Should The Rich Be Required To Pay Higher Taxes In the US?

[RKMBrown]

You are the effing moron that thinks capital gains tax is the same thing as federal income tax on wages.

Are dividends taxed?

1. Qualified dividends, such as most of those paid on corporate stocks, are taxed at long term capital gains rates — which are lower than ordinary income tax rates. Nonqualified dividends, however, are taxed at the higher ordinary income tax rates.

Point?

What keeps confusing you about the simple fact that capital gains tax is not the same as federal income tax on wages? You are comparing apples to oranges.

I know it's hard for you to fathom, how do you think the 1% get paid?

Do you think they live off of thin air?

Many have assets that they inherited. Spending your inheritance after it has been taxed is not income. Many have corporations that they created. Those corporations buy corporate cars, corporate offices, corporate boats, corporate football tickets, corporate junkets, they buy food, they pay for "assistants." etc... The rich can move their assets to island nations that don't charge high taxes... they can do whatever the fuck they want to with their assets.

Federal income tax is not a tax on that which you need to live off. It's indentured servitude.

No one actually needs an income to live. You can live off the land and bartering. The rich can do the same. Most rich folks that you dumb ass demcrats complain about are retired people who have nest eggs. They live off their savings. Yes I know you scum want everyone's retirement nest egg too. You communists are such scum.

 

[GWV5903]

You are the effing moron that thinks capital gains tax is the same thing as federal income tax on wages.

Are dividends taxed?

1. Qualified dividends, such as most of those paid on corporate stocks, are taxed at long term capital gains rates — which are lower than ordinary income tax rates. Nonqualified dividends, however, are taxed at the higher ordinary income tax rates.

Point?

What keeps confusing you about the simple fact that capital gains tax is not the same as federal income tax on wages? You are comparing apples to oranges.

I know it's hard for you to fathom, how do you think the 1% get paid?

Do you think they live off of thin air?

Many have assets that they inherited. Spending your inheritance after it has been taxed is not income. Many have corporations that they created. Those corporations buy corporate cars, corporate offices, corporate boats, corporate football tickets, corporate junkets, they buy food, they pay for "assistants." etc... The rich can move their assets to island nations that don't charge high taxes... they can do whatever the fuck they want to with their assets.

Federal income tax is not a tax on that which you need to live off. It's indentured servitude.

No one actually needs an income to live. You can live off the land and bartering. The rich can do the same. Most rich folks that you dumb ass demcrats complain about are retired people who have nest eggs. They live off their savings. Yes I know you scum want everyone's retirement nest egg too. You communists are such scum.

I now realize how easy it was for Obama to get elected...

 

[RKMBrown]

You are the effing moron that thinks capital gains tax is the same thing as federal income tax on wages.

Are dividends taxed?

1. Qualified dividends, such as most of those paid on corporate stocks, are taxed at long term capital gains rates — which are lower than ordinary income tax rates. Nonqualified dividends, however, are taxed at the higher ordinary income tax rates.

Point?

What keeps confusing you about the simple fact that capital gains tax is not the same as federal income tax on wages? You are comparing apples to oranges.

I know it's hard for you to fathom, how do you think the 1% get paid?

Do you think they live off of thin air?

Many have assets that they inherited. Spending your inheritance after it has been taxed is not income. Many have corporations that they created. Those corporations buy corporate cars, corporate offices, corporate boats, corporate football tickets, corporate junkets, they buy food, they pay for "assistants." etc... The rich can move their assets to island nations that don't charge high taxes... they can do whatever the fuck they want to with their assets.

Federal income tax is not a tax on that which you need to live off. It's indentured servitude.

No one actually needs an income to live. You can live off the land and bartering. The rich can do the same. Most rich folks that you dumb ass demcrats complain about are retired people who have nest eggs. They live off their savings. Yes I know you scum want everyone's retirement nest egg too. You communists are such scum.

I now realize how easy it was for Obama to get elected...

Ayup .. it was because of idiots like you that voted for Bush as if a moderate socialist / religious wing nut would be the way to save the country from socialism. What's he do? NO CHILD LEFT BEHIND.. EXPAND MEDICARE.. COMPLETELY ELIMINATE ALL TAXES FOR THE BOTTOM HALF OF THE COUNTRY MAKING THESE PEOPLE FEEL LIKE THEY ARE ENTITLED TO REPRESENTATION WITHOUT ANY TAXATION.

 

[Campbell]

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he's being taxes at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Yeah, and how many people in the 1960s earned more than $300,000 a year?

What.... five people? Maybe?

Do you think that only 5 people in the 1960s were that wealthy? The Rockefellers, J. Paul Getty, Howard Hughes, Daniel Keith Ludwig? You think that was it?

There were hundreds of super wealthy in the 1960s, just as there are today. The difference is, you didn't know about it. You didn't know about it because they didn't have the statistics we do today. Information was not public. Additionally, people hid their income in different ways, or had compensation other than cash... just like today.

Moreover, yes the top marginal tax rate was 91%. Did you know that unlike today, where with at top marginal rate of 39%, the top 1% are paying almost 40% of all income taxes..... in 1960 with a 91% top marginal rate, the top 1% only paid 16% of all income taxes.

Once again, you people spout off, while being completely disproved by the facts. You can't "make" people pay a tax. You can set a tax rate, but dude, if I'm CEO.... I can choose my own pay....

It's not a fixed game. Zuckerberg started with nothing, and now he's a billionaire. How did he do that, if the game was fixed?

There are hundreds of people that all became millionaires in the last few years. How is that possible if the game is rigged?

The Mexican immigrant who set up a global drone firm - BBC News

This Mexican immigrant created a multi-million dollar international company. I suppose he missed your dumb little memo saying the game was rigged. Idiot.

You are just wrong. As you people always are.

You people?? I'm 81 years old. I was there. Plenty of workers earned more than $300K per year. We're talking big war years when weapons systems were invented and manufactured. Ever hear about the nuclear weapons programs? Ever hear about Jack Kennedy's little decade long arrangement for a trip to the moon? Whatever it was we actually had a middle class. Now the goddam selfish assholes want it all and if the present tax structure stays the way it is they will end up getting it.

That useless daughter who inheirited Sam Walton's wealth never has done an honest days work in her life. She's worth $40 billion and openly opposes a minimum wage. Just how much money does an arrogant, selfish bitch need before they begin to relax occasionally? Her tight ass would pinch the head off a ten penny nail.

First off, it's none of your business what someone else inherits or doesn't. Someone that's 81 years old, should have learned that by now. That's 6-year-old elementary school lesson. You don't get a toy, just because bobby got a toy.

Second, it's not for you to judge someone that you have never met. I've never met you.... can I tell everyone what a greedy envious jerk off you are? No? I'm not allowed to judge you, when I don't know you? Can you apply that to yourself in this thread?

Again, I had these people called "parents" and they taught me stuff like... DO NOT JUDGE PEOPLE YOU DON'T KNOW. That is what crappy scum suckers do.

Thirdly, statistically you are incorrect. While we don't have specific numbers, because the IRS didn't keep specific numbers at the time.... we do have 'income ranges'. The range of income is from several different brackets. Even so, only about a thousand people (couples), were in that highest income range. Thus we can conclude that only a fraction of those (couples), paid the highest marginal rate. A few hundred at best.

But then you have to take into account, when. Why? Because the effective tax rate fell.... even though the marginal rates did not.

In 1953, according to the IRS historical data, the effective tax rate on the top 1% was about 49%, and by 1960, fell to 31%.

Do understand what happened? The wealthy over time, moved to reduce their tax burden. They changed their CEO contracts to get lower tax compensation. Who the heck is going to work for $9 out of every hundred they work for? You wouldn't. I wouldn't. No one would.

So over time, the top marginal rate, collected less and less tax revenue. Why you are shocked by this, I don't know.

