Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Why Not Tax The Rich ???

Posted on 12/08/2012 6:55:13 PM PST by Vinylly

From what I read, most of the very rich are liberal d'RAT's. Most of the politicians in Congress and Senate are multimillionaires. They out number Republicans by large numbers. Even the president is a multi-millionaire. Bill Gates, George Soros, and all those whacky movie-queens are millionaires. Nancy Polcat, Harry Inbreed are millionaires. Donald Trump and Mitt Romney are not liberal d'RAT's but they are a small minority. So, when all these liberal d'RAT's scream, 'Hate the Filthy Rich', all they are doing is screaming, 'Hate our Filthy Butts'. Why not just let them screw themselves? Most Republicans are small property and business owners trying to earn a living and not filthy rich.


TOPICS: Chit/Chat
KEYWORDS: ibtz; vanity; worstopusever
Navigation: use the links below to view more comments.
first 1-5051-60 next last

1 posted on 12/08/2012 6:55:16 PM PST by Vinylly
[ Post Reply | Private Reply | View Replies]

To: Vinylly

Zero’s friends won’t have to pay it. Count on it.


2 posted on 12/08/2012 6:57:13 PM PST by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

One big reason: They will build in a way out, a way to escape any of the new taxes.


3 posted on 12/08/2012 6:57:41 PM PST by Bobby_Taxpayer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly
From what I read, most of the very rich are liberal d'RAT's

F U and your little pony u rode in on.

4 posted on 12/08/2012 6:59:11 PM PST by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

Useful
Idiot

We are all the rich to the Dems but I think you know that


5 posted on 12/08/2012 6:59:59 PM PST by ncalburt (Axelrod Psych OPS has gone to 24/7 non stop - "The election is over " status until Nov)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

Republicans get huge political donations. The money has to be coming from somewhere.

Nickel-and-dimers do not add up to $1 billion in presidential races.

Besides, the Republicans do not want to make Wall Street angry.


6 posted on 12/08/2012 7:01:37 PM PST by spel_grammer_an_punct_polise (Learn three chords and you, too, can be a Rock Star!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

The really rich folk have places to hide it and shelter it from taxes.

Which means they’ll be going after a lower definition of the word rich.

Which means goodbye jobs.


7 posted on 12/08/2012 7:02:59 PM PST by lurk
[ Post Reply | Private Reply | To 1 | View Replies]

To: Drango
8 of 10 Richest Counties Voted For Obama

Truth hurts.

8 posted on 12/08/2012 7:03:40 PM PST by denydenydeny (Admiration of absolute government is proportionate to the contempt one has for others.-Tocqueville)
[ Post Reply | Private Reply | To 4 | View Replies]

To: wastoute

Of course not. Anyone who thinks the Congress will not leave large loopholes for themselves and their friends are fools. Fools elected Obama, so these fools believe the rich will be taxed. Its all a part of the Obama plan to seperate Americans.

The rich will stay rich and the Middle class will become the new poor.


9 posted on 12/08/2012 7:04:47 PM PST by Venturer
[ Post Reply | Private Reply | To 2 | View Replies]

To: Vinylly

“Most Republicans are small property and business owners trying to earn a living and not filthy rich.”

Yeah, and no thanks - we don’t need to pay i either.



10 posted on 12/08/2012 7:07:24 PM PST by Andy'smom
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

I had no idea that currently the Rich are exempt from Taxation. When did that happen?


11 posted on 12/08/2012 7:10:04 PM PST by Kickass Conservative (As they say in China, erections have consequences...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

The very wealthy have gotten their money around the confiscatory tax system. There is currently no tax on wealth, only income. Many of the wealthy are ELITISTS who want the tax system to prevent current earners from becoming wealthy and challenging their elitism.


12 posted on 12/08/2012 7:11:08 PM PST by MtnClimber (I did not vote for 0bama, someone else did that!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

Generally speaking because it establishes a bar that is then used to raise taxes on the near~rich, the next~to~rich, and the almost~rich.

You’re right that bunches of very wealthy are also dhimmicrats, that the rich-left will easily obtain waivers of one form or another, and that the rich have more resources to pour into buying tax shelters.

So it is the principle of equitable taxation that pubbies promote.


13 posted on 12/08/2012 7:11:52 PM PST by rockrr (Everything is different now...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

I don’t think the current set up will tax them. the middle class will be taxed, but the really wealthy will get out of it.


