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RE: America: The Grim Truth - 5/21/2011 12:18:01 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
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quote:

'm sorry, I just don't include Reagan from your list.


Why would you not include this man? Do you know that he set mental health on its ear?

So now you are saying Reaganomics were the best thing since sliced bread?

S&L failures ring a bell?

Under Reagan, Federal spending increased by 14.5% his first term, 7.4 his second.

Federal Dept went up 49 and 40.2%

quote:

What about Obama's staggering federal budgets?


May want to check your sources as to where they began.

quote:

Do you think those have been good for the country?


Nope. they were worse under Bush.

Do you think the drilling moratorium was good for the country?

I think the drilling moratorium was what we needed for the good of the ecosystem, in order to force drilling companies to bring their disaster plans up to date... and... lookee there... it worked!

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to lockedaway)
Profile   Post #: 61
RE: America: The Grim Truth - 5/21/2011 12:27:21 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: tazzygirl

quote:

'm sorry, I just don't include Reagan from your list.


Why would you not include this man? Do you know that he set mental health on its ear?

So now you are saying Reaganomics were the best thing since sliced bread?

S&L failures ring a bell?

Under Reagan, Federal spending increased by 14.5% his first term, 7.4 his second.

Federal Dept went up 49 and 40.2%

quote:

What about Obama's staggering federal budgets?


May want to check your sources as to where they began.

quote:

Do you think those have been good for the country?


Nope. they were worse under Bush.

Do you think the drilling moratorium was good for the country?

I think the drilling moratorium was what we needed for the good of the ecosystem, in order to force drilling companies to bring their disaster plans up to date... and... lookee there... it worked!


The drilling moratorium did NOT work because he has since eased it.  If you think disaster plans have been updated in 10 months you are overly optimistic.

Yes, Reagan cut funding to the mentally ill.  I'm not all that opposed to it.  I don't expect the government to satisfy every need.  In fact, they satisfy no need particularly well.  You complain about Reagan's increased spending but you don't mention the breakdown that Carter caused?  Jimmy Carter, hailed as one of the biggest failed presidencies in U.S. history?  Yes, compared to what we have now?  Reaganomics was brilliant and very similar to what was posited by JFK.

O'scumbag's budgets are much higher than W's.  Tell me what president prior to Bush had a 1.7 trillion dollar budget for one year?  Go ahead, we are all waiting.

As far as your uniformed and unjustified blame of the S&L failures of the 1980's, here is an article that you should read in order to edify yourself:

http://www.econlib.org/library/Enc/SavingsandLoanCrisis.html

(in reply to tazzygirl)
Profile   Post #: 62
RE: America: The Grim Truth - 5/21/2011 12:32:31 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

ORIGINAL: lockedaway

quote:

ORIGINAL: tazzygirl

quote:

I agree with most of what you have said "stuff costs money".  No doubt about it.  But if the Federal government is going to reduce aid, State governments have to downsize concomitantly.  Government ceaselessly expands in NJ.  Compare the money a legislator makes in NJ to what one makes in Texas, compare the length of the sessions too.  I agree with you, but shrinkage has to occur across the board.


Why do states have to downsize? Oh yeah, the politicans are afraid of not being voted back in. Taxes bad.. cuts good... doesnt matter that the state cant support itself in the process.


Why can't the States support themselves?  Oh....oh...yeah...that's right, 40 billion in unfunded pension liability in New York State, 15 billion in New Jersey.  Suuuure...I got yer 40 billion right here, baby! :)  Know what?  Let's also add in the tax payer paying 95% of the government class' health insurance.  Let's also throw in the rampant over abuse of overtime (which is ESPECIALLY egregious amongst corrections officers in the New Jersey State prison system).  Yeah...let's raise those taxes.  Let's have a person pay 35% to the Fed, FICA, payroll taxes, workers compensation insurance, health care, 9% State income tax in NJ, gasoline taxes, toll roads, telephone taxes, utility taxes, cable taxes...give me a minute and I'll think of a few more.  Nope...you are right, hon.  Let's raise people's taxes rather than slash and burn the government and rebuild it starting with covering the bare necessities first and then seeing where we are.



States SHOULD support themselves. Do they? Or do they come to the federal government, hat in hand, begging for more and more, while refusing to increase their own revenue at the state level?

quote:

35% to the Fed


No one pays 35% total on their income...