And those of you who think that you are going to raise taxes, and fix our debt problem... you are crazy.

View attachment 50127

Look back at the 1950s. The longer the 92% tax rate was in place, the lower the revenue to GDP got. They were collecting LESS revenue from the economy relative to GDP, over time.

Again... the longer you go with super high tax rates, the less revenue you generate.

If you think you are going to raise taxes, and collect endless piles of money to fix Social Security and Medicare, and all your other socialist programs, you people are nutz. Sorry.

You don't know shit!

In 1937 my dad was working 12 hours a day in a box factory. The 12 hours brought him in a cool $4.00 a week. There was no such thing as hospitalization, healthcare programs, minimum wage, vacation, personal time off, etc. There were no pensions and there were no labor unions. If you were there and worked hard you were paid and if you weren't you weren't. There was one thing though....if the foreman didn't like the way you combed your hair he fired you. "Pick Up Your Pay" was the words nobody wanted to hear because there were half a dozen men wanting the job and the companies knew it. My Dad ruptured himself unloading a skid and after the second day he was out they replaced him. My granddaddy had a farm so we moved back with them till Daddy healed. In 1938 or so my daddy went to work on one of Roosevelt's relief programs...the WPA. He was earning $3.60 a week for 48 hours and in those days a small family could get by with that amount. Kerosene was $0.11 a gallon and ten pounds of potatoes was about a dime. When the war started my dad managed to get a job at the shell loading plant at Milan, TN which was operated by Procter and Gamble. From then on we did pretty good. In 1944 Dad started work for Union Carbide in the plants at Oak Ridge and after that everything was better.

Have you ever heard of "Poor Houses?" Each county would own an old shanty with a couple of acres of land and old, sick, poverty stricken people would end up there and the ones who could still do a little work would raise enough vegetables and fruit to can and preserve and keep everyone alive. In the late 1940's when people began to first draw social security the county poorhouses began to disappear. There are still graveyards all over this country with unmarked graves where those old poverty stricken folks were buried.

It's pretty obvious what you like. Staying at home and drawing very good pay while poor kids who can't afford college go 10,000 miles to some god-for-saken desert to fight and die in some Republican oil war. I've seen this shit all my life. I was in the military in 1957,58 and in the Tennessee National Guards till the mid sixties. At one time for a few years because of my weekend jobs playing dance band piano I was drawing 3 paychecks a week. It paid off....now I'm retired on a nice place on the lake with a modern, floating dock and a new South Bay pontoon boat docked inside.

I watched labor unions get better benefits for working people and was a member of a union myself for the first ten years I worked. Local 9-288 in the OCAW. Oil, Chemical and Atomic Workers. I saw unions methodically get benefits for workers...all workers not just their members. The companies were adamant that union members would never get any kind of benefit that their technical and management employees didn't have. Sometimes after negotiations and some times a strike when the company had give in to the union the technical and management personnel would get the benefit sometimes just a few weeks before the union workers. Unions made the middle class and appropriate tax rates on everybody made it able to exist.

Of course you've gathered that I never attended college...never could afford it till after I had children and continuous responsibilities. That's the key to stopping some of this madness where the money continues to creep to the top. The haves love for the have not's to stay low. While the uppercrust attends ivy league schools the "Pore Folks" go fight their wars and do the best they can. I did fine by my 3 children. Two have master's degrees and the other one works at a level GS14 for the Department of Energy in Oak Ridge. My eight grandchildren are on a good path. Two have graduated from college and one is presently enrolled at Roane State Community College in east TN, one at MTSU and one at NCSU in Raleigh, NC.

Ronald Reagan was an ex Democrat.....the reason, his B Movies began to make some serious dollars and he resented paying his income tax. Here's a man that without his looks would have never amounted to shit but with his looks was twice elected to the highest office in the land. History includes his slashing of tax rates for the richest Americans and the beginning of the end of the middle class. When he fired the PATCO union when they were striking for better working conditions for one of the most pressured occupations in the world, air traffic controllers, that began the demise of organized labor:

Notice that after Bill Clinton's two terms the uppercrust was moving toward normal but George W. Bush put a stop to that with his two tax cuts for wealthiest Americans:

 

[danielpalos]

I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.

Reagan began slashing tax rates then came George W. Bush. Neither of them cut their spending a goodam dime and borrowed from foreign banks to cover the shortfall. Tax cuts for the wealthiest people in America. It's what the Republican party stands for these days, and not much more. What they did was to funnel trillions of borrowed dollars to those in our country who were already well off. It's not a military secret...it's as plain as the nose on our faces:

................................Total U S Debt............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he, she's being taxed at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

i believe our economy needs the equivalent to an oil pump to recirculate money in our economy.

 

[Campbell]

I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.

Reagan began slashing tax rates then came George W. Bush. Neither of them cut their spending a goodam dime and borrowed from foreign banks to cover the shortfall. Tax cuts for the wealthiest people in America. It's what the Republican party stands for these days, and not much more. What they did was to funnel trillions of borrowed dollars to those in our country who were already well off. It's not a military secret...it's as plain as the nose on our faces:

................................Total U S Debt............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he, she's being taxed at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

i believe our economy needs the equivalent to an oil pump to recirculate money in our economy.

Not a bad idea.....the one we have is pumping upward 24/7.

 

[danielpalos]

I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.

Reagan began slashing tax rates then came George W. Bush. Neither of them cut their spending a goodam dime and borrowed from foreign banks to cover the shortfall. Tax cuts for the wealthiest people in America. It's what the Republican party stands for these days, and not much more. What they did was to funnel trillions of borrowed dollars to those in our country who were already well off. It's not a military secret...it's as plain as the nose on our faces:

................................Total U S Debt............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he, she's being taxed at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

I'll just add this:

"From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, a rise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period."

why did this happen? could capital gains micromanagement by our federal Congress, have resulted in a more equitable distribution of income for labor?

 

[danielpalos]

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he, she's being taxed at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Liar.

Do you have trouble reading the English language??

CEO Pay in 2012 Was Extraordinarily High Relative to Typical Workers and Other High Earners | Economic Policy Institute

From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, a rise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period.

Who cares? What difference does it make? The only reason that matters, is because you are consumed with greed and envy. The rest of us, who are not, don't care. I don't give a crap what my CEO makes. I agreed to work for an agreed wage. As long as he pays me what I am due, I'm fine with whatever he makes.

normally it would not be an issue; but, it can make a difference when viewed from the perspective that the wealthiest can even afford to keep their multimillion dollar bonuses even while on means tested corporate welfare, while the least wealthy seem to not even be able to afford their expressly enumerated rights under our form of Capitalism.

 

[danielpalos]

I'll just add this:
"From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, a rise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period."

Which is precisely what motivates thousands upon thousands daily to strive for more, to utilize a free enterprise system of free market capitalism to improve their lot in life and become something more than "a typical worker" or hopelessly tied to a class designation for life.

All your rhetoric presupposes a society that has no freedom of mobility when it comes to class. This is because Socialism was designed to be promoted to the jealous underclass.

If life is "impossible" as a "typical worker" don't BE one... BE something else! BE a BOSS! ...You have the freedom to do that here. You do not have the freedom to do that in a Socialist or Communist system.... Ironically, it is the very conditions you falsely portray of capitalism which you will ultimately get with a Socialist system, only, the so-called "top 1%" are the ruling class elite whom you will bow to or face beheading and which you will never be a part of.

The context is that there are plenty of "unfilled positions" that simply don't pay enough to be filled for full employment purposes; and, it should come out of the capital gains preference, not labor.

 

[danielpalos]

Reagan began slashing tax rates then came George W. Bush. Neither of them cut their spending a goodam dime and borrowed from foreign banks to cover the shortfall. Tax cuts for the wealthiest people in America. It's what the Republican party stands for these days, and not much more. What they did was to funnel trillions of borrowed dollars to those in our country who were already well off. It's not a military secret...it's as plain as the nose on our faces:

................................Total U S Debt............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he, she's being taxed at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

i believe our economy needs the equivalent to an oil pump to recirculate money in our economy.

