Stupid Headline: Rich Ain't Payin' Enuf Taxes!

[DGS49]

Report: Wealthiest executives paid little to nothing in federal income taxes

The information shows how billionaires are able to legally reduce their tax burden, highlighting how the American tax system can hit ordinary wage-earners harder than the richest people in the country.

www.post-gazette.com

So, seeing this headline I dove into the article, since it would be surprising to me if these wealthy people paid only a couple percent OF THEIR INCOMES in FIT. Then I get to...

"ProPublica analyzed the data by focusing on the soaring fortunes of the country’s wealthiest members in recent years and alleged they were paying a “true tax rate” of just 3.4%. The news organization came up with this rate by calculating estimates of the value of their stock portfolios and other assets and then how much they paid in federal income taxes. This is not how tax rates are normally measured[!]."

WTF? Not how tax rates are normally measured? Are you fucking kidding me?

So I guess that makes me one of those tax bandits. My stock portfolio went up by about $250k last year and I paid next to nothing in FIT. In fact, I didn't pay anything on my 401k (since I haven't started taking anything from it yet).

This is journalism? How much did these rich fukkers report in taxable income and how much did they pay? That would be interesting, and might even help to generate the resentment of financial success that is the objective of the article. But not as much resentment as this phony conclusion that they only paid 3 or 4% (of WHAT?).

But this is rubbish. The people who published this should be permanently banned from journalism.

 

[Votto]

I never understood the drive to tax the rich. I mean, will it reduce the deficit spending from $2 trillion to $1.9 trillion?

LMAO!

It's all just propaganda points because people covet and like it when someone with money has their money taken from them.

Hitler did the same thing, heavily taxing the top 4% in Germany. It did not bring in that much more money, but it was wildly popular, which is what he wanted.

 

[Penelope]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

 

[Penelope]

Report: Wealthiest executives paid little to nothing in federal income taxes

The information shows how billionaires are able to legally reduce their tax burden, highlighting how the American tax system can hit ordinary wage-earners harder than the richest people in the country.

www.post-gazette.com

So, seeing this headline I dove into the article, since it would be surprising to me if these wealthy people paid only a couple percent OF THEIR INCOMES in FIT. Then I get to...

"ProPublica analyzed the data by focusing on the soaring fortunes of the country’s wealthiest members in recent years and alleged they were paying a “true tax rate” of just 3.4%. The news organization came up with this rate by calculating estimates of the value of their stock portfolios and other assets and then how much they paid in federal income taxes. This is not how tax rates are normally measured[!]."

WTF? Not how tax rates are normally measured? Are you fucking kidding me?

So I guess that makes me one of those tax bandits. My stock portfolio went up by about $250k last year and I paid next to nothing in FIT. In fact, I didn't pay anything on my 401k (since I haven't started taking anything from it yet).

This is journalism? How much did these rich fukkers report in taxable income and how much did they pay? That would be interesting, and might even help to generate the resentment of financial success that is the objective of the article. But not as much resentment as this phony conclusion that they only paid 3 or 4% (of WHAT?).

But this is rubbish. The people who published this should be permanently banned from journalism.

most of them have a neg number.

55 Corporations Paid $0 in Federal Taxes on 2020 Profits

At least 55 of the largest corporations in America paid no federal corporate income taxes in their most recent fiscal year despite enjoying substantial pretax profits in the United States. This continues a decades-long trend of corporate tax avoidance by the biggest U.S. corporations, and it...

itep.org

 

[Votto]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

No, the notion they need revenue to spend is a lie, otherwise we would not have a debt of $30 trillion idiot.

And if your argument is that the debt could rise too far so we need to raise taxes, then how far above $30 trillion is too far?

You won't answer because the democrats want to spend another $100 trillion trying to fight carbon dioxide, along with free everything in addition.

 

[Auld Phart]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

But not pay down the debt?

