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

[Dad2three]

When 95% of new wealth goes to the richest 1% and the nonrich and the country are falling apart, it's time for more taxes on the richest and their tax free corps.

Could that possibly be because the top 1% benefit from wise investments in America, creating new jobs, products and services while the poor do not invest at all? The rich are not rich because the poor are poor and the poor are not poor because the rich are rich. Your consistent jealousy - like that of all the loony lefties here, there and everywhere, has been duly noted ... again.

^^ Perfect brainwashed chump of the greedy idiot rich GOP...funny how I'm not jealous of Dem rich, just the lying a-holes we're all cheated by. see sig

You mean like George Soros who funds all manner of loony left lunacy with money he made by raping small, economically defenseless countries?
Oh wait ... he's a Dem so it's all good.

My, you know a lot of total bs...he's for raising his own taxes.

Nothing is stopping any of them from not taking deductions and paying more in taxes. But they don't do they, I wonder why?

GOOD GOV'T POLICY NOT CHARITY? Just saying!

 

[Toddsterpatriot]

Ever wonder how the products you see on our shelves get there? It all comes down to logistics, and it's how Walmart works. Every year, we move millions of products from manufacturers to Walmart distribution centers, and from distribution centers to the shelves in our stores.
Distribution Centers

Walmart’s 158 distribution centers are hubs of activity for our business. Our distribution operation is one of the largest in the world. Walmart logistics has a fleet of 6,500 tractors, 55,000 trailers and more than 7,000 drivers.

Walmart Logistics

LOL!

Read the door. LOL!

List of assets owned by Walmart
From Wikipedia, the free encyclopedia

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Walmart Stores, Inc. is the largest retailer in the world and one of the five largest corporations in the world by sales.

• Walmart Stores U.S. - 4,921 total units as of July 31, 2014[1] (This unit count includes locations in Puerto Rico)
  • Walmart Discount Stores (498)
  • Walmart Supercenters (3,348)
  • Neighborhood Markets (381)
  • Small Format Stores (63) - includes Supermercados Amigo, Super Ahorros, Walmart Express, Walmart on Campus and Walmart To Go stores
  • Walmart.com

• Sam's Club (640)

• Logistics
  • Walmart Transportation
  • Distribution Centers/Transportation Offices (130)

• Walmart Realty

• Claims Management.

• Walmart Portrait Studios was rebranded as PictureMe! Portrait Studios in late 2006. The Portrait Studios are operated by CPI Corp, Inc. under an agreement with Walmart. Space is leased and they are independently owned and operated and only pay rent to Walmart and a license fee to use the Walmart brand. Also, most Doctors of Optometry are independent contractors and are not employees of Wal-Mart Stores, Inc. but instead pay rent to use space in Walmart and Sam's Club Vision Centers.

• The Walmart Money Center (Formerly Wal-Mart Financial Services Network) is a tradename for financial services provided in their stores, including the Walmart Money Card™, Money Transfers, Bill Payments, Money Orders, Check Cashing and Check Printing.

List of assets owned by Walmart - Wikipedia, the free encyclopedia

LOL!

 

[Dad2three]

We made

There's a reason behind all those projects. Look into them you realize GOP being petty hypocrites and only telling half the story. It's an election year coming up get ready.

BS...................It's wasteful spending..............hundreds of Billions of waste in the Waste book every year....................and your side we can't cut spending.........

Weve made lots of austerity cuts in the last 15 years. Hasn't made a dent in the debt. We need to cut military spending and corporate welfare

Cuts? Where at? The government is getting bigger budgets every year. We need some big time cuts. Corporate welfare needs to go. BofA, Wells Fargo, GE, GM, and Amtrak, need to be cut off. Then cut 15% across the rest of the budget. Raise taxes on everyone for four years, then cut them back. Get rid of tax exemptions for PACs. We need to also rein in all non-profit political organizations.

We spend more than the rest of the world combined on defense.

we protect more of the world than the world combined.

You meant to say the multi national Corp interests. Corrected it for you

 

[Dad2three]

4
If you put 12.4% of your lifetime earnings in the stock market and 12.4% of your lifetime earnings into Social Security and die tomorrow, at the age of 61 years, 363 days, which of your two retirement plans will give your family more money, the stock market or Social Security?

Unless you had all of your eggs in the market when Republicans/corporate America/BushCo crashed the economy in 2007/2008.

