9 Things The Rich Don't Want You To Know About Taxes

[Townsend]

Actually I think a thread on "The American" statue or the 57 Belvedere thread may be the champ.

Both disappointing imo.

[Teatownclown]

282 posts to this topic. Is that a TNF record ?
Geez T-Clown, stir up trouble much ?

Hey, I just know how to stir it up!

[Teatownclown]

United States Ranks At The Bottom In Total Taxation
May 4, 2011

http://www.politicususa.com/en/united-states-total-taxation


Come on, teabaggers - you having another rally soon?

[nathanm]

Oh, but they pay PAYROLL taxes and every other tax the other 49% pay, so that makes everything just fine.

And probably paid more state taxes as a percentage of their income than you did..

[guido911]

And probably paid more state taxes as a percentage of their income than you did..

More BS about percentage paid rather than real dollars paid. I guess this approach makes it look like the lower/middle class are contributing a pant load to the U.S./State treasuries. Here's a little hint: They Don't.

When I get my taxes prepared, my last question is not what percentage of tax do I pay because the government can't cash a "percentage" check. I ask, "How much do I make the check out for?" That's the difference between your world and mine.

[nathanm]

More BS about percentage paid rather than real dollars paid. I guess this approach makes it look like the lower/middle class are contributing a pant load to the U.S./State treasuries. Here's a little hint: They Don't.

When I get my taxes prepared, my last question is not what percentage of tax do I pay because the government can't cash a "percentage" check. I ask, "How much do I make the check out for?" That's the difference between your world and mine.

It just goes to show how disconnected from the other half you are. Your tax bill is higher than most families' annual income.

Next you're going to tell me that a million dollar mansion should have the same property tax as a trailer.

[guido911]

It just goes to show how disconnected from the other half you are. Your tax bill is higher than most families' annual income.

Next you're going to tell me that a million dollar mansion should have the same property tax as a trailer.

And yet you still think I am still not paying enough. Wow. All I want is folks like you paying nickels to stop screaming about those paying dollars. And with that statement, I am obviously including those 51%ers paying zilch in fed income tax.

[nathanm]

And yet you still think I am still not paying enough. Wow. All I want is folks like you paying nickels to stop screaming about those paying dollars. And with that statement, I am obviously including those 51%ers paying zilch in fed income tax.

Yeah, you missed my point. You complain loudly about the debt, but don't want to pay for government. You want to cut things, but not the things that would actually make a budgetary difference.

And you didn't answer my "question" about property tax.

[heironymouspasparagus]

nathanm,
That has been guido's point all along.  Poor pay $10.  He should pay $10.  It's only fair....not.

And he never answers a question.  That must be against "lawyer law".

[guido911]

Yeah, you missed my point. You complain loudly about the debt, but don't want to pay for government. You want to cut things, but not the things that would actually make a budgetary difference.

And you didn't answer my "question" about property tax.

Are you referring to this:  "Next you're going to tell me that a million dollar mansion should have the same property tax as a trailer." Because I do not see a QUESTION there. I see a  statement. To answer, since I do not get a single additional benefit by paying more, I personally do not see a reason why property taxes should be different from home to home.

I have no problem with paying for government. I only wish 51% of us contributed instead of gravy training-which is just fine with you and your older brother heiron.

[nathanm]

I only wish 51% of us contributed instead of gravy training-which is just fine with you and your older brother heiron.

You must have a short attention span. You just said a few posts back that those 49% do contribute through payroll taxes and "all the taxes the other 49% pay."

You look at that statistic and think we're letting people get away without paying their own way. I look at that statistic and think that's a lot of unemployed and underemployed people and we need to improve the economy so they can start paying income tax again.

[guido911]

You must have a short attention span. You just said a few posts back that those 49% do contribute through payroll taxes and "all the taxes the other 49% pay."

You look at that statistic and think we're letting people get away without paying their own way. I look at that statistic and think that's a lot of unemployed and underemployed people and we need to improve the economy so they can start paying income tax again.

