Exposing the lies about taxes

[bripat9643]

Once again we see the parasite class is not paying their fair share while the upper class in this nation are burdened with paying damn near everything.

The bottom 50% earns 12% of the wealth but pays just 2% of the taxes. Meanwhile the top 1% earns 19% of the wealth but pays 37% of the taxes.

]

Guy, keep calling half the country 'Parasites".

THat's going to work really well for you at the polling place.

"The Oppossite of Capitalism isn't Socialism, it's Democracy."- Michael Moore.

When I run for office, then I'll start worrying how my opinions are received by the public. Parasites should be called what they are. Being a parasite isn't something that should be admired.

 

[Skull Pilot]

I keep a copy of my Q4 2008 401K statement as a reminder of how much the 'private sector' can be trusted to "take care" of me in my old age.

That's the one where the money I seeded into it over the previous six years vanished in about six months.

The only crooks I see are the 1%ers who whing about how much they are paying in taxes when they ride their dressage ponies.

That's your problem you expect other people to take care of you.

And stop whining about the stock market. You would be free to invest your 15% in US treasury bonds if you wanted to that way you could be assured of living just as impoverished as if you allowed the government to steal your money for SS.

Or I can just be part of a civilized society.

YOu see, the problem with "investment' ist hat ALL I get is my 15%. With social Security, I get back everything I paid into it if I live to 72. If I live to 80, I'm coming out way ahead, laughing at the 1%ers when we raise the tax on those fuckers to keep the system afloat.

You're one of those idiots who doesn't understand investing or compound interest.

Tell you what why don't you actually do the math instead of being a fucking sheep?

Figure out how much you and your employers have donated to the SS slush fund then starting from whatever date that was figure out what your retirement account would be worth if you had invested it in a balanced portfolio and let me know.

 

[WinterBorn]

No, it's an understanding that we have an obligation to our elderly when they are no longer able to work.

It's what a civilized society does.

Frankly, what you guys want is all the advantages of living in a civilized society and none of the responsibilities.

The sooner the GOP tells you Libertarian loons to fuck off, the better.

If the crooks in the government let people keep the 15% of their income that is stolen for the slush fund then people would be able to take care of themselves without the government being involved.

And we can't have that now can we?

I keep a copy of my Q4 2008 401K statement as a reminder of how much the 'private sector' can be trusted to "take care" of me in my old age.

That's the one where the money I seeded into it over the previous six years vanished in about six months.

The only crooks I see are the 1%ers who whing about how much they are paying in taxes when they ride their dressage ponies.

The money only vanished if you took money out of your 401k. I'm not saying you would regain the lost money, but it would certainly earn more interest and provide a better retirement than the social security. My 401k took a huge hit too. But it has been reliably earning +/-9% over the last several years.

 

[bripat9643]

Social security is nothing but forced dependence on government, a fact that you sheep are too stupid to realize.

No, it's an understanding that we have an obligation to our elderly when they are no longer able to work.

It's what a civilized society does. .

Uh, wrong. I have no obligation to your parents. SS is what the welfare state does. It has nothing to do with civilization.

Frankly, what you guys want is all the advantages of living in a civilized society and none of the responsibilities.

The sooner the GOP tells you Libertarian loons to fuck off, the better.

SS isn't required for civilization, so your premise is bullshit from the get-go. Apparently you believe the United States wasn't civilized before the Roosevelt Administration.

 

[bripat9643]

`BREAKING NEWS BREAKING NEWS BREAKING NEWS

Rotty has found out that high wage earners in fact pay the most in taxes and that poorer people pay the least in taxes. This breaking bit of info has only been around for the past few years, but damn it is hard to teach a dog to read and type.

Wait a minute. That's the big story. Dog reads and types on the "Net.

BREAKING NEWS BREAKING NEWS; STORY OF A TYPING DOG. (see above)

He's saying it for the benefit of drones like you who don't seem to understand that.

