Lol buddy.  I'm fully vested but it will be more than two decades before I collect.  So am I "in" the program or not?

I'll be surprised if SS and Medicare aren't seriously harmed by the far right in order to allow the rich to loot the treasury again and because Republicans have wanted to destroy these programs for decades. Those of us who have paid into the programs for a full career but aren't old enough yet to collect will likely be significantly affected.

It's the fault of Republican voters. They did this.

Can you explain to me how the rich have looted the treasury?  The top 10% of all earners in this country are paying 60% of all federal taxes, and 76% of all income taxes.  The top 1% pay 40% of the income taxes.  The bottom 50% pay 10% of the taxes.  So how are the rich looting the treasury?  

?Tax Basics in Five Charts | Cato at Liberty Blog

---

I'll be surprised if SS and Medicare aren't seriously harmed by the far right in order to allow the rich to loot the treasury again and because Republicans have wanted to destroy these programs for decades. Those of us who have paid into the programs for a full career but aren't old enough yet to collect will likely be significantly affected.

It's the fault of Republican voters. They did this.

Can you explain to me how the rich have looted the treasury?  The top 10% of all earners in this country are paying 60% of all federal taxes, and 76% of all income taxes.  The top 1% pay 40% of the income taxes.  The bottom 50% pay 10% of the taxes.  So how are the rich looting the treasury?  

?Tax Basics in Five Charts | Cato at Liberty Blog

No. You'll have to figure it out for yourself.

---

Can you explain to me how the rich have looted the treasury?  The top 10% of all earners in this country are paying 60% of all federal taxes, and 76% of all income taxes.  The top 1% pay 40% of the income taxes.  The bottom 50% pay 10% of the taxes.  So how are the rich looting the treasury?  

?Tax Basics in Five Charts | Cato at Liberty Blog

No. You'll have to figure it out for yourself.

That is because it is BS.

---

A new broom always sweeps clean.

No. You'll have to figure it out for yourself.

That is because it is BS.

That’s because the dude is just the troll he accuses everyone else to be.

---

What in the Wide Wide World of Sports is agoin' on here???

No. You'll have to figure it out for yourself.

That is because it is BS.

One million seconds is 11 days. One billion seconds is 31 years. There are plenty of dupes to go around.

---

That is because it is BS.

That’s because the dude is just the troll he accuses everyone else to be.

The top 10% has 95% of the wealth in the country. Shouldn't they be paying 95% of the taxes?

---

That is because it is BS.

One million seconds is 11 days. One billion seconds is 31 years. There are plenty of dupes to go around.

---

That’s because the dude is just the troll he accuses everyone else to be.

The top 10% has 95% of the wealth in the country. Shouldn't they be paying 95% of the taxes?

We don't tax wealth.  We tax income.  And for very good reason.  Wealth is an estimate, and taxing wealth would lead to endless arguments and court cases.  Income is measurable.  So it is much easier to tax.  

Also, the top 10% does not have 95% of the wealth.

---

One million seconds is 11 days. One billion seconds is 31 years. There are plenty of dupes to go around.

---

The top 10% has 95% of the wealth in the country. Shouldn't they be paying 95% of the taxes?

We don't tax wealth.  We tax income.  And for very good reason.  Wealth is an estimate, and taxing wealth would lead to endless arguments and court cases.  Income is measurable.  So it is much easier to tax.  

Also, the top 10% does not have 95% of the wealth.

A more telling figure is the percentage of overall income the rich and poor pay in overall taxes.

You should look at that.

---

We don't tax wealth.  We tax income.  And for very good reason.  Wealth is an estimate, and taxing wealth would lead to endless arguments and court cases.  Income is measurable.  So it is much easier to tax.  

Also, the top 10% does not have 95% of the wealth.

A more telling figure is the percentage of overall income the rich and poor pay in overall taxes.

You should look at that.

It's the rich people that buy the big ticket items that keep people employed....... someone has to produce those items they want so...... Quit yer [BLEEP] about the rich........

---

One million seconds is 11 days. One billion seconds is 31 years. There are plenty of dupes to go around.

