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?
Posted by cccp1014 on 5/27/2018 2:04:00 PM (view original):HOLY MOLY. I thought tangplay was the biggest moron here but no. bad luck takes the cake. Tax at 99% all income over $10mil. LMAO. People would be fleeing the US in droves.
Posted by tangplay on 5/27/2018 2:18:00 PM (view original):lol. CCCP owned yet again.
Posted by bad_luck on 5/27/2018 2:11:00 PM (view original):Posted by cccp1014 on 5/27/2018 2:04:00 PM (view original):HOLY MOLY. I thought tangplay was the biggest moron here but no. bad luck takes the cake. Tax at 99% all income over $10mil. LMAO. People would be fleeing the US in droves. Droves? Less than 20,000 people have taxable incomes over $10M.
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.
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?
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.
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.
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.
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.
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.
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
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.
Posted by DougOut on 5/27/2018 4:07:00 PM (view original):OH! I get it. Good point fish person.
Posted by The Taint on 10/22/2017 6:38:00 PM (view original):
Posted by gomiami1972 on 5/27/2018 4:11:00 PM (view original):Posted by DougOut on 5/27/2018 4:07:00 PM (view original):OH! I get it. Good point fish person.Dolphins are mammals but at least you didn't think it referenced the university. That would have been insulting.
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?
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