Lets "put up...or SHUT UP" about the fiscal cliff, shall we !

[southwind]

Here !

"The large percentage of people not paying income tax is often blamed on tax breaks that zero out many households’ income tax bills and can even result in net payments from the government. While that’s the case for many households, a new TPC paper shows that about half of people who don’t owe income tax are off the rolls not because they take advantage of tax breaks but rather because they have low incomes. For example, a couple with two children earning less than $26,400 will pay no federal income tax this year because their $11,600 standard deduction and four exemptions of $3,700 each reduce their taxable income to zero. The basic structure of the income tax simply exempts subsistence levels of income from tax."

Apparently, the "Evil Rich" are not the only ones to take advantage of exemptions !

 

[Kev3188]

I should've known my comment would zoom right over your head, and that you'd trot this out in response.

Again: You said "no taxes." Please show me how much of the American populace literally pays "no taxes."

 

[southwind]

With 5... F I V E days to go until the F-C,................................ I say,...BOEHNER 'CAVES' !!

What say you ?

C'mon ' cooler regulars "..STEP UP, don't be Shy.


T I C K - T O C K.........T I C K - T O C K / C L I F F - C L O C K....... C L I F F - C L O C K !

When are you going to respond to your own poll ?

According to Warren Buffett, in 2009, six people making around 200M didnt pay any taxes.

You mean "Federal Income Tax" !

I should've known my comment would zoom right over your head, and that you'd trot this out in response.

Again: You said "no taxes." Please show me how much of the American populace literally pays "no taxes."

Please see above ! Happy now?

 

[southwind]

Why is it ok for Joe Blow, with 5 kids, to pay no income tax, but you have a problem with someone making over $200,000 , paying no income tax......................wealth-envy maybe ? Did the Evil rich dude get Joe Blows wife pregnant, 5 times ?

 

[RDU Jetblast]

Apparently, the "Evil Rich" are not the only ones to take advantage of exemptions !

So you are saying that a family of five should be able to survive on 26k, pay sales tax onpurchases, gas tax for fuel, and income tax? But you're ok with people earning 200m paying next to nothing?

. Yet you complain aboit taking God out of schools! Talk about evil

 

[RDU Jetblast]

Why is it ok for Joe Blow, with 5 kids, to pay no income tax, but you have a problem with someone making over $200,000 , paying no income tax......................wealth-envy maybe ? Did the Evil rich dude get Joe Blows wife pregnant, 5 times ?

It comes down to survival. Maybe it is about religion. In Genisis, God said " be fruitful and multiply". And Jesus said "what you do unto the least of my brothers, you do unto me"

It is not wealth envy, it is using my vote to stay out of Hell.


Yeah, it is about religion. I believe Jesus said "render unto Ceasar that which belongs to Ceasar. "

So, Ceaser in this case is us because we have a govt of the people, for the people.

 

[NewHampshire Black Bears]

When are you going to respond to your own poll ?


You mean "Federal Income Tax" !

Please see above ! Happy now?

HEY SIMPLETON...ck (my) post # 1 !!!!!!!!!!!!

Dear God,.........You are the DUMBEST Southener......( And there's a SH!T Load of you there).......That GOD ever granted breath to !!!


THANX..DOG..KEV for your definitive answers.
So far, I'm the lone voice..going for a "CAVE-IN" by enough REPUGS added to the DEMS, that creates Another win for (the) B O SS.

 

[southwind]

When God said, be fruitful and multiply, I'm sure the fruitful part pertained, in some part to the head of the family being able to provide for his mutiple children !
I have no problem helping my fellow man, when he's down on his luck, but you have to wonder, why someone, making $26,000 would think they could provide for a family of 7 !
Reap what you sow, Brother !

As far as I know, the tax laws apply to everyone! Just because the guy making 200 grand, paid less in taxes because of living off and paying taxes on "Capital Gains" vs. living off and paying taxes on "Actual Income", does not make him Evil or not abiding by the law !

You do know that's where Buffet pulled the wool over everyones eye's..............don't you !
You know the part where he said his secretary paid more in taxes than he did ?
Income Tax = More
Capital Gains Tax = Less

Don't like it, change the tax laws, I'm all for it !

http://www.fairtax.org/site/PageServer

 

[southwind]

Again, taking from the rich and giving to the poor, will only work for so long ! When more people , are taking more cookies out of the jar, than people putting cookies into the jar...........well, I think you get the picture !