14 posted on 12/08/2012 7:12:23 PM PST by nickcarraway
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

Tax loopholes, tax free investments, etc. , etc.
They write the laws so what makes you think the wouldn’t make use of all the gaping holes in the tax code. They don’t like free enterprise or anything they can’t control. That’s what it’s all about.


15 posted on 12/08/2012 7:13:21 PM PST by smokingfrog ( sleep with one eye open (<o> ---)
[ Post Reply | Private Reply | To 1 | View Replies]

To: spel_grammer_an_punct_polise
Republicans get huge political donations. The money has to be coming from somewhere.

Yeah, from working people, or people who have spent a lifetime building a business.

Now explain where the democrats get their money. Welfare cards? Food stamp donations? How can the dems rake in millions from a base that has no income (other than what they can get their politicians to steal for them)?

16 posted on 12/08/2012 7:14:00 PM PST by concerned about politics ("Get thee behind me, Liberal")
[ Post Reply | Private Reply | To 6 | View Replies]

To: Drango

The over $200,000 crowd voted for Obama in 2008.

The rich are pretty liberal and even the republican rich tend to be only conservative on economics.


17 posted on 12/08/2012 7:15:04 PM PST by ansel12 (A.Coulter2005(truncated)Romney will never recover from his Court's create of a right to gay marriage)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Vinylly

Kill the Rich, redistribute their money and property to those the Government deems worthy, problem solved.

Next issue...


18 posted on 12/08/2012 7:15:04 PM PST by Kickass Conservative (As they say in China, erections have consequences...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

Because (just for starters) it will further depress the economy and cause even more job losses. And, because we live in Oceania and Big Brother’s Ministry of Truth is working on steroids. Obama’s proposal to “tax billionaires” would, in actual fact, fall mostly on small local businesses like cleaners, diners, quickiemarts, who would have to lay off more workers, raise the prices of everything we buy, or close down . There is in actual truth no proposal to just “tax the rich,” we are being lied to each and every day about obama’s actual proposal. Since there is no real “tax the rich” proposal on offer, your question lacks relevance.


19 posted on 12/08/2012 7:18:56 PM PST by faithhopecharity (--)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kickass Conservative

There is no annual wealth tax (’cept property taxes), only income tax.


20 posted on 12/08/2012 7:20:32 PM PST by Paladin2
[ Post Reply | Private Reply | To 11 | View Replies]

To: denydenydeny
Way back in George Washington's time the richest counties in America voted for him twice, and then they voted for Jefferson, then Adams ~ same counties too!

Around here there was some change in county shapes as Virginia tried to organize to meet population shifts in the post Revolution era, but otherwise all the same places as today.

21 posted on 12/08/2012 7:20:46 PM PST by muawiyah
[ Post Reply | Private Reply | To 8 | View Replies]

To: Bobby_Taxpayer
They will build in a way out, a way to escape any of the new taxes.

Oboma refuses to touch their loopholes. He wants to tax income only. The rich liberals have their money stashed away and live off that, or use the loopholes to deduct any income they do get. They won't have to pay a penny after all this is over.
Only those with smaller businesses and paychecks will get hurt by Obomanomics. (Oboma is being very careful not to let anyone touch HIS stash!)

22 posted on 12/08/2012 7:22:44 PM PST by concerned about politics ("Get thee behind me, Liberal")
[ Post Reply | Private Reply | To 3 | View Replies]

To: MtnClimber

The really wealthy are COUPON CLIPPERS ~ they have no earned income and they pay no income taxes at all ~ unless they really want to!


23 posted on 12/08/2012 7:23:34 PM PST by muawiyah
[ Post Reply | Private Reply | To 12 | View Replies]

To: Kickass Conservative

Yes, let’s Eat The Rich, too!! Yum. Yum. (Maybe they can be chopped into steaks and distributed with the “free” foodstamps?)


24 posted on 12/08/2012 7:24:23 PM PST by faithhopecharity (--)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Vinylly

The Progs may scream about taxing “the rich,” but they will never get the money they want from “the rich.” “The rich” are too few.

I still remember when Reagan got the 28% top rate passed. It looked like such a triumph over envy and stupidity. Look how long it survived the permanent campaign of envy. As long as we have the 16th Amendment, all tax increases will be hailed as victories by the envious, and all tax rate cuts will be demonized as triumphs for the “greedy.”


