1% class logic

[royflagg00]

2 million income
taxes owed=500,000

oh noes, I only have an income of 1,500,000. SO UNFAIR!

[scrace]

Making 2 million is not the 1%....

[Chaan]

[darkninja67]

I bet they would want to know where that half million goes to though, I know I would.

[gotspeed22]

that is perfectly logical.

fail op

negged

[TheBlackNight]

Be govenment.
Outlaw stealing.
Be government
Steals your money

[xmikeman]

Making 2 million is not the 1%....

notsureifsrs?

[royflagg00]

I bet they would want to know where that half million goes to though, I know I would.

fair enough, but then complain about government waste, not the idea of progressive income tax.

[Nestle]

Making 2 million is not the 1%....

LOL
Actually....That's way more than what you're supposed to make to be in the 1%....Waaayyy more..

[ISUbrah]

flat tax/thread

[Gayford]

oh you made 50,000
the government will keep 12500

You still made 37,500

u mad brah?

[SlavicGod]

Why should any one person pay more than any other person when they both receive the same services in return?

[scrace]

LOL
Actually....That's way more than what you're supposed to make to be in the 1%....Waaayyy more..

Being in the 1% means more than how much you make. You need to look at HOW the money was made...thats what matters, the amount doesn't. It's a mind set.

[zack065]

busting ass to get to where i am, making $388k+, government takes 35% of my money
busting ass to get to where i am, making $70k, government takes only 15% of my money

we're all busting ass, the wealthier just don't want to have $100k taken out of their savings when they could be able to put kids through college because they know their kids will get 0% financial aid from said government that robs them

sauce:http://www.forbes.com/sites/moneybui...irs-tax-rates/

[Centrelinkbrah]

Be govenment.
Outlaw stealing.
Be government
Steals your money

So,

Taxation which provides essential services to the people and necessary to run the nation in a manner which helps it run efficiently, peacefully and effectively is now stealing? You Ron Paul fanatics are delusional; this is not 1800 century America.

[darkninja67]

fair enough, but then complain about government waste, not the idea of progressive income tax.

I do complain. BRB using State Troopers for traffic/construction details here in MA, getting paid well over $67 an hour. Yeah good usage of public funds.

[Gayford]

So,

Taxation which provides essential services to the people and necessary to run the nation in a manner which helps it run efficiently, peacefully and effectively is now stealing? You Ron Paul fanatics are delusional; this is not 1800 century America.

nothing wrong with paying tax but to see everyone try to avoid their fair share is sad. Everyone should pay their fair share. If you want the top 1% to pay 50% then so should the other 99%. Oh course it is easier to get elected if you appeal to the 99%.

[Twist3dJok3r]

Be govenment.
Outlaw stealing.
Be government
Steals your money

age: 18

and that's what you believe.

[xmikeman]

oh you made 50,000
the government will keep 12500

You still made 37,500

u mad brah?

the point he's trying to make is that you can live extremely comfortably on an income of $1.5M while the same can not be said for an income of $37.5K. in fact $37k is pretty ****ty in a big city and definitely doesn't afford a comfortable standard of living.

[Ronnie87]

Why should any one person pay more than any other person when they both receive the same services in return?

So society can function

[MiiO]

Taxes are stupid why we pay our money

no pay no government. Print more money!

[oe7Leo]

BRB make $20mil, pay 14.1% tax
BRB make $50K, pay 26% tax
BRB i see no problem with this

BRB elect me president

[cannadian]

2 million income
taxes owed=500,000

oh noes, I only have an income of 1,500,000. SO UNFAIR!

It's not about what's fair or unfair, it's about what's good for the economy.

In a globalized economy high tax rates push capital outside the country with said tax rates.

And for the record - to be in the top 1% you only have to make about 250k per year. Most people who many that much still live the same lives you and I live. You think after the government takes half their money they can afford private jets and mansions and crap? No, they live exactly the same, just drive a better car and live in a bigger house.

[BetaRay]

Progressive income tax is unfair ... let me reward you with your accomplishments by taking more of your money. How is that positive reinforcement for anyone?

[Dave P]

Its not fair that only .0001% of the population gets to play in the NFL.


I demand that I be allowed to play on Sundays.

[Serekk]

The point is many people worked hard and come from poor backgrounds, if you worked your ass off and became a millionare then you can speak not now when ur some tramp that all he does with his life is bitches about the rich and does nothing to become one, stop being so pathetic.

[SlavicGod]

So society can function

So essentially the wealthy are getting robbed. They provide the most and get the least. Yet there's always talk about "fair". Well let's face it, there's no fairness in any tax system other than a flat amount.

[BetaRay]

BRB make $20mil, pay 14.1% tax
BRB make $50K, pay 26% tax
BRB i see no problem with this

BRB elect me president

That 14.1% is based on investment income not earned income. It was already taxed, how are you going to spur saving and investment if you don't dangle a carrot in front of the donkey, that is why the rate is lower.

[Gayford]

the point he's trying to make is that you can live extremely comfortably on an income of $1.5M while the same can not be said for an income of $37.5K. in fact $37k is pretty ****ty in a big city and definitely doesn't afford a comfortable standard of living.

My point is we do not need the government to cap our income. Everyone should pay the same percent plain and simple. No loop holes no BS same rate across the board.

I'm sure that guy that made 2mil writing a check for 500k is just as pissed as the guy making 50k writing the check for 12.5k.

[cannadian]

BRB make $20mil, pay 14.1% tax
BRB make $50K, pay 26% tax
BRB i see no problem with this

BRB elect me president

1. 14% of 20 mill is a hell of a lot more than 26% of 50k
2. Romney gave away like 16% in charity, so that's pretty much like a self-tax
3. Romney earns his money from capital gains and dividends - meaning he actually pays closer to 50%, not 14%, it's just that you don't understand investing so you don't get it.

When you're a shareholder of a corporation you're entitled to your share of the corporate profits. Since corporations pay about 35% of their earnings in taxes, this is money that BELONGS to you, if it was not paid out in tax it would either be distributed to you via dividends, or the share value would increase proportionally, so as a shareholder you're paying a 35% tax rate on the income your company earns, and then when that company decides to distribute some of the AFTER-TAX income to you as a shareholder, the government wants ANOTHER 15-20% (but this is YOUR money that was ALREADY taxed at 35%).

So you're paying far more than 15%, it just looks bad because the government doesn't tell you the total tax associated with the dividends and capital gains.