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  #21 (permalink)  
Old 01-31-2008, 07:51 AM
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Originally Posted by Ixtellor View Post
Payroll Taxes.

Looks like my work here is done.

Ixtellor

P.S. I wonder what tax rate Warren Buffet pays? Stupid poor people and their tax scams.

I remember when liberal Warren Buffet made a big deal about how his secretary paid a higher percentage of federal income taxes than he did. I wanted to laugh because all Warren had to do was give her a HUGE raise. And he had the money to do it. But that's just par for liberals who want always look at how it's the gov't's fault and not their own.
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  #22 (permalink)  
Old 01-31-2008, 07:56 AM
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Originally Posted by Raharu Haruha View Post
33% of $1,000,000 is $333,333... does the average person pay that in his life?
Probably. But why does that matter?
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  #23 (permalink)  
Old 01-31-2008, 08:06 AM
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Originally Posted by JP5 View Post
Disagree.
To be clear: I did not mean to say that payroll taxes mean the poor pay a higher share of their income in taxes than the wealthy. Only that they balance out the income taxes a bit.

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For 2008, SS taxes are 6.2% on earnings up to $102,000. For Medicare taxes, there is NO CAP---so it's 1.45% of ALL earnings. BOTH hit the higher income earners harder as far as dollars they pay in.
SS is capped at $102,000. By the time you reach $200,000 or so in income, SS taxes are not a significant factor, percentagewise. For the truly wealthy, it's not even a rounding error.

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And don't forget more than 6 million low-income earners pay ZERO in federal income taxes. In fact, because of the Earned Income Tax Credit, many receive money back while paying ZERO in.
Yep. Never said otherwise.

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By using the word "receive" you act as if they don't work hard for it. As if they don't deserve what they earn. It's NOT given to them; they earn it.
Again, please note that you have jumped on the *only* time I used the word "receive" in the entire post. Everywhere else I wrote "earned". Stop getting bunged up about word choice and respond to the argument.

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And they should be appreciated for it; not demonized for it.
Concerns about income inequality aside, who's demonizing them? Remember, I'm responding to a post that implies it's somehow unfair that the wealthy pay more in taxes.

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Care to count the expenses these top income earners have spent on education, investments in their careers, and planning for their futures? It doesn't happen by accident in most cases.
Good for them. So? How is that relevant?

(Never mind that their education was almost certainly subsidized by taxpayers, either through tax deductions for educational expenses, tax support for public universities, tax deducations for charitable contributions to private school endowments, student loans or grants).

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Why is it Dems insist on mixing in payroll and state taxes during a discussion of federal income taxes?
Because when discussing tax burden, it's misleading to only talk about the income tax, which is only part of the total federal tax burden.

It would be like taking a look at taxes on luxury goods, noting that they are overwhelmingly paid by the wealthy, and implying that that tax burden is representative of the overall tax burden.

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I've been poor and I've been rich and I did NOT resent the rich when I wasn't one of them.
Good for you; neither do I. We're talking about tax policy, not "the wealthy are evil."

One does not have to resent the rich to support a mildly progressive tax policy.
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Last edited by raytri; 01-31-2008 at 08:08 AM.
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  #24 (permalink)  
Old 01-31-2008, 11:41 AM
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By the way, did Warren Buffet scratch that check yet, to make up for all the taxes he DIDN'T pay? He seemed awfully distraught over the imbalance.

Not so easy to walk the walk, I guess.
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Old 01-31-2008, 12:12 PM
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Originally Posted by ABoyNamedSue View Post
By the way, did Warren Buffet scratch that check yet, to make up for all the taxes he DIDN'T pay? He seemed awfully distraught over the imbalance.

Not so easy to walk the walk, I guess.
He gave $50 Billion to charity. What did you do?

Ixtellor

P.S. Whats it like living in a cave?
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Old 01-31-2008, 12:48 PM
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Originally Posted by Ixtellor View Post
He gave $50 Billion to charity. What did you do?

Ixtellor

P.S. Whats it like living in a cave?
"Charity" does not mean "taxes."

Charity = voluntary

P.S. What's it like having a superiority complex?
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  #27 (permalink)  
Old 01-31-2008, 06:26 PM
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Originally Posted by raytri View Post
Probably. But why does that matter?
naah, what's $333,333? chicken feed. of course then you've got to actually pay for things... like taxes on your cars, houses, every day things. they'll roughly tax that down to $500,000, and that money goes towards such good things: like building roads, feeding the hungry politicians, paying for soldiers in iraq and iran, the irs, the banks, oh and lastly poor people who lost their job because their employer couldn't pay his taxes.
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Originally Posted by catawba View Post
I never claimed that 100,000 civilians died by American hands. I merely state the fact that our invasion and occupation has resulted in 100,000 civilian deaths.

This is figure approximates the numbers from Iraq Body Count, the most well documented, and highly regarded, source of civilian Iraq deaths from violence during our war with Iraq.
http://www.iraqbodycount.org/
So your logic is that if we are not there, the number will go down... That makes perfect sense... not.
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Old 01-31-2008, 06:30 PM
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Originally Posted by ABoyNamedSue View Post
"Charity" does not mean "taxes."

Charity = voluntary

P.S. What's it like having a superiority complex?
LOL. That's a good question for the professor.
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  #29 (permalink)  
Old 01-31-2008, 06:35 PM
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Originally Posted by raytri View Post
Failing to adjust for inflation over a 10-year period is a mistake, not a valid alternative.
Not acknowledging that government action is the sole cause of inflation is a mistake. Not acknowledging that eliminating its ability to print fiat currency at the drop of a hat will stop inflation is a mistake.


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Clearly, reducing the debt reduces costs in the long-term.... but it increases costs in the short term. There ain't no free lunch.
No, it doesn't increase costs in the budget in the short term if you use assets to pay off the debt.

Quote:
Plus I'm sure you have an interesting definition of "non-essential." Considering that Ron Paul's definition of that term includes most of our military, the Dept. of Education and various other entities.
Yes, we have a logical definition of "non-essential" - unlike the collectivist statists.
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  #30 (permalink)  
Old 02-01-2008, 04:51 AM
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Quote:
Originally Posted by ABoyNamedSue View Post
"Charity" does not mean "taxes."

Charity = voluntary

P.S. What's it like having a superiority complex?
Warren Buffet has stated many beliefs of his, here are two:

1) He thinks he should pay more taxes.
2) He thinks taxpayer money should go to helping the less fortunate.

So while he could have written a check to George Bush, that probably would have quickly been handed over to haliburton...

He instead gave over half of his fortune to helping those less fortunate.

So when you say silly things like "did Warren Buffet scratch that check yet, to make up for all the taxes he DIDN'T pay"

The answer is YES.

He wrote the largest check in the history of man kind to go towards a job he felt the government ought to be doing.

The largest donation a Republican has made? Building a stadium and world class practice facilities for the Oklahoma State Cowboys. How noble...

Your brains freeze up because the wealthy republicans of this nation are the most miserly bunch to ever hoard money, and you can't understand how the rich Democrats put thier money where their mouth is.


Ixtellor
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