XPost: alt.atheism.satire, alt.suicide.methods, alt.impeach.bush
From: jcsplacetoo@hotmail.com
"God Bless my Land Yacht" wrote in message
news:8mt3f.50042$A52.7858@trnddc02...
> "J.C." wrote in message
> news:GGs3f.160000$w76.85622@fe05.news.easynews.com...
> >
> > "God Bless my Land Yacht" wrote in message
> > news:28k3f.23813$wm3.11583@trnddc01...
> >> "J.C." wrote in message
> >> news:2%g3f.46447$sp2.23819@fe03.news.easynews.com...
> >> >
> >> > "God Bless my Land Yacht" wrote in message
> >> > news:E3f3f.23763$wm3.8409@trnddc01...
> >> >> "js" wrote in message
> >> >> news:1129137883.958759.246900@f14g2000cwb.googlegroups.com...
> >> >> >
> >> >> > moune_dawgie@yahoo.com wrote:
> >> >> >
> >> >> >> Well, I contributed to the Katrina effort and I pay a shitload
> >> >> >> of
> >> >> >> income taxes, probably more, junior, than you earn in a year.
> >> >> >
> >> >> >> BTW, depending on business, my tax bill could go near six
> >> >> >> figures.
> >> >> >
> >> >> > Ok - let's just say it does. How much INCOME would one need to
> >> >> > have
> >> >> > to
> >> >> > pay 100K in Federal income tax?
> >> >> >
> >> >> > According to the IRS, you would need to earn at least 300K and
> >> >> > likely
> >> >> > more.
> >> >> >
> >> >> > An annual income of 300K is in the top 2% of income earners in
> >> >> > the
> >> >> > US -
> >> >> > that would make you, by these definitions at least - "really
> >> >> > rich"
> >> >> >
> >> >> > So?
> >> >> >
> >> >> >> And why don't the really rich people have to pay taxes?
> >> >> >
> >> >> > Excuse me - but you are one of these really rich and you pay a
> >> >> > "shitload", as you put it, of income tax.
> >> >> >
> >> >> > And, just for grins, your peer group - the ones earning in the
> >> >> > upper
> >> >> > 20%, paid about 80% of all income taxes last year.
> >> >>
> >> >> That sounds really great when you put it that way, but you're
> >> >> conveniently ignoring the bigger picture.
> >> >>
> >> >> How much of America's money do those 20% control? Less than 1% of
> >> >> the
> >> >> population controls 19% of the country's wealth. Rich people
> >> >> should
> >> >> pay
> >> >> more because they control most of the money. As a function of
> >> >> income,
> >> >> rich people pay proportionately less than the middle class. Most
> >> >> people
> >> >> in the upper 1% get most of their income from capital gains.
> >> >> Capital
> >> >> gains are taxed at 15%. People in the upper middle class pay 27%,
> >> >> or
> >> >> almost twice as much as a factor of income. Until you earn
> >> >> $90,000
> >> >> in
> >> >> wages, 6.5% is paid to Social Security. If you're self employed,
> >> >> you
> >> >> pay twice that much. Rich people who get all their income from
> >> >> stocks
> >> >> pay $0 in Social Security. If they do have taxable wages, rich
> >> >> people
> >> >> pay $0 in Social Security after they've earned $90,000. Although
> >> >> I
> >> >> don't consider myself rich, I'm no longer paying Social Security
> >> >> for
> >> >> the
> >> >> rest of this year and haven't been for some time. When you factor
> >> >> in
> >> >> Social Security, there are many middle class people who are paying
> >> >> 33.5%
> >> >> in federal taxes (some are paying 39.5%). There are many rich
> >> >> people
> >> >> who are paying 15% or less. I'm sorry, but I don't have sympathy
> >> >> for
> >> >> rich people who want to complain about taxes. I save my sympathy
> >> >> for
> >> >> those who deserve it.
> >> >>
> >> >> Slowly but surely we are going back to the days in which rich
> >> >> people
> >> >> no
> >> >> longer have to pay taxes. People forget the days when Nixon paid
> >> >> almost
> >> >> no taxes during his Presidency despite having millions of dollars
> >> >> in
> >> >> income. People forget that rich people quite often didn't pay
> >> >> taxes
> >> >> and
> >> >> the middle class got stuck with the bill.
> >> >>
> >> >> >
> >> >> > Two wrongs don't make a right.
> >> >>
> >> >> That's why we should fix the one that allows rich people not to
> >> >> pay
> >> >> their fair share.
> >> >>
> >> >>
> >> >
> >> > Well gee, you would think fair minded people like you would just
> >> > pay
> >> > more
> >> > out of the kindness of your heart. Are you telling us that you have
> >> > to
> >> > be
> >> > coerced by a government into paying the amount you think would be
> >> > more
> >> > compassionate?
> >>
> >> First of all, I'm one of the people in the 27% bracket and I also pay
> >> the maximum amount to Social Security. So I am already paying a
> >> higher
> >> percentage of my income to taxes than rich people. I do have some
> >> stock
> >> income that is subject to the 15% rate, but last year I gave almost
> >> 7%
> >> of my gross to charity and I donated a lot of time to my community.
> >> So
> >> I do pay more out of the kindness of my heart.
> >>
> >> So if you have something substantial to add to this discussion other
> >> than smartassed comments, then please do so.
> >>
> >>
> >
> > My my, how frustrated they get when they get caught in their own
> > traps.
>
> Yet again you have nothing intelligent to offer other than smartassed
> comments.
And all you are left with is going personal because you got caught up in
your own trap and became frustrated at your own ineptness. So now, I
supposed you are going to engage in some lengthy "did not", "did too"
chatter in an effort to save face. Well, tell ya what kid, I'm long past
that so you can be the WINNER! PLONK
--
Some people call this Northeast Hell
We just call it South Texas
J.C.
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* Origin: you cannot sedate... all the things you hate (1:229/2)
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