Tax bills for rich families approach 30-year high

There are 343 comments on the The Republic story from Mar 3, 2013, titled Tax bills for rich families approach 30-year high. In it, The Republic reports that:

With Washington gridlocked again over whether to raise their taxes, it turns out wealthy families already are paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.

Join the discussion below, or Read more at The Republic.

Say the Truth

Lansdale, PA

#101 Mar 4, 2013
it ain t hard to get wrote:
That's because they are RICHER THAN EVER, and they were paying the correct rates before.
And What is "before?"
Before Ronald Reagan cut their taxes, and put the USA onto the deficit train
LMAO, JFK made the first big cuts to the marginal rates. LBJ's "Great Society" entitlement system is what wrecked the economy, it just took the Baby Boomers to hit retirement to have the chickens come home to roost.

Since: Mar 11

St. Croix valley

#102 Mar 4, 2013
Say the Truth wrote:
<quoted text>
What percentage of the population actually payed 90%? You think that outrageous marginal rates created "relative peace and prosperity"? You mean peace like the Cold War, Korea, Cuban Missle Crisis, Vietnam?
And by what right do you claim that ANYONE should pay more than they already do? The top few percent ALREADY pay the bulk of federal income taxes, out of proportion to the percentage of all income.
No-one paid 90%...
Ohwell

Carmel, IN

#103 Mar 4, 2013
woodtick57 wrote:
<quoted text>Show me a house owned by a $200,000/year earning family that has a $30,000/year property tax bill...
i won't hold my breath...
You are truly amazing with the way you jump from conclusion to conclusion. There ARE people who earn in the $200,000 range after taxes who have built or purchased homes who make that kind of money especially when they made large down payments. When values bump up so do the taxes. Values can go up hundreds of thousands of dollars and it happened during the bubble. I've known people who's home increased $500,000 in a year and more! Some communities can levy ridiculous fees on properties both for business and residential properties. I also know people who have made loans to families who made between $200,00 and $350,000 who have gotten in these homes with little down. Those days are gone now because these large loans are much more difficult to get. So please, your inexperience in this area is telling.
Say the Truth

Lansdale, PA

#104 Mar 4, 2013
WeTheSheeple wrote:
<quoted text>
Just as there are currently HUGE deductions before tax and then only the last bit above a certain point is taxed. But now that last bit is only taxed at 39%.
They's why Buffet and Romney and Gates and all the other rich pay a lower EFFECTIVE tax rate than many of their employees, inspite of having a higher marginal tax rate.
HUGE deductions? Like what?

"Only" 39%? LMAO!

Buffet and Romney and Gates pay taxes on investment income, not wages. They ALREADY paid tax on the original income and invested WHAT WAS LEFT OVER.
Say the Truth

Lansdale, PA

#105 Mar 4, 2013
Robert wrote:
<quoted text>
I don't have to think of where I got it, I worked hard for it and while other people were seeing what they could buy I made the choice of living cheap and saving while others were spending.
In case you are not aware the government did not build the economy or the stock market, hard working people did and people built the government. People have needed a roof over their heads since they came out of caves and the government did nothing to create this need.
The infrastructural benefits everyone, if it were not for an infrastructure you might not have a job but I don't hear you saying people who drive on roads to get to jobs should pay more, why me.
I don't even need a road, you need a roof over your house and unless you have a bunch of trees to cut down, section and split into shingles you will have to pay someone. If there are no roads you simply have to pay more to get me there.
You will always have difficulty answering this question because you don't like to talk about the truth.
The answer is that the reason the rich have to pay more than their fair share is that we spend so much money there is not other way to do it and rather than control our appetite for spending we would rather take someone who already pays more than we do and make them pay even more.
Yes I did build that.
Amen, brother.
Say the Truth

Lansdale, PA

#106 Mar 4, 2013
WeTheSheeple wrote:
<quoted text>
Do you think our economy or the stock market or modern infrastructure would exist without our government?
EVERYONE is going to have to pay more in taxes because EVERYONE benefits from our deficit spending one way or another, and NO ONE is willing to give up THEIR benefits.
So we're left with those who CAN pay the most WILL pay the most.
Btw, I DO think people who drive on roads should pay more, which is why I support raising the gas tax or increasing toll roads.
So the so-called 47% should pay their "fair share"?

