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Ame®icano;4165591 said:Obama keep talking about rich not paying their "fair share" but I never heard what that "fair share" really is. There is an argument on both sides, but I would like hear your opinion, how much exactly is the "fair share" rich and/or others should pay? Give me exact number.
fair share is when the largest part of wealth for rich people (which is passive investment income) is taxed at the same rate as income.
don't you think that's fair?
fair share is when exxon/mobil pays the same percentage on it's PROFITS as I would pay on my income... certainly not less.
in reality, it isn't really that complicated. fair is getting rid of the bush tax cuts. we did fine with them when clinton was president... and it's been disasterous for us since they were imposed.
you don't think that's unfair, do you?
also, when people post graphs, i think it's important to say where the graphs came from. not all source material is equal.
Do you believe that they pay a significant portion of their income to the federal government?
In most cases, yes.
If they pay $1000 in taxes and get back $4000 they are making $3000. They must be paying another $3000 in taxes to even be just a zero liability voter.
If you're claiming that these figures describe 47% of U.S. households, I need some documentation.
Ame®icano;4165591 said:Obama keep talking about rich not paying their "fair share" but I never heard what that "fair share" really is. There is an argument on both sides, but I would like hear your opinion, how much exactly is the "fair share" rich and/or others should pay? Give me exact number.
fair share is when the largest part of wealth for rich people (which is passive investment income) is taxed at the same rate as income.
don't you think that's fair?
fair share is when exxon/mobil pays the same percentage on it's PROFITS as I would pay on my income... certainly not less.
in reality, it isn't really that complicated. fair is getting rid of the bush tax cuts. we did fine with them when clinton was president... and it's been disasterous for us since they were imposed.
you don't think that's unfair, do you?
also, when people post graphs, i think it's important to say where the graphs came from. not all source material is equal.
fair share is when the largest part of wealth for rich people (which is passive investment income) is taxed at the same rate as income.
don't you think that's fair?
fair share is when exxon/mobil pays the same percentage on it's PROFITS as I would pay on my income... certainly not less.
General Electric, the nation’s largest corporation, had a very good year in 2010.
The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.
Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
Link
Exxon doled out more than $15 billion in income tax payments to foreign countries last year. U.S. tax codes allow companies to take massive deductions in light of those international charges, which knocked Exxon's federal income-tax bill down into negative territory.
That said, Uncle Sam gets his money in other ways. Including sales taxes and duties, Exxon recorded $7.7 billion in U.S. tax costs last year, and paid even more overseas. - Link
in reality, it isn't really that complicated. fair is getting rid of the bush tax cuts. we did fine with them when clinton was president... and it's been disasterous for us since they were imposed.
you don't think that's unfair, do you?
also, when people post graphs, i think it's important to say where the graphs came from. not all source material is equal.
Do you believe that they pay a significant portion of their income to the federal government?
In most cases, yes.
If they pay $1000 in taxes and get back $4000 they are making $3000. They must be paying another $3000 in taxes to even be just a zero liability voter.
If you're claiming that these figures describe 47% of U.S. households, I need some documentation.
Well it is documented that 47% don't pay income tax. Other than a Tax on energy what else do you think people are paying? The tax on gasoline is probably between two to three hundred a year per car. No idea per house. If you pay zero income tax it is hard to believe that you are paying a significant amount of money in capital gains taxes.
Why don't you tell me what you believe the number is? Is it 20%? 30%? 10%? And how do you make your estimate?
Mike
Personally I think the rich pay their "fair share" in Fed taxes especially when you consider 47% of the population pay nothing in Fed taxes.
This is a lie. Either you are lying, or you are passing on a lie told to you by another.
Ame®icano;4165591 said:Obama keep talking about rich not paying their "fair share" but I never heard what that "fair share" really is. There is an argument on both sides, but I would like hear your opinion, how much exactly is the "fair share" rich and/or others should pay? Give me exact number.
fair share is when the largest part of wealth for rich people (which is passive investment income) is taxed at the same rate as income.
don't you think that's fair?
fair share is when exxon/mobil pays the same percentage on it's PROFITS as I would pay on my income... certainly not less.
in reality, it isn't really that complicated. fair is getting rid of the bush tax cuts. we did fine with them when clinton was president... and it's been disasterous for us since they were imposed.
you don't think that's unfair, do you?
also, when people post graphs, i think it's important to say where the graphs came from. not all source material is equal.
