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Joined: Dec 2004
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OP
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The end of democracy, and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.
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Joined: Dec 2005
Posts: 3,178 Likes: 7
Campfire Tracker
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Campfire Tracker
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Chuck= professional liberal troll, unpatriotic and worthless to the core.
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Joined: Feb 2005
Posts: 1,501
Campfire Regular
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Campfire Regular
Joined: Feb 2005
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You do understand that the tax code, as currently written, taxes income when realized, not unrealized capital appreciation. In other words, until I sell an asset that has appreciated (stocks, for example), the fact that it has gone up in value is irrelevant. It may also go down in value before I sell and I will not get a deduction from income for the reduction in value. Take a look at the chart in the attached article to see what is paid by each quintile of income. https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxes
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Joined: Dec 2005
Posts: 3,178 Likes: 7
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 3,178 Likes: 7 |
You do understand that the tax code, as currently written, taxes income when realized, not unrealized capital appreciation. In other words, until I sell an asset that has appreciated (stocks, for example), the fact that it has gone up in value is irrelevant. It may also go down in value before I sell and I will not get a deduction from income for the reduction in value. Take a look at the chart in the attached article to see what is paid by each quintile of income. https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxesChuck doesn’t do facts, which by the way is exactly what you presented. Nice work. It’s been highlighted plenty that the top 5 % pay well in excess of 50% of all taxes, but I guess Chuck will say that’s not their fair share. Wow.
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Joined: Feb 2005
Posts: 3,278
Campfire Tracker
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Campfire Tracker
Joined: Feb 2005
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I really don't care how much the wealthy pay in taxes. I care about how much I pay in taxes, which is too damn much. And it always goes up regardless of which party is in office.
Spare me the worn out talking points.
Haul ass, haul ass! - Pappy
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Joined: Jan 2004
Posts: 4,608 Likes: 5
Campfire Tracker
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Campfire Tracker
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The House passed Build Brandon Back bill reinstates the SALT deduction that will specifically help the most wealthy.
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Joined: Jul 2001
Posts: 10,911 Likes: 8
Campfire Outfitter
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Joined: Jul 2001
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He should only care that his colostomy bag and wheelchair tires are paid for on the back of the working man.
"The 375HH is the greatest level of power you can get for the investment in recoil." (JJHack) 79s and losttrail, biggest waste of air.
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Joined: Nov 2014
Posts: 674
Campfire Regular
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Campfire Regular
Joined: Nov 2014
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Warren Buffett's tax rate is 18.96% which is pretty damn high and a payment of $23,700,000 is substantial. His balance sheet does not enter into the equation and neither does appreciation on unsold assets. If your going to tax his appreciated assets are you going to give him a refund when they go down?
Problem is not tax collection but government spending that is out of control.
And dumb fing liberals.
Last edited by Marley7x57; 11/19/21.
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Joined: Sep 2014
Posts: 21,976 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Sep 2014
Posts: 21,976 Likes: 11 |
Warren Buffett's tax rate is 18.96% which is pretty damn high and a payment of $23,700,000 is substantial. His balance sheet does not enter into the equation and neither does appreciation on unsold assets. If your going to tax his appreciated assets are you going to give him a refund when they go down?
Problem is not tax collection but government spending that is out of control.
And dumb fing liberals.
Wonder what his secretary makes? I seem to remember him saying the secretary pays more in taxes than he.
Parents who say they have good kids..Usually don't!
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Joined: Dec 2007
Posts: 11,233 Likes: 1
Campfire Outfitter
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Campfire Outfitter
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The wealthiest shouldn't have to pay any income tax.
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Joined: Dec 2015
Posts: 8,069
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2015
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Problem is not tax collection but government spending that is out of control.
And dumb fing liberals.
Nailed it. If the Dems want more tax money to fritter away, how 'bout taxing the poor evenly. Everybody should have skin in the game.
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Joined: Sep 2004
Posts: 8,237 Likes: 3
Campfire Outfitter
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Campfire Outfitter
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Posts: 8,237 Likes: 3 |
[quote=ShaunRyan]I really don't care how much the wealthy pay in taxes. I care about how much I pay in taxes, which is too damn much.[/quote]
So, what pray tell is the "right" amount of taxes?
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Joined: Dec 2002
Posts: 26,102 Likes: 20
Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 26,102 Likes: 20 |
So what? Do you expect me to buy into your class envy? I care not what happens in this matter. You can never steal enough from the rich to satisfy the wants of the poor. I am much concerned that the IRS has become an income redistribution system where money is transferred from the working class by the $billions or possibly $trillions into the pockets of those who have not earned it via child tax credits, earned income credits, etc, etc. Hold every tax filer to make no profit from their filing, and the US budget will be much closer to balanced.
People who choose to brew up their own storms bitch loudest about the rain.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
If they tax unrealized capital gains it will destroy our capitalistic system and we will all descend into a Marxist hell of shared poverty. I doubt suck azz charlie even knows what that means
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Jun 2007
Posts: 7,952 Likes: 3
Campfire Outfitter
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yet another SA(homo)charlie troll stir the pot thread.
GOA
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Joined: Feb 2010
Posts: 16,179 Likes: 5
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,179 Likes: 5 |
How much do YOU pay in taxes, pussy!!??!!
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Campfire Savant
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Campfire Savant
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Campfire Tracker
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Campfire Tracker
Joined: Feb 2005
Posts: 3,278 |
[quote=ShaunRyan]I really don't care how much the wealthy pay in taxes. I care about how much I pay in taxes, which is too damn much.[/quote]
So, what pray tell is the "right" amount of taxes?
I didn't state that I pay the "wrong" amount of taxes but the answer to your question, if I understand it correctly, is less.
Haul ass, haul ass! - Pappy
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Joined: Jun 2007
Posts: 29,792 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Jun 2007
Posts: 29,792 Likes: 2 |
The op hasn't been right about anything else so why should he start now.
These are my opinions, feel free to disagree.
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Joined: Oct 2011
Posts: 59,303 Likes: 50
Campfire Kahuna
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Campfire Kahuna
Joined: Oct 2011
Posts: 59,303 Likes: 50 |
How much do YOU pay in taxes, pussy!!??!! He sucks off the taxes that you pay, he's a user not a contributor. I other words he's a Parasite.
Paul
"I'd rather see a sermon than hear a sermon".... D.A.D.
Trump Won!, Sandmann Won!, Rittenhouse Won!, Suck it Liberal Fuuktards.
molɔ̀ːn labé skýla
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