Let's Raise Taxes on the $250,000+ incomes

[theblackknight]

@Caeser25

Plenty. My stepdad is starting his own concrete business from what he learned as a union laborer for 30 years. A kid I worked at a detail shop with while in college now owns his own detail shop. A girl I grew up with got a useless degree and bounced around awhile, found something she loved and now is a personal trainer in her own gym. Another has a flooring company. Another with a garage door business. I know quite a few people that are under 30 with their own business that worked their asses off and now are a small business owner. It’s those evil rich people that employ them for their services , not the poor that can’t afford it. The more business they get, the more people they can employ.

Sorry but thats not evidence.

[FromMyColdDeadHand]

@montanadave

It should also be noted that Governor Romney was asked repeatedly during the course of his presidential campaign if the “carried interest” loophole was one of those which he intended to close as part of his tax reform/balanced budget plan.

He never answered the question.

If you are going to keep that financial data private, you don’t answer any questions. If he said yes, or even no, do you think the questions would have ended there.

Grow up.

[chadbag]

@montanadave

Point fingers at whomever you care to, the fact remains we spent a shit load of money we didn’t have, wrote checks we couldn’t cash, and ran up one hell of a debt. Now it’s time to pay the piper.

That means higher taxes, reduced government programs, entitlement reforms with reduced benefits and means testing, and reduced defense spending until we get our fiscal house in order.

It does not mean higher taxes. Higher taxes does not mean higher revenue.

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[C4IGrant]

@montanadave

And if his compensation was structured as “carried interest”?

The simple fact is that neither you nor I know what he paid and the fact that he adamantly refused to release his tax records despite appeals from both his own party and the Democrats speaks volumes.

Romney made the cold calculus that releasing the returns would do his campaign far more damage than stonewalling. And I CAN do that math.

It’s pointless to argue hypotheticals because the election is over and none of us will ever see his returns now.

You don’t think the Obama administration had their “people” at the IRS looking through his tax records to see if any mistakes were made??? If so, I have some beach front property to sell you.

C4

[FromMyColdDeadHand]

@Caeser25

Plenty. My stepdad is starting his own concrete business from what he learned as a union laborer for 30 years. A kid I worked at a detail shop with while in college now owns his own detail shop. A girl I grew up with got a useless degree and bounced around awhile, found something she loved and now is a personal trainer in her own gym. Another has a flooring company. Another with a garage door business. I know quite a few people that are under 30 with their own business that worked their asses off and now are a small business owner. It’s those evil rich people that employ them for their services , not the poor that can’t afford it. The more business they get, the more people they can employ.

@theblackknight

Sorry but thats not evidence.

Sure as shit beats trickle up poverty…

But back on taxes. Even as a conservative, I’f you are going to raise revenue by simplifing the tax code, go after the exemption for state and local taxes. Why give people credit for local taxes? This is just subsidising the higher tax states.

“The state and local tax deduction cost an estimated $50.7 billion in tax expenditures in fiscal 2007, compared with $73.7 billion for the home mortgage interest deduction and $41.9 billion for the individual charitable contributions deduction”

from:
http://www.taxpolicycenter.org/briefing-book/state-local/fiscal/deduction.cfm

You live somewhere that likes to tax people, you should pay full frieght. Why are people that vote for their high taxes, like in NYC, able to shift some of their tax burden on to the rest of us? Live somewhere that minimizes taxes and you pay more than your fair share.

I really think this idea is a winner.

[chadbag]

@montanadave

And if his compensation was structured as “carried interest”?

So? If you understand what carried interest is, it make sense on how it is taxed.

I can’t believe we are arguing that some people should be taxed more and at higher rates because they are successful investors.

And since these are “profits” being distributed, I would assume that the entity already paid taxes on them once, so we have in effect “double taxation.”

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[C4IGrant]

@chadbag

I can’t believe we are arguing that some people should be taxed more and at higher rates because they are successful investors.

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This is now a COMMON THEME in this country (even by self-proclaimed conservatives). Its TRUE NAME is jealousy.

When I see a super wealthy person, I congratulate them on their success and will continue to push myself and my business.

