Author Topic: If You Support More Taxes, Please Lead by Example  (Read 2114 times)

Skip8282

  • Getbig V
  • *****
  • Posts: 7004
If You Support More Taxes, Please Lead by Example
« on: August 26, 2011, 07:09:44 AM »
Let us know your generous gift.   :D

You can voluntarily give right here:


https://www.pay.gov/paygov/forms/formInstance.html?agencyFormId=23779454

Skip8282

  • Getbig V
  • *****
  • Posts: 7004
Re: If You Support More Taxes, Please Lead by Example
« Reply #1 on: August 26, 2011, 01:01:06 PM »
Where's all the liberals?

Time to put up or shut up.

haha

Guess it's ok as long as it's somebody else's money.

Primemuscle

  • Getbig V
  • *****
  • Posts: 40915
Re: If You Support More Taxes, Please Lead by Example
« Reply #2 on: August 26, 2011, 01:23:41 PM »
Where's all the liberals?

Time to put up or shut up.

haha

Guess it's ok as long as it's somebody else's money.

I pay a "liberal" 28% of my adjusted gross income in Federal income taxes each year. I am doing my part. How about you?

Dos Equis

  • Moderator
  • Getbig V
  • *****
  • Posts: 63956
  • I am. The most interesting man in the world. (Not)
Re: If You Support More Taxes, Please Lead by Example
« Reply #3 on: August 26, 2011, 01:43:11 PM »
Let us know your generous gift.   :D

You can voluntarily give right here:


https://www.pay.gov/paygov/forms/formInstance.html?agencyFormId=23779454

Darn right.  Put up or shut up. 

Skip8282

  • Getbig V
  • *****
  • Posts: 7004
Re: If You Support More Taxes, Please Lead by Example
« Reply #4 on: August 26, 2011, 02:01:08 PM »
I pay a "liberal" 28% of my adjusted gross income in Federal income taxes each year. I am doing my part. How about you?



Uh, good for you I guess.  Not sure what that has to do with the thread.

Primemuscle

  • Getbig V
  • *****
  • Posts: 40915
Re: If You Support More Taxes, Please Lead by Example
« Reply #5 on: August 27, 2011, 02:21:48 AM »


Uh, good for you I guess.  Not sure what that has to do with the thread.

Some folks think a redistribution of taxes means more taxes. I don't. However, the wealthiest folks in the U.S. only pay 16% of their adjusted gross income in Federal income tax. My point is that I'm not donating any additional money to offset the National debt until there is a redistribution requiring that the wealthy no longer get a tax break at the rest of our expense.

Hugo Chavez

  • Getbig V
  • *****
  • Posts: 31866
Re: If You Support More Taxes, Please Lead by Example
« Reply #6 on: August 27, 2011, 03:20:50 AM »
Where's all the liberals?

Time to put up or shut up.

haha

Guess it's ok as long as it's somebody else's money.
I get the lol with providing a link to give an all but what does this have to do with anything libs are saying...  I mean where is the "ah ha" here?  I'm not seeing where what you posted has any real bearing on what libs and progressives have pushed for tax wise?  It looks like you're taking a spot to say libs don't want to give in more and equating that to what they stand for is wrong?  I think there is a bit more to the entire argument than that simplicity.

Primemuscle

  • Getbig V
  • *****
  • Posts: 40915
Re: If You Support More Taxes, Please Lead by Example
« Reply #7 on: August 27, 2011, 12:38:47 PM »
I get the lol with providing a link to give an all but what does this have to do with anything libs are saying...  I mean where is the "ah ha" here?  I'm not seeing where what you posted has any real bearing on what libs and progressives have pushed for tax wise?  It looks like you're taking a spot to say libs don't want to give in more and equating that to what they stand for is wrong?  I think there is a bit more to the entire argument than that simplicity.

Absolutely! There is nothing simple about tax laws at all. In my opinion, that is part of the problem; the problem being that there are a lot of people who abuse complicated tax laws to avoid paying their fair share of taxes, leaving it to those of us who are more honest to bear the burden of taxes.