To take an example, suppose your taxable income (after deductions and exemptions) was exactly $100,000 in 2008 and your status was Married filing separately; then your tax would be calculated like this:

( $ 8,025 minus 0 ) x .10 : $ 802.50
( 32,550 minus 8,025 ) x .15 : 3,678.75
( 65,725 minus 32,550 ) x .25 : 8,293.75
( 100,000 minus 65,725 ) x .28 : 9,597.00
Total: $ 22,372.00
This puts you in the 28% tax bracket, since that's the highest rate applied to any of your income; but as a percentage of the whole $100,000, your tax is about 22.37%.

Now, come back to reality... These are tax rates, not withholding rates. As a total of my income, I have withheld 27% for everything, sstate, local, city, federal, ect ect.

Take a look at your paycheck and do the math.

What you are complaining about, the 35%, is the top bracket, which doesnt hit until someone has income of $373,650.

Someone making 400,000 would be taxed at the rate of 35% on only $26,350.

quote:

Let's have a person pay 35% to the Fed, FICA, payroll taxes, workers compensation insurance, health care, 9% State income tax in NJ, gasoline taxes, toll roads, telephone taxes, utility taxes, cable taxes...give me a minute and I'll think of a few more.


Workers compensation insurance is paid for by the employer, not the employee. Its to prevent the employer from being sued and losing its profits. Cheaper to pay for the injury and lost wages than to pay out a lawsuit and the damage to the employers name.

The rest, everyone pays.. if you dont like paying those fees in NJ, then move. You do have that right.

Pennsylvania doesnt allow any deductions. Im curious, since I just looked up the tax rates of NJ. Where are you paying 9%?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to lockedaway)
Profile   Post #: 63
RE: America: The Grim Truth - 5/21/2011 12:43:40 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

As far as your uniformed and unjustified blame of the S&L failures of the 1980's, here is an article that you should read in order to edify yourself:

http://www.econlib.org/library/Enc/SavingsandLoanCrisis.html


From your own article...

An incomplete and bungled deregulation of S&Ls in 1980 and 1982 lifted restrictions on the kinds of investments S&Ls could make. In 1980 and again in 1982, Congress and the regulators granted S&Ls the power to invest directly in service corporations, permitted them to make real estate loans without regard to the geographical location of the loan, and authorized them to hold up to 40 percent of their assets as commercial real estate loans. Congress and the Reagan administration naïvely hoped that if S&Ls made higher-yielding, but riskier, investments, they would make more money to offset the long-term damage caused by fixed-rate mortgages. However, the 1980 and 1982 legislation did not change how premiums were set for federal deposit insurance. Riskier S&Ls still were not charged higher rates for deposit insurance than their prudent siblings. As a result, deregulation encouraged increased risk taking by S&Ls.

Lack of truthfulness in quantifying the FSLIC’s problems hid from the general public the size of the FSLIC’s losses. Neither the FHLBB nor the General Accounting Office (GAO), now called the Government Accountability Office, provided realistic cost estimates of the problem as it was growing. On May 19, 1988, for example, Frederick Wolf of the GAO testified that the FSLIC bailout would cost thirty to thirty-five billion dollars. Over the next eight months, the GAO increased its estimate by forty-six billion dollars.

Congressional and administration delay and inaction, due to an unwillingness to confront the true size of the S&L mess and anger politically influential S&Ls, prevented appropriate action from being taken once the S&L problem was identified. The 1987 FSLIC recapitalization bill provided just $10.8 billion for the cleanup, even though it was clear at the time that much more—possibly as much as $40 billion—was needed. The first serious attempt at cleaning up the FSLIC mess did not come until Congress enacted the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). Even FIRREA, however, did not provide sufficient funds to completely clean up the S&L mess. Eventually, in fits and starts, Congress did appropriate sufficient funds to finish the job.

Flip-flops on real estate taxation first stimulated an overbuilding of commercial real estate in the early 1980s and then accentuated the real estate bust when depreciation and “passive loss” rules were tightened in 1986. The flip-flop had a double whammy effect: the 1981 tax law caused too much real estate to be built, and the 1986 act then hurt the value of much of what had been built.

Please dont try and pretend Reagan and his administration had nothing to do with this. In fact, their deregulation policies only helped exacerbate a problem the country already knew it had. I like his choice of words...

Congress and the Reagan administration naïvely hoped that if S&Ls made higher-yielding, but riskier, investments, they would make more money to offset the long-term damage caused by fixed-rate mortgage.

