IRS Data Shows: "The Rich" Pay Higher Rates

The Dude said:
Seriously, can we stop complaining that the poor get free:
Phones
Food, plenty of it
Insurance subsidies
Subsidized cable and High speed Internet
Weight loss medication
College tuition

Ok so I left out thirty things
There has too be something the middle class has that the poor don't!

Besides bill paying stress that is
Click to expand...

I assume you're being sarcastic.
 
real-threat-rich_2m.jpg
 
Taft2016 said:
Quote Originally Posted by Taichiliberal View Post
First give me your "take" on the information I provided.
Click to expand...

The Think Progress links was basically "ZOMG! They made a lot of money and paid no taxes."

An explanation of why the IRS isn't breaking down their doors and arresting people would have added a little meat to the story, but apparently that would require a bit of thinking on the part of Think Progress.
Click to expand...

Bottom line: you cannot refute the information provided, so you trot out the lame "well, it ain't illegal" horse.

That's the point, stupid....you have tax laws that favor the rich, allow them to hide their money from state & federal taxation to a large degree and therefore deny the USA MUCH NEEDED REVENUE.

Evidently, you are incapable of thinking progressively.
 
cawacko said:
I believe we need to lower the 35% corporate rate we have and eliminate many of the 75,000 pages of the current tax law. I'd prefer companies spend more time on their core competencies rather than the time and money they do now on ways to get around our unwieldy tax code. If it costs many accountants and lawyers their jobs in the process then so be it.
Click to expand...

And to date the amount of millionaires in the USA HAVE INCREASED....even under the Clinton tax rate!

Corporations and millionaires were NOT hurting on pre-Reagan tax rates. But 30 years of reagonomics (with a nice assist from Clinton) have devastated this country's economy....period.

You have to divorce yourself from this notion of "trickle down" economy....it doesn't work no matter how many times it's implemented or believed in.

The information I posted regarding those corporations who are NOT paying taxes shows how a monumental amount of revenue is being withheld from federal and state coffers....small wonder the country is in economic dire straits.

The S&L scandal and Enron should demonstrate to many that stock holders are NOT owners of a corporation. Wall St. plays games, and many learned that lesson the hard way.
 
Taft2016 said:
I decided to some thinking for Think Progress and came up with this about Boeing, one of the companies they cited:

http://www.seattlemet.com/news-and-...ay-its-ceo-more-than-it-paid-in-federal-taxes



It's complicated, but the notion that a corporation can make billions and not pay taxes is believable only to those who desperately want to believe it.
Click to expand...

Bottom line: the guy admits he's "just guessing"....but desperate right wing toadies like you grasp that guesswork like a drowning man grabbing a lifesaver. Yet the Think Progress article gave FACTS that you don't like, so you reject it. Pathetic.
 
Taichiliberal said:
And to date the amount of millionaires in the USA HAVE INCREASED....even under the Clinton tax rate!

Corporations and millionaires were NOT hurting on pre-Reagan tax rates. But 30 years of reagonomics (with a nice assist from Clinton) have devastated this country's economy....period.

You have to divorce yourself from this notion of "trickle down" economy....it doesn't work no matter how many times it's implemented or believed in.

The information I posted regarding those corporations who are NOT paying taxes shows how a monumental amount of revenue is being withheld from federal and state coffers....small wonder the country is in economic dire straits.

The S&L scandal and Enron should demonstrate to many that stock holders are NOT owners of a corporation. Wall St. plays games, and many learned that lesson the hard way.
Click to expand...
Um there are millions more millionaires, now than there was then!
Most from the middle class
I'm guessing we have a different experience in the economy!
 
Taft2016 said:
http://www.nytimes.com/2004/08/27/ny...-brooklyn.html

Sixty-nine people, most of them members of five closely linked families, have been indicted on conspiracy charges that accuse them of cooperating as one enormous narcotics trafficker to peddle heroin and cocaine in Brooklyn housing projects, prosecutors announced yesterday.

Mr. Hynes said the total annual revenue of the gangs, which operated for two years, was $11 million. At a pier in Red Hook where the news conference was held, Mr. Hynes displayed a 35-foot boat and seven luxury vehicles seized from the suspects, including a Cadillac Escalade and a van with a plasma television and a satellite dish. He said the boat and the vehicles may have been useful in the drug trade to attract customers and as covert meeting places.
Click to expand...


http://www.nytimes.com/2004/08/27/nyregion/69-indicted-in-drug-ring-at-projects-in-brooklyn.html
Click to expand...

As opposed to Jamie Diamond ripping off how much? And screwing over how many people? Then paying off to keep from getting jailed?

S&L, Enron....but hey these 69 folk are the REAL danger to the economy.

Grow the fuck up, Taft.
 
Taichiliberal said:
And to date the amount of millionaires in the USA HAVE INCREASED....even under the Clinton tax rate!

