Super rich pay no taxes

m.yahoo.com...=AjS2S_4pemxJ5zHBre0oAc2x.tw4%3B_ylu=X3o'___'I2MzBmdGgxBGNjb2RlA3lyZARjcG9zAzQEY3 NlYwNtb2JpbGUtdGQEaW50bAN1cwRwa2cDaWQtMjU2MTY0NARwb3MDNARzbGsDaW1hZ2U-?ref_w=frontdoors&view=today&.intl=us&.lang=en&.tyahoo

It so happens that this summer the Internal Revenue Service released data from the 400 individual income tax returns reporting the highest adjusted gross income. This elite ultrarich group earned on average $202 million in 2009, the latest year available. And buried in the data is the startling disclosure that six of the 400 paid no federal income tax.

I Don't know if the long link will work, the original article came from the NY Times.

After the massive Wall Street bailout, that these super rich parasites can continue to rob future generations is a terrible crime.

It is clear that the only thing tax cuts for the super rich produce is more fraudulent business practices. It is like giving heroine to a heroine addict.

Reply to post by poet1b

yes.
Electing Mitt Romney will essentially be signing up for the exact situation which led to the collapse. It's amazing how short the collective memory is.

More amazing is how buzz words like "job creator" instantly turn the masses into programmed sheep.


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reply to post by poet1b


Obama has been in office nearly 4 years and this still gets blamed on the GOP.

*golf clap*

A fair tax, a flat tax would eliminate all of this.

Well....Why do you think they are so rich in the first place??

2nd.

Reply to post by beezzer

Not being able to repair a mess at a fast enough rate is radically different than actually creating the mess.


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reply to post by beezzer


Exactly, well just like before the gold standard was abolished...I think. Correct me if I'm wrong but didn't everybody rich, poor and everything in between pay something arround 16%? That would fix so much it's not even funny.

reply to post by poet1b


Hi Poet1b

Long time no see.

The fact that a dogs bites a man is hardly newsworthy. If the poor paid less taxes than the rich now that would be worthy of news.

This situation lies at the heart of the western experience. The only way to solve it is to replace the current governments and opposition by Totalitarianism.

The more money you have the more you can divert it or use the rules to reduce your overall tax bill. There is also generous tax schemes for those who set up their own businesses. This is called wealth creation. In fact the superich can also get together with their chums and put the right puppets into government at the time of election or fund lobbyists to get their agenda ( how to get even richer).

Hoorray for capitalism!!!

Originally posted by beezzer
reply to post by poet1b

 

Obama has been in office nearly 4 years and this still gets blamed on the GOP.

*golf clap*

A fair tax, a flat tax would eliminate all of this.

Uh, it's what you guys advertise ALL the frickin time.

"JOB CREATORS"

I heard GE as a company, didn't pay any Taxes.

Thing is guys, it LITERALLY doesn't not matter even if these super rich paid 50% taxes and gave the government 50 billion dollars... They gov't will have spent it long gone anyways, and it wouldn't even dent your country's budget.

Something else must be done. It's an issue, sure, but in long term.. it's a non-issue.

Reply to post by CALGARIAN

Agreed. No one expects wealthy taxes to solve the deficit.
What proponents of fair taxes want is for all the burden to lifted off of middle class workers. That is the issue. The middle class paying 30% or more of their paycheck while others pay none is a serious issue. How is the middle class supposed to thrive when they are leaned on to make up the difference?


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reply to post by beezzer


The GOP gets blamed because they are the ones who wrote the laws that allow the super rich to avoid paying taxes.

We need to do what was done after WW II, and start taxing the super rich up to their eye brows until the huge debts created by the free market scam is wiped out.

Any working person smart enought to look after their own welfare should support high taxes on the rich.

reply to post by CALGARIAN


The WW II gen paid down fed gov debt after WW II left us deeply in debt, while fighting a war in Korea, and rebuilding Europe, and building up our own infrastructure.

Only losers claim it can't be done.

Originally posted by poet1b
reply to post by beezzer

 

The GOP gets blamed because they are the ones who wrote the laws that allow the super rich to avoid paying taxes.

We need to do what was done after WW II, and start taxing the super rich up to their eye brows until the huge debts created by the free market scam is wiped out.

Any working person smart enought to look after their own welfare should support high taxes on the rich.

A flat tax would be fair for all.

But the left refuses to be fair. They want to punish the rich and justify the theft by taking it all.

And this nonsense about the right allowing the tax laws is bullspit! What have the democrats done the past 6 years?

Spend and whine and spend and whine and complain that taxes aren't high enough.

Didn't the Romans go down because of # like this?

reply to post by XLR8R


Nonsense. The richest 10% of America owns 2/3 of its net worth. A 16% tax on the bottom third would add NOTHING to the budget, whereas a return to the tax rates of 1981 would add about 1/16 our GDP per year to the public coffers.

This money could be used to rebuild our infrastructure, educate our workers, and pump money into the economy at ground level, where every bit of the "work" happens under a free market capitalist system.

In fact -- if you liquidated all the assets of the bottom 80% of Americans, and seized every dollar they earn for taxes, you would take in 7% of our GDP in tax revenue. The debt would still rise because the intake would be less than the rate of inflation, and 8 out of 10 Americans would be dead, or starving and living in the streets.

Political rhetoric is no match for actual numbers.

www.taxpolicycenter.org...

reply to post by IntoxicatingMadness


Yep. Under our system eventually one person will have all the world's wealth. We are in a real life Monopoly game. The only reason we never get that winner is there are so many players one is bound to flip the board over before the game is done.

We need that Postal bank and we need it now.

reply to post by beezzer


A flat tax is the middle class paying for government services that only benefit the super rich.

Like our huge overseas military presence.

Your whole argument is to blame democrats for not cleaning up a mess created by the republicans. That is ridiculous.

Originally posted by poet1b
reply to post by beezzer

 

A flat tax is the middle class paying for government services that only benefit the super rich.

Like our huge overseas military presence.

Your whole argument is to blame democrats for not cleaning up a mess created by the republicans. That is ridiculous.

No. My argument is that the democrats squeal like stuck pigs and THEN do nothing to change the current laws.

Originally posted by 0zzymand0s
reply to post by XLR8R

 

Nonsense. The richest 10% of America owns 2/3 of its net worth. A 16% tax on the bottom third would add NOTHING to the budget, whereas a return to the tax rates of 1981 would add about 1/16 our GDP per year to the public coffers.

This money could be used to rebuild our infrastructure, educate our workers, and pump money into the economy at ground level, where every bit of the "work" happens under a free market capitalist system.

In fact -- if you liquidated all the assets of the bottom 80% of Americans, and seized every dollar they earn for taxes, you would take in 7% of our GDP in tax revenue. The debt would still rise because the intake would be less than the rate of inflation, and 8 out of 10 Americans would be dead, or starving and living in the streets.

Political rhetoric is no match for actual numbers.

www.taxpolicycenter.org...

Bring spending back to what it was in 1981 and we may hav something to talk about.

Originally posted by beezzer

Originally posted by poet1b
reply to post by beezzer

 

A flat tax is the middle class paying for government services that only benefit the super rich.

Like our huge overseas military presence.

Your whole argument is to blame democrats for not cleaning up a mess created by the republicans. That is ridiculous.

No. My argument is that the democrats squeal like stuck pigs and THEN do nothing to change the current laws.

Hard to make changes to any legislation when the GOP won't budge on any propositions. Since they won over the house, this country's government has pretty much stopped working. They are a pack of sniveling children throwing fits whenever anyone challenges their rich masters.