Here we go again, the poor pay payroll taxes...YAWN. You know damned well I have been talking about paying federal income tax, which in my world is way more than my payroll taxes. And also in my world, demanding less than half of us pay that tax (and pay more if you were in charge) or face jail while completely excusing the other half. There is not a single thing fair about that tax system. In fact, it's sickening.

[heironymouspasparagus]

guido is not much into reality OR consistency.  Just the script.

Percentages are the ONLY thing that counts.  It goes directly to the relative ability of a person to make a contribution.  But since they have no math in law school, that's just another reality miss.

Just what you would expect - his million dollar McMansion should be taxed exactly the same as any little cottage on north Harvard.  What's a fair number?  20 bucks?  50??  Or would that be oppressive government confiscation??

There is no understanding of his relative position in society.  He is benefiting the most from the lawyers that have gone before him, making his million(s?) every year, NOT due to any inherent intellectual superiority - there are lawyers of at least as much, and many with much more talent and competence in every country in the world - as well as this country.  (And yes, I have known a couple.)  Most don't make anywhere near what he does.  (Goes to the whole accident of birth enjoyed by most of the people in this country.)  He enjoys the best bargain in the world - living here and enjoying all the benefits this society brings to him - and still complains about supporting that lifestyle.  It should be free to him.

So his exceptional wealth is more due to the efforts of ALL around him rather than natural or trained talent.  And as such, he is obligated to contribute at the same relative level as all those of that society.  By percentage established by that society.  There is no recognition or understanding of this fact.  There is also no legitimate basis for his bitching.  It is the whining of a spoiled child.

In any other country, as shown by that chart, he is grotesquely under-taxed.  But that is not good enough.  He deserves more....  

Now watch the insults come again.  But that's what spoiled children do, isn't it.  Rather than a rational, reasoned response.  And an actual answer to a question.

[nathanm]

Here we go again, the poor pay payroll taxes...YAWN. You know damned well I have been talking about paying federal income tax, which in my world is way more than my payroll taxes. And also in my world, demanding less than half of us pay that tax (and pay more if you were in charge) or face jail while completely excusing the other half. There is not a single thing fair about that tax system. In fact, it's sickening.

They're not completely excused. They don't not pay income tax because of who they are. They don't pay income tax because of their circumstances. If you were in their circumstances, you would pay no income tax. If they were in yours, they would pay the same income tax you do. By your standard, I should be upset that you get a tax break for having dependents (assuming you do). I don't, and I'm not.

I think I've mentioned repeatedly that I think my tax rate should be higher, so your attempts to paint me as some sort of hypocrite on this are getting ridiculous.

Your complaints to me sound very much like "40% of us don't pay property tax" or "90% of us don't pay import tariffs."  Again, the bills have to be paid at some point. As I've also previously stated, I don't really have a problem running a deficit through a weak economy. It's the fiscally prudent thing to do. What would not be fiscally prudent is you or I whining about paying the bill when the economy is better.

Edited to add: And let's not forget that the bottom 40% of the population in terms of wealth owns a mere 0.3% of the nation's wealth, include the next 20% to make it the bottom 60% and they collectively control about 6% of the nation's wealth. I dare say they're not the ones seeing the lion's share of the benefits of taxation.

[Red Arrow]

And probably paid more state taxes as a percentage of their income than you did..

Most of us pay more as a percentage of our income than Guido for everything.  A burger a McDonalds, a shirt at WalMart, a gallon of gas...

Are you saying these item should be free or at least less expensive for us because we don't make as much as Guido?  Do we need our W2 or 1040 information encoded into our credit and debit cards?  Would the price of an item vary based on our income?  Hi Ms WalMart person.  I'd really like that flat screen TV you have priced at $600. for only $50.  Since I don't make much money it would be too large a percentage of my income if I have to pay $600.

As long as we keep repeating ourselves hoping for a different reception of the information, I'll re-insert my thoughts.

If we are going to continue taxing income, I think it should be a flat percentage with a generous deduction for the cost of living for everyone regardless of their income.

Most of our payroll taxes go to our personal retirement (admittedly somewhat indirectly) and those benefits will be based on our contributions.  Guido is not going to get SS retirement benefits based on his total income, only the portion he paid payroll taxes on.

Sales taxes should not be added to food, clothing, and prescription drugs.