 

[TNHarley]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

 

[Gdjjr]

Don't forget, the UN is also considering a world wide tax and Janet Yellen is in agreement-

Follow the money, see the agenda- it ain't just democrats

 

[Penelope]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

“It’s a very conservative area,” said Ray Tucker, president of Lynchburg’s Chamber of Commerce. “Farmers and all are typically stand-on-your-own-ish. They don’t believe in social programs. They believe in ‘You eat what you kill.’”
--------------------------------
What that they say, a very conservative state, They don't believe in "social programs"
They use lottery money to pay for it.

The red state that loves free college

How Tennessee is making Bernie Sanders’ favorite education idea a reality.

www.politico.com

 

[Pete7469]

Don't forget, the UN is also considering a world wide tax and Janet Yellen is in agreement-

Follow the money, see the agenda- it ain't just democrats

Very true. The same billionaire donor class that owns the democrook party own plenty of republicrats too.

They buy these political whores for a very specific reason. Their whores go out on TV and parrot insipid marxist bullshit that vacuous bed wetting parasites gobble up like cookies and are stupid enough to even repeat. The political whores have been telling the dumbest fucking people in the country the same stupid shit all my life. "The rich don't pay their fair share". Ignore the fact that some of those same political whores come from families who have billions of dollars in offshore trust funds and holdings. Ignore the fact that they have done NOTHING and will NEVER DO ANYTHING to collect money from their masters. Their purpose is to keep these sniveling, servile, weapons grade stupid asswipe democrook voters as in the dark and contained like the mushrooms they are.

The problem is they're losing control of their little mushroom monsters. You've got some of these drones like AOC and Bernie (who sold out) gaining political power and the dam may well soon break. The hordes of mindless, soulless turds may just breach containment and actually "EAT THE RICH". I would personally LOVE to see waves of green and blue haired fuck sticks and repulsive bloated dykes loot and burn down places like Martha's Vineyard, Beverly Hills and other places full of limousine liberal parasites rather than the ghettos.

.

 

[TNHarley]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

“It’s a very conservative area,” said Ray Tucker, president of Lynchburg’s Chamber of Commerce. “Farmers and all are typically stand-on-your-own-ish. They don’t believe in social programs. They believe in ‘You eat what you kill.’”
--------------------------------
What that they say, a very conservative state, They don't believe in "social programs"
They use lottery money to pay for it.

The red state that loves free college

How Tennessee is making Bernie Sanders’ favorite education idea a reality.

www.politico.com

yeah lottery money. Not taxing people.
That was my point. Thanks.

 

[Penelope]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

“It’s a very conservative area,” said Ray Tucker, president of Lynchburg’s Chamber of Commerce. “Farmers and all are typically stand-on-your-own-ish. They don’t believe in social programs. They believe in ‘You eat what you kill.’”
--------------------------------
What that they say, a very conservative state, They don't believe in "social programs"
They use lottery money to pay for it.

The red state that loves free college

How Tennessee is making Bernie Sanders’ favorite education idea a reality.

www.politico.com

yeah lottery money. Not taxing people.
That was my point. Thanks.

Tn is one of the lowest taxed states, the rich does pay for it, the more items you buy at the stores the more one pays.

 

[TNHarley]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

“It’s a very conservative area,” said Ray Tucker, president of Lynchburg’s Chamber of Commerce. “Farmers and all are typically stand-on-your-own-ish. They don’t believe in social programs. They believe in ‘You eat what you kill.’”
--------------------------------
What that they say, a very conservative state, They don't believe in "social programs"
They use lottery money to pay for it.

The red state that loves free college

How Tennessee is making Bernie Sanders’ favorite education idea a reality.

www.politico.com

yeah lottery money. Not taxing people.
That was my point. Thanks.

Tn is one of the lowest taxed states, the rich does pay for it, the more items you buy at the stores the more one pays.

WTF are you talking about?

