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(Yahoo)   Poll shows that the majority of the 1% are either liars or have fantastic tax attorneys   (finance.yahoo.com ) divider line
    More: Obvious, American Express, Buffett Rule, income taxes  
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4263 clicks; posted to Business » on 22 Dec 2012 at 10:48 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



32 Comments   (+0 »)
   
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2012-12-22 06:25:08 AM  
Both could be true.
 
vpb [TotalFark]
2012-12-22 06:45:13 AM  
i don't think Republicans are opposing the people they want to protect. The ones who give them money are the ones they want to protect.
 
2012-12-22 09:20:05 AM  
funny
they ask people making at least 450k
and more than half say to tax people more who make more than 500k
 
2012-12-22 09:34:42 AM  

vpb: i don't think Republicans are opposing the people they want to protect. The ones who give them money are the ones they want to protect.


They're not the 1%, they're the .01%
 
2012-12-22 11:18:44 AM  

Frederick: Both could be true.


Or both wrong and they just cheat on their taxes.
 
2012-12-22 11:29:02 AM  

Frederick: Both could be true.



yep. Both. they're all in fear that the 'little people' are out to steal their precious money. but the truth is that the 'little people' just want them to play by the same rules as everyone else and to stop buying off our Legislators.
 
2012-12-22 11:30:35 AM  

HempHead: Frederick: Both could be true.

Or both wrong and they just cheat on their taxes.



the 1% view that as "Freedom".
 
2012-12-22 11:33:16 AM  
One of those odd things that gets missed in this sort of story: a lot of the rich folks wouldn't mind paying a higher tax rate - if you simplified their taxes to make up for it.

It's a "time versus money" issue. Once you hit a certain income level, you end up spending a lot more time dealing with the tax implications (and paperwork). For the really high incomes, it can be weeks of time just dealing with the bureaucracy, not to mention paying a bunch of accountants and business managers who do nothing productive except taxes.

A two or three percent increase in taxes, in return for a lot less paperwork and annoyance? A more than fair tradeoff for those folks. ;And yes, I've met some of really rich guys who have said exactly that.
 
2012-12-22 11:34:11 AM  
Well, you could have lower taxes and live in an area with high income inequality. You know, someplace like Mexico, where the rich live in walled communities and fear going outside. Or, you could have slightly higher taxes and live someplace with low crime.
 
2012-12-22 11:56:22 AM  
Rich tax weasels should be prosecuted and shamed as thieves.
Everytax dollar they dodge is a dollar more paid by a poor person.
 
2012-12-22 12:11:31 PM  
Obama is going to have compromise by insituting a stop gap measure to extend the Bush tax cuts and prevent deep spending cuts.
 
2012-12-22 12:25:33 PM  
Well, you don't get ahead by telling the truth and giving your money away...
 
2012-12-22 12:40:12 PM  

cirby: One of those odd things that gets missed in this sort of story: a lot of the rich folks wouldn't mind paying a higher tax rate - if you simplified their taxes to make up for it.

It's a "time versus money" issue. Once you hit a certain income level, you end up spending a lot more time dealing with the tax implications (and paperwork). For the really high incomes, it can be weeks of time just dealing with the bureaucracy, not to mention paying a bunch of accountants and business managers who do nothing productive except taxes.

A two or three percent increase in taxes, in return for a lot less paperwork and annoyance? A more than fair tradeoff for those folks. ;And yes, I've met some of really rich guys who have said exactly that.


Yeah I could see many of them thinking "I pay a lillte more in taxes but I only need one accountant who can tell my what the nut is in a day? Deal." I grew up in Los Gatos and was best friends with the kid of a 1%er. The one thing he never wanted to talk about was money. I bet if you were to ask him he would be OK paying more in taxes so long as he didn't have to talk about it.
 
2012-12-22 01:03:51 PM  
Well, most of them didn't get to be where they are because they are stupid. They realize that higher taxes are a part of the only workable solution to this debt problem. They don't like it, they have just accepted it as truth and the consequences of the economy and society at large imploding are far worse than a little lost money.
 
2012-12-22 01:06:34 PM  

Funk Brothers: Obama is going to have compromise by insituting a stop gap measure to extend the Bush tax cuts and prevent deep spending cuts.


Yes, it would be best if the US Government defaulted on its obligations. You are very correct.

/not correct at all
 
2012-12-22 01:38:59 PM  

jst3p: cirby: One of those odd things that gets missed in this sort of story: a lot of the rich folks wouldn't mind paying a higher tax rate - if you simplified their taxes to make up for it.

It's a "time versus money" issue. Once you hit a certain income level, you end up spending a lot more time dealing with the tax implications (and paperwork). For the really high incomes, it can be weeks of time just dealing with the bureaucracy, not to mention paying a bunch of accountants and business managers who do nothing productive except taxes.

A two or three percent increase in taxes, in return for a lot less paperwork and annoyance? A more than fair tradeoff for those folks. ;And yes, I've met some of really rich guys who have said exactly that.

Yeah I could see many of them thinking "I pay a lillte more in taxes but I only need one accountant who can tell my what the nut is in a day? Deal." I grew up in Los Gatos and was best friends with the kid of a 1%er. The one thing he never wanted to talk about was money. I bet if you were to ask him he would be OK paying more in taxes so long as he didn't have to talk about it.


As a 2%er living in Los Gatos, I'm getting a kick out of your reply.  Now, let's discuss interest rates on Treasury Bonds shall we...
 
2012-12-22 02:50:38 PM  
But the survey clearly shows most One Percenters favor taxing themselves. More than half say that they support taxing those making $500,000 or more.
That's up from 51 percent in the second quarter.


Durrr.... How do I math?


Still, a majority support for tax increases on themselves, presumably for the sake of the broader economy.

