Who Pays Income Taxes?

[quote]Smitty88 wrote:
orion:

Cool, you like to type posts.

But you still did not back up your original assertion:

The super rich don`t pay nothing, only around 15-20 % or so if they are clever…

And it looks like you’re not going to.

[/quote]

So then you are not convinced…

My bad…

Do you mind if I try to do what I mentioned in real life?

It kind of makes sense to me?

I will end under a bridge, without any doubt…

But you really,really won`t believe me , do you…

http://www.ustrust.com/public/ustrust/wealth_management_investments/trusts/delaware_trusts?cmsid=P-441755&lvl1=wealth_management_investments&lvl2=trusts&refid=P-753713&refpid=P-439616

Look under tax savings, but feel free to study all of it…

You kind of need it…

No schmafu, concerning inter vivos trusts…

Gotta love it…

Danny Craine…

[quote]Smitty88 wrote:
For all of the liberals who are confused as to who pays the taxes in this country.

2004 tax statistics:

Top 1% ($328-k)-----------Paid 36.89%

Top 5% ($137-k------------Paid 57.13%

Top 10%($99-k)------------Paid 68.19%

Top 25%($60-k)------------Paid 84.86%

Top 50%(30-k)-------------Paid 96.70%

Bottom 50% (under 30-k)—Paid 3.30%

[/quote]

Figures lie and liars figure. If you don’t beleive that look up Arthur Anderson

[quote]yorik wrote:
Smitty88 wrote:
orion wrote:

If the top 10% pay most of the taxes to run the country, shouldn’t they get the most say in how the country is run? A guy who pays $1M in taxes should have more say than a guy who pays $1000 in taxes.
That would only be fair, right?

[/quote]
Who the fuck do you think is running this country,?..Corporate America!

Yeah, your forgetting about stock options, company cars, profit sharing, bonuses. come on.

[quote]Skystud wrote:
yorik wrote:
Smitty88 wrote:
orion wrote:

If the top 10% pay most of the taxes to run the country, shouldn’t they get the most say in how the country is run? A guy who pays $1M in taxes should have more say than a guy who pays $1000 in taxes.
That would only be fair, right?

Who the fuck do you think is running this country,?..Corporate America!
[/quote]

80% of all jobs in the US are provided by small businesses, or self-employment.

You say Corporate America is running this country is laughable.

[quote]summa wrote:
rainjack wrote:
summa wrote:
orion wrote:
summa wrote:
If the US only made the largest corporations (S&P 500) pay the right amount of tax, all your personal taxes could be cut. There are too many companies registered offshore. This would kill the stock market of course.
Be thankful you don’t pay what I do in Canada. It makes me want to puke.

If the US government made the largest corporations pay more taxes, US citizens would pay for it with higher prizes, or where do you think the money the companies use does come from…

First, no one has pricing power. No one! Prices will not be going up for anything…or almost anything. Second, the fucking accounting shenanigans companies are still getting away with is crazy. Companies are being run to make management rich. I am not left wing bitches, I make my living investing other peoples money. The negative of simply enforcing the current accounting rules would be lower corporate profits for shitty companies which most people own in their portfolios.

If you really made your money investing other people’s money - you would know how inane your comments are.

For starters. All prices will go up if there is a punitive corporate income tax.

Secondly - ANYONE that invests money kinows that the only job of the corporation is to maximize shareholder earnings - not management’s.

Idiots.
Ahahahahahahahahahahahahahahahahahaha!

[/quote]

And you prove my point.

Name a corporation that is set up to make “management” rich. Just one - before you lapse into another siezure.

The CEOs are all well paid, if they aren’t they find a way. And if you happen to be in a union, you are in their way.

Companies are out to kill unions. And I know many of you don’t want to hear this,
But here it is:

Corporations like the alien situation. It creates cheap labor

They are going out of their way to make it easy to break their pension obligations.

They have made sure the minimum wage has not increased in over 10 years.