C4

[chadbag]

@C4IGrant

This is now a COMMON THEME in this country (even by self-proclaimed conservatives). Its TRUE NAME is jealousy.

When I see a super wealthy person, I congratulate them on their success and will continue to push myself and my business.

I think the word we want is actually “Envy”. Thanks for naming it though. Jealousy works just fine. The word was on the tip of my tongue (jealousy and envy both) but not quite there when I posted earlier.

Envy: a feeling of discontent or covetousness with regard to another’s advantages, success, possessions, etc.

I struggle. I am not rich by any means. In fact, probably have a negative net worth at the moment. I am working to fix that and get back on track. However, I have never once had the idea that somehow some guy I see who has done better than me is responsible for my problems. I have never once figured it was better to take that guys money from him through taxes or any other means. I look to that guy as an inspiration on what is possible in this country (or was possible). What I do resent is the amount of taxes taken from me through threat of force. And that resentment is doubled when I see blow-hards like Obama, Pelosi, Reid, and all the other fat cat Democrats who have nevr done an honest day’s work in their lives, carry on about how the “rich” need to pay more and that we only make it with government help.

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[brickboy240]

I know it SOUNDS like a lot of money…but in many places, those that make 250 grand a year are NOT rich.

Well…not the cigar chomping top hat wearing Monopoly Game guy that some might think these earners are.

Around here, most convenience stores easily gross 250k a year. I know an electrical contractor that earns 250 plus a year and he lives in a very modest house, drives a 10 year old pickup and does not have a Rolex. He puts his money back into his business.

I also know a plumber that employs 2 other people and he too earns around 250. He is also not what you’d call wealthy…with a wife that also works and a house that is maybe 1600 sq ft.

I am sure that in ND or UT…yeah…250k a year makes you like Trump but in this city…nope… not even close.

America will not tax itself back into the black…sorry…it never works that way.

-brickboy240

[PrivateCitizen]

Sadly, any discussion of anything surrounding taxes is irrelevant.

The Bush tax cuts AND the war on terror 9-11/Iraq/Iran could have never happened and we’d still be facing a pile of debt (especially when you consider our liabilities … )

We have a spending problem … and until that becomes the focus anything involving who is paying what percentage is a fools game.

[THCDDM4]

@montanadave

So if a bunch of guys here that usually can’t agree on the time of fuckin’ day can find some common ground on how to address these issues, why is it impossible for the 535 numb nuts sitting in Congress and the “pick your own personal adjective” in the White House hammer out a deal?

It ain’t that hard!

Quite frankly- because they don’t want to- and it goes directly against their planning. What is happening is not just the luck of the draw, it isn’t an accident we are where we are. It has all been finessed deliberately over a long span of time.

It is the only reasonable explanation for the actions/outcome we are seeing…

Right Vs. Left/ Conservatism Vs/ Liberalism is just the smoke and mirrors of it all. The illusion that keeps us all fighting one another instead of the real problems in our country.

This country is being literally sold off, our sovereignty and all. The American way of life (American Exceptionalism, nuclear family, liberty, etc…) is being replaced with the old European trash we got away from so long ago.

It really isn’t all that hard when you think about it: -We’re in massive debt; the only way to counteract that is to:

1. Stop all non-essential spending; kill it in its tracks (This is our #1 priority, KILL SPENDING, KILL-KILL-KILL IT!), and start a flat across the board tax(A flat tax in the range of 10%-15%; a flat tax would eliminate 75%+ of the IRS and the tax $$$ that go to the IRS). Everyone pays the same flat rate, no one is exempt.

2. Get back to a strong manufacturing base and actually sell stuff to other countries and our own.

3. Make it lucrative to do business in the USA again (We tax the shit out of busniesses and regulate them into third world markets; it is time to get them back along with the jobs they create) and demand greater production from all industries; specifically our unoin destroyed industries and tell the unions to suck-it. Period.

I hate taxes, I believe we should only allow taxes that are constitutionally allowed (And we need to scrap the broad sword/interpretation of the commerce clause) but we do need to feel the pain we’ve been creating with our spending habits and stop forcing it onto future generations; insurmountable debt is defacto slavery; and we’re a bunch of dicks for pushing it onto our children.

