RkFast Posted September 18, 2012 Share Posted September 18, 2012 Ohhhhh....a new video! Link to comment Share on other sites More sharing options...
DC Tom Posted September 18, 2012 Share Posted September 18, 2012 Tom, I lived next door to a white couple sucking off of welfare in 1980 and I knew a lot of other white trash in the area of Goodman and Norton Streets. I'm sure not much has changed. the Lazy bastards will suck off the gov't any way they can. A letter to Myth http://ireport.cnn.c...43112?hpt=hp_t1 Jesus, you're an idiot. Let me spell it out for you: People defraud the government, but the most visible fraud is black, and that is Barack Obama. (Yes, that was needlessly harsh. But I've never exactly been shy about picking the low-hanging cheap shot.) And most of the welfare cheats I know are white, too - all of them, in fact. But then, most of the blacks I know, I know in a professional setting (i.e. they're working), AND they're immigrants, so they tend to have a lot more pride and self-respect than your average American. Link to comment Share on other sites More sharing options...
RkFast Posted September 18, 2012 Share Posted September 18, 2012 (edited) Middle income = $200K WTF? both of them are out of touch. how many of you earn over $100K?? Hell Rochester's inclome is way less than that. Estimated median household income in 2009: $30,553 (it was $27,123 in 2000) Rochester: $30,553 New York: $54,659 Estimated per capita income in 2009: $18,886 Read more: http://www.city-data...l#ixzz26qxLAiEa Alaska has the fourteenth highest per capita income in the United States of America, at $22,660 (2000). Its personal per capita income is $33,568 (2003), the twelfth highest in the country. Its median household income is $51,571 http://en.wikipedia....r_capita_income Oh for the unemployed -- Kohl's to hire more than 50,000 NEW YORK (CNNMoney) -- Kohl's Department Stores seems to have high hopes for the upcoming holiday shopping season. The retail chain unveiled plans on Tuesday to hire 52,700 seasonal workers this year. That's a 10% jump in seasonal hiring compared to last year. Where I live and where many other do too, $200K household income is FIRMLY "middle class." It gets you about 1500-2000 square feet on a 100x60 lot with two cars@30K each in the driveway, money for yearly vacations and enough to SAVE to put 2-4 kids through college. Nice life....but HARDLY one of "wealth." Your argument doesnt make sense becuase you picked Rochester and.....Alaska to make your point? Edited September 18, 2012 by RkFast Link to comment Share on other sites More sharing options...
DC Tom Posted September 18, 2012 Share Posted September 18, 2012 http://www.mindingthecampus.com/originals/2012/05/how_academics_concocted_a_new_middle_class.html Interesting article on the definition of "middle class". I don't agree with it...but it is, at the least, thought-provoking (so BF4E, you needn't read it.) Link to comment Share on other sites More sharing options...
birdog1960 Posted September 18, 2012 Share Posted September 18, 2012 Where I live and where many other do too, $200K household income is FIRMLY "middle class." It gets you about 1500-2000 square feet on a 100x60 lot with two cars@30K each in the driveway, money for yearly vacations and enough to SAVE to put 2-4 kids through college. Nice life....but HARDLY one of "wealth." Your argument doesnt make sense becuase you picked Rochester and.....Alaska to make your point? so if somebody making 200k lives a "normal" but far from opulent american life and the median household income is 1/4 of that, isn't it reasonable that those around the median or below it pay no or little income tax (ie the 47%)? not even obama is talking about increasing taxes on any of these households. and doesn't it follow that it makes more sense to receive more tax revenue from the truly wealthy as obama is arguing for? Link to comment Share on other sites More sharing options...
meazza Posted September 18, 2012 Share Posted September 18, 2012 so if somebody making 200k lives a "normal" but far from opulent american life and the median household income is 1/4 of that, isn't it reasonable that those around the median or below it pay no or little income tax (ie the 47%)? not even obama is talking about increasing taxes on any of these households. and doesn't it follow that it makes more sense to receive more tax revenue from the truly wealthy as obama is arguing for? Of course it does but it eventually ends up working against you. No one is arguing that these people can't pay more (I'm not anyway) but the burden almost always ends up being shifted onto the tax payers that don't have the ability to shift their investments/income to less taxable alternatives. Link to comment Share on other sites More sharing options...