25 posted on 12/08/2012 7:27:02 PM PST by Arthur McGowan (If you're FOR sticking scissors in a baby girl's neck and sucking out her brains, you are PRO-WOMAN!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly
Excellent article on that right here: We Do Need "The Rich's" Money
26 posted on 12/08/2012 7:32:57 PM PST by BlessedBeGod
[ Post Reply | Private Reply | To 1 | View Replies]

To: nickcarraway
Because the a$$hat idiot voter thinks that the uber-wealthy pay INCOME taxes, they're all for it.

Sucks to be taken down by the ill-informed "voter", but the uber-wealthy stay that way because they earned their wealth and now take earnings on investments. And they sit on those, because the moment they sell investments, they pay taxes (15% currently).

Notice that Warren Buffett doesn't DARE talk about wealth taxes. Only income tax. Because he only takes a token "salary".

Some times I weep for the stupidity of the "average citizen".

27 posted on 12/08/2012 7:34:57 PM PST by boop ("I need another Cutty Sark"-LBJ)
[ Post Reply | Private Reply | To 14 | View Replies]

To: faithhopecharity
Yes, let’s Eat The Rich, too!! Yum. Yum.

I like the idea of a consumer tax. You want a lot of crap? Fine.
If you want very little, fine - save yourself a bundle!

What I'd like to see the most is everyone sharing the WORK so the wealth can redistribute itself. Then, with a consumer tax, everyone would have some skin in the game. Now THAT would be "social justice".

The way things are now? The middle class, about 50% (or less) of the nation, is being used as a slave force to support everyone else.
No man should be used as another mans slave. No man should have his wages stolen from him to support another who does nothing at all to help support himself.

28 posted on 12/08/2012 7:35:19 PM PST by concerned about politics ("Get thee behind me, Liberal")
[ Post Reply | Private Reply | To 24 | View Replies]

To: Vinylly

The whole “tax the reach” meme is just a precedent. One they’ve “paid their fair share,” it’ll be onto the middle class.


29 posted on 12/08/2012 7:35:32 PM PST by Lou L (Health "insurance" is NOT the same as health "care")
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Vinylly.
...most of the very rich are liberal d'RAT's.
Then let the Demagogic Party vote for the tax increase. Republicans who would vote for any such measure should be kicked out of the party the 100% effective way -- by having their fool heads chopped off. I mean that in the nicest possible way of course.


30 posted on 12/08/2012 7:39:57 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | View Replies]

To: smokingfrog

What tax loop holes. Or are you acctuatly talking about legal deductions and credits?


31 posted on 12/08/2012 7:40:07 PM PST by svcw (Why is one cell on another planet considered life, and in the womb it is not.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: faithhopecharity

That’s the real reason they call it Soylent “Green”.

Looks like money, smells like money, tastes like money.


32 posted on 12/08/2012 7:41:03 PM PST by Kickass Conservative (As they say in China, erections have consequences...)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Vinylly
Well for one thing we tax income not assets ,so you can have multi billions of dollars , but show a salary of $1.00 /year on paper and presto chango ---> The billionaire is now a poor schlub , and pays no taxes. Granted that's a real simple explanation but in generic terms that's how people like Buffet and Gates operate and why they're such big libtards.

I guarantee, if 0bozo ever came up with an asset tax instead of an income tax, Buffet wouldn't be opening his pie-hole begging for increased taxes.

33 posted on 12/08/2012 7:41:12 PM PST by YankeeReb
[ Post Reply | Private Reply | To 1 | View Replies]

To: Paladin2

Never said there was. I was being facetious regarding the title of the Thread.

It makes it sound like the Rich aren’t Taxed and they should be.

I guess it’s just me...


34 posted on 12/08/2012 7:45:46 PM PST by Kickass Conservative (As they say in China, erections have consequences...)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Vinylly
Why not just let them screw themselves?

Do you really think they are going to "screw themselves?" Of course not, because very rich people can control when and how they report income, and much of their income is not taxed at the ordinary income tax rates the President is proposing to raise. For example, income received from tax free bonds is not taxed at all. So people like Senator Kerry and his wife don't pay any taxes at all - state or federal - on much of their income.

The people that do get "screwed" by the President's plan to raise income tax rates are small business owners, and people who are trying to move up from the middle class. So if you work really hard at your business and have a great year the President's plan will hit you for more taxes.

