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

[delldude]

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.

Regardless, the money the US Treasury takes in from him and his 1% exceeds what any other group pays.
You can't handle that?

 

[Kev3188]

Please see above ! Happy now?

Not really.

If you were truly only referring to federal taxes, then we could discuss it. Instead (as usual) you were all too quick to jump on a conservative talking point- and an inaccurate one at that.

 

[KCFlyer]

Regardless, the money the US Treasury takes in from him and his 1% exceeds what any other group pays.
You can't handle that?

He is earning money and is paying considerably less that the average working stiff. It is income and should be taxed as such, yet the POG (party of Grover) think that he shouldn't be taxed a nickle on capital GAINS. And again, he is only taxed on the GAIN

 

[delldude]

He is earning money and is paying considerably less that the average working stiff. It is income and should be taxed as such, yet the POG (party of Grover) think that he shouldn't be taxed a nickle on capital GAINS. And again, he is only taxed on the GAIN

However, the graph indicates you and I pay less than our fair share....how does one cope with that inequality?

 

[KCFlyer]

However, the graph indicates you and I pay less than our fair share....how does one cope with that inequality?

Tell you what dell...you find me someone who is paying that much more in taxes and offer to have the trade places with me so that they can reap all the rewards of my "unequal" tax rate, and I doubt very seriously you will find many takers. It's one thing to see it on a graph..it's another thing to live it every day. I take it from your defense of this that you are one paying more than his fair share. Wanna trade?

If we raised the highest tax bracket to 55%, then I'd LOVE to be a part of that group? Would you?

 

[delldude]

Tell you what dell...you find me someone who is paying that much more in taxes and offer to have the trade places with me so that they can reap all the rewards of my "unequal" tax rate, and I doubt very seriously you will find many takers. It's one thing to see it on a graph..it's another thing to live it every day. I take it from your defense of this that you are one paying more than his fair share. Wanna trade?

If we raised the highest tax bracket to 55%, then I'd LOVE to be a part of that group? Would you?

No I'm not in those brackets.
I just get tired of the class envy wonks foaming at the mouth all of the time who have no clue how much is paid into the US Treasury by different income groups.
This is disproportionately exploited by the left continuously taking advantage of the, how does Rush put it, low information voter....

 

[KCFlyer]

No I'm not in those brackets.
I just get tired of the class envy wonks foaming at the mouth all of the time who have no clue how much is paid into the US Treasury by different income groups.
This is disproportionately exploited by the left continuously taking advantage of the, how does Rush put it, low information voter....

Do I envy them? YOU BET. I envy them so much that if I were in their place I would gladly pay DOUBLE what they pay as a way of saying THANK YOU LORD!!!!

What's funny as hell is that Rush is among those top and he's got YOU fighting to lower HIS taxes. Talk about "low information".

 

[delldude]

Do I envy them? YOU BET. I envy them so much that if I were in their place I would gladly pay DOUBLE what they pay as a way of saying THANK YOU LORD!!!!

What's funny as hell is that Rush is among those top and he's got YOU fighting to lower HIS taxes. Talk about "low information".

LOL.........lower his taxes......I see you took the class envy bait along, long time ago.

I thought it was about paying our 'fair share'....looks like the Tax Foundation blew who's paying their fair share right out the water.

You're wrapped up in the fact they make more than you ever will and you wish you could but you lay back and enjoy your miniscule tax contribution while castigating those who are proven already to pick up more than their share of the US Tax tab.

Of course they can 'afford' to pay more because they 'make' more.........not the fact that they 'pay' more already because 'they' are taxed more progressively than you and I.
Your lefty party class envy has clouded your reasoning to the reality of the situation.

 

[KCFlyer]

LOL.........lower his taxes......I see you took the class envy bait along, long time ago.

I thought it was about paying our 'fair share'....looks like the Tax Foundation blew who's paying their fair share right out the water.

You're wrapped up in the fact they make more than you ever will and you wish you could but you lay back and enjoy your miniscule tax contribution while castigating those who are proven already to pick up more than their share of the US Tax tab.

Of course they can 'afford' to pay more because they 'make' more.........not the fact that they 'pay' more already because 'they' are taxed more progressively than you and I.
Your lefty party class envy has clouded your reasoning to the reality of the situation.

Dell..I don't envy them..I think guys like Rush are rather thankless bastards. Imagine, a college dropout earning MILLIONS on his voice alone. Isn't this a GREAT country? AS I said, I'd gladly pay TWICE what Rush pays if I was fortunate enough to make that much to spout my opinion on the radio.

Tell me...though...the REAL issue isn't what they pay in income taxes...it's not all that much more than you or I...it's what they make on capital gains. Tell me....if you were lucky enough to be like Rush and have a million to invest, would you #### if you DOUBLED that money because your bet paid off? Do you oppose taxing lottery winners? They "invested" a couple of bucks and those paid off. What about the guy who rakes it in at the blackjack table in Vegas.....he "risked" his "hard earned money" and it paid off big time. Capital gains are INCOME, pure and simple. And Rush has brainwashed guys like you into thinking that they are somehow different from any other sort of income.

Buffet had it right - he's never met anyone who wasn't willing to make a million because taxes were "too high". But...Rush and the right have YOU convinced that somehow "investors" shouldn't pay a dime on capital gains because their investments are the fuel to the engine of our economy. And supposedly these "high" capital gains taxes will keep them from investing. Bullshit. If they can walk away from a transaction (after taxes) with a hefty profit, they WILL make that investment. Rush has convinced you that they won't.