RkFast Posted September 18, 2012 Share Posted September 18, 2012 so if somebody making 200k lives a "normal" but far from opulent american life and the median household income is 1/4 of that, isn't it reasonable that those around the median or below it pay no or little income tax (ie the 47%)? not even obama is talking about increasing taxes on any of these households. and doesn't it follow that it makes more sense to receive more tax revenue from the truly wealthy as obama is arguing for? Whats the rationale for those making media income, by the numbers, NOT kicking in something in income tax? Cant those folks contriubute just a bit? Link to comment Share on other sites More sharing options...
birdog1960 Posted September 18, 2012 Share Posted September 18, 2012 Of course it does but it eventually ends up working against you. No one is arguing that these people can't pay more (I'm not anyway) but the burden almost always ends up being shifted onto the tax payers that don't have the ability to shift their investments/income to less taxable alternatives. no argument here. tax laws favor the truly wealthy, like romney. who's more likely to change that as president? Link to comment Share on other sites More sharing options...
meazza Posted September 18, 2012 Share Posted September 18, 2012 no argument here. tax laws favor the truly wealthy, like romney. who's more likely to change that as president? It's not about tax laws. Unless you show up at the persons door and reclaim their wealth, they will make the necessary steps to reduce their tax liability. As I have already stated, I live in the province that has the highest taxes but yet manages to collect the lowest revenues because wealth is driven away. Link to comment Share on other sites More sharing options...
RkFast Posted September 18, 2012 Share Posted September 18, 2012 no argument here. tax laws favor the truly wealthy, like romney. who's more likely to change that as president? Please explain how tax laws "favor the wealthy." Link to comment Share on other sites More sharing options...
birdog1960 Posted September 18, 2012 Share Posted September 18, 2012 how is it that romney paid, what was it 12% or something on the tax return he made public? we can start with capital gains taxes. then move to loopholes for offshore accounts and investments, or just move to a blanket statement on moving income to less taxable investments as meazza said. get rid of these possibilities and they'll pay much more. hell, i'm all for a flat tax if the threshold allows for people in the bottom 50% to make ends meet. but it's not required. how bout a minimum percentage of all income on anyone making over 250k. those in the 250 - 500k range would probably not see much increase. people like romney would see a marked increase, as they should. but no, he's written off the bottom 47% before the election and is pandering to folks just like him. ya think that'll change if he wins? Link to comment Share on other sites More sharing options...
Gary M Posted September 18, 2012 Share Posted September 18, 2012 no argument here. tax laws favor the truly wealthy, like romney. who's more likely to change that as president? Why didn't Obama change that when they had control of the house and senate? Link to comment Share on other sites More sharing options...
meazza Posted September 18, 2012 Share Posted September 18, 2012 how is it that romney paid, what was it 12% or something on the tax return he made public? we can start with capital gains taxes. then move to loopholes for offshore accounts and investments, or just move to a blanket statement on moving income to less taxable investments as meazza said. get rid of these possibilities and they'll pay much more. hell, i'm all for a flat tax if the threshold allows for people in the bottom 50% to make ends meet. but it's not required. how bout a minimum percentage of all income on anyone making over 250k. those in the 250 - 500k range would probably not see much increase. people like romney would see a marked increase, as they should. but no, he's written off the bottom 47% before the election and is pandering to folks just like him. ya think that'll change if he wins? That's not what I said. You don't even know how to !@#$ing read. Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted September 18, 2012 Share Posted September 18, 2012 how is it that romney paid, what was it 12% or something on the tax return he made public? we can start with capital gains taxes. then move to loopholes for offshore accounts and investments, or just move to a blanket statement on moving income to less taxable investments as meazza said. get rid of these possibilities and they'll pay much more. hell, i'm all for a flat tax if the threshold allows for people in the bottom 50% to make ends meet. but it's not required. how bout a minimum percentage of all income on anyone making over 250k. those in the 250 - 500k range would probably not see much increase. people like romney would see a marked increase, as they should. but no, he's written off the bottom 47% before the election and is pandering to folks just like him. ya think that'll change if he wins? You really can't think of a compelling reason to tax dividends and capital gains at a different rate than income? Link to comment Share on other sites More sharing options...