---

The top 10% has 95% of the wealth in the country. Shouldn't they be paying 95% of the taxes?

We don't tax wealth.  We tax income.  And for very good reason.  Wealth is an estimate, and taxing wealth would lead to endless arguments and court cases.  Income is measurable.  So it is much easier to tax.  

Also, the top 10% does not have 95% of the wealth.

And not quite, they are moving in that direction. I just looked and it is closer to 60% while the top 0.01% is at 14% while the bottom 50% has 3% of the total wealth..

These numbers are meaningless by themselves.
If you want make valid comparisons, you need to also consider how much of the overall income each group receives, and how much of the overall wealth they own. It is absurd to imply that the wealthy are somehow getting screwed over.

---

I'm with tdoss on this one. You guys are wondering where the wealth is going, and you blame the government... where are they sending the money?

---

We don't tax wealth.  We tax income.  And for very good reason.  Wealth is an estimate, and taxing wealth would lead to endless arguments and court cases.  Income is measurable.  So it is much easier to tax.  

Also, the top 10% does not have 95% of the wealth.

A more telling figure is the percentage of overall income the rich and poor pay in overall taxes.

You should look at that.

You should have led with that. 
You're right by the way. 
Middle class people pay a higher percentage of their income to taxes than wealthy people do. A newly high income person like a football player will pay a much higher percentage of their income in taxes, but when somebody has been wealthy for a while, they usually figure out accounting tricks that allow them to greatly reduce their taxable income

---

My fellow southpaw Mark Brunell will probably always be my favorite Jaguar.

A more telling figure is the percentage of overall income the rich and poor pay in overall taxes.

You should look at that.

You should have led with that. 
He's right by the way. 
Middle class people pay a higher percentage of their income to taxes than wealthy people do. A newly high income person like a football player will pay a much higher percentage of their income in taxes, but when somebody has been wealthy for a while, they usually figure out accounting tricks that allow them to greatly reduce their taxable income

Can you show me how that is true?  Are you using unrealized capital gains when you make that statement?  And what accounting tricks do rich people use to greatly reduce their taxable income?

---

You should have led with that. 
He's right by the way. 
Middle class people pay a higher percentage of their income to taxes than wealthy people do. A newly high income person like a football player will pay a much higher percentage of their income in taxes, but when somebody has been wealthy for a while, they usually figure out accounting tricks that allow them to greatly reduce their taxable income

Can you show me how that is true?  Are you using unrealized capital gains when you make that statement?  And what accounting tricks do rich people use to greatly reduce their taxable income?

Not unrealized.
I'm talking about long term capital gains, depreciation, paper losses, and other tricks.

---

My fellow southpaw Mark Brunell will probably always be my favorite Jaguar.

Can you show me how that is true?  Are you using unrealized capital gains when you make that statement?  And what accounting tricks do rich people use to greatly reduce their taxable income?

Not unrealized.
I'm talking about long term capital gains, depreciation, paper losses, and other tricks.

Can you show us the math or cite the sections?  Is this real or opinion? Actually interested.

---

A new broom always sweeps clean.

Not unrealized.
I'm talking about long term capital gains, depreciation, paper losses, and other tricks.

Can you show us the math or cite the sections?  Is this real or opinion? Actually interested.

A couple decades ago, Warren Buffett wrote an op-ed on how his secretary pays a higher percentage of her income in taxes than him. 
Most of the tricks Buffett described are still on the tax code today.

---

My fellow southpaw Mark Brunell will probably always be my favorite Jaguar.

You should have led with that. 
He's right by the way. 
Middle class people pay a higher percentage of their income to taxes than wealthy people do. A newly high income person like a football player will pay a much higher percentage of their income in taxes, but when somebody has been wealthy for a while, they usually figure out accounting tricks that allow them to greatly reduce their taxable income

Can you show me how that is true?  Are you using unrealized capital gains when you make that statement?  And what accounting tricks do rich people use to greatly reduce their taxable income?

Economics 101.

Wealth can be taxed, and there's plenty of good reasons to.

Also, the top 10% does not have 95% of the wealth.

They own 70% of the wealth, and 93% of the stocks.

