Billionaires pay no state tax

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Comrade
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Re: Billionaires pay no state tax

Postby Comrade » Sun Jun 24, 2012 2:47 pm

Detritus wrote:
Comrade wrote:
Henry Vilas wrote:It seems like the conservative forons cannot defend the indefensible.


You expect conservatives to defend what was Democratic policy under Doyle?

In other words, you don't care about the policy itself, just whether or not it is linked to the Democratic party.


NO! That is not it at all. I am simply pointing out Henry's hypocracy. That is not the basis for a serious discussion and I'm not engaging in one.

Comrade
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Re: Billionaires pay no state tax

Postby Comrade » Sun Jun 24, 2012 2:50 pm

Henry Vilas wrote:I'm not talking about any specific political party, as both major ones tend to bend over backwards to make sure the richest Americans get all the tax breaks they want.

But can you defend them?


Yes you were talking about a specific party. Your "divide and conquer strategy" crack was aimed at one party and you know it.

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Re: Billionaires pay no state tax

Postby snoqueen » Sun Jun 24, 2012 2:52 pm

Offsetting investment gains with investment losses? Sure, it's part of the tax code right now, so to do so is legal.

I have in the past written off losses against gains and carried over the losses to future years as allowed in the code -- you don't have to be filthy rich to use that provision.

Is it desirable to keep this part of the code as written when it gives distorted results like the ones we're discussing?

Hey, you guys are the ones wanting to reform the tax code. You give me your answer.

I think it'd be sensible to collect taxes from where the money is, in general, and in a progressive manner so those who have very little pay proportionally less than those who have much. One reason is that any hardship resulting from tax obligations is more easily borne by those who have earned or been given far more money than the average person will make in not only a year but a lifetime.

I see one of the roles of our government to be alleviating hardship among us, the citizens. While there exist different kinds of hardship, having a surplus of money is generally not on the list.

I do not believe the role of the government is to ensure someone like John McCain gets to keep all six of his houses (or however many it was) at the expense of someone who can barely pay the mortgage on one house. Obligation exists in proportion to ability to pay, in other words.

I personally do not buy the notion that if wealthy people are taxed more they will simply quit working, or quit trying. That's not how people are wired, for the most part.

A person skilled in business is likely to be able to manage these obligations in a knowledgeable manner and still live a pleasing lifestyle. That's how they got where they are.

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Re: Billionaires pay no state tax

Postby Henry Vilas » Sun Jun 24, 2012 3:02 pm

Comrade wrote:
Henry Vilas wrote:I'm not talking about any specific political party, as both major ones tend to bend over backwards to make sure the richest Americans get all the tax breaks they want.

But can you defend them?

Yes you were talking about a specific party. Your "divide and conquer strategy" crack was aimed at one party and you know it.

It was aimed at the party in power, because that is who the billionaires are throwing their money behind. And again, that quote came from one of the billionaires when talking to that party's representative that she was supporting.

But you want to make this about me. Your attempt at diverting this discussion from the title of this thread is blatantly apparent.

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Re: Billionaires pay no state tax

Postby Wino » Sun Jun 24, 2012 3:56 pm

snoqueen wrote:I think it'd be sensible to collect taxes from where the money is, in general, and in a progressive manner so those who have very little pay proportionally less than those who have much. One reason is that any hardship resulting from tax obligations is more easily borne by those who have earned or been given far more money than the average person will make in not only a year but a lifetime.

This. Instead, the current state administration nipped at the lower end of the scale at Earned Income and Homestead credits. Never seems to be a lack of complaints from conservatives about these folks "never paying any taxes".

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Re: Billionaires pay no state tax

Postby Cornbread » Sun Jun 24, 2012 5:59 pm

Henry Vilas wrote:2 Wisconsin billionaires pay no state income tax in 2010[/

Holy obama!

Here's one way to avoid paying state income tax every now and then: Become a billionaire.

Actually, I imagine there are a lot of people that don't pay any state income taxes in a year, some never pay it, most pay some and get what they paid and more back, some pay more than they use in services, others pay WAAAAAY more than they ever could use/consume in government services in a thousand lifetimes.

Oh yeah, back to your trollish post. I'll be simple here for the leftists--I inherit a kajillion (that's approaching obama money) bucks one year and pay a lot in state income taxes. If I don't make any money the next year because I'm being a leftists socialite, flying around warning people of their carbon footprint and have not invested that money in anything that actually makes any income.....um....there is no income to tax.

Unless the affluent leftists are all about socialism, ya know, income redistribution, taking from those that have and giving to those that want. What exactly is that marxist quote again?

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Re: Billionaires pay no state tax

Postby Cornbread » Sun Jun 24, 2012 6:05 pm

bdog wrote:It seems Henry still has nothing to say.
Fucking troll.


