Tax the rich!!!!!!!!

[GoneBezerk]

Got it.

It is ironic that movie years ago "BEE" made by liberals points out liberals in real life.

Liberals were the grasshoppers that stole from bees until the bees could no longer support them. Eventually the food will be gone when the grasshoppers eat up all the food and wear down the bees.....

It was "a bugs life" not Bee.

 

[Skull Pilot]

That is because by busting your ass to get over $250k you carried the load of the rich & the poor. Once you make over $2 million a year the middle class will be carrying you.

I highly doubt that.

If I get to the 2 million a year mark (which I probably won't) I'll be employing hundreds of people. I don't see how that takes anything from the so called middle class.

Do you not know what a subsidy is? It when the playing field is tilted towards a protected group. Usually through tax breaks. The government has set up an uneven playing field by taxing the rich far less than the middle class.

- KissMy (middle class job creator) produces widgets & gets taxed at 28%.
- Mitt Romney (entitled rich *****) produces widgets & gets taxed at 13%.

You're mixing your metaphors so to speak. For one a person in the 28% bracket does not pay 28% of his entire income in taxes his effective tax rate is less. Do you not understand the marginal brackets?

Most of Romney's income is classified as capital gains taxes so until you get rid of the different designations of income you are not comparing apples to apples.

Now Romney can produce widgets & sell them for profit cheaper than KissMy. KissMy middle class ass goes under & becomes KissMy poor broke ass. Romney acquires KissMy widgets from bankruptsy for a fire-sale price of 10 cents on the dollar. He has taken over the assets & market & fired workers thus has more tax revenue but still lower tax rates enabling him to unfairly compete & destroy another middle class job creator.

No he can't because his profit on a widget will be taxed as regular income in the year it was earned not as a long term capital gain.

We are also forced to subsidize the rich's flood insurance. They are the ones who own most of the beech homes & benifit the most from that massive subsidy. To top it off we had to bail out their banks. All accounts are FDIC insured up to $250K. But the rich had much more than that in their accounts. $2.5 trillion of their bad bets & debts got rolled onto the ballance sheet of the Federal Reserve where they remain to this day even as they lie & say they paid us back.

Flood insurance is a separate issue and has nothing to do with income taxes.

Currently all we get is IRA chicken feed. You can't use that money to invest in your small business tax free. You have to invest in stocks of the rich corporations. Hell make the first $100k tax exempt or low tax rate. But bribing the government to create an un-level playing field that benefits the rich is communist corruption by Plutocrats. It is clearly not the Democratically elected Republic that made us the greatest.

I lost my IRA deduction years ago so that's one tax break you get that I don't and it's not really a tax break. And you can use your IRA to invest in your own business.

http://usatoday30.usatoday.com/money/perfi/columnist/waggon/story/2012-07-12/self-directed-iras/56181024/1

And whose fault is it if the government gets bought? The people taking the bribes (ie the ******* politicians)that's who.

The surest way to become a millionaire in this country is to get elected to Congress.

 

[KissMy]

It is ironic that movie years ago "Bugs Life" made by liberals points out liberals in real life.

Liberals were the grasshoppers that stole from bees until the bees could no longer support them. Eventually the food will be gone when the grasshoppers eat up all the food and wear down the bees.....

If by Liberals you mean top 1% stole from the Bees using tax subsidies, that would correct. You praise them so much that you & they believe they are entitled to our wealth.

 

[GoneBezerk]

What are you talking about???

The bees were the ones provided stuff to the grasshoppers. The grasshoppers are liberals demanding they get FREE stuff.

The bees eventually had enough of it and cut off the gravy train.

The same is true of taxing rich people to the point where they quit living here, quit investing here, quit spending their money here, etc.

You can't force someone to live here, they can move away. NY has been trying to keep stealing Rush Limbaugh's money by sending him tax threats when he quit working and living in NY years ago. The assholes in NY make him prove he doesn't work and live there anymore because they need and want his money......******* insane.

It is ironic that movie years ago "Bugs Life" made by liberals points out liberals in real life.