Then you'd still have much, much more than from Social Security.

Tell that to the tens of millions of Americans that lost some or all of their retirement income.

It was only lost temporarily. The market not only recovered, but because of the Fed Reserve pumping money into the market, your losses turned into profits quickly.

SOME did. Many lost their asses

 

[Toddsterpatriot]

Since the guy is in his early 60s, I assume no minor children.
And since his wife worked too, she's still going to collect her same benefit.
No boost based on his early death.

So how much was your income that you paid zero taxes on? Details man.

She'll collect his side as the last surviving spouse when she reaches age.

I made $1.00 last year.

How much did your trust make?
How much did your trust pay in taxes?

2014 - $36.5M

Federal taxes were 4%.

Taxable income of $36.5 million would not give you a 4% tax rate.
You're lying.

 

[Toddsterpatriot]

Oh, right.. its Reagan's fault.

You're such an idiot.

Nah, Ronnie "saving SS" by increasing SS taxes 60%, which hid the REAL costs of tax cuts for the rich, and then using the trust funds of the $3 trillion in excess payments, WASN'T the fault of Ronnie??? lol

Nah, Ronnie "saving SS" by increasing SS taxes 60%,

Liar!

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes? An increase in Social Security taxes would be easier to enact than a hike in income tax rates, and it would leave his income tax cuts undisturbed. Reagan’s first step in implementing his strategy was to write to Congressional leaders. His first letter, dated May 21, 1981 included the following:

As you know, the Social Security System is teetering on the edge of bankruptcy…in the decades ahead its unfunded obligations could run well into the trillions. Unless we in government are willing to act, a sword of Damocles will soon hang over the welfare of millions of our citizens.

Reagan wrote a follow-up letter to Congressional leaders dated July 18, 1981, which included:

“The highest priority of my Administration is restoring the integrity of the Social Security System. Those 35 million Americans who depend on Social Security expect and are entitled to prompt bipartisan action to resolve the current financial problem.

Social Security was definitely not “teetering on the edge of bankruptcy” in 1981 as Reagan claimed in his letter to Congressional leaders. The 1983 National Commission on Social Security Reform, headed by Alan Greenspan, issued its “findings and recommendations” in January 1983. The Commission accurately foresaw major problems for Social Security when the baby boomers began to retire in about 2010. But that was nearly two decades down the road


Ronald Reagan and The Great Social Security Heist : FedSmith.com

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes?

Sneaky! So he dropped the 1981 rates from
70%, 68%, 64%, 59%, 54%, 49%, 43%, 37%, 32%, 28%, 24%, 21%, 18%, 16%, 14% down to
50%, 49%, 44%, 39%, 33%, 29%, 25%, 22%, 19%, 16%, 14%, 12%.
And to replace the "lost revenue", he raised the Social Security tax from 5.4% in 1982 to 6.06% in 1988.

$2.7 TRILLION BUBS


AND DOUBLED THE SELF EMPLOYMENT TAX. HINT SS TAX REVENUES WENT UP 60%, lol

$2.7 TRILLION BUBS

from 5.4% in 1982 to 6.06% in 1988.

 

[Dad2three]

Since the guy is in his early 60s, I assume no minor children.
And since his wife worked too, she's still going to collect her same benefit.
No boost based on his early death.

So how much was your income that you paid zero taxes on? Details man.

She'll collect his side as the last surviving spouse when she reaches age.

I made $1.00 last year.

How much did your trust make?
How much did your trust pay in taxes?

2014 - $36.5M

Federal taxes were 4%.

Taxable income of $36.5 million would not give you a 4% tax rate.
You're lying.

David Cay Johnston: The Fortunate 400


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


David Cay Johnston: The Fortunate 400 - The National Memo

 

[Toddsterpatriot]

Since the guy is in his early 60s, I assume no minor children.
And since his wife worked too, she's still going to collect her same benefit.
No boost based on his early death.

So how much was your income that you paid zero taxes on? Details man.

She'll collect his side as the last surviving spouse when she reaches age.

I made $1.00 last year.

How much did your trust make?
How much did your trust pay in taxes?

2014 - $36.5M

Federal taxes were 4%.

Taxable income of $36.5 million would not give you a 4% tax rate.
You're lying.

David Cay Johnston: The Fortunate 400


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


David Cay Johnston: The Fortunate 400 - The National Memo

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

What were their loss carryovers from 2008?