Yes, I think it is unfair to tax capital gains at the same rate as income. Capital gains taxes are a tax on an investment. There is significant risk involved with capital gains and everyone benefits from capital gains.
Mike
Well it is documented that 47% don't pay income tax.
Why don't you tell me what you believe the number is?
Ame®icano;4193122 said:In most cases, yes.
If you're claiming that these figures describe 47% of U.S. households, I need some documentation.
Well it is documented that 47% don't pay income tax. Other than a Tax on energy what else do you think people are paying? The tax on gasoline is probably between two to three hundred a year per car. No idea per house. If you pay zero income tax it is hard to believe that you are paying a significant amount of money in capital gains taxes.
Why don't you tell me what you believe the number is? Is it 20%? 30%? 10%? And how do you make your estimate?
Mike
Roughly 47% of households, or 71 million, will not owe any federal income tax, according to estimates by the nonpartisan Tax Policy Center.
Some in that group will even get additional money from the government because they qualify for refundable tax breaks.
47% will pay no federal income tax - CNN Money
Now if you look at the data from CBO, you'll notice that the bottom quintile actual has an effective rate of -6.6% on income taxes meaning they make 6.6% off the tax system primarily due to the EITC and child credits. That reimburses their FICA taxes.
So, what is their fair share?
What gives you the right to say they don't deserve their money? Shouldn't I then have the same right to say you don't deserve YOUR money? Should I be able to decide YOU don't make enough and therefore I have the right to steal it from you by dint of law?Ame®icano;4165591 said:Obama keep talking about rich not paying their "fair share" but I never heard what that "fair share" really is. There is an argument on both sides, but I would like hear your opinion, how much exactly is the "fair share" rich and/or others should pay? Give me exact number.
fair share is when the largest part of wealth for rich people (which is passive investment income) is taxed at the same rate as income.
don't you think that's fair?
fair share is when exxon/mobil pays the same percentage on it's PROFITS as I would pay on my income... certainly not less.
in reality, it isn't really that complicated. fair is getting rid of the bush tax cuts. we did fine with them when clinton was president... and it's been disasterous for us since they were imposed.
you don't think that's unfair, do you?
also, when people post graphs, i think it's important to say where the graphs came from. not all source material is equal.
Well it is documented that 47% don't pay income tax.
That's not what I asked. The Earned Income Tax Credit is the mechanism whereby a few families can have a refund higher than the amount of taxes they pay in; I'm not exactly certain of the requirements because I don't qualify myself, but if you are claiming that 47% of taxpayers not only pay no federal income tax but get a refund higher than their withholding, that claim requires documentation. I don't believe it, frankly.
Why don't you tell me what you believe the number is?
Because I've never researched the matter and don't know; what I do know is that you don't know, either.
What gives you the right to say they don't deserve their money? Shouldn't I then have the same right to say you don't deserve YOUR money? Should I be able to decide YOU don't make enough and therefore I have the right to steal it from you by dint of law?Ame®icano;4165591 said:Obama keep talking about rich not paying their "fair share" but I never heard what that "fair share" really is. There is an argument on both sides, but I would like hear your opinion, how much exactly is the "fair share" rich and/or others should pay? Give me exact number.
fair share is when the largest part of wealth for rich people (which is passive investment income) is taxed at the same rate as income.
don't you think that's fair?
fair share is when exxon/mobil pays the same percentage on it's PROFITS as I would pay on my income... certainly not less.
in reality, it isn't really that complicated. fair is getting rid of the bush tax cuts. we did fine with them when clinton was president... and it's been disasterous for us since they were imposed.
you don't think that's unfair, do you?
also, when people post graphs, i think it's important to say where the graphs came from. not all source material is equal.
