Originally Posted by 12clicks

no, sorry. lemmings are easily replaced by the very next guy in line. People who create multi-million dollar businesses and hire employees, are way more important. Without them, the lemmings would just run in circles waiting to be lead.


as I've already sited the CBO numbers showing you that its already this way, you have no point. Your incessant ramblings about what your betters should pay shows envy, not applause.


again, dear lemming, no one is calling for your betters to pay nothing. We're just pointing out that we already pay enough. You on the other hand, want to lie and say you somehow pay your fair share when that share probably wouldn't pay for a good bottle of wine.


ahhhh, the imaginary "fuck every over" because you've failed where your betters have succeeded.
son, I know its tough for you to watch people pass you by but its just life. We all rise to the heights our intelligence and abilities allow us to. The key is to not fault others for what are merely your own limitations.
success isn't for everyone.

Originally Posted by 12clicks

here, lemming. let me dumb it down for you.
I have EARNED income. that puts me in the top 1% No matter how much I invest, my investment earnings will not overtake the earned income.

I understand that when imagining what your betters are doing, its easy to imagine incorrectly but then, I'm not the one fleeing to canada for that country's handouts.

Originally Posted by Dvae

Originally Posted by Dvae

Originally Posted by TheDoc

Small business provides more jobs than big business and most small business owners are not in the top 1%.

The CBO numbers show you're wrong... that the higher the rate the actual less they pay percentage wise.

No, "they" do not pay enough based on what they take out... you aren't part of them.


It's funny to watch you pretend to be something you're not. Not smart enough to invest more, not smart enough to lower your tax burden... you actually believe it's bullshit, and that's all the proof I need to know you're completely full of shit.

Originally Posted by 12clicks

while we're at it, please explain how democrats have helped small businesses like you.

Originally Posted by Small Business Jobs Act

Extension of Successful SBA Recovery Loan Provisions —Immediately Supporting Loans to Over 1,400 Small Businesses: With funds provided in the bill, SBA will begin funding new Recovery loans within a few days of the President’s signature, starting with the more than 1,400 businesses – with loans totaling more than $730 million – that are waiting in the Recovery Loan Queue. In total, the extension of these provisions provides the capacity to support $14 billion in loans to small businesses. The SBA Recovery loan provisions have already supported $30 billion in lending to over 70,000 small business.

A More Than Doubling of the Maximum Loan Size for The Largest SBA Programs:The bill also increases the maximum loan size for SBA loan programs, which in the coming weeks will allow more small businesses to access more credit to allow them to expand and create new jobs. The bill will permanently raise the maximum size for SBA’s two largest loan programs, increasing the maximum 7(a) and 504 loans from $2 million to $5 million, and the maximum 504 manufacturing related loan from $4 million to $5.5 million. In addition, it will temporarily increase the maximum loan size for SBA Express loans from $350,000 to $1 million, providing greater access to working capital loans that small businesses use to purchase new inventory and take on their next order – allowing them to create new jobs.

A New $30 Billion Small Business Lending Fund:The bill would establish a new $30 billion Small Business Lending Fund which – by providing capital to small banks with incentives to increase small business lending – could support several multiples of that amount in new credit.

An Initiative to Strengthen Innovative State Small Business Programs – Supporting Over $15 Billion in Lending:The bill will support at least $15 billion in small business lending through a new State Small Business Credit Initiative, strengthening state small business programs that leverage private-sector lenders to extend additional credit – many of which have been forced to cut back due to budget cuts.

Eight New Small Business Tax Cuts – Effective Today, Providing Immediate Incentives to Invest: The President had already signed into law eight small business tax cuts, and on Monday, he is signing into law another eight new tax cuts that go into effect immediately.

Zero Taxes on Capital Gains from Key Small Business Investments:Under the Recovery Act, 75 percent of capital gains on key small business investments this year were excluded from taxes. The Small Business Jobs Act temporarily puts in place for the rest of 2010 a provision called for by the President – elimination of all capital gains taxes on these investments if held for five years. Over one million small businesses are eligible to receive investments this year that, if held for five years or longer, could be completely excluded from any capital gains taxation.

Extension and Expansion of Small Businesses’ Ability to Immediately Expense Capital Investments: The bill increases for 2010 and 2011 the amount of investments that businesses would be eligible to immediately write off to $500,000, while raising the level of investments at which the write-off phases out to $2 million. Prior to the passage of the bill, the expensing limit would have been $250,000 this year, and only $25,000 next year. This provision means that 4.5 million small businesses and individuals will be able to make new business investments today and know that they will earn a larger break on their taxes for this year.

