9 Things The Rich Don't Want You To Know About Taxes

As our "representatives" continue to "work on the defecit," and as they defend not raising taxes on the rich, keep these things in mind.

wweek.com...

I am so tired of finding out things like this and feeling helpless to effect any change or even have my voice heard.

I've been whatching this on ATS and with the people I know, for a while.
I don't mean to detract from the article posted as it has actual facts and is worth reading.

But.

What is a 'rich?'
I mean corporations a sucking the blood out of this country.
That I get.
But what is a 'rich?'
Are we sure that we are not being played against the very individuals,
the very people with flesh and blood hearts who may have sympathy for us,
to the advantage of corporations that are made up of paperwork and
laws that forbid them to do anything but reap profits?

Seriously. What is a 'rich?'


David Grouchy

Informative article, I appreciate the post. To the above poster, why derail the spirit of the thread? This is just straight information. Im fairly sure you could answer your own question by paying attention to whatever region you live in. Arguing over silly semantics takes us nowhere.

Originally posted by Shadowfoot
Arguing over silly semantics [color=gold]takes us nowhere.

Possibly.

But I ask you,
where is all this hatred of the rich [color=gold]taking us?

And it's not silly semantics
if it's a corporate sponsored trick to get us
to destroy that last remaining citizens who could pose a threat to corporate power.

/In the spirit of the thread.

I too am fed up.
The injustice, all the money going to the top, no end in sight.
I feel anger, even rage sometimes.

/end

But I will not allow someone else to define the targets of that emotion for me.
So instead of using the word 'silly' in a dismissive way,
answer the gorram question.

WHAT IS A RICH?
Can you hear me now?


David Grouchy

Seems to me its the said rich who control these corporations. Ive always been of the belief if you make over a million a year your pretty rich in my opinion.

Ten Golden Tax Deductions


Here,
look at this.
Most of these
are for corporations only.

Poor poor human citizens of the US.
I guess we'll just be left out of everything.

Have you ever wondered why every accountant
encourages someone who wants to start a buisness to incorporate?

There used to be four types of ownership in this country.

Sole Proprietorship
Partnership
Corporation
Cooperative

What dirty little secret
about corporate law are they hidding from us
until every other form of buisness is destroyed?

Could it be stuff like 'hostile take overs'
and 'governance laws' that don't apply to Sole Proprietorships?


/sarcasm
Naw.
Can't be.
Let's all just hate on the generic broad brush RICH.
yeah! that'll work.
/sarcasm off


David Grouchy

Originally posted by lokdog
Seems to me its the said rich who control these corporations. Ive always been of the belief if you make over a million a year your pretty rich in my opinion.

Star for you sir.

And the only way that is a bad thing is if either

a) they don't spend the money but hoard it
or
b) they don't spend it on American stuff.

See where I'm going with this?
By generically going against the 'Rich'
somehow corporations themselves get a free pass.
You know, the entities that shipped all the work overseas.


David Grouchy

ONE thing class warfare peddling socialists and corporate oligarchs don't want you to know about taxes is that keeping the tax code complicated plays right into their hands.

There are between 70 and 80 thousand pages of tax codes. There's no fairness in a tax system that complicated for anyone except those who can afford to snake their way through the various loopholes. The answer to the tax issue that I think would satisfy the average American is a SIMPLE tax structure, and a government that is at NO POINT larger than 20% of the total economy.

Edit to add:

You cannot solve these types of problems by eating the rich, and demonizing corporations. All you can do is simplify and makes things fair, not by taxing more, but by making sure taxes are fair and equal across the board. The Constitution has this nagging little thing called EQUAL PROTECTION UNDER THE LAW. Class warfare is not that.

reply to post by davidgrouchy

But what is a 'rich?'

According to a study I recently heard on NPR, people with an average net worth of 3 million dollars stated that they needed to have 7 million dollars in investable assets to feel truly rich.

For someone living in the ghetto, rich means not having to worry about where your next meal will come from or whether or not you will be evicted.

I'm not sure how I would define "rich," I merely used the title of the article as it was.

Not sure having a million is rich, but earning a million a year certainly would get you there.

My point in sharing the article was to simply point out how unfair our current system is. Certainly the (large) corporations aren't paying their share. I don't think that's as true for smaller corporations that don't have an ensemble of attorneys, accountants and lobbyists to help their position.

For the poor Joe that's just keeping his head above water, the burden relative to return is entirely too high. As the article points out, the taxes we pay might not seem so outrageous if we got healthcare and/or secondary education in return.

I know personally, what I pay seems outrageous since a disproportionate share of it is used to fund wars I didn't approve of, pay interest on debt I would never have incurred and to bailout banks and corporations that are selling out this country and its' population on a daily basis.

Originally posted by coyotepoet

For someone living in the ghetto, rich means not having to worry about where your next meal will come from or whether or not you will be evicted.

Now this is pure gold.
How can anyone be against this.
Everyone should be rich by this definition.
We should enable more people to become rich.

I submit to you that the current corprate rulership of America is not enabling that.


David Grouchy

reply to post by davidgrouchy


No need to enable anyone. People are free to venture out on their own.

