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Fact check: Are rich taxed less than secretaries?

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dank69 said:
Because Spidey says that's socialism. :colbert:
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No. Raising capgains just discourages investment. Why would I do dividend re-investment if it was taxed as income? I'd just take the money as "income" instead of re-investing it. Why can't liberals understand this very simple fact?
 
spidey07 said:
Anybody who doesn't think Obama is engaging in class warfare, just look at this thread. It shows both classes bitterly fighting each other. But the big point was to point out obama's lies.
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Obama isn't engaging in class warfare. He is reacting to it. The class warfare is quite real and has been in full force for at least the last 30 years. One only needs to look at American wealth distribution DATA to understand who's winning and who's losing.

(Hint: you are among the vast majority who are losing.)
 
spidey07 said:
... I've been a network architect for some 20 years, my bill rate is 250/hr - you do the math.
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Hey, I know exactly what you mean. I've been a Playboy photographer for some 20 years. My bill rate is $10K per shoot - you do the math.

$(fantasy_big_number) * 0 = 0

😎
 
spidey07 said:
What on earth are you talking about? My wages are directly impacted by obama's plans since he's also seeking to take away my mortgage and charity deductions. I've been a network architect for some 20 years, my bill rate is 250/hr - you do the math.
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Why on earth do you still have a mortgage making that kind of money?
 
thraashman said:
First, obviously you have no idea what socialism is. Don't use words you don't understand because when you use them out of context you look like an idiot. Or perhaps you are just an idiot. And Obama's base is doesn't have problems with him because of his liberal policies, they have problems with him because he has too few liberal policies. The man is as far right as the Republican party was in 1995. Unfortunately the Republicans have gone so far right they see moderates as socialism and they see the far right as RINOs.
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:thumbsup::thumbsup:

I did gain renewed hope tho with the last speech he gave in the rose garden. Hopefully he learned that the GOP has no intentions of dealing on issues rationally and will keep calling them out for the true obstructionist they are.
 
spidey07 said:
No. Raising capgains just discourages investment. Why would I do dividend re-investment if it was taxed as income? I'd just take the money as "income" instead of re-investing it. Why can't liberals understand this very simple fact?
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Because it's a bogus argument. To the extent that tax rates discourage any forms of income -- largely a specious argument itself until we reach truly punitive tax rates -- the fact remains that We, the People have national bills to pay. The money to pay those bills has to come from somewhere. There's no reason passive income like investments should be given the sweetheart treatment compared to hard-working earned income.

To preempt the standard straw man response to this, I'm not suggesting for a second that raising taxes is the complete solution to our debt problem. We ALSO need to cut spending. We have to do both, something the right-wing fringe seems loathe to acknowledge.
 
spidey07 said:
No. Raising capgains just discourages investment. Why would I do dividend re-investment if it was taxed as income? I'd just take the money as "income" instead of re-investing it. Why can't liberals understand this very simple fact?
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Because if you want your money to make more money, you will have to reinvest it, regardless of tax rates. Why can't conservatives understand this very simple fact?
 
spidey07 said:
No. Raising capgains just discourages investment. Why would I do dividend re-investment if it was taxed as income? I'd just take the money as "income" instead of re-investing it. Why can't liberals understand this very simple fact?
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Lol, yeah you're going to earn .0001% keeping it in your savings account just to avoid paying slightly higher taxes. Shut the fuck up already.
 
QuantumPion said:
I don't understand this point. It makes about as much sense as saying "Ausm is a fat out of shape blob yet he still watches pro football!"

You don't have to be rich to be against socialism. In fact, in the former soviet nations, it was the poorest of the poor whom were most adamantly opposed to communism. It was they whom understood the price of liberals' policies was their own lives. Therefore I would fully expect the poor and unemployed today to be the most stringent opponents of Obama's policies. And in fact we are beginning to see that as a collapse of Obama's base.
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Please provide a single shred of evidence that shows that Obama's base is 'collapsing' due to his policies being too liberal.

You do realize that raising taxes on the rich is one of the most overwhelmingly popular policy positions available to any politician in America today, right?
 
spidey07 said:
Of course they aren't. Obama - YOU LIE! When the associated depressed calls Obama on his lies, you know he's in deep trouble. This story is going all over the press, Obama lies, taxes rise.

http://www.sltrib.com/sltrib/world/52612625-68/income-taxes-pay-tax.html.csp




It seems Geithner doesn't know what an average is, then again a tax cheat is either really good or really poor at "math".
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Hay stupid! It is the "PERCENTAGE", 17% for the $Billionaires$ Vrs. 33% for secretaries.
 
dank69 said:
No, Obama is saying that it should never happen. Even if it happens in 1 out of 1000 cases, that is too many. What happens in the average case has no bearing on his statement.
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So your logic is to base public policy on outliers rather than what actually happens normally. That's plain idiotic.
 
spidey07 said:
No. Raising capgains just discourages investment. Why would I do dividend re-investment if it was taxed as income? I'd just take the money as "income" instead of re-investing it. Why can't liberals understand this very simple fact?
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So was there a significant increase in investment in 2003?
 
actuarial said:
Why on earth do you still have a mortgage making that kind of money?
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Because after deduction it makes my effective mortgage interest rate 3%, I can make better money elsewhere.

And with the fed coming out today the treasury yields will go down along with mortgage rates, you'd be a fool not to max out your mortgage at these insanely low rates provided you have the discipline to make your money make more money for you.
 
soulcougher73 said:
And yet you defend the class you are not a part of..go figure.
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Better to do this now than demonize it like you and your cohorts. That way, when he eventually becomes a part of it, he doesn't have to talk out the other side of his face and defend it. Unlike you, who would get there and start defending it rather than demonize it because now you are a part of the chosen. Oh wait, you and others like yourself have to drive to be a part of that class, they are just evil and you want none of that. Paaahlease!
 
soulcougher73 said:
Well people have to hire him first. Just because you bill at $250/hour doesnt mean anything without a job. I mean who would hire Spidey..if he comes off this loony on a forum imagine in real life.
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Lulz, I've been at my current consulting company for 7 years. I love this little fantasy you guys have thinking I don't have a full time job. Not only is it full time, it's salary non-exempt which means I get juicy overtime as well.
 
spidey07 said:
Lulz, I've been at my current consulting company for 7 years. I love this little fantasy you guys have thinking I don't have a full time job. Not only is it full time, it's salary non-exempt which means I get juicy overtime as well.
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So do they pay you per post count or per hour regardless of post count? I mean you sure do post a lot for someone who claims to work hard for his money.
 
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