#705270 - 09/20/11 03:18 PM
Re: Should millionaires pay the same rate as teachers?
[Re: DBAppraiser]
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The Chosen One
Registered: 02/09/00
Posts: 13942
Loc: Tuleville
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I know I'm getting old but didn't we just have this debate a week or two ago? What is CCA's position on this?  Speaking of revolving debates, DO NOT answer that!
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#705286 - 09/20/11 03:56 PM
Re: Should millionaires pay the same rate as teachers?
[Re: ]
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River Nutrients
Registered: 03/08/99
Posts: 6732
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There's the RWWJ mentality again. Let's make taxes voluntary for the rich....oh we already do that.
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"You learn more from losing than you do from winning." Lou Pinella
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#705290 - 09/20/11 04:35 PM
Re: Should millionaires pay the same rate as teachers?
[Re: ]
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Juvenile at Sea
Registered: 06/03/10
Posts: 103
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Warren Buffett is a hypocrite. Berkshire Hathaway owes the IRS many years in back taxes, threatens to file lawsuits regarding those taxes and refuses to pay. They are currently trying to "settle" their tax bills... if he's so pro taxes, why is his company not paying theirs?
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#705301 - 09/20/11 06:57 PM
Re: Should millionaires pay the same rate as teachers?
[Re: Vasiliy]
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WINNER
Registered: 01/11/03
Posts: 10363
Loc: Olypen
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Did I not see on the news Pres O hanging an ornament around Mr. Buffet's neck? What was that for, any way?
and BTW, who exactly bought that ornament?
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Agendas kill truth.
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#705310 - 09/20/11 07:41 PM
Re: Should millionaires pay the same rate as teachers?
[Re: ParaLeaks]
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River Nutrients
Registered: 03/08/99
Posts: 6732
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It was paid for by the gold teeth we extracted from RWWJ's.
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"You learn more from losing than you do from winning." Lou Pinella
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#705326 - 09/20/11 08:35 PM
Re: Should millionaires pay the same rate as teachers?
[Re: stlhead]
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WINNER
Registered: 01/11/03
Posts: 10363
Loc: Olypen
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Got a fresh prediction for us, TT?
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Agendas kill truth.
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#705338 - 09/20/11 09:25 PM
Re: Should millionaires pay the same rate as teachers?
[Re: goharley]
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River Nutrients
Registered: 12/30/07
Posts: 3116
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As long as fair means a tax on the percentage of disposable household income, not gross household income. Pretty tough to decide what counts towards disposable income. The bigger the house, the larger the payment, heating, electric and property taxes.
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#705341 - 09/20/11 09:30 PM
Re: Should millionaires pay the same rate as teachers?
[Re: stlhead]
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River Nutrients
Registered: 12/30/07
Posts: 3116
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How about flat rate, no deductions and the ONLY thing congress is allowed to adjust is the bar. The bar being the agreed upon poverty level.
So, two options here for a $20K poverty level:
$100K = $10K tax.
$20K = $0 tax
or
$100K = ($80K * 10%) = $8K tax
$20K = $0 tax.
So the poor aren't harmed and all that's left is to decide the percentage for everyone else. I thought we sort of do that now with the standard deduction and add ons for kids. Standard of living in New York compared to other states, plus inflation creep that increase household income but dont take expenses into consideration.
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#705347 - 09/20/11 09:54 PM
Re: Should millionaires pay the same rate as teachers?
[Re: Fast and Furious]
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WINNER
Registered: 01/11/03
Posts: 10363
Loc: Olypen
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The "investment income/capital gains" tax appears to me to be a big issue, as it only attracts a 15% tax, yet can supply a luxurious income.
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Agendas kill truth.
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#705359 - 09/20/11 10:30 PM
Re: Should millionaires pay the same rate as teachers?
[Re: ]
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River Nutrients
Registered: 03/27/02
Posts: 3188
Loc: U.S. Army
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This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes, payroll taxes and other taxes... The top rate for millionaires is 36% for income tax alone, so they're already getting over. We should go back to the raygun years and set the top rate back to 50%. They should pay tax more according to their share of America's wealth.
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#705365 - 09/20/11 11:06 PM
Re: Should millionaires pay the same rate as teachers?
[Re: ]
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River Nutrients
Registered: 03/27/02
Posts: 3188
Loc: U.S. Army
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You don't wanna go there...top rate was 28%. You'll never learn... Take your pick: 50%53.4%But before you even go to the trouble, I know you'll just find some link to an article about his tax cut bill in '86 and try to claim that's what counts for his entire term, blah, blah, blah. Fact still remains half his presidency saw the top tax rate at 50% or better.
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#705376 - 09/21/11 12:30 AM
Re: Should millionaires pay the same rate as teachers?
[Re: ]
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River Nutrients
Registered: 03/27/02
Posts: 3188
Loc: U.S. Army
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Like I said...
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#705385 - 09/21/11 12:45 AM
Re: Should millionaires pay the same rate as teachers?
[Re: goharley]
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Returning Adult
Registered: 06/28/00
Posts: 442
Loc: Rocky Mountain High
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there is no valid reason to tax capital gains at a lower rate. the cop pays more in percentage than the trustifarian he just locked up 
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#705391 - 09/21/11 01:08 AM
Re: Should millionaires pay the same rate as teachers?
[Re: ]
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It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.
Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
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Hank,
Did you post that table to refute yourself?
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She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.
Bon Scott - Shot Down in Flames
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#705401 - 09/21/11 09:49 AM
Re: Should millionaires pay the same rate as teachers?
[Re: Dan S.]
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Reverend Tarpones
Registered: 10/09/02
Posts: 8379
Loc: West Duvall
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Hank,
Did you post that table to refute yourself? If so, it worked.
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#705425 - 09/21/11 11:33 AM
Re: Should millionaires pay the same rate as teachers?
[Re: ]
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River Nutrients
Registered: 03/08/99
Posts: 6732
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Twsiting in the wind.....
"knowing they too would be double-taxed."
It's not double taxation. Only the gain is taxed.
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"You learn more from losing than you do from winning." Lou Pinella
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#705460 - 09/21/11 02:00 PM
Re: Should millionaires pay the same rate as teachers?
[Re: ]
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River Nutrients
Registered: 03/27/02
Posts: 3188
Loc: U.S. Army
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Again...
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Tent makers for Christie, 2016.
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#705480 - 09/21/11 03:17 PM
Re: Should millionaires pay the same rate as teachers?
[Re: Salmo g.]
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Repeat Spawner
Registered: 10/20/10
Posts: 1263
Loc: Seattle
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So I earn money and its taxed, I then take whats left and I buy seeds for my garden which are taxed and after I plant the garden and tend it all summer I am taxed on what grows when I sell it . The way I was taught math I am taxed 3 times.
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#705494 - 09/21/11 04:06 PM
Re: Should millionaires pay the same rate as teachers?
[Re: ]
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River Nutrients
Registered: 03/08/99
Posts: 6732
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"The way I was taught math I am taxed 3 times."
No you get taxed 6 times for leading an exemplary life.
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