Bill Sizemore, Oregon's initiative king, right wing nut and tax objector just finished doing time in prison for tax evasion and fraud. There is humor in his prison stay. Prisons are funded by tax dollars. When Sizemore talked to the media recently, he complained that the food in the prison was sub par and not nutritious. However prison records show that he was addicted to Twinkies, which everyone knows are loaded with nutrition, LOL.  

Fury

  • Getbig V
  • *****
  • Posts: 21026
  • All aboard the USS Leverage
Re: If You Support More Taxes, Please Lead by Example
« Reply #8 on: August 27, 2011, 12:42:13 PM »
I get the lol with providing a link to give an all but what does this have to do with anything libs are saying...  I mean where is the "ah ha" here?  I'm not seeing where what you posted has any real bearing on what libs and progressives have pushed for tax wise?  It looks like you're taking a spot to say libs don't want to give in more and equating that to what they stand for is wrong?  I think there is a bit more to the entire argument than that simplicity.

His quote makes perfect sense. Everyone's definition of "fair" is different, thus leading to the ridiculous situation we're in. I think it's not fair that nearly 50% of the people in this country don't pay shit in income taxes (with many of those people actually taking money out). They think it's not fair that the rich don't pay more.

They should stop worrying about what everyone else pays and lead by example. No one's stopping Uncle Warren from directing the billions he plans to give to the Gates Foundation to the government instead. But even he knows that they'll just waste it like they do everything else.

I pay a "liberal" 28% of my adjusted gross income in Federal income taxes each year. I am doing my part. How about you?

Pay more, scumbag. We're $14 trillion in debt. Give more to the government, you traitorous trash.

Butterbean

  • Special Guests
  • Getbig V
  • ******
  • Posts: 19326
Re: If You Support More Taxes, Please Lead by Example
« Reply #9 on: August 27, 2011, 01:15:49 PM »
However, the wealthiest folks in the U.S. only pay 16% of their adjusted gross income in Federal income tax.

What?  Where do you come up w/this?

R

Dos Equis

  • Moderator
  • Getbig V
  • *****
  • Posts: 63956
  • I am. The most interesting man in the world. (Not)
Re: If You Support More Taxes, Please Lead by Example
« Reply #10 on: August 27, 2011, 01:34:39 PM »
What?  Where do you come up w/this?



I'd like to know that too.

Quote
This is from 2008.  What it shows is the top 1 percent of wage earners paid 38 percent of federal taxes in 2008; the top 5 percent paid 58 percent of federal taxes; the bottom 50 percent paid 2.7 percent of federal taxes.

http://ntu.org/tax-basics/who-pays-income-taxes.html

Straw Man

  • Getbig V
  • *****
  • Posts: 41015
  • one dwells in nirvana
Re: If You Support More Taxes, Please Lead by Example
« Reply #11 on: August 27, 2011, 05:02:16 PM »
What?  Where do you come up w/this?

many sources for that info

here is one

http://www.forbes.com/sites/robertlenzner/2011/07/25/the-400-richest-americans-pay-an-18-tax-rate/

I posted this article earlier this year.

It's worth 5 minute of your time to read in it's entirety

http://wweek.com/portland/article-17350-9_things_the_rich_dont_want_you_to_know_about_taxes.html

Skip8282

  • Getbig V
  • *****
  • Posts: 7004
Re: If You Support More Taxes, Please Lead by Example
« Reply #12 on: August 28, 2011, 11:47:52 AM »
Some folks think a redistribution of taxes means more taxes. I don't. However, the wealthiest folks in the U.S. only pay 16% of their adjusted gross income in Federal income tax. My point is that I'm not donating any additional money to offset the National debt until there is a redistribution requiring that the wealthy no longer get a tax break at the rest of our expense.


Still not following what that has to do with anything.  For all we know you got all or most of that 28% back at the end of the year.  Conversely, you don't what rich people are getting back, if anything.