 

[Dog Wonder]

Yep! Reid got "Tea-Bagged" again !

The Teabaggers can't touch Reid. Pervs that you are, you can replace Boehner with one of your own.

And still fight your battle against your own rights as Gays.

 

[delldude]

HEY SIMPLETON...ck (my) post # 1 !!!!!!!!!!!!

Dear God,.........You are the DUMBEST Southener......( And there's a SH!T Load of you there).......That GOD ever granted breath to !!!

So much for the Indian Love, eh Bear?

 

[KCFlyer]

When God said, be fruitful and multiply, I'm sure the fruitful part pertained, in some part to the head of the family being able to provide for his mutiple children !
I have no problem helping my fellow man, when he's down on his luck, but you have to wonder, why someone, making $26,000 would think they could provide for a family of 7 !
Reap what you sow, Brother !

Abortion would have been a lot cheaper. Are you saying that you'd be for abortion as a form of birth control??

As far as I know, the tax laws apply to everyone! Just because the guy making 200 grand, paid less in taxes because of living off and paying taxes on "Capital Gains" vs. living off and paying taxes on "Actual Income", does not make him Evil or not abiding by the law !

Nope...but it doesn't mean he should pay substantially less on his "investment income" than I pay on my daily grind income

You do know that's where Buffet pulled the wool over everyones eye's..............don't you !
You know the part where he said his secretary paid more in taxes than he did ?
Income Tax = More
Capital Gains Tax = Less

Don't like it, change the tax laws, I'm all for it !

http://www.fairtax.org/site/PageServer

And Buffet was calling for...an increase in capital gains tax. And people told him that it would kill investment in business...to which he replied

I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off.

 

[KCFlyer]

Why is it ok for Joe Blow, with 5 kids, to pay no income tax, but you have a problem with someone making over $200,000 , paying no income tax......................wealth-envy maybe ? Did the Evil rich dude get Joe Blows wife pregnant, 5 times ?

Maybe they were Catholic. Maybe they were marching side by side with the righties against Obamacare requiring insurance to cover contraceptives. Catholic's don't believe in contraception. Just the "Rhythm method". Even pulling out at the last minute can send a devout Catholic to hell for an eternity. Should we set limits on when couples can have sex. I know you think it's only ghetto moms with no dad around having 5 kids, but I've known quite a few Catholic families that were solidly "low end middle class" who had 5, 6 or 7 kids.

 

[delldude]

Nope...but it doesn't mean he should pay substantially less on his "investment income" than I pay on my daily grind income

But he already paid 'daily grind taxes' earning that money to reinvest.
If anyone needs to pay their 'fair share' its the middle class and not the filthy rich.
Ever see the tax burden charts?

The share of the income tax burden borne by America's wealthiest taxpayers has been growing steadily for more than two decades. Figure 4 contrasts the share of income taxes paid by the bottom 90 percent, top 10 percent, and top 1 percent of taxpayers between 1987 and 2008.
Between 1987 and 2008, the tax burden on the top 10 percent of taxpayers grew from 55.6 percent to 70 percent, while the burden on the top 1 percent grew from 24.8 percent to 38 percent. By contrast, the tax burden for the bottom 90 percent of taxpayers fell from 44.4 percent in 1987 to 30 percent in 2008.
In other words, the tax burden on the top 1 percent of taxpayers is greater than the total burden on the bottom 90 percent of taxpayers. And the tax burden on the top 10 percent is more than twice that of the bottom 90 percent combined. By any measure, this is the sign of a very progressive tax system.

http://taxfoundation...enate-committee

 

[KCFlyer]

But he already paid 'daily grind taxes' earning that money to reinvest.

He paid taxes on the money he earned to invest.

Let's say he earned a million dollars after taxes from his work. And now he puts that money into an investment, and it makes him ANOTHER million dollars. And he's riding high on the hog and he sells and takes his profit of a million dollars. Now he has TWO million dollars...how much is he being taxed on? The only way he is being "doubled taxed" is if he is taxed on $2 million. But he isn't. He is taxed on the GAIN of $1 million. Which is the money he DIDN'T have prior to the investment.

Using your definition of capital gains, he could put the money in a non interest bearing checking account, leave it there for 10 years, and when he pulls it out, get taxed on the withdrawal.

Income is income, regardless of HOW you earned it. Capital gains shouldn't be taxed at any lower rate than Income taxes.