 

[Dad2three]

Nah, Ronnie "saving SS" by increasing SS taxes 60%, which hid the REAL costs of tax cuts for the rich, and then using the trust funds of the $3 trillion in excess payments, WASN'T the fault of Ronnie??? lol

Nah, Ronnie "saving SS" by increasing SS taxes 60%,

Liar!

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes? An increase in Social Security taxes would be easier to enact than a hike in income tax rates, and it would leave his income tax cuts undisturbed. Reagan’s first step in implementing his strategy was to write to Congressional leaders. His first letter, dated May 21, 1981 included the following:

As you know, the Social Security System is teetering on the edge of bankruptcy…in the decades ahead its unfunded obligations could run well into the trillions. Unless we in government are willing to act, a sword of Damocles will soon hang over the welfare of millions of our citizens.

Reagan wrote a follow-up letter to Congressional leaders dated July 18, 1981, which included:

“The highest priority of my Administration is restoring the integrity of the Social Security System. Those 35 million Americans who depend on Social Security expect and are entitled to prompt bipartisan action to resolve the current financial problem.

Social Security was definitely not “teetering on the edge of bankruptcy” in 1981 as Reagan claimed in his letter to Congressional leaders. The 1983 National Commission on Social Security Reform, headed by Alan Greenspan, issued its “findings and recommendations” in January 1983. The Commission accurately foresaw major problems for Social Security when the baby boomers began to retire in about 2010. But that was nearly two decades down the road


Ronald Reagan and The Great Social Security Heist : FedSmith.com

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes?

Sneaky! So he dropped the 1981 rates from
70%, 68%, 64%, 59%, 54%, 49%, 43%, 37%, 32%, 28%, 24%, 21%, 18%, 16%, 14% down to
50%, 49%, 44%, 39%, 33%, 29%, 25%, 22%, 19%, 16%, 14%, 12%.
And to replace the "lost revenue", he raised the Social Security tax from 5.4% in 1982 to 6.06% in 1988.

$2.7 TRILLION BUBS


AND DOUBLED THE SELF EMPLOYMENT TAX. HINT SS TAX REVENUES WENT UP 60%, lol

$2.7 TRILLION BUBS

from 5.4% in 1982 to 6.06% in 1988.

Good, you don't deny Reagan increased revenues by $2.7+ trillion which was used to hide the costs of tax cuts for the rich!

Tax rates as a percent of taxable earnings

1980 8.100%

1988-89 15.020%


FICA & SECA Tax Rates

 

[Dad2three]

She'll collect his side as the last surviving spouse when she reaches age.

I made $1.00 last year.

How much did your trust make?
How much did your trust pay in taxes?

2014 - $36.5M

Federal taxes were 4%.

Taxable income of $36.5 million would not give you a 4% tax rate.
You're lying.

David Cay Johnston: The Fortunate 400


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


David Cay Johnston: The Fortunate 400 - The National Memo

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

What were their loss carryovers from 2008?

DOESN'T FUKKNN MATTER. YOU CALLED SOMEONE A LIAR. I proved you are full of it


IF the GOP was on board with the Buffett rule, ALL would've had a min 30% fed tax rate!!!

 

[Toddsterpatriot]

Nah, Ronnie "saving SS" by increasing SS taxes 60%,

Liar!

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes? An increase in Social Security taxes would be easier to enact than a hike in income tax rates, and it would leave his income tax cuts undisturbed. Reagan’s first step in implementing his strategy was to write to Congressional leaders. His first letter, dated May 21, 1981 included the following:

As you know, the Social Security System is teetering on the edge of bankruptcy…in the decades ahead its unfunded obligations could run well into the trillions. Unless we in government are willing to act, a sword of Damocles will soon hang over the welfare of millions of our citizens.

Reagan wrote a follow-up letter to Congressional leaders dated July 18, 1981, which included:

“The highest priority of my Administration is restoring the integrity of the Social Security System. Those 35 million Americans who depend on Social Security expect and are entitled to prompt bipartisan action to resolve the current financial problem.

Social Security was definitely not “teetering on the edge of bankruptcy” in 1981 as Reagan claimed in his letter to Congressional leaders. The 1983 National Commission on Social Security Reform, headed by Alan Greenspan, issued its “findings and recommendations” in January 1983. The Commission accurately foresaw major problems for Social Security when the baby boomers began to retire in about 2010. But that was nearly two decades down the road


Ronald Reagan and The Great Social Security Heist : FedSmith.com

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes?

