Discussion Forums > Politics
Democrats want to separate the rich, from the very rich.
flaresignal:
--- Quote from: mgz on July 24, 2009, 12:30:56 PM ---the biggest argument for massive taxing of the right =if i make 80k a year and get taxed 245k a year and get taxed 40% but make 275k a year and get taxed 50% i now make less money then i did when i was making 30k less.
--- End quote ---
These are marginal tax rates. This scenario can't happen unless one of the marginal rates is higher than 100%.
relic2279:
Yeah I don't think many people understand how taxes work (marginal)....
Say you make 100k, say there is a bracket at 10k, 50k and 100k
All the money you make till you've made 10k is not taxed (or taxed at a base level rate). Soon as you hit 10k, all the money you make afterwards till you hit 50k is taxed at the 10k rate, say you are doing well later in the year and you break 100k, and all that money, 50k worth, is taxed at the 50k rate. It's not cumulative.
(Probably bad example, I link below showing it better then I can explain it)
That's how you are taxed in the US. It's not retroactive.
Those people throwing tea-parties make me laugh. They're all complete morons. if you watch the youtube interviews. None of them know how taxes actually work or even know what they are protesting.
http://www.fool.com/personal-finance/taxes/2007/03/02/your-tax-rate-marginal-vs-effective.aspx
mrjpark:
And thus, my position still stands. TAX THOSE RICH BASTARDS AND THEIR TEA/STAMPS!
sapiens:
--- Quote from: vicious796 on July 20, 2009, 01:57:37 AM ---You can also trace bread back to before it came packaged sliced, does that mean the slicer is useless?
I think not.
I've always stated:
legalize pot and prostitution and tax the shit out of it and watch the deficit go away
--- End quote ---
Weren't you against doing this for cigarettes? So what gives?
vicious796:
--- Quote from: sapiens on July 28, 2009, 08:52:12 PM ---
--- Quote from: vicious796 on July 20, 2009, 01:57:37 AM ---You can also trace bread back to before it came packaged sliced, does that mean the slicer is useless?
I think not.
I've always stated:
legalize pot and prostitution and tax the shit out of it and watch the deficit go away
--- End quote ---
Weren't you against doing this for cigarettes? So what gives?
--- End quote ---
Cigarettes are taxed, have been taxed, and will continue to be taxed. I'm against the constant tax increase (they've raised cig taxes like 5 times in the last 3 years) against a minority that has no[/b] real representation in Congress. The people in this industry are required to advertise against themselves and, despite that, have been given up to the government to control. It's ridiculous.
Now, pot and prostitution are currently illegal. However, I'd guess at least 35% of the nation smokes pot illegally right now. I would like to include "medicinal" weed in there also because that's total BS. Buddy of mine in California went to his "doctor" complaining about shoulder pain from when he played sports years and years ago and is now allowed to have and maintain 6 plants in his house legally. How stupid.
Another friend of mine was in a similar situation, got arrested for DUI (alcohol), and went to pick up the plant he had in his car after his release from the drunk tank from the police officers who confiscated it.
So we have the entire state of California "legally" smoking pot but I'd still put them in the "illegal" category.
If you were to make pot legal - today - I'd like to say over half the nation would go out and buy a bag, if for no other reason than to say they did. Slap a ridiculous 10-20% luxury tax on it and people will still pay for it.
Prostitution is also something that is done illegally right now, why not tap into the market? If nothing else you can make prostitution safer for the hookers and the clients by putting in regulation to businessmen/women instead of pimps and old asian men who own "massage parlors" in Jersey. Mandatory STD tests for the hookers and safe sex practices are required. There is so much you can do to make this illegal act "safer" than it currently is.
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