The topic was Federal Income Tax.

HockeyDad wrote:

not to mention, The cost of preparing for each audit was about $5k each,,,

wheelrite wrote:

Btw,

Fuzz and Brewha,,

you do realize Obama is proposimg eliminating your Mortagage Interst deduction and Fuzz,your State income Tax deduction too.

wheelrite wrote:

My point is Our resident Bleeding Hearts think it's not about them..

wheelrite wrote:

You made the assumption that they own a home and pay state income taxes.

HockeyDad wrote:

Actually I think that 47% of households don't pay Federal Income Tax is an IRS published statistic.

You're trying to blur it with talk of property and sales taxes that some little old lady pays.

Why should a disabled vet or a little old lady or kids whose parents were killed not have to pay their fair share of taxes?

HockeyDad wrote:

I'm quite aware of that. By just using Federal Income Tax though it skews the overall tax burden results, something those on the right are doing in an attempt to make a political point rather than a sound fiscal policy suggestion.

FuzzNJ wrote:

Your preferred method of achieving equity and balance is to use punishment. You just don't want to call it that because it makes you look like a greedy baztard.

HockeyDad wrote:

Social Security is already Taxed and Clinton increased that Tax.

wheelrite wrote:

A College loan is just that a loan,pay it back...

wheelrite wrote:

Billionaires have already payed income tax on the money they've invested.That's why they pay Cap Gains...

wheelrite wrote:

Which poor person employs you ?

wheelrite wrote:

You can't bring up 'fair' if you don't believe in the concept. Besides what would be fair for a person on a limited income above and beyond the other taxes they are responsible for? Let's say they take in 15k a year in a fixed income. What you are advocating is taking more from that person who is barely making it while not asking someone who takes in 1000% more.

FuzzNJ wrote:

well that's where we differ,,
I believe that the Majority of people are honest.

wheelrite wrote:

Yes, capital gains at a rate of 15%, not the 35+ that other income is taxed at. Sure, they paid taxes on the money they invested, why should the money earned from that investment be taxed at a lower rate. It's still income.

FuzzNJ wrote:

The longer this lasts, the more obvious it is that OWS simply wants the governement to take care of them.

tailgater wrote:

Punishment = paying taxes.
Oh – now I see the “point”.

And that would be "godless, greedy baztard". (just helpin ya out).

It is a privilege for an American to support his country. That’s why so many serve and give their lives. It is sad that you see people doing their part as punishment.

Brewha wrote:

Rich, upper class, middle class, lower class have no actual definition. The best you can go off is IRS and Census statistics.

Occupy Wall Street talks about the evil top 1%. Those evil doers are households making more than $380K.

HockeyDad wrote:

A lot of people who think they are middle class are easily top 20% or even top 10%.

HockeyDad wrote:

Perhaps I'll rewrite in terms you can understand.

The US fairs the successful.

HockeyDad wrote:

Your preferred method of achieving equity and balance is to use punishment. You just don't want to call it that because it makes you look like a greedy baztard.

HockeyDad wrote:

Lets leave the business owners and CEO's out of it for a minute.

Equity and balance or punishment?

Three guys work for the same company, all on the books, none of them is the owner.

One guy works in an entry level position in the whse and makes $26k a year. On that he is taxed about 19% and at the end of the year he gets a couple of hundred bucks refund.
The next guy is his department supervisor and makes $52k a year. On that he is taxed about 25% and at the end of the year pretty much breaks even.
The next guy is the Director that has responsibility for that dept among others and makes $110k a year. On that he is taxed about 32% and at the end of the year owes a few grand.


No matter how you view it - by total dollar amount, by percentage, - the more succesful you are the more you pay.

MikeyRavioli wrote:

The US has the most millionaires, over 5,000,000 of them. We also have the most billionaires. Corporate profits have never been higher.

Yes, they are so severely punished, how will they ever survive.

FuzzNJ wrote: