Many millionaires pay 4 times more in taxes

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Since: Jul 12

Douglasville, GA

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#1
Nov 24, 2012
 

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This is just another article trying to explain how much money in taxes that high earners pay.
Also you must understand that taxes have already been paid once,(probably 35%), on the money that people invest and then they are taxed another 15% on the dividends the investment makes.

http://www.cnbc.com/id/49939444

Since: Jul 12

Douglasville, GA

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#2
Nov 24, 2012
 

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Just one more short article.

http://washingtonexaminer.com/examiner-editor...

“The real B-Man”

Since: Nov 12

Carrollton, GA

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#3
Nov 24, 2012
 

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So you like to lick the boots of your rich masters. What else is new?
a mom

Cumming, GA

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#4
Nov 25, 2012
 

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You compare apples to oranges when you cite $$ figures vs % figures. My beef if that they pay a lower tax rate on their ncome than does a middle-class worker. As JRonald jReagan famously said -The bus driver should not paytaxes at the same rate as the millionaire.

I don't think anyone disagrees with you that millionaires/billionaires pay more money out for taxes than a middle class taxpayer. However, the percentage of their income is far less than the percentage of said middle class taxpayer.

Additionally ---far too little emphasis is given to the consumer. It is the consumer that makes entrepreneurs and business people successful. No consumer/no business.
Jabberwocky

Carrollton, GA

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#5
Nov 25, 2012
 

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B-Man2 wrote:
So you like to lick the boots of your rich masters. What else is new?
Good grief. You are a sissy girl.

Since: Jul 07

Douglasville

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#6
Nov 25, 2012
 

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So when was the last time a poor man give you a job?

Since: Jul 07

Douglasville

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#7
Nov 25, 2012
 
that should be gave

Since: Sep 08

Neon City Oh.

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#8
Nov 25, 2012
 

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The wingnuts are known for their bake sales.
Maybe you can hold a bunch of bake sales to raise money to benefit the wealthy.
They would take it.
Bill Clintan

Douglasville, GA

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#9
Nov 25, 2012
 

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So how many of us make between 1.5 and 2 million? I am willing to bet none of use make that much per year because if we did we wouldn't be on here. So the real question is what does the average middle class worker pay and why should I pay anymore than the richest worker.
Who spends the money the rich or the poor? I for one bet the poor spends more money. Once the rich have the things they want they go into save and store mode. While a lot of wealth is old money some wealth is new money. The new money is created by saving not spending. The trickle down sure didn't work but the trickle up moves money.
a mom

Cumming, GA

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#10
Nov 25, 2012
 

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@Mugsy - that is a lame Neal Boortz kind of trying to getcha question. A poor man gives jobs every time he buys groceries -helps pay the grower, the picker, the trucker, the grocery clerks, etc-; every time he puts gas in his car --helps pay the refinery workers, the shippers, the QT workers, etc; every time he/she buys any product or service he/she helps create jobs. And the money that a poor or middle class taxpayer gets is far more likely to be spent on goods and services in a faster amount of time out of necessity.

Since: Jan 10

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#11
Nov 25, 2012
 

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Some more educational information for those that don't understand why capital gains are taxed differently than ordinary income...

http://www.realclearpolitics.com/articles/201...

The paragraph about risk and the last 3 paragraphs are particularly informative.

@Dave: good links, but I think you're wasting your time, most of the clueless and uneducated don't want to know any more than what is minimally required...

Also, if they don't have investments that would receive capital gains, why would they care? It's something for the "evil rich" to deal with, isn't it?

Since: Jul 07

Douglasville

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#12
Nov 25, 2012
 

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a mom wrote:
@Mugsy - that is a lame Neal Boortz kind of trying to getcha question. A poor man gives jobs every time he buys groceries -helps pay the grower, the picker, the trucker, the grocery clerks, etc-; every time he puts gas in his car --helps pay the refinery workers, the shippers, the QT workers, etc; every time he/she buys any product or service he/she helps create jobs. And the money that a poor or middle class taxpayer gets is far more likely to be spent on goods and services in a faster amount of time out of necessity.
And who invested their money to create the trucking companies, the gas station, the grocery store?
a mom

Cumming, GA

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#14
Nov 25, 2012
 

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They borrowed the money from the government and continue to get government benefits - roads, loans,tax write-offs, oil subsidies while making huge profits, etc. People don't have money to invest unless they inherited it, they have saved their money for a very long time (that doesn't usually happen), consumers bought their product, or the government is loaning it to them.
There are risks that come with working at a job for a living also. YOu might become disabled, the company can collapse, accidents, etc.
Whether you make your income through investment or through working a job you face risks. The income should be treated the same by the taxman. Of course, those who work a job - middle class and the poor aren't able to hire lobbyists and lawyers and contribute heavily to political camapaigns to influence law makers.

“The real B-Man”

Since: Nov 12

Carrollton, GA

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#15
Nov 25, 2012
 

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Jabberwocky wrote:
<quoted text>
Good grief. You are a sissy girl.
Typical republiKKKan. When your argument is shot down, you resort to childish name calling.

Since: Nov 12

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#16
Nov 25, 2012
 

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B-Man2 wrote:
<quoted text>
Typical republiKKKan. When your argument is shot down, you resort to childish name calling.
kind or an ironical post coming from u.

the black pot calling the black kettle childish.

Since: Nov 12

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#17
Nov 25, 2012
 

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a mom wrote:
They borrowed the money from the government and continue to get government benefits - roads, loans,tax write-offs, oil subsidies while making huge profits, etc. People don't have money to invest unless they inherited it, they have saved their money for a very long time (that doesn't usually happen), consumers bought their product, or the government is loaning it to them.
There are risks that come with working at a job for a living also. YOu might become disabled, the company can collapse, accidents, etc.
Whether you make your income through investment or through working a job you face risks. The income should be treated the same by the taxman. Of course, those who work a job - middle class and the poor aren't able to hire lobbyists and lawyers and contribute heavily to political camapaigns to influence law makers.
borrow from the government? R u serious?
a mom

Cumming, GA

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#20
Nov 25, 2012
 

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Really, BM? Have you never heard of the bailout? Small Business Administration? Guaranteed business loans? Oil subsidies? The same CEOs who have gotten together to try to pressure the government to cut Social Security and Medicare are from companies that were heavily bailed out, that rely on government contracts, and/or have gotten other government subsidies. They want none of their government subsidies and benefits touched, but are willing to throw the middle class under the bus in a heartbeat.

Since: Jul 12

Douglasville, GA

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#21
Nov 25, 2012
 

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I have never read so much pure petty Communist Robin Hood bull S**t in my life. All you people say is damn the man that has earned any money and if he does have money he should give it to you.
My you are such small, petty , jealous, and ignorant people. All you do is keep repeating your party line propaganda as you can't possibly be as stupid as you sound.
When was the last time that you created jobs for other people?
a mom

Cumming, GA

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#22
Nov 25, 2012
 

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Let me repeat more slowly----Every time you buy an item or pay for a service you are creating jobs for other people. If the consumer doesn't buy your product or service --you close the doors to the business! Discrediting or ignoring the power of the consumer is a huge mistake. I don't think you have a clue as to the definition of Communism. It's just some right wing word to throw out there for an insult. All income should be taxed at the same rate ---nothing Communist or Socialist about that.

Since: Jul 12

Douglasville, GA

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#23
Nov 25, 2012
 

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You moron. How are you going to purchase anything if someone doesn't start a business to make something for you to buy! Where are you going to get the money to buy something if no one starts a business for you to work at and make money. DUH! You think the government is going to give you free money? Well maybe that is how you get your money.

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