| We hope you enjoy your visit. You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free. Join our community! If you're already a member please log in to your account to access all of our features: |
| 1 percent taxes | |
|---|---|
| Tweet Topic Started: Feb 19 2012, 08:21 PM (1,669 Views) | |
| Stoney | Feb 19 2012, 08:21 PM Post #1 |
Sr. Member
![]() ![]() ![]()
|
The fact that one percenters like Warren Buffet make most of their money on capital gains allows some to distort that fact into saying the taxes they pay, as a percentage of income, is less than the rest of us. That is patently untrue. The fact is that that income is also taxed at the corporate rate, the total being about 50%, much higher than the rest of us. Now some will want to dismiss the corporate tax as a rationalization for them not to have to pay their fair share of to get them more welfare. Its no more true than to say that the 47% who pay no income taxes don't pay a payroll tax, even though I might argue that many of the latter do not earn incomes and so pay no taxes, or are subject to a tax program where they get more back than they paid in. |
![]() |
|
| Chris | Feb 19 2012, 08:52 PM Post #2 |
![]()
Fire & Ice Senior Diplomat
![]() ![]() ![]()
|
One needs to also consider what the rich contribute by economic means to the economy. |
![]() |
|
| Deleted User | Feb 19 2012, 09:22 PM Post #3 |
|
Deleted User
|
Are you trying to combine corporate tax & income tax? That may hold some water if one person is the sole owner & beneficiary of a corporation (no shareholders). Otherwise the corporation is separate entity from the individual & his personal income. |
|
|
| Jim Miller | Feb 19 2012, 09:30 PM Post #4 |
|
Fire & Ice Senior Diplomat
![]() ![]() ![]()
|
Unless you are a citizen here or and/or can vote in our elections, Paul, your opinion is meaningless.
Edited by Jim Miller, Feb 19 2012, 09:30 PM.
|
![]() |
|
| Deleted User | Feb 19 2012, 09:33 PM Post #5 |
|
Deleted User
|
Someone took the cover off the parrots cage a bit early today. |
|
|
| Mountainrivers | Feb 19 2012, 09:35 PM Post #6 |
|
Fire & Ice Senior Diplomat
![]() ![]() ![]()
|
The simple solution to the double taxation problem, imo, is to require that all profits be distributed to the shareholders, which would then be taxed at the individuals tax rate. No taxes on the corporation. |
![]() |
|
| Jim Miller | Feb 19 2012, 09:36 PM Post #7 |
|
Fire & Ice Senior Diplomat
![]() ![]() ![]()
|
Apparently they did. |
![]() |
|
| Chris | Feb 19 2012, 09:45 PM Post #8 |
![]()
Fire & Ice Senior Diplomat
![]() ![]() ![]()
|
Sounds like sweeping the problem under the carpet. |
![]() |
|
| Mountainrivers | Feb 19 2012, 09:45 PM Post #9 |
|
Fire & Ice Senior Diplomat
![]() ![]() ![]()
|
Explain! |
![]() |
|
| Deleted User | Feb 19 2012, 09:48 PM Post #10 |
|
Deleted User
|
Sounds pretty sensible to me. |
|
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
| Go to Next Page | |
| « Previous Topic · Fire And Ice General Discussion · Next Topic » |





![]](http://z3.ifrm.com/static/1/pip_r.png)




10:17 PM Jul 11
