62% Federal Tax rate??!!

[joeydb]

http://online.wsj.com/article/SB1000...ws_BlogsModule

So what are the libtards going to do when the "rich" contract their investment positions and people are put out of work by the tens of thousands?

[dagolfer33]

This doesn't directly affect me.

[dellinger63]

The 62% rate is a State/Fed combined number. However numurous other taxes were left off, namely property, sales, utilities, cell phone, land line, internet, gas, airport, car registration, tolls, hotel, gambling winnings etc etc etc.

But come on now Pakistan and Egypt deserve our money. And AIG and GM were too big to fail. The USPO and Fannie and Freddie are like our children so they need to be taken care of. It all makes perfect sense now.

[timmgirvan]

Originally Posted by dagolfer33

This doesn't directly affect me.

How can it not affect you directly?

[dagolfer33]

Originally Posted by timmgirvan

How can it not affect you directly?

I don't make a mil a year Tim.

[Princess Doreen]

Originally Posted by dagolfer33

I don't make a mil a year Tim.

But, I'll bet you're employed by someone who does.

Can't help but feel there is going to be even more unemployment if such a ridiculous tax increase goes through.

Where is the incentive for businessmen to grow their businesses?

[dellinger63]

Originally Posted by Princess Doreen

But, I'll bet you're employed by someone who does.

Can't help but feel there is going to be even more unemployment if such a ridiculous tax increase goes through.

Where is the incentive for businessmen to grow their businesses?

moving to lower taxing countries? Similar to why so many wealthy have residences in FL, AZ and Nevada?

[timmgirvan]

Originally Posted by dagolfer33

I don't make a mil a year Tim.

trickle down was my thinkin.....throw the stone across the pond...ripples!

[somerfrost]

Originally Posted by timmgirvan

trickle down was my thinkin.....throw the stone across the pond...ripples!

yes, because we all know that when we give rich folks more money they will share it with the middle class and the poor by creating more well paying jobs and increasing benefits...they are all really secret Santas!

[timmgirvan]

Originally Posted by dellinger63

moving to lower taxing countries? Similar to why so many wealthy have residences in FL, AZ and Nevada?

California has refused to remember their own failed policies towards small businesses....at one time in 90's over 100k business moved out of Cali. Now they want to tax the internet puveyors of goods like Amazon.

[timmgirvan]

Originally Posted by somerfrost

yes, because we all know that when we give rich folks more money they will share it with the middle class and the poor by creating more well paying jobs and increasing benefits...they are all really secret Santas!

No... but they're not the Klingon Empire either!

[somerfrost]

Originally Posted by timmgirvan

No... but they're not the Klingon Empire either!

In the future, the Klingons become our friends, the rich will never be friends of the poor.

[timmgirvan]

Originally Posted by somerfrost

In the future, the Klingons become our friends, the rich will never be friends of the poor.

Somer: way too cynical for someone with your breadth of knowledge

[somerfrost]

Originally Posted by timmgirvan

Somer: way too cynical for someone with your breadth of knowledge

Timm, unfortunately I've seen the results of trusting rich folks throughout my life. Not saying all are evil, but the ideology that trusting windfalls given to rich folks will benefit us all simply isn't true.

[timmgirvan]

Originally Posted by somerfrost

Timm, unfortunately I've seen the results of trusting rich folks throughout my life. Not saying all are evil, but the ideology that trusting windfalls given to rich folks will benefit us all simply isn't true.

The rich need to have an incentive to release their hard-earned gains! Its harder to keep it than it is to gain it...or so I'm told(ahem)

[somerfrost]

Originally Posted by timmgirvan

The rich need to have an incentive to release their hard-earned gains! Its harder to keep it than it is to gain it...or so I'm told(ahem)

As unrealistic as I know it sounds, it would be a better world if that incentive was based on love of mankind rather than love of riches. May never happen but feeding the rich is not the answer.

[Riot]

Originally Posted by timmgirvan

The rich need to have an incentive to release their hard-earned gains! Its harder to keep it than it is to gain it...or so I'm told(ahem)

Unfortunately, "trickle-down economics" didn't work with Reagan, and hasn't worked since.

[dagolfer33]

Originally Posted by Princess Doreen

But, I'll bet you're employed by someone who does.

You are correct, this would be the definition of an INDIRECT affect. Let's face it. The GOVT, no matter which party is in charge, is always trying to stick a vacuum cleaner hose in my pockets. Riot and dell may disagree with this statement.

[Riot]

Originally Posted by dagolfer33

You are correct, this would be the definition of an INDIRECT affect. Let's face it. The GOVT, no matter which party is in charge, is always trying to stick a vacuum cleaner hose in my pockets. Riot and dell may disagree with this statement.

I own my own small business. I pay lots of taxes, and purchase equipment and stock and inventory, and pay people to work for me. I agree.

The difference lays in what we feel is justified to pay, or not

[timmgirvan]

Originally Posted by Riot

I own my own small business. I pay lots of taxes, and purchase equipment and stock and inventory, and pay people to work for me. I agree.

The difference lays in what we feel is justified to pay, or not

the difference lies