You take an already moderately at risk industry and open them to even riskier investments and speculations... and you expect them to improve?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to lockedaway)
Profile   Post #: 64
RE: America: The Grim Truth - 5/21/2011 12:44:36 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: tazzygirl


quote:

ORIGINAL: lockedaway

quote:

ORIGINAL: tazzygirl

quote:

I agree with most of what you have said "stuff costs money".  No doubt about it.  But if the Federal government is going to reduce aid, State governments have to downsize concomitantly.  Government ceaselessly expands in NJ.  Compare the money a legislator makes in NJ to what one makes in Texas, compare the length of the sessions too.  I agree with you, but shrinkage has to occur across the board.



Why do states have to downsize? Oh yeah, the politicans are afraid of not being voted back in. Taxes bad.. cuts good... doesnt matter that the state cant support itself in the process.


Why can't the States support themselves?  Oh....oh...yeah...that's right, 40 billion in unfunded pension liability in New York State, 15 billion in New Jersey.  Suuuure...I got yer 40 billion right here, baby! :)  Know what?  Let's also add in the tax payer paying 95% of the government class' health insurance.  Let's also throw in the rampant over abuse of overtime (which is ESPECIALLY egregious amongst corrections officers in the New Jersey State prison system).  Yeah...let's raise those taxes.  Let's have a person pay 35% to the Fed, FICA, payroll taxes, workers compensation insurance, health care, 9% State income tax in NJ, gasoline taxes, toll roads, telephone taxes, utility taxes, cable taxes...give me a minute and I'll think of a few more.  Nope...you are right, hon.  Let's raise people's taxes rather than slash and burn the government and rebuild it starting with covering the bare necessities first and then seeing where we are.



States SHOULD support themselves. Do they? Or do they come to the federal government, hat in hand, begging for more and more, while refusing to increase their own revenue at the state level?

quote:

35% to the Fed


No one pays 35% total on their income...

To take an example, suppose your taxable income (after deductions and exemptions) was exactly $100,000 in 2008 and your status was Married filing separately; then your tax would be calculated like this:

( $ 8,025 minus 0 ) x .10 : $ 802.50
( 32,550 minus 8,025 ) x .15 : 3,678.75
( 65,725 minus 32,550 ) x .25 : 8,293.75
( 100,000 minus 65,725 ) x .28 : 9,597.00
Total: $ 22,372.00
This puts you in the 28% tax bracket, since that's the highest rate applied to any of your income; but as a percentage of the whole $100,000, your tax is about 22.37%.

Now, come back to reality... These are tax rates, not withholding rates. As a total of my income, I have withheld 27% for everything, sstate, local, city, federal, ect ect.

Take a look at your paycheck and do the math.

What you are complaining about, the 35%, is the top bracket, which doesnt hit until someone has income of $373,650.

Someone making 400,000 would be taxed at the rate of 35% on only $26,350.

quote:

Let's have a person pay 35% to the Fed, FICA, payroll taxes, workers compensation insurance, health care, 9% State income tax in NJ, gasoline taxes, toll roads, telephone taxes, utility taxes, cable taxes...give me a minute and I'll think of a few more.


Workers compensation insurance is paid for by the employer, not the employee. Its to prevent the employer from being sued and losing its profits. Cheaper to pay for the injury and lost wages than to pay out a lawsuit and the damage to the employers name.

The rest, everyone pays.. if you dont like paying those fees in NJ, then move. You do have that right.

Pennsylvania doesnt allow any deductions. Im curious, since I just looked up the tax rates of NJ. Where are you paying 9%?



I AM THE EMPLOYER!!  I pay the worker's comp., I pay the health care, I pay it all.  Look, you think earning $375,000.00 is a lot of money?  It is a pretty decent amount, I will give you that but it is no King's ransom.  If a person makes 1 million per year, should he lose 35% of the amount over over $373,000?  Why should he?  Are people in your world not entitled to be wealthy?  A bright and ambitious person, skilled in their craft, who has drawn no entitlement pay from the U.S. should pay $300,000.00 in taxes?  And then their state taxes and property taxes and all of the other taxes?  When does it become slavery in your view, Tazzy.  I don't expect to lead a life comparable to a top neurosurgeon.   Do you?  If you do, why do you?   

