Angry young men...

Yep, nothing unusual there. Amazing isn't it? If I owed 10K they'd be putting a padlock on my door. Ain't life grand.

Why do you have this concept that because someone makes more, the government should take more? If someone works harder, and makes more money for their efforts, why should someone steal that money from them? For example, my sister works very hard in her job, and when she gets a bonus based upon her increase in sales, it bumps her income into the next tax bracket, and then 90% of the bonus she worked so hard for goes to pay the tax difference. Is that FAIR? You should not be penalized for making more money than the next person.

If his secretary only paid a few thousand in sales tax, how on earth is she in the highest tax bracket at 36%. That statement is contradictary, false, and not valid based upon facts. She would have to make $379,150.00 a year or more to pay 35% of her income in taxes according to the IRS.

Everyone should pay the same percentage, period. What's fair is fair. Just like sales tax. Regardless of your income, everyone should just pay a flat tax of say 15%, no write offs, no BS, pure and simple......

BTW, the Government does not create jobs, a government cannot create jobs. They do not make anything and they do not produce anything, they do not do anything that contributes to the GDP. However, by taxing (taking money out of the economy), they do reduce the amount of jobs. Only the private sector can create jobs, and until they feel confident in the direction of the government, they won't feel confident going out on a limb and hiring people.

For a person in that position, and including all income sources I'd say that's probably about right. So why isn't Mr. Buffet in the same bracket?

Exactly the point. I was sure you'd get it eventually. There's nothing wrong with enjoying the fruits of your labor and being paid what you're worth (or more). Pay your fair share, that's all. Mr. Buffet should pay the same % of his income as everybody else. If the top earners did that we would have way less problem with our economies.

How can she be "paying a few thousand a year" and be in the 35% tax bracket? 35% of $379,150 per year would be $136,494.00, that sounds like a lot more than "a few thousand per year"

He's paying more than his fair share as the average income tax rate is 26.5% if you look at the IRS tax brackets. Why do you ALWAYS go after the rich that are legally paying their fair share of taxes and NEVER mention collecting taxes from the 57% that don't pay ANY taxes??????????? Wouldn't that be fair to go after the people NOT paying their taxes?

Let me put economics in a simple form for you to understand:

Let's say you Captain a yacht for a Canadian owner for a day for $400, you have created $400 in this economy from another economy (Canada), you then pay your lawn guy $50, you take your wife out for a $100 dinner in which the restaurant took $30 in food and created $70 in profit, you then stay at a hotel for $100, and then buy trinkets with the remaining $150. You have created jobs in this economy with that $400 from another economy. Someone cutting your lawn, a cook/waittress/busboy, a cleaning lady at the hotel and front desk person, etc.

When the US government takes $20,000 from you in income taxes and then they pay a government employee with your $20,000, they have not created a job, they have just moved money from you to someone else. Whereas is you had that $20,000 to spend it would still be the same thing. It's still $20,000 in the same economy. A Government does not produce anything, so therefore it cannot create anything. It's just moving money from you the taxpayer to someone else, whereas if the taxpayer had the money, they might produce something with that money such as start a factory and hire the same employee paying them the same amount, and take that $20,000 and turn it into $50,000 or $100,000 in the same economy. Then they'd also be buying raw materials from another company employing people, and spending the profit at other businesses.

Cap, what are you arguing about? I agreed with you. Everybody should pay the same % of their income. No more/No less. Whether the government needs 15% across the board, 25% or 50%. Whatever it is. If we all paid the same % of our income you're absolutely right. That would be fair. Get rid of all the deductions and loopholes for everybody including the corporations and the poor guy. Fair is all that is asked.

Of course they would. That's what politicians do. Doesn't matter what the party. That's why I'd love all presidents to have a line item veto and a requirement for a balanced budget, just like we all do in our own homes. It would greatly decrease government waste, but that's a completely different topic. Once again, I'm not saying the rich should be taxed at 90% nor the poor 5% or any such thing. I agree with CaptJ. If I pay 25% of my income in taxes, you should pay 25% of your income and so should he. The rich would stay rich and the poor would stay poor, but it would be more fair.

Here you go Airship

http://www.usgovernmentrevenue.com/

Wow, do you two have way too much time on your hands. And you haven't even figured out how utterly meaningless any of those numbers actually are since they are fudged and manipulated by everyone to serve their own agendas. Is somebody here running for treasury secretary or something, or just a position with a political party (in France or the U.S.). (and please save the snide remarks that I know you're both thinking.) Yawn. I'm unsubscribing from this thread.

It took less than 2 minutes to look it up. You can lookup anything you might possibly want to know in less than 2 minutes on google.

Everything to do with the economy and your nation directly or indirectly effects you, so why not lookup facts before making uninformed decisions.