Liberals were the grasshoppers that stole from bees until the bees could no longer support them. Eventually the food will be gone when the grasshoppers eat up all the food and wear down the bees.....

If by Liberals you mean top 1% stole from the Bees using tax subsidies, that would correct. You praise them so much that you & they believe they are entitled to our wealth.

 

[KissMy]

You're mixing your metaphors so to speak. For one a person in the 28% bracket does not pay 28% of his entire income in taxes his effective tax rate is less. Do you not understand the marginal brackets?

Most of Romney's income is classified as capital gains taxes so until you get rid of the different designations of income you are not comparing apples to apples.

No he can't because his profit on a widget will be taxed as regular income in the year it was earned not as a long term capital gain.

Facts prove the effective tax rate is higher on the middle class than the top 1% thanks to loopholes. Tax brackets are a gimmick to fool the uneducated masses into thinking they are not actually in fact subsidizing the top 1%.

There should not be different rates for different designations of income. Romney used carried interest loophole to turn his swindled income into long term capital gains. Capital gains should be taxed at the same rate as earned income. We should only exempt the first $30k Capital gains from tax, the same way we do earnings tax rate.

Funding your own business with your IRA is an expensive hassle. Why did they make it so cheap & easy to fund the rich corps but a nightmare to fund your own? That cuts into my profits. Just let us wright off the first $30k capital gains so we can grow the business.

 

[GoneBezerk]

Uh, most Top 1% don't work for a living, thus don't have a so-called income tax.

Most of their taxes on are interest and capital gains.

Warren Buffet talks out his ass about rasing INCOME taxes because he doesn't rely on his little income, he a two faced scumbag.

Rich people pay a lower tax % on non-income revenues...but that is because we don't want investors across the spectrum to pay a high % in tax especially with the built in risk. Capital Gains taxes are only because someone took a risk and made money....raising that tax % will only stop some investors from even investing, period.

You're mixing your metaphors so to speak. For one a person in the 28% bracket does not pay 28% of his entire income in taxes his effective tax rate is less. Do you not understand the marginal brackets?

Most of Romney's income is classified as capital gains taxes so until you get rid of the different designations of income you are not comparing apples to apples.

No he can't because his profit on a widget will be taxed as regular income in the year it was earned not as a long term capital gain.

Facts prove the effective tax rate is higher on the middle class than the top 1% thanks to loopholes. Tax brackets are a gimmick to fool the uneducated masses into thinking they are not actually in fact subsidizing the top 1%.

There should not be different rates for different designations of income. Romney used carried interest loophole to turn his swindled income into long term capital gains. Capital gains should be taxed at the same rate as earned income. We should only exempt the first $30k Capital gains from tax, the same way we do earnings tax rate.

Funding your own business with your IRA is an expensive hassle. Why did they make it so cheap & easy to fund the rich corps but a nightmare to fund your own? That cuts into my profits. Just let us wright off the first $30k capital gains so we can grow the business.

 

[KissMy]

What are you talking about???

The bees were the ones provided stuff to the grasshoppers. The grasshoppers are liberals demanding they get FREE stuff.

The bees eventually had enough of it and cut off the gravy train.

The same is true of taxing rich people to the point where they quit living here, quit investing here, quit spending their money here, etc.

You can't force someone to live here, they can move away. NY has been trying to keep stealing Rush Limbaugh's money by sending him tax threats when he quit working and living in NY years ago. The assholes in NY make him prove he doesn't work and live there anymore because they need and want his money......******* insane.

It is ironic that movie years ago "Bugs Life" made by liberals points out liberals in real life.

Liberals were the grasshoppers that stole from bees until the bees could no longer support them. Eventually the food will be gone when the grasshoppers eat up all the food and wear down the bees.....

If by Liberals you mean top 1% stole from the Bees using tax subsidies, that would correct. You praise them so much that you & they believe they are entitled to our wealth.

The rich will not leave if we cut the middle class effective rates below the top 1% to stop subsidizing them. This country will prosper raising their boat. You suck their dick way to much. Stop subsidizing them with my money.

 

[GoneBezerk]

Go **** yourself you piece of shit.