Since: Mar 11

St. Croix valley

#107 Mar 4, 2013
Ohwell wrote:
<quoted text> You are truly amazing with the way you jump from conclusion to conclusion. There ARE people who earn in the $200,000 range after taxes who have built or purchased homes who make that kind of money especially when they made large down payments. When values bump up so do the taxes. Values can go up hundreds of thousands of dollars and it happened during the bubble. I've known people who's home increased $500,000 in a year and more! Some communities can levy ridiculous fees on properties both for business and residential properties. I also know people who have made loans to families who made between $200,00 and $350,000 who have gotten in these homes with little down. Those days are gone now because these large loans are much more difficult to get. So please, your inexperience in this area is telling.
Your bullshit is telling...

i guess that's a no-go for showing me this $30,000/year property tax bill...
Say the Truth

Lansdale, PA

#108 Mar 4, 2013
WeTheSheeple wrote:
<quoted text>
It would generate far more taxes in real dollars at an even higher rate; a rate the rich can easily afford to pay.
You miss the point. What right do YOU have to MORE of someone else's money? Money they EARNED?

And what good is raising tax revenue going to do? It is only going to be pissed away- I mean "redistributed".
Say the Truth

Lansdale, PA

#109 Mar 4, 2013
WeTheSheeple wrote:
<quoted text>
You don't really think money doesn't buy access & favors from politicians which the rest of us don't get?
I know you're not that naive.
Again, taxes ARE going to go up. Better the rich pay it than those who currently have to choose between eating dog food or paying their electric bill.
Favors? What favors? Do they get a special lane on the highway?
Say the Truth

Lansdale, PA

#110 Mar 4, 2013
Pamela wrote:
<quoted text>47 million people are on food stamps and 7 million more went onto permanent disability in just the last 4 years due to losing jobs. In the old days, the U.S. was the largest manufacturer and we had a trade surplus. Our manufacturing base is gone and we have a $750 billion per year trade deficit. Unless you have a 4-5 year degree in computer science or engineering, there are no good paying jobs you can get. The jobs being offered are minimum wage service jobs so that people qualify for welfare programs now while working full time.
You ONLY come into Topix to attack smart people. You are violent, an abuser, dumb as hell and a total jerk. I'm glad to see I am not the only one you attack. You just attacked another poster in here who made a smart and informed and thoughtful post. So you attack anyone who is not stupid.
You NEVER post information, not one fact, you NEVER debate anyone on any isssue. All you post is personal harm, personal attacks when you see people are intelligent, proving you are a bottom feeder and if this place monitered the boards and put people out, you would be the first one they would put out.
The moral of the story is that you should have studied computer science or engineering.
Say the Truth

Lansdale, PA

#111 Mar 4, 2013
ohwell wrote:
<quoted text> Since there are more slackers making $50 and below who will outnumber the hardworking guy making $200,000--they'll outnumber and conquer..
Hence the reelection of the Redistributor in Chief .
Reality Bites

AOL

#112 Mar 4, 2013
Say the Truth wrote:
<quoted text>
LMAO, JFK made the first big cuts to the marginal rates. LBJ's "Great Society" entitlement system is what wrecked the economy, it just took the Baby Boomers to hit retirement to have the chickens come home to roost.
Bingo. Best post on this thread.
hmmmmmmmmmmmmm

Greeneville, TN

#113 Mar 4, 2013
you people are asses, where is the incentive to work and bette yourself if you worthless crackheads think the rich should be taxed to death and give you all their money, if you want some get off ya ass and earn it
Say the Truth

Lansdale, PA

#114 Mar 4, 2013
WeTheSheeple wrote:
<quoted text>
The one who writes the $10,000 or $100,000 or $1,000,000 check has the most policy influence.
Only a fool would think otherwise.
So that would include your Hollywood elite, and union bosses.
Ohwell

Carmel, IN

#115 Mar 4, 2013
woodtick57 wrote:
<quoted text>Your bullshit is telling...
i guess that's a no-go for showing me this $30,000/year property tax bill...
What are you babbling about now? If you don't have the common sense to think, there is nothing more to say. Let me draw you a picture.