Of course the people that own small businesses, and who are part of hard working, successful professional or farm families often vote Republican. That is who is going to get "screwed" to use your terminology.

35 posted on 12/08/2012 7:49:39 PM PST by freeandfreezing
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

Rich Dems avail themselves of the Geithner/Rangel exception and don’t pay income tax—they cheat on their tax returns. Besides, when you’re already wealthy and employed by Zero what do you care how much your government salary is taxed—it’s all net profit to you anyway. They get all their travel costs paid for and have great retirement and health benefits—all paid for from Zero’s stash.


36 posted on 12/08/2012 7:53:13 PM PST by Auntie Dem (Hey! Hey! Ho! Ho! Terrorist lovers gotta go!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: freeandfreezing

The republicans allowed the Usurper to be installed. They deserve to be screwed.


37 posted on 12/08/2012 7:53:37 PM PST by Godebert (No Person Except a NATURAL BORN CITIZEN!)
[ Post Reply | Private Reply | To 35 | View Replies]

To: spel_grammer_an_punct_polise

I think you are wrong to a degree.

The average donation to the Democratic party has been difficult to find on many fronts for years, while the Republicans cheerfully released theirs, taunting the Rats to do the same, which they didn’t.

Both parties get a lot of non-individual er...”donations”, but where the REST of that money comes from tells a lot more about the Rats than it does the Republicans. And it isn’t flattering to the Rats.


38 posted on 12/08/2012 7:53:48 PM PST by rlmorel (1793 French Jacobins and 2012 American Liberals have a lot in common.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Vinylly

It’s actually relatively simple. Those who have large accumulated wealth, already, don’t receive the bulk of their income as “earned income” which is subject to the highest tax rates (39% under the coming rates), but rather earn their income as “passive” invested income. Tax free municipal bonds, capital gains on stocks, income from investments in foreign countries. During John Kerry’s campaign for President, it was revealed that he and his wealthy wife (who got her wealth from her dead husband) paid an effective tax rate of only 15%. And that was before one considered her hidden income from foreign investments. People who are working hard and building a business, or trying to accumulate wealth, pay the higher tax rates because their income is “earned income”. That’s why its easy to be rich and a liberal. Higher tax rates on earned income don’t apply to you. Most of your income is passive and subject to no tax at all, or lower tax rates. Don’t look for ABCCBSNBCCNNMSNBCPBS to explain this to you. They depend on their funding from the people who don’t pay the higher rates.


39 posted on 12/08/2012 7:54:17 PM PST by Avid Coug
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

The reason to not “tax the rich” is that the rich (in the sense of people who already have vast net worth like Buffett, Gates, Soros) won’t pay. Once you’re rich you can derive income from tax-sheltered investments (municipal bonds, capital gains, . . .). “Taxing the rich” really taxes people who are becoming rich by actually doing productive work — business start-ups, physicians (though there is a bit of monopoly rents in their pay rate), newly minted MBAs who might actually be providing added value, . . . which is why it’s a drag on the economy.

The-already-rich know this and like rate-based soak-the-rich schemes of the sort Obama’s pushing because it keeps others from becoming rich. If Obama was actually serious about getting the rich to pay more in taxes he’d drop the fetish about tax rates and embrace Romney’s proposal to cap deductions, but that would hurt the already-rich who support Obama, rather than folks still pursuing the American dream.

Personally, I’d favor a more radical version of Romney’s idea: cap the amount of income that can be shielded from taxation at ordinary rates by any combination of exemptions, deductions, tax-exempt sourcing, credits or taxation at lower rates — with the sole exception of charitable deductions (since capping them destroys the non-state civil society and serves the interests of the statists who want all charity to come from the state.) The form to do this would be simpler than the AMT form (which it would replace).


40 posted on 12/08/2012 7:56:05 PM PST by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: freeandfreezing
"...So people like Senator Kerry and his wife don't pay any taxes at all - state or federal - on much of their income..."

Yeah. And they are organized and cold-blooded on how they want to avoid those taxes, no penny is left to chance. The scum even arranged to avoid having to pay Massachusetts taxes on his yacht by arranging to register it in Rhode Island instead of Massachusetts. (you can read about it here)

Amazing. Liberals have such gall...like Michelle Obama making a stink about what other people eat and drink while the melted butter from her lobster dribbles down her chin.

