funds for charitable works. You do know how that works, right?

Sure Bubba, they don't fund the church building or salaries , it's used for the "charity' they do.

LOL

 

[Dad2three]

If you simplified the tax system then there would be less IRS agents needed, less Tax Accountants, and more people on unemployment. One reason why the left doesn't want Tax simplification, is then they don't have a Lois Lerner, going after conservative pac, or other ways to stifle opposition voices. So we will continue to see an unjust tax system that punishes those that have worked hard, and reward those that sit back, in their parents basement, typing on plastic made from OIL, and bitching about the country, that they wish wasn't here.

we could really simplify the tax code for most people by eliminating the personal income tax altogether. Just tax corporations and businesses. Have a standard deduction for any full time employee.

That would just hide the tax that the customers end up paying anyway through higher prices.

Who says taxes are born by customers? Hint NOT economists

Recent economic research has improved our understanding of who bears the burden of the corporate income tax.


One key finding is that a substantial share of the return to corporate capital is from “supernormal” returns, the returns to successful risk taking, inframarginal returns, and economic rents in excess of the “normal” return (the riskless return to waiting)
.
The other key result is that international capital mobility shifts some of the corporate income tax burden on the normal return from corporate capital to labor, which is relatively immobile internationally.


Based on these recent research findings, TPC has updated its
corporate income tax incidence. For standard distributional analyses
, TPC now treats 20 percent of the corporate income tax burden
as falling on labor, 20 percent on the normal return to all
capital, and 60 percent on the supernormal returns to
corporate equity (shareholders )
.

http://www.taxpolicycenter.org/uploadedpdf/412651-tax-model-corporate-tax-incidence.pdf


OVER HALF CAP GAINS/DIVIDENDS GO TO THE TOP 1/10TH OF 1% OF US!

 

[hadit]

-- which is, by the way, a lot more the 13.9 percent Mitt Romney paid in 2011.

It's nice to see Liberals finally admitting they lied when they said Romney had not paid any taxes in years. (Reid finally and shamelessly admitted that he had lied about Romney when he abused his power by attacking Romney, as American citizen, form the floor of the US Senate, justifying his lies told to help Obama win by saying, "It worked, didn't it?' BTW, Obama, Reid, and Biden also attacked Romney over 'paultry' charitable contributions...and when the truth came out it was found that Romney's contributions to charity more than doubled that of Obama and Biden COMBINED.)

Got a link to that "apology" Bubba, just ANOTHER LIE FROM YOU. Shocking, lol

You mean Romney gave money to the church he belonged too? lol

Mormons tend to do that right?

That's charity, Cletus, because the church then uses the funds for charitable works. You do know how that works, right?

Sure Bubba, they don't fund the church building or salaries , it's used for the "charity' they do.

LOL

Every charity has overhead, Cletus. Just ask the Clintons.