Search found 369 matches
- Fri Dec 16, 2011 9:53 pm
- Forum: Completely Off-Topic
- Topic: Top Income Tax Rate: How's 83% Sound?
- Replies: 23
- Views: 23393
Re: Top Income Tax Rate: How's 83% Sound?
Dollar for dollar? Sure doesn't sound like it. From the sources I've found, including the IRS, it sounds like they're paying a much lower percentage. Only because you're comparing the overall tax on a very large income with the overall tax on a very small income. So yes, for example, once you go ov...
- Fri Dec 16, 2011 2:15 pm
- Forum: Completely Off-Topic
- Topic: Top Income Tax Rate: How's 83% Sound?
- Replies: 23
- Views: 23393
Re: Top Income Tax Rate: How's 83% Sound?
As Mr. Buffett explained last month, “What I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office.” His income comes mostly from his investments, which are taxed at the capital gains rate of 15 percent. Hi...
- Fri Dec 16, 2011 1:44 pm
- Forum: Completely Off-Topic
- Topic: Top Income Tax Rate: How's 83% Sound?
- Replies: 23
- Views: 23393
Re: Top Income Tax Rate: How's 83% Sound?
The average tax rate for billionaires in 2008 was 18% some are getting away with as little as 1%. It's an income tax, not a wealth tax. You can own a trillion dollars, but if you only make $1 in a given year, you'll only be taxed on $1 for that year. Also, when you own property (such as investments...
- Thu Dec 15, 2011 2:31 pm
- Forum: Completely Off-Topic
- Topic: Top Income Tax Rate: How's 83% Sound?
- Replies: 23
- Views: 23393
Re: Top Income Tax Rate: How's 83% Sound?
It was 90% under Eisenhower for awhile. Rich people didn't pay 90% though. Until the Reagan-era reforms, there were so many ridiculous loopholes for deductions that rich people could end up paying next to nothing, which is what prompted the (horribly designed) Alternative Minimum Tax system in the ...
- Fri Dec 09, 2011 1:38 pm
- Forum: Completely Off-Topic
- Topic: Top Income Tax Rate: How's 83% Sound?
- Replies: 23
- Views: 23393
Re: Top Income Tax Rate: How's 83% Sound?
The tax cuts violated Hauser's law.Zute wrote:That's not entirely true. The deficit exploded during Bush II after the tax cuts.
Rolling them back is not the same thing as thinking an 83% marginal tax rate will solve the nation's problems.
- Fri Dec 09, 2011 11:26 am
- Forum: Completely Off-Topic
- Topic: Top Income Tax Rate: How's 83% Sound?
- Replies: 23
- Views: 23393
Re: Top Income Tax Rate: How's 83% Sound?
They’re suggesting politicians should feel emboldened to tackle income inequality and federal deficits by rolling back 30 years of Republican efforts to flatten and depress income taxes. The current 35 percent top marginal income-tax rate is the lowest it’s been since 1992. Before Ronald Reagan’s f...
- Sun Dec 04, 2011 10:47 am
- Forum: Completely Off-Topic
- Topic: If you just work hard enough...
- Replies: 2
- Views: 4492
Re: If you just work hard enough...
Anyone who thinks they'll get rich, just by working hard at whatever they happen to be doing, is stupid. And therefore will almost certainly never be rich.
- Fri Dec 02, 2011 1:28 pm
- Forum: Completely Off-Topic
- Topic: Did Racism Cost Obama Votes in 2008?
- Replies: 2
- Views: 8449
Re: Did Racism Cost Obama Votes in 2008?
Easier method: http://elections.nytimes.com/2008/results/president/map.html Click "County leaders" on the left side of the map. Move the slider between 2008 and 1996. The bible belt , the obesity/stroke/heart disease / diabetes belt, the welfare belt, the I-didn't-vote-for-Obama-because-he...
- Tue Nov 29, 2011 9:14 pm
- Forum: Completely Off-Topic
- Topic: Bigger Hypocrites than Christians/"Republicans"?
- Replies: 81
- Views: 66186
Re: Bigger Hypocrites than Christians/"Republicans"?
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/11/29/BAFV1M5UEO.DTL&tsp=1 Cal students sue over police tactics at protest Two dozen UC Berkeley students and community members filed a federal civil rights lawsuit Tuesday, accusing university police and Alameda County sheriff's deputies of...
- Tue Nov 29, 2011 9:09 pm
- Forum: Completely Off-Topic
- Topic: Bigger Hypocrites than Christians/"Republicans"?
- Replies: 81
- Views: 66186
Re: Bigger Hypocrites than Christians/"Republicans"?
So you are PUBLICLY announcing on this forum that you are a fascist racist? You really should be careful how you construct your opinion about how we/U.S. decide what is constitutional and what isn't. I'm PUBLICLY announcing what the law actually is , as opposed to what you think it is or want it to...