Kasich eats pizza with a fork.

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Originally posted by: malibber2

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Originally posted by: billryan
It isn't an apples to oranges comparison at all. Everybody has a house(or apple). My neighbor and I have the exact same house(or apple), pay the exact same taxes, but because his income is twice mine, he pays a lower percentage of his income in taxes. We both buy the same car( or orange). We pay the same price. We pay the same sales tax but he pays a smaller percentage of his income for the tax than I did. The wealthy spend less of their income on local taxes than the less wealthy. Its a fact. Your argument that the rich have more discretionary income avoids the fact that the reason they have more is because ,percentage wise, they pay less in taxes.

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The wealthy also pay a less in social security taxes because the tax is capped. Then you get into the folks that earned their money the old fashioned way by inheriting it. Since their income is passive, they don't pay payroll taxes at all.

That is the real con. Working poor and lower middles class folks pay a higher percentage of their income into taxes than the the typical Wal-Mart heir does.

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Originally posted by: forkushV
A middle class guy invests $10,000 and turns it into a $100,000 equity. Good for him. Then he sells it to pay for his kids education, an emergency, or whatever. On his $90,000 gain, he pays $25,000 or so in taxes.

A top one percenter invests $1 million and turns it into a $10 million equity. Good for him. He doesn't need the cash during his lifetime, he dies, and his heirs inherit and sell the equity. But since the capital gains liability gets wiped out, neither the estate nor the heir pay any taxes on the capital gain.

So a middle class family pays $25,000 on a $90,000 capital gain, while a top one percent family pays zero on a $9 million capital gain. That's pure income redistribution and class warfare. The game is rigged.

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Originally posted by: billryan
In NY State, as an example, in 2012 NY State collected roughly 38 billion in Individual State Income Tax. Sales tax and sales assessments raised just over 29 billion and Property taxes came to just under 30 billion. Sales tax is paid to the state, but a good chunk of it is given to the counties and villages. The counties together get more than half the sales tax revenue returned to them, and hardly any part of the Property Tax bill leaves your local county, much of it goes to schools and local government.
I know I pay several times more in property tax than in NY State Income tax. I collect more in Sales Tax for them than I pay in Income Tax.
Different people will have different results. My Aunt pays over $50,000 a year in Property Tax and almost nothing in Income tax.

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Originally posted by: billryan

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Originally posted by: forkushV

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Originally posted by: Roulette Man
...The 8.1% is a combination of sale taxes paid, property taxes, and income taxes....

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Obviously. Is there anyone here stupid enough not to know that sales tax is a state tax? I hope not.

But in most states the top 1% pay a state and local tax rate that is much lower the middle class. Residents of red state counties in states like New York and Washington pay a lot less in taxes than they receive in state benefits.

And who pays for it? The poor and middle class in urban areas and in blue states.

Turns out the top 1% and Republicans like their free shit. And they get it too, don't they?

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Your response to this was "bullshit" and you spent the next two pages saying it was bulshit. Now you admit its true but it doesn't matter anyway. You and boils should go have a beerr. You were made for each other.

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Originally posted by: Roulette Man

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Originally posted by: forkushV

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Originally posted by: Roulette Man
...The 8.1% is a combination of sale taxes paid, property taxes, and income taxes....

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Obviously. Is there anyone here stupid enough not to know that sales tax is a state tax? I hope not.

But in most states the top 1% pay a state and local tax rate that is much lower the middle class. Residents of red state counties in states like New York and Washington pay a lot less in taxes than they receive in state benefits.

And who pays for it? The poor and middle class in urban areas and in blue states.

Turns out the top 1% and Republicans like their free shit. And they get it too, don't they?

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In most states the top 1% pay a state and local tax rate much lower than the middle class? Bullshit.

Your little post got blown to hell using your own link.

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Originally posted by: Roulette Man

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Originally posted by: forkushV
A middle class guy invests $10,000 and turns it into a $100,000 equity. Good for him. Then he sells it to pay for his kids education, an emergency, or whatever. On his $90,000 gain, he pays $25,000 or so in taxes.

A top one percenter invests $1 million and turns it into a $10 million equity. Good for him. He doesn't need the cash during his lifetime, he dies, and his heirs inherit and sell the equity. But since the capital gains liability gets wiped out, neither the estate nor the heir pay any taxes on the capital gain.

So a middle class family pays $25,000 on a $90,000 capital gain, while a top one percent family pays zero on a $9 million capital gain. That's pure income redistribution and class warfare. The game is rigged.

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You are soooo disingenuous. Funny how you fail to mention that 40% estate tax on the stock or the account. If it is tax deferred it gets hit with estate and income taxes.

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Originally posted by: forkushV

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Originally posted by: Roulette Man

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Originally posted by: forkushV
A middle class guy invests $10,000 and turns it into a $100,000 equity. Good for him. Then he sells it to pay for his kids education, an emergency, or whatever. On his $90,000 gain, he pays $25,000 or so in taxes.

A top one percenter invests $1 million and turns it into a $10 million equity. Good for him. He doesn't need the cash during his lifetime, he dies, and his heirs inherit and sell the equity. But since the capital gains liability gets wiped out, neither the estate nor the heir pay any taxes on the capital gain.

So a middle class family pays $25,000 on a $90,000 capital gain, while a top one percent family pays zero on a $9 million capital gain. That's pure income redistribution and class warfare. The game is rigged.

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You are soooo disingenuous. Funny how you fail to mention that 40% estate tax on the stock or the account. If it is tax deferred it gets hit with estate and income taxes.

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For a couple, there is no estate tax on the first $10.5 million. So the inheritance tax on the $10 million asset would be zero, and the taxes on the $9 million capital gain would be zero. Meanwhile, the guy who cashes in his $90,000 stock gain would get socked for $25,000. The game is rigged.

And for those with larger inheritances, there's the Jackie O trust. No one is paying 40% on their estate - no one.

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Originally posted by: forkushV

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Originally posted by: Roulette Man

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Originally posted by: forkushV

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Originally posted by: Roulette Man
...The 8.1% is a combination of sale taxes paid, property taxes, and income taxes....

---

Obviously. Is there anyone here stupid enough not to know that sales tax is a state tax? I hope not.

But in most states the top 1% pay a state and local tax rate that is much lower the middle class. Residents of red state counties in states like New York and Washington pay a lot less in taxes than they receive in state benefits.

And who pays for it? The poor and middle class in urban areas and in blue states.

Turns out the top 1% and Republicans like their free shit. And they get it too, don't they?

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In most states the top 1% pay a state and local tax rate much lower than the middle class? Bullshit.

Your little post got blown to hell using your own link.

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Please see Alabama below. Tomorrow it will be Alaska. At this rate it will only take 50 days to figure out which one of us is right. I can't wait to find out!

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Originally posted by: Roulette Man

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Originally posted by: forkushV

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Originally posted by: Roulette Man
...The 8.1% is a combination of sale taxes paid, property taxes, and income taxes....

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Obviously. Is there anyone here stupid enough not to know that sales tax is a state tax? I hope not.

But in most states the top 1% pay a state and local tax rate that is much lower the middle class. Residents of red state counties in states like New York and Washington pay a lot less in taxes than they receive in state benefits.

And who pays for it? The poor and middle class in urban areas and in blue states.

Turns out the top 1% and Republicans like their free shit. And they get it too, don't they?

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In most states the top 1% pay a state and local tax rate much lower than the middle class? Bullshit.

Your little post got blown to hell using your own link.

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