Extension of 50% Bonus Depreciation: The bill extends – as the President proposed in his budget – a Recovery Act provision for 50 percent “bonus depreciation” through 2010, providing 2 million businesses, large and small, with the ability to make new investments today and know they can receive a tax cut for this year by accelerating the rate at which they deduct capital expenditures.

A New Deduction of Health Insurance Costs for Self-Employed:The bill allows 2 million self-employed to know that on their taxes for this year, they can get a deduction for the cost of health insurance for themselves and their family members in calculating their self-employment taxes. This provision is estimated to provide over $1.9 billion in tax cuts for these entrepreneurs.

Tax Relief and Simplification for Cell Phone Deductions:The bill changes rules so that the use of cell phones can be deducted without burdensome extra documentation – making it easier for virtually every small business in America to receive deductions that they are entitled to, beginning on their taxes for this year.

An Increase in the Deduction for Entrepreneurs’ Start-Up Expenses:The bill temporarily increases the amount of start-up expenditures entrepreneurs can deduct from their taxes for this year from $5,000 to $10,000 (with a phase-out threshold of $60,000 in expenditures), offering an immediate incentive for someone with a new business idea to invest in starting up a new small business today.

A Five-Year Carryback Of General Business Credits:The bill would allow certain small businesses to “carry back” their general business credits to offset five years of taxes – providing them with a break on their taxes for this year – while also allowing these credits to offset the Alternative Minimum Tax, reducing taxes for these small businesses.

Limitations on Penalties for Errors in Tax Reporting That Disproportionately Affect Small Business:The bill would change, beginning this year, the penalty for failing to report certain tax transactions from a fixed dollar amount – which was criticized for imposing a disproportionately large penalty on small businesses in certain circumstances – to a percentage of the tax benefits from the transaction.

Originally Posted by 12clicks

I love how the bottom wage earners trot out the imaginary tax breaks and good CPA nonsense when talking to their betters.

yes son, we all got the top 1% because you know more than us and our collective CPA firms.

you're an endless source of entertainment.

Originally Posted by 12clicks

as I said, lemming. I know from your perspective, being in the top 1% is like having a billion cajillion dollars but here amongst the successful, its not that big a deal.

oh, and lets rub your nose in the CBO's facts again:

Lowest quintile (23.4 million taxpayers), zero to $18,900: 4.3 percent
Second lowest quintile (22.4 million), $18,900-$32,100: 10.2 percent
Middle quintile (22.9 million), $32,100-$47,400: 14.2 percent
Fourth quintile (23 million), $47,400-$71,200: 17.6 percent
Highest quintile (23.6 million), above $71,200: 25.8 percent
Top 10 percent (12 million), minimum income of $98,100: 27.5 percent
Top 5 percent (5.9 million), minimum income of $134,400: 29 percent
Top 1 percent (1.1 million), minimum income of $332,300: 31.2 percent


while you pay 4.3% I'm paying 31.2% but you argue that I don't pay enough.
its why the rabble are the rabble.

Originally Posted by 12clicks

rabble are the rabble

Originally Posted by 12clicks

the owners of those businesses pay an effective tax rate of 31%

Originally Posted by Squirtit

I
Post links to substantiate your "effective take rate of 31% for American businesses"

Originally Posted by 12clicks

nation-x, please explain how republicans have fucked small business owners like you.

while we're at it, please explain how democrats have helped small businesses like you.

Originally Posted by nation-x

rabble rabble rabble

Originally Posted by 12clicks

question:


answer:



this is what you get when you ask an uneducated liberal a serious question.
This was your opportunity to explain yourself intelligently.
I'm sure you did your best.

Originally Posted by TheDoc

Actually I'm wrong about 12clicks...

What a nice guy to help out us bottom feeders by paying a full 31% of his personal income in taxes. What a guy, what a champ...

While most higher income earners pay less than half of what he does percentage wise, he's the man, he knows what's up, he knows without his help, we would all be fucked.

Amazing business ethics, no wait, personal ethics... truly amazing.

Originally Posted by MisterPeabody

I just incorporated. I have a CPA who is an Economics Professor at Rutgers University. She lectures about this shit all the time.

TheDoc is right, 12Clicks is wrong.

Carry on.

Originally Posted by 12clicks

I guess in idiotville they have their own set of CBO numbers.

Here in the real world, losers run to canada for the free handouts.

Originally Posted by TheDoc

I paid taxes in Canada dip shit.... nothing was free but it damn sure was better.

