My explanation why the rich should NOT be taxed more

[Steinlight]

I'll add another reason. What "Taxing The Rich" really means is taxing middle and upper middle class people who take care of themselves and ask for little from the government in return other than to be LEFT ALONE.

The true rich already have their wealth.

Exactly, they aren't subject to income taxes, they mostly have earned income. And if they have money subject to income taxes, they have lawyers who find loopholes.

So yes, you are correction, higher taxes are a war on the middle and upper middle class. But that is the whole point. The elite hate the middle class, they hate competition from the upper middle class. So sicking the lower class on us to vote in billionaire elitists who will tax us more is part of their MO.

 

[PaintMyHouse]

Billionaires are why so many womanly indignant, progressive illiterates lives are so miserable. Got it....

You are a serious bootlicker for the very rich that's for sure. Great to know that if you have enough cash your shit doesn't stink, according to you, and you'd be in the know on that one.

 

[Erand7899]

So why are you against it again? Saying its a scam doesnt make it one

Yes, it is a scam. The rich do not pay the taxes that are supposedly levied on the rich. They have tax lawyers, loopholes, and tax shelters. The vast majority of their income is taxed as capital gains. Consequently, they don't give a damn whether the top marginal rate is 39% or 90%.

The people who are hit with the tax the rich scams are those working hard to get rich. The vast majority of their income is subject to income taxes, and they are highly sensitive to the top marginal rate. These are also the very same people who are creating the new jobs that we need so badly. When the tax man goes after them, we all get hurt.

 

[boedicca]

So why are you against it again? Saying its a scam doesnt make it one

Yes, it is a scam. The rich do not pay the taxes that are supposedly levied on the rich. They have tax lawyers, loopholes, and tax shelters. The vast majority of their income is taxed as capital gains. Consequently, they don't give a damn whether the top marginal rate is 39% or 90%.

The people who are hit with the tax the rich scams are those working hard to get rich. The vast majority of their income is subject to income taxes, and they are highly sensitive to the top marginal rate. These are also the very same people who are creating the new jobs that we need so badly. When the tax man goes after them, we all get hurt.

The total tax burden as a percent of income on the median American Family has doubled since the 1950s. That burden is more than the combined amounts spent on Food, Clothing, and Housing.

How Hopeychangey is that?

 

[Moonglow]

I say, if the wealthy people and corporations get caught hiring illegals, they should have a 90% tax imposed on all of their wealth and/or income for 5 years...

 

[Vandalshandle]

My understanding is that English is not PVSI's first language. In reading the OP, I suspect that he needs a little more time with McGuffey's reader....

 

[ZenBubba]

Let me start out by saying that my personal income, after business expenses was never more than $5,000 a year. I am NOT rich, but I am VERY conservative (that is how I survive)... And as far as democrats who want to tax the rich more to help out all you poor people, I have two words - Clippers Owner. (you figure it out if you haven't already)

WHY AM I AGAINST TAXING RICH MORE - in short, because it is a SCAM, a clever, crooked scam: There are rich people who earned what they have and then there are rich people whose career is hypocrisy and deception, they are usually involved with politics and IT IS NOT LARGER TAXATION that will eliminate this problem, it is our turning away from their political circus on the MSM and understanding the real problem that can fix it, and taxing "the rich more" is like if someone steals your car and then allows you to ride it from time to time and you demand to be able to ride it more often - it's LOW and it will get you NOWHERE. INTERNATIONAL BANKERS OWN YOUR COUNTRY, they STOLE YOUR GOVERNMENT AND THEY ARE TAXING US ALL, DO NOT BLAME THE RICH YOU DO NOT SEE THEM.

Logical arguments welcome.

How can you live on $5000 a year? Not only are you not paying taxes but we are paying you through the earned income tax credit.

 

[PaintMyHouse]

Why we can't tax the rich....we need to go after the red dot

It might be these new glasses, but that dot looks way too big for my taste. Tax them into extinction.

That little red dot is the people that Mitt Romney targeted in the last election

What Conservatives like to call freeloaders

Livin' large in their generous dot I bet.

 

[LogikAndReazon]

Billionaires are why so many womanly indignant, progressive illiterates lives are so miserable. Got it....

You are a serious bootlicker for the very rich that's for sure. Great to know that if you have enough cash your shit doesn't stink, according to you, and you'd be in the know on that one.

LOL

Nobody owes me a thing, especially not some group of mindless socialist beaureacrats. The only neanderthals who believe that they are, are unworthy parasites, beggars and thieves..............

But ill leave you to your pathetic resentments, you deserve them.............

 

[Moonglow]

1950 tax rate
$400,000 - and over
84.357%

2014 Tax rate
$400,000-and over
39.6%

 

[Erand7899]

Billionaires are why so many womanly indignant, progressive illiterates lives are so miserable. Got it....

You are a serious bootlicker for the very rich that's for sure. Great to know that if you have enough cash your shit doesn't stink, according to you, and you'd be in the know on that one.

