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Getbig Main Boards => Politics and Political Issues Board => Topic started by: WOOO on November 08, 2012, 07:44:39 PM



Title: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 08, 2012, 07:44:39 PM
Seriously? Half of anything over a million should be redistributed... you can still be filthy rich if that's your ambition...


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: The True Adonis on November 08, 2012, 07:50:54 PM
Who is proposing 50 percent?  ???


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 08, 2012, 07:57:23 PM
what right does the govt have to 50% of anybodys shit?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: OzmO on November 08, 2012, 07:58:07 PM
Oppose


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: The True Adonis on November 08, 2012, 07:58:27 PM
what right does the govt have to 50% of anybodys shit?
They don`t which is why nobody is proposing this.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: headhuntersix on November 08, 2012, 07:59:44 PM
You're a retard.....and nobody is.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: The True Adonis on November 08, 2012, 08:00:39 PM
what right does the govt have to 50% of anybodys shit?
Ronald Reagan did like his 50 percent though!

(http://www.outsidethebeltway.com/wp-content/uploads/2011/09/top-marginal-tax-rate.png)


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: The True Adonis on November 08, 2012, 08:01:24 PM
You're a retard.....and nobody is.
Ronald Reagan and his 50 percent tax rate RULZERS!


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 08, 2012, 08:02:28 PM
Ronald Reagan did like his 50 percent though!

(http://www.outsidethebeltway.com/wp-content/uploads/2011/09/top-marginal-tax-rate.png)
wonderful, why is that relevant to anything I said?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: The True Adonis on November 08, 2012, 08:05:29 PM
wonderful, why is that relevant to anything I said?
Its relevant because there have been instance where it was necessary.  World War II for example. 


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 08, 2012, 08:06:52 PM
Seriously? Half of anything over a million should be redistributed... you can still be filthy rich if that's your ambition...

*facepalm*


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 08, 2012, 08:11:15 PM
Its relevant because there have been instance where it was necessary.  World War II for example. 
perhaps, it certainly isnt at a time when the % of govt spending to GDP is anywhere as high as it is now.

Spending is the issue at hand and is what needs to be dealt with.

Why should the govt get tax ppl more b/c they cant get their fiscal house in order?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: The True Adonis on November 08, 2012, 08:21:54 PM
perhaps, it certainly isnt at a time when the % of govt spending to GDP is anywhere as high as it is now.

Spending is the issue at hand and is what needs to be dealt with.

Why should the govt get tax ppl more b/c they cant get their fiscal house in order?
Tax rates will always go up and down.  Its something we will have to get used to because its the only way revenue is generated to pay for the Defense Budget.  :-\


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 08, 2012, 08:25:32 PM
Tax rates will always go up and down.  Its something we will have to get used to because its the only way revenue is generated to pay for the Defense Budget.  :-\
hahaha yea its the defense budget that is bankrupting the nation.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: The True Adonis on November 08, 2012, 08:30:52 PM
hahaha yea its the defense budget that is bankrupting the nation.
Dwight Eisenhower thought so.

http://www.youtube.com/watch?v=8y06NSBBRtY


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 08, 2012, 08:34:35 PM
Dwight Eisenhower thought so.

http://www.youtube.com/watch?v=8y06NSBBRtY
hahaha Ill ask again why is that relevant to anything I said?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 08, 2012, 08:41:51 PM
if i was creating a tax plan, id probably do an income tax set at 30% of all earning over $120,000.  ($10,000 per month)

which means that if you make $120,000 you get to keep all of it. If you make $121,000 you get to keep $120,700. If you make $130,000 you get to keep $127,000.  etc.


what right does the govt have to 50% of anybodys shit?
good point. taxes are theft. id prefer if all government revenue came from voluntary donations.


perhaps, it certainly isnt at a time when the % of govt spending to GDP is anywhere as high as it is now.

Spending is the issue at hand and is what needs to be dealt with.

Why should the govt get tax ppl more b/c they cant get their fiscal house in order?
i think the main problemsa re medicare and social security.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: 240 is Back on November 08, 2012, 08:44:17 PM
OPPOSE


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 09, 2012, 03:17:59 AM
Who is proposing 50 percent?  ???

I'm proposing this


what right does the govt have to 50% of anybodys shit?

Don't you love your country?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: garebear on November 09, 2012, 03:26:44 AM
hahaha yea its the defense budget that is bankrupting the nation.
You don't think the defense budget is sucking up resources?

Are you being serious?

Jesus Christ, is there anyone even remotely in the dark about this?



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: garebear on November 09, 2012, 03:27:27 AM
.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Irongrip400 on November 09, 2012, 03:28:32 AM
*facepalm*


X2. Seriously, 500k take home a year is not filthy rich. It is a damn good living, but not filthy rich. I have no clue why you think that'd be a good idea. Every millionaire would just save up a few years, pull the cord on their golden parachute and expat from this place.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 09, 2012, 04:41:34 AM

X2. Seriously, 500k take home a year is not filthy rich. It is a damn good living, but not filthy rich. I have no clue why you think that'd be a good idea. Every millionaire would just save up a few years, pull the cord on their golden parachute and expat from this place.


guess they don't love their country

sounds like treason

sentence: death

100% of the estate transferred to the federal government

-end of transmission-


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: George Whorewell on November 09, 2012, 06:09:36 AM
Seriously? Half of anything over a million should be redistributed... you can still be filthy rich if that's your ambition...


Clearly, you must be poor and stupid.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Irongrip400 on November 09, 2012, 06:38:07 AM

guess they don't love their country

sounds like treason

sentence: death

100% of the estate transferred to the federal government

-end of transmission-

That is straight communism, right our of the Manifesto.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Irongrip400 on November 09, 2012, 06:47:26 AM
.

I know I will get fragged by you on this, but a lot of the military spending is out of control because of the way they have it set up and the people they have in place spending it/making decisions.  I will give two examples from my past.  The first company I worked for out of college sold/leased heavy equipment.  NAVFAC called and wanted a dozer for a month and wanted a quote.  I sent them a quote, with delivery and all, and it was around $4,100.  They used it for two weeks, sent it back, and the bill was only $2,800.  The lady who did the purchasing, actually called me back, and told me to bill for the full PO amount, because the paperwork was too much to redo. A few years ago, on a project I was working on for the NAVFAC through my own business, they misordered material, to the tune of around $22,000.  They told me at the end of the job, they had no use for it, and to take it or they would throw it away.  On the same job, they drug their feet on making a decision, which caused the material they had ordered at the beginning of the job to expire, and they had to throw it away.  Just on that one job alone, they wasted $30,000, and that was just on materials in my scope of work.  There is no accountability with these people with government jobs.  I really believe that things like that should be privatized, and even with the inherent corruption that may go with it, would still be cheaper and more efficient.  Just my two cents.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Necrosis on November 09, 2012, 08:05:59 AM
hahaha yea its the defense budget that is bankrupting the nation.

you get dumber with each post. Garebear posted a nice pie graph Tomy, have a look. You think spending more then the top 20 odd next nations in defense is wise? You realize how much infrastructure could be created with that, how much research and new technology made? Shit even space travel, medicine etc could be improved with all that dough.

once you realize team america world police was actually a documentary you will be better off.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Irongrip400 on November 09, 2012, 08:09:13 AM
you get dumber with each post. Garebear posted a nice pie graph Tomy, have a look. You think spending more then the top 20 odd next nations in defense is wise? You realize how much infrastructure could be created with that, how much research and new technology made? Shit even space travel, medicine etc could be improved with all that dough.

once you realize team america world police was actually a documentary you will be better off.

We can't just cut the spending.  It has to be tapered off, and our foreign policy changed.  If we just stopped spending, and our fleets became antiquated, I imagine a lot of countries we've pissed off would spring into action.  Not an ideal situation, seeing as how we made it for ourselves, but it is what it is.  there is not PCT, it must be tapered. ;D (bb related)


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 09, 2012, 08:11:09 AM
created with that, how much research and new technology made?

You have no idea how much of our current technology came out of the military industrial complex, do you?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 09, 2012, 08:32:38 AM
Seriously? Half of anything over a million should be redistributed... you can still be filthy rich if that's your ambition...

I am. And my answer would be the same if the amount was a billion, or even a trillion. I am opposed regardless of the amount.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 09, 2012, 08:56:56 AM
hahaha yea its the defense budget that is bankrupting the nation.

Actually the defense budget, with its sacred cows, is a part of the problem. With the amount of pork and extraneous fat in there our representatives owe it to us and to the country to go over the DoD budget with a fine tooth comb and come back with leaner numbers. But that's the case with just about every other part of the budget anyways. And it's their duty to see that every single fucking cent taken from us and spent on our behalf is well spent, because we busted our asses working hard to earn all those cents.

To be clear, I am not one to advocate cutting military spending by any fixed percent - such proclamations are as dumb as they are naive - but the need to trim the budget is practically self-evident and considering spending cuts is the sensible thing to do. The logic is simple: If our debt is a national security issue (which has been a big conservative talking point in this election cycle) then working to reduce the national debt ipso facto strengthens us. In order to achieve that we need to get over this notion that we have that military spending is sancrosanct, never to be touched unless touching is defined to mean "here's more money." That notion is bullshit.

I'll give you a good example, in addition to what irongrip400 posted above: I just did a quick Google search and this (http://www.allgov.com/news/where-is-the-money-going/pentagon-pays-720-million-for-storage-containersin-late-fees?news=843200) is the first thing that came up: The Department of Defense supposedly pissed away nearly $750,000,000 in late fees on rented shipping containers by not returning them on time. Perhaps there's a good reason - moving containers out of warzones may be prohibitevely expensive, perhaps even impossible. But when you consider that an average shipping container can be bought for less than $10,000 the fact is that for a much smaller amount the Pentagon could have outright just BOUGHT 75,000 containers and still have money left over! And this isn't an isolated incident of wasteful spending; there's a ton of other examples, some similar, some not. But this one, single waste of the money you worked hard for should make you take a step back and wonder "WHAT. THE. FUCK!?!?"

