But that would more than double Mitt Romney's taxes! Who will think of the Romney's?

40! Do I hear 40?

If that was all they were paying I'm sure they would love it too!

Lets just pick a number and apply it to all Americans? Just one number for everyone! What a great and simple idea! I'm shocked no one else has thought of this!


I wonder what I should call it?????

Except active military. If anyone one should pay zero taxes it's the boys and girls on active duty.

The Stealth Hippopotamus: If that was all they were paying I'm sure they would love it too!

Lets just pick a number and apply it to all Americans? Just one number for everyone! What a great and simple idea! I'm shocked no one else has thought of this!


I wonder what I should call it?????

Unlikely

Isn't the tax rate already in the mid-30s under the traditional definition of income according to the IRS? Doesn't Obama need to specifically target the capital gains tax? Or is he trying to change the definition of income to mean everything you make?

Angry Drunk Bureaucrat: TAX BEN STEIN'S MONEY

FLAWLESS VICTORY

The Stealth Hippopotamus: I wonder what I should call it?????

Regressive.

Lumpmoose: Isn't the tax rate already in the mid-30s under the traditional definition of income according to the IRS? Doesn't Obama need to specifically target the capital gains tax? Or is he trying to change the definition of income to mean everything you make?

I think he's been saying something along the lines of "income from whatever source", intending to include both ordinary income and capital gains.

Obama's plan is basically an alternative minimum tax for millionaires.

The Stealth Hippopotamus: Except active military. If anyone one should pay zero taxes it's the boys and girls on active duty.

Unless they're gay.

But that would hurt the......

Anyone?


Anyone?


Anyone?


Job Creators.

I keep on hearing that Capital Gains are taxed at a lower rate because that, "money is invested and stimulates the economy, creating jobs"...

Yet, I haven't heard anyone explain how that money stimulates the economy and creates jobs.

Can someone more knowledgeable on the subject enlighten me?

Eddie Adams from Torrance: But that would hurt the......

Anyone?


Anyone?


Anyone?


Job Creators.

Very nice.

The Stealth Hippopotamus: If that was all they were paying I'm sure they would love it too!

Lets just pick a number and apply it to all Americans? Just one number for everyone! What a great and simple idea! I'm shocked no one else has thought of this!


I wonder what I should call it?????

A simple idea for a complex world, but at least it requires no real thought.

Angry Drunk Bureaucrat: You never go AMT.

Sometimes, when the political climate is just right... you go AMT.

dryknife: The Stealth Hippopotamus: Except active military. If anyone one should pay zero taxes it's the boys and girls on active duty.

And Policemen and Firemen!

And Ambulance Drivers!

And Cowboys!

Not Indians.

And Space Men

And Unicorn Hunters

And Obi Wan Kenobi that dude has been through too much

keylock71: I keep on hearing that Capital Gains are taxed at a lower rate because that, "money is invested and stimulates the economy, creating jobs"...

Yet, I haven't heard anyone explain how that money stimulates the economy and creates jobs.

Can someone more knowledgeable on the subject enlighten me?

Back a few dozen years, when the actual manufacturing was still done in the US that money would be plowed back into the business, creating more jobs, both for the factory expansion, and the factory workers as well. more stuff got made, more stuff got bought, rinse and repeat.
Now it's mostly a fond memory.

The Stealth Hippopotamus: If that was all they were paying I'm sure they would love it too!

Lets just pick a number and apply it to all Americans? Just one number for everyone! What a great and simple idea! I'm shocked no one else has thought of this!


I wonder what I should call it?????

Call it stupidity.

Progressive tax is about collecting the most money while inflicting the least burden on the society.

Of course it's fair. That's why most 1%ers hate it.

Lionel Mandrake: Of course it's fair. That's why most 1%ers hate it.

I still can't figure out why the fark shills hate the plan tho. God knows they're not in the 1%.

Weaver95: Lionel Mandrake: Of course it's fair. That's why most 1%ers hate it.