The rich make MUCH more money when the economy is good. The rich are willing to make a small investment for a large return? Inconceivable! Obvious.
 
2012-12-22 03:12:23 PM  

TheWhoppah: Rich tax weasels should be prosecuted and shamed as thieves.
Everytax dollar they dodge is a dollar more paid by a poor person.


So rewarding Tim Geithner was a bad move on obama's part?
 
2012-12-22 04:16:45 PM  

Funk Brothers: Obama is going to have compromise by insituting a stop gap measure to extend the Bush tax cuts and prevent deep spending cuts.


Just because you keep posting it doesn't make it true.

Over the cliff, tax cut bill for 250K and under, and spending bill first day of Congress, retroactive to January 1. What will be hilarious is if the Republicans dare fight it.

/doubts their moneyed masters would let them
 
2012-12-22 04:24:17 PM  

TheWhoppah: Rich tax weasels should be prosecuted and shamed as thieves.
Everytax dollar they dodge is a dollar more paid by a poor person.


that is quite possibly the dumbest thing i have read on fark in a while.
Congrats!
 
2012-12-22 06:28:31 PM  

Eddie Adams from Torrance: vpb: i don't think Republicans are opposing the people they want to protect. The ones who give them money are the ones they want to protect.

They're not the 1%, they're the .01%


The Illuminati!
 
2012-12-22 08:22:42 PM  
Fighting to save an extra 5% on capital gains and 4% on marginal income isn't worth it when market panic is erasing 6% of your portfolio a month.

At this point, the smart money wants stability for a while, so there's actually some capital gains left to tax.
 
2012-12-23 12:41:16 AM  
fark taxes.

Bring back Proscription.
 
2012-12-23 01:06:37 AM  
I always get a kick out of these articles.  If they want to pay more taxes, then by all means, they should.  There's nothing saying you cant pay more than you're supposed to.
 
2012-12-23 01:10:00 PM  

ReapTheChaos: I always get a kick out of these articles.  If they want to pay more taxes, then by all means, they should.  There's nothing saying you cant pay more than you're supposed to.


i51.tinypic.com

I always get a kick out of this retarded argument.

Aside from the obvious general principle that any policy--given the premise that one believes it is for the greater good--must be mandatory in order to be effective, why would anyone subject themselves to potential competitive disadvantages without knowing that the proper rules will be enforced across the board?

Please don't vote. The only good thing about your vote is that (I'm guessing) it probably cancels out that of an equally misinformed crack-addict welfare mom somewhere out there.
 
2012-12-23 04:25:51 PM  
If this really is about them believing they need to pay their fair share, no one is stopping these people from cutting the IRS a check. It doesn't matter if you are rich or poor, it is always easy to say you think others should spend more of their own money, but if you really feel inclined to pay more of your own, that is where you can prove a point.
 
2012-12-23 06:25:28 PM  

06Wahoo: If this really is about them believing they need to pay their fair share, no one is stopping these people from cutting the IRS a check. It doesn't matter if you are rich or poor, it is always easy to say you think others should spend more of their own money, but if you really feel inclined to pay more of your own, that is where you can prove a point.


Maybe they do. Why would that "prove" anything? Do you understand what the point of a law is?
 
2012-12-23 07:52:31 PM  

Nemo's Brother: TheWhoppah: Rich tax weasels should be prosecuted and shamed as thieves.
Everytax dollar they dodge is a dollar more paid by a poor person.

So rewarding Tim Geithner was a bad move on obama's part?


No.
 
2012-12-24 07:02:34 AM  
I don't believe that there's some do-gooder, altruist motive behind any rich person's stated desire to be taxed more. It's a PR stunt, nothing more. "Please raise my taxes; my employees hate me!"

Soak 'em, I say - take every last penny, every asset, all of it, and put them all on the streets, if not in stockades in Times Square so the people can abuse them publicly.

I don't know what we'll do next week when there's no money to take, of course, but it's a start, and I'll feel better knowing that the stinking rich can't ... um ... do whatever it is they're doing to me now ... I'm not sure what that is, but they're the reason my life isn't perfect!
 
2012-12-24 12:58:54 PM  

Lernaeus: I don't believe that there's some do-gooder, altruist motive behind any rich person's stated desire to be taxed more. It's a PR stunt, nothing more. "Please raise my taxes; my employees hate me!"


Or it could be that they're simply voting for their own best interest. More taxes->better economy->stronger dollar->imports cost less->rich people can buy more with their money.

One rich person donating money doesn't do anything. Raising taxes on rich people will help the rich.
 
2012-12-24 01:12:30 PM  

The Jami Turman Fan Club: Lernaeus: I don't believe that there's some do-gooder, altruist motive behind any rich person's stated desire to be taxed more. It's a PR stunt, nothing more. "Please raise my taxes; my employees hate me!"

Or it could be that they're simply voting for their own best interest. More taxes->better economy->stronger dollar->imports cost less->rich people can buy more with their money.

One rich person donating money doesn't do anything. Raising taxes on rich people will help the rich.


Very true if the Rich were confined to one country like their employees are.
 
2012-12-24 02:27:24 PM  

The Jami Turman Fan Club: More taxes->better economy->stronger dollar->imports cost less->rich people can buy more with their money.


Except we all know that's not going to happen.

Instead, it will be higher taxes (or sunsets on tax cuts) for week-to-week wage earners -> less money in paycheck -> further behind on bills -> repossession of car -> loss of job due to lack of transportation -> eviction due to insufficient income -> entitlement dependency -> higher taxes on workers ... basically, the same ol' cycle we've been in for the past 4 decades or more.

Taxing the rich isn't going to change a damn thing save for making the "tax the rich" crowd a little happier.
 
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