CREDO, tax the millionaires and millionaires

Discussion in 'The Red Room' started by KIRK1ADM, Jun 7, 2011.

  1. KIRK1ADM

    KIRK1ADM Bored Being

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    Last edited: Jun 7, 2011
  2. garamet

    garamet "The whole world is watching."

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    "Tell Congress: Tax millionaires and billionaires"
  3. sandbagger

    sandbagger Fresh Meat

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    Eat the Rich
  4. KIRK1ADM

    KIRK1ADM Bored Being

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    Thank you. You have heard of the term typo?
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  5. Lanzman

    Lanzman Vast, Cool and Unsympathetic Formerly Important

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    It's Kirk. He's a moron. It's what you get.
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  6. KIRK1ADM

    KIRK1ADM Bored Being

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    And you are a fat slob.
  7. Paladin

    Paladin Overjoyed Man of Liberty

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    :facepalm:
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  8. RickDeckard

    RickDeckard Socialist

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    There are two ways to close a deficit - cuts to spending, and extra revenue raising. Taxes on the rich need to increase.

    In much of Europe as well as the US.
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  9. Starchaser

    Starchaser Fallen Angel

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    The US has the heaviest tax rate in the world. The one thing that accomplished is "Made In China".:storm:
    The US government doesnt have a tax problem, it has a spending problem.
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  10. John Castle

    John Castle Banned Writer

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    Obviously, the answer is to steal more, not to waste less. Of course, the more you steal, the less likely your victims are to stay where you can get at them. Oh -- unless, of course, you make it so they can't leave, take away any voice they could use to change the system and take away their weaponry so they can't, as a last resort, literally fight the system. Huh. Now what does that sound like?

    Here's a better idea: Government takes less, spends way less and remembers its fucking place.
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  11. Captain J

    Captain J 16" Gunner

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    Yes, you have described the formula for economic collapse and disaster.
  12. Rimjob Bob

    Rimjob Bob Sue Collini always gets the weenie

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    The United States needs comprehensive fiscal reform to tackle its incredible deficits of the past decade. Raising taxes on the rich can and should be a good portion of this reform. Despite the incessant claims from Conservatives that the US has the highest tax burden in the world, making us uncompetitive, the opposite is true. We have a lot of room to raise taxes while still keeping them lower than almost every other major economy.
  13. Demiurge

    Demiurge Goodbye and Hello, as always.

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    US corporate tax rate: Nominal, 35%. The average actually paid varies by industries, but is averages about 25%.
    http://reporting.sunlightfoundation.com/2011/comparing-national-corporate-tax-rates/

    Of course, GE famously paid no income tax on $5.1 billion in profits. Once again, we see that the big companies with the best lobbyists, accountants and lawyers manipulate the system to their benefit - and the system is intentionally made so that can be done.
    http://articles.moneycentral.msn.com/Taxes/Advice/why-your-tax-bill-is-higher-than-ges.aspx

    US income tax: Near record lows:
    http://www.washingtonpost.com/wp-dyn/content/article/2009/04/15/AR2009041503371.html

    http://www.usatoday.com/money/perfi/taxes/2010-05-10-taxes_N.htm

    No VAT. Low sales tax.

    The US is not over taxed.. Indeed, our real tax rate is the lowest it's been in three quarters of a century.

    That didn't give us 'Made in China.' That gave us 'OWNED by China.'

    As far as the government spending too much money - damned right. But we are in such a big hole not only because of that, but because we have a system were some parties have significant advantages over others.

    It's pay for play, and it's just another form of graft and corruption.
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  14. KIRK1ADM

    KIRK1ADM Bored Being

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    That is my point. It doesn't what the tax rates are. As long as government spending exceeds revenues we will see the problems we have right now.
  15. RickDeckard

    RickDeckard Socialist

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    I'm sure you can provide evidence for this.
  16. Starchaser

    Starchaser Fallen Angel

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    Yes I can sweetie.

    U.S. States Lead the World in High Corporate Taxes

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  17. cpurick

    cpurick Why don't they just call it "Leftforge"?

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    I wonder if the revolution would come sooner if we'd stop calling it a revolution and start calling it "open season on liberals."

    It's been "open season on the rich" for far too long.
  18. RickDeckard

    RickDeckard Socialist

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    So, ignoring the fact that the headline rate is much higher than the actual corporate tax rate, and that most US corporations have been paying no tax whatsoever, what has that got to do with income taxes for the rich (what this thread is about) or overall tax rates?
  19. Starchaser

    Starchaser Fallen Angel

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  20. cpurick

    cpurick Why don't they just call it "Leftforge"?

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    I love watching Demi worship the jackboot of government, while lamenting that they never seem to put it quite where he wants it. Because a government with no jackboots is simply out of the question, but those who seek to protect themselves from the jackboot are eeeevul.
  21. Demiurge

    Demiurge Goodbye and Hello, as always.

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    Yeah, the rich are really suffering.

    Oh, it's the best environment to be rich since the 'Golden Age' of the 20s?

    Yeah, just another meaningless CPURick opinion based on hyperbole and rhetoric.
  22. Demiurge

    Demiurge Goodbye and Hello, as always.

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    Sorry man, a meaningless stat.

    Yes, we have a high nominal tax rate.

    Problem is, that isn't the rate they actually pay. Very few countries have the number of loopholes we have.

    http://www.smartmoney.com/invest/markets/high-corporate-tax-rate-is-misleading-22463/

    We don't have high corporate taxes. It's an intentional deceit.
  23. Starchaser

    Starchaser Fallen Angel

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    There's a good point. The tax laws in this country are so complex, even the IRS doesnt understand them. Thus the need for tax havens.
    Also bribery IE lobbying should be illegal. Business' dont know what's comming down the pike with an administration that seems hostile to business in general.
    Corperations may be able to hire an army of lawyers to get around tax laws but smaller business', the backbone of the economy are faced with ever increasing regulation and uncertanty. That's why you have business' reluctant to hire and entrepeneurs unwilling to start any new business'. It's a visious circle.
    Yet, why should the job creators be punished for sucess when the government shows no fiscal responcibility whatsoever?
    Either a fair tax or a flat tax could be a good place to start.
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  24. Diacanu

    Diacanu Comicmike. Writer

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    (To millionaires)
    I love you. :spock:

    (To millionaires)
    ...but I hate you. :spock:

    [​IMG]
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  25. John Castle

    John Castle Banned Writer

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    [​IMG]
    [​IMG]

    Eerie similarity? Or creepy similarity? :calli:
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