[quote]rainjack wrote:

80% of all jobs in the US are provided by small businesses, or self-employment.

You say Corporate America is running this country is laughable.

You don’t think Halliburton is somewhat responsible for our Iraq ideas.
come on Rainjack.

It is SO obvious.

[/quote]

[quote]rainjack wrote:

And you prove my point.

Name a corporation that is set up to make “management” rich. Just one - before you lapse into another siezure. [/quote]

Enron, Global Crossing, Goldman Sachs, Tyco

shall I continue.

[quote]Skystud wrote:
rainjack wrote:

And you prove my point.

Name a corporation that is set up to make “management” rich. Just one - before you lapse into another siezure.

Enron, Global Crossing, Goldman Sachs, Tyco

shall I continue.[/quote]

Try naming one that hasn’t been convicted of securities fraud. I knew the Enrons would come up as most of the anti-business folks are too fucking lazy to do any real work.

And you prove my point once again.

That is what this post is trying to tell you. Most of the people doing the work are the ones who are anti-business. HA ha.

Rainjack, I could go on for quite a while on how management enriches itself. Look at Caterpillar in the early 90s or UAL corp
I saw American Airlines CEO ask his employees for a paycut and then award his managment team bonuses. The airline was so mad at him he had to resign. Where have you been?
I know, listening to Rush Limbaugh.
http://www.usatoday.com/travel/news/2003/2003-04-25-aa-cover.htm

how did Sarbanes-oxley come about? It came into existence because management was lying and cooking the books.

I rest my case.

Here’s another. Computer Associates
http://news.com.com/Former+CA+chief+Kumar+pleads+guilty+to+fraud/2100-1014_3-6064516.html

Here’s another one. If all these companies got caught, how many do you think didn’t

You see if there earnings go up, they get bonuses and their stock options shoot up. Everybody knows it.

[quote]rainjack wrote:
Skystud wrote:
rainjack wrote:

And you prove my point.

Name a corporation that is set up to make “management” rich. Just one - before you lapse into another siezure.

Enron, Global Crossing, Goldman Sachs, Tyco

shall I continue.

Try naming one that hasn’t been convicted of securities fraud. I knew the Enrons would come up as most of the anti-business folks are too fucking lazy to do any real work.

And you prove my point once again. [/quote]

Rainjack, you are truely ignorant. Just a complete fuck up. So dumb I won’t even look at his post again because your complete stupidity makes me want to puke. The Austrian guy is just as fucked.

You are a complete joke. You cherry pick the bad ones and attempt to indict the entire corporate world.

If it weren’t for business - there would be no jobs for the lazy brainless slugs that think they are owed a living simply because they have a union card.

Thank God there are those out there that are not of your ilk that go out, take risks, make money and hire people.

Like it or not - you need American businesses. You would not be driving a car, typing your drivel on a computer, or wearing clothes without it. And before you say that all of those come from foreign companies - unless you are going there yourself and buying them from the source - you are every bit the hypocrit.

Sad that you are so dependent on that which you hate so badly.

Unions have outlived their usefulness, and are now nothing more than a drain on the economy.

But please - continue with your little links. My SEP is flying high on the back of evil corporations. As they say - money talks and bullshit walks.

[quote]summa wrote:
Rainjack, you are truely ignorant. Just a complete fuck up. So dumb I won’t even look at his post again because your complete stupidity makes me want to puke. The Austrian guy is just as fucked.
[/quote]

If you are the one handing out the ignorant tags - I’ll just have to consider the source. You have not presented a real fact since you began here.

Your assertions are the very definition of stupidity.

But please - keep up with the empty name calling. I would like to know who would be stupid enough to hire someone of your demonstrated inabilities to manage anything - much less OPM.

Life is nothing but a competition to be the criminal rather than the victim.

Bertrand Russel

Uh, rainjack. I couldn’t help but notice you are an accountant.

How can you not know what I’m talking about?

I don’t work for an American company, idiot