Kasich eats pizza with a fork.

NY style Neapolitan .
The only kind that matters.
Quote

Originally posted by: EllenMonster
What kind of pizza?

I believe it was fork-ready pizza, which Obama advocated years ago as part of his, ahem, Stimulus Plan.

Quote

Originally posted by: alanleroyII
Quote

Originally posted by: Roulette Man
Quote

Originally posted by: forkushV
Quote

Originally posted by: Roulette Man
Quote

Originally posted by: forkushV
Quote

Originally posted by: Roulette Man
California has a 9.3% tax rate...
Stop right there; the state income tax is not the only tax people pay. And including all state and local taxes, the wealthy in California pay the same rate that the middle class does in Texas.

I guess they should call Texas the "soak the middle class" state.


Hey genius. Texas doesn't have any individual state income taxes.
No shit.

But a family with a $45,000 income will typically pay a total of 8.1% of their income in sales and excise and property taxes. The top 1% in Texas pay 2.9% of their income in total state and local taxes. And neither of those numbers include a non-existent income tax (duh!).




I sure hope you are not a numbers guy. I'd be broke if I ever listened to you. Talk about being totally dense.
For those interested in the Raw numbers here's how they work out from the Texas Details above...

The Lowest 20% Pay $1,075 in Sales Taxes Per Year
The Highest 1% Pay $18,263 in Sales Taxes Per Year
Fair?

The Lowest 20% Pay $475 in Property Taxes Per Year
The Highest 1% Pay $38,352 in Property Taxes Per year
Fair?...
25 middle class families making $76,000 each for a total of $1.9 million pay over 250% more in Texas state and local taxes than a single top-one percenter making $1.9 million. For lower income middle class families it's even worse.

If you hate the middle class I can see supporting this kind of tax policy. Otherwise I don't get it. It's class warfare.
Quote

Originally posted by: forkushV
Quote

Originally posted by: alanleroyII
Quote

Originally posted by: Roulette Man
Quote

Originally posted by: forkushV
Quote

Originally posted by: Roulette Man
Quote

Originally posted by: forkushV
Quote

Originally posted by: Roulette Man
California has a 9.3% tax rate...
Stop right there; the state income tax is not the only tax people pay. And including all state and local taxes, the wealthy in California pay the same rate that the middle class does in Texas.

I guess they should call Texas the "soak the middle class" state.


Hey genius. Texas doesn't have any individual state income taxes.
No shit.

But a family with a $45,000 income will typically pay a total of 8.1% of their income in sales and excise and property taxes. The top 1% in Texas pay 2.9% of their income in total state and local taxes. And neither of those numbers include a non-existent income tax (duh!).




I sure hope you are not a numbers guy. I'd be broke if I ever listened to you. Talk about being totally dense.
For those interested in the Raw numbers here's how they work out from the Texas Details above...

The Lowest 20% Pay $1,075 in Sales Taxes Per Year
The Highest 1% Pay $18,263 in Sales Taxes Per Year
Fair?

The Lowest 20% Pay $475 in Property Taxes Per Year
The Highest 1% Pay $38,352 in Property Taxes Per year
Fair?...
25 middle class families making $76,000 each for a total of $1.9 million pay over 250% more in Texas state and local taxes than a single top-one percenter making $1.9 million. For lower income middle class families it's even worse.

If you hate the middle class I can see supporting this kind of tax policy. Otherwise I don't get it. It's class warfare.
I gave you my solution. Cut the size of government so it can be supported by the current income tax. Then our taxes are fair for everyone.....Right? Of course states like Nevada will have to get with the program.


Forkie was nice enough to confirm Mr. Rich pays 10 times as many dollars in taxes as an entire family earning $76,000.


Quote

Originally posted by: forkushV
Quote

Originally posted by: alanleroyII
Quote

Originally posted by: Roulette Man
Quote

Originally posted by: forkushV
Quote

Originally posted by: Roulette Man
Quote

Originally posted by: forkushV
Quote

Originally posted by: Roulette Man
California has a 9.3% tax rate...
Stop right there; the state income tax is not the only tax people pay. And including all state and local taxes, the wealthy in California pay the same rate that the middle class does in Texas.

I guess they should call Texas the "soak the middle class" state.


Hey genius. Texas doesn't have any individual state income taxes.
No shit.

But a family with a $45,000 income will typically pay a total of 8.1% of their income in sales and excise and property taxes. The top 1% in Texas pay 2.9% of their income in total state and local taxes. And neither of those numbers include a non-existent income tax (duh!).




I sure hope you are not a numbers guy. I'd be broke if I ever listened to you. Talk about being totally dense.
For those interested in the Raw numbers here's how they work out from the Texas Details above...

The Lowest 20% Pay $1,075 in Sales Taxes Per Year
The Highest 1% Pay $18,263 in Sales Taxes Per Year
Fair?

The Lowest 20% Pay $475 in Property Taxes Per Year
The Highest 1% Pay $38,352 in Property Taxes Per year
Fair?...
25 middle class families making $76,000 each for a total of $1.9 million pay over 250% more in Texas state and local taxes than a single top-one percenter making $1.9 million. For lower income middle class families it's even worse.

If you hate the middle class I can see supporting this kind of tax policy. Otherwise I don't get it. It's class warfare.


It would be interesting to see how much in govt benefits the bottom 20% are receiving in terms of medicaid, welfare, food stamps, free education etc. I bet it far outweighs what they are paying in taxes. Conversely the top 1% are probably receiving a fraction of what they pay in taxes.
Quote

Originally posted by: Boilerman
Forkie was nice enough to confirm Mr. Rich pays 10 times as many dollars in taxes as an entire family earning $76,000.
So you're saying that people who make more money..........make more money.

Did you figure that out all by yourself?
Boiler learned while reading Forkies post those who work hard and earn more money, pay more taxes. I will never understand why a guy who works twice as hard as another guy is expected to pay more taxes. Penalizing the hard worker seems counter intuitive.


Quote

Originally posted by: forkushV
Quote

Originally posted by: Boilerman
Forkie was nice enough to confirm Mr. Rich pays 10 times as many dollars in taxes as an entire family earning $76,000.
So you're saying that people who make more money..........make more money.

Did you figure that out all by yourself?


Interesting analysis

A new study shows that the ranks of people earning $1 million or more are highly variable from year to year. That implies that millionaires aren’t quite the monolithic class that some political rhetoric might suggest.

In fact, from 1999 to 2007, about 50% of people who earned $1 million or more in any given year only managed to achieve the feat once, according to the research by the nonpartisan Tax Foundation. Another 15% did it twice.

Just 6% filed in all nine years with incomes more than $1 million. Millionaires often generate their income through one-time sales of small businesses, or other appreciated asse
That makes sense, unlike the way we use the term millionaire. In the forties thru the sixties, having a million dollars in assets really stood you past from the pack.
I remember asking my Mother if her sister was a millionaire. She lived in a $50,000 house, drove a new car, and had two telephones.,back in 1965. I was assured she wasn't.
Yet when she died in 2014, she left an estate worth over 2.3 million, the minimum for NY Estate Tax.
Today, almost everyone with a paid off house is a millionaire. The cache is gone.
Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now