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1% needs to start paying their fair share of taxes >:

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Matt1970 said:
That just shows you how opressive the tax system has been up till 30 years ago. You don't think it's strange that an across the board tax cut never really reduced revenue below inflation?
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Mumbling catch phrases, or what?

Oppressive tax system or the greatest period of shared prosperity in the history of this nation, the creation of the broad middle class in the post WW2 period?

Across the board tax cut? WTF does that actually mean, anyway?

What it means is this-

http://www.washingtonpost.com/wp-dyn/content/graphic/2010/08/11/GR2010081106717.html
 
Matt1970 said:
No, all tax bracket rates were cut.
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So what? I never said they weren't. They were regressive, with highest earners receiving the biggest cuts both in terms of % & dollars-

3-11-08tax-f1.jpg


http://www.perrspectives.com/blog/archives/001955.htm
 
Doc Savage Fan said:
If large corporations are taking advantage of our current tax laws unfairly, Congress or the IRS should address these issues at once. The problem isn't the Corporations, it's our tax code which is mucked up by decades of "best intentions" by our Legislative representatives. Blame them if you want to put blame where blame is due. Bottom line, our tax code is incredibly complex and needs to be simplified.
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Whilst the government is to blame for the tax code itself, to say that the problem isn't the corporations is incredibly naive. Just who do you think it is that campaigned for much of this complexity in the first place?

I'm sorry, but a company doesn't get to dodge tax, and then not take any of the blame. If they are willing to take the profits for their, then they can take the blame as well.


Doc Savage Fan said:
Ah...so you want to spend all the extra money you get from the "rich folks" on the "poor folks" which will further exasperate the government dependency problem. Thanks...but no thanks. In my opinion, your idea of utopia is actually a slippery slope to hell.
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Wait, what? Improving things makes things worse?

How on earth does that work?
 
Lithium381 said:
Don't blame the rich and don't blame the corporations. Blame congress. They set the tax laws, the IRS simply collects and enforces them. the IRS doesn't make tax laws. Congress does.

They are simply doing what's best for them, not what's best for the country as a whole, and you guys are pissed about it. Ask the poor people to do the same thing. make sacrafices. Have 3 kids instead of 4. Go read a book at the library and educate yourself and not watch TV all day. . . .

blame congress. they need to fix this but they won't because they're bought off and don't want to cause waves, especially those who signed "the pledge" with grover.
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So when rich people do something, they aren't to blame for it?

The logic here seems to be:

- If you dodge taxes, you aren't to blame, the state is.

- If you earn a lot of money, it's all down to your hard work, the state did nothing.


Of course, when you mention that Congress is bought off, you blame Congress 100% for it. Why is there no blame attached to the people doing the buying...?
 
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Veliko said:
So when rich people do something, they aren't to blame for it?

The logic here seems to be:

- If you dodge taxes, you aren't to blame, the state is.

- If you earn a lot of money, it's all down to your hard work, the state did nothing.


Of course, when you mention that Congress is bought off, you blame Congress 100% for it. Why is there no blame attached to the people doing the buying...?
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WHo's dodging taxes? They're taking advantage of every opportunity to keep their money. If you've studied economics you'll know about the concept of "rational thinkers". If those mechanisms weren't there to use to avoid paying more taxes, then they couldn't use them could they?

If you earn money a lot of it comes down to hard work and being at the right place at the right time. I won't argue that the society as a whole and the infrastructure we've built overtime didn't contribute a great deal to the success because that's not the case. Don't bring up points that I'm not arguing against please.

If someone comes to you and offers you to do a line of coke off of a hookers snatch are you free to say no? It can't hurt to ask your congressman to do something for you they simply have to have the honesy and fortitude to stand up for what's in the best interest of their constituents.
 
nobodyknows said:
You can't get blood from a rock. By the time the average wage earner pays for all his basic living expenses, his state and local taxes, he can't afford to do much. Now compare that to the peo-ple with 5 houses, 10 cars, a yacht and a private plane. Who's not paying there fair share??
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+2
 
Lithium381 said:
WHo's dodging taxes? They're taking advantage of every opportunity to keep their money. If you've studied economics you'll know about the concept of "rational thinkers". If those mechanisms weren't there to use to avoid paying more taxes, then they couldn't use them could they?
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The tax dodgers are dodging taxes.

You appear to be going down the "it's legal, so it's ok" road with this.

Lithium381 said:
If you earn money a lot of it comes down to hard work and being at the right place at the right time. I won't argue that the society as a whole and the infrastructure we've built overtime didn't contribute a great deal to the success because that's not the case. Don't bring up points that I'm not arguing against please.