Why is it alright to discriminate against the successful? Are they the new 'fat'?
Ame®icano;4165591 said:I asked this question on another thread but here we go again.
Obama keep talking about rich not paying their "fair share" but I never heard what that "fair share" really is. There is an argument on both sides, but I would like hear your opinion, how much exactly is the "fair share" rich and/or others should pay? Give me exact number.
Let me introduce you to our friend from the Fraternal Order of Police. 
Bullshit. You're lying. Again.
Oh. Really? One.of.them is sitting next to me driving a.truck.
plenty of.people make under 10k a.year. it depends where you live.also.
Like i said,you know.nothing of the real world..
and i forgot, South Carolina. You have tons of poor people living down there.
My boss works down there and tells us stories of people living in ten x ten slabs ( some with holes in the roof), living 5, 6, 10 people to a small house( thats maybe one to two rooms total.
They make shit for money.
so you dumb fuck people to live on 10k or less.
Ame®icano;4165591 said:Obama keep talking about rich not paying their "fair share" but I never heard what that "fair share" really is. There is an argument on both sides, but I would like hear your opinion, how much exactly is the "fair share" rich and/or others should pay? Give me exact number.
fair share is when the largest part of wealth for rich people (which is passive investment income) is taxed at the same rate as income.
don't you think that's fair?
fair share is when exxon/mobil pays the same percentage on it's PROFITS as I would pay on my income... certainly not less.
in reality, it isn't really that complicated. fair is getting rid of the bush tax cuts. we did fine with them when clinton was president... and it's been disasterous for us since they were imposed.
you don't think that's unfair, do you?
also, when people post graphs, i think it's important to say where the graphs came from. not all source material is equal.
And don't forget the part of ALL CITIZENS paying... I would whole heartedly agree to removing loopholes (corporate and personal), counting capital gains as income etc... as long as every dollar is taxed the exact same rate, no matter if it is dollar 1 or dollar 100000001
Actually, the bottom 47% doesn't pay no taxes. That's the bottom 50%. The bottom 47% actually profit from 'paying' taxes.The 47% figure applies to income tax.
Then, as I said, it means absolutely squat.
With no "Skin in the game"...Actually, the bottom 47% doesn't pay no taxes. That's the bottom 50%. The bottom 47% actually profit from 'paying' taxes.The 47% figure applies to income tax.
Then, as I said, it means absolutely squat.
I live in a ghetto, but thankfully not for much longer. The only people who are living 10 to a single room here are illegal aliens you seek want to protect their right to live in such conditions. They are often not families either, but day laborers working sub minimum wage jobs or very low wage jobs compared to the market and cutting the legs out from legitimate Americans looking for honest wages. This 'crisis' which really doesn't exist in this nation anymore. I know people who have been homeless and in shelters and totally bankrupt. Three things I do know from them in this regard.and i forgot, South Carolina. You have tons of poor people living down there.
My boss works down there and tells us stories of people living in ten x ten slabs ( some with holes in the roof), living 5, 6, 10 people to a small house( thats maybe one to two rooms total.
They make shit for money.
so you dumb fuck people to live on 10k or less.
If theuy're living 10 to a house then obviously they are not the head of household.
Thanks for proving yourself a worthless fucking liar and general no-goodnik.
you seriously are a fucking moron. These are POOR families. Mothers and father who cant make enough to move up. They live in shacks. This is an actual fact.
these people live in 10x10 houses with holes in their roofs.
You want to live in your fantasy world where poor people dont exist in america? Fine, have a ball in La, la land. The rest of us will realize this is really true.
nobody's ever demanded it of them before. Why should they now?With no "Skin in the game"...Actually, the bottom 47% doesn't pay no taxes. That's the bottom 50%. The bottom 47% actually profit from 'paying' taxes.Then, as I said, it means absolutely squat.
Demanding they get skin in the game would be Draconian and Austere...nobody's ever demanded it of them before. Why should they now?With no "Skin in the game"...Actually, the bottom 47% doesn't pay no taxes. That's the bottom 50%. The bottom 47% actually profit from 'paying' taxes.