A family with a $200,000 net income could in fact afford to purchase a million dollar home with $600,000 down- especially in those crazy days a few years back. Low interest rates and accessible credit kept the market going as long as it did. People were flipping their homes and making money hand over fist. They were bringing huge amounts of cash to the closing table. So when the million dollar home assesses for 1.8, the tax bill jumps to about $30,000. I'm sorry you are not bright enough to do the math on your own.

Now that the luxury home market has dried up, property values have fallen hard. In some cases, the values have fallen below the equity. In many cases, the assessed values homeowners are getting taxed on, is higher than what the house is actually worth. The 'rich' have lost billions in this economy and yet this scumbag prez wants to tax them more.
Ohwell

Carmel, IN

#116 Mar 4, 2013
Say the Truth wrote:
<quoted text>
Hence the reelection of the Redistributor in Chief .
Yup.
Say the Truth

Lansdale, PA

#117 Mar 4, 2013
WeTheSheeple wrote:
<quoted text>
Everyone pays taxes.
Only the rich differentiate between income taxes and the myriad of other taxes paid by all- sales tax, gas tax, phone tax, utility tax, etc, etc, etc- in an attempt to minimize the significance these other taxes have on a poor person's budget.
Notice these same people are mum on the lower rates paid on capital gains and the zero rate on overseas investments....
Those other taxes aren't in the Federal budget, which is whatt we are talking about, and which far exceeds the other nuisance taxes.

Top earners are relieved of up to half of their income. Is that just?
Say the Truth

Lansdale, PA

#118 Mar 4, 2013
WeTheSheeple wrote:
<quoted text>
Nope, the rich will always be rich.
And yes, someone making $200k a year is rich.
So someone who busted their ass for 25 years and still drags their ass out of bed to go to a job and makes $200K is "rich"?

If you ever get there, which I doubt with your loser attitude, you'll find that you have a skewed sense of reality.

Since: Mar 11

St. Croix valley

#119 Mar 4, 2013
Ohwell wrote:
<quoted text> What are you babbling about now? If you don't have the common sense to think, there is nothing more to say. Let me draw you a picture.
A family with a $200,000 net income could in fact afford to purchase a million dollar home with $600,000 down- especially in those crazy days a few years back. Low interest rates and accessible credit kept the market going as long as it did. People were flipping their homes and making money hand over fist. They were bringing huge amounts of cash to the closing table. So when the million dollar home assesses for 1.8, the tax bill jumps to about $30,000. I'm sorry you are not bright enough to do the math on your own.
Now that the luxury home market has dried up, property values have fallen hard. In some cases, the values have fallen below the equity. In many cases, the assessed values homeowners are getting taxed on, is higher than what the house is actually worth. The 'rich' have lost billions in this economy and yet this scumbag prez wants to tax them more.
Oh for god's sake, dude, give it up! you pulled something out of your ass and it was incorrect, just admit it. it really wasn't a big deal until that stick up your butt wouldn't let you admit it was wrong...

you're looking more foolish trying to cover your ass thatn you did making the stupid comment.

what a tool!
Say the Truth

Lansdale, PA

#120 Mar 4, 2013
Ohwell wrote:
<quoted text> Thank you for proving my point.$200,000 is middle to upper middle class...
Really depends upon where one lives. 200K in most large metro areas is getting by more or less comfortably, certainly not extravegently, but the progressive tax system is designed to restrict the number of people who may accumulate any real wealth, even at that income level.

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