If someone comes to you and offers you to do a line of coke off of a hookers snatch are you free to say no? It can't hurt to ask your congressman to do something for you they simply have to have the honesy and fortitude to stand up for what's in the best interest of their constituents.
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You seem to be making a huge amount of effort to excuse the actions of rich people here.

You don't get to bribe those in charge, and then stand back and not take any of the blame.
 
Doc Savage Fan said:
Veliko, if you are married and have 2 young children, are you "dodging" taxes by taking the exemption for your children?
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No, the two things are not even remotely the same.

The tax relief for having children is an example of a scheme setup to assist parents to raise their children. They often even have cute names like "Child tax credits", with state-printed leaflets distributed to promote it.

The tax dodging employed by rich people, and corporations, involves the employment of highly-paid accountants who sift through the miles of tax legislation, looking for unintended loopholes.
 
Jhhnn said:
Asked & answered, twice, and no amount of willful blindness & deliberately obtuse ranting on your part will change that.
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Duhverted and won't answer, got it. About the only answer you could come up with though, given the position you've taken. Thanks for confirming King et al won't put their money where their mouths are. Partisan drivel on though, I'm sure you can't help yourself...
 
Doc Savage Fan said:
Your link is not relevant to our discussion regarding your assertion of widespread "tax dodging" by corporations. It's anecdotal evidence at best and this scheme is currently under investigation to determine its legality.
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Seriously? You think if a COMEDIAN making a semi-paltry $3.3 million is dodging his taxes to the tune of paying 1% that these huge megacorps aren't doing it, too? The same corps who employ a multitude of the best Accounting minds in the country would not use those minds to pinch every penny out of their tax payments that they could?

Trust is a dangerous byproduct of propoganda induced brainwashing.
 
The Wall Street Journal recently had an article on how the effective tax rate on corporations was at its lowest point in decades despite the technically very high rate, exactly because of the huge number of writeoffs and loopholes:
http://online.wsj.com/article/SB10001424052970204662204577199492233215330.html

Since that's mostly behind a paywall, here's some analysis of it from Time magazine, admittedly a shitty magazine but what can you do:
http://business.time.com/2012/02/06...ecades-is-big-business-paying-its-fair-share/
 
Matt1970 said:
What a hypocrit.
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Hey, don't go after JHnnnnnnnnn's friends now, he might not like that. He might have to post why Unit 23 fire truck hasn't shown up to the 5 alarm fire, when asked why Unit 22 who is on-scene and has the means to start fighting the fire isn't. Dimvert! Dimvert!!!
 
NetGuySC said:
I believe the lower 50% needs to start paying their fair share in federal taxes. I would be ecstatic with even a 1/10 of 1% federal tax rate versus the negative rate they currently enjoy.
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Why? 1/3 of the Fortune 500 pay nothing or negative in taxes...
 
Veliko said:
The tax dodgers are dodging taxes.

You appear to be going down the "it's legal, so it's ok" road with this.



You seem to be making a huge amount of effort to excuse the actions of rich people here.

You don't get to bribe those in charge, and then stand back and not take any of the blame.
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Look back on your posts, every time you attempt to take what i've said and change the premise

"it seems"
"it appears"
"So, essentially"

tax "loopholes" are typically not put there on accident. someone in congress has to put it there. Why would I try and defend the rich? my lifetime earnings don't even add up to 250k :'(

there is a strong equivalency between the child credit and a "loophole" allowing a "rich" person to deduct the cost of maintenance on his yacht when traveling overseas you just want to deny it because it doesn't fit your agenda. You don't want it in there, petition congress to take it out.
 
Lithium381 said:
They are simply doing what's best for them, not what's best for the country as a whole, and you guys are pissed about it. Ask the poor people to do the same thing. make sacrafices. Have 3 kids instead of 4. Go read a book at the library and educate yourself and not watch TV all day. . . .
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Mighty nice set of false attributions, stereotypes, & smear tactics, intended to maintain your own denial.

Median families & below have *already* made huge sacrifices to the Gods of offshoring trickledown economics over the last 30 years, and it shows in their share of national income vs the share of the top 1%. They've sacrificed even more, as a group, in the unemployment & labor force participation rates since the unfolding of the great recession.

The Bush Admin & Republican congress of the recent past are the crowning glory of that shift away from shared prosperity & towards plutocracy. It's gone far enough that aggregate demand has been greatly reduced, putting investors in the position that they see no advantage to hiring & investing, so they hoard instead, which further reduces demand in a vicious circle of greed.

Poor people aren't the cause of a broken system, but rather a symptom of it.
 
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