#OccupyWallstreet

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Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
Ha, yeah to to exact, Obama wanna increase tax on those making $250k+, which is about the top 1.5%. But 98.5% vs 1.5% isn't as catchy or sound as nice as 99% vs 1%. You know Obama and his Hope and Change, he gotta have a catchy simple line so his disciples can follow.

If you have decent degree, good experience and career track, making $250k in a dual income family isn't atypical. I have my ms engineering and MBA with 10+ years consulting experience and my wife top 5 MBA with 10+ experience in corporate finance easily make that. Most our friends with dual income and similar background, easily make that. My engineering friends living in Silicon Valley, dual income easily make that. None of us do any lobbying, or do anything special other than going to work, come home to our family like the rest of American.

You know how it is, those fvcking politicians run the country to the ground and they gotta find someone to blame. They gotta have their catchy phrase to get their mob to follow. Now Obama got his mob with no idea exactly what they are doing, no agenda, no plan, just bunch of finger pointing at the easy picking 1%.

And if your taxes went up by 5% of the earnings over $250K, it'd break your balls off, right?

Make no mistake, that's what we're really talking about, that's what the President has proposed. You'd still be paying far less than any other first world family in your income bracket.
 

michal1980

Diamond Member
Mar 7, 2003
8,019
43
91
And if your taxes went up by 5% of the earnings over $250K, it'd break your balls off, right?

Make no mistake, that's what we're really talking about, that's what the President has proposed. You'd still be paying far less than any other first world family in your income bracket.

The people in the top 5% bracket start at ~160k a year in taxes. Pay over %58 of the taxes in the country. Yet only make ~35% of the income.

How much of a large share do they need to pay to make you tax hikers happy? Their current share is 1.6x their share of income. And they need to pay more? Why? So a hippe can get his free art history degree?
 

pcgeek11

Lifer
Jun 12, 2005
21,659
4,706
136
People do have their right to their day in Court, don't they?

I never said they didn't have a right to "their day in court". However to Demand they drop the charges or they will overload the court system threat crap is just that a shitty move. IMO

I hate these kinds of threats. It does ring true with all the other wild ass things that are going on Destruction of property, trashing the entire area, violence / disorderly conduct. Groups chanting Fuck The USA...
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
The people in the top 5% bracket start at ~160k a year in taxes. Pay over %58 of the taxes in the country. Yet only make ~35% of the income.

How much of a large share do they need to pay to make you tax hikers happy? Their current share is 1.6x their share of income. And they need to pay more? Why? So a hippe can get his free art history degree?

Nice framing! Grover Norquist would be proud.

And nice duh-version, too, moving from the top 1% or 1.5% to the top 5%. Current discussions only involve raising taxes by 5% of earnings above $250K, and by 5% of capital gains, from 15% to 20%, the same as they were during the Clinton years.

A family earning $300K would pay an additional $2500/yr in federal taxes, which ought to be chump change for them. Boo-hoo.

Apparently, our resident raving righties have no idea as to the diminishing utility of money.
 

fskimospy

Elite Member
Mar 10, 2006
85,709
50,998
136
The people in the top 5% bracket start at ~160k a year in taxes. Pay over %58 of the taxes in the country. Yet only make ~35% of the income.

How much of a large share do they need to pay to make you tax hikers happy? Their current share is 1.6x their share of income. And they need to pay more? Why? So a hippe can get his free art history degree?

They pay 58% of the INCOME taxes, not 58% of the taxes. You can only arrive at that value by discounting huge amounts of taxes paid by the rest.

You realize that the reason the top 5% pay such a large share of the taxes is because their incomes have increased at a hugely disproportionate rate with the rest, right? The complete lack of shame is amazing to me that people could look at a system where a small group of people have taken the vast majority of the benefits in recent years and then shriek and whine about how mean the system is by forcing them to give part of it back.
 

halik

Lifer
Oct 10, 2000
25,696
1
0
Ha, yeah to to exact, Obama wanna increase tax on those making $250k+, which is about the top 1.5%. But 98.5% vs 1.5% isn't as catchy or sound as nice as 99% vs 1%. You know Obama and his Hope and Change, he gotta have a catchy simple line so his disciples can follow.

If you have decent degree, good experience and career track, making $250k in a dual income family isn't atypical. I have my ms engineering and MBA with 10+ years consulting experience and my wife top 5 MBA with 10+ experience in corporate finance easily make that. Most our friends with dual income and similar background, easily make that. My engineering friends living in Silicon Valley, dual income easily make that. None of us do any lobbying, or do anything special other than going to work, come home to our family like the rest of American.

You know how it is, those fvcking politicians run the country to the ground and they gotta find someone to blame. They gotta have their catchy phrase to get their mob to follow. Now Obama got his mob with no idea exactly what they are doing, no agenda, no plan, just bunch of finger pointing at the easy picking 1%.

I think the latest cut off for the Jobs bill was people making over $1M/year which is a much more reasonable cutoff. Progressive rate cap gains will have much more profound impact on the income gap than taxing actual income.

But yeah the 1%/99% thing would make Karl Rove proud.
 
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novasatori

Diamond Member
Feb 27, 2003
3,851
1
0
I thought this was kinda interesting

But instead of the anticipated confrontation, there was a dramatic reversal of fortune. Fanny Mae canceled the eviction notice and offered the Gudiels a loan modification that could enable them keep their home.
Why? Fannie Mae and loan servicer OneWest won’t discuss the case. But nonprofit advocates say a series of bold protests — with reinforcements from the “Occupy Wall Street” movement — and a spate of media interest put Rose in the limelight and forced the banks to back down.
http://www.msnbc.msn.com/id/44908122/ns/us_news-life/#.TpxCzbJSY1c
 

michal1980

Diamond Member
Mar 7, 2003
8,019
43
91
They pay 58% of the INCOME taxes, not 58% of the taxes. You can only arrive at that value by discounting huge amounts of taxes paid by the rest.

You realize that the reason the top 5% pay such a large share of the taxes is because their incomes have increased at a hugely disproportionate rate with the rest, right? The complete lack of shame is amazing to me that people could look at a system where a small group of people have taken the vast majority of the benefits in recent years and then shriek and whine about how mean the system is by forcing them to give part of it back.

Yes 58% of the income taxes.

Did you miss the part where they make 38% of the income? If you want to be 'fair' then their taxes should be cut until it matches their share of income.
 

shadow9d9

Diamond Member
Jul 6, 2004
8,132
2
0
The people in the top 5% bracket start at ~160k a year in taxes. Pay over %58 of the taxes in the country. Yet only make ~35% of the income.

How much of a large share do they need to pay to make you tax hikers happy? Their current share is 1.6x their share of income. And they need to pay more? Why? So a hippe can get his free art history degree?

Put it back to where it was before we "temporarily" cut taxes during 2 wars.

Don't talk about what portion they pay. They have more money, so of course proportionally they will pay more.
 

fskimospy

Elite Member
Mar 10, 2006
85,709
50,998
136
Yes 58% of the income taxes.

Did you miss the part where they make 38% of the income? If you want to be 'fair' then their taxes should be cut until it matches their share of income.

Nope, sure didn't miss that part. So you want to eliminate progressive taxation, good luck on that one.

Your definition of fair is a very selective one. You might think that someone's dollar paid in taxes that would otherwise be used for food and a roof over their head is equivalent to a dollar that would be used to buy someone a yacht, but I don't. The rich benefit far more from the structure of our society than the poor do, and so they pay more just as they should.
 

shadow9d9

Diamond Member
Jul 6, 2004
8,132
2
0
Yes 58% of the income taxes.

Did you miss the part where they make 38% of the income? If you want to be 'fair' then their taxes should be cut until it matches their share of income.

Link to us the data and we will explain it to you. You are using the statistics out of context.
 

shadow9d9

Diamond Member
Jul 6, 2004
8,132
2
0
most of the 1% aren't as rich and curropt as you anti 1% want to make them out to be.

the cutoff for 1% is ~380k. Thats a good dr. or a household of two doctors. Wow talk about evillll, they must be killed. Are the 99 percenters serious about calling this 1% of the population evil? These people went to school for 11+ years, and now some spoiled jobless kid wants to do what to them?

The top .1% get income into the millions.

Futher more. The top .1% pay ~18% of the taxes in the USA, the top 1% ~38% of the taxes.

The .1% number ~140,000 people.

http://www.taxfoundation.org/news/show/250.html

Are the 99percenters saying that 140,000 people are able to buy all the votes in this country? If thats the case the problem isn't the .1% in the country, they should take a look in the mirror at who they are voting for. 140,000 votes in a presidental election is a rounding error.



You are mischaracterizing the argument. This means you either don't understand the argument, are getting told what to think by talk radio/fox news, or you are purposely mischaracterizing it.
 

dwell

pics?
Oct 9, 1999
5,185
2
0
No one has been charged or arrested for tanking the world economy... Why should people be arrested for exercising freedom of speech?

No, you should be arrested for unlawful assembly, criminal trespassing, and resisting arrest where appropriate.

Just because you have something to prove does not give you a pass to break the law.
 
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