I understand Economics and Business better than a piece of shit than you.

I'm middle class and my family has always been middle class. I understand harming people that create jobs is a bad in the long run.

Scum like you want the rich to quit investing their money until the middle class becomes the poor class. There will be 2 classes like the socialist societies, the rich and the poor.

What are you talking about???

The bees were the ones provided stuff to the grasshoppers. The grasshoppers are liberals demanding they get FREE stuff.

The bees eventually had enough of it and cut off the gravy train.

The same is true of taxing rich people to the point where they quit living here, quit investing here, quit spending their money here, etc.

You can't force someone to live here, they can move away. NY has been trying to keep stealing Rush Limbaugh's money by sending him tax threats when he quit working and living in NY years ago. The assholes in NY make him prove he doesn't work and live there anymore because they need and want his money......******* insane.

If by Liberals you mean top 1% stole from the Bees using tax subsidies, that would correct. You praise them so much that you & they believe they are entitled to our wealth.

The rich will not leave if we cut the middle class effective rates below the top 1% to stop subsidizing them. This country will prosper raising their boat. You suck their dick way to much. Stop subsidizing them with my money.

 

[akelch]

What are you talking about???

The bees were the ones provided stuff to the grasshoppers. The grasshoppers are liberals demanding they get FREE stuff.

The bees eventually had enough of it and cut off the gravy train.

The same is true of taxing rich people to the point where they quit living here, quit investing here, quit spending their money here, etc.

You can't force someone to live here, they can move away. NY has been trying to keep stealing Rush Limbaugh's money by sending him tax threats when he quit working and living in NY years ago. The assholes in NY make him prove he doesn't work and live there anymore because they need and want his money......******* insane.

It is ironic that movie years ago "Bugs Life" made by liberals points out liberals in real life.

Liberals were the grasshoppers that stole from bees until the bees could no longer support them. Eventually the food will be gone when the grasshoppers eat up all the food and wear down the bees.....

If by Liberals you mean top 1% stole from the Bees using tax subsidies, that would correct. You praise them so much that you & they believe they are entitled to our wealth.

Ok....sorry but this is "bugging" me. The bugs life was a movie about ANTS gather food for the winter and they had to make a offering to the grasshoppers for "protection". After the ants were pushed too hard and threatened, they turned on the grasshoppers and ran them out of town.

The Bee movie was about bees deciding that they were going to stop working because the people were stealing their honey. So the flowers stop growing because their was no cross pollination. In the end they realize that everyone depends on everyone else and if we all work together we all win.

 

[KissMy]

Uh, most Top 1% don't work for a living, thus don't have a so-called income tax.

Most of their taxes on are interest and capital gains.

Warren Buffet talks out his ass about rasing INCOME taxes because he doesn't rely on his little income, he a two faced scumbag.

Rich people pay a lower tax % on non-income revenues...but that is because we don't want investors across the spectrum to pay a high % in tax especially with the built in risk. Capital Gains taxes are only because someone took a risk and made money....raising that tax % will only stop some investors from even investing, period.

Oh - And my income is not at risk? My business has been hit with losses many times. I have to come out of pocket big-time for that. I have major risk of losing everything. Go sling that line of bullshit somewhere else. All you want to do is keep subsidizing your rich Master. The Wallstreet Casino Game is rigged & you are nothing but a Muppet.

Time: How Wall Street Rigs the Game

But whose money are we talking about here? There is a misconception that Wall Street is composed of rich people gambling with other rich people’s money, but this couldn’t be further from the truth. The secret that Wall Street doesn’t want anyone to know is that hedge funds comprise less than 5% of assets in the stock market. The real big players in the market are individual households and the pension funds, mutual funds, university endowments, charities and foundations that are entrusted with your savings, donations, retirement funds and 401(k)s. They are the owners of trillions and trillions of dollars invested with Wall Street banks. So, in effect, you are the big player in the market. And when a Wall Street bank overcharges a teacher’s retirement fund or a charity on a complex product, or misprices the Facebook IPO, causing billions of dollars of wealth destruction, or helps the governments of Greece and Italy cover up their debt, or rigs interest rates affecting trillions of dollars of loans, it ultimately affects you directly and comes out of your pocket.