Wasteful spending, whether it's in the "defense budget" or the "welfare budget" is wasteful spending, it is bankrupting the nation, and it must be eliminated whenever and wherever it's found.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Roger Bacon on November 09, 2012, 08:59:09 AM
Seriously? Half of anything over a million should be redistributed... you can still be filthy rich if that's your ambition...


You're a goddamn fool



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: magikusar on November 09, 2012, 09:04:52 AM
end the income and corporate tax

0

corp just make prices higher anyhow when u tax em u morons

tax consumption, when mitt buys yaght then tax him

www.fairtax.org


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 09, 2012, 09:14:09 AM
The "FairTax" isn't quite fair and I don't like it as a system. But I am not opposed to eliminating the personal and corporate income taxes.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 09, 2012, 09:16:57 AM
If you are going to use top tax rates, and they are high... That's fine... I have no issue with that... but you have to specify what level is "top".

You can't just say everyone over 250K is 50% or even 1 Million.

But there has to be some understanding that if you make 40 million a year and you are a sole entity, that a few extra percentage points isn't going to hurt you.

Along with that we should be honest that while I am good with a lot of social programs, we have to cut most departments down some... is that 20%? 10?

I don't know just off the cuff... but some spending has to be curbed... EVERYWHERE.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Roger Bacon on November 09, 2012, 09:18:00 AM
I know I will get fragged by you on this, but a lot of the military spending is out of control because of the way they have it set up and the people they have in place spending it/making decisions.  I will give two examples from my past.  The first company I worked for out of college sold/leased heavy equipment.  NAVFAC called and wanted a dozer for a month and wanted a quote.  I sent them a quote, with delivery and all, and it was around $4,100.  They used it for two weeks, sent it back, and the bill was only $2,800.  The lady who did the purchasing, actually called me back, and told me to bill for the full PO amount, because the paperwork was too much to redo. A few years ago, on a project I was working on for the NAVFAC through my own business, they misordered material, to the tune of around $22,000.  They told me at the end of the job, they had no use for it, and to take it or they would throw it away.  On the same job, they drug their feet on making a decision, which caused the material they had ordered at the beginning of the job to expire, and they had to throw it away.  Just on that one job alone, they wasted $30,000, and that was just on materials in my scope of work.  There is no accountability with these people with government jobs.  I really believe that things like that should be privatized, and even with the inherent corruption that may go with it, would still be cheaper and more efficient.  Just my two cents.

Wow  :o


I've experienced situations like this on a local level. 


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 09, 2012, 09:24:54 AM
It is a sometimes scenario... For instance, I used to work for Government.

The bad was that if they had extra money in the bank... They had to spend it or they couldn't use it next year and they would have their budgets reduced since they didn't use it the previous year.

That's just insane... Instead of saying, look, you saved the money, we'll give you guys the same budget next year, by rolling this over into it and reducing what we give you next year, they say... you better spend it or you're fucked.

The good is the fact that government can not make a profit... In a highly SERVICE oriented environment with lots of people, you can't make a profit... So as a citizen, that's good.... Locally, I've seen private companies be contracted to do the same service that a previous agency was doing and the costs went up astronomically... Because companies are in the business to make a profit.

Period.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Irongrip400 on November 09, 2012, 10:29:07 AM
It is a sometimes scenario... For instance, I used to work for Government.

The bad was that if they had extra money in the bank... They had to spend it or they couldn't use it next year and they would have their budgets reduced since they didn't use it the previous year.

That's just insane... Instead of saying, look, you saved the money, we'll give you guys the same budget next year, by rolling this over into it and reducing what we give you next year, they say... you better spend it or you're fucked.

The good is the fact that government can not make a profit... In a highly SERVICE oriented environment with lots of people, you can't make a profit... So as a citizen, that's good.... Locally, I've seen private companies be contracted to do the same service that a previous agency was doing and the costs went up astronomically... Because companies are in the business to make a profit.

Period.


Which is exactly why I think it should be privatized.  That, or you give a bonus for being responsible and having money left on the tail end of a project.  I do that for my guys.  I have per diem when they travel.  They get the job done earlier than I thought, they get the per diem for the extra days, hotel money split between them etc.  I don't penalize them for going over my estimation, I just let them know that the money they get for raises is predicated on how profitable the company is.  Sometimes they get it, sometimes they don't, but they usually try to do better.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: The True Adonis on November 09, 2012, 10:30:25 AM
Which is exactly why I think it should be privatized.  That, or you give a bonus for being responsible and having money left on the tail end of a project.  I do that for my guys.  I have per diem when they travel.  They get the job done earlier than I thought, they get the per diem for the extra days, hotel money split between them etc.  I don't penalize them for going over my estimation, I just let them know that the money they get for raises is predicated on how profitable the company is.  Sometimes they get it, sometimes they don't, but they usually try to do better.
Did you ever make it out to Oxford?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Jack T. Cross on November 09, 2012, 10:49:23 AM
A privatized, global Plutocracy would do such wonders.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Irongrip400 on November 09, 2012, 12:58:56 PM
Did you ever make it out to Oxford?

I did, beautiful historic district.  I actually took a few pictures of houses while there.  Not much to do, but decent folks.  It was funny, I went to a biscuit shop, and was talking to the lady that owned it, and mentioned Henderson.  She said it's a horrible place, and that there was too much crime.  I could not imagine that, it seems like too small of a place, but compare it to Oxford and I'm sure it is a little bigger.  Also have worked in Butner and Person Co.  Butner, from what I saw was a dump.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: War-Horse on November 09, 2012, 01:09:45 PM
LOL at tonymctunes.   Took a beating. ;D


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Dos Equis on November 09, 2012, 01:42:23 PM
.

Source?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 09, 2012, 05:18:09 PM
You're a goddamn fool




possibly... but doubtful


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 09, 2012, 06:07:07 PM
.
do you know what discretionary means?

post a link to all of the govts spending not just discretionary...



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 09, 2012, 06:07:54 PM
LOL at tonymctunes.   Took a beating. ;D
you get dumber with each post. Garebear posted a nice pie graph Tomy, have a look. You think spending more then the top 20 odd next nations in defense is wise? You realize how much infrastructure could be created with that, how much research and new technology made? Shit even space travel, medicine etc could be improved with all that dough.

once you realize team america world police was actually a documentary you will be better off.
see the above post foreign moron...



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 09, 2012, 06:08:35 PM
Let me also state I never said that military spending wasnt out of control, only that it wasnt the reason we are broke....



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 09, 2012, 09:36:25 PM
that graph garebear posted is extremely misleading

in reality the  chart for the entire budget looks like

(http://upload.wikimedia.org/wikipedia/en/thumb/2/2b/U.S._Federal_Spending_-_FY_2011.png/300px-U.S._Federal_Spending_-_FY_2011.png)


medicare and social security combined equal about 1.5 trillion.  defense is 700 billion.


those entitlements were created, everyone supports them, but no one realized how expensive they would be and no one wants to raise taxes enough to pay for them.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 01:50:51 AM
that graph garebear posted is extremely misleading

in reality the  chart for the entire budget looks like

(http://upload.wikimedia.org/wikipedia/en/thumb/2/2b/U.S._Federal_Spending_-_FY_2011.png/300px-U.S._Federal_Spending_-_FY_2011.png)


medicare and social security combined equal about 1.5 trillion.  defense is 700 billion.


those entitlements were created, everyone supports them, but no one realized how expensive they would be and no one wants to raise taxes enough to pay for them.


so if you don't want to support those 2 vital social systems why not enforce a mandatory age of death for anyone with less than $1MIL of net assets?

Sound stupid?

then STFU and pay your share


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 05:14:15 AM
that graph garebear posted is extremely misleading

in reality the  chart for the entire budget looks like

(http://upload.wikimedia.org/wikipedia/en/thumb/2/2b/U.S._Federal_Spending_-_FY_2011.png/300px-U.S._Federal_Spending_-_FY_2011.png)


medicare and social security combined equal about 1.5 trillion.  defense is 700 billion.


those entitlements were created, everyone supports them, but no one realized how expensive they would be and no one wants to raise taxes enough to pay for them.
8) :)


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 05:17:57 AM

so if you don't want to support those 2 vital social systems why not enforce a mandatory age of death for anyone with less than $1MIL of net assets?

Sound stupid?

then STFU and pay your share
right, b/c thats the only solution right?

not cut spending in other areas...

not stop creating new programs that require money....

the only solution is for the govt to take away hard earned money from ppl who worked for it.

When you actually have work and have money youre going to have a different view of the world my friend.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 10, 2012, 06:11:10 AM
right, b/c thats the only solution right?

not cut spending in other areas...

not stop creating new programs that require money....

the only solution is for the govt to take away hard earned money from ppl who worked for it.

When you actually have work and have money youre going to have a different view of the world my friend.

I didnt know you were the only person on this board that have a job and money

I guess the rest of us is jobless broke people


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 06:19:09 AM
I didnt know you were the only person on this board that have a job and money

I guess the rest of us is jobless broke people
out of my whole post thats what you focus on?

Touche whork, I retract my previous statement.

Now respond to the other part of the post...


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 06:56:46 AM
right, b/c thats the only solution right?

not cut spending in other areas...

not stop creating new programs that require money....

the only solution is for the govt to take away hard earned money from ppl who worked for it.

When you actually have work and have money youre going to have a different view of the world my friend.



i've shared in other posts that i am canadian and work as a contact center director... i make a low six figure salary and pay a large portion of it in taxes.

my focus is on ensuring that my government is not unduly influenced by the private sector

having worked in sales in the private sector for my whole life i am not delusional about what deregulation means

regulation and government controls benefit the populace, protecting them from "profit at all cost"


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 07:11:02 AM


i've shared in other posts that i am canadian and work as a contact center director... i make a low six figure salary and pay a large portion of it in taxes.

my focus is on ensuring that my government is not unduly influenced by the private sector

having worked in sales in the private sector for my whole life i am not delusional about what deregulation means

regulation and government controls benefit the populace, protecting them from "profit at all cost"
and what does any of this have to do with my post you quoted?

if you want to get on your soap box and rant in broad terms with no specifics start another stupid thread.

