Tax Rates

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  • Sunny Day
    Confirmed User
    • Dec 2010
    • 1406
    #1

    Tax Rates

    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.
    Tags: None
    • Operator
      So Fucking Banned
      • May 2009
      • 2419
      #2
      Fuck taxes

        Comment

        • a.miles
          Confirmed User
          • Feb 2011
          • 114
          #3
          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

            Comment

            • Operator
              So Fucking Banned
              • May 2009
              • 2419
              #4
              Fuck taxes

                Comment

                • sperbonzo
                  I'd rather be on my boat.
                  • May 2003
                  • 9750
                  #5
                  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.


                  .
                  Last edited by sperbonzo; 01-18-2012, 02:01 PM.
                  Michael Sperber / Acella Financial LLC/ Online Payment Processing

                  [email protected] / http://Acellafinancial.com/

                  ICQ 177961090 / Tel +1 909 NET BILL / Skype msperber

                    Comment

                    • machinegunkelly
                      Confirmed User
                      • Jun 2003
                      • 3304
                      #6
                      Originally posted by Sunny Day
                      I'm at least 2X your age.
                      hmm ... you're 100?
                      dead.

                        Comment

                        • Operator
                          So Fucking Banned
                          • May 2009
                          • 2419
                          #7
                          http://ROLEtube.com

                            Comment

                            • 12clicks
                              Too lazy to set a custom title
                              • Jan 2001
                              • 19813
                              #8
                              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.
                              I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

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