You really are envious of those with wealth. It shows in every post that you subject us to.

Do you really believe that the very rich have incomes of just $250,000? If you are serious about sticking it to the super rich, why set the top bracket so low? For the simple reason, Dumbass, that the top marginal rate is aimed at the middle class, and not the super rich.

Your masters ring the bell, and you liberal/socialists begin to salivate.

 

[rightwinger]

Billionaires are why so many womanly indignant, progressive illiterates lives are so miserable. Got it....

You are a serious bootlicker for the very rich that's for sure. Great to know that if you have enough cash your shit doesn't stink, according to you, and you'd be in the know on that one.

You really are envious of those with wealth. It shows in every post that you subject us to.

Do you really believe that the very rich have incomes of just $250,000? If you are serious about sticking it to the super rich, why set the top bracket so low? For the simple reason, Dumbass, that the top marginal rate is aimed at the middle class, and not the super rich.

Your masters ring the bell, and you liberal/socialists begin to salivate.

It is Republicans who set the top rate at $250,000. Best way to protect the rich from tax increases

 

[Steinlight]

1950 tax rate
$400,000 - and over
84.357%

2014 Tax rate
$400,000-and over
39.6%

Should be a flat rate of 10%.

If we didn't have this debt hanging over our heads, we wouldn't need these parasitic tax rates. Like Iceland, we need to tell the bankers to pound sand and refuse to pay the debt. Like fight club, reset the debt to zero.

 

[Vandalshandle]

1950 tax rate
$400,000 - and over
84.357%

2014 Tax rate
$400,000-and over
39.6%

You are not being fair, Moon. Do you realize that the price of a BMW 7 series is up to $141,000? How the hell can the average Joe make ends meet?

 

[PaintMyHouse]

Billionaires are why so many womanly indignant, progressive illiterates lives are so miserable. Got it....

You are a serious bootlicker for the very rich that's for sure. Great to know that if you have enough cash your shit doesn't stink, according to you, and you'd be in the know on that one.

LOL

Nobody owes me a thing, especially not some group of mindless socialist beaureacrats. The only neanderthals who believe that they are, are unworthy parasites, beggars and thieves..............

But ill leave you to your pathetic resentments, you deserve them.............

I don't resent people who are taxed appropriately. Did you know that Adam Smith was against taxes on wages but not wealth or luxury, and that he was fine with the rich paying more since they got more from society and should therefore kick in some extra for the rest? He even had the radical idea that capitalism required people with morals and direct ownership, which is why he opposed corporations. Pretty progressive that fellow eh?

Like him...

 

[Moonglow]

and some Harleys cost more than my first house...39k

 

[Katzndogz]

1950 tax rate
$400,000 - and over
84.357%

2014 Tax rate
$400,000-and over
39.6%

Should be a flat rate of 10%.

If we didn't have this debt hanging over our heads, we wouldn't need these parasitic tax rates. Like Iceland, we need to tell the bankers to pound sand and refuse to pay the debt. Like fight club, reset the debt to zero.

Russia has a flat tax of 13%. But Russia likes its people.

 

[KNB]

1950 tax rate
$400,000 - and over
84.357%

2014 Tax rate
$400,000-and over
39.6%

Should be a flat rate of 10%.

If we didn't have this debt hanging over our heads, we wouldn't need these parasitic tax rates. Like Iceland, we need to tell the bankers to pound sand and refuse to pay the debt. Like fight club, reset the debt to zero.

Russia has a flat tax of 13%. But Russia likes its people.

Yeah, why can't we be more like Russia?

 

[Steinlight]

1950 tax rate
$400,000 - and over
84.357%

2014 Tax rate
$400,000-and over
39.6%

Should be a flat rate of 10%.

If we didn't have this debt hanging over our heads, we wouldn't need these parasitic tax rates. Like Iceland, we need to tell the bankers to pound sand and refuse to pay the debt. Like fight club, reset the debt to zero.

Russia has a flat tax of 13%. But Russia likes its people.

They also told the IMF bankers to pound sand. Both Russia and Iceland are now experiencing economic growth. Anyone see a trend here?

 

[PaintMyHouse]

Billionaires are why so many womanly indignant, progressive illiterates lives are so miserable. Got it....

You are a serious bootlicker for the very rich that's for sure. Great to know that if you have enough cash your shit doesn't stink, according to you, and you'd be in the know on that one.

You really are envious of those with wealth. It shows in every post that you subject us to.

Do you really believe that the very rich have incomes of just $250,000? If you are serious about sticking it to the super rich, why set the top bracket so low? For the simple reason, Dumbass, that the top marginal rate is aimed at the middle class, and not the super rich.

Your masters ring the bell, and you liberal/socialists begin to salivate.

My tax system is easier. 10% on the 1st 100K, then 20% on the next, then 30%, and so on up to 50%. Above 500k we take 50% and you can make as much as like.

Or, we can have a flat tax of 40% for which you get all the basics in life provided for you. Both work just fine for me.