Tax records on wealthiest Americans released

[tnt]

@Samm

He bought his way in by greasing the palms of lib organizations and politicians. Then he deducted those contributions from his taxable income. Genius, huh?

I am game to change the rules that make that legal - you?

[peek-a-boo]

@JayJay

It does make the second one wrong.

There’s much more compelling evidence for the first.

I have no doubt you believe both of your points. That doesn’t make them factual; simply your opinion. Not surprisingly I disagree with your opinion.

Actually, it would be more accurate to say the second is a subset of the first.

Once again simply your opinion. I don’t agree.

The wealthy are necessary for job creation.

Wow a breakthrough!

They don’t do it all themselves.

Not even Tamny’s piece says that.

And neither did I.

[peek-a-boo]

@Jezcoe

Okay… how about this one.

for every dollar earned over $10,000,000 limit the allowable deductions to 15%.

I would reduce top tier tax rates even further, but do a better job of closing loopholes.

[peek-a-boo]

@fallenturtle

I get the general feeling none of you guys ever believe anything I say or really anything said by anyone on the left here.

We are all expressing our own opinions. You express yours and I’m free to disagree, as you are free to disagree with my opinions. I’m not following when you imply that we should believe your stated opinion as fact?

[peek-a-boo]

@Borgia_dude

We can’t learn anything from any other countries?

LIBs want America to emulate other countries. That is far different then simply learning from their mistakes.

[peek-a-boo]

@moonshine

and yet it seems to the republicans in power that get indicted over and over again…

LIBs don’t get indicted because their corrupt DOJ wouldn’t hear of it. But this really isn’t the thread to rehash that stale old arguement.

[peek-a-boo]

@tnt

I resent our tax code that allows those who sneeze more money than you make in a lifetime allows them to pay 0 in taxes while you pay more.

Envy! Plain and simple envy.

[Cratic3947]

Simple flat tax or end the income tax… It’s a form of salvery!

[Borgia_dude]

@peek-a-boo

@Borgia_dude

We can’t learn anything from any other countries?

LIBs want America to emulate other countries. That is far different then simply learning from their mistakes.

I want to learn from their mistakes and their successes. How about you?

[Borgia_dude]

@Cratic3947

Simple flat tax or end the income tax… It’s a form of salvery!

Yes, every adult should pay a flat tax of $5000.

[peek-a-boo]

@Borgia_dude

I want to learn from their mistakes and their successes. How about you?

You and I have nothing in common in that regard. I never think about other countries and what they can do for me. I’ve lived in two foreign countries and have no desire to go back to either. I missed this country in every way, despite its flaws.

[Borgia_dude]

@peek-a-boo

@Borgia_dude

I want to learn from their mistakes and their successes. How about you?

You and I have nothing in common in that regard. I never think about other countries and what they can do for me. I’ve lived in two foreign countries and have no desire to go back to either. I missed this country in every way, despite its flaws.

Ok, you don’t want to learn from their mistakes. You don’t want to learn from their successes.

Great plan!

[Guilds]

@Medicswife2002

Let the virtue signaling begin!

Today’s con… giving a crap, is mocked.

How low will they go…

[Guilds]

@Medicswife2002

See I grew up a lib.

You were never a liberal. Voting for democrats does not make one a liberal.

[peek-a-boo]

@Borgia_dude

Ok, you don’t want to learn from their mistakes. You don’t want to learn from their successes.

Great plan!

Yawn.

[Guilds]

@fallenturtle

As a liberal you wanted to punish the rich? Perhaps things have changed. None of the liberals I know or have been exposed to talk about that.

Yup…

Cons can only attack the caricature they create about their perceived enemies.

[Guilds]

@peek-a-boo

Affirmative action - aka quotas -

[Guvnah]

@peek-a-boo

but do a better job of closing loopholes.

“Loopholes” are mostly allowable deductions.

I use deductions to the fullest I can. I even arrange my dealings and purchases and donations to maximize deductions whenever I can. I consider anyone who does not leverage tax law to his best advantage to be wasting his money.

The “loopholes” that guys like Bezos use are used by us little people too. Cluster losses in the same year when you can. Ditto donations. (For instance, defer November and December donations to the following January. And in the year when you do that in January, also pay the following year’s January and February donations in December. This clusters 4 extra months of donations into a given tax year. Do the same with any capital gains losses you might need to take. Push your December mortgage payment into January, and pull the following year’s January mortgage payment into that same year to cluster 2 extra interest payments into the tax year. Etc.)

Bezos and Gates and others do no different.

Closing their “loopholes” could end up closing ours too.

[Guilds]

@Samm

How much wealth is enough? At what point should the government say “that’s enough”

That is a very good question.

We need to come up wit the appropriate number.

[Guilds]

@PurpnGold

1 billion.

1000, millions sounds like a good number.