Who do you support for U.S. Senate in Georgia in 2010?

[Informed Opinion]

Called Out wrote:

<quoted text>Income tax right, not capital gains tax?????

Capital gains is just another name for income. Some income results from our labor, and some results from our investments,(if we have investments).

A false and arbitrary distinction.

Kind of like saying I drive a motor vehicle and he drives a truck. A truck is just one form of motor vehicle. Capital gains is just one form of income. Payment in Kind is another form. Salary is another.

It's all income, but the folks who obtain their income via capital gains on investments or hedge funds would love to convince those of us who labor that their income is somehow "special" and should be taxed at a lower rate than laborer's wages.

To me, and Warren Buffett, a pretty impressive source, it should've the opposite.

It is impossible not to invest your money unless you out it in your mattress, or PVC pipes buried in the ground. Even if you just leave it in the bank, your investing with the bank and the bank is investing with your money, so "investors" actually need no incentive at all to "invest" - they cannnot "not invest".

[Falcons Suck]

Informed Opinion wrote:

<quoted text>
Never mind. I am in mourning.

You should be in mourning. Falcons fans are a bunch of animals. The game was only over for a few minutes before one of you freaks stabbed a 49ers fan. Of course we shouldn't be surprised. Any team that would have Michael Vick as their QB would naturally attract animals as fans.

[hey man]

Chill out man

[Informed Opinion]

Falcons Suck wrote:

<quoted text>You should be in mourning. Falcons fans are a bunch of animals. The game was only over for a few minutes before one of you freaks stabbed a 49ers fan. Of course we shouldn't be surprised. Any team that would have Michael Vick as their QB would naturally attract animals as fans.

Seem you should be mad at Philadelphia. Maybe my memory is going, but seems to me Vick never played in Atlanta after being convicted of the crimes. But maybe I am wrong.

As for the stabbing. Kinda silly to stereotype millions of people because one person does something stupid. For instance, after reading your post I don't consider everyone in your town to be morons.

[Anonymous]

Falcons Suck wrote:

<quoted text>
You should be in mourning. Falcons fans are a bunch of animals. The game was only over for a few minutes before one of you freaks stabbed a 49ers fan. Of course we shouldn't be surprised. Any team that would have Michael Vick as their QB would naturally attract animals as fans.

last I checked, Vick don't play for Atlanta. Second, Vick fought a dog and the world hates him. Ray Lewis (Ravens) killed a person in Atlanta and he is a world hero. Everyone needs to get their shit straight!

[ME II]

Informed Opinion wrote:

<quoted text>
Seem you should be mad at Philadelphia. Maybe my memory is going, but seems to me Vick never played in Atlanta after being convicted of the crimes. But maybe I am wrong.
As for the stabbing. Kinda silly to stereotype millions of people because one person does something stupid. For instance, after reading your post I don't consider everyone in your town to be morons.

Obviously you have never been to Albany... or ALL-BENNY as they call it...

[ME II]

Bill in Dville wrote:

<quoted text>
The FairTax is not a VAT, the amount is approximately the same as embedded sales taxes that are already paid and ALL people, up to the poverty level, would pay no FairTax, so it would have no adverse effect on low income earners...

So it's really not a "fair" tax, since not everyone would pay it, right? And just curious, if we did have a "fair tax" and I walked into a grocery store to buy groceries, how would the cashier determine that I am at or below the poverty level? Just asking?

[Bill in Dville]

stop the bull wrote:

<quoted text>
I ask you nicely to skip the bullshit, and your answer is ALL bullshit. Always the same bullshit, the tax table is the same for all, bullshit. The real tax rate is determined by loopholes and deductions and rich folks normally pay most tax as capital gains taxes. We are ALL talking about the effective tax rate actully payed, well everyone but you. And the rich and corporations pay LESS.
Sure we need to reduce spending to some degree, and its NOT the result of the people who don't make enough to pay income tax, they pay a hell of a lot of other taxes. You are ALSO including retired people and disabled people in your numbers. Now in your mind people who put in time at the job and retired are the problem!!! But the real problem is spending problems generated by two wars started by you know who. The revenue probles caused by the economic meltdown will go away just as soon as the nation recovers from 8 years of Repubs rule. Bush got a surplus and left a with a huge deficit and unfunded wars. The United States still has the largest economic engine in the world. Gloom and doom is all the Repubs have to sell today, damn shame. We will all be much better off as soon as all the bullshit stops.
Fairtale is code word in the real world for FairTax, I left the y out by mistake, sorry.