 

[bripat9643]

No, it's an understanding that we have an obligation to our elderly when they are no longer able to work.

It's what a civilized society does.

Frankly, what you guys want is all the advantages of living in a civilized society and none of the responsibilities.

The sooner the GOP tells you Libertarian loons to fuck off, the better.

If the crooks in the government let people keep the 15% of their income that is stolen for the slush fund then people would be able to take care of themselves without the government being involved.

And we can't have that now can we?

I keep a copy of my Q4 2008 401K statement as a reminder of how much the 'private sector' can be trusted to "take care" of me in my old age.

That's the one where the money I seeded into it over the previous six years vanished in about six months.

The only crooks I see are the 1%ers who whing about how much they are paying in taxes when they ride their dressage ponies.

Your 401K should be worth more now than it was in 2007. Why don't you compare the two statements?

Now tell us how much your Social Security account is worth.

 

[skookerasbil]

If the crooks in the government let people keep the 15% of their income that is stolen for the slush fund then people would be able to take care of themselves without the government being involved.

And we can't have that now can we?

I keep a copy of my Q4 2008 401K statement as a reminder of how much the 'private sector' can be trusted to "take care" of me in my old age.

That's the one where the money I seeded into it over the previous six years vanished in about six months.

The only crooks I see are the 1%ers who whing about how much they are paying in taxes when they ride their dressage ponies.

That's your problem you expect other people to take care of you.

And stop whining about the stock market. You would be free to invest your 15% in US treasury bonds if you wanted to that way you could be assured of living just as impoverished as if you allowed the government to steal your money for SS.

Indeed......that's the way people like that think. They make fcukked-up personal life decisions and don't want to take responsibility for it. Blame somebody else. These people are miserable and bitter all the time. JoeB is the poster boy for people who never learned to buckle up their chinstrap. Many have no tolerance for assholes like that.

 

[Skull Pilot]

No, social security is a service that the government provides for you that allows you not to have to fuck with putting money aside, and managing it, etc., your whole working life. And they do it in a highly efficient manner.

I've been getting SS for a short time and it pays my bills. My 2 pensions pay for my fun. I am very thankful the government took that money out of every paycheck I ever earned.

Efficient?

My ass. If you actually took the time to calculate how much money has been taken from you for Ss and then figure out what that money would be worth if you saved it yourself in a balanced portfolio you would be disgusted at how poorly the government handled your money

Here are the administrative costs of SS:

Social Security Administrative Expenses

Irrelevant.

Please do the math.

How much has been taken from you and your employer to feed the SS slush fund?

Figure out the total then divide by the number of years to get the average annual amount. Then divide that by 12 to get the average monthly amount.

Then using historical data starting at the date you started working figure out what that money would be worth today if invested in a balanced portfolio. Then tell me you're actually better off if you can

BTW you would have much much more if you controlled that money.

 

[bripat9643]

So you think that money management skills are something that the vast majority of Americans are good at eh? Got any proof of that. Or are you just dreaming?

My observations as a mortgage loan officer for 18 years were that the majority of citizens sucked at managing their money. But granted, I wan't talking to millions of Americans.

I am sure your experience is much different. What do you do that makes you think our fellow citizens are good at managing money?

It's not rocket science.

I can give you a list of hundreds of no load low cost mutual funds that have out performed the S&P for 20 years or better.

And why is it my responsibility if other people are too lazy or stupid to learn even the basics of handling their own money.

And if people are too stupid or too lazy to learn they can buy US treasury bonds and that way guarantee they will live in the same impoverished standard allowed by the current SS scheme while those who decide to be responsible and learn about investing will retire much wealthier.

Social Security buys treasury bonds.

The government prints Treasury bonds, so the ones SS buys are worth zip.

It's truly sad that dumb shits like you actually believe there is real money in the SS Trust Fund.