birdog1960 Posted September 18, 2012 Share Posted September 18, 2012 (edited) You really can't think of a compelling reason to tax dividends and capital gains at a different rate than income? so they raise cap gains and dividends and people stop investing entirely? they put there money in the safes in their mansions and let inflation eat away at it? don't think so. does history bear this out with previous increases in taxes on these? and if they do, does the bottom 50%'s lot worsen? trickle down has been conclusively disproven. it doesn't work. and as we all agree, the country is broke. we need them to pay at least what somebody making 200k is as a percentage of income and i would argue, more.the casino that is the stock market is working mostly only for these very few anyhow. the world economy is in shambles and even some hard core cons here are calling for global economic collapse in the next 10 years. would higher cap gains and dividend taxes lead to a worse outcome than that? Edited September 18, 2012 by birdog1960 Link to comment Share on other sites More sharing options...
meazza Posted September 18, 2012 Share Posted September 18, 2012 so they raise cap gains and dividends and people stop investing entirely? they put there money in the safes in their mansions and let inflation eat away at it? don't think so. does history bear this out with previous increases in taxes on these? and if they do, does the bottom 50%'s lot worsen? trickle down has been conclusively disproven. it doesn't work. and as we all agree, the country is broke. we need them to pay at least what somebody making 200k is as a percentage of income and i would argue, more.the casino that is the stock market is working mostly only for these very few anyhow. the world economy is in shambles and even some hard core cons here are calling for global economic collapse in the last 10 years. would higher cap gains and dividend taxes lead to a worse outcome than that? The tax rate on my dividends and capital gains is higher than yours. I invest all my money in tax deferred accounts and voila, I have just lowered my current tax liability. Link to comment Share on other sites More sharing options...
DC Tom Posted September 18, 2012 Share Posted September 18, 2012 so they raise cap gains and dividends and people stop investing entirely? they put there money in the safes in their mansions and let inflation eat away at it? don't think so. does history bear this out with previous increases in taxes on these? and if they do, does the bottom 50%'s lot worsen? trickle down has been conclusively disproven. it doesn't work. and as we all agree, the country is broke. we need them to pay at least what somebody making 200k is as a percentage of income and i would argue, more.the casino that is the stock market is working mostly only for these very few anyhow. the world economy is in shambles and even some hard core cons here are calling for global economic collapse in the last 10 years. would higher cap gains and dividend taxes lead to a worse outcome than that? What do you think has been driving the stock market the past many, many years? And what do you think happens to people's retirement funds when investment slows? Capital gains taxes will ultimately hurt the working class more than the rich. Link to comment Share on other sites More sharing options...
birdog1960 Posted September 18, 2012 Share Posted September 18, 2012 The tax rate on my dividends and capital gains is higher than yours. I invest all my money in tax deferred accounts and voila, I have just lowered my current tax liability. so you abolish most tax deferred accounts especially those that primarily benefit the very wealthy. Link to comment Share on other sites More sharing options...
meazza Posted September 18, 2012 Share Posted September 18, 2012 so you abolish most tax deferred accounts especially those that primarily benefit the very wealthy. Link to comment Share on other sites More sharing options...
DC Tom Posted September 18, 2012 Share Posted September 18, 2012 so you abolish most tax deferred accounts especially those that primarily benefit the very wealthy. Get rid of 529s, 401ks, IRAs...that'll really put the middle class on top and show those rich bastards what's what! Link to comment Share on other sites More sharing options...
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