Sneaky! So he dropped the 1981 rates from
70%, 68%, 64%, 59%, 54%, 49%, 43%, 37%, 32%, 28%, 24%, 21%, 18%, 16%, 14% down to
50%, 49%, 44%, 39%, 33%, 29%, 25%, 22%, 19%, 16%, 14%, 12%.
And to replace the "lost revenue", he raised the Social Security tax from 5.4% in 1982 to 6.06% in 1988.

$2.7 TRILLION BUBS


AND DOUBLED THE SELF EMPLOYMENT TAX. HINT SS TAX REVENUES WENT UP 60%, lol

$2.7 TRILLION BUBS

from 5.4% in 1982 to 6.06% in 1988.

Good, you don't deny Reagan increased revenues by $2.7+ trillion which was used to hide the costs of tax cuts for the rich!

Tax rates as a percent of taxable earnings

1980 8.100%

1988-89 15.020%


FICA & SECA Tax Rates

Good, you don't deny Reagan increased revenues by $2.7+ trillion

Over what time frame? As compared to what?

which was used to hide the costs of tax cuts for the rich!

Tax receipts were $599 billion in 1981, $991 billion in 1989.
What was the cost of the tax cuts for the rich?

How much did your trust make?
How much did your trust pay in taxes?

2014 - $36.5M

Federal taxes were 4%.

Taxable income of $36.5 million would not give you a 4% tax rate.
You're lying.

David Cay Johnston: The Fortunate 400


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


David Cay Johnston: The Fortunate 400 - The National Memo

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

What were their loss carryovers from 2008?

DOESN'T FUKKNN MATTER. YOU CALLED SOMEONE A LIAR. I proved you are full of it


IF the GOP was on board with the Buffett rule, ALL would've had a min 30% fed tax rate!!!

YOU CALLED SOMEONE A LIAR.

Yeah, onepercenter lies about his income and his trust and his taxes.

IF the GOP was on board with the Buffett rule, ALL would've had a min 30% fed tax rate!!!

Not if their carryover losses made their net income zero for the year.

 

[Dad2three]

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes? An increase in Social Security taxes would be easier to enact than a hike in income tax rates, and it would leave his income tax cuts undisturbed. Reagan’s first step in implementing his strategy was to write to Congressional leaders. His first letter, dated May 21, 1981 included the following:

As you know, the Social Security System is teetering on the edge of bankruptcy…in the decades ahead its unfunded obligations could run well into the trillions. Unless we in government are willing to act, a sword of Damocles will soon hang over the welfare of millions of our citizens.

Reagan wrote a follow-up letter to Congressional leaders dated July 18, 1981, which included:

“The highest priority of my Administration is restoring the integrity of the Social Security System. Those 35 million Americans who depend on Social Security expect and are entitled to prompt bipartisan action to resolve the current financial problem.

Social Security was definitely not “teetering on the edge of bankruptcy” in 1981 as Reagan claimed in his letter to Congressional leaders. The 1983 National Commission on Social Security Reform, headed by Alan Greenspan, issued its “findings and recommendations” in January 1983. The Commission accurately foresaw major problems for Social Security when the baby boomers began to retire in about 2010. But that was nearly two decades down the road


Ronald Reagan and The Great Social Security Heist : FedSmith.com

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes?

Sneaky! So he dropped the 1981 rates from
70%, 68%, 64%, 59%, 54%, 49%, 43%, 37%, 32%, 28%, 24%, 21%, 18%, 16%, 14% down to
50%, 49%, 44%, 39%, 33%, 29%, 25%, 22%, 19%, 16%, 14%, 12%.
And to replace the "lost revenue", he raised the Social Security tax from 5.4% in 1982 to 6.06% in 1988.

$2.7 TRILLION BUBS


AND DOUBLED THE SELF EMPLOYMENT TAX. HINT SS TAX REVENUES WENT UP 60%, lol

$2.7 TRILLION BUBS

from 5.4% in 1982 to 6.06% in 1988.

Good, you don't deny Reagan increased revenues by $2.7+ trillion which was used to hide the costs of tax cuts for the rich!

