ScotSHO Posted April 12, 2024 Posted April 12, 2024 (edited) 1 hour ago, L Ron Burgundy said: I'm referring to the rich who get away with paying a much lower % of their income via taxes. Do you feel it's fair for a billionaire to pay a lower % than middle class people? I'm definitely not a fan. I definitely don't see the relation to liberty either but I'm multi-tasking so maybe I'm off base. You tell me. America’s upper-income-tax rates currently are the same as international norms, and the pre-1960s income tax rates exceeding 90% raised little additional tax revenue. But surely cutting spending would be dumb - eat the rich! Please note I am not rich, so you can't eat me. Bart Simpson did say "eat my shorts", but I am not 100% sure of the implications of that statement. I don't recommend it. Edited April 12, 2024 by ScotSHO 1
Pokebball Posted April 12, 2024 Posted April 12, 2024 (edited) 1 hour ago, L Ron Burgundy said: I'm referring to the rich who get away with paying a much lower % of their income via taxes. Do you feel it's fair for a billionaire to pay a lower % than middle class people? I'm definitely not a fan. I definitely don't see the relation to liberty either but I'm multi-tasking so maybe I'm off base. You tell me. Income tax is based on two basic factors, (1) taxable income and (2) tax rate. The tax rate is progressive, so as your taxable income increases, the rate increases. The entire US population is subject to the same tax rate table. You earn a billion dollars you are in, without any doubt whatsoever, the highest tax bracket and you'll pay a shytload of taxes. Now the term "billionaire" is normally associated with wealth, not income. But let's continue along this hypothetical conversation. You earn a billion dollars in year 01 and you pay a shytload of taxes in year 01. You put the net under your mattress. In year 02 you don't earn a wooden nickle. You're still a billionaire, but you're not paying any taxes. It is very possible for a billionaire to have a taxable loss in any given tax year. So, to answer your question, whether I think it's fair in any given year, or even in successive years? Of course. It makes complete and total sense to anyone that understands and can read through the media's attempts of playing gotcha. Edited April 12, 2024 by Pokebball 1
Irv Posted April 12, 2024 Posted April 12, 2024 3 hours ago, wnyguy said: Your name is Irv yet your pic is Clip. What's up with that? That’s none of your business and you wouldn’t be able to comprehend it if I told you. Stay in your lane like I told you son.
L Ron Burgundy Posted April 13, 2024 Posted April 13, 2024 1 hour ago, Pokebball said: Income tax is based on two basic factors, (1) taxable income and (2) tax rate. The tax rate is progressive, so as your taxable income increases, the rate increases. The entire US population is subject to the same tax rate table. You earn a billion dollars you are in, without any doubt whatsoever, the highest tax bracket and you'll pay a shytload of taxes. Now the term "billionaire" is normally associated with wealth, not income. But let's continue along this hypothetical conversation. You earn a billion dollars in year 01 and you pay a shytload of taxes in year 01. You put the net under your mattress. In year 02 you don't earn a wooden nickle. You're still a billionaire, but you're not paying any taxes. It is very possible for a billionaire to have a taxable loss in any given tax year. So, to answer your question, whether I think it's fair in any given year, or even in successive years? Of course. It makes complete and total sense to anyone that understands and can read through the media's attempts of playing gotcha. Are we really going to pretend the wealthy don't exploit the system? Often it's done legally because they donate money to influence policy leaving massive loopholes. Your reply makes me believe you know this and are conveniently forgetting. The famous example comes to mind of Warren Buffet paying a lower effective rate than his secretary.
reddogblitz Posted April 13, 2024 Posted April 13, 2024 54 minutes ago, L Ron Burgundy said: Are we really going to pretend the wealthy don't exploit the system? Often it's done legally because they donate money to influence policy leaving massive loopholes. Your reply makes me believe you know this and are conveniently forgetting. The famous example comes to mind of Warren Buffet paying a lower effective rate than his secretary. If these people are not breaking the law then the problem is not those rich snobs but bad laws. I hear Senators Sanders and Warren and others complaining about this. You have the power. Do something about it. But since the politicians have to take money from these rich people to get elected, these are the kind of laws we get. 1
Tommy Callahan Posted April 13, 2024 Posted April 13, 2024 Esg and net zero need to go, this dude is big mad.
T&C Posted April 25, 2024 Author Posted April 25, 2024 Weinstein verdict overturned... https://baynews9.com/fl/tampa/news/2024/04/25/ny-appeals-court-overturns-harvey-weinstein-s-2020-rape-conviction
Doc Posted April 25, 2024 Posted April 25, 2024 12 minutes ago, T&C said: Weinstein verdict overturned... https://baynews9.com/fl/tampa/news/2024/04/25/ny-appeals-court-overturns-harvey-weinstein-s-2020-rape-conviction Should do the same for EJC's verdict then, right? 1
The Frankish Reich Posted April 25, 2024 Posted April 25, 2024 2 minutes ago, Doc said: Should do the same for EJC's verdict then, right? No. Because that was a civil judgment, not a criminal conviction.
ChiGoose Posted April 29, 2024 Posted April 29, 2024 19 minutes ago, B-Man said: . That Trump won in 2020. Unbelievably dumb thing that a lot of dumb people believe.
Tommy Callahan Posted April 29, 2024 Posted April 29, 2024 9 hours ago, ChiGoose said: That Trump won in 2020. Unbelievably dumb thing that a lot of dumb people believe. 81 million Biden voters very quiet or died off decades ago.
ScotSHO Posted April 29, 2024 Posted April 29, 2024 On 4/13/2024 at 9:09 AM, ChiGoose said: 🤔 "strong SOTU" and "Swifty winning the SB" What kind of groomed house pet wrote this? And those graphs look like ass.
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