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Billionaires pay no state tax

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Re: Billionaires pay no state tax

Postby bdog » Wed Jun 27, 2012 5:56 pm

bdog wrote:
Henry Vilas wrote:bgod, your question is a dollar limit on who pays a little more. How profound. Let's start with those in the top marginal tax bracket, if you know what that means.

Are you saying that those in the top marginal tax bracket should not get to deduct investment losses? Because that was my question.

Henry here's another chance. Simple yes or no answer as you are fond of saying.
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Re: Billionaires pay no state tax

Postby Henry Vilas » Wed Jun 27, 2012 6:01 pm

Yes, after I answered your question, you moved the goal post. Your original question only asked a dollar limit.

Yes, certain loopholes need to be tightened. But that is another question. Why should billionaires avoid taxation (or have it greatly reduced) because of deductions not available to the average joe taxpayer? You'd think they were creating jobs with those windfalls.
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Re: Billionaires pay no state tax

Postby bdog » Wed Jun 27, 2012 6:04 pm

bdog wrote:So Lily, you don't think rich people should be able to deduct investment losses from what they owe in income tax? Fair enough.

Just the billionaires? Down to the millionaires? Anyone making over $100,000?

What if their losing investments went to things like green energy? Still no deduction for losses?

Bullshit! Read it and weep!

You're the one who is moving the goalposts.
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Re: Billionaires pay no state tax

Postby Henry Vilas » Wed Jun 27, 2012 6:09 pm

I fully understand why Lily didn't respond. I'm now sorry I did.
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Re: Billionaires pay no state tax

Postby bdog » Wed Jun 27, 2012 6:11 pm

Henry Vilas wrote:I fully understand why Lily didn't respond. I'm now sorry I did.

Lily did respond Henry, with a very honest answer.

You responded to your own version of my original question. How profound.
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Re: Billionaires pay no state tax

Postby Cornbread » Wed Jun 27, 2012 9:52 pm

Henry Vilas wrote:The guy how constantly says he wants an adult conversion refuses to discuss what he says bears discussing.


I think I'll have to quote you yourself, to remove the boogeyman in your mind:

certain loopholes need to be tightened. But that is another question.

Great bumpersticker. Is all al gore's loopholes good? Or the avowed leftist corporation called 'snoqueen' here? Oops, you were just arguing bumperstickers, my bad. :(

Why should billionaires avoid taxation (or have it greatly reduced) because of deductions

Did you just repeat yourself? Do you duplicate bumpersticks on your subaru too?
You are 8 ways of nonsensical silly, but truly are all in on bumpersticker logic. Did you go all in on "hope and change" or did you hold out until they distilled it down to "hope" or "change"?

not available to the average joe taxpayer?

another leftist democrat BS LIE. But it's apparent ya'll are all about confiscating other people's money to use as your own.
That's OK as that's who you leftists are that are running the new democrat party. The sad thing is, ya'll don't see anything wrong with it.

You'd think they were creating jobs with those windfalls.

Now it's "windfalls"? I truly hope your government job is teaching women's studies or gay/lesbian/bisexual/transgendered studies classes as you absolutely have no fluking clue about simple economics.

Are your "excess profits" from your government job stuffed under your soiled futon? If not--they are indeed "working", ya know, 'creating jobs'. I do know ya'll have no concept of the latter, though......
Last edited by Cornbread on Thu Jun 28, 2012 9:20 pm, edited 4 times in total.
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Re: Billionaires pay no state tax

Postby Stu Levitan » Wed Jun 27, 2012 11:21 pm

OK. We accept that you don't know what you're talking about when it comes to politics, history or economic theory ... but could you PLEASE spell "y'all" properly? Is that really too much to ask??

I think not.

We thank you for your kind consideration to this request.
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Re: Billionaires pay no state tax

Postby Meade » Thu Jun 28, 2012 6:17 am

Confirmed!
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Re: Billionaires pay no state tax

Postby Stu Levitan » Thu Jun 28, 2012 8:27 am

No, I had a Bar Mitzvah.
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Re: Billionaires pay no state tax

Postby narcoleptish » Thu Jun 28, 2012 10:39 am

(light applause)
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Re: Billionaires pay no state tax

Postby acereraser » Fri Jun 29, 2012 12:15 pm

This may have been posted somewhere on TDPF previously, since the article is about six months old, but I just ran across it, and thought others might not have seen it either.