Not a bad idea.....the one we have is pumping upward 24/7.

a good oil pump does not allow for any friction of a natural rate of unemployment by pumping liquidity through our economy regardless of whether or not labor is idling or not.

 

[danielpalos]

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he, she's being taxed at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Liar.

Do you have trouble reading the English language??

CEO Pay in 2012 Was Extraordinarily High Relative to Typical Workers and Other High Earners | Economic Policy Institute

From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, a rise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period.

Why no I don't. Do you? You think cutting and pasting bullshit makes you smart? FYI.. you're a dumb ass piece of shit fucking moron if you think people 1) paid 91% in taxes or 2) should pay 91% in taxes.

That's all they can do though. Leftists are generally pretty ignorant people. Cutting and pasting, is all they can do. Keep your expectations low enough, and you won't be disappointed by the left anymore.

some on the left get nothing but fallacy, repeal, and mere rejection from the right.

 

[danielpalos]

Reagan began slashing tax rates then came George W. Bush. Neither of them cut their spending a goodam dime and borrowed from foreign banks to cover the shortfall. Tax cuts for the wealthiest people in America. It's what the Republican party stands for these days, and not much more. What they did was to funnel trillions of borrowed dollars to those in our country who were already well off. It's not a military secret...it's as plain as the nose on our faces:

................................Total U S Debt............................

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he's being taxes at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Yeah, and how many people in the 1960s earned more than $300,000 a year?

What.... five people? Maybe?

Do you think that only 5 people in the 1960s were that wealthy? The Rockefellers, J. Paul Getty, Howard Hughes, Daniel Keith Ludwig? You think that was it?

There were hundreds of super wealthy in the 1960s, just as there are today. The difference is, you didn't know about it. You didn't know about it because they didn't have the statistics we do today. Information was not public. Additionally, people hid their income in different ways, or had compensation other than cash... just like today.

Moreover, yes the top marginal tax rate was 91%. Did you know that unlike today, where with at top marginal rate of 39%, the top 1% are paying almost 40% of all income taxes..... in 1960 with a 91% top marginal rate, the top 1% only paid 16% of all income taxes.

Once again, you people spout off, while being completely disproved by the facts. You can't "make" people pay a tax. You can set a tax rate, but dude, if I'm CEO.... I can choose my own pay....

It's not a fixed game. Zuckerberg started with nothing, and now he's a billionaire. How did he do that, if the game was fixed?

There are hundreds of people that all became millionaires in the last few years. How is that possible if the game is rigged?

The Mexican immigrant who set up a global drone firm - BBC News

This Mexican immigrant created a multi-million dollar international company. I suppose he missed your dumb little memo saying the game was rigged. Idiot.

You are just wrong. As you people always are.

You people?? I'm 81 years old. I was there. Plenty of workers earned more than $300K per year. We're talking big war years when weapons systems were invented and manufactured. Ever hear about the nuclear weapons programs? Ever hear about Jack Kennedy's little decade long arrangement for a trip to the moon? Whatever it was we actually had a middle class. Now the goddam selfish assholes want it all and if the present tax structure stays the way it is they will end up getting it.

Yes, when socialism was bailing out capitalism, like usual. The Right usually Only complains the most about Socialism, when the least wealthy may benefit.

 

[danielpalos]

One million dollar cap on wealth.

The rest should be stolen and given to those bureaucratically chosen as deserving unearned handouts...

For the people comrades !

i see you that, my Good Comrade and raise you,

no cap on incomes

and

simple compliance with existing laws regarding employment at will for labor to self-select their "unearned" handout simply for that capital division of labor and individual liberty, at the rock bottom cost of a form of minimum wage.

For the People, comrades!

