[ATTACH]52685[/ATTACH] Taxes explained for those who never took an Econ class in college.

 

How Taxes Work : snopes.com

Hellcat, it is overtly obvious that you are "millionaire hating."

 

It shouldn't be to hard to figure out that when you are being treated unfairly, you leave the situation, especially when it comes to money. Tell me how receptive you would be if your bank just suddenly increased your mortgage or car loan rate by a significant percentage. I'd imagine you wouldn't be very happy. Now, if you had the option of backing out of that loan and going elsewhere, it would be pretty silly of you not to.

 

I'll say it again, when a system is treating you unfairly, it is moronic to to continually do nothing.

I'll say it again, when a system is treating you unfairly, it is moronic to to continually do nothing.

 

:laugh:

Yup

In all honesty, we do need tax reform. But not in the way that the democrats will tell you. I believe we need a flat tax. 12.5%. All across the board. If you make a billion dollars you pay 125 million or if you make 10 dollars you pay a 1.25. Why does the billionaire need to pay more? HE/SHE CONTRIBUTES 125 MILLION DOLLARS. Let him/her have the money to do with what he pleases. That's their right as the citizen of the world, not just the United States. This is a universal right! If they are smart they will invest it in more businesses so they can make even more money. That is how business works. You make money, you spend that money so you can make more money, then the cycle starts all over.

Not sure, but I appreciate politicians who don't ignore the issue.

 

So as long as they talk about it (and don't do anything about it - ie: Obama), you are OK with it..

In all honesty, we do need tax reform. But not in the way that the democrats will tell you. I believe we need a flat tax. 12.5%. All across the board. If you make a billion dollars you pay 125 million or if you make 10 dollars you pay a 1.25. Why does the billionaire need to pay more? HE/SHE CONTRIBUTES 125 MILLION DOLLARS. Let him/her have the money to do with what he pleases. That's their right as the citizen of the world, not just the United States. This is a universal right! If they are smart they will invest it in more businesses so they can make even more money. That is how business works. You make money, you spend that money so you can make more money, then the cycle starts all over.

 

So, if the billionaire is contributing hundreds of millions fewer tax dollars, who makes up the difference?

So as long as they talk about it (and don't do anything about it - ie: Obama), you are OK with it..

 

Not what I said but I guess it beats the mushroom treatment from the GOP.

In all honesty, we do need tax reform. But not in the way that the democrats will tell you. I believe we need a flat tax. 12.5%. All across the board. If you make a billion dollars you pay 125 million or if you make 10 dollars you pay a 1.25. Why does the billionaire need to pay more? HE/SHE CONTRIBUTES 125 MILLION DOLLARS. Let him/her have the money to do with what he pleases. That's their right as the citizen of the world, not just the United States. This is a universal right! If they are smart they will invest it in more businesses so they can make even more money. That is how business works. You make money, you spend that money so you can make more money, then the cycle starts all over.

 

So a person making 10,000 a year pays 1250 while a person making 100 million a year pays 12.5 million?

 

Safe to say that 1250 will be missed more.

Webb: CNN Debate Was 'Rigged' For Clinton And Sanders | The Daily Caller

I honestly don't know the answer. Why did the US economy seem to flourish more when the tax rate was much, much higher for the wealthiest?

So a person making 10,000 a year pays 1250 while a person making 100 million a year pays 12.5 million?

 

Safe to say that 1250 will be missed more.

Why does that matter? The millionaire just gave 12.5 million. His money is worth more. Why punish someone more, who is already giving you 12.5 MILLION DOLLARS!! Thats what I don't understand about you liberals. How come you view a millionaire as less deserving of their money or that they didn't work as hard as others? Sorry they are wealthy... but why does their wealth bother you all so much? Worry about your money. The governments sole job is the protect the rights and freedoms of their people.

I honestly don't know the answer. Why did the US economy seem to flourish more when the tax rate was much, much higher for the wealthiest?

Umm it didn't? I didn't live in the 70's but I hear they weren't as good as the 80's.

So, if the billionaire is contributing hundreds of millions fewer tax dollars, who makes up the difference?

 

 

You take out the tax loopholes and they are contributing the same anyways. Then on top of that decrease government spending and oh my goodness our deficit might go down. What a noble concept.

Its almost like liberals don't see taxes as a way to create government revenue, but instead as a primary way to punish people for having money?

I thought conservatives were supposed to be seen as greedy, but who's the greedy one, asking for more money after I just gave 12.5 million. (Still using the hypothetical from above lol)