163 replies to this topic

[TimG]

Thought this was relevant:

http://www.china.org.cn/china/2011-11/03/content_23806814.htm

Seems to me the movement of the world's wealthy to the US is going to have the effect of increasing the size of this 1%.

What this statistic also illustrates is trying make the 1% 'pay their share' may not actually generate much revenue since they have the ability to structure their finances to protect them from the taxman.

http://www.thedaily.com/page/2011/10/13/101311-opinions-column-millionaire-tax-dalmia-1-2/

Millionaires have a mysterious way of vanishing from states that institute such taxes. Maryland imposed a millionaire tax in 2008; a year later, a third of its millionaires disappeared from its tax rolls. After Oregon raised income taxes on the richest 2 percent of its residents in 2009, about one-quarter of rich filers went missing.

Edited by TimG, 09 November 2011 - 03:42 PM.

[jacee]

Thought this was relevant:

http://www.china.org.cn/china/2011-11/03/content_23806814.htm

Seems to me the movement of the world's wealthy to the US is going to have the effect of increasing the size of this 1%.

What this statistic also illustrates is trying make the 1% 'pay their share' may not actually generate much revenue since they have the ability to structure their finances to protect them from the taxman.

http://www.thedaily.com/page/2011/10/13/101311-opinions-column-millionaire-tax-dalmia-1-2/

Read further ... a national tax would address that.

Auditing those whose income suspiciously drops would help too!

[blueblood]

Read further ... a national tax would address that.

Auditing those whose income suspiciously drops would help too!

Great, more tax and more red tape. What a brilliant idea, no wonder you were foreclosed on.

[jacee]

Great, more tax and more red tape. What a brilliant idea,

It give me great pleasure to say this ...

SUCKS TO BE A 1%'r, eh?

[blueblood]

It give me great pleasure to say this ...

SUCKS TO BE A 1%'r, eh?

It will suck for you guys if we take our ball and go home, ask Chavez.

[Shady]

The 1% is international not American or Canadian.

Did you know that if you make more than $45,000 dollars per year, you're part of the world's top 1%?

[bush_cheney2004]

Did you know that if you make more than $45,000 dollars per year, you're part of the world's top 1%?

Hey, I like that. Time to get some T-shirts printed up. I've been part of the world's top 1% for a long time and didn't even know it.

[Shady]

Hey, I like that. Time to get some T-shirts printed up. I've been part of the world's top 1% for a long time and didn't even know it.

Yep. Jacee probably has too. Isn't ignorance bliss?

[TimG]

Read further ... a national tax would address that.

A bit in the short term. Over time you would see the number of people in those income categories drop as people make choices that reduce the taxable compensation that they would see. This means the tax will inevitability bring in a lot less revenue that than the 'soak the rich' crowd believes.

Auditing those whose income suspiciously drops would help too!

That is another leftie myth. The top 1% is changing constantly. More than 60% of the people in the top 1% in 1996 had dropped out by 2005.

http://www.treasury.gov/resource-center/tax-policy/Documents/incomemobilitystudy03-08revise.pdf

Edited by TimG, 09 November 2011 - 05:17 PM.

[Shady]

That is another loonie left myth. The top 1% is changing constantly. More than 60% of the people in the top 1% in had dropped out by 2005.

http://www.treasury.gov/resource-center/tax-policy/Documents/incomemobilitystudy03-08revise.pdf

Exacty. 80% of millionaires are first generation.

[jacee]

It will suck for you guys if we take our ball and go home, ask Chavez.

Last time US oil corp thugs threatened the border from Columbia, Chavez called in Russian warships ...

Venuzuela owns its oil.
Canada should too.
And I'm leaning towards building refineries and employing Canadians and doing it by ourselves ...

Maybe collectively ...

Edited by jacee, 09 November 2011 - 05:31 PM.

[Topaz]

Let's look at this another way, IF Europe goes belly up, then the US and then Canada will follow and all those millionaires and billionaires have further to fall, but the people at the bottom will know how to survive because they do it everyday! I can't imagine the rich eating canned tuna or kraft mac and cheese!

[GostHacked]

Great, more tax and more red tape. What a brilliant idea, no wonder you were foreclosed on.

I recall you having some issues with 'the man' some time back. If I recall correctly you are a farmer correct?

[olp1fan]

This is just class warfare

life is supposed to be hard

[olp1fan]

I can't imagine the rich eating canned tuna or kraft mac and cheese!

A lot of rich people weren't always rich ya know... I don't see why they wouldn't eat Tuna if they had to