Zone1 Tax the Rich! Make them Pay their Fair Share!

[Lisa558]

The poor have big screen TVs. I had client in Phila who didnt work and was on welfare. Her benefits were the equivalent of over 100,000 dollars a year. Free income, furniture, health care, food, child care and she had 3 therapists I was one all paid for.

I know a welfare recipient on food stamps who shops at Whole Foods. I myself rarely go there since it’s so expensive.

 

[1srelluc]

Some 80s hair bands are doing a tour together and they are avoiding the high tax states like CA.

 

[Grumblenuts]

Always be punching down.

 

[leftwinger]

Stupid OXYEN. Same old song and dance. First, define Rich.

Then, which tax? Income tax? Truly rich dont draw 2 week paychecks, you tree baboons.

President Trump and many (me) are OK with 40% top FED income rate right now and back in 2017. But that does little as it is an income tax. IRA 401K withdrawal Tax at high levels. Do think Bezoz is living off an IRA? Are you crazy like commiejoe?

Congress ser it at ~36% to pay coastal elites an offset SALT losses.

Just SHUP you bozo. Same old thread every few months. Then it dies out when you get humiliated again.

How to get the rich people's money? Wealth tax? Probably Illegal. It's a moving target. Tax on stock trades? Business tax? (Kills jobs, kills all ).

Someone smart should answer. Not Stain. And not me.

 

[leftwinger]

We began with bartering....my labor will build your house and your labor farming will feed me, kind of thing.

Money emerged gradually to overcome the difficulties in barter...(first there was a transition to commodities... like cattle, or salt...)

Coins were not created for the first time until the 7th century BCE.

IT ALL BEGAN with labor....and for thousands of years, we lived without money exchanging hands....

money creates nothing without labor.

Laborers are more important than the cash holders and should be given deference, a lower or no tax rate, not the other way around...

Buffet should not pay a lower rate in taxes than his secretary....

Ah...the old Buffet story again. Every situation is different. Any income above $450K or whatever is taxed higher than a $100K skirt job. Buffet is a liar. Or he made the same as her "in income".

 

[leftwinger]

For example, should there be an income cap on paying into Social Security?

Sure if you want to pay out more at retirement you dumb OX. There is a CAP on MAX payout too.

 

[leftwinger]

Which tax? How do you get more of the rich peoples wealth? None of you Stain can answer that so its pointless to deal with you. We've been down this road. Its a dead end for 85IQ Board Stain. Go back to you Epstein BS you sick leeches.

 

[alang1216]

I begrudge them soda and candy. That $1000 supplement will go far if spent wisely.

And true, I wouldn’t enjoy life as a welfare recipient. That’s why I didn’t have children out of wedlock, went to college and majored in a marketable field, and worked my way up until I was skilled and experienced enough to start my own business.

Would you have been as successful if you were the daughter of an uneducated, welfare recipient?

 

[WorldWatcher]

When you retire your tax rate drops

If you mean Federal Tax Rate…

Not necessarily. That kind of the trope developed over time. It can still be valid for lower income workers.

Many retirees can keep their incomes relatively flat with the transition. Resulting in the tax rate to remain flat.

Another example is an individual paying taxes on $190,000 (24% tax bracket), then retires and say they income reduces to $125,000. The reduced income is still in the 24% bracket. So taxes reduced? Yes, because income was reduced. Did tax bracket change? No. Both incomes are in the same bracket.

WW

 

[maj]

I begrudge them soda and candy. That $1000 supplement will go far if spent wisely.

And true, I wouldn’t enjoy life as a welfare recipient. That’s why I didn’t have children out of wedlock, went to college and majored in a marketable field, and worked my way up until I was skilled and experienced enough to start my own business.

What business did you start?

 

[leftwinger]

There are many type of rich. Self made like a guy with a hi-tech idea working many long yrs getting his idea into market. Then his idea takes off into a trillion dollar company. He is rewarded (finally) for being smart working for nothing in his garage or rented building. Slowly staffing up.

In most cases. He then uses his wealth to fund other (risky) startups. He pays tax all thru it. You want more? Will he take the risk with small payback? Ask bloodyblazy useless congress. They control Tax law.

 

[Hafar1014]

If you mean Federal Tax Rate…

Not necessarily. That kind of the trope developed over time. It can still be valid for lower income workers.

Many retirees can keep their incomes relatively flat with the transition. Resulting in the tax rate to remain flat.

Another example is an individual paying taxes on $190,000 (24% tax bracket), then retires and say they income reduces to $125,000. The reduced income is still in the 24% bracket. So taxes reduced? Yes, because income was reduced. Did tax bracket change? No. Both incomes are in the same bracket.

WW

Thats why we have tax free bonds. Today thanks to Trump the standard deduction has been increased.

 

[WorldWatcher]

Thats why we have tax free bonds. Today thanks to Trump the standard deduction has been increased.

#1 Poor, low income working, and working stiff middle-class have lots of money to invest in (what are typically low yield) state and municiple bonds.

#2 If the do have any spare money they are better off using a ROTH IRA.

Both are after tax investments where dividends are then tax free later on, but ROTH IRAs can typically return a higher yield even with mix investment selections from moderate to conservative.

WW

 

[BULLDOG]

Who creates the jobs and (required by law) matches every dollar that employees pay in for Social Security?

And the top 1% who get more than the lower 60% in grants and tax breaks make a fortune by creating those jobs. It's quite common for an employer to make more from an employee's work than the employee does. Who is helping who?

 

[leftwinger]

#1 Poor, low income working, and working stiff middle-class have lots of money to invest in (what are typically low yield) state and municiple bonds.

#2 If the do have any spare money they are better off using a ROTH IRA.

Both are after tax investments where dividends are then tax free later on, but ROTH IRAs can typically return a higher yield even with mix investment selections from moderate to conservative.

WW

The poor in CA have ZERO after tax money for a ROTH IRA.

 

[leftwinger]

And the top 1% who get more than the lower 60% in grants and tax breaks make a fortune by creating those jobs. It's quite common for an employer to make more from an employee's work than the employee does. Who is helping who?

Not you business. Why do you care? Its a risk to run a business and hire idiots like you.//

 

[BULLDOG]

Not you business. Why do you care? Its a risk to run a business and hire idiots like you.//

It's a risk to walk out your door every morning to work at any job. The rich don't pay their fair share. They should.

 

[Lisa558]

It's a risk to walk out your door every morning to work at any job. The rich don't pay their fair share. They should.

It’s more risky to start a business than to start a new job. Business owners should be rewarded for taking that risk and creating jobs for others.

 

[TroglocratsRdumb]

They got rich off of labor...not a factory they bought, or supplies they bought, or bricks made for the factory, and the building of the factory they bought...labor touches everything and money...capital produces nothing....without labor, money means nothing without labor. Labor is the ALPHA, the beginning to

Their gains come from paying laborers less than what the labor cost them to make a product including the cost for the product materials....all of their profit and wealth comes from laborers producing more than what you pay them to make.

Read the link!

The Laborer is selling his labor to the employer.
The more skill that the laborer has the higher that he can sell his labor.

 

[leftwinger]

It's a risk to walk out your door every morning to work at any job. The rich don't pay their fair share. They should.

SHUP lazy entitled fork. They pay the DEEP State Tax rate that your boys setup.