Results 31 to 34 of 34
|
-
- Join Date
- Jun 2008
- Posts
- 21,283
09-26-2012, 04:23 PM
Thank you.
This is, in fact, the major reason capital gains are taxed at a lower rate. Taxes on earned income are higher than those on investment income. If you are someone who earned income (taxed) and then invested it (taxed again) you are getting double taxed. That's why so many people want the capital gains rate to go to zero.
On the other hand, one can argue that some people inherit their wealth and never work, so they never work (no tax) and all they have is investment income (taxed at a low rate). It's this type of thing that creates resentment and the desire to "tax the rich."
-
-
09-26-2012, 11:11 PM
Nice spin.
Let's stick to the facts and truth.
IRS data from 2010 shows someone making between $50,000 and $75,000 on average pays an effective rate of 7.8 percent
I do understand you are single and without kids so you might pay a few bucks more. Is that fair? I have never thought it was fair for a single person to pay more then a family that creates more wear and tear on the system, but that is just me.
-
09-26-2012, 11:48 PM
And if that beggar uses that money for drugs, and perpetuates violent crime in your neighborhood, then it's his responsibility, not yours? Noonie, you really infuriate me some times. You're not feeding the hungry, you're subsidizing drug abuse, alcoholism, violence and the collapse of your community.
If it's so easy to be generous, why haven't the Obamas or Bidens done it? And I hate to say it, because I benefit from the mortgage deduction, too, but if we're going to continue to pay your salary (and mine, let's not forget that I work for the government, too), we're going to have to look at simplifying the tax code, making the rates lower and flatter, and that means that many deductions will go by the wayside. But, perhaps you are correct, and your taxes are too high (as are mine). What programs (aside from the military, which is already being cut to the bone) would you be willing to reduce spending on? Ryan has a plan. Does Obama?
The difference is, Romney will take that money and reinvest it, which will put some of the people that you give charity to back into the job market. Admittedly, they wouldn't need your charity as much, if at all, which probably means that you could spend more time and money for yourself, and possibly put yourself in a position to employ others, but that's not nearly as satisfying as giving handouts to derelicts, now is it?--Odysseus
Sic Hacer Pace, Para Bellum.
Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
« Previous Thread | Next Thread » |
Not a single leader of the...
Today, 08:44 PM in Best/Worst of DU/Discussionist