Real GDP for '11? 1.7%!

[Broncojohnny]

How come your logic only goes up the ladder instead of both ways? Why not make everyone pay 30% that would be the true definition of "fair"

Because he and his kind aren't interested in being fair, they are interested in crying about rich people. The tax argument is just a way to go about it.

[aggie97]

Rush said yesterday that according to the IRS that there were only 8270 people in the US last year that made more than $10M. Their combined income was something like 240 Billion. Let's assume for a moment that they are smart and pay somewhere between the 15% capital gains tax...and the 30% rate for the wealthy. How about 23% overall?

So... .23 x $240B is how much. so $55.2B in tax revenue. That pays the bills for the gubment for 11 days using the $5B/day I heard somewhere. What about the other 355 days this year....it's a leap year!

That is what they paid. Increasing what they pay by even 10% only pays for one more day.

Second story was about Buffet's secretary getting all the press where she claims she pays 35% federal tax. She only makes $60,000/yr according to the story and if she's paying that much in federal taxes, she is fucking stupid. Her overall rate including state income tax should be about 23 to 25% depending on her deductions. She has two homes and works for Warren Buffet...she should be a hell of a lot smarter about money right?!

The money to pay for all this shit has GOT to come from the $1M and below households. More payers will generate more revenue...but fuck more taxes.

16.2 Trillion debt divided by 330 million people...not just tax payers is $49,090 per man, woman and child. That's just the debt!!!!!! what is the total bill?! Now use the numbers above that 48% don't pay a dime....that's $94,405 per tax payer per year just to cover the debt.

Granted this all doesn't take into account Corporate taxes or estate taxes or tarriffs....but how does this continue....at all?????? it can't.

So nothing either party can do can save this mess unless we cut spending or get rid of all the entitlements. We might just have to cull the population by about 80 million. Too many fucking mouths to feed.


edit: looked at the $5B a day number again and it's probably closer to $15B or more per day. Maybe it's just $5B in interest....? also got stuck on the word deficit instead of debt...my bad.

[Avery'sDad]

How come your logic only goes up the ladder instead of both ways? Why not make everyone pay 30% that would be the true definition of "fair"

Oh I see, your argument makes perfect sense. You pay 30% in tax, they have to pay it as well. Then the poor people at the bottom don't pay shit. Sounds logical and fair to me.

If it is ok for the people at the bottom to pay nothing then why wouldn't it be ok for the people at the top to pay something different as well? Explain that. Let me guess...just "because". You have no logical retort for that beyond the word "because".

Your cartoon makes total sense to someone who knows nothing about stock ownership. It denies the fact that being a shareholder makes you the owner of that tiny part of the company and the money from dividends is ALREADY YOURS.

You assumed I thought that. Tax them as well.
Just don't use them to justify the lower percentage rate.
2 wrongs don't make a right.

lol at averysdud tag.

[Broncojohnny]

You assumed I thought that. Tax them as well.
Just don't use them to justify the lower percentage rate.
2 wrongs don't make a right.

lol at averysdud tag.

I'm all for taxing everyone the same. The Dems will never do it though. Isn't that your party, the Dems? Maybe you need to talk to them?

I still have a problem with taxing money from dividends, its horseshit and that is why, even in this country, it has not been taxed in the past. The income tax was put into law in 1913 and dividends weren't even taxed until the 1950s except for a period of time in the late 1930s when everyone hated rich people and blamed them for every piss ant problem that came along. Sound familiar?

[Vertnut]

Romney's effective tax rate is really a lot higher. He's already paid the maximum tax rate on the original income, for goodness sakes! He's paying 15% on money he's already gotten taxed on! Guess what? If he chose to sit on his assets and make nothing, uncle Barry makes nothing.

[SMEGMA STENCH]

What does the fact that 48% don't pay, have to do with millionares not paying their fare share?

Everything. You speak of "fairness", yet you dare ask this question? The sheer stupidity of your ilk makes me wonder how you're still alive. How is it that you haven't just walked out in front of a bus? I mean it wouldn't be fair if you got run over...

If you think those 48% got it so good then do the same thing and get back to me on that.

Here's what you don't understand. It doesn't matter how good they have it. WHOA!! Mind blowing stuff, huh? That's not how this works!! It never has, and was never meant to!! Get it through your thick skull!!

Also how is it wanting to punish someone by wanting a fair system? And you can't throw in the 35% corporate tax and add them to come up with 44% nonsense. Those are 2 separate issues. It is not a double tax.

Again with the fairness. Life's not fair, first off. Learn to accept that simple fact and you'll be a lot better off. Secondly its perfectly fair. If those po foke decide they've had enough, at any point in time they are free to return to school and actually make something out of themselves. Who is stopping them? In fact, you should be happy because your precious government has already subsidized student loans so they CAN"T be turned down. I just don't get how you can continue with this. Unless you have some sort of pathetic emotion going on, likely jealousy. Which of course has no place in such matters. I just can't find words to express my disgust.

[majorownage]

And who is the only REAL candidate with budget cuts?

Ron Paul

Dipshits.

[Broncojohnny]

And who is the only unelectable candidate?

Ron Paul

Fixed that for you.

Dipshit

[DON SVO]

Fixed that for you.

Dipshit

Reply to my facebook message!

[cyclonescott]

The other side of the argument that people fail to mention is how is taking money from the rich in the form of higher taxes going to benefit the poor? It’s not going to make someone who is poor rich. All it will do is go to some government agency that will either higher another worker or piss the money away on some new building project that isn’t needed. There isn’t a revenue problem, it is a spending problem. I have worked for a city government before and the amount of wasteful spending is awful. Governments problem is they think the answer is that they always need more of someone else money but almost every time they raise taxes tax revenue goes down not up.

[Broncojohnny]

You assumed I thought that. Tax them as well.
Just don't use them to justify the lower percentage rate.
2 wrongs don't make a right.

lol at averysdud tag.

I got to thinking about this and technically they are taxed the same right now. Any person, rich or poor, who buys stock and gets paid via dividends will be taxed at 15% as long as they hold the shares for over a year. Wealthy people who work are taxed at rates for their wages just like anyone else who may work. The entire is issue is created by the fact that neither Romney nor Buffett have a significant amount of wages, the majority of their income is from dividends.

[GhostTX]

[Forever_frost]

What does the fact that 48% don't pay have to do with millionares not paying their fare share? If you think those 48% got it so good then do the same thing and get back to me on that. Also how is it wanting to punish someone by wanting a fair system? And you can't throw in the 35% corporate tax and add them to come up with 44% nonsense. Those are 2 separate issues. It is not a double tax.

This whole post drives me crazy. If 48% aren't paying that means those that ARE paying are paying MORE than their fair share. They're having to pick up the slack for the 48 who aren't putting a dime in. Then you have those who put nothing in but get money back. Last I heard that was about 25% of the population.

So then you have the top 5% paying 70% of the total taxes coming in. Numbers say that they're paying FAR more than their 'fair share.' Care to try again? You want a fair system? Consumption tax. Everyone pays 10% tax on things they buy. EVERYONE. No deductions, no rebates, no refunds, no IRS.

[majorownage]

Isn't this the government ya'll folk want?

We get big military, and big business! Yippee! And your asses get to pay for both! LOL

[Captain Crawfish]

This party is just about over. Cash is KING!!!