This one was about taxes not regulations on business...

so again Ill say

right, b/c thats the only solution right?

not cut spending in other areas...

not stop creating new programs that require money....

also if youre concerned about your govt wtf are you doing posting about the american govt.



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Straw Man on November 10, 2012, 09:05:00 AM
50% is not necessary

just roll the upper tax bracket to where they were under Clinton and implement some of the changes recommended by Simpson-Bowles such as taxing short term capital gains and dividends as ordinary income.  


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Coach is Back! on November 10, 2012, 10:06:39 AM
Seriously? Half of anything over a million should be redistributed... you can still be filthy rich if that's your ambition...


Why? It's not their money, they didn't earn it. Why are you proposing (like Obama) having an increasingly lazy society? NOW, I'm being serious. Besides, with all of the tax we're paying now, income, fed, state, sales, cap gains, etc,etc we're already close to 50% and in some cases more.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 10:56:15 AM
50% is not necessary

just roll the upper tax bracket to where they were under Clinton and implement some of the changes recommended by Simpson-Bowles such as taxing short term capital gains and dividends as ordinary income.  

that's definitely a reasonable and balanced suggestion but with retards like the tea party crowd i think the US needs a mainstream socialist movement to help bring the populace back to the middle right



Why? It's not their money, they didn't earn it. Why are you proposing (like Obama) having an increasingly lazy society? NOW, I'm being serious. Besides, with all of the tax we're paying now, income, fed, state, sales, cap gains, etc,etc we're already close to 50% and in some cases more.

aren't you a capitalist? paying more in taxes just challenges you to earn more income... only a socialist would be afraid of the challenge


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 10, 2012, 12:00:35 PM
Why? It's not their money, they didn't earn it. Why are you proposing (like Obama) having an increasingly lazy society? NOW, I'm being serious. Besides, with all of the tax we're paying now, income, fed, state, sales, cap gains, etc,etc we're already close to 50% and in some cases more.

Exactly... Why is it that capital gains is taxed so low? Why is it that returning taxes to pre-Bush rates is so bad? Why is it we can't raise a little revenue and cut spending together?

I read somewhere that if we cut spending by about 15% and raise revenue by returning to pre-bush days,staying out of needless wars, and raising the top top level a bit that we could be cutting away at the debt and would have it pretty much paid down in about 20 years.

For a country that doesn't seem like a very long time and doesn't seem like a huge deal to me.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 10, 2012, 01:31:21 PM
Why? It's not their money, they didn't earn it. Why are you proposing (like Obama) having an increasingly lazy society? NOW, I'm being serious. Besides, with all of the tax we're paying now, income, fed, state, sales, cap gains, etc,etc we're already close to 50% and in some cases more.

Its not what you pay but what you get for your money.

How much is your health insurance?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 01:44:31 PM
Its not what you pay but what you get for your money.

How much is your health insurance?

i'm canadian

$0 in direct costs.... even if i need 15 triple bypasses while having 82 pre-existing conditions


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 10, 2012, 02:21:29 PM
i'm canadian

$0 in direct costs.... even if i need 15 triple bypasses while having 82 pre-existing conditions

Same here

I pay 75% of some of the income i make.

Yet im better of than most americans i have met.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 02:24:35 PM
Exactly... Why is it that capital gains is taxed so low? Why is it that returning taxes to pre-Bush rates is so bad? Why is it we can't raise a little revenue and cut spending together?

I read somewhere that if we cut spending by about 15% and raise revenue by returning to pre-bush days,staying out of needless wars, and raising the top top level a bit that we could be cutting away at the debt and would have it pretty much paid down in about 20 years.

For a country that doesn't seem like a very long time and doesn't seem like a huge deal to me.
I could get on board with that, the problem is you have sacred cows with spending and the reps giving in with tax cuts expiring they will wan the 15% to come from the dems favored programs.

and the dems wont cut those programs

also does that 15% number say that we shouldnt raise spending for the 20 years?

if thats the case then it wont work.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 02:25:36 PM
Same here

I pay 75% of some of the income i make.

Yet im better of than most americans i have met.
and youre ok with that?

what country do you live in whork?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 10, 2012, 02:28:48 PM
I could get on board with that, the problem is you have sacred cows with spending and the reps giving in with tax cuts expiring they will wan the 15% to come from the dems favored programs.

and the dems wont cut those programs

also does that 15% number say that we shouldnt raise spending for the 20 years?

if thats the case then it wont work.

Yes... the 15% number is saying we should not raise spending at all for that time frame and after the 15% cut, we hold steady with that budget and do not deviate.

Again, it was something I was reading somewhere and it was something that from a pragmatic stance made sense.

Mostly because I've been saying it for the past 4 fucking years and no one listens, but it was nice to have the numbers to just back up my opinion.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 02:29:10 PM
I could get on board with that, the problem is you have sacred cows with spending and the reps giving in with tax cuts expiring they will wan the 15% to come from the dems favored programs.

and the dems wont cut those programs

also does that 15% number say that we shouldnt raise spending for the 20 years?

if thats the case then it wont work.

fair point... but modern republicanism isn't the answer... the tea party movement is retarded


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 10, 2012, 02:29:31 PM
and youre ok with that?

what country do you live in whork?

It sucks but then again i dont have to worry about health care, we have a good safety net if you get unemployed etc..
So im ok with it i guess

I live in Denmark


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 02:33:36 PM
fair point... but modern republicanism isn't the answer... the tea party movement is retarded

Oh Ill agree with that all day long my friend

however youre as delusional as the republicans if you think obama and the modern day liberal are the answer as well.

thats what you seem to want to push and its just as idiotic and probable to lead to disaster as the opposing plan.

you do know Ernst and Young one of the most respected accounting/consulting firms in the world already looked at obamas tax plan is said it would cost up 700K+ jobs

right?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 10, 2012, 02:35:35 PM
Oh Ill agree with that all day long my friend

however youre as delusional as the republicans if you think obama and the modern day liberal are the answer as well.

thats what you seem to want to push and its just as idiotic and probable to lead to disaster as the opposing plan.

you do know Ernst and Young one of the most respected accounting/consulting firms in the world already looked at obamas tax plan is said it would cost up 700K+ jobs

right?

I didnt know Obama had a plan to be honest


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 10, 2012, 02:35:39 PM
Oh Ill agree with that all day long my friend

however youre as delusional as the republicans if you think obama and the modern day liberal are the answer as well.

thats what you seem to want to push and its just as idiotic and probable to lead to disaster as the opposing plan.

you do know Ernst and Young one of the most respected accounting/consulting firms in the world already looked at obamas tax plan is said it would cost up 700K+ jobs

right?

Perhaps true... but Romney's plan was no better... He really didn't have one anyway... Just some talking points... Never anything concrete.

When you have a wish in one hand and shit in the other, guess which one fills up first.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 02:40:35 PM
Oh Ill agree with that all day long my friend

however youre as delusional as the republicans if you think obama and the modern day liberal are the answer as well.

thats what you seem to want to push and its just as idiotic and probable to lead to disaster as the opposing plan.

you do know Ernst and Young one of the most respected accounting/consulting firms in the world already looked at obamas tax plan is said it would cost up 700K+ jobs

right?


wasn't that study funded by conservative interests?

don't get wagged


Perhaps true... but Romney's plan was no better... He really didn't have one anyway... Just some talking points... Never anything concrete.

When you have a wish in one hand and shit in the other, guess which one fills up first.

the lack of political will on both sides is sad...


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 02:42:42 PM
Perhaps true... but Romney's plan was no better... He really didn't have one anyway... Just some talking points... Never anything concrete.

When you have a wish in one hand and shit in the other, guess which one fills up first.
again agree all day on that.

Romney I believe would have been hands down better for business and therefore getting the economy going again and thats where my vote started and stopped.

you cant tax money that ppl arent making so in order to raise revenues through taxes its best to have a good economy.

Obama wants to raise taxes in the middle of a shitty economy which is just fuking moronic.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 10, 2012, 02:44:10 PM
again agree all day on that.

Romney I believe would have been hands down better for business and therefore getting the economy going again and thats where my vote started and stopped.

you cant tax money that ppl arent making so in order to raise revenues through taxes its best to have a good economy.

Obama wants to raise taxes in the middle of a shitty economy which is just fuking moronic.

I don't disagree completely... but the country does need revenue.

It ALSO needs to cut spending... It just does.

We can not continue to spend money like we are fighting the commies... It's just not realistic anymore.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 02:48:23 PM

wasn't that study funded by conservative interests?

don't get wagged


the lack of political will on both sides is sad...

yes it was but it wasnt conducted by them, it was conducted by Ernst and Young one of the worlds most respected accounting/consulting firms

dont be niave, if you feel the study was inaccurate please do tell but EY is beyond reproach on being biased simply b/c the funds came from sources you deem biased.

They arent one of the countries big 5 accounting firms for no reason, as a matter of fact they may be in the big 3 i cant remember.

The political will is certainly their its the lack of personal sacrifice on all ends of the spectrum that is sickening.

Ppl are voting on what will benefit them the most, not what will benefit the country the most. Short sighted idiots who want to take a quick boost in (Insert benefit here) without looking at the long term costs. This election is a prime example, ppl dont realize that if the country keeps going in the direction its in and it most certainly will with obama that taxes on everyone will have to be raised to deal with the debt.

I said it 4 years ago and its more true today.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 10, 2012, 02:50:50 PM
Considering the income the military, the infrastructure etc has contributed to the businesses is this so unfair?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 03:00:32 PM
I don't disagree completely... but the country does need revenue.

It ALSO needs to cut spending... It just does.

We can not continue to spend money like we are fighting the commies... It's just not realistic anymore.
agreed, the thing obama/dems wont tell you is that cutting spending is better and has a greater effect than raising revenue from taxes.

Its a simple numbers game my friend.

cutting spending from operations is equivilant to an exponential raising in revenue. If you know how to produce an income statement you can do this easily. Increasing the bottom line(govt savings) by reducing operating costs is much more effective than increasing revenue.

