So You Think "The Rich" Aren't Paying There Fair Share"

gee what is 20 percent of 20 billion dollars? oh yeah 4 billion dollars each

and then oh how much did 75 million americans pay in because they received tax credits and deductions?

oh yeah i know 0 and managed to get refunds when they had no tax liability

Is this serious? Is someone actually arguing that 98 years of a central banking system siphoning off our nations wealth and assets under the lie that it is at all Federal in any way and continuing now to do so cloaked in artificial crisis after crisis is somehow trumped and disproven when some Hillbilly wins 100 million dollars from a ticket he bought with beer change?

ATS- almost totally stupid

reply to post by justthemessenger99


the arguement here is that thing that created that central bank takes more than their "fair share"

and people are defending those actions

Originally posted by coyotepoet

America's corporate tax rate is 35 percent. But 115 companies on the S&P500 pay less than 20 percent in taxes, according to a study the Capital IQ and The New York Times. That's not even counting 37 companies like Citigroup and AIG that received more in tax credits than they paid. All this thanks to loopholes in the immensely complicated tax code.

Received more than they paid. I wish I could afford a fancy tax attorney that would have the government pay me taxes through loopholes.

www.businessinsider.com...

Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said. The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005. More than half of foreign companies and about 42 percent of U.S. companies paid no U.S. income taxes for two or more years in that period, the report said.

www.reuters.com...

I fear such useful information will go ignored in favor of talking points about how expecting the very most wealthy of the wealthy should pay the same rate as you and I pay is socialism.

Originally posted by searching411
Wow. Unproductive people want those who are productive (and successful) to take care of the people who are not productive and act surprised when we object. These same people have no experience in running/operating a business so they believe that all money earned is "profit" and should be shared. It is the story of the grasshopper and ant.

Parents and teachers have done a horrible job in preparing this young generation for the realities of life. Punch a clock; put in your weekly 40+; save and plan then get it taken away from you. Good reason for so many to be so angry, don't you think? I believe that the ones who want the rich to pay more are too lazy to make it on their own. But that's just my observation.

Productive equals pushing a buy/sell button? How could that even remotely be considered productive. Oh wait, you think the rich people today got their money from working hard? maybe a few, but by and large we are talking about the people who are benefiting from things that are counterproductive, not productive.

Originally posted by GeorgiaGirl

Originally posted by incrediblelousminds
reply to post by neo96

 

Yes, I think in a country where an unprecedented amount of wealth is concentrated in the hands of 1% of the population, that that portion of the population should be heavily taxed to ensure that money enters the economy again. Concentrated wealth is detrimental to a nations economy.

So that makes it right to STEAL it from them?

ummm, yeah, didn't they steal it in the first place? Why is everyone forgetting how these guys are making money today. Its not like they have had any benefit to society. You look at the rich figures of history they had an impact on society, they invented something. Rich people today clicked a button, using some sort of research and what not, maybe some astrology in order to make their decisions. the ability to manipulate the market in order to create wealth should not exist, and if it is allowed to exist, they should be taxed as if what they are doing is a crime.

yep yep being rich is easy oh wait if it was so easy everyone would be rich but but wait hmmm

Originally posted by neo96
yep yep being rich is easy oh wait if it was so easy everyone would be rich but but wait hmmm

Not everyone gives a crap what's selling for what. Or you think being human today should have the prerequisite that you read the WSJ. Yes the meaning of life should come down to how much you can short a position and profit. It shouldn't have anything to do with family, camaraderie, chivalry, patience, endurance, intelligence used to benefit humanity rather than benefiting the wallet at the expense of humanity. Your priorities are top-notch. You would make a great follower.

reply to post by no time


not a fan of pushing self responsibilty off on others hey if watching american idol is more important and playing xbox is or whatever else has more importance then so be it.

but to punish other peoples success because of a self imposed morality i pass on.

Originally posted by neo96
reply to post by no time

 

not a fan of pushing self responsibilty off on others hey if watching american idol is more important and playing xbox is or whatever else has more importance then so be it.

but to punish other peoples success because of a self imposed morality i pass on.

theft is not success. The market today is theft. Not brilliance, not "hard-work". The people that WORKED for their wealth lost everything in 2008.

A thought just crossed my mind. How old are you?

reply to post by no time


theft is not success as in raising taxes on others to pay for other people.

that works for me.

Originally posted by neo96
reply to post by no time

 

theft is not success as in raising taxes on others to pay for other people.

that works for me.