 

[Boss]

The context is that there are plenty of "unfilled positions" that simply don't pay enough to be filled for full employment purposes; and, it should come out of the capital gains preference, not labor.

I don't know what you are trying to say because you're words aren't making sense here.

I have no idea what you mean by "unfilled positions that don't pay enough.." If a capitalist has a position available, it has to pay enough if he fills it. If he doesn't fill it, perhaps it's because he isn't offering enough? If he has people breaking down his door to get it, perhaps he is offering too much? Or maybe he is offering about right but there is a lack of supply or abundance of supply of labor? Jobs are not confined to a single moronic liberal birdbrain scenario... they vary widely across many different fields.

Now what I think maybe you are trying to say is... you want capitalists to pay people more for labor. But the problem is, free market capitalism isn't determined by your whims or your emotive bleating. It works on principles of supply and demand. So if you want better paying jobs, you have to increase demand for labor or reduce supply of labor. Trying to mandate what you want into being through political power isn't working and isn't going to ever work.

 

[Campbell]

Let's just make them pay 90%...

Let's make everyone pay 90%... starting with YOU, YOU PIECE OF SHIT.

All the way into the 1960's anyone who earned more than $300,000 a year paid 91% of the excess in taxes. 'Course back then CEO's earned 25 times what a carpenter or electrician made. Now the rich have fixed the game and they've got nearly all the money. They won't quit until America becomes a Lord/Serf society. If you count all the fees, taxes etc. that an average earner makes he's being taxes at twice the percentage of his/her gross income that the rich are. Payroll tax, state income tax, sales tax, federal excise tax, property tax, fees on everything from auto registration to a fishing license. The upper nuts are supposed to be paying 35%-40% but none of them do. Their lawyers and accountants see to that. I have a buddy in MS who owns a metal building construction company and he told me that if he ever had to pay more than 20% he would fire his accountant and hire a new one.

Yeah, and how many people in the 1960s earned more than $300,000 a year?

What.... five people? Maybe?

Do you think that only 5 people in the 1960s were that wealthy? The Rockefellers, J. Paul Getty, Howard Hughes, Daniel Keith Ludwig? You think that was it?

There were hundreds of super wealthy in the 1960s, just as there are today. The difference is, you didn't know about it. You didn't know about it because they didn't have the statistics we do today. Information was not public. Additionally, people hid their income in different ways, or had compensation other than cash... just like today.

Moreover, yes the top marginal tax rate was 91%. Did you know that unlike today, where with at top marginal rate of 39%, the top 1% are paying almost 40% of all income taxes..... in 1960 with a 91% top marginal rate, the top 1% only paid 16% of all income taxes.

Once again, you people spout off, while being completely disproved by the facts. You can't "make" people pay a tax. You can set a tax rate, but dude, if I'm CEO.... I can choose my own pay....

It's not a fixed game. Zuckerberg started with nothing, and now he's a billionaire. How did he do that, if the game was fixed?

There are hundreds of people that all became millionaires in the last few years. How is that possible if the game is rigged?

The Mexican immigrant who set up a global drone firm - BBC News

This Mexican immigrant created a multi-million dollar international company. I suppose he missed your dumb little memo saying the game was rigged. Idiot.

You are just wrong. As you people always are.

You people?? I'm 81 years old. I was there. Plenty of workers earned more than $300K per year. We're talking big war years when weapons systems were invented and manufactured. Ever hear about the nuclear weapons programs? Ever hear about Jack Kennedy's little decade long arrangement for a trip to the moon? Whatever it was we actually had a middle class. Now the goddam selfish assholes want it all and if the present tax structure stays the way it is they will end up getting it.

Yes, when socialism was bailing out capitalism, like usual. The Right usually Only complains the most about Socialism, when the least wealthy may benefit.

Yep....ever notice how they want to change the subject when George W. Bush's unreasonable tax cut(s) at the beginning of his first term resulted in the deepest recession since the great depression?

 

[danielpalos]

One million dollar cap on wealth.

The rest should be stolen and given to those bureaucratically chosen as deserving unearned handouts...

For the people comrades !

Libtards ... can't shoot em... well not yet anyway.

i am on the left, so that is not an option; and, i need to bargain as a result.

 

[danielpalos]

The context is that there are plenty of "unfilled positions" that simply don't pay enough to be filled for full employment purposes; and, it should come out of the capital gains preference, not labor.

I don't know what you are trying to say because you're words aren't making sense here.

I have no idea what you mean by "unfilled positions that don't pay enough.." If a capitalist has a position available, it has to pay enough if he fills it. If he doesn't fill it, perhaps it's because he isn't offering enough? If he has people breaking down his door to get it, perhaps he is offering too much? Or maybe he is offering about right but there is a lack of supply or abundance of supply of labor? Jobs are not confined to a single moronic liberal birdbrain scenario... they vary widely across many different fields.

Now what I think maybe you are trying to say is... you want capitalists to pay people more for labor. But the problem is, free market capitalism isn't determined by your whims or your emotive bleating. It works on principles of supply and demand. So if you want better paying jobs, you have to increase demand for labor or reduce supply of labor. Trying to mandate what you want into being through political power isn't working and isn't going to ever work.

you merely need a clue and a Cause regarding that which you claim to want; capitalism and the laws of demand and supply.

any unfilled positions mean they are simply not paying enough under any form of capitalism. and, since the capital gains preference is supposed to help with full employment, it should come out of that, not labor. there are no unfilled positions under any form of Capitalism, only "stingy Capitalists".

 

[LogikAndReazon]

Certainly unions and progressively led companies or more accurately collectives are paying their labor exactly what they are worth.

A workers paradise....

NO ??? Lol

 

[Sallow]

I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.

Everyone should pay the same percentage of their income for taxes. We should all be taxed the same. Why punish wealth? Why punish success? Why tax one citizen any more than another? If one person is taxed 15% of their income, then everyone should be taxed at a 15% rate. We're all citizens. We all share highways, bridges, national defense, schools, libraries, fire departments, law enforcement, and other public services.

The wealthy benefit more from schools, roads, bridges, national defense, law enforcement and other public services than average Americans......they should pay more

Wait a minute: how are they benefiting more than anybody else? Even if they were, they are paying more than anybody else so it's already fair in that regard.

The wealthy don't need Medicare, Medicaid, Social Security, SNAP's cards, Obama phones, school lunch programs just to name a few. If anybody benefits more, it's the poor because they put little to nothing into those programs and take all they can out.

Without roads, bridges, harbors, railroads a corporation has no way to get critical supplies in and finished product out. Corporate America would cease to exist

Common workers need roads to get to work and visit grandma occasionally

Other than interstates the roads are a state expense. paid for by license fees and gas taxes

Not entirely true.

States get "block grants" from the Federal government which is suppose to be used to cover short falls in their own revenue. That use to be in addition to "ear marks" which have basically gone the way of "cooperation" with the current configuration of the government.

 

[Sallow]

Worked before

One thing we do know is that Supply Side Economics has been a failure

No it hasn't, it was successful what has been a failure is government, they waste, steal or lose our tax money.......and then that effects the economy....18 trillion in the hole means 18 trillion not being used to create an economy.

We had no debt until we adopted supply side economics. After all, Reganites claimed deficits don't matter and all tax cuts pay for themselves

Reagan's tax cuts brought in almost 2 times the amount in taxes than before, and the democrats in congress spent even more than that........they lied to Reagan about cutting spending and he learned his lesson about congressional democrats.

That's a bunch of Marlarkey.

Reagan cut taxes and increased military spending as a "stimulus" (Read huge gift to his buddies in the defense industry). Things got so bad he had to go, hat in hand, and beg Tip O'Neill to bail him out. Tip responded with one of the biggest tax increases in US history with the burden shifted mostly on the working poor. TIPs and unemployment income being taxed were two examples of brand spanking new taxes signed into law by President Reagan.