Posted by bad_luck on 5/27/2018 4:49:00 PM (view original):

Posted by bad_luck on 5/27/2018 4:05:00 PM (view original):

Posted by gomiami1972 on 5/27/2018 4:00:00 PM (view original):

Posted by bad_luck on 5/27/2018 1:25:00 PM (view original):

Posted by cccp1014 on 5/27/2018 1:17:00 PM (view original):

Posted by tangplay on 5/27/2018 1:14:00 PM (view original):

Posted by strikeout26 on 5/27/2018 12:16:00 PM (view original):

Posted by tangplay on 5/27/2018 12:02:00 PM (view original):

Posted by strikeout26 on 5/27/2018 12:05:00 AM (view original):

Posted by tangplay on 5/27/2018 12:04:00 AM (view original):

Posted by strikeout26 on 5/26/2018 11:37:00 PM (view original):
https://taxfoundation.org/2017-tax-brackets/

https://www.google.com/amp/s/www.fool.com/amp/taxes/2017/04/27/2017-california-income-tax-what-you-need-to-know.aspx

Right, so the upper limit is 40%. Exactly what I have been saying.

No, because you're ignoring state income taxes.

We have been debating the federal income tax.

Nope, we have been the debating the amount that high income earners pay to the government.

I haven't.

Lets simplify this.

I make $10mil per year. I am taxed at 40%, so I take home $6mil. I give $500k annually to charity. How much more do you want me to pay?

Even if you make a billion dollars a year you don’t actually pay 40%.

But, yeah, I’d be cool with taxing 99% of all taxable income over $10M per year.

So if your taxable income is $11M, your take home in 2018 is $6,344,000.

If you make $12M, you keep $6,354,000.

$13M, $6,364,000. etc.

I find this to be frightening. This takes away all the incentive to be exceptional.

The only upside is that it will put all of the Ivy League and the like out of business.

How does that take away incentive to be exceptional?

?

There is no MSFT of Amazon thats how. Man you are dumb.

Posted by bad_luck on 5/27/2018 4:05:00 PM (view original):

Posted by gomiami1972 on 5/27/2018 4:00:00 PM (view original):

Posted by bad_luck on 5/27/2018 1:25:00 PM (view original):

Posted by cccp1014 on 5/27/2018 1:17:00 PM (view original):

Posted by tangplay on 5/27/2018 1:14:00 PM (view original):

Posted by strikeout26 on 5/27/2018 12:16:00 PM (view original):

Posted by tangplay on 5/27/2018 12:02:00 PM (view original):

Posted by strikeout26 on 5/27/2018 12:05:00 AM (view original):

Posted by tangplay on 5/27/2018 12:04:00 AM (view original):

Posted by strikeout26 on 5/26/2018 11:37:00 PM (view original):
https://taxfoundation.org/2017-tax-brackets/

https://www.google.com/amp/s/www.fool.com/amp/taxes/2017/04/27/2017-california-income-tax-what-you-need-to-know.aspx

Right, so the upper limit is 40%. Exactly what I have been saying.

No, because you're ignoring state income taxes.

We have been debating the federal income tax.

Nope, we have been the debating the amount that high income earners pay to the government.

I haven't.

Lets simplify this.

I make $10mil per year. I am taxed at 40%, so I take home $6mil. I give $500k annually to charity. How much more do you want me to pay?

Even if you make a billion dollars a year you don’t actually pay 40%.

But, yeah, I’d be cool with taxing 99% of all taxable income over $10M per year.

So if your taxable income is $11M, your take home in 2018 is $6,344,000.

If you make $12M, you keep $6,354,000.

$13M, $6,364,000. etc.

I find this to be frightening. This takes away all the incentive to be exceptional.

The only upside is that it will put all of the Ivy League and the like out of business.

How does that take away incentive to be exceptional?

How do you think? Idiot. Worry about yourself not those who make $10mil plus.

