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  #21  
Old 02-20-2008, 01:15 PM
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kolya23 kolya23 is offline
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The point of that was that people who derive most of their means from income subsidize those who derive most of their means from capital gains.
I don't buy this... Paris Hilton isn't racking up Medicare costs.
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  #22  
Old 02-20-2008, 01:19 PM
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That's as idiotically silly as suggesting that those advocating for higher taxes should just chip in more when they file the tax return, or else they're hypocrites. Socialist policy proposals typically don't work unless they're implemented on a societal rather than individual level.
IFYP
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  #23  
Old 02-20-2008, 01:20 PM
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E. Blackadder E. Blackadder is offline
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I bet those Amish want their broadband, and they want it NOW!
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If once a man indulges himself in murder, very soon he comes to think little of robbing; and from robbing he comes next to drinking and Sabbath-breaking, and from that to incivility and procrastination. Once begun upon this downward path, you never know where you are to stop. Many a man has dated his ruin from some murder or other that perhaps he thought little of
at the time.
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  #24  
Old 02-20-2008, 01:20 PM
Heywood J Heywood J is offline
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IFYP
Thanks, but I got it right the first time.
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  #25  
Old 02-20-2008, 01:24 PM
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The Diabolical Biz Markie The Diabolical Biz Markie is offline
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The point of that was that people who derive most of their means from income subsidize those who derive most of their means from capital gains.
No they don't.

The people who derive most of their means from capital gains EMPLOY those who derive most of their gains from income (you meant "wages").

People, by deploying capital, create jobs (which contribute payroll taxes and income taxes to the gummint coffers), earn income (which generates taxes for the gummint coffers), and pay various gummint taxes like sales tax, premium tax, etc. And then when they sell their shares, they pay capital gains...and people like you say they aren't paying their share.


If you wanted to be completely fair and treat all income equally, you'd have to get rid of several of the taxes already on business and capital...and THEN you could treat cap gains and wages as income, and achieve some fairness.


And even attempting to make a clear distinction between wage earners and capital providers (or proletariat and bourgeous, if you prefer) is pointless. Most rich work, and most workers own some capital. It's just a question of degree. All that stuff sitting in your 401K is capital. You are a capitalist.

If you don't like it that some people have more capital than you, tough. Maybe you should save more and spend less.
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“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”

"When the stock market crashed, Franklin D. Roosevelt got on the television and didn't just talk about the, you know, the princes of greed. He said, 'Look, here's what happened.'"--Joe Biden
Last edited by The Diabolical Biz Markie; 02-20-2008 at 01:30 PM..
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  #26  
Old 02-20-2008, 02:18 PM
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Corporation tax + capital gains < income tax?
Why are you lumping Corporate tax with Capital Gains and not income tax? That's like saying Capitals Gains should be lower because they are already paying taxes because they pay the employees who pay taxes.

If you got rid of Corporate taxes the benefit would go to everyone not just the Cap Gains people.
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  #27  
Old 02-20-2008, 02:23 PM
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People, by deploying capital, create jobs in China (which contribute payroll taxes and income taxes to the gummint coffers in China), earn income (which generates taxes for the gummint coffers) , and pay various gummint taxes like sales tax, premium tax, etc as the rest of us do. And then when they sell their shares, they pay capital gains...and people like you say they aren't paying their share.
IFYP.

My Cap Gains taxes are no higher if I invest in companies that do zero business in the US.


Quote:
If you wanted to be completely fair and treat all income equally, you'd have to get rid of several of the taxes already on business and capital...and THEN you could treat cap gains and wages as income, and achieve some fairness.
I'd like to get rid of all of the 'hidden taxes' also.

Quote:
And even attempting to make a clear distinction between wage earners and capital providers (or proletariat and bourgeous, if you prefer) is pointless. Most rich work, and most workers own some capital. It's just a question of degree. All that stuff sitting in your 401K is capital. You are a capitalist.

If you don't like it that some people have more capital than you, tough. Maybe you should save more and spend less.
I would save more if the Gov't didn't take so much of my money!
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succeed without lots of work
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  #28  
Old 02-23-2008, 07:12 PM
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More Scintillating Footage.

and... The Eyes of Texas are uponama
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If once a man indulges himself in murder, very soon he comes to think little of robbing; and from robbing he comes next to drinking and Sabbath-breaking, and from that to incivility and procrastination. Once begun upon this downward path, you never know where you are to stop. Many a man has dated his ruin from some murder or other that perhaps he thought little of
at the time.
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  #29  
Old 02-24-2008, 08:14 AM
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Somebody needs to take away her emotion chip.
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  #30  
Old 02-24-2008, 01:56 PM
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Alto Reed on a Tenor Sax Alto Reed on a Tenor Sax is offline
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I don't buy this... Paris Hilton isn't racking up Medicare costs.
Umm, I can think of at least one thing Paris did last year that cost taxpayers many thousands of dollars.
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