Stimulating the rich

[Tungwagger]

I want to think that the money I pay in taxes goes to help those less fortunate in this country. But, the thought that mine is probably going into the billions that we give Russia, Israel, and all the other countries, usually creeps into my mind.

I too share your concerns....but as of yet, no-one has really defined what is considered as "less fortunate"...If we took away those who created their lives as a result of repeated bad mistakes, what would be left?

Those who are physically unable to provide for themselves..ok

Those who are mentally unable through no fault of their own..ok

The children who are in extremely disfunctional families..ok

But I'd rather the country as a whole decides who the "less fortunate" are, and not the government, they have already proven they can't get it right.

 

[Tungwagger]

I try to avoid revealing any real political leanings. Don't want to type-cast, you know.

Now, now, I've seen some of your other posts and you seem like a down to earth person to me, who has no problem espousing his political beliefs.....

 

[medjay]

Now, now, I've seen some of your other posts and you seem like a down to earth person to me, who has no problem espousing his political beliefs.....

I'm trying to tone it down. If you don't know, I had the Lit thought police sent after me this weekend!

 

[Im_your_Huckleberry]

Wake Up Johnny

"What bothers me most is that this is painted as some sort of conflict between the poor and middle classes...which is just what the ultra-rich want you to think."

"Rich people got rich mostly on the backs of the poor, so maybe they should pay some taxes, don't you think?"

"How could I think of denying someone their own island so that someone else could maybe get a decent education, or maybe a kid could get free medical care?"



Sounds like you have been formulating positions on economic theory and class conflict at the Mayberry Barbershop with Floyd, Barney, and Otto.

 

[Tungwagger]

I'm trying to tone it down. If you don't know, I had the Lit thought police sent after me this weekend!

Thought police? Where? How come I've never been contacted??

 

[Tungwagger]

Re: Wake Up Johnny

"What bothers me most is that this is painted as some sort of conflict between the poor and middle classes...which is just what the ultra-rich want you to think."

"Rich people got rich mostly on the backs of the poor, so maybe they should pay some taxes, don't you think?"

"How could I think of denying someone their own island so that someone else could maybe get a decent education, or maybe a kid could get free medical care?"



Sounds like you have been formulating positions on economic theory and class conflict at the Mayberry Barbershop with Floyd, Barney, and Otto.

Try hitting the "quote" button at the bottom of that person's post.....just a thought

 

[LovetoGiveRoses]

Talk to Unclebill... he says companies don't pay taxes and he has a very valid argument for that too. I am not articulate enough to explain it.

It's because they incorporate the cost of taxes into their products. What happens is that the consumers pay for the taxes (you and me)....in essence, the company is acting as a tax collector for the government...they just "hide" the taxes in the costs of the goods and services that you buy.....the sales tax is completely different tax that's added on top again (goes to the local government).

 

[medjay]

Thought police? Where? How come I've never been contacted??

That whole Multi-culturalism thread. I was branded a "dangerous thinker" by Unclebill and the next thing I knew goons were crashing through my windows like Tom Cruise and his crew from Minority Report!

Luckily, I escaped unharmed.


http://www.literotica.com/forum/showthread.php?s=&threadid=140118

 

[Im_your_Huckleberry]

--------------------------------------------------------------------------------
Originally posted by weed

Taxes are a way wealth is redistributed for the good of the ecoomy and the nation.


--------------------------------------------------------------------------------


Redistribution of wealth in society has always been the backbone of Marxism/Socialism/Communism epitomized by, "From each according to his ability, to each according to his needs."

Sounds so idyllic, except is doesn't work, nowhere, at no time. Should we have a "National Standard Income?" Confiscate any earnings or wealth over a certain amount (say $50,000 per family tops) and give it all back to those poor slobs who have been so cheated by the "rich". Because there must be some nefarious reason they can't make over $26,000 a year (probably cooked up by Republicans) - how laughable.

Redistribution has never been the purpose of taxes in this country unless you consider the proposals of the Democratic Party and their reliance on class envy for political support since the 60's.

I don't consider myself "rich" but I want to be. I own a modest amount of stocks individually and in retirement plans. Don't tax me twice when I invest after-tax income. I don't mind paying my share of taxes to pay for common items a State or National Government has to, but don't make me pay a higher share of my income so someone else gets off free.

Don't penalize me because I worked my way through college, or have skills that you don't, or can build a better mousetrap (or had parents that did) - we may be created equal under the law but certainly not with equal talents.

 

[LovetoGiveRoses]

MACRO....ECONOMICS

The bottom line here is that a tax reduction will make it so that the government takes less % of the total "effort" ("Effort" being the revenue generated by lots of people working). Less drag (tax) on productive "effort" should result in more productive effort. More productive effort means more jobs and presumably, more need for managerial and other support (more promotions), etc.

When more jobs are created...more people are contributing (more goods and services produced) and more people are earning income and instead of taking money, they're making money and paying taxes (that's how tax revenue goes up). When people are earning money, they become consumers...feeding the demand/supply curve and pushing it upwards.

Most of the money paid in dividends goes into retirement funds. Reducing those taxes. Reducing those taxes will indeed spur further investment, enabling further job creation and spuring GDP.

Who should get the tax break? Probably the people that pay the taxes. Talk of rich/poor aside, the "middle class" still pays most of the taxes. There are very few "super rich"...aka Bill Gates..but lots and lots of people who have a combined family income of $100,000. Just give it to everyone who pays taxes...take it out of the hands of the Government (JFK's tax reduction plan was a good one).

You want to keep the super rich around. First, they do create jobs. How many jobs has Bill Gates created? If we decide to tax Bill Gates by another $1B a year (a drop in the hat in our $1.5 Trillion tax collections), then he might just decide to take his $60B, energy, creativity and ingenuity out of the country to the detriment of all of us.

 

[LovetoGiveRoses]

Inheretance taxes are fairly high. I think they're at 60% now for assets over $625K. That sounds like a lot, but most often, these "assets" are in the form of a family owned small business like a farm and when old Dad dies, the farm has to be sold off to pay the taxes. That's not right either.

 

[LovetoGiveRoses]

That whole Multi-culturalism thread. I was branded a "dangerous thinker" by Unclebill and the next thing I knew goons were crashing through my windows like Tom Cruise and his crew from Minority Report!

Luckily, I escaped unharmed.


http://www.literotica.com/forum/showthread.php?s=&threadid=140118

LOL. Sounds like you got some good tax advice up there.

 

[LovetoGiveRoses]

Everyone left. I took a shower today! I promise!

 

[Im_your_Huckleberry]

Re: Re: Wake Up Johnny

Try hitting the "quote" button at the bottom of that person's post.....just a thought

I do know how it works, thanks

 

[RosevilleCAguy]

CNN last night had a statistic about taxes.

28% of the taxes paid by americans comes from the top 1.5 % of the population.



Yeah, the poor are really getting screwed.

Hmmm. How much wealth do they actually control though. If its 50% of the wealth and they pay 28% of the taxes, then the poor ARE getting screwed.

I suspect that the actual wealth controlled by the top 1.5% of the population to be considerabley higher than 50% though.

 

[RosevilleCAguy]

Inheretance taxes are fairly high. I think they're at 60% now for assets over $625K. That sounds like a lot, but most often, these "assets" are in the form of a family owned small business like a farm and when old Dad dies, the farm has to be sold off to pay the taxes. That's not right either.

Uh, its more like 1.2 mil before they kick in.

And that is why you buy life insurance. To pay off the taxes on large ticket items. Betcha they never heard of estate planning.

 

[A Desert Rose]

Inheretance taxes are fairly high. I think they're at 60% now for assets over $625K. That sounds like a lot, but most often, these "assets" are in the form of a family owned small business like a farm and when old Dad dies, the farm has to be sold off to pay the taxes. That's not right either.

Yes and this money is taxed and taxed and taxed again once I am in the grave. Everything I worked for and what I have left my kids will be once again taxed on them.