I think Ann Coulter had it right, when years ago she said in one of her books something along the line that Liberals take a perverse joy in lying and hypocrisy, almost competing laughingly with each other to see who can get away with more.

41 posted on 12/08/2012 8:06:38 PM PST by rlmorel (1793 French Jacobins and 2012 American Liberals have a lot in common.)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Vinylly

cut welfare payments 20%. tax the poor they don’t pay their fair share.


42 posted on 12/08/2012 8:16:29 PM PST by bravo whiskey
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

My daughter and I went to the ballet tonight and the program listed sponsors. There were large, well-known corporations as well as local businesses and individuals. The “rich” do a lot of great work with the arts and charities. I know a lot is tax-deductible but not all. If the “rich” have to pay higher taxes, won’t that cut into the charitable giving and sponsorship of all sorts of programs? I much rather the “rich” support things than the government.


43 posted on 12/08/2012 8:36:04 PM PST by ilovesarah2012
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly
Why not tax the rich? Because the income tax is an immoral marxist invention that steals your work and is intended to destroy your individuality. Further, it can and is used to drive many negative emotions and actions, such as envy, sloth, hatred, theft, murder and lies. Additionally, the income tax code is used by the men and women our masters, our royal class, to “encourage” certain behaviors and to punish those they intend to destroy.. The income tax gives our overlords more power and authority over us than they should have ever had. The income tax has funded the expanse and power of the federal government we have seen in the twentieth century. The income tax is the greatest evil the progressives have ever fostered on the American people. There should be no income tax on anyone. Ever!
44 posted on 12/08/2012 8:39:43 PM PST by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: concerned about politics

“Now explain where the democrats get their money.”

From the same place that the Republicans get their money. The dims don’t want to anger Wall Street, either.


45 posted on 12/08/2012 8:40:02 PM PST by spel_grammer_an_punct_polise (Learn three chords and you, too, can be a Rock Star!)
[ Post Reply | Private Reply | To 16 | View Replies]

To: rlmorel

“taunting the Rats to do the same, which they didn’t.”

From Wall Street. The dims don’t want to anger Wall Street, either


46 posted on 12/08/2012 8:42:07 PM PST by spel_grammer_an_punct_polise (Learn three chords and you, too, can be a Rock Star!)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Vinylly

Sadly, Hollywood and Greenwich CT losers will avoid taxes and still vote leftist. That’s how statism works.

Meanwhile, the guy or gal who busted their butt to build the restaurant chain or machine shop with 50 employees, who is also considered “rich,” will wind up paying.


47 posted on 12/08/2012 8:50:38 PM PST by PGR88
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinylly

Mind you, if it was up to me, I’d tax all “entertainment” earnings over 5 million a year at 100%.

Since Rosie and Oprah and Katy Perry et al wanted Zero. . . they can pay for him.

But it won’t happen. . .


48 posted on 12/08/2012 8:53:32 PM PST by Salgak (Acme Lasers presents: The Energizer Border. I **DARE** you to cross it. . . .)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Avid Coug

all good points abut “the rich” living off “unearned income” from their investments, such as dividends

Buffet I believe has set himself up to be paid in dividends, and takes only a token salary - to reduce his income taxes. The Kennedys live off family trusts established to manage their inherited wealth and reduce their taxes. John Edwards established a sub-chapter S corporation to shelter his wealth, and Rahm Emmanuel establishd his family as a nnprofit and the family home as its headquarters so he and wife (the only “emploees”) could write off expenses and shelter wealth

With the right tax lawyers, a lot of people could become “richer”. Paying “income” taxes is for little people

However before conservatives join the pack of baying hounds determined to run down “the rich” who live off “passive” investments, remember that many retired folks who managed to save and invest over a lifetime, putting momey aside onlu after it was already taxed, also depend on investment income when they are no longer able to work. They will also be hunted down as “rich” under any govt laws aggressively targeting investment income


49 posted on 12/08/2012 8:59:42 PM PST by silverleaf (Age Takes a Toll: Please Have Exact Change)
[ Post Reply | Private Reply | To 39 | View Replies]

To: Vinylly

None of the people you mentioned will be paying the increased rates. They will have shelters and loopholes and special deductions and tax credits.


50 posted on 12/08/2012 9:01:36 PM PST by Behind the Blue Wall
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-60 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson