quote:WTF are you talking about?
You claim to know a lot about rich people.
quote:History has shown that small changes in the tax rates for the wealthy have virtually no effect on anyone.
WTF are you talking about?
Just simple economic realities. Folks like you are correct. Rich people will barely notice a small increase in their taxes.
ALL the effects that occur will be noticed by NON rich people.
quote:I hate this justification. By that logic it should be legal to steal from rich people. I mean... can't we steal their new TV? They can afford to buy another one, right?
People that assert that a few percentage points higher on rich folks would be absorbed with little effect upon the rich are absolutely correct.
quote:So, your economic assertion is that the money just goes "poof" and no one notices.
History has shown that small changes in the tax rates for the wealthy have virtually no effect on anyone.
quote:Yep. I hate it too.
I hate this justification
quote:I guess these guys are economic idiots too. Study on top tax rates.
History hasn't shown any such thing. You're an economic idiot.
Democrats and the left have taken otherwise decent people and convinced them that theft by ballot box is moral.
You stated in another thread that tax rates on the rich don't change anything. I assume you are against tax increases to the top bracket?
quote:Pretty much. Only a pathetic simpleton (or propagandist) would look solely at the top marginal rate over time. Our tax coes is currently over 70,000 pages. Do you honestly think it can be boiled down to looking at only ONE rate of the marginal rate table to draw sensible conclusions?
I guess these guys are economic idiots too
I'd take 100% tax rate if you gave me the deductions and shelters that were available in the 1960's. HAPPILY. Because I'd be paying less than I am now. You've been duped.
quote:You mean like it had no effect in Britian?
I am opposing the OP's premise that raising the tax rate for the wealthy would have serious consequences.
Two-thirds of millionaires left Britain to avoid 50p tax rate
Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed.
In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.
This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election.
The figures have been seized upon by the Conservatives to claim that increasing the highest rate of tax actually led to a loss in revenues for the Government.
It is believed that rich Britons moved abroad or took steps to avoid paying the new levy by reducing their taxable incomes.
quote:The study wasn't done by the NY Times, not that that would matter.
When he posted the NYT "study", he demonstrated he was one of the "masses" who that shite is targetted at. He's hopeless primarily because he is kind of pathetic and feels he needs others to help him.
quote:Yup. Like a large mouth bass on a spinner bait. CHOMP! Swallow! Gulp!
When he posted the NYT "study", he demonstrated he was one of the "masses" who that shite is targetted at.
quote:The Bush tax cuts made no attempt at simplification. They only cut marginal rates (mostly for "the poor" btw).
What the heck did Bush do to the tax codes? I thought he wanted to simplify it.