Author Topic: Who here objects to a 50% income tax rate on earnings above $1MIL  (Read 16709 times)

tbombz

  • Getbig V
  • *****
  • Posts: 19397
  • Psalms 150
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #200 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.

tonymctones

  • Getbig V
  • *****
  • Posts: 26511
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #201 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 ;)

tbombz

  • Getbig V
  • *****
  • Posts: 19397
  • Psalms 150
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #202 on: November 12, 2012, 07:03:07 PM »
Once they exist you may as well use them pragmatically to optimize revenue and GDP

Grape Ape

  • Getbig V
  • *****
  • Posts: 15646
  • Y Ninja
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #203 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.
Y

tbombz

  • Getbig V
  • *****
  • Posts: 19397
  • Psalms 150
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #204 on: November 12, 2012, 07:07:59 PM »
Mute as in silence as in falling upon dead ears as in irrelevant hahah

avxo

  • Getbig V
  • *****
  • Posts: 5500
  • Iron Pumping University Math Professor
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #205 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".

tbombz

  • Getbig V
  • *****
  • Posts: 19397
  • Psalms 150
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #206 on: November 12, 2012, 07:11:31 PM »
Yea and that one was supposed to be deaf ears not dead ears haha

tonymctones

  • Getbig V
  • *****
  • Posts: 26511
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #207 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

tbombz

  • Getbig V
  • *****
  • Posts: 19397
  • Psalms 150
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #208 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

tonymctones

  • Getbig V
  • *****
  • Posts: 26511
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #209 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?

tbombz

  • Getbig V
  • *****
  • Posts: 19397
  • Psalms 150
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #210 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

tonymctones

  • Getbig V
  • *****
  • Posts: 26511
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #211 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?

tbombz

  • Getbig V
  • *****
  • Posts: 19397
  • Psalms 150
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #212 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

tonymctones

  • Getbig V
  • *****
  • Posts: 26511
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #213 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.


tbombz

  • Getbig V
  • *****
  • Posts: 19397
  • Psalms 150
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #214 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.

tonymctones

  • Getbig V
  • *****
  • Posts: 26511
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #215 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.

Straw Man

  • Getbig V
  • *****
  • Posts: 36899
  • one dwells in nirvana
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #216 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

tonymctones

  • Getbig V
  • *****
  • Posts: 26511
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #217 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?

tbombz

  • Getbig V
  • *****
  • Posts: 19397
  • Psalms 150
Re: Who here objects to a 50% income tax rate on earnings above $1MIL
« Reply #218 on: November 12, 2012, 07:52:22 PM »
Glad we can come to an understanding