brenthutch 444 #1 September 28, 2012 http://articles.cnn.com/2012-09-10/opinion/opinion_arnault-france-tax-rate_1_tax-rate-tax-regimes-taxes-in-three-ways Quote Share this post Link to post Share on other sites
quade 4 #2 September 28, 2012 http://en.wikipedia.org/wiki/C'est_la_viequade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
quade 4 #3 September 28, 2012 Meanwhile in England… http://www.businessinsider.com/jk-rowling-on-high-taxes-2012-9 I guess some people love their country enough not to abandon it just because they're asked to pitch in and help.quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
brenthutch 444 #4 September 28, 2012 QuoteMeanwhile in England… http://www.businessinsider.com/jk-rowling-on-high-taxes-2012-9 I guess some people love their country enough not to abandon it just because they're asked to pitch in and help. Meanwhile still in England "Cameron's government cut Britain's top tax rate to 45 per cent from 50 per cent in this year's budget, saying it was raising little in the way of revenue and acting as a barrier to enterprise." http://www.aljazeera.com/news/americas/2012/06/201261917494482255.html Quote Share this post Link to post Share on other sites
kallend 2,106 #5 September 28, 2012 QuoteQuoteMeanwhile in England… http://www.businessinsider.com/jk-rowling-on-high-taxes-2012-9 I guess some people love their country enough not to abandon it just because they're asked to pitch in and help. Meanwhile still in England "Cameron's government cut Britain's top tax rate to 45 per cent from 50 per cent in this year's budget, saying it was raising little in the way of revenue and acting as a barrier to enterprise." http://www.aljazeera.com/news/americas/2012/06/201261917494482255.html I agree with you, a 45% top rate is just about right.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
brenthutch 444 #6 September 28, 2012 We currently pay about the same here in the U.S.. One must account for State and Local taxes to make a valid comparison. In the UK there are no state and municipality taxes (local governments get grants from the central government). Add Federal, State, and Municipal tax rates for top earners and you will be in the ballpark. Quote Share this post Link to post Share on other sites
kallend 2,106 #7 September 28, 2012 QuoteWe currently pay about the same here in the U.S.. One must account for State and Local taxes to make a valid comparison. In the UK there are no state and municipality taxes (local governments get grants from the central government). Add Federal, State, and Municipal tax rates for top earners and you will be in the ballpark. Wrong. This graph gives total effective rate of federal, state and local taxes. The rich get off more lightly than the middle class.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
shah269 0 #8 September 28, 2012 maybe they can move to Iran?Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay. The only thing that falls from the sky is birdshit and fools! Quote Share this post Link to post Share on other sites
brenthutch 444 #9 September 28, 2012 Top federal income tax rate =35% State income tax rates = 0%-11% Municipal 0% - 8.5% Plenty of folks paying over 45%. Add, property, and sales taxs and you get plenty more. Quote Share this post Link to post Share on other sites
kallend 2,106 #10 September 28, 2012 QuoteTop federal income tax rate =35% State income tax rates = 0%-11% Municipal 0% - 8.5% Plenty of folks paying over 45%. Add, property, and sales taxs and you get plenty more. Plenty pay NO state income tax (Texas, where a lot of oil-rich folks live). Only one, very small, state is as high as 11%. And the very rich, like Romney and Buffett, get to pay a far lower rate than the middle class because they've bought the legislatures.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
brenthutch 444 #11 September 28, 2012 Quote Quote Top federal income tax rate =35% State income tax rates = 0%-11% Municipal 0% - 8.5% Plenty of folks paying over 45%. Add, property, and sales taxs and you get plenty more. Plenty pay NO state income tax (Texas, where a lot of oil-rich folks live). Only one, very small, state is as high as 11%. And the very rich, like Romney and Buffett, get to pay a far lower rate than the middle class because they've bought the legislatures. California 9.55% New York 8.97% New Jersey 8.97% Oregon (which I guess you consider a very small state) 11% Mitt was so greedy that he took no salery while governor. Quote Share this post Link to post Share on other sites
kallend 2,106 #12 September 28, 2012 Quote Quote Quote Top federal income tax rate =35% State income tax rates = 0%-11% Municipal 0% - 8.5% Plenty of folks paying over 45%. Add, property, and sales taxs and you get plenty more. Plenty pay NO state income tax (Texas, where a lot of oil-rich folks live). Only one, very small, state is as high as 11%. And the very rich, like Romney and Buffett, get to pay a far lower rate than the middle class because they've bought the legislatures. California 9.55% New York 8.97% New Jersey 8.97% Oregon (which I guess you consider a very small state) 11% Mitt was so greedy that he took no salery while governor. Why don't you produce your own graph, showing ACTUAL rates paid by the very wealthy like Buffett and Romney? Show us how Romney gets to 45%, when his federal income tax rate is 13.9%.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
brenthutch 444 #13 September 28, 2012 Quote Quote Quote Quote Top federal income tax rate =35% State income tax rates = 0%-11% Municipal 0% - 8.5% Plenty of folks paying over 45%. Add, property, and sales taxs and you get plenty more. Plenty pay NO state income tax (Texas, where a lot of oil-rich folks live). Only one, very small, state is as high as 11%. And the very rich, like Romney and Buffett, get to pay a far lower rate than the middle class because they've bought the legislatures. California 9.55% New York 8.97% New Jersey 8.97% Oregon (which I guess you consider a very small state) 11% Mitt was so greedy that he took no salery while governor. Why don't you produce your own graph, showing ACTUAL rates paid by the very wealthy like Buffett and Romney? Show us how Romney gets to 45%, when his federal income tax rate is 13.9%. Read the tax code. Capital gains are treated differently than regular income. Quote Share this post Link to post Share on other sites
quade 4 #14 September 28, 2012 QuoteRead the tax code. Capital gains are treated differently than regular income. For no reason other than that's what some rich dudes lobbied for.quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
brenthutch 444 #15 September 28, 2012 QuoteQuoteRead the tax code. Capital gains are treated differently than regular income. For no reason other than that's what some rich dudes lobbied for. Plenty of working folks as well. Pensions, 401ks, IRAs all benefit from a reduced rate for capital gains Quote Share this post Link to post Share on other sites
billvon 3,070 #16 September 28, 2012 >Plenty of working folks as well. People who pay ANY capital gains tax: (2006 data) Income <$75,000 - 8% Income $75,000 to $200,000 - 27% Income $200,000-$1,000,000 - 54% Income >$1,000,000 - 76% Overall about 14% of all taxpayers report capital gains. Quote Share this post Link to post Share on other sites
DrewEckhardt 0 #17 September 29, 2012 QuoteQuoteTop federal income tax rate =35% State income tax rates = 0%-11% Municipal 0% - 8.5% Plenty of folks paying over 45%. Add, property, and sales taxs and you get plenty more. Plenty pay NO state income tax (Texas, where a lot of oil-rich folks live). Only one, very small, state is as high as 11%. California charges middle class people 9.3% + 1.0% for state disability insurance = 10.3%. That tax bracket starts at $46,766 for single people (doubled for married couples) and the SDI cap is $95,585 per worker. Million dollar earners also pay 10.3%. Quote Share this post Link to post Share on other sites
brenthutch 444 #18 September 29, 2012 Bill, what tax rate do you pay? I pay 40.43% on income add property taxes and sales tax and I am well north of 45%. Is this not enough? Quote Share this post Link to post Share on other sites
ShcShc11 0 #19 September 29, 2012 All I can say is: Poutine. Quote Share this post Link to post Share on other sites
rhaig 0 #20 September 29, 2012 Quote Plenty pay NO state income tax (Texas, where a lot of oil-rich folks live). yeah, and have you seen our property taxes? what? you didn't research that before you made your flippant remark?-- Rob Quote Share this post Link to post Share on other sites
champu 1 #21 September 29, 2012 QuoteBill, what tax rate do you pay? I pay 40.43% on income add property taxes and sales tax and I am well north of 45%. Is this not enough? I'm inclined to doubt your 40.4% number unless you're self-employed and are including self-employment/FICA in there. Keep in mind nobody actually pays an effective rate equal to their marginal rate. Quote Share this post Link to post Share on other sites
kallend 2,106 #22 September 29, 2012 QuoteQuote Plenty pay NO state income tax (Texas, where a lot of oil-rich folks live). yeah, and have you seen our property taxes? what? you didn't research that before you made your flippant remark? May I remind you that Cameron's remark (what, you forgot what the 45% discussion was about?) was INCOME tax top rate. UK has property taxes too, and VAT, and National Insurance tax (same as our Social Security)... Even if Romney's state tax rate were 11% (which it isn't) he'd still only be at 24.9% on his total income taxes. A far cry from 45%.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rhaig 0 #23 September 29, 2012 Quote May I remind you that Cameron's remark (what, you forgot what the 45% discussion was about?) was INCOME tax top rate. UK has property taxes too, and VAT, and National Insurance tax (same as our Social Security)... Even if Romney's state tax rate were 11% (which it isn't) he'd still only be at 24.9% on his total income taxes. A far cry from 45%. I was also looking at the part of the post that YOU quoted that said "Add, property, and sales taxs and you get plenty more." Or didn't you read that part? go ahead with your misdirect... look!! shiny!! over there!!-- Rob Quote Share this post Link to post Share on other sites
kallend 2,106 #24 September 29, 2012 QuoteQuote May I remind you that Cameron's remark (what, you forgot what the 45% discussion was about?) was INCOME tax top rate. UK has property taxes too, and VAT, and National Insurance tax (same as our Social Security)... Even if Romney's state tax rate were 11% (which it isn't) he'd still only be at 24.9% on his total income taxes. A far cry from 45%. I was also looking at the part of the post that YOU quoted that said "Add, property, and sales taxs and you get plenty more." Or didn't you read that part? go ahead with your misdirect... look!! shiny!! over there!! I am not responsible for your failure to follow the logic of the thread.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rhaig 0 #25 September 29, 2012 Quote I am not responsible for your failure to follow the logic of the thread. HEAR YE!! HEAR YE!!! The GREAT King of Speakers Corner, has hereby declared that all posts in a thread will now only discuss the content of the original post, not any comments added downthread. (unless he, the great one, himself adds the additional comments, those comments are directly supporting the the liberal agenda, piss off rushmc, or otherwise please the great one. All rights reserved, not valid in all states nor where prohibited by law)-- Rob Quote Share this post Link to post Share on other sites