Corporations and millionaires were NOT hurting on pre-Reagan tax rates. But 30 years of reagonomics (with a nice assist from Clinton) have devastated this country's economy....period.

You have to divorce yourself from this notion of "trickle down" economy....it doesn't work no matter how many times it's implemented or believed in.

The information I posted regarding those corporations who are NOT paying taxes shows how a monumental amount of revenue is being withheld from federal and state coffers....small wonder the country is in economic dire straits.

The S&L scandal and Enron should demonstrate to many that stock holders are NOT owners of a corporation. Wall St. plays games, and many learned that lesson the hard way.
Click to expand...

This has nothing to do with trickle down economics. If we want to force all companies to pay the simply go to a flat tax. Otherwise we will continue on this current path where all members of Congress write in special tax breaks for companies in their districts or states (and companies that donate to them of course). Raising the corporate rate (which is already the second highest I believe, if not the highest) isn't going to bring in more revenue when companies are able to find legal ways around paying it.
 
christiefan915 said:
Lol, me moving the goal posts? I bet you typed that with a straight face, too.

Show me the post where I denied the buildings were wired. And yes, my theory (notice I haven't said "fact" because I can't prove it) is that 100% of those living in public housing are not using the cable and/or internet service. However if you can prove otherwise I'll take back my words.



What you really mean is not "some of the comments from the poor", but "comments from *some* of the poor."

Btw, what do you propose the working poor do in their time off, since you so much resent their access to cable?
Click to expand...


What this troll Taft doesn't realize is that the vast majority of buildings in NYC are wired for cable because otherwise reception is impossible given the surrounding architecture. As you pointed out, he has yet to prove that everyone on public assistance is watching cable TV (if they are hooked up at all).
 
cawacko said:
Taichi, just to clarify are you claiming the companies that didn't pay taxes did so illegally or that they followed the laws and the current laws need changing?
Click to expand...

I'm pointing out the lies that corps and uber rich are paying a fair share of taxes....the laws should be changed.
 
Taichiliberal said:
No shit sherlock! I never said otherwise....your idiot buddy Taft seems to think that he's actually an "owner" of the company just because he has some stock. Seems the last 30 years should have taught him otherwise (Enron, Wall St. mortgage debacle, etc.) because whether liberal or conservative, a whole lot of stock holders got royally screwed!
Click to expand...

So true, huh. His proxy and a couple of bucks will get him a coffee at Starbucks.
 
Taichiliberal said:
What this troll Taft doesn't realize is that the vast majority of buildings in NYC are wired for cable because otherwise reception is impossible given the surrounding architecture. As you pointed out, he has yet to prove that everyone on public assistance is watching cable TV (if they are hooked up at all).
Click to expand...

Of course. I've never understood the "I got mine, screw you" mindset and I never will. What a way to live.
 
Taichiliberal said:
So what? The point was that a stock holder is not an owner....and the tax dodging is hurting the country.
Click to expand...

You pointed out examples like Enron. There is always risk in buying stock.

Now admittedly I haven't followed your conversation with Taft but if shareholders don't own a company (corporation) then who does? The fact that I buy one share of Apple obviously doesn't mean I can walk into their Cupertino headquarters and try to start calling the shots but it is the shareholders who own the firm.
 
Damocles said:
IRS Data Show Most Millionaires Pay Taxes at Higher Rate Than Middle Class

President Obama and his advisers are presenting the "Buffett Rule" as the cure for an epidemic of millionaire tax scofflaws, but national statistics show millionaires by and large are paying taxes at a much higher rate than middle-class families.

And their income taxes make up a significant portion of the federal budget pie.

Data compiled by the nonpartisan Tax Policy Center show households pulling in more than $1 million pay about 29.1 percent of their income in federal taxes. By contrast, households making between $50,000 and $75,000 pay about 15 percent.

The so-called Buffett Rule has become the political centerpiece of the president's deficit-reduction program. Named after Warren Buffett, the provision would ensure people making more than $1 million a year pay taxes at a higher rate than the middle class.

Read more: http://www.foxnews.com/politics/201...-higher-rate-than-middle-class/#ixzz1YVVmVMVe
Click to expand...

taxes-do-the-math-131023_n.jpg
 
Taichiliberal said:
What this troll Taft doesn't realize is that the vast majority of buildings in NYC are wired for cable because otherwise reception is impossible given the surrounding architecture. As you pointed out, he has yet to prove that everyone on public assistance is watching cable TV (if they are hooked up at all).
Click to expand...

Well that's an absolute lie.

I live to the east of those buildings and more than twice the distance from the Empire State Building transmitters as they do. And I get antenna reception fine.

All the buildings would have to do is attach the cable wiring to an antenna on the roof and presto, instant reception.

So stop making shit up.
 
You must log in or register to reply here.
Back
Top