Posted by bad_luck on 5/27/2018 2:09:00 PM (view original):

Posted by cccp1014 on 5/27/2018 2:03:00 PM (view original):
Because that is not capitalism. Maybe I want to take that extra $2mil and give to charity or start another business so that I can grow that to generate another $10mil. I should not have to give that money to the Gov't. Why do you not see that?

Taxes are part of life. And if you’re donating it to charity or using it on business expenses, it isn’t taxable income.

What? Moron I said start a new business and if that business has a loss initially, no it is not taxed. So you want Steph Curry to pay 99% tax? LOL. He'd be playing in Europe tomorrow. You are an idiot. Like tangplay. At least you're not a liar.

Posted by tangplay on 5/27/2018 2:18:00 PM (view original):
lol. CCCP owned yet again.

IDIOT. Every top athlete would establish residence elsewhere. Every top businessman and top actor. OWNED? Jeez if pro life people saw you they d likely change their minds.

what america offers is security

get right with your bullsh*t, mexican

Posted by cccp1014 on 5/27/2018 4:56:00 PM (view original):

Posted by tangplay on 5/27/2018 2:18:00 PM (view original):
lol. CCCP owned yet again.

IDIOT. Every top athlete would establish residence elsewhere. Every top businessman and top actor. OWNED? Jeez if pro life people saw you they d likely change their minds.

Lol. He is desperate.

LMAO STFU loser

I don't even agree with BL. The reason I said that is because you still managed to lose that argument even though BL had a terrible idea.

Posted by cccp1014 on 5/27/2018 4:56:00 PM (view original):

Posted by tangplay on 5/27/2018 2:18:00 PM (view original):
lol. CCCP owned yet again.

IDIOT. Every top athlete would establish residence elsewhere. Every top businessman and top actor. OWNED? Jeez if pro life people saw you they d likely change their minds.

Hey, dummy, you know where you earn the money is what matters right? It doesn’t matter if you live in the Caymen Islands if your paychecks are coming from the work you do for the Lakers in Los Angeles.

Posted by cccp1014 on 5/27/2018 4:55:00 PM (view original):

Posted by bad_luck on 5/27/2018 2:09:00 PM (view original):

Posted by cccp1014 on 5/27/2018 2:03:00 PM (view original):
Because that is not capitalism. Maybe I want to take that extra $2mil and give to charity or start another business so that I can grow that to generate another $10mil. I should not have to give that money to the Gov't. Why do you not see that?

Taxes are part of life. And if you’re donating it to charity or using it on business expenses, it isn’t taxable income.

What? Moron I said start a new business and if that business has a loss initially, no it is not taxed. So you want Steph Curry to pay 99% tax? LOL. He'd be playing in Europe tomorrow. You are an idiot. Like tangplay. At least you're not a liar.

Basketball players in Europe don’t make $10M a year.

Posted by cccp1014 on 5/27/2018 4:52:00 PM (view original):

Posted by bad_luck on 5/27/2018 4:49:00 PM (view original):

Posted by bad_luck on 5/27/2018 4:05:00 PM (view original):

Posted by gomiami1972 on 5/27/2018 4:00:00 PM (view original):

Posted by bad_luck on 5/27/2018 1:25:00 PM (view original):

Posted by cccp1014 on 5/27/2018 1:17:00 PM (view original):

Posted by tangplay on 5/27/2018 1:14:00 PM (view original):

Posted by strikeout26 on 5/27/2018 12:16:00 PM (view original):

Posted by tangplay on 5/27/2018 12:02:00 PM (view original):

Posted by strikeout26 on 5/27/2018 12:05:00 AM (view original):

Posted by tangplay on 5/27/2018 12:04:00 AM (view original):

Posted by strikeout26 on 5/26/2018 11:37:00 PM (view original):
https://taxfoundation.org/2017-tax-brackets/

https://www.google.com/amp/s/www.fool.com/amp/taxes/2017/04/27/2017-california-income-tax-what-you-need-to-know.aspx

Right, so the upper limit is 40%. Exactly what I have been saying.

No, because you're ignoring state income taxes.