(in reply to tazzygirl)
Profile   Post #: 65
RE: America: The Grim Truth - 5/21/2011 12:51:51 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline 		Your income tax rate in the state of New Jersey is 6.37% if you make between $75,000.00 and $500,000. per year.  If you make over $500k, your state income tax is 8.97% which is close enough to 9% for me. So, in New Jersey, you can pay approximately 44% in income tax.  And you think that is fair, yes?  You are good with figures.  A single man in New Jersey makes 1 million in a year, how much does he pay in Fed and State income tax.

(in reply to lockedaway)
Profile   Post #: 66
RE: America: The Grim Truth - 5/21/2011 1:00:38 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

O'scumbag's budgets are much higher than W's.  Tell me what president prior to Bush had a 1.7 trillion dollar budget for one year?  Go ahead, we are all waiting.


Of course his budgets are bigger. The economy is also stronger than the first year, when all the wars hit the books, all the banks were crumbling, and the stock market was into the toilet.

Think supporting a failing economy is cheap?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to lockedaway)
Profile   Post #: 67
RE: America: The Grim Truth - 5/21/2011 1:01:48 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

And you think that is fair, yes?  You are good with figures.  A single man in New Jersey makes 1 million in a year, how much does he pay in Fed and State income tax.


So, is does single man own a business?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to lockedaway)
Profile   Post #: 68
RE: America: The Grim Truth - 5/21/2011 1:04:01 PM   
Fellow


Posts: 1486
Joined: 9/21/2009
Status: offline 		I would recommend Dr C. Roberts simple explanation what is generally happening:
http://www.youtube.com/watch?v=sX7M3w02Bfw&feature=player_embedded#at=750

(in reply to tazzygirl)
Profile   Post #: 69
RE: America: The Grim Truth - 5/21/2011 1:04:46 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

AM THE EMPLOYER!!  I pay the worker's comp., I pay the health care, I pay it all.


Yet you also can use the comp payments as a deductible.

There are many deductions a business owner can take that a regular joe cannot. Fess us, what deductions do you take that you dont want anyone to know about?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to lockedaway)
Profile   Post #: 70
RE: America: The Grim Truth - 5/21/2011 1:05:07 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: tazzygirl

quote:

O'scumbag's budgets are much higher than W's.  Tell me what president prior to Bush had a 1.7 trillion dollar budget for one year?  Go ahead, we are all waiting.


Of course his budgets are bigger. The economy is also stronger than the first year, when all the wars hit the books, all the banks were crumbling, and the stock market was into the toilet.

Think supporting a failing economy is cheap?


The economy is not stronger in any fashion.  Real estate prices are dropping 1% per month on average country-wide.  Real estate will drop as much as another 30%.  Unemployment will be back on the rise by Fall.  What will you say then?  You complain about the two wars and we are still in both of them and fucking around with Lybia on top of it.  "All the banks" were not crumbling, my dear.  Banks and investment firms that got involved in the sub-prime rape of this country, the blame of which sits squarely on Carter, Clinton and Obama, THOSE banks and investment houses crumbled.  Let's be straight on that.  But first.  I'm interested in your response to my posts numbered 65 and 66.  Share your thoughts.

(in reply to tazzygirl)
Profile   Post #: 71
RE: America: The Grim Truth - 5/21/2011 1:05:57 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

ORIGINAL: Fellow

I would recommend Dr C. Roberts simple explanation what is generally happening:
http://www.youtube.com/watch?v=sX7M3w02Bfw&feature=player_embedded#at=750



Find it in a text form, then I will take a look.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to Fellow)
Profile   Post #: 72
RE: America: The Grim Truth - 5/21/2011 1:07:19 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: tazzygirl

quote:

AM THE EMPLOYER!!  I pay the worker's comp., I pay the health care, I pay it all.


Yet you also can use the comp payments as a deductible.

There are many deductions a business owner can take that a regular joe cannot. Fess us, what deductions do you take that you dont want anyone to know about?


The comp payments are a diminimus deduction.  Whether single man owns a business or not is irrelevant.  At the end of the day, single man has an income of 1million whether he was set up as a subchapter S or a 1099.

(in reply to tazzygirl)
Profile   Post #: 73
RE: America: The Grim Truth - 5/21/2011 1:13:51 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

The economy is not stronger in any fashion.  Real estate prices are dropping 1% per month on average country-wide.  Real estate will drop as much as another 30%.  Unemployment will be back on the rise by Fall.  What will you say then?  You complain about the two wars and we are still in both of them and fucking around with Lybia on top of it.  "All the banks" were not crumbling, my dear.  Banks and investment firms that got involved in the sub-prime rape of this country, the blame of which sits squarely on Carter, Clinton and Obama, THOSE banks and investment houses crumbled.  Let's be straight on that.  But first.  I'm interested in your response to my posts numbered 65 and 66.  Share your thoughts.


