The bottom 47% pay no fed inc tax. The rich 2% pay over 50%of ALL Fed Income tax all by themselves. But people keep saying tax the rich tax the rich?? WTF people?? They are taxed the shit out of.

It is sfeasy to point the finger at the other guy and say "make him pay more".

The worst part is the attitude. If people really understood what freeloading crybabies they were and thanked the rich guys for jobs and for paying everyone elses tab, I wouldn't mind paying more.

When I'm through taxing the rich, I usually like to have a sandwich. potus'smmv

welp time to red x.

Was hoping this would not turn into another tax debate.

 

Originally Posted by Underdog

Yeah, that increase of 4.6% to the top marginal rate is going to absolutely destroy the economy. I remember when it was that way under Clinton. Dark times.

Because that was the point of what?

The writer of it was trying to predict what Obama is going to say in his speech on Wednesday. The writer predicted that Obama would talk about raising the taxes because he had previously. I doubt that happens considering he just extended tax cuts.

I'm guessing he mentions a lot of stuff the deficit commission talked about including:

-tax reform (removing a lot of deductions and simplifying code)
-rising health care costs
-entitlement reform

 

Originally Posted by niptuck

The bottom 47% pay no fed inc tax. The rich 2% pay over 50%of ALL Fed Income tax all by themselves. But people keep saying tax the rich tax the rich?? WTF people?? They are taxed the shit out of.
.

The bottom 50% also have less than 10% of the nation's wealth. The rich are also able to incorporate and divert assets, and avoid taxation. When a corporate tax rate is 35% yet most corporations don't pay federal corporate taxes and another 60+% report no tax liability, something is fucked up.

I'll be more than happy to pay a 10-15% flat tax if all loopholes are closed both corporately and personally.

 

Originally Posted by niptuck

The bottom 47% pay no fed inc tax. The rich 2% pay over 50%of ALL Fed Income tax all by themselves. But people keep saying tax the rich tax the rich?? WTF people?? They are taxed the shit out of.

It is sfeasy to point the finger at the other guy and say "make him pay more".

The worst part is the attitude. If people really understood what freeloading crybabies they were and thanked the rich guys for jobs and for paying everyone elses tab, I wouldn't mind paying more.

its as easy to point the finger and say "make him pay more" as it is to point the finger and say, "the freeloading crybabies want our $". stop being such a simpleton and realize that it is a complicated issue and both sides have valid points.

 

Originally Posted by niptuck

The bottom 47% pay no fed inc tax. The rich 2% pay over 50%of ALL Fed Income tax all by themselves. But people keep saying tax the rich tax the rich?? WTF people?? They are taxed the shit out of.

It is sfeasy to point the finger at the other guy and say "make him pay more".

The worst part is the attitude. If people really understood what freeloading crybabies they were and thanked the rich guys for jobs and for paying everyone elses tab, I wouldn't mind paying more.

I would gladly pay more if I knew it was going to benefit the country as a whole.

Problem is that nothing will most likelg change except I will pay more.

I pay more
the government continues to waste it
the lazy leeches remain lazy
then the government asks.for more from the rich

Rinse and repeat

bummer LS, that would have been a cool experience. I would love to hear an Obama speech live, the dude is a rock-star.

I think niptuck gets a raw deal here. I've read him write a few times that he was able to become successful because he utilized the tools available to him and if others followed suit they could too. I've heard some liberals say they became successful because they utilized the tools available but others won't be able to because they are (insert excuse du jour), yet niptuck gets called the arrogant one.

 

Originally Posted by ginwilly

I think niptuck gets a raw deal here.

LOL. No.

 

Originally Posted by Niceguy

If you make over 33,100 dollars then yes, you are in the top half.

I made a little under $21,000. And payed income tax.

 

Originally Posted by ginwilly

bummer LS, that would have been a cool experience. I would love to hear an Obama speech live, the dude is a rock-star.

I went to an Obama rally in Oakland in 2007. It was awesome, but there were 10-20k people there and I only arrived like 2 or 3 hours early, so I couldn't really see him. The auditorium he's speaking in tomorrow has a couple hundred seats at the absolute maximum. Would've been awesome.

On the plus side tho, I'm having a couple classes cancelled tomorrow because Secret Service is locking down the building (the auditorium is on the first floor of our Media and Public Affairs building where I have the overwhelming majority of my classes).

I am also having class in the White House Briefing Room on Thursday...but we just got word yesterday that Obama will be out of town..gg my fantasies that he'd poke his head in and say hello. So many disappointments this week, sigh.

 

Originally Posted by ginwilly

I think niptuck gets a raw deal here.

Infinite lols

niptuck won't tell you about all the business owners who can make it appear they made no money using deductions and funny accounting practices.

think about it this way. If 2/3 of corporations are able to get out of paying taxes how many individuals are able to get out of paying taxes?

 

Originally Posted by SerlinSteak19

Not on either side but there is a better argument to tax the highest brackets more. Overall they have access to resources that should enable them to find the deductions and exclusions that people in lower brackets don't take advantage of.

Corporations and the top 2% of income earners want to eliminate entitlements because we can't afford them. Corporations and the top 2% of income earners don't want to eliminate tax shelters, write offs and tax breaks because they are entitled to them. Simple as that.