I still can't figure out why the fark shills hate the plan tho. God knows they're not in the 1%.

But they will be some day. Bootstraps and all that.

sno man: keylock71: I keep on hearing that Capital Gains are taxed at a lower rate because that, "money is invested and stimulates the economy, creating jobs"...

Yet, I haven't heard anyone explain how that money stimulates the economy and creates jobs.

Can someone more knowledgeable on the subject enlighten me?

Back a few dozen years, when the actual manufacturing was still done in the US that money would be plowed back into the business, creating more jobs, both for the factory expansion, and the factory workers as well. more stuff got made, more stuff got bought, rinse and repeat.
Now it's mostly a fond memory.

So, basically, these days, it's nothing more than a nice little perk of being wealthy and doesn't really stimulate anything except the bottom line of the wealthy?

GWLush: Weaver95: Lionel Mandrake: Of course it's fair. That's why most 1%ers hate it.

I still can't figure out why the fark shills hate the plan tho. God knows they're not in the 1%.

But they will be some day. Bootstraps and all that.

that's just it - they WON'T be in that 1%. Or rather its extremely unlikely. class mobility in this country is largely downwards, not upwards.

Obama could tax 100% of the bajillionaire's money. It still wouldn't put a dent in the treasury as long as he has to borrow money to save it.

all this has become is class warfare at its best. Tax the rich (and you are rich if you have a job).

Weaver95: GWLush: Weaver95: Lionel Mandrake: Of course it's fair. That's why most 1%ers hate it.

I still can't figure out why the fark shills hate the plan tho. God knows they're not in the 1%.

But they will be some day. Bootstraps and all that.

that's just it - they WON'T be in that 1%. Or rather its extremely unlikely. class mobility in this country is largely downwards, not upwards.

It's a great question and I have never been able to get a Conservative to answer why.

keylock71: sno man: keylock71: I keep on hearing that Capital Gains are taxed at a lower rate because that, "money is invested and stimulates the economy, creating jobs"...

Yet, I haven't heard anyone explain how that money stimulates the economy and creates jobs.

Can someone more knowledgeable on the subject enlighten me?

Back a few dozen years, when the actual manufacturing was still done in the US that money would be plowed back into the business, creating more jobs, both for the factory expansion, and the factory workers as well. more stuff got made, more stuff got bought, rinse and repeat.
Now it's mostly a fond memory.

So, basically, these days, it's nothing more than a nice little perk of being wealthy and doesn't really stimulate anything except the bottom line of the wealthy?

Yea, pretty much.

GWLush: Weaver95: GWLush: Weaver95: Lionel Mandrake: Of course it's fair. That's why most 1%ers hate it.

I still can't figure out why the fark shills hate the plan tho. God knows they're not in the 1%.

But they will be some day. Bootstraps and all that.

that's just it - they WON'T be in that 1%. Or rather its extremely unlikely. class mobility in this country is largely downwards, not upwards.

It's a great question and I have never been able to get a Conservative to answer why.

I just don't get it. if your guiding economic philosophy is 'f*ck you, I got mine' then you cannot vote Republican. the GOP already HAS theirs and has little or no interest in helping anyone else get ahead in life. the way the Republicans see it - this is a zero sum game. in order for one of the rank and file to become rich, one of the currently rich people has to give up some of their advantages...and they'll never do that because hey - f*ck you, they got theirs.

Weaver95: GWLush: Weaver95: Lionel Mandrake: Of course it's fair. That's why most 1%ers hate it.

I still can't figure out why the fark shills hate the plan tho. God knows they're not in the 1%.

But they will be some day. Bootstraps and all that.

that's just it - they WON'T be in that 1%. Or rather its extremely unlikely. class mobility in this country is largely downwards, not upwards.

you don't know that! Those powerball numbers they've been playing for 13 years will come up someday!

Also, if they defend the rich, they psychically know and will send back good vibes to them, and reward them somehow. That's how it works.

Weaver95: Lionel Mandrake: Of course it's fair. That's why most 1%ers hate it.