"Always the same bullshit, the tax table is the same for all, bullshit."

How is it BS if it's a fact? Because you don't like it and can't figure it out?

"The real tax rate is determined by loopholes and deductions"

The real tax rate is determined by taxable income. Do you know how to arrive at taxable income?

"and rich folks normally pay most tax as capital gains taxes."

What, to you, is "rich"? How much income? Is ANYONE who has capital gains rich?

"And the rich and corporations pay LESS."

Have you ever done ANY research as to the rationale of why the capital gains rate is what it is? Were you paying attention several posts (of mine) ago where it was indicated a household could have gross income of over $100K and be paying an overall tax rate that is LESS than the long term capital gains rate? Or, is that beyond your comprehension level?

Also, I surmise you didn't find out the corporate tax rate. It's higher than what you pay.

"You are ALSO including retired people and disabled people in your numbers."

Correct. Do you know what the % is of those that don't pay any federal income tax? The vast majority of people that don't pay federal income tax are not retirees and disabled people. BTW, lots of retired people pay federal income taxes, as do lots of disable people.

"actully payed"???

Would that, by chance, be "actually paid"? You really should check your posting before submitting, you're looking even worse than you "sound"...

BTW, how's that no withholding on income over $117K thing going? IF you happen to know someone that makes over $117K per year, ask them when their federal withholding stopped. They'll look at you like you have a third eye in the middle of your forehead (in your case, it might be a five head).

"Sure we need to reduce spending to some degree,"

If you don't believe we have a spending problem, either you're hopelessly clueless or haven't been paying attention (maybe both).

"and its NOT the result of the people who don't make enough to pay income tax, they pay a hell of a lot of other taxes."

So does everybody else. However, for MOST people, federal income taxes are the largest tax item they pay.

[Bill in Dville]

Informed Opinion wrote:

<quoted text>
Capital gains is just another name for income. Some income results from our labor, and some results from our investments,(if we have investments).

...

Both are DIFFERENT types of income and are taxed DIFFERENTLY. Hmmmm. Do you know the rationale why?

"A false and arbitrary distinction."

Only to clueless and uneducated people that don't know the rationale of why they're treated differently for tax purposes

[Bill in Dville]

ME II wrote:

<quoted text>
So it's really not a "fair" tax, since not everyone would pay it, right? And just curious, if we did have a "fair tax" and I walked into a grocery store to buy groceries, how would the cashier determine that I am at or below the poverty level? Just asking?

Do your own FairTax research, start with the word "prebate". It's been explained ad nauseum in here already.

[Informed Opinion]

Bill in Dville wrote:

<quoted text>"Always the same bullshit, the tax table is the same for all, bullshit."

How is it BS if it's a fact? Because you don't like it and can't figure it out?

"The real tax rate is determined by loopholes and deductions"

The real tax rate is determined by taxable income. Do you know how to arrive at taxable income?

"and rich folks normally pay most tax as capital gains taxes."

What, to you, is "rich"? How much income? Is ANYONE who has capital gains rich?

"And the rich and corporations pay LESS."

Have you ever done ANY research as to the rationale of why the capital gains rate is what it is? Were you paying attention several posts (of mine) ago where it was indicated a household could have gross income of over $100K and be paying an overall tax rate that is LESS than the long term capital gains rate? Or, is that beyond your comprehension level?

Also, I surmise you didn't find out the corporate tax rate. It's higher than what you pay.

"You are ALSO including retired people and disabled people in your numbers."

Correct. Do you know what the % is of those that don't pay any federal income tax? The vast majority of people that don't pay federal income tax are not retirees and disabled people. BTW, lots of retired people pay federal income taxes, as do lots of disable people.

"actully payed"???

Would that, by chance, be "actually paid"? You really should check your posting before submitting, you're looking even worse than you "sound"...