 

[bripat9643]

I keep a copy of my Q4 2008 401K statement as a reminder of how much the 'private sector' can be trusted to "take care" of me in my old age.

That's the one where the money I seeded into it over the previous six years vanished in about six months.

The only crooks I see are the 1%ers who whing about how much they are paying in taxes when they ride their dressage ponies.

That's your problem you expect other people to take care of you.

And stop whining about the stock market. You would be free to invest your 15% in US treasury bonds if you wanted to that way you could be assured of living just as impoverished as if you allowed the government to steal your money for SS.

Or I can just be part of a civilized society.

YOu see, the problem with "investment' ist hat ALL I get is my 15%. With social Security, I get back everything I paid into it if I live to 72. If I live to 80, I'm coming out way ahead, laughing at the 1%ers when we raise the tax on those fuckers to keep the system afloat.

You're coming out behind but you're too stupid to know it.

 

[Skull Pilot]

It's not rocket science.

I can give you a list of hundreds of no load low cost mutual funds that have out performed the S&P for 20 years or better.

And why is it my responsibility if other people are too lazy or stupid to learn even the basics of handling their own money.

And if people are too stupid or too lazy to learn they can buy US treasury bonds and that way guarantee they will live in the same impoverished standard allowed by the current SS scheme while those who decide to be responsible and learn about investing will retire much wealthier.

Social Security buys treasury bonds.

The government prints Treasury bonds, so the ones SS buys are worth zip.

It's truly sad that dumb shits like you actually believe there is real money in the SS Trust Fund.

SS is categorized as an unfunded liability and the sheep are too stupid to know what that means.

 

[Care4all]

Saving for retirement was suppose to be a 3 legged stool

1- guaranteed retirement pension from your work-1/3rd
2-guaranteed retirement pension from Social security-1/3rd
3- Income at risk, but from your own savings and investments-1/3rd

2/3's in safe investments

1/3rd with your own savings which can make, or break you....

Of course that hasn't worked out too well because all of the Companies that used to offer a guaranteed pension are no longer doing such in the private sector, well, not as many are...and there is always some trick to it where you have to be with them at least 10 years and then they let you go at 8 or 9 years and you start the clock again at your next job....sigh....

And then they created these 401k's to substitute for them but that is now putting 2/3rds of your money at risk instead of just the 1/3rd.....

Basically this SECURE yet bountiful 3 legged stool is non existent now...

 

[JoeB131]

This is why I am a strong advocate of the Fair Tax Act. Not only does it tax everyone equally (the rich would still pay more in dollar amounts), it taxes the hidden incomes and removes the hidden taxes.

Between 20-25% of every dollar you spend is on taxes in each item you buy. Plus most workers pay 25% of their pay into taxes. Those who get big refunds are giving the gov't an interest free loan.

Wow. A plutocrat toady supports a tax that benefits the rich and fucks working people.

Why am I not surprised.

Besides the douchebaggery of it, it would also be bad for the economy. If you only pay taxes when you spend money, people will be less inclined to spend money. they'll squeeze another year out of that old car or sew a hole in that shirt.

Less spending. Less jobs.

YOu the thing is, we HAD this right. After WWII, the rich paid their fair share, the government spent on infrastructure and education, and we had a pretty prosperous society.

 

[JoeB131]

That's your problem you expect other people to take care of you.

And stop whining about the stock market. You would be free to invest your 15% in US treasury bonds if you wanted to that way you could be assured of living just as impoverished as if you allowed the government to steal your money for SS.

Or I can just be part of a civilized society.

YOu see, the problem with "investment' ist hat ALL I get is my 15%. With social Security, I get back everything I paid into it if I live to 72. If I live to 80, I'm coming out way ahead, laughing at the 1%ers when we raise the tax on those fuckers to keep the system afloat.

You're coming out behind but you're too stupid to know it.