And at the rate things were going, we were dropping far faster than your predictions here.

The dollar is stronger...

http://www.msnbc.msn.com/id/43064043/ns/business-stocks_and_economy/

Banks werent failing?

http://www.fdic.gov/bank/individual/failed/banklist.html

Only a handful from 2000 to 2007. 2008 saw a drastic spike.. and 2009 was an explosion. 2010 also saw many. Banks took a huge hit in all.

quote:

Banks and investment firms that got involved in the sub-prime rape of this country, the blame of which sits squarely on Carter, Clinton and Obama, THOSE banks and investment houses crumbled.


And here you go again, still holding one party responsible. Isnt this what started this whole thing? Wasnt there Republicans between these Presidents? Didnt they have to get approval for at least some of this from Republicans in Congress?



_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to lockedaway)
Profile   Post #: 74
RE: America: The Grim Truth - 5/21/2011 1:17:16 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

ORIGINAL: lockedaway

quote:

ORIGINAL: tazzygirl

quote:

AM THE EMPLOYER!!  I pay the worker's comp., I pay the health care, I pay it all.


Yet you also can use the comp payments as a deductible.

There are many deductions a business owner can take that a regular joe cannot. Fess us, what deductions do you take that you dont want anyone to know about?


The comp payments are a diminimus deduction.  Whether single man owns a business or not is irrelevant.  At the end of the day, single man has an income of 1million whether he was set up as a subchapter S or a 1099.



No no no dear, it is revelevant. Taxed differently. How much is business income and how much is his "salary"?

The phrase is de minimus... if its such a minimal issue, why bring it up?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to lockedaway)
Profile   Post #: 75
RE: America: The Grim Truth - 5/21/2011 1:17:37 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: lockedaway

quote:

ORIGINAL: tazzygirl

quote:

AM THE EMPLOYER!!  I pay the worker's comp., I pay the health care, I pay it all.


Yet you also can use the comp payments as a deductible.

There are many deductions a business owner can take that a regular joe cannot. Fess us, what deductions do you take that you dont want anyone to know about?




The comp payments are a diminimus deduction.  Whether single man owns a business or not is irrelevant.  At the end of the day, single man has an income of 1million whether he was set up as a subchapter S or a 1099.



I assume what is in bold was meant to be fess up....am I right?  There are no deductions I take that no other business owner can take.  I can deduct business expenses.  The regular Joe doesn't have those expenses so he can't deduct them.  I can deduct mortgage interest. A regular Joe deducts that too.  There is no place to over pad my deductions, I (like everyone else) has to be scrupulous about detailing them and not letting any slip by unaccounted for.  The government expects your income from a small business to be approximately 1/3 of your gross.  It can be less but too much less is going to get you an audit.


< Message edited by lockedaway -- 5/21/2011 1:18:21 PM >

(in reply to lockedaway)
Profile   Post #: 76
RE: America: The Grim Truth - 5/21/2011 1:21:03 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline 		The deduction is de minimus, the expense is not.  Let's say his business grosses 3 million and by the time his taxes are done his income is reported at 1million.  What does he pay State and Fed in New Jersey.  That is "single man A".  "Single man B" gets a salary of $750,000 per year and bonus of $250,000.00.  What does he pay?

(in reply to tazzygirl)
Profile   Post #: 77
RE: America: The Grim Truth - 5/21/2011 1:23:19 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Is the 1 million his personal income or his business income?

quote:

Let's say his business grosses 3 million and by the time his taxes are done his income is reported at 1million. What does he pay State and Fed in New Jersey.


So the business pays 2 million in taxes?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to lockedaway)
Profile   Post #: 78
RE: America: The Grim Truth - 5/21/2011 1:24:15 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline 		Also, Taz, I asked you whether people are not entitled to be wealthy in your view.  I also asked at what point to taxation become so confiscatory that it becomes a sort of defacto slavery.  Oh...I also asked if you felt you were entitled to live to the same standard as the top neurosurgeon and, if so, why?

(in reply to lockedaway)
Profile   Post #: 79
RE: America: The Grim Truth - 5/21/2011 1:25:31 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline 		No...our total is 3 million on a subchapter S.  With all of the business expenses netted out, he has an income of 1million.

(in reply to tazzygirl)
Profile   Post #: 80
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