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#2
posted to rec.boats
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Obama endorses slavery
On 4/10/2011 8:57 PM, Harryk wrote:
Canuck57 wrote: On 10/04/2011 11:29 AM, Harryk wrote: wrote: On Sun, 10 Apr 2011 11:27:56 -0400, wrote: wrote: On Sun, 10 Apr 2011 07:14:04 -0400, wrote: wrote: On Sun, 10 Apr 2011 00:47:12 -0500, Boating All Out wrote: I agree they will pay until it becomes such a huge problem that the kids throw momma from the train. They just have to learn to vote and to understand SS and Medicare is a massive wealth transfer from the young to the old. All that needs to be done is to substantially raise social security taxes on the wealthy, as part of the price they have to pay for accumulating wealth. Federal taxes generally in this country are frar too low on the wealthy. It sounds like a panacea to simply tax the wealthy more and I like the idea but I also understand it is not going to be any kind of silver bullet. There are simply not enough rich people and they are not that rich. If you took all of the hard assets from the richest 400 people in the US it wouldn't balance the budget. Higher federal taxes of all kinds for the wealthy, drastic cuts in military spending, and you are much farther along the road than what the teahadists have in mind. The real question is whether the wealthy would actually pay those taxes or whether they would simply move their money offshore. You can certainly go get the moderately wealthy $250k-500k but the obscenely wealthy are usually in international trade and just like Exxon and GE, they can hide their money in a low tax country that is very happy to have them. Personally I think we all need to pay more taxes. This was another year where I paid a record low amount on a $100k "line 39". It was less than 11%. I used to always plan on 18-20% top line to bottom line on page 2 of the 1040. They are already means testing SS through the tax code but I expect to see that being a more direct test. My bet is, within 5 years, if you have any other income, a big percentage of that will be directly deducted from your SS . (again, probably through the tax code). Right now the means test is if you make more than $32k, 85% of your SS is taxable at your current rate. It will be as cumbersome as the current SS work sheet but the bottom line for people with other income will be "how much SS did you get"? ,.. "Send it in". Impose heavy tax penalties on storage of assets that are abroad and should be taxable here. There's no societal purpose in allowing the very wealthy to game the system. Funny. So funny. Dream on. You are so low IQ it isn't funny. Really? I'd bet my IQ is significantly higher than yours. You write as if you never completed the 8th grade. Plus, you're bat**** crazy *and* a racist. And you think gold is an investment. Ten points tops. And that's being generous, dreamer boy. What did your education get you? If mom and dad didn't take care of you in their wills, you would have squat now,except for what the benevolent Miss Grear has bestowed upon you. Putting it simply, you are a fraud Harry. |
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#3
posted to rec.boats
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Obama endorses slavery
In article , says...
On 4/10/2011 8:57 PM, Harryk wrote: Canuck57 wrote: On 10/04/2011 11:29 AM, Harryk wrote: wrote: On Sun, 10 Apr 2011 11:27:56 -0400, wrote: wrote: On Sun, 10 Apr 2011 07:14:04 -0400, wrote: wrote: On Sun, 10 Apr 2011 00:47:12 -0500, Boating All Out wrote: I agree they will pay until it becomes such a huge problem that the kids throw momma from the train. They just have to learn to vote and to understand SS and Medicare is a massive wealth transfer from the young to the old. All that needs to be done is to substantially raise social security taxes on the wealthy, as part of the price they have to pay for accumulating wealth. Federal taxes generally in this country are frar too low on the wealthy. It sounds like a panacea to simply tax the wealthy more and I like the idea but I also understand it is not going to be any kind of silver bullet. There are simply not enough rich people and they are not that rich. If you took all of the hard assets from the richest 400 people in the US it wouldn't balance the budget. Higher federal taxes of all kinds for the wealthy, drastic cuts in military spending, and you are much farther along the road than what the teahadists have in mind. The real question is whether the wealthy would actually pay those taxes or whether they would simply move their money offshore. You can certainly go get the moderately wealthy $250k-500k but the obscenely wealthy are usually in international trade and just like Exxon and GE, they can hide their money in a low tax country that is very happy to have them. Personally I think we all need to pay more taxes. This was another year where I paid a record low amount on a $100k "line 39". It was less than 11%. I used to always plan on 18-20% top line to bottom line on page 2 of the 1040. They are already means testing SS through the tax code but I expect to see that being a more direct test. My bet is, within 5 years, if you have any other income, a big percentage of that will be directly deducted from your SS . (again, probably through the tax code). Right now the means test is if you make more than $32k, 85% of your SS is taxable at your current rate. It will be as cumbersome as the current SS work sheet but the bottom line for people with other income will be "how much SS did you get"? ,.. "Send it in". Impose heavy tax penalties on storage of assets that are abroad and should be taxable here. There's no societal purpose in allowing the very wealthy to game the system. Funny. So funny. Dream on. You are so low IQ it isn't funny. Really? I'd bet my IQ is significantly higher than yours. You write as if you never completed the 8th grade. Plus, you're bat**** crazy *and* a racist. And you think gold is an investment. Ten points tops. And that's being generous, dreamer boy. What did your education get you? If mom and dad didn't take care of you in their wills, you would have squat now,except for what the benevolent Miss Grear has bestowed upon you. Putting it simply, you are a fraud Harry. Even with Harrys lack of grades, his daddy bought him a place at some mid west university of no consequence, so he wouldn't have to go to Vietnam... -- Rowdy Mouse Racing - We race for cheese! |
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