What do you guys think about Obama taxing the rich more?

[Shard_Luck]

Sorry to double post...this was on my mind.


What do you guys think about Obama taxing the rich more? Will there still be insentive for people to become doctors or lawyers?

[shadowsworn]

Sounds awesome to me.

Next he should cut all those tax breaks huge companies get

*no I'm not being sarcastic*

[silence086]

I already see the affects of just obama saying he's gonna tax the companies more.the most people ive ever seen get layed off around me right as the new year started.
By taxing buisness's more your taking away someone elses pay check that could use a job.

Lol are u kidding? There hasnt even been much talk about Obamas tax plan lately, most of it was done before he got elected.

But mainly, the layoffs and stuff are because of the recession, not because of talk of anything. Where have u been...

[TaikoxKashi]

Geez, shard you create A LAWT of threads.
Anyway, i think its a great idea to help out the poorer people.. I haven't really looked much into it so i cant say much about it.
Yey, center. lolz.

[shadowsworn]

No...If they got taxed to the point where they make the same as the "average joe"...then why would they do it?

That's not going to happen, though. So what's your point?

[Shard_Luck]

Geez, shard you create A LAWT of threads.
Anyway, i think its a great idea to help out the poorer people.. I haven't really looked much into it so i cant say much about it.
Yey, center. lolz.

I only created two today. That isnt a lot

[Ronin]

Oh. It definitely is. But you were asking that if they make the same, which one would people rather be?

Wana do a practical experiment on the scale of some 100 million people?

You have no idea...

Lets say I am an engineer, and I have ready an idea for an innovation.
Would you sell it for 40k?
Nah.

[Eriond]

we need the opposite of robin hood

kill and steal from the poor and give to the rich

this whole robin hood = obama makes me wish i lived closer to DC so i can shoot him

The United States just went through 8 years of that, as I recall...

Wana do a practical experiment on the scale of some 100 million people?

You have no idea...

Lets say I am an engineer, and I have ready an idea for an innovation.
Would you sell it for 40k?
Nah.

I don't understand what you're getting at. Either you're not reading my posts, or I'm really not getting what you're saying. I never said they should get paid the same. At all. I never said that. Shard asked what if.

[Shard_Luck]

That's not going to happen, though. So what's your point?

Tax on 100k right now is 30% it goes up to 35%.

your very wrong dude. It could happen to the point where making 60k pays more then making 100k.

[shadowsworn]

we need the opposite of robin hood

kill and steal from the poor and give to the rich

this whole robin hood = obama makes me wish i lived closer to DC so i can shoot him

I was going to ask if you're serious but I've reread this several times and it seems like you are so...

What is your problem?

[Eriond]

Tax on 100k right now is 30% it goes up to 35%.

your very wrong dude. It could happen to the point where making 60k pays more then making 100k.

You don't understand how income brackets work, do you?

[girtrute]

Lol are u kidding? There hasnt even been much talk about Obamas tax plan lately, most of it was done before he got elected.

But mainly, the layoffs and stuff are because of the recession, not because of talk of anything. Where have u been...

I been out working watching people get layed off. and oklahoma is barley even fealing the recession. People are preparing for those plans even if it hasnt been talked about now.He ran most of his campaign behind that.

[shadowsworn]

I fail to see how taxing the rich will make the recession worse, if that's what you're implying.

[Z0MBiE]

it's just paper.

burn it all. back to the primitive.

[Shard_Luck]

The average salary of a lawyer, though, is around 500k. I'm sorry, but I feel no pity whatsoever.

You do realize that Laywers work like 70 freakin hours a week right vs someone who works at Safeway and works 40.

What is your job anyway? Just curious. I am not trying to be offensive

[Eriond]

I know you get taxed a crapload more if your rich

If you make 100,000$, for example, you would pay 28% of tax on 21,149$ of your money. 25% on 46,299$ and 15% on 24,524$, and 8,025$ you'd get for free.