We have been debating the federal income tax.

Nope, we have been the debating the amount that high income earners pay to the government.

I haven't.

Lets simplify this.

I make $10mil per year. I am taxed at 40%, so I take home $6mil. I give $500k annually to charity. How much more do you want me to pay?

Even if you make a billion dollars a year you don’t actually pay 40%.

But, yeah, I’d be cool with taxing 99% of all taxable income over $10M per year.

So if your taxable income is $11M, your take home in 2018 is $6,344,000.

If you make $12M, you keep $6,354,000.

$13M, $6,364,000. etc.

I find this to be frightening. This takes away all the incentive to be exceptional.

The only upside is that it will put all of the Ivy League and the like out of business.

How does that take away incentive to be exceptional?

?

There is no MSFT of Amazon thats how. Man you are dumb.

So Bill Gates would just not have started a software company in his garage if the marginal tax rate on personal taxable income over $10M was 99%?

What makes you say that?

I don't think he said that.

I think you did.

Sorry, bad_luck, I wasn't ignoring you. By creating a hard cap on income, you create a hard cap on motivation to achieve (for most.) We live in a money economy. Only a saint would continue to reach upward once they reach that $10M level.

Most of us are not saints. What you propose is a great utopian ideal. In reality, it would breed retardation and mediocrity.

Bingo

It is not capitalism

Posted by bad_luck on 5/27/2018 5:22:00 PM (view original):

Posted by cccp1014 on 5/27/2018 4:52:00 PM (view original):

Posted by bad_luck on 5/27/2018 4:49:00 PM (view original):

Posted by bad_luck on 5/27/2018 4:05:00 PM (view original):

Posted by gomiami1972 on 5/27/2018 4:00:00 PM (view original):

Posted by bad_luck on 5/27/2018 1:25:00 PM (view original):

Posted by cccp1014 on 5/27/2018 1:17:00 PM (view original):

Posted by tangplay on 5/27/2018 1:14:00 PM (view original):

Posted by strikeout26 on 5/27/2018 12:16:00 PM (view original):

Posted by tangplay on 5/27/2018 12:02:00 PM (view original):

Posted by strikeout26 on 5/27/2018 12:05:00 AM (view original):

Posted by tangplay on 5/27/2018 12:04:00 AM (view original):

Posted by strikeout26 on 5/26/2018 11:37:00 PM (view original):
https://taxfoundation.org/2017-tax-brackets/

https://www.google.com/amp/s/www.fool.com/amp/taxes/2017/04/27/2017-california-income-tax-what-you-need-to-know.aspx

Right, so the upper limit is 40%. Exactly what I have been saying.

No, because you're ignoring state income taxes.

We have been debating the federal income tax.

Nope, we have been the debating the amount that high income earners pay to the government.

I haven't.

Lets simplify this.

I make $10mil per year. I am taxed at 40%, so I take home $6mil. I give $500k annually to charity. How much more do you want me to pay?

Even if you make a billion dollars a year you don’t actually pay 40%.

But, yeah, I’d be cool with taxing 99% of all taxable income over $10M per year.

So if your taxable income is $11M, your take home in 2018 is $6,344,000.

If you make $12M, you keep $6,354,000.

$13M, $6,364,000. etc.

I find this to be frightening. This takes away all the incentive to be exceptional.

The only upside is that it will put all of the Ivy League and the like out of business.

How does that take away incentive to be exceptional?

?

There is no MSFT of Amazon thats how. Man you are dumb.

So Bill Gates would just not have started a software company in his garage if the marginal tax rate on personal taxable income over $10M was 99%?

What makes you say that?

Bill Gates would not have taken it public. What is the point?

Answer my question. Should Steph Curry be taxed at 99% for 75% of his annual salary? Should he not do any endorsements?

Your idea is NOT capitalism.

I believe Sweden has a 90% tax rate but everything is free in terms of medicine, education and retirement income. The wealthy there move elsewhere and establish their homes there. Monaco, USA, etc.

Your idea is Leftist Lunacy.