Make an I/S with just revenue, Cost of goods sold, Gross margin, Operating costs and Net income.

now reduce operating costs by 10% and see the effect on net income. Then using the original numbers see how much you have to raise revenue to have the same effect on net income.

cutting costs is much more effective/efficient in having an impact in the bottom line then revenue.  

I can draw that out for the non believers.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 10, 2012, 03:03:05 PM
agreed, the thing obama/dems wont tell you is that cutting spending is better and has a greater effect than raising revenue from taxes.

Its a simple numbers game my friend.

cutting spending from operations is equivilant to an exponential raising in revenue. If you know how to produce an income statement you can do this easily. Increasing the bottom line(govt savings) by reducing operating costs is much more effective than increasing revenue.

Make an I/S with just revenue, Cost of goods sold, Gross margin, Operating costs and Net income.

now reduce operating costs by 10% and see the effect on net income. Then using the original numbers see how much you have to raise revenue to have the same effect on net income.

cutting costs is much more effective/efficient in having an impact in the bottom line then revenue. 

I can draw that out for the non believers.

This is true... Which is why I've been a big proponent of it.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 10, 2012, 03:10:27 PM
agreed, the thing obama/dems wont tell you is that cutting spending is better and has a greater effect than raising revenue from taxes.

Its a simple numbers game my friend.

cutting spending from operations is equivilant to an exponential raising in revenue. If you know how to produce an income statement you can do this easily. Increasing the bottom line(govt savings) by reducing operating costs is much more effective than increasing revenue.

Make an I/S with just revenue, Cost of goods sold, Gross margin, Operating costs and Net income.

now reduce operating costs by 10% and see the effect on net income. Then using the original numbers see how much you have to raise revenue to have the same effect on net income.

cutting costs is much more effective/efficient in having an impact in the bottom line then revenue.  

I can draw that out for the non believers.

Good post


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 03:29:14 PM
yes it was but it wasnt conducted by them, it was conducted by Ernst and Young one of the worlds most respected accounting/consulting firms

dont be niave, if you feel the study was inaccurate please do tell but EY is beyond reproach on being biased simply b/c the funds came from sources you deem biased.

They arent one of the countries big 5 accounting firms for no reason, as a matter of fact they may be in the big 3 i cant remember.

The political will is certainly their its the lack of personal sacrifice on all ends of the spectrum that is sickening.

Ppl are voting on what will benefit them the most, not what will benefit the country the most. Short sighted idiots who want to take a quick boost in (Insert benefit here) without looking at the long term costs. This election is a prime example, ppl dont realize that if the country keeps going in the direction its in and it most certainly will with obama that taxes on everyone will have to be raised to deal with the debt.

I said it 4 years ago and its more true today.



if i give you 50 million dollars to tell me what i want to hear then you will tell me what i want to hear


and enron was once the toast of wall street


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 03:42:00 PM


if i give you 50 million dollars to tell me what i want to hear then you will tell me what i want to hear


and enron was once the toast of wall street

LOL EY pissess 50 million dollars and they also have a reputation to uphold. I know that may not mean anything to you but trust in the realm of accounting and consulting your reputation means everything.

again if you believe the study to be biased please do tell why, saying it was sponsered by ppl with political ideology means nothing in how the study was conducted.

Im waiting for a legit response as to why you fell the study is inaccurate.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 03:49:42 PM
LOL EY pissess 50 million dollars and they also have a reputation to uphold. I know that may not mean anything to you but trust in the realm of accounting and consulting your reputation means everything.

again if you believe the study to be biased please do tell why, saying it was sponsered by ppl with political ideology means nothing in how the study was conducted.

Im waiting for a legit response as to why you fell the study is inaccurate.


i doubt i would be able to persuade you to see my point of view...

see i don't care much about anything other than being happy, spending time with my wife, daughter and dog

i don't mind paying taxes, don't want to be a millionaire and spend most of the day ignoring the rest of the world


one thing i do know is that reputation is a matter of opinion... "consultants" are like teachers to me... "those who can't do, [consult]"


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 03:51:59 PM

i doubt i would be able to persuade you to see my point of view...

see i don't care much about anything other than being happy, spending time with my wife, daughter and dog

i don't mind paying taxes, don't want to be a millionaire and spend most of the day ignoring the rest of the world


one thing i do know is that reputation is a matter of opinion... "consultants" are like teachers to me... "those who can't do, [consult]"

if you had a legit reason to consider this study flawed you certainly could change my mind.

hahaha i feel the same way about ppl yelling for higher taxes, ppl that cant earn a good amount of money want to tax the ppl that do so they can have more...

so Ill take your response as you dont have a legit reason to doubt their study then.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 10, 2012, 04:02:52 PM
if you had a legit reason to consider this study flawed you certainly could change my mind.

hahaha i feel the same way about ppl yelling for higher taxes, ppl that cant earn a good amount of money want to tax the ppl that do so they can have more...

so Ill take your response as you dont have a legit reason to doubt their study then.

What part of Obamas plan would cost jobs?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 04:07:37 PM
What part of Obamas plan would cost jobs?
the part on raising taxes, you can do a search and read it for yourself and then you can come back and tell wooo what if any issues you find if any


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 10, 2012, 04:09:11 PM
the part on raising taxes, you can do a search and read it for yourself and then you can come back and tell wooo what if any issues you find if any

Are we talking the Bush tax cuts?

I havent seen any tax increases by Obama


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 04:09:29 PM
so Ill take your response as you dont have a legit reason to doubt their study then.


call it instinct


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 10, 2012, 04:10:47 PM
Are we talking the Bush tax cuts?

I havent seen any tax increases by Obama

Yeah, I think he means the return to the old rates... Also he may want to do that keep most of the cuts on those making 250K or less and returning some of the others to the highest bracket.

Honestly I see a new plan having to be pulled out completely.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 04:13:02 PM

call it instinct
I call it stupidity ;)


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 10, 2012, 04:16:00 PM
Yeah, I think he means the return to the old rates... Also he may want to do that keep most of the cuts on those making 250K or less and returning some of the others to the highest bracket.

Honestly I see a new plan having to be pulled out completely.

So rolling back the Bush tax cuts is gonna cost jobs?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 04:17:22 PM
So rolling back the Bush tax cuts is gonna cost jobs?
read the study!!!


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: War-Horse on November 10, 2012, 04:52:46 PM
Theres nothing wrong with the millionaires paying what the standard was before the cuts. The cuts  were arranged to stimulate the economy and provide trickle down effect...........IT NEVER HAPPENED.   The wealthy push money into offshore accounts and hideouts....not into the economy for the middle class.  Why is this so hard for you to understand ???

The middle class spends all their check back into circulation for the economy......wealthy DONT!

I heard a billionaire on CNN say he cant buy 100,000 cars every year and 10,000 homes......only the middle class (His employees)can.  He GETS it!   We are the engine of the economy and tax cuts for US keep him alive.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 04:59:35 PM
Theres nothing wrong with the millionaires paying what the standard was before the cuts. The cuts  were arranged to stimulate the economy and provide trickle down effect...........IT NEVER HAPPENED.   The wealthy push money into offshore accounts and hideouts....not into the economy for the middle class.  Why is this so hard for you to understand ???

The middle class spends all their check back into circulation for the economy......wealthy DONT!

I heard a billionaire on CNN say he cant buy 100,000 cars every year and 10,000 homes......only the middle class (His employees)can.  He GETS it!   We are the engine of the economy and tax cuts for US keep him alive.
they also reinvest in their companies, increase companies savings and personal savings which in turn their banks lend back out and if you google the money multiplier effect you will see why thats a good thing.

theres also that whole thing about losing 700K+ jobs if taxes are raised in the middle of this shit storm.

Time and place moron time and place


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 05:09:17 PM
they also reinvest in their companies, increase companies savings and personal savings which in turn their banks lend back out and if you google the money multiplier effect you will see why thats a good thing.

theres also that whole thing about losing 700K+ jobs if taxes are raised in the middle of this shit storm.

Time and place moron time and place



i say, let's roll the dice

after all

i live in canada


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 05:12:51 PM


i say, let's roll the dice

after all

i live in canada
hahahah :)


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 05:17:06 PM
hahahah :)


if it doesn't work out you can come see how the commies live up here 


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: garebear on November 10, 2012, 05:19:37 PM
that graph garebear posted is extremely misleading

in reality the  chart for the entire budget looks like

(http://upload.wikimedia.org/wikipedia/en/thumb/2/2b/U.S._Federal_Spending_-_FY_2011.png/300px-U.S._Federal_Spending_-_FY_2011.png)


medicare and social security combined equal about 1.5 trillion.  defense is 700 billion.


those entitlements were created, everyone supports them, but no one realized how expensive they would be and no one wants to raise taxes enough to pay for them.
You're right. I was hasty and posted a wrong graph.

I'll try to be more careful in the future.

However, I still believe that military spending is out of control.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 05:25:57 PM

if it doesn't work out you can come see how the commies live up here 
hahahah i recently heard on a television show that you can drink hard liquor at your butt naked strip clubs.

can you confirm this?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 05:26:58 PM
You're right. I was hasty and posted a wrong graph.

I'll try to be more careful in the future.

However, I still believe that military spending is out of control.
you werent hasty, you didnt know what the term discretionary meant...


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: War-Horse on November 10, 2012, 05:27:39 PM
they also reinvest in their companies, increase companies savings and personal savings which in turn their banks lend back out and if you google the money multiplier effect you will see why thats a good thing.

theres also that whole thing about losing 700K+ jobs if taxes are raised in the middle of this shit storm.

Time and place moron time and place


Wealthy owners did that before the global economy got easy to move around in.  "Trickle down" doesnt exist.  Middle class is the engine. Good lord your a dense one.......you and coach are seen as worthless shit by your party. When the door closes the "Mitts" tell the truth about what they think of you.....47%.............thats truth.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 05:29:40 PM

Wealthy owners did that before the global economy got easy to move around in.  "Trickle down" doesnt exist.  Middle class is the engine. Good lord your a dense one.......you and coach are seen as worthless shit by your party. When the door closes the "Mitts" tell the truth about what they think of you.....47%.............thats truth.
ahhhhh its been "easy" to move money around for decades now....