Originally Posted by TheDoc

Actually I'm wrong about 12clicks...

What a nice guy to help out us bottom feeders by paying a full 31% of his personal income in taxes. What a guy, what a champ...

While most higher income earners pay less than half of what he does percentage wise, he's the man, he knows what's up, he knows without his help, we would all be fucked.

Amazing business ethics, no wait, personal ethics... truly amazing.

Originally Posted by TheDoc

He answered you here..... https://gfy.com/showpost.php?p=18447269&postcount=105

Originally Posted by Mutt

the top 1% of earners in the US quoted earlier in this thread have a minimum income of 332K a year - people making 332-500K a year are lawyers, accountants, consultants, doctors, dentists, veterinarians etc - professionals. you think those people are paying less than half of 31% in personal income taxes? i think you're very wrong for that group.

Originally Posted by Mutt

the top 1% of earners in the US quoted earlier in this thread have a minimum income of 332K a year - people making 332-500K a year are lawyers, accountants, consultants, doctors, dentists, veterinarians etc - professionals. you think those people are paying less than half of 31% in personal income taxes? i think you're very wrong for that group.

Originally Posted by Mutt

the top 1% of earners in the US quoted earlier in this thread have a minimum income of 332K a year - people making 332-500K a year are lawyers, accountants, consultants, doctors, dentists, veterinarians etc - professionals. you think those people are paying less than half of 31% in personal income taxes? i think you're very wrong for that group.

Originally Posted by 12clicks

thanks, I missed it.

so it looks like out of that list, he can take a simplified tax deduction on his cell phone.
nothing else applies to him.

and the republican side is imaginary.

nation-x, there's a reason your past has been so rocky and it has nothing to do with bad luck.

Originally Posted by TheDoc

It's not like you've accepted anything anyone has said, facts or not, proof or not. You are without question a total fake.

Originally Posted by TheDoc

I paid taxes in Canada dip shit.... nothing was free but it damn sure was better.

Originally Posted by tony286

Avg income for a Vet is around 89k a year.

Originally Posted by nation-x

Originally Posted by raymor

What she's implying but knows better than to actually say is that business owners such as you and I should hand over more than 60% of our income to Obama and the government.

The total amount of money earned in the country is $14 trillion. The state and local governments take $2.8 trillion of that and spend it for you. Obama proposes that he should take and spend $6.2 trillion. That leaves just 35% to the people who earn it.

For a $30 sale, the government already takes $19 through income tax, gas tax, etc., leaving you $11 of the $30. She's implying that the $11 you keep is too much.

How much does she think you should have to support yourself and your family? $5 of each $30 subscription?

Originally Posted by 12clicks

here's my proof:

http://www.washingtonpost.com/blogs/...d0iK_blog.html

When you add up all of the various taxes, and look at the effective tax rates, it is clear the tax system is already pretty progressive. Everyone pays some tax, even those who pay no federal income taxes, and the wealthiest pay a larger percentage share of taxes. Here?s the effective tax rate for all of the groups, according to the CBO:
Lowest quintile (23.4 million taxpayers), zero to $18,900: 4.3 percent
Second lowest quintile (22.4 million), $18,900-$32,100: 10.2 percent
Middle quintile (22.9 million), $32,100-$47,400: 14.2 percent
Fourth quintile (23 million), $47,400-$71,200: 17.6 percent
Highest quintile (23.6 million), above $71,200: 25.8 percent
Top 10 percent (12 million), minimum income of $98,100: 27.5 percent
Top 5 percent (5.9 million), minimum income of $134,400: 29 percent
Top 1 percent (1.1 million), minimum income of $332,300: 31.2 percent

Originally Posted by 12clicks

warren buffet paid $8 mil in taxes. you probably paid about $2500.

is your point that you don't pay your fair share?

Originally Posted by Dvae

In this video she makes Little Timmy Geithner squirm like the worm tax cheat the he is.
Point is Obama had the chance to prosecute the Wallstreet firms for the wrong doing. Instead he got in bed with them, and takes millions of dollars to fund his reelection campaign.

Now who's the hypocrite?

Originally Posted by **********

That is not at all what she is saying. Her, like president Obama, wants to raise taxes from 35% to 39%, not 60%.

Originally Posted by 12clicks

funny how the bottom of society explain how I'm wrong when all I did was cut and paste CBO numbers.

Go ask your economics professor how many employees she has.

Those who can do, those who can't teach.

Those who really can't, try to pee up at their betters on a chat board.

Originally Posted by 12clicks

then raise EVERYONE's taxes 4%

anything else is class war fare.