What we do know is that the OTA tells us that the majority of taxes are footed by the wealthiest people.  If you want others to pay more, especially without knowing their specific tax situation, then feel free to lead by example.

Skip8282

  • Getbig V
  • *****
  • Posts: 7004
Re: If You Support More Taxes, Please Lead by Example
« Reply #13 on: August 28, 2011, 11:49:30 AM »
His quote makes perfect sense. Everyone's definition of "fair" is different, thus leading to the ridiculous situation we're in. I think it's not fair that nearly 50% of the people in this country don't pay shit in income taxes (with many of those people actually taking money out). They think it's not fair that the rich don't pay more.

They should stop worrying about what everyone else pays and lead by example. No one's stopping Uncle Warren from directing the billions he plans to give to the Gates Foundation to the government instead. But even he knows that they'll just waste it like they do everything else.

Pay more, scumbag. We're $14 trillion in debt. Give more to the government, you traitorous trash.


This ^^ Hugo.

Agreed on the complexity of the tax code.  National sales tax that doesn't cover necessities perhaps?

Primemuscle

  • Getbig V
  • *****
  • Posts: 40915
Re: If You Support More Taxes, Please Lead by Example
« Reply #14 on: August 28, 2011, 03:59:47 PM »

....For all we I know you got all or most of that 28% back at the end of the year....

Which just goes to prove you don't know shit!

Skip8282

  • Getbig V
  • *****
  • Posts: 7004
Re: If You Support More Taxes, Please Lead by Example
« Reply #15 on: August 28, 2011, 05:15:46 PM »
Which just goes to prove you don't know shit!


Yawn...best you got grandpa?

Emmortal

  • Getbig V
  • *****
  • Posts: 5660
Re: If You Support More Taxes, Please Lead by Example
« Reply #16 on: August 28, 2011, 05:25:30 PM »
I made 6 figures last year and didn't pay a single dime in taxes.

u mad?

Skip8282

  • Getbig V
  • *****
  • Posts: 7004
Re: If You Support More Taxes, Please Lead by Example
« Reply #17 on: August 28, 2011, 05:47:15 PM »
I made 6 figures last year and didn't pay a single dime in taxes.

u mad?




The only thing I'm mad about is the educational system.  It's producing illiterate retards like you who can't comprehend the thread or even the thread title for that matter.

Damn, education has gone to shit.

tonymctones

  • Getbig V
  • *****
  • Posts: 26520
Re: If You Support More Taxes, Please Lead by Example
« Reply #18 on: August 28, 2011, 07:35:20 PM »
prime and straw, ever heard of double taxation?

guess what the richest ppl in the country have in common?

the own corporations or get income from investments in corporations...

which means their income is taxed once at the corporate level and then again at the personal level...


Primemuscle

  • Getbig V
  • *****
  • Posts: 40915
Re: If You Support More Taxes, Please Lead by Example
« Reply #19 on: August 28, 2011, 07:54:54 PM »
Double taxed indeed! If anything, corporations enjoy additional ways to hide their profits, which are what they are taxed on. Incidentally, those wages people pay income tax on are a deduction for the corporations. Read below:

Corporations are taxed differently than other business structures: A corporation is the only type of business that must pay its own income taxes on profits. In contrast, partnerships, sole proprietorships, and limited liability companies (LLCs) are not taxed on business profits; instead, the profits "pass through" the businesses to their owners, who report business income or losses on their personal tax returns.

Understanding Corporate Taxation
Because a corporation is a separate legal entity from its owners, the company itself is taxed on all profits that it cannot deduct as business expenses. Generally, taxable profits consist of money kept in the company to cover expenses or expansion (called "retained earnings") and profits that are distributed to the owners (shareholders) as dividends.

Tax-Deductible Expenses
To reduce taxable profits, a corporation can deduct many of its business expenses -- money the corporation spends in the legitimate pursuit of profit. In addition to start-up costs, operating expenses, and product and advertising outlays, a corporation can deduct the salaries and bonuses it pays and all of the costs associated with medical and retirement plans for employees.

