Forum Replies Created
-
AuthorPosts
-
August 9, 2012 at 10:41 PM in reply to: Good fact based WSJ article on who pays taxes in America #749940
SK in CV
Participant[quote=squat250]davelj, i wouldve considered children luxury goods prior to having them.
Now that i have them, it’s clear to me they are absolutely necessary. It was unseeable to me that i wasn’t who I really am without them.
So, no, not a luxury.
I’d rather have them and have a complete crap lifestyle.
They often ask me, pa, how much would you sell one of us for?
When i explain that i honestly would not take a million, or even to their shocka nd chagrin, ONE BILLION DOLLARS, they cannot understand it. Hell, they might even sell me for a billion dollars.Do other kids ask their parents weird questions like that?
how much would you take for me? Assume I’ll be well taken care of, pa, so you don’t have to worry about it. but you never get to see me again. How much?
Dude, I would not sell you.
Sure you would. think of all the money, Pa! Think of it! Wealthy beyond your dreams!
The money would mean nothing, little dude.[/quote]
+100
August 9, 2012 at 6:03 PM in reply to: Good fact based WSJ article on who pays taxes in America #749923Participant[quote=AN]I never said they won’t get by. But you don’t see that scenario being sold. You see multimillionaires as an example for increasing taxes on those who make $250k. If I use your logic, since I can get by with much less than $250k, I guess we should tax those in the 28% tax brackets and up much higher. Afterall, they’ll get by just fine.[/quote]
My argument has nothing to do with whether they can get by. I know that those with income lower than $250K a year spend a much higher percentage of their income which drives the economy. I know that higher top marginal tax rates on higher income small businesses encourage investment and hiring rather than the lie being told by those opposed to the increase that it discourages or limits investment and hiring. I know that over the last 40 years, the differnce between mean and median income in the US has grown significantly, as has the concentration of wealth, as a result of tax policies which disproportionately benefited those with high incomes. I know the country has huge debt and a huge annual deficit, and those things have to be dealt with.
Now, what scenario is it that I’ve been sold?
August 9, 2012 at 5:40 PM in reply to: Good fact based WSJ article on who pays taxes in America #749917Participant[quote=AN]What about two new-ish doctors making $400k, no kids, no house, but they have $400k in student loan? That extra few grand saved in taxes can help them pay off the student loans quicker and help them save to buy their first home.
Btw, it does matter what you call them, because that is exactly how proponent of the tax increase is selling it to the masses. They don’t say increase taxes ok the upper middle class.[/quote]
Those two young doctors should still be able to save tons of money, and pay off their all their student loans in 5 or 6 years. And still pay an extra $5K of taxes. I think they’ll get by.
August 9, 2012 at 5:17 PM in reply to: Good fact based WSJ article on who pays taxes in America #749913Participant[quote=AN]I see you’re leaving yourself room. So, if I read it right, $250k income alone is not wealthy. Yet you support the tax on the wealthy with $250k….[/quote]
I support a higher marginal tax rate on annual taxable income over $250K. If you’re married, have a couple kids and a house, have a job that pays you around $275K, and no other income, you probably wouldn’t be subject to the higher tax rate. Doesn’t really matter whether you call that rich, or wealthy or upper middle class. Make another $25K, and your taxes go up by less than a grand.
August 9, 2012 at 5:04 PM in reply to: Good fact based WSJ article on who pays taxes in America #749908Participant[quote=AN][quote=SK in CV][quote=AN]Me all over the place? You’re the one who’s all over the place. So, $250k is wealthy or not? Answer that simple question before we proceed.[/quote]
I’m pretty sure I’ve given you my answer on that a few times.
I think of wealthy as assets acquired rather than income. But $250K of annual income is sufficient to live a wealthy lifestyle. That would be a lifestyle better than 97% of the population.[/quote]
Is it really that hard to answer yes or no?[/quote]No, it’s pretty easy. Is it really that hard to understand my answer?
August 9, 2012 at 3:55 PM in reply to: Good fact based WSJ article on who pays taxes in America #749903Participant[quote=AN]Me all over the place? You’re the one who’s all over the place. So, $250k is wealthy or not? Answer that simple question before we proceed.[/quote]
I’m pretty sure I’ve given you my answer on that a few times.
I think of wealthy as assets acquired rather than income. But $250K of annual income is sufficient to live a wealthy lifestyle. That would be a lifestyle better than 97% of the population.
August 9, 2012 at 2:46 PM in reply to: Good fact based WSJ article on who pays taxes in America #749893Participant[quote=AN]
So, you must live a solid middle class life style in order to save a shit load of money while making $250k. So, are they middle class or wealthy? If $250k is wealthy, then why can’t they live a wealthy lifestyle AND save a shit load? BTW, with your logic, people making $150k can save a a lot of money (might not be a shit load like those making $250k, but still a lot) while living a solid middle class life style in San Diego as well. So, I guess with your logic, $150k is also wealthy. After all, those making $100k can live a wealthy life style and not save a shit load of money.[/quote]With all due respect, you’re all over the place here.
If you live in SD and make $250K a year, you can live a great middle class lifestyle and save a shit load of money. (I know, I’ve done it.)
You can also spend all your money and live a pretty extravagant lifestyle.
When you get into the $150K a year is also wealthy, you lose me. I don’t know what you’re referencing. But I’ve lived on $150K (before taxes) a year too in the last 10 years, and paid for 2 kids in college, and saved a bit too.
August 9, 2012 at 2:21 PM in reply to: Good fact based WSJ article on who pays taxes in America #749888Participant[quote=AN]So which is it?
[quote=SK in CV]If you live in San Diego, and make $250K a year and aren’t saving a shit load of money, you ARE living a wealthy lifestyle.[/quote]
or[quote=SK in CV]$250K a year will get you a solid middle class lifestyle in San Diego…[/quote]
[/quote]
It’s both. The 2nd is included in the first.
August 9, 2012 at 1:56 PM in reply to: Good fact based WSJ article on who pays taxes in America #749873Participant[quote=AN] I want to simplify the tax code, etc. I.E. I want something like Bowles-Simpson proposal.[/quote]
The problem with Simpson Bowles is that it wasn’t a proposal. It was an outline of a proposal. There weren’t really many details. Much like the Romney economic “plan”. “We’ll cut stuff” is not a plan.
August 9, 2012 at 1:53 PM in reply to: Good fact based WSJ article on who pays taxes in America #749871Participant[quote=AN]
Exactly, $250k a year will get you a solid middle class lifestyle but according to some, $250k is the top 3%, the wealthy and should be taxed more. So, which is it, $250k = middle class or $250k is the wealthy? You can’t be called the wealthy if all you can afford is a middle class lifestyle, can you?[/quote]This really shouldnt be such a hard concept. $250K a year IS the top 3%. It will also provide a much greater than middle class lifestyle in the vast majority of this country. Guess what, a nice house with new cars, and gym memberships, $100 dinners out, season tickets to baseball or football games, and nice vacations IS a wealthy lifestyle. There are a few spots in this country where income below the upper middle class can’t afford to live. That doesn’t make residents there middle class. It makes them wealthy.
If you live in San Diego, and make $250K a year and aren’t saving a shit load of money, you ARE living a wealthy lifestyle.
August 9, 2012 at 10:59 AM in reply to: Good fact based WSJ article on who pays taxes in America #749843Participant[quote=AN][quote=briansd1]It’s income over $250,000, not all of it. People just don’t seem to understand the concept of marginal rates.[/quote]
Of course it’s income over $250k and it only hit 3% of the people. After that’s in the bag, what would stop them from saying, lets lower that to $150k when they need more money. That only affect a few more % of people. Those people are not middle class anyways. Then what would stop them from lowering it to $100k? That’s alost 2X the median income. It only affect another small % of people.[/quote]Some people will say that. That would be the people that say that the middle class doesn’t pay it’s fair share, and that those with higher incomes pay too much. Wait, they already are saying that. So which is better? Those that already want to tax those with lower incomes at a higher rate, or those that want to tax only those with higher incomes at a higher rate?
August 9, 2012 at 10:39 AM in reply to: Good fact based WSJ article on who pays taxes in America #749835Participant[quote=AN]This is exactly what I’m talking about. Once you get 3% in the bag, I can see, oh, we need more money, lets go for the top 5%, then 10%. After all, they’re rich and it’s only the top 5-10%. 90% of the people aren’t making that much money. They’re no where near middle class. It’ll only affect another handful of cities. This doesn’t affect the majority of cities and 90% of the people.
So, since there are only a handful of cities that have expensive cost of living, they don’t count then? Add in Irvine, LA, certain part of SD (if you hate traffic and want to live near work), Chicago, Seattle, Palo Alto, Sunnyvale, Cupertino, etc. to you handful of cities.[/quote]
Right, and milk is just a gateway drug to heroin. That’s a new argument applied to taxes. I haven’t heard it before. (If that’s what you were talking about before, you failed to mention it.)
$250K a year will get you a solid middle class lifestyle in San Diego, as it will in LA, Chicago, Seattle, and every other city you listed there. RSF is not a middle class community. Neither is Beverly Hills or Malibu. Even in NYC, that kind of money is decent. Better than decent in Brooklyn. Middle class doesn’t mean having everything your neighbor has.
August 9, 2012 at 9:37 AM in reply to: Good fact based WSJ article on who pays taxes in America #749824Participant[quote=AN]Who said anything about kissing up? Some of us are either afraid the definition of rich will drift downward from the $250k/year or who are annoyed that they’re being called rich even when they’re really not. $250k/year is barely middle class in some expensive cities.
The Dems loves to use millionaires for their example of wasteful rich people, then goes out and propose tax increase on those who make $250k/year.
[/quote]That’s a ridiculous assertion. $250K a year is in the top 3% of income. There are a small handful of cities (NY, SF, others? I don’t know of any others.) that $250K a year doesn’t go near as far as it does in others. But nowhere is it barely middle class.
Participant[quote=flu]
These new web 2.0 employees don’t even bother to try. The moment the shit hits the fan, they’re out the door… Once folks figure out the IPO was complete dud…bye bye…Nice huh? The future of america is gonna look very very interesting…Absolutely disgusting….[/quote]
From the standpoint of the company, the Facebook IPO was a raging success. Possibly the best of all time. They got MORE than the company is worth. Hardly a dud.
-
AuthorPosts