Tax rates as a percent of taxable earnings

1980 8.100%

1988-89 15.020%


FICA & SECA Tax Rates

Good, you don't deny Reagan increased revenues by $2.7+ trillion

Over what time frame? As compared to what?

which was used to hide the costs of tax cuts for the rich!

Tax receipts were $599 billion in 1981, $991 billion in 1989.
What was the cost of the tax cuts for the rich?

2014 - $36.5M

Federal taxes were 4%.

Taxable income of $36.5 million would not give you a 4% tax rate.
You're lying.

David Cay Johnston: The Fortunate 400


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


David Cay Johnston: The Fortunate 400 - The National Memo

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

What were their loss carryovers from 2008?

DOESN'T FUKKNN MATTER. YOU CALLED SOMEONE A LIAR. I proved you are full of it


IF the GOP was on board with the Buffett rule, ALL would've had a min 30% fed tax rate!!!

YOU CALLED SOMEONE A LIAR.

Yeah, onepercenter lies about his income and his trust and his taxes.

IF the GOP was on board with the Buffett rule, ALL would've had a min 30% fed tax rate!!!

Not if their carryover losses made their net income zero for the year.

Weird how YOU are NEVER honest? I'm shocked.

Ronnie increased SS taxes over the next 32 years to the tune of excess payments to the trust funds of $2.7+ trillion, to hide the costs of his tax cuts for the rich. Gov't spent it!

Yep, MOST of the increased revenues were inflation. Next was increasing SS taxes, next was new employees. Over Ronnie's term, taxes were less than what WOULD'VE came in IF he hadn't gutted taxes for the rich!


Reagan Chief Economist Feldstein: "It's Not That You Get More Revenue By Lowering Tax Rates, It Is That You Don't Lose As Much."

Feldstein In 1986: "Hyperbole" That Reagan Tax Cut "Would Actually Increase Tax Revenue."

Conservative Economist Holtz-Eakin: "No Serious Research Evidence" Suggests Tax Cuts Pay For Themselves."


Real revenues under Reagan fell for a number of years and lagged behind GDP. There was no relative increase at all.

However, Reagan raised taxes a number of times, on the middle class/poor which offset the damage to revenues of his tax cuts for the rich!



Bush CEA Chair Mankiw: Claim That Broad-Based Income Tax Cuts Increase Revenue Is Not "Credible," Capital Income Tax Cuts Also Don't Pay For Themselves

Bush-Appointed Federal Reserve Chair Bernanke: "I Don't Think That As A General Rule Tax Cuts Pay For Themselves."


Bush Treasury Secretary Paulson: "As A General Rule, I Don't Believe That Tax Cuts Pay For Themselves."

1. 
   
2. If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately.
   
3. If your total net capital loss is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you incurred it in that next year.

MILLIONAIRES? lol

Ten Important Facts About Capital Gains and Losses

 

[Toddsterpatriot]

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes?

Sneaky! So he dropped the 1981 rates from
70%, 68%, 64%, 59%, 54%, 49%, 43%, 37%, 32%, 28%, 24%, 21%, 18%, 16%, 14% down to
50%, 49%, 44%, 39%, 33%, 29%, 25%, 22%, 19%, 16%, 14%, 12%.
And to replace the "lost revenue", he raised the Social Security tax from 5.4% in 1982 to 6.06% in 1988.

$2.7 TRILLION BUBS


AND DOUBLED THE SELF EMPLOYMENT TAX. HINT SS TAX REVENUES WENT UP 60%, lol

$2.7 TRILLION BUBS

from 5.4% in 1982 to 6.06% in 1988.

Good, you don't deny Reagan increased revenues by $2.7+ trillion which was used to hide the costs of tax cuts for the rich!

Tax rates as a percent of taxable earnings

1980 8.100%

1988-89 15.020%


FICA & SECA Tax Rates

Good, you don't deny Reagan increased revenues by $2.7+ trillion

Over what time frame? As compared to what?

which was used to hide the costs of tax cuts for the rich!

Tax receipts were $599 billion in 1981, $991 billion in 1989.
What was the cost of the tax cuts for the rich?

Taxable income of $36.5 million would not give you a 4% tax rate.
You're lying.

David Cay Johnston: The Fortunate 400


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


David Cay Johnston: The Fortunate 400 - The National Memo

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

What were their loss carryovers from 2008?

