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interesting look at taxes

Discussion in 'Members' Lounge' started by Briansol, Sep 24, 2011.

  1. Briansol

    Briansol Admins Admin VIP

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    Mind you, these are TOP rates of a bracket and do not reflect the lower tiers at all.

    [​IMG]
     
  2. phyregod

    phyregod !!YTINASNI

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    90% income tax from ~61-65? really? Sucked to be making bank at that point.
     
  3. 95b16coupe

    95b16coupe New Member

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    thank you war.
     
  4. |Chaz|

    |Chaz| Well-Known Member VIP

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    Meh if I made a billion dollars, I think id be pretty happy with 100 million. If I made 100 million 10 million would be nice. At a certain point there's just too much wealth for one person. Yea id have as many toys as the next guy if I hit it rich but seriously people? There's being rich and being mega rich.
     
  5. Briansol

    Briansol Admins Admin VIP

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    Remember, that is INCOME taxes. Rich guys don't make money on a w2. It's more under cap gains and other investment areas.

    Those high taxes probably mostly effected the 'managers' of small business, etc.... guys making 150-250k today.
     
  6. reckedracing

    reckedracing TTIWWOP VIP

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  7. UNDR8D

    UNDR8D ...has a job!

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    That's not the point and that's not for you to say. Regardless of what any individual thinks is too much money, another individual should not be FORCED to turn over the vast majority of something they earned through hard work and savvy investment.

    A reasonable percentage? Of course we pay that because we acknowledge living in a place as great as we do is going to cost us something. We have taxation with a modicum of representation. The Beatles were Mega Rich and were pissed enough about taxes to write a song about how shitty they were..."1 for you 19 for me" was representative of the 95% tax rate they were paying in GB in the 60s.

    The way you put it is the problem exactly. What's the difference? Why contribute 1 bil. to our GDP when it feels the same to contribute 100 mil. with so much less work? Incentive, incentive, incentive makes the world go 'round. We all operate on and respond to incentive.

    Nobody does things just to be nice like liberals think. Even when we do good things for others we are getting something out of it, whether we acknowledge it or not.
     
  8. TurboMirage

    TurboMirage YEEAAAHHH VIP

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    well chaz, you can give away all your hard earned money.

    me, i want to fucking keep it.
     
  9. reckedracing

    reckedracing TTIWWOP VIP

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    everyone is cool with taxes until they start paying large sums of money for the same, or even less services, than everyone else gets
     
  10. Drake

    Drake Well-Known Member VIP

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    I don't get all the hate towards "the rich". I'm balls out rich compared to someone who works fast food. The car dealership owner is rich compared to me. On and on you get the point. I don't know about you guys but I went to school to make more money. I work hard at my job to make more money. Isn't that the whole damn point? To strive to be the next Bill Gates? Or hell how about having enough money to do the things you want to do versus having enough for what you have to do.

    Take notice that we went from billionaire to millionaire down to families making 500k or single people making 250k. Soon enough it will be 150k, 80k, 60k. And that one lawmaker rambling on about the collective enabling the factory owner to become a millionaire; she is smoking crack. So after the factory owner pays their taxes for the roads and schools he should still pay more?

    We are guaranteed the right to life, liberty and the pursuit of happiness. Where did people get the idea this guaranteed equal results? I'm not bill gates. I probably never will amass the wealth he has but it isn't something I envy. It's something I respect. Not from a materialistic point of view but the man had an idea and built himself an empire. That is what America is. We all have the option to build the life we want. The idea of making successful people pay for success goes against everything this country should stand for
     
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  11. Matts96HB

    Matts96HB . Moderator VIP

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    repped. well said.
     
  12. Korax

    Korax New Member

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    They misunderstand what Jefferson wrote. He said "created equal", meaning we all begin the same, have the same chance. Not "to be kept equal". That is what they teach people in school these days though.
     
  13. UNDR8D

    UNDR8D ...has a job!

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    In America it goes like this:

    Pick a job you want to do and become the person that does it.

    If you are incapable of doing what you want, adjust your self-expectations accordingly.
     
  14. SlushboxTeggy

    SlushboxTeggy It's only stupid if it doesn't work VIP

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    I think we should be kept "equal". And by that, I mean a flat tax. Everyone contributes the same percentage. Want more money? Work more.

    "But the rich can afford to contribute more!"

    And you could "afford" to lose 30 pounds per capita America, but no one is forcing you. Were punishing people for making more money.

    "But most millionaires/billionaires inherit the wealth!"

    Inherited wealth was taxed when it was earned. This tax bracket is for people who still earn. It still take an intelligent person to not run the family business into the ground. And if you have reached a point where you are simply an investor and get your check, good for you.
     
  15. Korax

    Korax New Member

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    They'll be forcing us to eat what they want us to soon enough. They always start with the kids first... already done.

    Inherited wealth was taxed when it was earned, correct. Also, when it was inherited.. I realize what you were trying to say. I'm stating its worse than just that. Everything is double/triple taxed.. maybe more depending on the products/state you live in. Shit costs as high as it does because of taxes, imported or domestic.
     
  16. SlushboxTeggy

    SlushboxTeggy It's only stupid if it doesn't work VIP

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    They can't even stop tooth-less hill billies from making their own booze. They aren't forcing McDonald's out of business anytime soon.
    It all comes back to the government. Rather than see how much cash they have and budget what it gets spent on, they decide what they want to do, and raise taxes to cover the costs. It's an ass backwards way on doing business.
     
    Last edited: Sep 29, 2011
  17. UNDR8D

    UNDR8D ...has a job!

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    Your mistake is thinking that they don't want us to eat McDonald's when in fact, I'm certain that "they" do.

    See healthy eating and exercise initiatives are just smoke and mirrors to cover how heavily the unhealthy lifestyle is promoted.

    If you create a nation of fat, dumb, and relatively happy people, you will encounter very little socio-political resistance.
     
  18. Briansol

    Briansol Admins Admin VIP

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    I disagree entirely. Most gym/vegeitarians/healthy/etc lifestyle people are all liberal sociliasts.
     
  19. Korax

    Korax New Member

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    I think you are both right. They both end up with the same result.
     
  20. UNDR8D

    UNDR8D ...has a job!

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    You're missing the point. If what I say is true, and our government has crafted an insidious plot to keep us fat and stupid, it would only be so people don't know any better when radical and damaging change is forced upon them, or, that they won't have the will to resist.

    There exists a whole host of famous world leaders who have been quoted saying similar things. Queen Victoria once said "Give my people plenty of beer, good beer, and cheap beer, and you will have no revolution among them."

    It's the same idea. The food lobby is so powerful, they make the tobacco, petroleum, and auto lobbies look like little bitches. We are quickly losing our food rights.

    The FDA has been closing small farms in California who do cow shares, if you know what those are. It's not because they are unsafe or unhealthy, but because they are quite the opposite, and are infringing upon corporate beef processing's territory.

    Our food choices are being whittled down to

    1 Things made of corn
    2 Diseased meat

    Think about smoking. The government wants you to smoke then die of a heart attack. That way, you cost the social and healthcare systems the least amount. Just ask Rahm Emanuel.
     
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