9 Things The Rich Don't Want You To Know About Taxes

[scherlok]

Quote from MKTrader:

Obviously you voted for the one who promised free candy to those who don't work or at best, work a few actual hours per week in a union-protected "job."

This is mostly garbage, and has been refuted many times before. Yes, corporate welfare is bad, but so is welfare to entitlement junkies. You want to find fraud, waste and abuse, go to Medicare, SSI (anyone can be "disabled" and live on the dole if you hire the right lawyer or apply often enough), etc. This is another case of choosing selective data and brainwashing econ illiterates who wouldn't know a logical or statistical fallacy if it came to their door and delivered them food stamps.

Whatever you and the useful idiots who post this stuff are, you're certainly not traders who know what it means to make and keep an honest dollar.

Einstein...

 

[Debaser82]

Marc Faber says corporatism is destroying the US.

Is Marc Faber a socialist? A leftist?

 

[Gabfly1]

Quote from MKTrader:

That should've been "useless." OK, whatever.

Why? You don't think you're a useful idiot? Don't sell yourself short.

 

[MKTrader]

Quote from Debaser82:

Marc Faber says corporatism is destroying the US.

Is Marc Faber a socialist? A leftist?

Ron Paul said the same thing. He's hardly a socialist.

Corporatism is pretty much like fascism. And contrary to what the Left believes, a "fascist" isn't a pejorative used to describe anyone who is more conservative than yourself. Rather, it's a nightmarish combo of big gov't and big business working together.

 

[Gabfly1]

Quote from Free Thinker:

Since tomorrow is April 15th, it is a good time to look at our corporate tax rates. As the graphic below shows, the change in corporate tax rates over the past half century is astounding.

Corporate Taxes as a Percentage of Federal Revenue
1955 . . . 27.3%
2010 . . . 8.9%

Corporate Taxes as a Percentage of GDP
1955 . . . 4.3%
2010 . . . 1.3%

Individual Income/Payrolls as a Percentage of Federal Revenue
1955 . . . 58.0%
2010 . . . 81.5%

Don't trouble yourself with numbers, FT. Ideologues are all about faith, beliefs and feelings. They can't work numbers into their sermons.

 

[MKTrader]

Quote from Gabfly1:

Why? You don't think you're a useful idiot? Don't sell yourself short.

Go back to arguing with yourself on Surf's thread or following Charlie Sheen's tweets. Or just go take your meds--I'm sure they're paid for with OPM.

Sheesh, the post whore-trolls and riff raff are REALLY OUT today.

 

[Gabfly1]

Quote from MKTrader:

...Sheesh, the post whore-trolls and riff raff are REALLY OUT today.

This from someone who asserts that anyone disagreeing with his Far Right world view doesn't make any money. Yes, do tell me all about trolling.

 

[emg]

even pets (dogs, cats, rats, cobra, tigers, cheetahs, pigs, horse, cows, cattles, ants, crickets, worm, flys, etc etc) do not pay taxes.

 

[Kassz007]

Quote from MKTrader:

This is another case of choosing selective data and brainwashing econ illiterates who wouldn't know a logical or statistical fallacy if it came to their door and delivered them food stamps.

 

[MKTrader]

Quote from Free Thinker:

Since tomorrow is April 15th, it is a good time to look at our corporate tax rates. As the graphic below shows, the change in corporate tax rates over the past half century is astounding.

Corporate Taxes as a Percentage of Federal Revenue
1955 . . . 27.3%
2010 . . . 8.9%

Corporate Taxes as a Percentage of GDP
1955 . . . 4.3%
2010 . . . 1.3%

Individual Income/Payrolls as a Percentage of Federal Revenue
1955 . . . 58.0%
2010 . . . 81.5%

This stuff may impress the simple-minded, but there's much more to this than trying to show a trend. There are countless other variables and changes over the years. Did you take them into account?

Also, you have to look at many other angles, including this one:

http://plaza.ufl.edu/chriske2/hidden.pdf

It's like the "let's get back to the gool ol days where we taxed the rich at much higher rates." The demagogues who spew that kind of thing out forget to mention how much more the rich (and everyone else) pay now for state/city/gasoline/etc. taxes. They also don't mention how many deductions and shelters there used to be. Practically no rich person paid anywhere near those old rates. Many would be better off today with the old higher rates + all the old deductions/shelters.

But again, this complicates things and ruins the "tax the rich, it used to work" claim.