---

Can you show us the math or cite the sections?  Is this real or opinion? Actually interested.

A couple decades ago, Warren Buffett wrote an op-ed on how his secretary pays a higher percentage of her income in taxes than him. 
Most of the tricks Buffett described are still on the tax code today.

Marty has fallen for some basic mistakes.

Inequality is at record levels and increasing every year for decades. The rich have had $50 trillion more redistributed to them by Republican policies. 

Three people have more wealth than half the country. Elon Musk has seen an increase in his wealth of $170 billion more just since the election. He was worth $74 billion around 2012, over $400 billion today. Oligarchy if the country's #1 problem IMO. Taxes? I'll pay 100% of your taxes if you give me your income.

---

Can you show me how that is true?  Are you using unrealized capital gains when you make that statement?  And what accounting tricks do rich people use to greatly reduce their taxable income?

Economics 101.

Wealth can be taxed, and there's plenty of good reasons to.

Also, the top 10% does not have 95% of the wealth.

They own 70% of the wealth, and 93% of the stocks.

There are many components that can make up a person's wealth.  Many of them are very hard to measure accurately.  How would you measure the value of a unique work or art, or a small business, for example?  Taxing wealth would mean the government would have to hire tens of thousands of appraisers, and tens of thousands of lawyers, because rich people would hire their own appraisers, and fight the appraisals in court.  

The fact is "wealth" or "net worth" is an estimate.  It's a wild guess.  No one really knows what things are worth unless they get sold.  The very best way to determine the value of something is to put it on the open market and see what people are willing to pay for it.  That's why we tax income and not wealth.  Income is readily measurable.  

Think of how many arguments and court cases we already have over what is income and what is expense, and these things are measurable.  Think of how many arguments and court cases we will have when we send appraisers to guess at people's net worth, and the rich go to court about it.

Why a Wealth Tax Would Be Terrible for American Taxpayers | Kiplinger

A wealth tax has all the existing bad features of the current income tax — complex, expensive to administer, costly to comply with, subject to manipulation and avoidance by those with the most resources and badly distorting of economic activity and capital formation.

But it’s much worse. And here’s why, practically speaking.

First, a wealth tax violates the long-standing American principle that we’re allowed to build wealth and grow the value of assets and that we don’t pay taxes on that growth until we dispose of the asset. In effect, a wealth tax imposes what can be thought of as a third level of taxation — after income tax and capital gains tax — on the most productive drivers of the U.S. economy.

Second, no matter how it’s positioned, a wealth tax is not based on objective facts. It’s subjective, because wealth must be appraised, and appraisals are opinions. Marketable securities are easy to mark to market. But how about stock in private companies? How about large real estate holdings? How about a stamp collection? How about a franchise contract?

A large proportion of tax court cases come about because of disputes over what the IRS thinks an asset is worth and what the taxpayer says it’s worth. Can you imagine the chaos when every asset of every wealthy taxpayer has to be annually evaluated and assessed?

---

Today on When Mods Troll

I miss the Bush supporters... they could argue and bring their own facts to the table every now and again. Trump supporters just seem to be a bunch of parrots.

Notice how Florida God Sports posts one thing and then when he is presented with a challenge about his statement he never replies. He isnt a serious poster, he is clearly a troll.

Notice how when DOOFY is confronted with facts he cries, "Not those facts, they destroy my infantile arguments and special needs intellect"

---

“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Economics 101.

Wealth can be taxed, and there's plenty of good reasons to.




They own 70% of the wealth, and 93% of the stocks.

 Taxing wealth would mean the government would have to hire tens of thousands of appraisers, and tens of thousands of lawyers, because rich people would hire their own appraisers, and fight the appraisals in court.  

No, it doesn't. Ask Norway, Spain, France, Italy, and other countries with wealth taxes.

---

 Taxing wealth would mean the government would have to hire tens of thousands of appraisers, and tens of thousands of lawyers, because rich people would hire their own appraisers, and fight the appraisals in court.  

No, it doesn't. Ask Norway, Spain, France, Italy, and other countries with wealth taxes.

No, we're not going to our inferiors and dependants for policy advice.

---

“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato