Originally Posted by Shotsie (Post 18439571)

A CEO or a business manager is considered good at what he does when he can extract the maximum amount of work for the minimum amount of compensation from his workers. When workers mirror this by forming unions to extract the maximum amount of compensation for the minimum amount of work, they're considered lazy parasites.

Originally Posted by Mutt (Post 18439568)

Americans making between 100-200K only pay 16.3% income tax? do Americans pay state income tax seperately? How much would that add to the %?

Canadians in that income bracket are in the mid 30% combining federal and provincial income tax.

Originally Posted by Mutt (Post 18439568)

Americans making between 100-200K only pay 16.3% income tax? do Americans pay state income tax seperately? How much would that add to the %?

Canadians in that income bracket are in the mid 30% combining federal and provincial income tax.

Originally Posted by tony286 (Post 18439229)

you can cut taxes to negative numbers, first its demand that creates jobs not lowering taxes and secondly 30 cents an hour is 30 cents an hour.
I have a pizzeria and I sell 1000 pizza's a week and my staff covers that. Im not adding more people no matter howlow my taxes are lowered. Now it booms to 3000 a pizzas a week. Im hiring more people if they raise my taxers or not if I want to stay in business.

Originally Posted by Mutt (Post 18439568)

Americans making between 100-200K only pay 16.3% income tax? do Americans pay state income tax seperately? How much would that add to the %?

Canadians in that income bracket are in the mid 30% combining federal and provincial income tax.

Originally Posted by Mutt (Post 18439568)

Americans making between 100-200K only pay 16.3% income tax? do Americans pay state income tax seperately? How much would that add to the %?

Canadians in that income bracket are in the mid 30% combining federal and provincial income tax.

Originally Posted by sperbonzo (Post 18439340)

Actually that link is direct from the IRS.gov.... Then again, probably can't trust them either!

http://www.irs.gov/pub/irs-soi/09in11si.xls


.:1orglaugh


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Originally Posted by Mutt (Post 18439643)

Canadian earning 100K pays 27% average tax rate for federal/provincial combined income tax. Canadian earning 200K pays 36%.

Robbie we have all those taxes and more. And yes, the no state tax states kill you with insane property taxes and other user taxes. Money has to come from somewhere.

The one thing the US doesn't have is a national sales tax - it's inevitable that one day it will happen. Even the Democrats won't mention it now because it's political suicide.

Originally Posted by Minte (Post 18439522)

I will accept your figures as fact. That being said. It's not difficult to do the math. Top 400 x an additional $2m in tax = less than 1 billion dollars. at that rate it will take 1000 years to recover one trillion dollars.

Originally Posted by Robbie (Post 18439589)

I pay taxes every time I turn around. It's outrageous in my opinion.

First the feds take it in income tax. And don't forget if I make the mistake of hiring employees, then I have to pay matching funds for their social security (govt. double dipping)
Then if I invest my money I earned, they tax it again as capital gains. Then I go to put overpriced gasoline in my car and pay a shitload of taxes on that. I moved to Las Vegas because Nevada doesn't have a state income tax...but they more than make up with it in sales tax and "fees" for everything. Registering my cars costs a few thousand dollars.
Owning my own home costs me a nice hefty property tax.
The city gets it's money out of me. And so does the county.

If I could sit down and accurately figure out how much of every dollar that a local, state, or federal govt. takes from me...I'd probably only end up with pennies out of every dollar that I EARNED.

I capitalized the word "earned" because the different taxes from local, state, and fed just take it from me like it belongs to them. :(

EDIT: Oh yeah...and when I die? I can't leave it all to my daughters. The good old "Death Tax" is always around the corner so the govt. can swoop in and steal everything you built.

Originally Posted by nation-x (Post 18439326)

I listened to an interview with Michelle Bachmann yesterday. I can't stand that chick but she made a very valid point... the government assumes they own all of your money and just decides how much you get to keep.

Here is a sad fact... it doesn't matter who is in power... they will raise taxes when they need money to pay their rich buddies for no-bid contracts.

Originally Posted by Just Alex (Post 18439677)

Sweet Jesus, page two and no 12clicks ?

Originally Posted by PornoMonster (Post 18439646)

is that 100K adjusted after deductions or just the amount that was made?

Originally Posted by Sly (Post 18439208)

Some interesting information.

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The data tell a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.

[/url]

Originally Posted by crockett (Post 18439758)

They pay a higher tax rate as a group but they get more deductions bringing that tax rate down lower than what the average middle class person pays. Oh and they make it sound odd that someone whom makes a million dollars a year pays a larger share than someone making 50k year.

The article is stupid, because it try to skew the facts for headlines. The simplest way to fix these issues is to have a straight flat tax but you damn sure know anyone making a lot of money will never want that because they know they wouldn't get those deductions.

Que that moron that shits quarters out his ass.

Originally Posted by Minte (Post 18439248)

Then maybe it would make sense to STOP spending at the rate this administration is spending. TAX & SPEND has always been the mantra of the democrats. Why is that?

Originally Posted by Sly (Post 18439766)

What tax deductions is a guy with a $500,000 salary getting that brings him down to a $50,000 taxable rate? Those sound like sweet deductions.

Originally Posted by Mutt (Post 18439643)

Canadian earning 100K pays 27% average tax rate for federal/provincial combined income tax. Canadian earning 200K pays 36%.

Robbie we have all those taxes and more. And yes, the no state tax states kill you with insane property taxes and other user taxes. Money has to come from somewhere.

The one thing the US doesn't have is a national sales tax - it's inevitable that one day it will happen. Even the Democrats won't mention it now because it's political suicide.

Originally Posted by crockett (Post 18439773)

Umm did you also complain about the rates that both Bush's & Regan spent at? They created some of largest debit this country has ever seen.

If you are going to complain about this admin, how about being consistent and complain about your own Republican boys that did just as much or worse. This isn't just a one sided issue as both parties are to blame for spending too much. As long as people continue to play politics with the issue it will never be stopped.

Originally Posted by PornoMonster (Post 18439789)

Where does Canada Spend all this tax money then???

Originally Posted by Relentless (Post 18439656)

Actually it works out to substantially more money if implemented correctly because there are many people collecting substantial incomes at little or no tax rate but making much less than the 8M per year. The so called 'idle rich' who have inherited very large sums of money and earn income on it at extremely low or no tax rate. 100M inherited and invested at a 2% rate of return on tax free municipal bonds is 2M per year income, but taxed very differently from 2M earned by someone who worked for it as payroll in the same year.

I do not believe improving the fairness of an inherently broken tax system is a long term solution to either our financial problems or our ethical problems. However, I also do not see how making these change can be anything but a positive step forward on the revenue side of the equation. We aren't talking about raising any tax brackets, we are talking about making sure the people already in a given tax bracket are paying the amount that everyone else in their bracket is paying. Earning 2M should not be taxed more than investing 100M and taking home the same 2M amount.



I do not think a 'moderate spending package' is a solution on the spending side any more than a 'moderate tax system change' would be effective on the revenue side. We need massive overhauls on both sides. The amount we spend should be reduced, but how we spend needs to be completely revamped.

We currently fund a 1980s style military industrial complex for no reason, we fund farm subsidies and destroy crops to provide 'price support' rather than using that food to feed poor people and meanwhile 15% of our population is on food stamps, we give huge subsidies to oil companies that are already generating record profits, and we pay more for poor health care than any other country on the planet.

I believe the solutions on the spending side are just as inevitable as they are on the revenue side of the equation. We are heading to some kind of single payer healthcare system for all basic medical care. We will soon have completely subsidized college educations and technical schools that are basically grades 13-15 for people who can not afford private colleges. We will rebuild our infrastructure to include high speed rail, national wifi, new bridges and a smarter power grid.

Those things will have HUGE costs. The money will come from finally dropping many of the expenses that are used to generate profits for private companies. The only question is when, and that will be determined by how long it takes for bankers and oilmen to tilt the standard of living far enough in their direction to anger enough of the 300M citizens in this country to take to the streets. If you think predictions of riots are premature or childish, make note of the fact that Mike Bloomberg recently predicted the same thing if unemployment continues at its current pace.

Mass poverty is bad for the poor, but historically its much much worse for the rich. The wealthy make out just fine no matter how everyone else is doing. :2 cents:

Originally Posted by PornoMonster (Post 18439789)

Where does Canada Spend all this tax money then???

Originally Posted by Minte (Post 18439794)

I am in business for many years. Do you actually think there has been a time when I was happy paying out as much as I do every year? As it is, Obama is the president. Not Reagan or Bush. And to answer your question. They all spend/waste to damn much of OUR money.

Originally Posted by marketsmart (Post 18439811)

canadians are some of the dumbest people in the world due to all the inbreeding....




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Originally Posted by crockett (Post 18439838)

Well then see that's the problem then not just this administration, but the govt is broken as a whole. Both sides spend too much of our damn money, but as long as people still go to the voting both and vote for one party or another just because they are Republican or Democrat then nothing will change.

Originally Posted by porno jew (Post 18439843)

manitoba is not canada.

Originally Posted by JP-pornshooter (Post 18439870)

people are on foodstamps because they cant function properly in society, not because there is a food shortage.
bringing up these kinds of arguments always ruins it.

Originally Posted by marketsmart (Post 18439848)

i have been preaching this for the last few years...

doesnt matter which party is in office and/or controls congress, its all the same non sense..



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Originally Posted by marketsmart (Post 18439891)

there are people on foodstamps because they have been out of work for the last year or two and not by choice.. of course that is not the majority of people on foodstams, but i believe its one of the few circumstances where foodstamps should be given..




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Originally Posted by gleem (Post 18439920)

So what are you gonna do about it all... vote teabaggers in, no spending, no tax increases but there will be an all out war against porn, back to Reagan-esque porn shop shutdowns and prosecutions, Christians running wild. Vote the liberaltardos in and we will all go broke but at least porn will still be around, but free prolly.

Good luck America, you need it.


P.S. Flat tax all sounds nice, but the middle/lower class still gets fucked. I liked Herman Cain's 9/9/9 plan (9 percent sales tax, 9 percent income tax and a 9 percent corporate tax) except that 9 percent sales tax will excessively burden the poor since paying 9% extra for their stuff has alot more impact than what 9% sales tax on the rich will have.

Originally Posted by Minte (Post 18439899)

However, this is the first time in history the US has been downgraded on it's credit rating and things aren't improving fast enough. The alternative to finding a solution is getting more dangerous. Taking more from people who create jobs is not going to pass. So it's this administration playing brinksmanship politics now. And if there is a reason I dislike this group that is it.

They came out of the gate holding all the cards and all they did was galvanize the country with healthcare issues. From that point on, Obama has been under seige and it's not going to change.

Originally Posted by mynameisjim (Post 18439960)

Over the past decade, the average American has seen their standard of living stagnate or decrease while the wealthy have seen their lifestyles increase at an accelerated rate. The wealthy have made those gains AT THE EXPENSE of the average American. By outsourcing jobs in order to lower costs, investing in emerging markets instead of investing in America, and gambling on risky financial products which caused a collapse in both the housing and stock markets which wiped out the Average American's 401k plan and any equity they had in their homes.

So this isn't about simple math and graphs. It's about the wealthy making money at the expense of the average American.