DOESN'T FUKKNN MATTER. YOU CALLED SOMEONE A LIAR. I proved you are full of it


IF the GOP was on board with the Buffett rule, ALL would've had a min 30% fed tax rate!!!

YOU CALLED SOMEONE A LIAR.

Yeah, onepercenter lies about his income and his trust and his taxes.

IF the GOP was on board with the Buffett rule, ALL would've had a min 30% fed tax rate!!!

Not if their carryover losses made their net income zero for the year.

Weird how YOU are NEVER honest? I'm shocked.

Ronnie increased SS taxes over the next 32 years to the tune of excess payments to the trust funds of $2.7+ trillion, to hide the costs of his tax cuts for the rich. Gov't spent it!

Yep, MOST of the increased revenues were inflation. Next was increasing SS taxes, next was new employees. Over Ronnie's term, taxes were less than what WOULD'VE came in IF he hadn't gutted taxes for the rich!


Reagan Chief Economist Feldstein: "It's Not That You Get More Revenue By Lowering Tax Rates, It Is That You Don't Lose As Much."

Feldstein In 1986: "Hyperbole" That Reagan Tax Cut "Would Actually Increase Tax Revenue."

Conservative Economist Holtz-Eakin: "No Serious Research Evidence" Suggests Tax Cuts Pay For Themselves."


Real revenues under Reagan fell for a number of years and lagged behind GDP. There was no relative increase at all.

However, Reagan raised taxes a number of times, on the middle class/poor which offset the damage to revenues of his tax cuts for the rich!



Bush CEA Chair Mankiw: Claim That Broad-Based Income Tax Cuts Increase Revenue Is Not "Credible," Capital Income Tax Cuts Also Don't Pay For Themselves

Bush-Appointed Federal Reserve Chair Bernanke: "I Don't Think That As A General Rule Tax Cuts Pay For Themselves."


Bush Treasury Secretary Paulson: "As A General Rule, I Don't Believe That Tax Cuts Pay For Themselves."

1. 
   
2. If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately.
3. If your total net capital loss is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you incurred it in that next year.

MILLIONAIRES? lol

Ten Important Facts About Capital Gains and Losses

Ronnie increased SS taxes over the next 32 years

I know, from 5.4% in 1982 to 6.06% in 1988. Awful!

to the tune of excess payments to the trust funds of $2.7+ trillion, to hide the costs of his tax cuts for the rich. Gov't spent it!

Wait, are you claiming that government took the Social Security money, bought Treasury bonds with it and then spent the money? You can't be serious!

Over Ronnie's term, taxes were less than what WOULD'VE came in IF he hadn't gutted taxes for the rich!

How much less? How do you know? Show all your calculations.

"It's Not That You Get More Revenue By Lowering Tax Rates, It Is That You Don't Lose As Much."

So you can cut taxes by $100 billion and only lose $60 billion in revenue?
Sounds like a win-win.

If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income

But we're not talking about "other income", are we?

If your total net capital loss is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you incurred it in that next year.

Weird, it's almost like they're saying you could lose $300 million in 2008 and carry that loss over into 2009 to eliminate the tax liability on $200 million in 2009 income.

 

[SAYIT]

tax law that allows companies to deduct unlimited amounts for performance-based compensation.
Hold on one second....WalMart is following the tax law????
Outrageous!!!!!
Moron.

BENDING the law they bought? Yep

You forgot to post a link to Walmart's purchase of that law which, according to your source, "was put in place in 1993 in order to discourage excessive pay..."

My guess? You're simply spewing the same old baseless loony leftist hate for all things successful.

As a disclaimer I admit that my family has benefitted nicely from having Walmart stock in our retirement portfolios for the past 20 years. Thank you Walmart.

YOU deny the plutocrats have bought DC? SERIOUSLY? lol'

So I will take that to mean your claim was just more whiny, sniveling, loony leftist BS.
Why am I not surprised.

 

[SAYIT]

Wrong. Coal is being attacked by the Obama administration and his minions. They already shut down many plants and forced the remaining open ones to invest millions of dollars in greener technology. It had nothing to do with natural gas because the US is the Saudi Arabia of coal.

Coal mines were shut down due to safety violations.

Natural gas prices dipped to historically low levels beating coal prices.