Shareholder Tax Payments
If the corporation's owners work for the corporation, they pay individual income taxes on their salaries and bonuses like regular employees of any company. Salaries and bonuses are deductible business expenses, so the corporation does not pay taxes on them.

Tax on Dividends
If a corporation distributes dividends to the owners, they must report and pay personal income tax on these amounts. And because dividends, unlike salaries and bonuses, are not tax-deductible, the corporation must also pay taxes on them. This means that dividends are taxed twice -- once to the corporation and again to the shareholders. Smaller corporations rarely face this problem: Because their owners typically work for the corporation as employees, the corporation can pay them in the form of tax-deductible salaries and bonuses, rather than taxable dividends.




Primemuscle

  • Getbig V
  • *****
  • Posts: 40915
Re: If You Support More Taxes, Please Lead by Example
« Reply #20 on: August 28, 2011, 08:01:41 PM »
prime and straw, ever heard of double taxation?

guess what the richest ppl in the country have in common?

the own corporations or get income from investments in corporations...

which means their income is taxed once at the corporate level and then again at the personal level...



In theory, you are correct about the potential for "double taxation" however theories and realitities differ, see how:

A Good Business Should be Structured so It Doesn’t Pay Taxes (Or Pay as Little as Possible)
 
What the layperson doesn’t often understand is why most businesses aren’t taxed. A lot of it comes down to the double taxation of corporate profits. If you recall from Business Entities 101, a corporation is a separate legal and taxable entity. This means that corporate profits are taxed at the corporate level, and when disbursed to business owners or shareholders in the form of dividends, are taxed again at the personal level. Clearly, business owners want to avoid having their profits taxed twice, so they will structure the profits to be paid out in a way that minimizes or eliminates this. One common method of doing this is to shift the corporate profits into salaries as opposed to being paid out in dividends. The money is still being taxed, but just at the personal level.

Primemuscle

  • Getbig V
  • *****
  • Posts: 40915
Re: If You Support More Taxes, Please Lead by Example
« Reply #21 on: August 28, 2011, 08:06:37 PM »

Yawn...best you got grandpa?

Is that suppose to be insulting to me? Quite the contrary; there is every reason to believe I have a lot more financial and political experience than you do since by calling me grandpa, you give others the impression you are far less mature and much less experienced than I am.

whork25

  • Getbig IV
  • ****
  • Posts: 1653
  • Getbig!
Re: If You Support More Taxes, Please Lead by Example
« Reply #22 on: August 29, 2011, 02:21:29 AM »
His quote makes perfect sense. Everyone's definition of "fair" is different, thus leading to the ridiculous situation we're in. I think it's not fair that nearly 50% of the people in this country don't pay shit in income taxes (with many of those people actually taking money out). They think it's not fair that the rich don't pay more.

They should stop worrying about what everyone else pays and lead by example. No one's stopping Uncle Warren from directing the billions he plans to give to the Gates Foundation to the government instead. But even he knows that they'll just waste it like they do everything else.

Pay more, scumbag. We're $14 trillion in debt. Give more to the government, you traitorous trash.
How are you going to pay income tax if you dont have an income?

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 39837
  • Doesnt lie about lifting.
Re: If You Support More Taxes, Please Lead by Example
« Reply #23 on: August 29, 2011, 04:29:13 AM »
Oh bullshit. They do have income, but theough the tax code don't pay dick. 

Btw - ron paul disagrees w you about this.

whork25

  • Getbig IV
  • ****
  • Posts: 1653
  • Getbig!
Re: If You Support More Taxes, Please Lead by Example
« Reply #24 on: August 29, 2011, 05:13:00 AM »
Oh bullshit. They do have income, but theough the tax code don't pay dick. 

Btw - ron paul disagrees w you about this.

Are you talking about rich folks who evades taxes or people without a job who cant pay taxes?

I