The upshot is that rich don't drive the economy by supplying items for sale, but rather the middle class does by demanding them. When the middle class has enough disposable income to enter the marketplace, that is when the entrepreneurs may successfully compete for those dollars, and in the process create a few jobs in order to meet the demand.

Many sectors of the economy have been hit hard by the recession (what kind of policies led to the recession, again?), and the service industry is one of them. By all accounts, the wealthy have done better than ever, are they not dining out anymore? The answer is obvious; there simply aren't enough rich people to eat enough meals, or buy enough cars, or real estate, etc. Just like the writer says, it is necessary, for the health of the economy, to re-distribute more of the wealth back down the ladder to increase demand. I wouldn't classify this as socialism, more like pragmatism, which is the over-riding theme of American political philosophy.
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Re: Billionaires pay no state tax

Postby snoqueen » Fri Jun 29, 2012 5:10 pm

Just like the writer says, it is necessary, for the health of the economy, to re-distribute more of the wealth back down the ladder to increase demand. I wouldn't classify this as socialism, more like pragmatism, which is the over-riding theme of American political philosophy.


I bolded a very well-worded remark.

People can see it's not working the way we're doing it now. Too many people are out of a job or undercompensated, losing houses, barely paying off debt or getting deeper in debt. The pragmatic response would be to change the economic environment in a way that might help.

Using last century's labels (or even older labels) to condemn or deter efforts at a remedy is nothing but a deliberate distraction.
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Re: Billionaires pay no state tax

Postby Cornbread » Fri Jun 29, 2012 8:44 pm

acereraser wrote:The upshot is that rich don't drive the economy by supplying items for sale

sounds like someone has some real world business smarts there.\
Most businesses don't just suddenly appear out of nowhere and expect people to go there and purchase their product(s) so they can make an evil profit, paying their employees and taxes.

but rather the middle class does by demanding them.


:D :D :D Ding ding ding!!! ANYONE that wants to purchase a good or a service WILL keep a business (which makes that evil profit and employs people) in business. Redundant, I know, but it seems like all these high school kids/govt workers just don't seem to understand that somewhere, someone has to take risks, work many long and hard hours for free in order to start a business and keep it going. The majority of lefties just think money comes from their government check......

(what kind of policies led to the recession, again?)

Allow me to interrupt your socialist, leftist democrat monologue-- "OK, what policies?"

I post this all the time--"don't worry, I don't expect an answer".

So, let's get back to "the republican war on women"! Or how about the proclaimed "war on the 99%". Ya'll gots so many stupid bumperstickers, it's sometimes hard to know what ya'lls got up on the media plate for the week.

Short babies. There, I think you new democrats should all start parroting "republicans hate short babies!!!"

Wait! Leftists are in favor of vacuuming out babies and tossing them into a medical waste dumpster, so I may be wrong there.

Baby otters?
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Re: Billionaires pay no state tax

Postby fennel » Fri Jun 29, 2012 9:06 pm

snoqueen wrote:
Just like the writer says, it is necessary, for the health of the economy, to re-distribute more of the wealth back down the ladder to increase demand. I wouldn't classify this as socialism, more like pragmatism, which is the over-riding theme of American political philosophy.

I bolded a very well-worded remark.
People can see it's not working the way we're doing it now. Too many people are out of a job or undercompensated, losing houses, barely paying off debt or getting deeper in debt. The pragmatic response would be to change the economic environment in a way that might help.

Using last century's labels (or even older labels) to condemn or deter efforts at a remedy is nothing but a deliberate distraction.

Amen to that!
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Re: Billionaires pay no state tax

Postby jonnygothispen » Tue Jul 03, 2012 5:05 pm

I think Henry's following the axiom "Don't argue with idiots because they drag you down to their level and beat you with experience," as evidenced in this thread.
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