 

[Penelope]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

“It’s a very conservative area,” said Ray Tucker, president of Lynchburg’s Chamber of Commerce. “Farmers and all are typically stand-on-your-own-ish. They don’t believe in social programs. They believe in ‘You eat what you kill.’”
--------------------------------
What that they say, a very conservative state, They don't believe in "social programs"
They use lottery money to pay for it.

The red state that loves free college

How Tennessee is making Bernie Sanders’ favorite education idea a reality.

www.politico.com

yeah lottery money. Not taxing people.
That was my point. Thanks.

Tn is one of the lowest taxed states, the rich does pay for it, the more items you buy at the stores the more one pays.

WTF are you talking about?

The more items you buy the cost is more. Sales tax, but so do the poorer, those sales tax hikes are in the cities.

 

[TNHarley]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

“It’s a very conservative area,” said Ray Tucker, president of Lynchburg’s Chamber of Commerce. “Farmers and all are typically stand-on-your-own-ish. They don’t believe in social programs. They believe in ‘You eat what you kill.’”
--------------------------------
What that they say, a very conservative state, They don't believe in "social programs"
They use lottery money to pay for it.

The red state that loves free college

How Tennessee is making Bernie Sanders’ favorite education idea a reality.

www.politico.com

yeah lottery money. Not taxing people.
That was my point. Thanks.

Tn is one of the lowest taxed states, the rich does pay for it, the more items you buy at the stores the more one pays.

WTF are you talking about?

The more items you buy the cost is more. Sales tax, but so do the poorer, those sales tax hikes are in the cities.

WTF are you talking about? With your drunk ass

 

[Penelope]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

“It’s a very conservative area,” said Ray Tucker, president of Lynchburg’s Chamber of Commerce. “Farmers and all are typically stand-on-your-own-ish. They don’t believe in social programs. They believe in ‘You eat what you kill.’”
--------------------------------
What that they say, a very conservative state, They don't believe in "social programs"
They use lottery money to pay for it.

The red state that loves free college

How Tennessee is making Bernie Sanders’ favorite education idea a reality.

www.politico.com

yeah lottery money. Not taxing people.
That was my point. Thanks.

Tn is one of the lowest taxed states, the rich does pay for it, the more items you buy at the stores the more one pays.

WTF are you talking about?

The more items you buy the cost is more. Sales tax, but so do the poorer, those sales tax hikes are in the cities.

WTF are you talking about? With your drunk ass

I'm moving to TN, also they pay nothing for prop. tax. Also cities here have an income tax as well as a state tax. LOL, I do not mind paying taxes if it goes to the right causes.

 

[TNHarley]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

“It’s a very conservative area,” said Ray Tucker, president of Lynchburg’s Chamber of Commerce. “Farmers and all are typically stand-on-your-own-ish. They don’t believe in social programs. They believe in ‘You eat what you kill.’”
--------------------------------
What that they say, a very conservative state, They don't believe in "social programs"
They use lottery money to pay for it.

The red state that loves free college

How Tennessee is making Bernie Sanders’ favorite education idea a reality.

www.politico.com

yeah lottery money. Not taxing people.
That was my point. Thanks.

Tn is one of the lowest taxed states, the rich does pay for it, the more items you buy at the stores the more one pays.

WTF are you talking about?

The more items you buy the cost is more. Sales tax, but so do the poorer, those sales tax hikes are in the cities.

WTF are you talking about? With your drunk ass

I'm moving to TN, also they pay nothing for prop. tax. Also cities here have an income tax as well as a state tax. LOL, I do not mind paying taxes if it goes to the right causes.

Please dont. FOR THE LOVE OF GOD

 

[Auld Phart]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

“It’s a very conservative area,” said Ray Tucker, president of Lynchburg’s Chamber of Commerce. “Farmers and all are typically stand-on-your-own-ish. They don’t believe in social programs. They believe in ‘You eat what you kill.’”
--------------------------------
What that they say, a very conservative state, They don't believe in "social programs"
They use lottery money to pay for it.

