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post #1 of 5 (permalink) Old 03-04-2013, 03:29 AM Thread Starter
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Regressive State Taxes

Those poor, poor rich people are really suffering, aren't they?
And those rich, rich poor people have life so easy.
Check out your state - percentage of income paid in taxes:

Who Pays? | The Institute on Taxation and Economic Policy (ITEP)


As well, who fights our wars?
Who does our most dangerous and physical jobs?
Who dies sooner?
Low income people do:
https://docs.google.com/viewer?a=v&q...Nlso6we-FmRORQ

So, to recap, in American, circa 2013, the working class gives themselves so the wealthy may prosper. Is that the American Dream?

Last edited by Gnhtsg; 03-04-2013 at 03:51 AM.
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post #2 of 5 (permalink) Old 03-04-2013, 03:46 AM Thread Starter
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Poor people in rich neighborhoods...

...die sooner than poor people in poor neighborhoods.
Even though poor neighborhoods have higher crime?
What gives?

Poor People Living in Well-to-Do Neighborhoods Die Sooner: Scientific American
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post #3 of 5 (permalink) Old 03-04-2013, 04:00 AM Thread Starter
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A Reminder

If you think rich people are suffering in America under some kind of unfair tax burdon, you've been had. From the Romney thread and the Income Inequality thread:

http://www.nytimes.com/2012/09/25/op...-400.html?_r=0

"Thirty years ago, when Forbes published its first Forbes 400, a net worth of $75 million would get you on the list. Today it takes $1.1 billion. In the last year alone, the cumulative net worth of the wealthiest 400 people, by Forbes’s calculation, rose by $200 billion. That compares with a 4 percent drop in median household income last year, according to the Census Bureau. One would be hard pressed to find a clearer example of how powerfully income inequality has taken root."

"Financiers, who make up a large percentage of the Forbes 400, long ago found ways to convert their compensation to capital gains, for instance. Romney, of course, did the same thing when he was running Bain Capital, a private equity firm. But even those who are not on Wall Street rely on capital gains. A large number of the Forbes 400 — “roughly 40 percent,” according to a group called United for a Fair Economy — inherited their wealth. Many others on the list — people who started companies that they’ve since left — are classified by Forbes as investors."

"Even many of the corporate executives on the Forbes 400 are likely paying a lower tax rate. Many of them get minimal cash compensation and rely on stock options for the bulk of their wealth. Or they maneuver to take their companies through a leveraged buyout, which reaps them huge potential capital gains. In 2009, according to recent Congressional testimony by Leonard E. Burman, a professor at Syracuse University, the 400 highest-income taxpayers reaped an astounding 16 percent of all capital gains."

To recap:
Wealthy people use the tax code to increase their wealth in ways that are not possible for the average citizen. Take that into account when you think about income tax rates and taxes in general. That's how Mitt got to 13.9%. They use us like a rug. And then we fight their wars. Isn't that a definition of stupidity? "Trickle Down" has been a big stick shoved up our collective you-know-what...sideways.

Do you think, could it be possible, that Ronald "Trickle Down" Reagan was a Chinese plant (he kinda looked Asian when he laughed) designed to destroy the American Dream and promote inequality, ulitmately leading to revolt and the demise of the Great Experiment?
Venezuela, here we come. What irony!
You can never have too many gated communities, you know?

Last edited by Gnhtsg; 03-04-2013 at 04:13 AM.
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post #4 of 5 (permalink) Old 03-04-2013, 09:08 PM
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Quote:
Originally Posted by Turd Ferguson View Post

That's how Mitt got to 13.9%
I'm sure you pay less.
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post #5 of 5 (permalink) Old 03-04-2013, 10:28 PM
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Only the rich supported Romney.

Bill and Melinda Gates $53 billion, Supported Obama, Democrats
Warren Buffett $47 billion, Supported Obama, Democrat
Eli Broad $5.9 billion, Supported Obama, Democrats Madfloridian's Journal - Eli Broad: "with election of Obama and his appointment of Duncan, the stars are aligned"
John Doerr, $1.7 billion, Supported Obama, Democrat Obama appoints John Doerr to economic advisory board | VentureBeat
Gerry Lenfest, Supported Obama, Sestak, Democrat
Gerry Lenfest - $15,392 in Political Contributions for 2010
John Morgridge, $1.6 billion. Supported Obama, Democrat
NEWSMEAT ▷ John Morgridge's Federal Campaign Contribution Report
Paul Allen $13.5 billion, Supported Obama, Democrat
Paul Allen - $94,875 in Political Contributions for 2010
Laura and John Arnold, $4 billion, Supported Obama, Democrat
John Arnold - $104,252 in Political Contributions for 2008
Michael Bloomberg, $18 billion. Supported Obama, Democrat
Michele Chan, $5 billion. Supported Obama, Democrat
Barry Diller, $1.2 billion. Supported Obama, Democrat -
Barry Diller Says He

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