We also need to quit demonizing success. It used to be you saw a successful man and asked him how he became successful, would listen up well and try to be successful yourself. Bring yourself up to that level…

Now people just hate you if you have anything above their station/status; and everyone wants to bring others down to their level. Instead of raising themselves/others up, they want to bring everyone down. It’s pathetic and I see it every day in some shape or form.

The psychology of our society has changed for the worse. A bunch of instant gratification seeking, half-assing “I deserve everything because I am a little special snowflake who got a blue ribbon and a pat on the back for every mediocre little event in every aspect of life” ,morons is what most people are these days.

We need a fresh injection of morals & ethics (Not necessarily religion) accountability and responsibility again; they are all but gone. The bar has been lowered in society and individuals are following along.

[Caeser25]

@theblackknight

Sorry but thats not evidence.

An article in a newspaper isnt needed. In other words you’re saying you don’t have the common sense to figure out that the more money people get to keep, the more they will have to spend?

[Mo_Zam_Beek]

Worth the read for some here:

http://confoundedinterest.wordpress.com/2012/11/11/sen-corker-optimistic-there-is-a-deal-to-get-beyond-fiscal-cliff-which-is-really-the-fiscal-foothills/

Good luck

[TAZ]

@montanadave

So if a bunch of guys here that usually can’t agree on the time of fuckin’ day can find some common ground on how to address these issues, why is it impossible for the 535 numb nuts sitting in Congress and the “pick your own personal adjective” in the White House hammer out a deal?

It ain’t that hard!

Because generally it is in all of our best interests to solve the problem. Liberal or conservative we the people are the ones paying the bills and having to deal with the negative ramifications of these issues. Conversely, the 535 retards in DC depend I these issues being around so they can maintain their never ending gravy train job of fixing them.

Sadly no amount of tax hike can solve the budget issue. Sorry, but we are past that point. Decades of are loess spending and Enronomics run amok have put here. Believe it or not, but the government (fed, state, and local) is the biggest employer in the country. These employees don’t make anything and receive their compensation from the taxes taken out of the rest of our incomes. (As a giant aside we have stringent laws against the private sector double dipping their “income” by reporting inter company transfers as sales income; yet the government does so by reporting the taxes paid in by federal employees as income) Add the number of people on some form of benefit and the whole country is a giant economic pyramid scheme that has turned upside down. IMO you could take every penny made by everyone in the country and still not make a dent unless you stop spending like a drunken sailor on a Viagra high in a whorehouse.

[bubba04]

@C4IGrant

When I see a super wealthy person, I congratulate them on their success and will continue to push myself and my business.

C4

This is what makes America great. However there is a PR war on us folks trying to make it.

Since when is 250k a lot of money for a family income?

[Kfgk14]

@Business_Casual

I think capital gains taxes are evil. You have paid the top marginal rate on your income, then when you invest it, post tax, you pay again on the money you earn. Evil.

Evil.

The biggest problem with escaping the nanny state for the average American, right fucking here. If the average asshole could go out, make good investments, sell said investments, and walk off with every fucking dime of the profit and save it tax-free, the average asshole could afford retirement without sucking the government teat (and, by nature, the teat of everything productive in the US economy).

[Kokopelli]

hahahahahaha… that’s all I better say, but I’ll say it again… hahahahaha… Cheers… Ron

[Kokopelli]

@bubba04

This is what makes America great. However there is a PR war on us folks trying to make it.

Since when is 250k a lot of money for a family income?

Since today… $250K is about three times the family income of professionals in my area… More like five times the average… Ron

[bubba04]

@Kokopelli

Since today… $250K is about three times the family income of professionals in my area… More like five times the average… Ron

I recognize that, but its hardly “rich”, and that is all that I am getting at.

[Cagemonkey]

@Belmont31R

The age group that voted for Mitt in the biggest percentage were elderly, age 65 and up, who are taking the biggest chunk of the pie via SS and Medicare.

My bad. I was thinking of the Welfare, EBT types.