Come up with an idea or product. Take said idea/product to market.

Work hard at making said idea/product more valuable

Profit.

Get rid of the greeders. All the payoffs of monies given to congress by big corporations and the elite to change laws for them. All the cronies who also fraud the system and do not help the system, but rape it dry. Get rid of the PONZI schemes in banking and our gov't. REVOLUTION to get rid of so many greeders. Revolutionize the greeders, they think we sheeple to be herded and taken advantage of. We let them do this, why?

reply to post by ViperChili


Add to that:

GET AN EDUCATION!

People think that somehow education in this country is hard to come by. It isn't.

Originally posted by ViperChili
reply to post by davidgrouchy

 

No need to enable anyone. People are free to venture out on their own.

Come up with an idea or product. Take said idea/product to market.

Work hard

Profit.

I've heard that before.
But the guy who invented sliced bread died broke.
Otto Rohwedder.

He did everything right.
He developed the technology himself.
He got patents for his new machine.
He invested tons of money.

But no one bought it.

Only after a major corporation could 'own' his patents
was a major marketing campagin started up that made
the saying "As easy as sliced bread" a household phrase.

Inovation in America is dying.
Not because people don't have 10 great ideas a day.
But because people don't trust the system not to steal it from them if they try.


David Grouchy

reply to post by davidgrouchy


Yet the guy who invented the Super Soaker squirt gun is worth tens of millions of dollars for inventing, marketing, and selling his idea.

The guy who invented the Pet Rock became a millionaire 6 months after selling his first rock.

Think about that. The guy became a millionaire many times over by selling people a stupid rock.

Thats called ingenuity.

Later this year I will be launching a new line of hot sauces. Only I know the recipe. If it fails, oh well lesson learned. It's not a full time gig, but simply a hobby that will hopefully turn profitable since my idea is somewhat unique. Point is countless people venture out for themselves every year without the fear of a big bad corporation stealing their idea.

In that case,
I'm behind you 100%.

Here is some stuff by Marketing Guru Seth Godin.
He's funny, accurate, and timely. And I love hot sauce!


David Grouchy

reply to post by davidgrouchy


Ever eaten the hottest peppers on the planet?

The Scorpion Butch T, or the Naga Viper? 50% hotter than the ghost!

Originally posted by projectvxn The Constitution has this nagging little thing called EQUAL PROTECTION UNDER THE LAW. Class warfare is not that.

edit on 14-4-2011 by projectvxn because: (no reason given)

The Constitution applies to individuals, nowhere does it mention bestowing fictitious entities with the rights
of humans beings. Try again

reply to post by Shadowfoot


Why ask for the tread to be derailed, so you can enjoy another bitter rail on the successful in the society? Don't worry, there are enough bitter threads on the site for you to pile on. All of them filled with economic fallacies.

The article you site is nothing but a bunch of liberal half truths tossed into a pile of trash. It does not segment types of income, does not discount for the massively rich, it is disengenuous nonsense.

The those folks who don't pay income taxes do indeed pay payroll taxes - for programs that they pull cash out of, typically far more than they put in. Want to get rid of the payroll tax? Cool - eliminate Social Security and Medicaid. They pay no income tax and fewer and fewer people in this country are paying income tax each year. Every year, more folks are getting into the wagon and fewer people are pulling it.

The wage gap is true. News flash - the economy changed. Just about every job in this society has become more competetive and more technical, especially the skilled trades. If someone sat on their ass and did not prepare themselves for quality employment it is their fault and nobody elses. If someone did not work to ensure that their kids got prepared for the modern workforce, is not my problem and I should not have to pay for their mismanagement of their or their kid's lives. It is like comparing a 1950s football defense against the typical offenses of today - guess what the game changed and that defense just can not handle it anymore.

You're right that through legal loopholes, trusts, etc many of the rich pay little if any taxes. Lets fix that. I'm fine with that and the same goes for corporations.

Your article naturally forgot the massive increase of in-kind subsidies that the poor receive today that they did not receive. Free medical, welfare, free housing, free TV or internet, free utilities, free mass transit passes and the rest of the handouts. They don't count? Of course they count. They count in the same way having use of a corporate condo in Vail for the executive is a part of his compensation.

This entire notion is that the rich are not giving the government something. Wrong. It is about the government not taking enough. What makes you think that you or your government by proxy is entitled to half of what I make? To pay for failing schools that I don't use despite the fact that I have 4 kids? To pay for the roads that are laden with potholes? To pay for the TSA agent who is jamming their hands down my pants? Why do you think you have the right to take it? You think you have the right to take it for one reason - because I have it.

Please stop using this bs notion of "not giving enough" or "giving the rich more" and start being honest. The government is not taking enough. What is a tax break for the rich? The entire phrase is verbal gymnastics. "We need to continue to take as much from the rich as we currently do" is actually honest. Cutting taxes IS NOT increasing spending. It is not giving someone anything. Cutting taxes is taking less of something that was never yours to begin with.

The entire class warfare business is tired, old and serves no legitimate purpose but to stir folks up. Its comical