BTW, how's that no withholding on income over $117K thing going? IF you happen to know someone that makes over $117K per year, ask them when their federal withholding stopped. They'll look at you like you have a third eye in the middle of your forehead (in your case, it might be a five head).

"Sure we need to reduce spending to some degree,"

If you don't believe we have a spending problem, either you're hopelessly clueless or haven't been paying attention (maybe both).

"and its NOT the result of the people who don't make enough to pay income tax, they pay a hell of a lot of other taxes."

So does everybody else. However, for MOST people, federal income taxes are the largest tax item they pay.

All that anger.

Relax, nothing is going to change as long as we keep voting for the same people owned by the same corporations.

This doesn't have to be complicated.

Pick a tax rate, any tax rate, and make everyone pay the same tax rate on all income from all sources:
wages, short-term capital gains, long-term capital gains, bonuses, options, grants, hedge fund gains, inheritances, gifts, barter. Everything.

No deductions, for anything, anytime, for anyone.

How hard is that ?

How can that be "unfair"

Let's call it the "RFT" - the Really Fair Tax.

[Bill in Dville]

Amazing how people can't address simple questions, unless they're beyond one's level of comprehension...

Cya.

[Will Dockery]

ME II wrote:

<quoted text>
Obviously you have never been to Albany... or ALL-BENNY as they call it...

Interestingly, I've been considering a road trip over to Albany to look for used book and record stores and so on... do you know of any there, and their locations/

On Google, it seems most things like that are on Dawson Street?

--
Music & poetry from Will Dockery & The Shadowville All-Stars:
http://www.reverbnation.com/willdockery

[Galactic Nacho]

Bill in Dville wrote:

Amazing how people can't address simple questions, unless they're beyond one's level of comprehension...
Cya.

The topix won't let me say it in eenglish for some reason, so in my language it is - No deje que la puerta le golpeó en sus glúteos

[Taco taster]

Amazing this thread is alive. Maybe the posters are dead.

[Synergy]

Galactic Nacho wrote:

<quoted text>
The topix won't let me say it in eenglish for some reason, so in my language it is - No deje que la puerta le golpeó en sus glúteos

Your language??? What a laugh. Obviously, YOUR language is English.

"Don't let the door hit him in is buttocks." YOU don't understand his explanation of taxation, either. Perhaps if he sticks around, you "might" learn something.

[First name]

Bill in Dville wrote:

<quoted text>
Both are DIFFERENT types of income and are taxed DIFFERENTLY. Hmmmm. Do you know the rationale why?

Because "he who has the gold makes the rules?"

[welcome]

Falcons Suck wrote:

<quoted text>
You should be in mourning. Falcons fans are a bunch of animals. The game was only over for a few minutes before one of you freaks stabbed a 49ers fan. Of course we shouldn't be surprised. Any team that would have Michael Vick as their QB would naturally attract animals as fans.

Vick served time and lost millions of dollars for killing dogs. While thats a terrible thing people spend less time and it costs them less to kill certain people. Lots of them folks in Atlanta and they are killed by guns every day, and we just don't care. Welcome to American the Beautiful!

[guesswho]

Bill in Dville wrote:

Amazing how people can't address simple questions, unless they're beyond one's level of comprehension...
Cya.

You elitist ass! You are obviously a smart person, but that doesn't make you right. You are so wrong, but that’s your constitutional right. You have your view of how the economy and taxation should work and it’s not in favor the average working person. The tax code is fine, it’s the laws passed by elitist for the benefit of the rich and rich corporations. It makes the effective tax rate much higher for regular working people who make their money working, that’s a fact. So you stick your elitist nose in the air and talk down to people who you view as stupid. Book smarts only goes so far, you are a pitiful excuse for a human with little common sense.

[Ethos]

guesswho wrote:

<quoted text>
You elitist ass! You are obviously a smart person, but that doesn't make you right. You are so wrong, but that’s your constitutional right. You have your view of how the economy and taxation should work and it’s not in favor the average working person. The tax code is fine, it’s the laws passed by elitist for the benefit of the rich and rich corporations. It makes the effective tax rate much higher for regular working people who make their money working, that’s a fact. So you stick your elitist nose in the air and talk down to people who you view as stupid. Book smarts only goes so far, you are a pitiful excuse for a human with little common sense.

Obama will save you.