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

[Teatownclown]

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

[Teatownclown]

TAXE$ Are Too DEM LOW!

‎"Bush did keep his promise to lower my taxes. Problem is he did it by cutting my income in half." ~ David Rolph

[Teatownclown]

Narcissism of minor issues masks the real debate.

We do live in the theater of the absurd.

The destruction of the many intelligent movements have gotten us to this point of where the rights and needs of individuals has been superseded by the corporatist.

Time to raise taxes!

[heironymouspasparagus]

You just talking to yourself??

Point 3 is one that I have been going on about for quite a while.  Even showed Guido how to do it so he, too, could join the ranks of the most elite in the nation.  The calculations I have been showing for months have noted the 16% the richest pay and their chart shows 16.9%.  Well within a margin of error.

[Gaspar]

Heir,
He will just do this.  Entire threads of AOX/FOTD/Teatown flow of consciousness.

[Breadburner]

Surely he listed his own family in there somewhere....

[Conan71]

"Working Stiffs Taxed More Than Plutocrats"

What more do you need to know?

Clowns scare me.  Clowns spouting class envyisms absolutely frighten me.

[Hoss]

"Working Stiffs Taxed More Than Plutocrats"

What more do you need to know?

Clowns scare me.  Clowns spouting class envyisms absolutely frighten me.

His avatar completely freaks me out!

[heironymouspasparagus]

Yahoo has the IRS announcement today that the 17% is right.  I wish I could pay only that piddly amount.


http://news.yahoo.com/s/ap/us_no_taxes;_ylt=AhvWy.zEW5Bf8HA5Ki8PiF3jOrgF;_ylu=X3oDMTM0cHRjMjdpBGFzc2V0A2FwLzIwMTEwNDE3L3VzX25vX3RheGVzBGNjb2RlA3VzbmV3c3ZpZXdzaGFyZQRjcG9zAzIEcG9zAzIEc2VjA3luX3RvcF9zdG9yaWVzBHNsawNzdXBlcnJpY2hzZWU-

[Conan71]

Yahoo has the IRS announcement today that the 17% is right.  I wish I could pay only that piddly amount.


http://news.yahoo.com/s/ap/us_no_taxes;_ylt=AhvWy.zEW5Bf8HA5Ki8PiF3jOrgF;_ylu=X3oDMTM0cHRjMjdpBGFzc2V0A2FwLzIwMTEwNDE3L3VzX25vX3RheGVzBGNjb2RlA3VzbmV3c3ZpZXdzaGFyZQRjcG9zAzIEcG9zAzIEc2VjA3luX3RvcF9zdG9yaWVzBHNsawNzdXBlcnJpY2hzZWU-

And for the greater majority of those 400 people, they help create jobs which fuel the economy and ergo, tax revenues.

How much in total tax revenue is generated via the passive or active investment of these 400 wealthiest?  Any idea how much in total tax revenue employees of Microsoft or the various companies owned by Berkshire-Hathaway contribute to the treasury?

[heironymouspasparagus]

Not enough!

As specifically stated in public - repeatedly - by both of the main beneficiaries of that money!
As well as a serious number of the other richest people in the country.

When the richest of the rich start saying the tax code is unfair, and they are the ones who benefit the most, you ought to be at least wondering why they would say that!  (Maybe it is because they are not the cold, calculating, lying, cheating, thieving scum that have been directing the parade for so long.)

As for creating jobs??  Well, we have ample evidence, especially since Bush, that is just another one of those RWRE urban myths.  The jobs were not created with all those massive tax giveaways to the rich.  In fact, jobs continued to move overseas the entire time.  They create a miniscule (sp?) number of jobs compared to the SMALL businesses that are by definition NOT part of those 400.  Can't have it both ways...remember the mantra of small business creates the vast majority of jobs.  Which mantra is true, by the way.

[nathanm]

And for the greater majority of those 400 people, they help create jobs which fuel the economy and ergo, tax revenues.

How much in total tax revenue is generated via the passive or active investment of these 400 wealthiest?  Any idea how much in total tax revenue employees of Microsoft or the various companies owned by Berkshire-Hathaway contribute to the treasury?

I like this chart as a response to that...did we have a dearth of investment in the 90s?



Also, it's fairly clear at this point that the Bush tax cuts did little to stimulate the economy. It was the loose monetary policy that was making that happen...

[Teatownclown]

REPORT: In 12 Years, Income For Richest 400 Americans Quadruples, Tax Rate Nearly Halved

http://thinkprogress.org/2011/04/18/tax-disparity-chart/


I am not spouting class envyisms. I am pointing out the absurdity of continuing to divide the haves and have nots through a disproportionate unfair tax system and deprivation of social programs that funding, when omitted, pales compared to waste and abuse continuing to rise in the Military. It lays the groundwork for crime and hate and civil war.

I see a lot of my tax money going for invading foreign non-xtian non-white countries, oil rich however. I see a lot of my tax money going for weapons development.

I don't see a lot of my tax money going to benefit the society.

I don't like it. The GOPpers next target is SNAP and food stamps.

Want to see your allocations? http://www.whitehouse.gov/taxreceipt

[Red Arrow]

It shouldn't be too difficult for the IRS to add a line on the tax forms:

Additional voluntary tax: ....................................._________

[Conan71]

I like this chart as a response to that...did we have a dearth of investment in the 90s?



Also, it's fairly clear at this point that the Bush tax cuts did little to stimulate the economy. It was the loose monetary policy that was making that happen...

Let's see was it around 22 to 23mm new jobs created during the Clinton years?  Quite a bit of investor's money was being used to start new companies, cashing in on new technologies.  Those jobs didn't appear from a vacuum.  They appeared largely due to private investors jumping into IPO's and creating venture capital firms which funded a lot of start up companies which were paying excellent salaries.

It's conveniently ignored that Clinton managed to keep tax rates low as well, though not as low as Bush II.  I don't think the 2 or 3% represents a significant amount when it comes to incentive to invest, but the difference between 17% and 40% or whatever means a whole lot more is left to the discretion of the person to invest and create growth.

You guys keep ignoring the whole premise that in lieu of the government creating jobs either via borrowing money or raising taxes, jobs ARE created by people who have money to invest.  The more money they can invest, the more jobs they can help create.

Accepting your premise that lower taxes didn't create a lot of new jobs during the Bush Admin is correct, please explain how the mechanism works where the government takes more wealth and more good-paying private sector jobs are created?

All the government has done in helping to create private sector employment (or just keep some of the people off U/E) via the stimulus spending is create construction projects which are temporary and isn't creating the kind of payroll private investment was in the late 1990's in areas like bio-tech, IT, telecom, etc.  And we also know there was a fall-out for that huge binge in the late 1990's.

Unfortunately, we don't seem to understand anything other than a binge and purge economic cycle these days, so we can pretty much count on 10-15 years of relatively explosive prosperity, then 5 years cleaning up and forgetting the previous mess.