01-23-2017, 07:02 PM
(01-23-2017, 12:12 PM)The Wonkette Wrote:(01-22-2017, 10:28 PM)Warren Dew Wrote:(01-22-2017, 02:58 PM)Mikebert Wrote:(01-22-2017, 02:19 AM)Warren Dew Wrote:(01-21-2017, 06:54 PM)flbones too Wrote: I don't understand why the GOP consntly puts out tax plans that favor the rich. What's up with that? Are they really that retarded?
They don't. They put out tax plans that help everyone, and the Democrats reinstate the taxes on everyone but the billionaires.
Bush passed the last big tax cuts. When it came time for them to end, they were preserved for everyone except those who made more than 250K, who saw their tax rates return to the 1990's levels. The next result was taxes were raised on those high income folks. I should know, I sold a bunch of stock (which boosted our income for that year to the top bracket) and we to write a big check because I had forgotten about this and not adjusted our extra withholding higher.
Are you a billionaire?
If not, your pretensions to being "rich" are bogus.
If so, you need to get some tax advice from other billionaires, because they certainly aren't paying the top tax bracket, or in fact any bracket at all.
Do you mean that the "rich" only consists of billionaires and not mere multimillionaires like Romney, Madonna, and the Clintons? That is a novel definition. Or do you have another definition of "rich"?
The billionaires are the only rich that really matter in terms of effect on the economy. Last I checked, Buffett was 180 times richer than Romney, but paid an effective tax rate 90 times lower. Anyone who actually wants to tax the rich has to address that mismatch, and has to address the billionaires.
Come on, it only takes the richest 8 people in the world to match the net worth of the bottom 3,500,000,000 people. How come the Democrats aren't going after those 8, or at least the 4 or so that live in the US?
Because the Democrats protect the actual rich people, of course.
Quote:I would guess that Mikebert is a mere millionaire, as is about 7 percent of the country now. A million dollars is still a good chunk of change. Of course, I could be wrong; maybe he has more cash cached away.
Being a millionaire these days takes nothing more than having owned a house in a high cost area of the country for a few years. If it's 7% of the country; it's not "the rich"; it's not even the 1%.