I agree the middle class is the engine and the business owners are the drivers. you need both of them, without investments and savings the middle class wouldnt have jobs you dumb ass.



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: War-Horse on November 10, 2012, 05:32:44 PM
ahhhhh its been "easy" to move money around for decades now....

I agree the middle class is the engine and the business owners are the drivers. you need both of them, without investments and savings the middle class wouldnt have jobs you dumb ass.




You seem retarded. So you agree that the cuts should go to the engine and the wealthy are going to be okay losing a little lunch money.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 05:35:21 PM
hahahah i recently heard on a television show that you can drink hard liquor at your butt naked strip clubs.

can you confirm this?

absolutely... they even have 'contact' strip clubs... like on bourbon street...


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Irongrip400 on November 10, 2012, 06:21:59 PM
absolutely... they even have 'contact' strip clubs... like on bourbon street...

I've drank hard liquor in strip clubs in Vegas, and those bitches got naked. Also in West Virginia they are full nude, and you can get liquor.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 10, 2012, 06:24:08 PM
I've drank hard liquor in strip clubs in Vegas, and those bitches got naked. Also in West Virginia they are full nude, and you can get liquor.

where i used to live in downtown montreal, i could walk to over 20 strip clubs in less than 10 minutes


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: JBGRAY on November 10, 2012, 06:50:45 PM
The US does not have a taxing problem...it has a SPENDING problem.

You can increase taxes by 100% across the board and you still wouldn't be able to put a serious dent in the national debt.

American has decided it will be a world policeman and a nation filled with those on the government dole.  Unless extreme cuts are directed towards Medicare/Medicaid, public assistance, and Defense, the United States will become bankrupt.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 09:58:33 PM

You seem retarded. So you agree that the cuts should go to the engine and the wealthy are going to be okay losing a little lunch money.
if thats what you got from that post you have major reading comprehension problems...

everyone should be able to keep more of their money, as Ive already shown spending cuts have a much bigger impact on the bottom line than tax increases.

I can re-explain it to you but you wouldnt think I would have to for someone who supposedly owned their own business ::) what type of business was that again.

both are important and both should be able to keep more of their hard earned money away from the inefficient and money grubbing hands of the govt, what part of that do you not comprehend dumb ass?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 09:59:51 PM
absolutely... they even have 'contact' strip clubs... like on bourbon street...
that settles it free health care and welfare for all!!!

boobs, liquor and full contact lap dances!!!

Im running for office bitches!!!!!


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 10, 2012, 10:34:32 PM
Running on a booze and lapdances platform would probably be pretty successful in most races


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 10, 2012, 10:38:04 PM
Running on a booze and lapdances platform would probably be pretty successful in most races
dont forget the boobs dizzle!!!


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 10, 2012, 10:43:40 PM
Lol I'm more of an ass man haha


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 10, 2012, 11:01:47 PM
Seriously? Half of anything over a million should be redistributed... you can still be filthy rich if that's your ambition...


No objection here. 


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 11, 2012, 12:40:54 AM
No objection here. 

Of course not - why shouldn't people who make more money than you be forced to give that money to you? ::)


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 11, 2012, 03:29:13 AM
that settles it free health care and welfare for all!!!

boobs, liquor and full contact lap dances!!!

Im running for office bitches!!!!!


like i said... that's canada in a nutshell


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 11, 2012, 10:04:25 AM
I think the real question here, isn't why shouldn't they give it up, its why should they be forced to fork over half of what they earn? It makes no sense. Go out and earn a lot of money, but if you do, we're going to take half.

You get half, we get the other half of your work. Yup, sounds fair.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 11:54:15 AM
The same could be said about any tax of any kind and any type. Besides, I don't think the thees starter wants to take half of what people earn, but half of what they earn over 1 million.  So if you make 1.5 million then don't get taxed 750k you only get taxed 250k (half of earnings OVER 1 million )


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 11, 2012, 12:25:04 PM
The same could be said about any tax of any kind and any type. Besides, I don't think the thees starter wants to take half of what people earn, but half of what they earn over 1 million.  So if you make 1.5 million then don't get taxed 750k you only get taxed 250k (half of earnings OVER 1 million )
that 1 million would still get taxed at a lower rate as well dizzle thats the way our tax system works.

again why does anybody feel the govt has a right to 50% of anybodies shit?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Jack T. Cross on November 11, 2012, 12:31:06 PM
If there's limited wealth on this planet, it seems we have to be more realistic about what's "hard earned" and what's not.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 11, 2012, 12:31:43 PM
that 1 million would still get taxed at a lower rate as well dizzle thats the way our tax system works.

again why does anybody feel the govt has a right to 50% of anybodies shit?
They don't. I think Taylors point was that anything OVER 1 million, the goverment takes 50%. So in reality, if you made 2 million, they'd take 500k from the 2nd million, in addition to the standard tax rate on the 1st million.

If that makes sense. I worded that poorly I think.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 12:35:13 PM
Yes that's how our system works but I wouldn't have it set up that way if it was up to me. I don't like taxation because its coercion howeve being pragmatic and realizing the debt we have and the entitlements we need to honor I would enact something like first 250k is tax free and everything over that gets taxed at 30 or 40percent


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 11, 2012, 12:36:09 PM
Yes that's how our system works but I wouldn't have it set up that way if it was up to me. I don't like taxation because its coercion howeve being pragmatic and realizing the debt we have and the entitlements we need to honor I would enact something like first 250k is tax free and everything over that gets taxed at 30 or 40percent
Im not sure there is enough people earning over 250k to support our current system.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 12:37:56 PM
Asking what right the government has to take 50% of somebodies money is a good question that applies even if the government is only takin 0.01% of peoples wealth. 


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 11, 2012, 12:39:42 PM
Asking what right the government has to take 50% of somebodies money is a good question that applies even if the government is only takin 0.01% of peoples wealth. 
I feel that we have a duty to pay taxes not for the governments sake, but for the sake of our fellow citizens... but IMHO, 50% is retarded no matter how much you make. I guess it becomes a question of, where is the line?

Like some people have said, a sales tax would make more sense, the more you buy, the more you pay in.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 12:40:14 PM
Probably not but if you apply that tax rate to capital gains and inheritance and don't allow any exemptions of any kind then it would probably be sufficient so long as we started being better about how we invest and spend our revenues


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 11, 2012, 12:41:59 PM
Probably not but if you apply that tax rate to capital gains and inheritance and don't allow any exemptions of any kind then it would probably be sufficient so long as we started being better about how we invest and spend our revenues
I don't agree with inheritance, that money has already been taxed. Why should it be taxed twice?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 12:44:15 PM
A duty to your fellow man doesn't mean paying taxes it just means helping in what way you can.  Besides, if your neong forced to give the money, is there really any moral value to that act? It wasn't by choice that you psof the tax, OT was at gun point.  Now if on your income statement you got to voluntarily check a box for a program and donate however much you wanted, then that would be morally valuable


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 12:46:52 PM
I don't agree woth a tax of any kind but of were going to have a system then I don't care of inheritance is taxed twice its still not money that the individual earned personally and if rather tax such wealth over other kinds that were earned by the individisl neong taxed


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 12:48:22 PM
Individual being taxed.  Sorry got aanew phone and leaning how to use it on the internet. Late model blackmeet with touch let pad that is tough to use


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 11, 2012, 03:48:26 PM
Of course not - why shouldn't people who make more money than you be forced to give that money to you? ::)

I don't need anybody else' money.  I've worked full time since I was 19.  I've been fortunate to never need unemployment, disability or any federal assistance.  I don't know that the percentage actually needs to be 50% over a million, but if you make over a million your either lucky or you've been aided by the social infrastructure of this country.  Like the president said, your business has benefited from the roads that all of us pay for.  For the police and firemen that we pay for.  For the teachers we pay for that educate your employees.  If it were me, I'd go back to Clinton rates for 250,0000-1,000,000 and 50% for 1,000,000 and beyond for two years.  But I'd never go above 50%.  In fact, once were back to solvency I'd reduce it by 5% in two year intervals until it got back down to Clinton rates so long as budgets were balanced and our economy was healthy, vibrant and strong.  Maybe then, at the end of a fiscal year the surplus could actually be rebated to individuals who paid into it.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: War-Horse on November 11, 2012, 03:52:10 PM
I don't need anybody else' money.  I've worked full time since I was 19.  I've been fortunate to never need unemployment, disability or any federal assistance.  I don't know that the percentage actually needs to be 50% over a million, but if you make over a million your either lucky or you've been aided by the social infrastructure of this country.  Like the president said, your business has benefited from the roads that all of us pay for.  For the police and firemen that we pay for.  For the teachers we pay for that educate your employees.  If it were me, I'd go back to Clinton rates for 250,0000-1,000,000 and 50% for 1,000,000 and beyond for two years.  But I'd never go above 50%.  In fact, once were back to solvency I'd reduce it by 5% in two year intervals until it got back down to Clinton rates so long as budgets were balanced and our economy was healthy, vibrant and strong.  Maybe then, at the end of a fiscal year the surplus could actually be rebated to individuals who paid into it.


Excellant post.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 11, 2012, 03:55:14 PM
I don't need anybody else' money.  I've worked full time since I was 19.  I've been fortunate to never need unemployment, disability or any federal assistance.  I don't know that the percentage actually needs to be 50% over a million, but if you make over a million your either lucky or you've been aided by the social infrastructure of this country.  Like the president said, your business has benefited from the roads that all of us pay for.  For the police and firemen that we pay for.  For the teachers we pay for that educate your employees.  If it were me, I'd go back to Clinton rates for 250,0000-1,000,000 and 50% for 1,000,000 and beyond for two years.  But I'd never go above 50%.  In fact, once were back to solvency I'd reduce it by 5% in two year intervals until it got back down to Clinton rates so long as budgets were balanced and our economy was healthy, vibrant and strong.  Maybe then, at the end of a fiscal year the surplus could actually be rebated to individuals who paid into it.
right right, its all luck...

dont worry about the hard work or the money they invested and risked they just opened a business and got lucky...

by the way spending cuts have a much bigger impact on savings then raising taxes so that would be the logical place to start


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 11, 2012, 03:56:32 PM
right right, its all luck...

dont worry about the hard work or the money they invested and risked they just opened a business and got lucky...

by the way spending cuts have a much bigger impact on savings then raising taxes so that would be the logical place to start

Utter nonsense.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 11, 2012, 04:00:28 PM
Utter nonsense.
hahah brilliant response...

its not up for debate abraham.

business owners put up their investments and risk losing them if the company goes under.

What do you risk working for them? your job...

they risk the capital they invested, depending on the type of business possibly even their assets outside of the business i.e. their homes, cars, cash etc.

Also spending cuts absolutely have a bigger impact on the bottom line than tax hikes.

I laid it out earlier in this thread but I can definitely make you look more foolish if youd like.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: War-Horse on November 11, 2012, 04:05:21 PM
hahah brilliant response...

its not up for debate abraham.

business owners put up their investments and risk losing them if the company goes under.

What do you risk working for them? your job...

they risk the capital they invested, depending on the type of business possibly even their assets outside of the business i.e. their homes, cars, cash etc.

Also spending cuts absolutely have a bigger impact on the bottom line than tax hikes.

I laid it out earlier in this thread but I can definitely make you look more foolish if youd like.




Good news for you tony. When they pay their fair share ( Back to clinton rates)  They also pay LESS TAXES on taxable income......LOL.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 11, 2012, 04:11:21 PM



Good news for you tony. When they pay their fair share ( Back to clinton rates)  They also pay LESS TAXES on taxable income......LOL.

is this like your claim that the 30 million left uninsured by obama care will be claimed as revenue? ::)

what type of business did you own war horse?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: rachaelsnav on November 11, 2012, 04:54:14 PM
I think it is more important that the 50% who pay no taxes start contributing.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: War-Horse on November 11, 2012, 05:12:27 PM
is this like your claim that the 30 million left uninsured by obama care will be claimed as revenue? ::)

what type of business did you own war horse?


If 30 million people start paying a 100- 200 dollars a month to insurance companies for policies...that is revenue you retard.   And dont worry bout expenses out because actuaries do the math. 

Quit asking me stupid questions


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 11, 2012, 05:14:02 PM

If 30 million people start paying a 100- 200 dollars a month to insurance companies for policies...that is revenue you retard.   And dont worry bout expenses out because actuaries do the math. 

Quit asking me stupid questions
the money for the 30 million is coming from other ppls pockets!!!

so youre taking from one pot to fill another but you still think youre coming out ahead?

hahah what a furtada


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 11, 2012, 05:32:40 PM
I think it is more important that the 50% who pay no taxes start contributing.

Listen up girl.  47% don't pay income tax.  However, because of the low level of income they pay out a MUCH greater percentage of what they make in taxes than do the rich.  Gas tax, sales tax, etc. etc.  A person making $20,000 doles out more per dollar earned than say the person making 2 million, or 200K or 75K for that matter.  Stick to what you know.  Kitchen work and blowjobs.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 11, 2012, 05:34:09 PM
Listen up girl.  47% don't pay income tax.  However, because of the low level of income they pay out a MUCH greater percentage of what they make in taxes than do the rich.  Gas tax, sales tax, etc. etc.  A person making $20,000 doles out more per dollar earned than say the person making 2 million, or 200K or 75K for that matter.  Stick to what you know.  Kitchen work and blowjobs.
and?

why does that give the govt the right to take away more money from someone else?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 11, 2012, 05:39:44 PM
and?

why does that give the govt the right to take away more money from someone else?

It's a matter of fairness.  If all the taxes someone making 20K a year pays adds up to 8K.  That's 40% of their income going to taxes.  Yet Willard Mitt Romney makes millions and in a good year pays 13-15% something is not right.  Like me, your here on getbig talking shit and wasting time.  It's all good, it's all fun.  Neither one of us is probably in that +250K category anyways.  My question to you is why do you insist on carrying water for these people and voting against your best interest?  Is it the fairy tale that one day you will win the lottery of inherit millions?  Because in all likelihood, that is a fairy tale.  If not that, I have to assume it's because you've taken the race bait.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 11, 2012, 05:47:27 PM
It's a matter of fairness.  If all the taxes someone making 20K a year pays adds up to 8K.  That's 40% of their income going to taxes.  Yet Willard Mitt Romney makes millions and in a good year pays 13-15% something is not right.  Like me, your here on getbig talking shit and wasting time.  It's all good, it's all fun.  Neither one of us is probably in that +250K category anyways.  My question to you is why do you insist on carrying water for these people and voting against your best interest?  Is it the fairy tale that one day you will win the lottery of inherit millions?  Because in all likelihood, that is a fairy tale.  If not that, I have to assume it's because you've taken the race bait.
b/c what you dont understand is that its not in the country's best interest!!!

WE CANNOT TAX OUR WAY OUT OF THIS BY JUST TAXING THE RICH...

you continue to play this idiotic game of trying to take more from the "rich" to provide for the "poor". The govt is over spending and if they continue EVERYBODY WILL HAVE TO PAY MORE YOU DUMB ASS!!!!

Spending cuts are much more effective at helping reduce the debt than tax hikes...thats a FACT

if you think we cant cut spending and have EVERYONE keep more of their hard earned money youre a dumb ass.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 11, 2012, 06:12:21 PM
b/c what you dont understand is that its not in the country's best interest!!!

WE CANNOT TAX OUR WAY OUT OF THIS BY JUST TAXING THE RICH...

you continue to play this idiotic game of trying to take more from the "rich" to provide for the "poor". The govt is over spending and if they continue EVERYBODY WILL HAVE TO PAY MORE YOU DUMB ASS!!!!

Spending cuts are much more effective at helping reduce the debt than tax hikes...thats a FACT

if you think we cant cut spending and have EVERYONE keep more of their hard earned money youre a dumb ass.


tony

you need to chill

you're going to stroke out


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Grape Ape on November 11, 2012, 06:19:04 PM
It's a matter of fairness.  If all the taxes someone making 20K a year pays adds up to 8K.  That's 40% of their income going to taxes.  Yet Willard Mitt Romney makes millions and in a good year pays 13-15% something is not right.  Like me, your here on getbig talking shit and wasting time.  It's all good, it's all fun.  Neither one of us is probably in that +250K category anyways.  My question to you is why do you insist on carrying water for these people and voting against your best interest?  Is it the fairy tale that one day you will win the lottery of inherit millions?  Because in all likelihood, that is a fairy tale.  If not that, I have to assume it's because you've taken the race bait.

Serious question because I don't know - how much lower were his  taxes by % due to the millions he gave to charity?  Any, none?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 11, 2012, 06:27:56 PM

tony

you need to chill

you're going to stroke out

hahah yea I know and the Texans are on right now too plus im basically neck and neck in fantasy football this week and need a win.

Im wound pretty tight right now.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 11, 2012, 06:28:05 PM
b/c what you dont understand is that its not in the country's best interest!!!

WE CANNOT TAX OUR WAY OUT OF THIS BY JUST TAXING THE RICH...

you continue to play this idiotic game of trying to take more from the "rich" to provide for the "poor". The govt is over spending and if they continue EVERYBODY WILL HAVE TO PAY MORE YOU DUMB ASS!!!!

Spending cuts are much more effective at helping reduce the debt than tax hikes...thats a FACT

if you think we cant cut spending and have EVERYONE keep more of their hard earned money youre a dumb ass.
I always laugh when someone says "Why do you vote against your best interest?"

There is a bigger picture beyond myself. The world would be a pretty fucked up place if everyone put their best interest above everything else.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 11, 2012, 06:30:21 PM
I always laugh when someone says "Why do you vote against your best interest?"

There is a bigger picture beyond myself. The world would be a pretty fucked up place if everyone put their best interest above everything else.
exactly, I understand best interest...what they dont understand is they are voting for best short term interest not long term.

We are just digging the hole deeper and deeper and sooner or later the politicians are going to look at the middle class for money b/c they cant get enough from the "rich"

its just simply idiotic to think we can keep spending and spending and never have it effect the middle class.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 11, 2012, 06:30:54 PM
Treating the symptom not the problem.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 11, 2012, 07:03:16 PM
I always laugh when someone says "Why do you vote against your best interest?"

There is a bigger picture beyond myself. The world would be a pretty fucked up place if everyone put their best interest above everything else.

Half of this country votes against their best interest.  Hence the problems we face.  We've been operating on republican ideas for the better part of 40 years.  The results speak for themselves. 


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 11, 2012, 07:28:45 PM
Half of this country votes against their best interest.  Hence the problems we face.  We've been operating on republican ideas for the better part of 40 years.  The results speak for themselves. 
at a certain point in time you will have to stop thinking about yourself and start thinking about the future.

Either that or the politicians will do it for you.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 11, 2012, 08:36:14 PM
at a certain point in time you will have to stop thinking about yourself and start thinking about the future.

Either that or the politicians will do it for you.

I'm not worried about myself at all.  They can take back their 2-3 percent break I received.  I'd gladly pay that money back to insure that people of all walks of life have health care, SSI and an overall safety net at their disposal.  Pot, meet kettle.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 09:18:44 PM
taxes are theft.

if you want to help people, help them.

dont steal from other people in order to do it.


that being said.. yes, it is POSSIBLE for us to "tax our way out of this problem".


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 11, 2012, 09:23:40 PM
taxes are theft.

if you want to help people, help them.

dont steal from other people in order to do it.


that being said.. yes, it is POSSIBLE for us to "tax our way out of this problem".
You seriously think you can tax the country enough (without cutting spending) to pay down the deficit?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 09:27:05 PM
theoretically possible, absolutely.



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 11, 2012, 09:28:04 PM
I'm not worried about myself at all.  They can take back their 2-3 percent break I received.  I'd gladly pay that money back to insure that people of all walks of life have health care, SSI and an overall safety net at their disposal.  Pot, meet kettle.

You don't have to wait for them to take it back. Write a check today if you want. The details are here: http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtFinance so now you can put your money where your noisehole is.

But something tells me you won't be rushing to get your checkbook... will you?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 11, 2012, 09:29:50 PM
theoretically possible, absolutely.