I still can't figure out why the fark shills hate the plan tho. God knows they're not in the 1%.

If the comments to that article are any indication, it's because there's not enough spending cuts to go along with it. Conservatives love spending cuts. As long as they're not to the military. Or medicare. Or social security. Conservatives know that the budget problems would be solved if we could just cut all funding to PBS.

EnviroDude: Obama could tax 100% of the bajillionaire's money. It still wouldn't put a dent in the treasury as long as he has to borrow money to save it.

all this has become is class warfare at its best. Tax the rich (and you are rich if you have a job).

So a solution has to solve it all or nothing? Really? God life in your world must be so simple.

EnviroDude: Obama could tax 100% of the bajillionaire's money. It still wouldn't put a dent in the treasury as long as he has to borrow money to save it.

all this has become is class warfare at its best. Tax the rich (and you are rich if you have a job).

Horseshiat. So, do nothing to bring in actual money? That is the answer? Also, what does that even mean that you are rich if you have a job? Just because you have a job doesn't mean this tax increase will effect you.

This isn't class warfare this is looking for a solution to fix the problem we currently have. Will taxing the rich fix the debt? Hell no. Will it make a dent? Yes.

Class warfare is demonizing the poor in this country at every turn. Putting the tax burden on the 99% while fighting the good fight for the rich. That is class warfare.

Will this tax increase effect you at all? If so, how?

EnviroDude: Obama could tax 100% of the bajillionaire's money. It still wouldn't put a dent in the treasury as long as he has to borrow money to save it.

all this has become is class warfare at its best. Tax the rich (and you are rich if you have a job).

so in your book, 30% of a couple billion a year income (from corporations and the few 1% who make that much money) is exactly the same as taxing every 'rich person' at 100%?

um...you failed math, didn't you?

adamgreeney: So a solution has to solve it all or nothing? Really? God life in your world must be so simple.

They've been using the "all or nothing" argument for years now. It's pathetic.

Dusk-You-n-Me: adamgreeney: So a solution has to solve it all or nothing? Really? God life in your world must be so simple.

They've been using the "all or nothing" argument for years now. It's pathetic.

I just can't understand how that logic works. I suppose that's why so many of them are obese and suffer from low IQ's. I mean, cutting your calories won't make your drop 100 pounds in a week, why bother? Reading one book won't make you Carl Sagan, so why bother?

adamgreeney: Dusk-You-n-Me: adamgreeney: So a solution has to solve it all or nothing? Really? God life in your world must be so simple.

They've been using the "all or nothing" argument for years now. It's pathetic.

I just can't understand how that logic works. I suppose that's why so many of them are obese and suffer from low IQ's. I mean, cutting your calories won't make your drop 100 pounds in a week, why bother? Reading one book won't make you Carl Sagan, so why bother?

Unless that one book is Atlas Shrugged, then you instantly become an expert in all facets of politics and economics, and everybody who disagrees with you is a worthless looter or moocher.

The Stealth Hippopotamus: If that was all they were paying I'm sure they would love it too!

Lets just pick a number and apply it to all Americans? Just one number for everyone! What a great and simple idea! I'm shocked no one else has thought of this!


I wonder what I should call it?????

People who don't understand economics have pitched this. And people who do understand, like, you know, economists, have said it won't work.

I'd prefer a new bracket at $1,000,000 at 35% and 5,000,000 at 39%, but in reality, we need to increase cap gains tax a bit at that upper end as well

EnviroDude: all this has become is class warfare at its best.

Oh, there's class warfare alright...and the richest 1% are absolutely kicking ass in that war.

It's nice that they have people like you white-knighting for them. I'm sure you'll be handsomely rewarded.

Weaver95: so in your book, 30% of a couple billion a year income (from corporations and the few 1% who make that much money) is exactly the same as taxing every 'rich person' at 100%?

By the same argument, we shouldn't make a single entitlement cut because cutting 100% of entitlements would not make a dent in the deficit (probably true for some definition of an "entitlement")