But how does Wall Street make so much money anyway? Surely there are times when it must lose? Actually, not as often as you might think. Consider this: There are certain quarters when a Wall Street bank makes money every single day of that quarter in its trading business. Yes: 90 days in a row. One hundred percent of the time, it generates a profit. Bank of America has pulled off this amazing feat. That is like batting 1.000. A perfect record. How is this even possible?

Two words: asymmetric information. The playing field is not even. The bank can see what every investor in the marketplace is doing and therefore knows more than everyone else. If the casino could always see your cards and sometimes even decide what cards to give you, would you expect it ever to lose?

Here’s how it happens: Because Wall Street is facilitating business for the smartest hedge funds, mutual funds, pension funds, sovereign wealth funds and corporations in the world, it knows who is on every side of countless trades. It can effectively see everyone’s cards. Therefore, it can bet smarter with its own money. Worse, if Wall Street can persuade you to trade a custom-made and impossible-to-understand structured product that serves the firm’s needs, it is as if your cards have been predetermined. There is little risk that the casino will lose in this scenario.

Also consider where the gambling takes place. In a real casino, it is on a casino floor with cameras all over the place. Even if you don’t like Las Vegas gambling, it is regulated. On Wall Street, by contrast, the gambling can be moved to a darkened room where nothing is recorded, observed or tracked. With opaque unregulated derivatives, there are no cameras. In this smoke-filled room, there is maximum temptation to try to exploit unsophisticated investors and conflicts of interest. And this temptation and lack of transparency are what led to the global financial crisis in 2008.

Finally, think about the dealer. Your banker might seem objective — like a friendly casino dealer who jokes around and is on your side — but there are times when he or she might be trying to steer you toward the thing that makes the casino the most money. If you were playing blackjack and you had 19, would the dealer ever tell you to hit? Sometimes, on Wall Street, he urges you to take another card.

With all these advantages, how can Wall Street ever lose? Even real casinos don’t make money every single day of the quarter.

 

[saveliberty]

The rich will not leave if we cut the middle class effective rates below the top 1% to stop subsidizing them. This country will prosper raising their boat. You suck their dick way to much. Stop subsidizing them with my money.

The country does not prosper from shifting the same dollars around. Please show where you pay for anything, including yourself from tax dollars. Its the government's money to begin with according to you guys.

 

[saveliberty]

Oh - And my income is not at risk? My company has been hit with losses many times. I have to come out of pocket big-time for that. I have major risk of losing everything. Go sling that line of bullshit somewhere else. All you want to do is keep subsidizing your rich Master.

No your income is not at risk. Not by the normal definition used in investing. Of course a socialist like yourself can never comprehend that.

 

[KissMy]

The rich will not leave if we cut the middle class effective rates below the top 1% to stop subsidizing them. This country will prosper raising their boat. You suck their dick way to much. Stop subsidizing them with my money.

Go **** yourself you piece of shit.

I understand Economics and Business better than a piece of shit than you.

I'm middle class and my family has always been middle class. I understand harming people that create jobs is a bad in the long run.

Scum like you want the rich to quit investing their money until the middle class becomes the poor class. There will be 2 classes like the socialist societies, the rich and the poor.

WHAT A ******* IDIOT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Your rich master will not fire you or leave the country or stop creating jobs if your effective tax rate gets cut below his!



What your low IQ simple mind fails to understand is that it a policy of wealth extraction. The subsidy to the rich extracts all the wealth created by the working class & concentrates it in the hands of a rich few. They instill fear into you with threats of leaving the country with it if you tax them. They offshore key pieces of production to use as leverage to make increased their profits & reduce your wages. If we quit subsidizing the concentration of wealth & monopolies, we would have control of our own wealth & production. But instead now your King dictates to you what he is going to do with your wealth that you created. We have done this to other countries for hundreds of years. The rich extracted their wealth & brought it here. Now our wealth is being extracted & sent elsewhere. We subsidize Chinese importers & retailers like Walmart with our taxes to sell their products here below market rates in order to kill business here & fund business in China. Our countries wealth is being extracted through government subsidies to the wealth extractors. Enjoy poverty because that is what you have been voting for.