You go through brackets. Once you start making a certain amount, all your money doesn't immediately jump up in taxes. The tax system is far more fair than that. Rather, you pay a higher tax on all money you make over a certain level. Also, tax bracket from $78,851 to $164,550 is 28%, not 35%. It's 35% on $357,701 and above.

[Shard_Luck]

If you make 100,000$, for example, you would pay 28% of tax on 21,149$ of your money. 25% on 46,299$ and 15% on 24,524$, and 8,025$ you'd get for free.

You go through brackets. Once you start making a certain amount, all your money doesn't immediately jump up in taxes. The tax system is far more fair than that. Rather, you pay a higher tax on all money you make over a certain level. Also, tax bracket from $78,851 to $164,550 is 28%, not 35%. It's 35% on $357,701 and above.

thats still a lot of tax...28 freaking percent.

What is it on 40k-60k then?

I dont have relatives that are rich. However, I do know people who are rich. They worked 70 hours a week.

[girtrute]

I fail to see how taxing the rich will make the recession worse, if that's what you're implying.

Becouse the rich employ people so when you tax them you can be taking away from a employers check under them.so its like taking form the poor at the same time.

[Ronin]

I fail to see how taxing the rich will make the recession worse, if that's what you're implying.

Well, this is not about taxing the rich, it is about widening up the gaps, between people who employ and people who get employed.

That btw, is what would make not only a huge difference on the recession, but on work structure and living conditions of the general population.

But as it is a matter of fact, nothing of this makes any real differences at all.
It is beyond the government to achieve success in any measures that are against the natural balance of the cash flow.
It will just adept to it as it represents the market realities and conditions, which the gov can't influence (to the better).

[Shard_Luck]

Becouse the rich employ people so when you tax them you can be taking away from a employers check under them.so its like taking form the poor at the same time.

He has a point.

[silence086]

I been out working watching people get layed off. and oklahoma is barley even fealing the recession. People are preparing for those plans even if it hasnt been talked about now.He ran most of his campaign behind that.

Yes he did run this info in his campaign, then after being elected pretty much said it isnt gonna happen anytime in the near future. They arent preparing for that shit, no kind of announcement or anything has even been made for them to be taking measures like that. Yes Oklahoma is feeling the recession, the whole country and most of the world is. You may not personally, but i promise u, businesses in your state are indeed feeling the recession. They are laying ppl off just like the rest of the country.

[shadowsworn]

Lawyers also overcharge and basically scam people because their companies pressure them into doing so. Most lawyers do this.

also, why does it matter what I do o_O. I'm a university student with a side job at a gas station. I want to be a writer someday.

now, Shard Luck and girtrute, I'd like to ask you what you do? and more importantly, what do your parents do?

[Shard_Luck]

Lawyers also overcharge and basically scam people because their companies pressure them into doing so. Most lawyers do this.

also, why does it matter what I do o_O. I'm a university student with a side job at a gas station. I want to be a writer someday.

It doesnt matter what you do I was curious.

[Eriond]

Becouse the rich employ people so when you tax them you can be taking away from a employers check under them.so its like taking form the poor at the same time.

Ahahha. You make me laugh. You seem to think that tax money 'vanishes' when it's taxed, and that the rich are bountiful employers, not prone to excesses that help no one at all.

The government doesn't horde wealth. It spends it. It spends it like crazy. Government is a top level consumer. When you tax wealth, it goes to the government, which then in turn flows back to business as the government hires people and buys goods. Now, not to say that the government doesn't do things inefficiently. It does. Sometimes massively. But between bad judgement and sheer self interest, the rich also don't spend their wealth wisely either.

thats still a lot of tax...28 freaking percent.

What is it on 40k-60k then?

I dont have relatives that are rich. However, I do know people who are rich. They worked 70 hours a week.

EDIT: 25%. That's not a whole lot when you consider that for a mere 25% of your income, you get subsidized/free healthcare (if you're living in any developed nation int he world other than the United States), roads, schooling, subsidized education, transit, and everything.

[shadowsworn]

Besides, the government already spends a huge amount of money supporting businesses.

This despite the many excesses businesses indulge in. ie. massive severance packages for CEOs.