Tax Rates

[Sunny Day]

Doesn't matter if NYC has a 50% tax rate on the rich.

Tax rates mean nothing, IT'S THE RATE YOU PAY!

http://nymag.com/daily/intel/2012/01...-tax-rate.html

Romney pays 15% on millions of dollars in income.

1-capital gains
2-business deductions

Any fool who pays 50% of income in NYC is a professional sports athlete who has his brother-in-law as his agent. And his agent is stealing most of the money, before taxes.

Oh yeah, 12clicks before you call me "Son" again, I'm at least 2X your age. Seen all this shit every decade repeat it's self. Quit listening to Rush. That EIB Network is his tax dodge to hide his millions from tax.

[Operator]

Fuck taxes

[a.miles]

It's the same around the world, only the middle class pays the taxes... The poor don't (by default) and the rich have the system designed in their favour.
It's either you keep complaining about it... in vain
Or try to become rich

[Operator]

Fuck taxes

[sperbonzo]

You do realize that you pay all the income tax on your income, and then you pay 15% again on any profit that you make if you invest that already taxed income and your gamble pays off? Why would people invest their money, so that they can pay double the taxes IF the gamble pays? You are saying that you should be taxed when you make money, and then if you invest it?


You do realize that already, you pay when you make the money, you pay when you spend the money, you pay if you invest the money and manage to make a profit, you pay when you give the money to someone else, and you pay if you want to leave it to your kids. On average, by the time your kids get the money you left them, the government has gotten over 85% of what you earned.

Does it somehow seem unfair, if you get to the level where your investments are most of your income? It seems that way. But then again, you have the chance to lose it all if your investments go south.

Watch investments dry up if they start taxing investment income at the same rate as earned income. And without capital investment, watch even MORE business move overseas where they can get the capital that they need.

Seriously, this is basic economics.


.

[machinegunkelly]

Originally Posted by Sunny Day

I'm at least 2X your age.

hmm ... you're 100?

[Operator]

http://ROLEtube.com

[12clicks]

Originally Posted by sperbonzo

You do realize that you pay all the income tax on your income, and then you pay 15% again on any profit that you make if you invest that already taxed income and your gamble pays off? Why would people invest their money, so that they can pay double the taxes IF the gamble pays? You are saying that you should be taxed when you make money, and then if you invest it?


You do realize that already, you pay when you make the money, you pay when you spend the money, you pay if you invest the money and manage to make a profit, you pay when you give the money to someone else, and you pay if you want to leave it to your kids. On average, by the time your kids get the money you left them, the government has gotten over 85% of what you earned.

Does it somehow seem unfair, if you get to the level where your investments are most of your income? It seems that way. But then again, you have the chance to lose it all if your investments go south.

Watch investments dry up if they start taxing investment income at the same rate as earned income. And without capital investment, watch even MORE business move overseas where they can get the capital that they need.

Seriously, this is basic economics.


.

pearls before swine, Michael.