The red state that loves free college

How Tennessee is making Bernie Sanders’ favorite education idea a reality.

www.politico.com

yeah lottery money. Not taxing people.
That was my point. Thanks.

Tn is one of the lowest taxed states, the rich does pay for it, the more items you buy at the stores the more one pays.

WTF are you talking about?

The more items you buy the cost is more. Sales tax, but so do the poorer, those sales tax hikes are in the cities.

WTF are you talking about? With your drunk ass

I'm moving to TN, also they pay nothing for prop. tax. Also cities here have an income tax as well as a state tax. LOL, I do not mind paying taxes if it goes to the right causes.

LOL, I do not mind paying taxes if it goes to the right causes.

You get to choose where your taxes go?

 

[Pete7469]

The more items you buy the cost is more. Sales tax, but so do the poorer, those sales tax hikes are in the cities.

Rather than waste billions of dollars more "researching" bullshit climate change, we should have an army of actually intelligent people studying how "people" this stupid remain fugitives of natural selection.

I'm not joking in even the most remote way. It's because of "people" like Pinheadlope that we have so many traffic fatalities, industrial accidents, and otherwise avoidable casualties. "People" as stupid as this repulsive piece of shit are not supposed to exist. If humanity was still in the early primitive age living in small tribal villages of straw huts jabbering retards like her would wander away from home chasing butterflies and be played with and eventually eaten by lion cubs, some other large cats or even wolves at a young age.

The reason I not only no longer oppose abortion, I ENCOURAGE IT, is because of dangerously stupid "people" like Pinheadlope. They kill hundreds of thousands of us needlessly and accidentally every year. They reduce the standard of living for millions of Americans because of the political whores they elect. They absorb so many resources that other people provide and produce noting of value at all during their entire existence. They're a pox on the planet, a disease, they're beneath the status of vermin because vermin actually have a purpose. So when I say these malignant sacks of biological waste should be aborted, tossed into Planned Unparentood dumpsters and consumed by rats I am not in anyway, shape or form just being mean, jovial or anything but dead serious. These fucking retards are detrimental to our species.

.

 

[Penelope]

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for income over US$1 million a year.

He also said he wamts to end a loophole that allows people to avoid paying the capital gains tax on inherited wealth, which, when combined with the higher tax rate, could raise an estimated $113 billion over a decade. Biden would use the extra revenue to pay for new social programs like paid family leave and free community college.

What’s a capital gain and how is it taxed?

President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.

theconversation.com

TN has free college without raising taxes a penny.
Dont worry, I dont expect you federal supremacists to not tax everyone to oblivion. Dependency is your main policy platform.

“It’s a very conservative area,” said Ray Tucker, president of Lynchburg’s Chamber of Commerce. “Farmers and all are typically stand-on-your-own-ish. They don’t believe in social programs. They believe in ‘You eat what you kill.’”
--------------------------------
What that they say, a very conservative state, They don't believe in "social programs"
They use lottery money to pay for it.

The red state that loves free college

How Tennessee is making Bernie Sanders’ favorite education idea a reality.

www.politico.com

yeah lottery money. Not taxing people.
That was my point. Thanks.

Tn is one of the lowest taxed states, the rich does pay for it, the more items you buy at the stores the more one pays.

WTF are you talking about?

The more items you buy the cost is more. Sales tax, but so do the poorer, those sales tax hikes are in the cities.

WTF are you talking about? With your drunk ass

I'm moving to TN, also they pay nothing for prop. tax. Also cities here have an income tax as well as a state tax. LOL, I do not mind paying taxes if it goes to the right causes.

Please dont. FOR THE LOVE OF GOD

I would never, I'll stay in MI. Biden wants the whole US paying for 2 years of college and that takes money. Why are republicans not voting for the bill is beyond me. Take WV, they have a high drug use and poor people, and most are white, they could use some schooling.

I read TN it helped the drop out of high school. As long as it helps.