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| Topic: Obama wants to tax the rich...again | |
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Edited by
alleoops
on
Tue 01/20/15 12:07 PM
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 For Sale: FIFTY YEAR OLD MANURE SPREADER - $1.00 Fifty-year old manure spreader. Not sure of brand. Said to have been produced in Kenya. Used for a few years in Indonesia before being smuggled into the US via Hawaii. Of questionable pedigree. Does not appear to have ever been worked hard. Apparently it was pampered by various owners over the years. It doesn't work very often, but when it does it can really sling the chit for amazing distances. I am hoping to retire the manure spreader in November. I really don't want it hanging around getting in the way. I would prefer a foreign buyer to relocate the manure spreader out of the country. I would be willing to trade it for a nicely framed copy of the United States Constitution. (Warning when this manure spreader runs too fast the falling chit often lands in unintended places) Location: Currently being stored in a big white house in Washington , D.C. |
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this may be slightly off topic....but could someone explain how the cap (118,000 for 2015) on taxable earnings for social security (fica) is fair to all...? round numbers here for ease of math... i earn 100,000 and pay in 6% ...i pay 6,000 dollars on my total earnings ceo draws a salary of 1 million dollars....he pays in, you guessed it... 6,000 dollars only on his first 100,000 of income...the other 900,000 of income he enjoys without contributing anything to ssa...this is six tenths of his total income....how is this fair ? and how large a chunk of change would this be, if the cap was eliminated entirely..?.. Except now that same CEO pays an EXTRA 10-15% federal, and possibly, state income tax on the remaining $900,000. You are forgetting that American taxes hit people from many directions. and that same CEO raises the price of his products to equate his loss... and who pays for that? WE DO.... a real win win... the taxes arent on the CEOs income or income related to his products,, the taxes are on his PERSONAL Inheritances or Cap GAins (investments) So the raise in taxes will come from retirements and things like property being left to family members. Sounds like a pretty hard hit to the middle class. |
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The main point of all this is...We are all "conditioned" by these politicians that we need more taxes(whatever name you put on them). If Obama wants to help the middle class as he so fervently claims. The simple thing to do would be LET THEM KEEP THEIR MONEY! By cutting their taxes would stimulate the economy and put the purchasing power into the peoples hands, not the governments. We now have a 4 trillion dollar a year budget(compared to under 600billion just 6 years ago)an 18 trillion dollar deficit(3 times what it was 6 years ago) and over 100 trillion in unfunded liabilities. It's time to stop feeding the already obese and over fed government and start cutting the fat and pork. Robbing a dollar from Paul to pay Peter 10 cents just doesn't work. taxes are revenue, it takes revenue to pay for things,,, when we arent bringing in what we need to put out, we either need to put out less or bring in more or some combination we have tried CUTS in spending, raise in revenue is the other part of the equation Indeed it is. But if the system is broken, is it wise to merely throw money at it? At what point are we spending to much for what we receive? By the time you do the math, most Americans are paying half their income or more on taxes. I wonder what we could all afford if our incomes suddenly doubled... |
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For Sale: FIFTY YEAR OLD MANURE SPREADER - $1.00 Fifty-year old manure spreader. Not sure of brand. Said to have been produced in Kenya. Used for a few years in Indonesia before being smuggled into the US via Hawaii. Of questionable pedigree. Does not appear to have ever been worked hard. Apparently it was pampered by various owners over the years. It doesn't work very often, but when it does it can really sling the chit for amazing distances. I am hoping to retire the manure spreader in November. I really don't want it hanging around getting in the way. I would prefer a foreign buyer to relocate the manure spreader out of the country. I would be willing to trade it for a nicely framed copy of the United States Constitution. (Warning when this manure spreader runs too fast the falling chit often lands in unintended places) Location: Currently being stored in a big white house in Washington , D.C.   
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this may be slightly off topic....but could someone explain how the cap (118,000 for 2015) on taxable earnings for social security (fica) is fair to all...? round numbers here for ease of math... i earn 100,000 and pay in 6% ...i pay 6,000 dollars on my total earnings ceo draws a salary of 1 million dollars....he pays in, you guessed it... 6,000 dollars only on his first 100,000 of income...the other 900,000 of income he enjoys without contributing anything to ssa...this is six tenths of his total income....how is this fair ? and how large a chunk of change would this be, if the cap was eliminated entirely..?.. Except now that same CEO pays an EXTRA 10-15% federal, and possibly, state income tax on the remaining $900,000. You are forgetting that American taxes hit people from many directions. and that same CEO raises the price of his products to equate his loss... and who pays for that? WE DO.... a real win win... the taxes arent on the CEOs income or income related to his products,, the taxes are on his PERSONAL Inheritances or Cap GAins (investments) the CEO's are not going to lose money... do you really think they would want to make less money for the same job?... any pay raise, the millions they make are being made by us, the people, buying their products/services... |
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