It's bullshit!

 

[REDWAVE]

OK, Miss Triple Fuckholiness!

That's right, and now I've got another tax for you. Time to pay your spanking tax!

 

[Cuckolded_BlK_Male]

It's really funny how some of you absolutely wet your pants about how much taxes the rich and poor allegedly pay without ever lifting a finger to do a little fact finding.

Incidentally, facts are not what you hear on TV.

What's really funny is how you could be so utterly stupid as to believe that everyone doesn't know that lower income Americans have a much higher proportionate tax burden, because every cent of their income is spent on taxable items and they don't generally have the ability to weasel out of their taxes. Lower Income earners, for instance, do not benefit from itemized deductions for charitable donations and work, interest on debt, medical expenses, et. al Nor will they benefit from a repeal of the dividends tax.

 

[Aquila]

The top 1% SHOULD pay more than ten times what the bottom 50% pays, because the top 1% MAKES more than ten times what the bottom 50% makes.

Hey, Al is married that means he gets more nookie than me. I should be able to fuck his wife because its not fair he gets more ass than I do.

 

[Tungwagger]

Hey, Al is married that means he gets more nookie than me. I should be able to fuck his wife because its not fair he gets more ass than I do.

Perfect analogy!!! Absofuckinglutely perfect!!

Just like oral sex wasn't sex.....but they all got pissed off when I suggested their wives gimme some head!!!

 

[miles]

What's really funny is how you could be so utterly stupid as to believe that everyone doesn't know that lower income Americans have a much higher proportionate tax burden, because every cent of their income is spent on taxable items and they don't generally have the ability to weasel out of their taxes. Lower Income earners, for instance, do not benefit from itemized deductions for charitable donations and work, interest on debt, medical expenses, et. al Nor will they benefit from a repeal of the dividends tax.

ROFLMAO!!

You don't do much in the information department, do you? First, you don't know the definition of the word bigot.

Cocksucker, every time you open your mouth you prove how really ignorant you are.

Here is your homework assignment: Go to the Internet, you know, the thing you're on now, find a search engine like Google - thats spelled G-O-O-G-L-E, and do a search called "Earned Income Tax Credit." Then come back here and tell me how the EITC works. We'll see who is utterly stupid, dickcheese.

You won't do it, because it will prove once again you don't know what the hell you're talking about.

Go back to The Playground, Cha-Cha.

 

[Tungwagger]

What's really funny is how you could be so utterly stupid as to believe that everyone doesn't know that lower income Americans have a much higher proportionate tax burden, because every cent of their income is spent on taxable items and they don't generally have the ability to weasel out of their taxes. Lower Income earners, for instance, do not benefit from itemized deductions for charitable donations and work, interest on debt, medical expenses, et. al Nor will they benefit from a repeal of the dividends tax.

So, if the lower incomes had the ability to weasel out of taxes, they would?


HMMMMMM....interesting, and I thought only the rich were the greedy motherfuckers!!!

And because they don't own stock, how does the repeal of the dividends tax hurt them?

If they have 4 children they are trying to feed, they will recieve $2000 additional in a tax reduction, not a reduction of taxable income...

The poor will also have acces to $3000 for vocational training to make more money so they too can bitch about the high rate of taxation and whine about some rich guy not having to pay tax twice on his dividends....

But I suspect all the other little facts of G.W.'s tax proposals don't fit your arguments.....

 

[Tungwagger]

If they have 4 children they are trying to feed, they will recieve $2000 additional in a tax reduction, not a reduction of taxable income...

In most cases for the working poor, they will recieve more money from the tax payers of this country than they will have paid in....but we can't let the rich keep more of their money?

 

[Tungwagger]

Wow, I just hit 800 posts on that last one.....

only about 10000 more, and maybe I too can be part of the "in" crowd.......Ohhhhhhh Boooooyyyyy!!!!


Let's see, at this pace... (carry the two, seventy five, seventy six) I should hit my target in about 13 years!!! WooooHooooo!!!