Instead we should only subsidize our export producers & not importing retailers. We should subsidize workers who produce the wealth instead of royalty. Problem solved!!!! - Your welcome

 

[akelch]

........The Fair Tax plan......HR.25......just saying.

 

[Skull Pilot]

You're mixing your metaphors so to speak. For one a person in the 28% bracket does not pay 28% of his entire income in taxes his effective tax rate is less. Do you not understand the marginal brackets?

Most of Romney's income is classified as capital gains taxes so until you get rid of the different designations of income you are not comparing apples to apples.

No he can't because his profit on a widget will be taxed as regular income in the year it was earned not as a long term capital gain.

Facts prove the effective tax rate is higher on the middle class than the top 1% thanks to loopholes. Tax brackets are a gimmick to fool the uneducated masses into thinking they are not actually in fact subsidizing the top 1%.

Subsidizing? Not really. Hell I could say I'm subsidizing everyone with kids because I pay more taxes simply because I don't have children.

There should not be different rates for different designations of income. Romney used carried interest loophole to turn his swindled income into long term capital gains. Capital gains should be taxed at the same rate as earned income. We should only exempt the first $30k Capital gains from tax, the same way we do earnings tax rate.

. I don't disagree. In fact I have been a proponent for a flat tax on gross income at a single rate regardless of the source for a long time. But I don't think any income should be exempt from income taxes. You aren't exempt from gas taxes, property taxes, sales taxes so why should any of your income be exempt from income tax?

Funding your own business with your IRA is an expensive hassle. Why did they make it so cheap & easy to fund the rich corps but a nightmare to fund your own? That cuts into my profits. Just let us wright off the first $30k capital gains so we can grow the business.

You said it couldn't be done but it can.

 

[Too Tall]

It just seems like any tax structure other than a flat tax doesn't encourage people the right way. To me a flat tax tells me, if I want more, earn more. Ten percent tax? Okay, I get $90 for every $100 I earn. No uncertainty about what I have to do in order to have $4,000 a month to spend my way.

Not to mention the way a flat tax that's the same for all would move power from congress back to the states and the people.

Having the power to tax you and I differently from each other opens the door wide to favoritism and the inevitable corruption it inspires.

Fair and simple federal taxes will go a long way indeed towards reforming our election process into one that doesn't feed the beast and make us look so stupid.

A 10% income tax on the lower income folks is 10% more than they now pay. You get by on $4000 a month, someone making $2000 a month will sure miss that $200 they have to pay.

 

[Too Tall]

It would be enough if the rich were actually forced to pay it. They always find a loophole that lowers their rate thus forcing the rest of us to subsidize them. Flat 10% tax on everyone & an extra amount on the top 1% to cover all their loopholes & actually get them paying 10%. They have been paying at least 5% less than the rest of us for 12 years now. ****-em.

That's just wrong, Bud.

Loopholes lower the amount of income subject to taxation, not the rate. That's why Obama wants the rates to go up while we take a look at the list of deductions available for culling.

I still like the idea of a flat tax with one and only one deduction of a specified amount for all and, according to Skull Pilots research, 10% after $30,000 would probably work.

Have any of you taken a serious look at the Fair Tax plan HR.25?

It is the best tax plan I have ever read. It was designed by Economist and accountants, not politicians.

It would remove cheating and tax subsides for corporations. Plus, bring back thousands of oversea jobs and encourage foreign companies to move their businesses here in the US.

We would create more jobs and more tax revenue then ever before.

Add yes...it is progressive, so the rich will pay more.

I have and this is worth repeating.

 

[akelch]

You're mixing your metaphors so to speak. For one a person in the 28% bracket does not pay 28% of his entire income in taxes his effective tax rate is less. Do you not understand the marginal brackets?

Most of Romney's income is classified as capital gains taxes so until you get rid of the different designations of income you are not comparing apples to apples.