And why did natural gas prices drop? That's right, fracking:

Obama's Abandoned Power Plants
Ken Blackwell | Sep 28, 2012


At least 3 coal plants announced closing since Obama's energy speech

By ASHE SCHOW • 7/11/13 12:00 AM
At least 3 coal plants announced closing since Obama's energy speech

This is true. The wealthy never became wealthier.

True. And thanks to Republicans the middle class was left behind.

Planned coal-power closings won't cut CO2 much

Planned coal-power closings won't cut CO2 much

Flurry of Coal Power Plant Shutdowns Expected by 2016

Flurry of Coal Power Plant Shutdowns Expected by 2016

Historically

Commodities: Latest Natural Gas Price & Chart

Future

US natural gas glut prompts price warning - FT.com

Quit blaming Obama when the market is the bad guy.

Ah .. got it!
When things go wrong for a Dem admin it's the "market" but when it happens to a Repub admin it's the Repub.
Stupid, low-brow, knuckle-draggin' lefties ... America's cross to bear.

 

[Papageorgio]

Cuts? Where at? The government is getting bigger budgets every year. We need some big time cuts. Corporate welfare needs to go. BofA, Wells Fargo, GE, GM, and Amtrak, need to be cut off. Then cut 15% across the rest of the budget. Raise taxes on everyone for four years, then cut them back. Get rid of tax exemptions for PACs. We need to also rein in all non-profit political organizations.

The better way;


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2015 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 500 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2015 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

But what about death? We should make that illegal too.

Pretty silly isn't it. He pipes this crap all the time. He'd put most small businesses out of business. Mom and pops would disappear.

If he has so much have him donate 90% of his wealth to the government.

 

[Papageorgio]

Cuts? Where at? The government is getting bigger budgets every year. We need some big time cuts. Corporate welfare needs to go. BofA, Wells Fargo, GE, GM, and Amtrak, need to be cut off. Then cut 15% across the rest of the budget. Raise taxes on everyone for four years, then cut them back. Get rid of tax exemptions for PACs. We need to also rein in all non-profit political organizations.

The better way;


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2015 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 500 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2015 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2015 rise in food, shelter, and transportation.

Did you ever find the real CPI number for this period?

He doesn't have to prove squat. He thinks he is a one percenter, hell the guy has quadrupled his wealth in less than two years, can't you take his word for it? Lol!

 

[Ray From Cleveland]

This is true. The wealthy never became wealthier.

True. And thanks to Republicans the middle class was left behind.

Really? And just how did Republicans accomplish that?

Layoffs and business closures to shift monies to the market.

You're talking businesses. I asked how did Republicans do that; you know, as in Republican politicians and policies?

 

[Ray From Cleveland]

Wrong. Coal is being attacked by the Obama administration and his minions. They already shut down many plants and forced the remaining open ones to invest millions of dollars in greener technology. It had nothing to do with natural gas because the US is the Saudi Arabia of coal.

Coal mines were shut down due to safety violations.

Natural gas prices dipped to historically low levels beating coal prices.

And why did natural gas prices drop? That's right, fracking:

Obama's Abandoned Power Plants
Ken Blackwell | Sep 28, 2012


At least 3 coal plants announced closing since Obama's energy speech

By ASHE SCHOW • 7/11/13 12:00 AM
At least 3 coal plants announced closing since Obama's energy speech

This is true. The wealthy never became wealthier.

True. And thanks to Republicans the middle class was left behind.

Planned coal-power closings won't cut CO2 much

Planned coal-power closings won't cut CO2 much

Flurry of Coal Power Plant Shutdowns Expected by 2016

Flurry of Coal Power Plant Shutdowns Expected by 2016

Historically

Commodities: Latest Natural Gas Price & Chart

Future

US natural gas glut prompts price warning - FT.com

Quit blaming Obama when the market is the bad guy.

The "market" didn't sick their EPA buddies to close down power plants and dramatically increase the cost to produce electricity, Obama did.

 

[Ray From Cleveland]

This is true. The wealthy never became wealthier.

True. And thanks to Republicans the middle class was left behind.

Really? And just how did Republicans accomplish that?

Defending Reaganist bs to the death. No min wage up, no investment in infrastructure jobs, training for 3-4 million tech jobs going begging or college costs...or ANYTHING ELSE. STUPID.

Oh, is that why? (LOL)

Then tell us all, why didn't the Democrats do all this when they had total control of our federal government? Oh, that's right, Commie Care was their only objective.