If you don't support that then they need to fix the root cause of the problem. Money today is not a measure of someone's "hard-work, intelligence, self-responsibility, or otherwise," which makes just about every point you make worthless.

reply to post by no time


so why then are you constantly trying from take others?

reply to post by neo96


I wish that ATS didn't attract so many trolls.... Nobody can possibly be so messed up that they are oblivious to what's happening and who it is that is paying the bills

Originally posted by neo96
reply to post by no time

 

so why then are you constantly trying from take others?

edit on 30-7-2011 by neo96 because: (no reason given)

Because in 1980 what these people did would have landed them in jail. Just because corporations and financial interests were able to get weak people to change the laws, doesn't make this problem a non-issue. In an actual free-market the people that deserve to be rich will be rich, in this market, the complete opposite is occurring. SO yeah tax the crap out of em, or revert the changes that created the monster in the first place.

reply to post by no time


well in 1980 this country had jobs and financial markets that paid out more than they do today and people were alittle less stupid.

didnt have the 24/7 news cycle or the internet or blogs that we all know and love today i do find it funny saying people were a little less crooked back then when well they were.

never heard of the savings and loan "crisis" oh but back then we were printing as much cash etc.

i do laugh at when people quote "the greed of wall street and bankers" when it does not hold any comparison to the greed and corruption of the us government.

remember one thing here "taking" money from one group of people and giving it to another group of people never since its inception ever created self sustained wealth.

that is unless you tax them every year for the rest of their lives and give a free pass to who your giving the money to.

man its late and our conversations is an exercise in futility we will never agree your free to have the last word

Why would anyone in their right mind play the lottery?
Powerball Odds

Jackpot probability/odds (Payout varies) The number of ways the 5 numbers on your lottery ticket can match the 5 white balls is COMBIN(5,5) = 1. The number of ways your Powerball number can match the single Powerball number is: COMBIN(1,1) = 1. The product of these is the number of ways you can win the Jackpot: COMBIN(5,5) x COMBIN(1,1) = 1. The probability of success is thus: 1/195,249,054 = 0.000000005121663739+. If you express this as “One chance in ???”, you just divide “1” by the 0.000000005121663739+, which yields “One chance in 195,249,054”.

Government statistics show there are about 1.7 automobile caused fatalities for every 100,000,000 vehicle-miles. If you drive one mile to the store to buy your lottery ticket and then return home, you have driven two miles. Thus the probability that you will join this statistical group is 2 x 1.7 / 100,000,000 = 0.000000034. This can also be stated as “One in 29,411,765-”. Thus, if you drive to the store to buy your Powerball ticket, your chance of being killed (or killing someone else) is nearly 7 times greater than the chance that you will win the Powerball Jackpot.

reply to post by choppedbrisket

When you think about it lotteries are a tax that has been imposed on the poor people of the country.. The rich people I have been able to interact with very well know that the deck is sacked in their favor.. They do all they can to make sure it stays that way too.

right, so if your poor and come into a lot of money, u get taxed to hell. but if your born to a rich family your ok. yep sounds like the rich dont pay a fair share.

the distribution of wealth in this world is discusting, one family can be living on the streets starving while another has everything they can ever want and more.

Originally posted by neo96
reply to post by mustard seed

 

hardly we are talking federal and state income taxes here and people are paying 50% of their incomes towards those two.

plus every other stupid tax

Tax on lottery winnings is not an income tax, it is a type of gift tax. Income taxation is much lower than gift taxing.

Also, of you know anything about finances you'll know that taking a lump sum is your best bet. Over time, having more money in the bank that earns interest that is compounded continuously will grow exponentially, if you accept regular payouts your money will not make as much because your not in possession of it. If you allow the payout company to hold onto it for you they pretty much keep the interest and with as much as they'll get in interest they can pay you without ever losing a dime, even at current awful interest rates.

I also believe that the extremely wealthy should pay more to make up for the fact that they make money with money rather than making money through hard work. Laborers should be paid more appropriately but what we see these days is the executive management taking home more money than all of their lower level employees combined do.

I wonder if corporations understand well enough that if they do not pay their employees well enough then eventually there will not be any consumers with enough money to purchase the products created. Eventually their greed will run them into the ground. Quite realistically, if executives and government want to improve the economy, they would decrease executive pay, appropriately distribute )bonuses, and increase their laborers income all across the board.

If they understood this concept they would realize that when low level employees are paid appropriately by all businesses and corporation there would be more money moving, meaning higher sales of all goods, meaning higher revenue, meaning higher profits, meaning more jobs, meaning more money moving around, meaning a cycle that begins to legitimately heal the economy. These jobs and incomes would also bring in more taxes meaning the debt of the government could begin to heal. Technically, all that is necessary for improvements all around for everyone in a win win outcome is executive sacrifice and less emphasis on paying its company's shareholders.