No he can't because his profit on a widget will be taxed as regular income in the year it was earned not as a long term capital gain.

Facts prove the effective tax rate is higher on the middle class than the top 1% thanks to loopholes. Tax brackets are a gimmick to fool the uneducated masses into thinking they are not actually in fact subsidizing the top 1%.

Subsidizing? Not really. Hell I could say I'm subsidizing everyone with kids because I pay more taxes simply because I don't have children.

There should not be different rates for different designations of income. Romney used carried interest loophole to turn his swindled income into long term capital gains. Capital gains should be taxed at the same rate as earned income. We should only exempt the first $30k Capital gains from tax, the same way we do earnings tax rate.

. I don't disagree. In fact I have been a proponent for a flat tax on gross income at a single rate regardless of the source for a long time. But I don't think any income should be exempt from income taxes. You aren't exempt from gas taxes, property taxes, sales taxes so why should any of your income be exempt from income tax?

Funding your own business with your IRA is an expensive hassle. Why did they make it so cheap & easy to fund the rich corps but a nightmare to fund your own? That cuts into my profits. Just let us wright off the first $30k capital gains so we can grow the business.

You said it couldn't be done but it can.

Please..I beg you all....forget arguing about income tax, capital gains tax, payroll tax, Social security tax, and think outside the box.

ALL taxes are paid by the consumer...PERIOD. If you think raising income taxes on just one class and subsidizing other is going to help anything your wrong.

Think no tax on wages at ALL...no minimal wage. ONE flat rate consumption tax on everything.

 

[AVG-JOE]

It just seems like any tax structure other than a flat tax doesn't encourage people the right way. To me a flat tax tells me, if I want more, earn more. Ten percent tax? Okay, I get $90 for every $100 I earn. No uncertainty about what I have to do in order to have $4,000 a month to spend my way.

Not to mention the way a flat tax that's the same for all would move power from congress back to the states and the people.

Having the power to tax you and I differently from each other opens the door wide to favoritism and the inevitable corruption it inspires.

Fair and simple federal taxes will go a long way indeed towards reforming our election process into one that doesn't feed the beast and make us look so stupid.

A 10% income tax on the lower income folks is 10% more than they now pay. You get by on $4000 a month, someone making $2000 a month will sure miss that $200 they have to pay.

That's precisely why I think everyone, rich and poor and middle class alike should get one and only one deduction of $30,000 on personal income.

Let everyone cover the basics of life with exactly the same amount.

 

[Paulie]

Uh, most Top 1% don't work for a living, thus don't have a so-called income tax.

Most of their taxes on are interest and capital gains.

Warren Buffet talks out his ass about rasing INCOME taxes because he doesn't rely on his little income, he a two faced scumbag.

Rich people pay a lower tax % on non-income revenues...but that is because we don't want investors across the spectrum to pay a high % in tax especially with the built in risk. Capital Gains taxes are only because someone took a risk and made money....raising that tax % will only stop some investors from even investing, period.

You're mixing your metaphors so to speak. For one a person in the 28% bracket does not pay 28% of his entire income in taxes his effective tax rate is less. Do you not understand the marginal brackets?

Most of Romney's income is classified as capital gains taxes so until you get rid of the different designations of income you are not comparing apples to apples.

No he can't because his profit on a widget will be taxed as regular income in the year it was earned not as a long term capital gain.

Facts prove the effective tax rate is higher on the middle class than the top 1% thanks to loopholes. Tax brackets are a gimmick to fool the uneducated masses into thinking they are not actually in fact subsidizing the top 1%.

There should not be different rates for different designations of income. Romney used carried interest loophole to turn his swindled income into long term capital gains. Capital gains should be taxed at the same rate as earned income. We should only exempt the first $30k Capital gains from tax, the same way we do earnings tax rate.

Funding your own business with your IRA is an expensive hassle. Why did they make it so cheap & easy to fund the rich corps but a nightmare to fund your own? That cuts into my profits. Just let us wright off the first $30k capital gains so we can grow the business.

If you're a good investor you're not going to stop investing just because the tax rate went up, especially the rich considering that's their primary income source.