Somehow I doubt it dude, but I don't know for sure.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 09:30:08 PM
You don't have to wait for them to take it back. Write a check today if you want. The details are here: http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtFinance so now you can put your money where your noisehole is.

But something tells me you won't be rushing to get your checkbook... will you?
i suspect he would do it.. so long as everyone else is forced to do it as well.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 11, 2012, 09:31:50 PM
Somehow I doubt it dude, but I don't know for sure.
we beat the germans didnt we  ;D


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 11, 2012, 10:36:33 PM
You don't have to wait for them to take it back. Write a check today if you want. The details are here: http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtFinance so now you can put your money where your noisehole is.

But something tells me you won't be rushing to get your checkbook... will you?

I"ll never recover from this owning. 


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 11, 2012, 11:20:31 PM
I"ll never recover from this owning.  

Forget the "owning." If you'd "gladly pay that 2-3 percent break [you] received" then don't tell us that you'd be glad to give it up just fucking do it. You don't have to wait for the politicians to take it back.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 11, 2012, 11:26:07 PM
Forget the "owning." If you'd "gladly pay that 2-3 percent break [you] received" then don't tell us that you'd be glad to give it up just fucking do it. You don't have to wait for the politicians to take it back.

At least your finally admitting that the taxes you pay under President Obama are at historically low rates.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 11, 2012, 11:42:10 PM
At least your finally admitting that the taxes you pay under President Obama are at historically low rates.

I am? Where?

My viewpoint is that I am forced to pay way too much in taxes to support a government of gargantuan proportions. The only proper functions of government in my political philosophy, are to provide a internal security, external security and a justice system. I would gladly pay taxes for just those things, because those are things I need and cannot get from a private enterprise.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 12, 2012, 12:04:10 AM
I am? Where?

My viewpoint is that I am forced to pay way too much in taxes to support a government of gargantuan proportions. The only proper functions of government in my political philosophy, are to provide a internal security, external security and a justice system. I would gladly pay taxes for just those things, because those are things I need and cannot get from a private enterprise.

I accept your apology.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 12, 2012, 12:18:19 AM
I accept your apology.

 ::)


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: WOOO on November 12, 2012, 02:33:47 AM
You seriously think you can tax the country enough (without cutting spending) to pay down the deficit?


it's got to be a 2-way solution... but higher taxes on the wealthy is definitely an integral part of the strategy... next, better controls (regulations) need to be put in place to reduce waste in medicare/obamacare & social security

republican deregulation has led to significant abuse of tax dollars

additionally, the US needs a new path, military spending needs to be cut by half across the board

finally, the US needs to commit to a long term DEBT (not just deficit) reduction strategy

all of these solution require a center-right approach with all 3 levels of government involved

my opinion: american'ts do not have anywhere near the intellectual maturity to get this done within my lifetime...

a canadian-european-russian-chinese invasion and conquest of the US is far more likely


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 05:34:31 AM

Who says you couldn't get security and justice through private enterprise? Lol. If there's a dollar to be Mede somewher I bet you'll find someone willing to earn it


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Palpatine Q on November 12, 2012, 06:36:15 AM
LOL @ Coach acting like he makes a million dollars a year training kids in a unfurnished space in a strip mall.

unless those tires they flip around have kilos of coke in them, STFU already  ::)


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 12, 2012, 06:41:53 AM

it's got to be a 2-way solution... but higher taxes on the wealthy is definitely an integral part of the strategy... next, better controls (regulations) need to be put in place to reduce waste in medicare/obamacare & social security

republican deregulation has led to significant abuse of tax dollars

additionally, the US needs a new path, military spending needs to be cut by half across the board

finally, the US needs to commit to a long term DEBT (not just deficit) reduction strategy

all of these solution require a center-right approach with all 3 levels of government involved

a canadian-european-russian-chinese invasion and conquest of the US is far more likely

I agree with most everything you've said here, actually. Especially this part.

Quote
my opinion: american'ts do not have anywhere near the intellectual maturity and intestinal fortitude to get this done within my lifetime...

I don't think you can arbitrarily slash defense spending by half either. It needs to be reduced, certainly, but there is a helluva lot of people employed by our military industrial complex to just say that were going to cut it in half. It needs to be a slow draw down.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: whork on November 12, 2012, 07:12:36 AM
I agree with most everything you've said here, actually. Especially this part.

I don't think you can arbitrarily slash defense spending by half either. It needs to be reduced, certainly, but there is a helluva lot of people employed by our military industrial complex to just say that were going to cut it in half. It needs to be a slow draw down.

And a lot of jobs will be lost


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 03:49:25 PM
And a lot of jobs will be lost
same will happen if we raise taxes, all things equal spending cuts are more effective at reducing the bottom line than tax hikes though.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 12, 2012, 03:51:30 PM
And a lot of jobs will be lost

The government doesn't create jobs right?

If it can't create them. Then it can't destroy them either.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 03:52:45 PM
Depends on what kind of spending and what kind of taxes. There are certain programs that truld Moe economic value than they cost to operate and there are some taxes which tenrate revenue without causing a significant hit to the markets


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 04:01:34 PM
The government doesn't create jobs right?

If it can't create them. Then it can't destroy them either.
hahahah the govt can pass legislation that helps the private sector create jobs and it can also pass legislation that causes the private sector to lose jobs...

obamacare is a prime example of a job killer.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 04:04:13 PM
But its also a prime example of compromise and pragmatism and the triumph of the fee market over government run industry. Plus, it increases healftcare coverage tremendously.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Shockwave on November 12, 2012, 04:06:33 PM
The government doesn't create jobs right?

If it can't create them. Then it can't destroy them either.
I'm assuming your trolling, just because someone can't create something doesn't mean they can't destroy it.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 04:14:00 PM
But its also a prime example of compromise and pragmatism and the triumph of the fee market over government run industry. Plus, it increases healftcare coverage tremendously.
COMPROMISE???

are you fuking stoned boy?

it got what 1 republican vote, you call that compromise?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: JBGRAY on November 12, 2012, 04:16:22 PM
Government creates a framework for private enterprise and industry to thrive.  Public roads allow our customers to drive to our businesses.  Law Enforcement ensures the safety and security of our community(otherwise, we'd have to dole out money for private security).  Regulations allow businesses to operate within a set of rules to ensure overall safety of people and the environment.

Think of it as a tightrope walker.....its easy to just tip over either side and fall into the net.....its difficult to stay balanced.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 12, 2012, 05:42:01 PM
I'm assuming your trolling, just because someone can't create something doesn't mean they can't destroy it.

Of course that was a troll.

But seriously. No one hires more or less people than it takes to do a job.

End of story.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: mogulgangi on November 12, 2012, 05:45:50 PM
Government creates a framework for private enterprise and industry to thrive.  Public roads allow our customers to drive to our businesses.  Law Enforcement ensures the safety and security of our community(otherwise, we'd have to dole out money for private security).  Regulations allow businesses to operate within a set of rules to ensure overall safety of people and the environment.

Think of it as a tightrope walker.....its easy to just tip over either side and fall into the net.....its difficult to stay balanced.


What you were trying to say is..."you didn't build that"


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 05:56:46 PM
Of course that was a troll.

But seriously. No one hires more or less people than it takes to do a job.

End of story.
jobs are taken on or passed based on the expected profit.

Expected profit is effected by costs

govt effects costs of business

therefor govt has an effect on what jobs are taken and what jobs are passed.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Mr. Magoo on November 12, 2012, 05:59:50 PM
jobs are taken on or passed based on the expected profit.

Expected profit is effected by costs

govt effects costs of business

therefor govt has an effect on what jobs are taken and what jobs are passed.

Completely and always?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 06:01:32 PM
Completely and always?
im unsure of what youre asking, you just highlighted "based on" are you asking if they completely and aways base jobs to take on expected profits?

or are you asking if they based on completely and always?

if its the second I need clarification ;)


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Mr. Magoo on November 12, 2012, 06:02:50 PM
im unsure of what youre asking, you just highlighted "based on" are you asking if they completely and aways base jobs to take on expected profits?

or are you asking if they based on completely and always?

if its the second I need clarification ;)

it's the first. I've become lazy in typing my posts  ;D

No hidden debate motive, just curious what you think.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 06:08:09 PM
it's the first. I've become lazy in typing my posts  ;D

No hidden debate motive, just curious what you think.
hahaha well I cant speak in absolutes but in a logical business yea.

Always exceptions to the rules for example a lot of times companies will take on jobs that they know they are going to lose money on to get other jobs they will be able to make enough profit on to cover the loss of the first job.

Would you take a job in which it cost you more in gas to get to the job then you were making at the job?

its pretty common sense, if youre going to lose money in the long run then dont do it.



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 06:13:57 PM
Tony obamacare didn't receive republican votes because their priorit was to make obama a one term president.  The majorit of them had openly supported the individual mandate up intill they voted against it.  http://www.google.com/url?q=http://www.newyorker.com/reporting/2012/06/25/120625fa_fact_klein&sa=U&ei=RquhUNDqB8XYyAG0xICQAQ&ved=0CBoQFjAA&sig2=0ETJvxvhwlVWf5fntTsJrQ&usg=AFQjCNG0tEQMGE4WYPozYSFH6G0438tvmQ


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 06:17:31 PM
Tony obamacare didn't receive republican votes because their priorit was to make obama a one term president.  The majorit of them had openly supported the individual mandate up intill they voted against it.  http://www.google.com/url?q=http://www.newyorker.com/reporting/2012/06/25/120625fa_fact_klein&sa=U&ei=RquhUNDqB8XYyAG0xICQAQ&ved=0CBoQFjAA&sig2=0ETJvxvhwlVWf5fntTsJrQ&usg=AFQjCNG0tEQMGE4WYPozYSFH6G0438tvmQ
no it was b/c the majority of the country was against the legislation and still are...

the majority of their constituents didnt want this horrible piece of legislation passed thats why they didnt vote for it.

Do you not remember all the town halls were ppl were telling their reps that if they voted for it they were going to get voted out of office?

you cannot be that delusional dizzle


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 06:24:48 PM

As long as you understand that the majority of republicans were in support of the plan up intill 2008 I really don't care about the reason why they decided to vote against it


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 06:44:04 PM
As long as you understand that the majority of republicans were in support of the plan up intill 2008 I really don't care about the reason why they decided to vote against it
I agree that many were in support of a similar plan but if thats what youre basing your opinion on youre being niave.

politicians change stances obama went from an all out hand gun ban to not supporting a new assault weapon ban to wanting to institute a new assault weapon ban.

He went from supporting a single payer to not supporting a single pay to saying he would if he could...

The majority of the country didnt want this shitty bill passed and they let their politicians know they didnt.

Thats why the reps didnt vote for it


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 12, 2012, 06:45:32 PM
no it was b/c the majority of the country was against the legislation and still are...

Nonsense. It was a purely political move, which they made without examing the legislation in question and judging it on its merits. Pay attention: I'm not saying that they would have discovered it was a worthwhile piece of legislation if they had examined it; they wouldn't have. But the stance of the Republicans on this - and every other issue that came before Congress during the Obama Administration - was purely partisan.


the majority of their constituents didnt want this horrible piece of legislation passed thats why they didnt vote for it.

Right, because Members of Congress always vote exactly the way their constituents would vote... ::) But let's assume that they do - that they just reflect the will of their constituents at any given point in time. So what? It's hardly surprising that a district that elected a Republican congressman would be populated with Republicans who would, more likely than not, be opposed to Obamacare.


Do you not remember all the town halls were ppl were telling their reps that if they voted for it they were going to get voted out of office?

Excluding those are are in the center, who are "in play" so to speak, the parties have a more or less even split of the vote, each from their respective ends of the spectrum; For every one such person there was another person saying "if you don't vote for it, you're going to get voted out of office."


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 06:53:46 PM
They changed their minds because doong so was politically wise. They knew that attacking obamas reform would get them votes and they helped to increase public outcry against it by coming up with all sorts of propaganda about government takeover of healthcare socialized medicine death panels etc when none of it was true.  TheFact remains that obamacare was a compromise from the single payer system liberals wanted. The obamacare was designed by repoblicams and had their support up intill obama decided to use it


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: AbrahamG on November 12, 2012, 06:54:05 PM
same will happen if we raise taxes, all things equal spending cuts are more effective at reducing the bottom line than tax hikes though.

More jobs were created under Clinton with that astronomical 3% tax hike.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 06:55:37 PM
Nonsense. It was a purely political move, which they made without examing the legislation in question and judging it on its merits. Pay attention: I'm not saying that they would have discovered it was a worthwhile piece of legislation if they had examined it; they wouldn't have. But the stance of the Republicans on this - and every other issue that came before Congress during the Obama Administration - was purely partisan.


Right, because Members of Congress always vote exactly the way their constituents would vote... ::) But let's assume that they do - that they just reflect the will of their constituents at any given point in time. So what? It's hardly surprising that a district that elected a Republican congressman would be populated with Republicans who would, more likely than not, be opposed to Obamacare.


Excluding those are are in the center, who are "in play" so to speak, the parties have a more or less even split of the vote, each from their respective ends of the spectrum; For every one such person there was another person saying "if you don't vote for it, you're going to get voted out of office."

maybe you dont follow politics very close but the amount of uproar over obama care was unprecedented.

If you dont think the constituents of these politicians didnt want obamacare passed how do you explain the blood bath the dems took in 2010?



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Grape Ape on November 12, 2012, 06:56:47 PM
More jobs were created under Clinton with that astronomical 3% tax hike.

And why was that, do you think?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tu_holmes on November 12, 2012, 06:57:40 PM
All internet based.

Who gives a shit why.

Every generation has their own reason. That's called life.

There will always be something.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 06:57:50 PM
More jobs were created under Clinton with that astronomical 3% tax hike.
first the economy was already in a good place, is the economy in a good place now?

second I dont know why you quoted me as my post didnt have anything to do with job creation but debt reduction and its a proven fact that spending cuts reduce debt faster than tax hikes.

sorry if that offends you abraham but facts are facts


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 12, 2012, 06:58:49 PM
More jobs were created under Clinton with that astronomical 3% tax hike.

Perhaps but what you may not know is that correlation does not imply causation... It's not impossible that the economy thrived under Clinton despite tax hikes; after all, the economy doesn't only accept and react to one single input. Besides, even if higher taxes did not have any direct effect on the economy, there are other questions to consider, including whether it's moral to take more money from people at the point of the proverbial gun.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Grape Ape on November 12, 2012, 06:59:05 PM
Of course that was a troll.

But seriously. No one hires more or less people than it takes to do a job.

End of story.

Actually, in my line of work, we staff to expected demand plus current work..  Walking the fine line between having enough to meet current requirements with enough, but not too much on the beach to handle burst work has huge margin impacts.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 06:59:48 PM
Doesn't mean tax increases shouldn't be part of the debt reduction


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 07:00:05 PM
Perhaps but what you may not know is that correlation does not imply causation... It's not impossible that the economy thrived under Clinton despite tax hikes; after all, the economy doesn't only accept and react to one single input. Besides, even if higher taxes did not have any direct effect on the economy, there are other questions to consider, including whether it's moral to take more money from people at the point of the proverbial gun.
good points

especially on the moral aspect


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Grape Ape on November 12, 2012, 07:01:01 PM
Who gives a shit why.

Every generation has their own reason. That's called life.

There will always be something.

It's totally relevant in this case.   He's using the Clinton era to cite tax increases don't hurt job growth, but there's some serious context around that.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 07:01:12 PM
Doesn't mean tax increases shouldn't be part of the debt reduction
never said it shouldnt be as a last ditch effort.

Shouldnt it be a priority to get your fiscal house in order before you go out and take money from others?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 07:02:00 PM
Already taking money from people anyway so the question is mute. I agree taxes are theft and should not exist.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 07:03:05 PM
Already taking money from people anyway so the question is mute. I agree taxes are theft and should not exist.
ok take more money from ppl you ignoramous ;)


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 07:03:07 PM
Once they exist you may as well use them pragmatically to optimize revenue and GDP


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Grape Ape on November 12, 2012, 07:05:22 PM
Already taking money from people anyway so the question is mute. I agree taxes are theft and should not exist.

Mute?  lol.  Moot, maybe.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 07:07:59 PM
Mute as in silence as in falling upon dead ears as in irrelevant hahah


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: avxo on November 12, 2012, 07:09:28 PM
Mute as in silence as in falling upon dead ears as in irrelevant hahah

The word you want is "moot" not "mute".


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 07:11:31 PM
Yea and that one was supposed to be deaf ears not dead ears haha


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 07:11:57 PM
Once they exist you may as well use them pragmatically to optimize revenue and GDP
dont you think it would be morally and more practical to use spending cuts to do so?

Also I could be wrong but I dont remember an approach to calculating GDP that uses individual income taxes


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 07:22:10 PM
I think its pragmatic to raise taxes because people want to keep their social security Medicar and big old defense budget and those things are ratemelt underfunded.    As formthe GDP comment, I meant having taxes levied on markets and at rates that create the least burden on the economy


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 07:25:18 PM
I think its pragmatic to raise taxes because people want to keep their social security Medicar and big old defense budget and those things are ratemelt underfunded.    As formthe GDP comment, I meant having taxes levied on markets and at rates that create the least burden on the economy
hahah if you think thats all that could be easily cut from govt spending you need to go read some of the pork threads on this forum

wtf are you talking about dizzle?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 07:27:12 PM
if there's over a trillion dollars of pork in the budget that can be cut then sure we wouldn't need to raise taxes


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 07:30:12 PM
if there's over a trillion dollars of pork in the budget that can be cut then sure we wouldn't need to raise taxes
you think the tax hikes are going to generate a trillion dollars in revenue?

ALSO NOOOOOOO as ive already shown spending cuts have a bigger impact on the bottom line the tax hikes.

You would need much less than a trillion dollars in spending cuts to have the same effect on the bottom line with a trillion in tax hikes.

what part of that dont you get, spending cuts are more effective at cutting the deficit than tax hikes.

would you like me to go over it again?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 07:33:47 PM
All I was talking about was that we have about a trillion dollar per year deficit. If there's that much in pork that we can cut, cool, let's do that instead of raising taxes. But I think we probably can't cut that much, and we should try to make up the rest of the differince with taxes


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 07:35:33 PM
All I was talking about was that we have about a trillion dollar per year deficit. If there's that much in pork that we can cut, cool, let's do that instead of raising taxes. But I think we probably can't cut that much, and we should try to make up the rest of the differince with taxes
and you still dont seem to understand, if we have a trillion dollar deficit and want to negate it we will have to bring in a lot more than 1 trillion in new taxes.



Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 07:41:12 PM
I didn't say anything that should have led you to believe that I thought differently. All I'm saying is that of we can't do it all with cuts then we need to do the rest with taxes.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 07:46:34 PM
I didn't say anything that should have led you to believe that I thought differently. All I'm saying is that of we can't do it all with cuts then we need to do the rest with taxes.
I can agree with raising taxes after we have got our fiscal house in order and dont have trillions in waste in the govt.

only then will i agree with taking the hard earned money away from fellow citizens.


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: Straw Man on November 12, 2012, 07:48:15 PM
I can agree with raising taxes after we have got our fiscal house in order and dont have trillions in waste in the govt.

only then will i agree with taking the hard earned money away from fellow citizens.

well you had your chance to express your opinion last week and your side lost

the good news for you is that your hard earned money is most likely completely safe from any tax increase


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tonymctones on November 12, 2012, 07:50:26 PM
well you had your chance to express your opinion last week and your side lost

the good news for you is that your hard earned money is most likely completely safe from any tax increase
hahahah so that makes it ok for you to take a completely idiotic stance in trying to reduce the deficit?

you agree that spending cuts work much better at reducing the deficit yet you still want tax hikes for the "rich" before spending cuts are enacted.

why is that straw?


Title: Re: Who here objects to a 50% income tax rate on earnings above $1MIL
Post by: tbombz on November 12, 2012, 07:52:22 PM
Glad we can come to an understanding