Originally Posted by TheDoc

So you fail to realize that Buffet paid 17% tax, which you said can't be done, you argued it was all the same, it's income, blah blah blah... hahaha... You argue that the richer you are the more you pay, when that is BULLSHIT and anyone that ACTUALLY earns true higher incomes, knows this.

HELLOOOOOOOOoooo point is YOU HAVE NO IDEA what you're talking about here.

Originally Posted by 12clicks

warren buffet paid $8 mil in taxes. you probably paid about $2500.

is your point that you don't pay your fair share?

Originally Posted by TheDoc

Okay, brilliant logic... 4% of 9k = $360 for a, or $30 less a month, so $720 to live on.

Or 4% of 500k = $20k vs $40,000 a month to live on.

See how that works, taking $30 a month from the poor, actually hurts them, it makes it not fair TO THEM, not the other way around.

Originally Posted by nation-x

I told you earlier what rate I paid... so by your estimation I made approximately $9000. You busted me... I live in a chicken coop...

Originally Posted by 12clicks

then perhaps you and your kind should work harder.
Its not the successful's fault that you and your kind can't feed yourselves.

Originally Posted by TheDoc

Even if you take it as straight pay, it doesn't come out to 31%.

I'm 2 of those 7 things you listed and I've never paid the full personal tax rate in 15 years.

Originally Posted by 12clicks

holy crap, with every post it becomes more and more evident why you failed.

warren makes his money on what's known as investment income. His business is investing.My income and every other top 1%er have what's called EARNED income. Your betters pay 34% on ALL of their EARNED income.

christ, no wonder you fled to canada.

Originally Posted by 12clicks

I was taking into account that your alimony is tax free.

and trust me son, I'm not likely to believe a whole lot about what you SAY you pay.

Originally Posted by MisterPeabody

She has 22 employees and runs the 3rd largest accounting firm in NJ, you idiot tool.
Plus, I can gauran-damn-TEE you I make more $$$ than you do, can prove it, the entire board can openly see what I do and how I've grown, many of my sites and my affiliate program (which I advertise here on GFY) are in my sig, I've worked with enough GFY members off-board (in the real world, where money talks and BS walks) to back up MY rep.

You?

Originally Posted by nation-x

Just like any other conservatives who love to troll and demean others, it's how your brain works. I have a pretty good idea how you made your money just like anyone who has been around for more than 5 minutes. At least I still have my integrity intact and all of my bills are paid on time... that's all I really need. Congrats on your success...

Originally Posted by TheDoc

You're the only idiot I know of that pays that much. Any other top earners wish to admit they pay the full tax rate? Fuck it's not even possible statistically but this moron some how doe sit.

It's called moving your EARNED income to investments FIRST - THEN paying yourself.

Holy Christ....

Originally Posted by Mutt

because you have deductions that drop you down into a lower tax bracket?

it sounds like you would be perfectly fine if those deductions were taken away and you had to pay the full personal tax rate. if that's the case and you feel strongly that the successful aren't taxed enough why don't you donate the money you're 'saving' to the government?

i know how to pay off the US debt - even with the crazy military spending if it continues.
it's the medical industry, it's the tail that is wagging the dog and it's just going to get worse as the Baby Boom moves en masse into old age. And as somebody else posted in this thread - a national sales tax. The US i think is the only Western country without one. There are other existing taxes in the US that could and should be raised. I was listening to David Frum being interviewed and he mentioned the liquor tax in the US - that tax hasn't been raised in 50 years or longer. Nobody's going to stop drinking if that tax gets raised so raise it. I'm not sure what the federal tax is on cigarettes is but i'm sure it's a lot lower than the Canadian tax on cigarettes where a pack of cigarettes is 10 dollars.Sin taxes are great, increase them. As a side benefit maybe some of the poor will stop smoking and drinking. There are also huge loopholes in the tax code that allow Fortune 500 companies to shelter billions in offshore subsidiaries which really are nothing but shells.

Originally Posted by 12clicks

go tell your landlord you want to pay rent next month with your integrity.

Originally Posted by 12clicks

dude, you rent in a ghetto. of course you don't know anyone who pays that much

Originally Posted by TheDoc

Better than you living with your mom.

Yeah, I don't know anyone, only people like you know other successful people.

Anyway, I'll let you get back to pretending to be something.

Originally Posted by 12clicks

congrats on being in the 7 figure club.

not many of us crack that. you should be applauded for such an achievement.

Originally Posted by 12clicks

congrats on being in the 7 figure club.

not many of us crack that. you should be applauded for such an achievement.