 

[delldude]

Dell..I don't envy them..I think guys like Rush are rather thankless bastards. Imagine, a college dropout earning MILLIONS on his voice alone. Isn't this a GREAT country? AS I said, I'd gladly pay TWICE what Rush pays if I was fortunate enough to make that much to spout my opinion on the radio.

Tell me...though...the REAL issue isn't what they pay in income taxes...it's not all that much more than you or I...it's what they make on capital gains. Tell me....if you were lucky enough to be like Rush and have a million to invest, would you #### if you DOUBLED that money because your bet paid off? Do you oppose taxing lottery winners? They "invested" a couple of bucks and those paid off. What about the guy who rakes it in at the blackjack table in Vegas.....he "risked" his "hard earned money" and it paid off big time. Capital gains are INCOME, pure and simple. And Rush has brainwashed guys like you into thinking that they are somehow different from any other sort of income.

Buffet had it right - he's never met anyone who wasn't willing to make a million because taxes were "too high". But...Rush and the right have YOU convinced that somehow "investors" shouldn't pay a dime on capital gains because their investments are the fuel to the engine of our economy. And supposedly these "high" capital gains taxes will keep them from investing. Bullshit. If they can walk away from a transaction (after taxes) with a hefty profit, they WILL make that investment. Rush has convinced you that they won't.

Your boy Rush doesn't convince me of anything. He has his opinions much like you.
I can tell you your opinion of Limbaugh as a thankless bastard might surprise you of what he actually does with his money.

This issue, if you didn't notice, isn't about Limbaugh.....its about what you perceive as a 'fair share' tax liability. If his 1% are paying some 50-60% of the total revenue income of the USA.....how can you even try and justify your paltry disproportionate contribution in relation to his percentage of population and your 'class'?
Contribution by what is called the 'middle class' doesn't even compare to the filthy rich.
I suggest you and yours get over this penis envy fostered by your party of the left.

 

[KCFlyer]

Your boy Rush doesn't convince me of anything. He has his opinions much like you.
I can tell you your opinion of Limbaugh as a thankless bastard might surprise you of what he actually does with his money.

This issue, if you didn't notice, isn't about Limbaugh.....its about what you perceive as a 'fair share' tax liability. If his 1% are paying some 50-60% of the total revenue income of the USA.....how can you even try and justify your paltry disproportionate contribution in relation to his percentage of population and your 'class'?
Contribution by what is called the 'middle class' doesn't even compare to the filthy rich.
I suggest you and yours get over this penis envy fostered by your party of the left.

The more I make, the more thankful I am. If that means that as a "patriotic duty" I pay more, then I will. I never called anybody the "filthy rich"...your right wing rags might want to make you believe I did, but all I said was that if I were in their shoes I would GLADLY pay what they do....and MORE. As hard as it might seem for you to believe, it's a goal of mine to GET into the highest tax bracket. You want to know why? Because even paying those onerous rates, my life would be far and away BETTER than it is today.

 

[delldude]

The more I make, the more thankful I am. If that means that as a "patriotic duty" I pay more, then I will. I never called anybody the "filthy rich"...your right wing rags might want to make you believe I did, but all I said was that if I were in their shoes I would GLADLY pay what they do....and MORE. As hard as it might seem for you to believe, it's a goal of mine to GET into the highest tax bracket. You want to know why? Because even paying those onerous rates, my life would be far and away BETTER than it is today.

With that said, how can you or anyone else argue that the rich don't pay their fair share?

Show me within that graph how they aren't.

 

[KCFlyer]

With that said, how can you or anyone else argue that the rich don't pay their fair share?

Show me within that graph how they aren't.

Guess you'd have to define "fair share". I mean, to be blessed enough to be in the highest tax bracket in the greatest country in th world ought to be worth something. If they are going to be pissed off at how much they pay, perhaps they could move somewhere there there aren't any taxes. Somalia comes to mind....and from what I read, a buck goes a LONG way there.

 

[delldude]

Guess you'd have to define "fair share". I mean, to be blessed enough to be in the highest tax bracket in the greatest country in th world ought to be worth something. If they are going to be pissed off at how much they pay, perhaps they could move somewhere there there aren't any taxes. Somalia comes to mind....and from what I read, a buck goes a LONG way there.

Just can't get over that Barack Obama pseudo class envy can you?

That's the problem in this country, the average Joe isn't anywhere informed on voting issues or monetary concerns that effect them.
You and I debate and research the issues that many others should have in the first place....but hey, WTF.......the prez is a cool dude.
You still can't come to grips with the fact that some 3.15 million cover your contribution tenfold while you chooch out on your fair share and chastise them....LOL

 

[KCFlyer]

Just can't get over that Barack Obama pseudo class envy can you?

That's the problem in this country, the average Joe isn't anywhere informed on voting issues or monetary concerns that effect them.
You and I debate and research the issues that many others should have in the first place....but hey, WTF.......the prez is a cool dude.
You still can't come to grips with the fact that some 3.15 million cover your contribution tenfold while you chooch out on your fair share and chastise them....LOL

I don't "envy" them by wanting to PUNISH them...I envy them because I want to be ONE OF THEM. I most likely wouldn't be invited to many cocktail parties because I'd be GLAD to pay that much in taxes....to pay less would mean I wasn't as successful.