Well, no, i'm not. Incidently, I don't think I'd ever retire, and I doubt I'd live that long, anyway. (People in my family rarely make it into their 70's)

But what I do like is living in a society where we don't let people starve or die of treatable diseases when the rich can't exploit them anymore.

When I was growing up, we called that "Common decency".

Something absent from the GOP. OTher than trying to tell women what to do with their lady parts, they don't know what that is.

 

[JoeB131]

[

Your 401K should be worth more now than it was in 2007. Why don't you compare the two statements?

Now tell us how much your Social Security account is worth.

Actually, I liquidated my 401K in 2012 to pay off medical expenses left over from when my last job fired me in the middle of medical treatment. Yes, it was worth more than it was in 2008.

NO, i am never, ever going to trust a 401K to Wall Street again.

 

[editec]

Oh those poor poor rich people.

Thank you for bringing this to our attention, Rott.

 

[MisterBeale]

[ame="https://www.youtube.com/watch?v=3TpIDX49b_A"]https://www.youtube.com/watch?v=3TpIDX49b_A[/ame]

 

[WinterBorn]

This is why I am a strong advocate of the Fair Tax Act. Not only does it tax everyone equally (the rich would still pay more in dollar amounts), it taxes the hidden incomes and removes the hidden taxes.

Between 20-25% of every dollar you spend is on taxes in each item you buy. Plus most workers pay 25% of their pay into taxes. Those who get big refunds are giving the gov't an interest free loan.

Wow. A plutocrat toady supports a tax that benefits the rich and fucks working people.

Why am I not surprised.

Besides the douchebaggery of it, it would also be bad for the economy. If you only pay taxes when you spend money, people will be less inclined to spend money. they'll squeeze another year out of that old car or sew a hole in that shirt.

Less spending. Less jobs.

YOu the thing is, we HAD this right. After WWII, the rich paid their fair share, the government spent on infrastructure and education, and we had a pretty prosperous society.

Absolute horseshit. People are not going to sew up holes in their shirt to save that little amount. If a shirt costs $25, the tax they pay would be $5.75. I don't know anyone who would spend the time it takes to save less than $6. At least none who are not doing it now.

Besides, your idea only works if you ignore all the imbedded taxes that would be gone. There are already at least 23% in taxes in every item. You just don't see it. Once the competition for business has time to even out, the price would be back to what it was. Except you wouldn't be losing the big chunk of your income to taxes. If you make $15 an hour, work 40 hours, and have 20% cut from your check, you have $120 cut from your check. Under the current system, you get a paycheck for $480. Under the Fair Tax Act you get a check for $600.

Also, perhaps you are unaware that we in the US spend between $470 billion and $500 billion on tax compliance. That is not what we PAY in taxes. That is what we spend to comply with an insanely complex tax system. This removes all of that. So an additional $450 billion would be pumped into the economy.

Used cars (like any used item) would not be taxed. So those wishing to save more could buy a used car.

 

[WinterBorn]

[

Your 401K should be worth more now than it was in 2007. Why don't you compare the two statements?

Now tell us how much your Social Security account is worth.

Actually, I liquidated my 401K in 2012 to pay off medical expenses left over from when my last job fired me in the middle of medical treatment. Yes, it was worth more than it was in 2008.

NO, i am never, ever going to trust a 401K to Wall Street again.

So it was worth more? So, despite your whining, Wall Street made a profit for you?

lol

And if you had left it in there you would have even more money now.

But, while you admit that the 401k made you a profit, you say you will never trust Wall Street again?? lol

And we are supposed to take financial advice from you or accept your views of how things should be? Too funny.

 

[JakeStarkey]

Skull Pilot, you and millions of others want to privatize your profit and socialize the risk on the rest of us.

Not going to happen.

Wrong again.

I just want to be able to control the 15% of the money the government steals from me.

If you want to give yours to the inept crooks in DC then go ahead.

Fantasize all you want, but you won't be allowed to socialize your risk on the rest of us.