I don't think henry is a troll--I just think he's an old leftist. Most kids grow out of their leftist tendencies once they're out of college for a while and experience the real world. Old leftists have been stuck in government/media/journalism(creative writing) since, so they tend to stay in their insulated rut and become stale.

I don't think henry's a bad guy, I just think the world has passed him by--as it has pretty much most leftists. So people of this world should take some time to educate the leftists on the realities of the world outside of what dominates madison, berkley, hollywood, hyde park, etc. I'm serious in this--they're just ignorant, like children. Don't pick on children, help them. ;)

Galoot
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Re: Billionaires pay no state tax

Postby Galoot » Sun Jun 24, 2012 6:07 pm

Checked one of those ignored posts. Yeah, I'm glad I have that asshole on ignore. What a fucking idiot.

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Re: Billionaires pay no state tax

Postby Stu Levitan » Sun Jun 24, 2012 6:27 pm

Cornbread wrote:Unless the affluent leftists are all about socialism, ya know, income redistribution, taking from those that have and giving to those that want. What exactly is that marxist quote again?


My goodness, you really don't know what socialism, is do you?
(Here are two hints -- it's not the same as communism, and it's got something to do with public/social ownership/control of the means of production. Want to try again?)

Cornbread
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Re: Billionaires pay no state tax

Postby Cornbread » Sun Jun 24, 2012 7:00 pm

snoqueen wrote:Offsetting investment gains with investment losses? Sure, it's part of the tax code right now, so to do so is legal.

It SHOULD be part of the tax code. The passive write off was ditched in 1986--as it should have been. But if someone, say an evil, rich corporation like yourself snoqueen invests in your dream catchers and also, kicks in some money to invest in a construction company, both should be combined to get your total tax liability.

I mean, other than leftists, people think only profit should be taxable, so if you invest 10 in your dream catchers and 10 in jane's construction, and you make 10 in your garage, but jane loses your 10, you actually made obamadollars, I mean zero dollars.

This shouldn't be rocket science.

Hey, you guys are the ones wanting to reform the tax code. You give me your answer.

Take politics and rocket science out of it.
Make less than 15k/yr, zero tax (no EIC).
15.1 to 35K, pay 10%
More than 35K/yr, pay 15%.

Done, zero more after that.

On capital gains, it's a lot more complicated, but I assume you're just talking income tax as that's the holy grail of the misguided leftists.

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Re: Billionaires pay no state tax

Postby Shorty » Sun Jun 24, 2012 8:30 pm

Tax the rich. Henry is one of the best posters on this board and deserves more respect than you new punks combined.

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Re: Billionaires pay no state tax

Postby bdog » Sun Jun 24, 2012 8:55 pm

Shorty wrote:Tax the rich. Henry is one of the best posters on this board and deserves more respect than you new punks combined.

Henry is an idiot step-child compared to Sno, PJ, Det, Huck and a slew of other posters with the same left leanings.

His "Defender of the faith" schtick grows tiresome after a while.

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Re: Billionaires pay no state tax

Postby pjbogart » Sun Jun 24, 2012 10:41 pm

bdog wrote:
Shorty wrote:Tax the rich. Henry is one of the best posters on this board and deserves more respect than you new punks combined.

Henry is an idiot step-child compared to Sno, PJ, Det, Huck and a slew of other posters with the same left leanings.

His "Defender of the faith" schtick grows tiresome after a while.


Henry Vilas provides far more valuable information to this board than I ever have, along with Snoqueen and Detritus. Let me know when you provide something of interest.

I'm the closest thing to a left-wing troll this board possesses. Oh sure, I can't hold a candle to Cornholio, but when it comes to being a insufferable jackass, I'm the best we've got. Yeah, that's a fuckin' gauntlet, Chuck.

And what in the hell happened to the great Bandini? He was a worthy opponent. Perhaps he's also a believer in the "company you keep" doctrine. Our right-wing contingent probably embarrassed him back to his Ron Paul messageboard.

I had some hopes for John Henry, but honestly, how seriously can you take someone who worships Sarah Palin?

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Re: Billionaires pay no state tax

Postby Meade » Sun Jun 24, 2012 11:58 pm

There are many variations of socialism and redistributing wealth can accurately be called "socialist". Not all socialism is pure communism. Only upper-stage socialism reaches pure communism - where the means of production are controlled directly by the workers, everyone is freed from "alienating work", a basic standard of living is guaranteed to all, no one is exploited or coerced to work, and society becomes just.

Upper-stage socialism is the ultimate dream of true Marxist-Leninist socialists but, so far, in practice, upper-stage socialism has been rare and short-lived mainly because it seems to be human nature for individuals to not like having their property taken from them by force by any entity.

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Re: Billionaires pay no state tax

Postby bdog » Mon Jun 25, 2012 6:03 am

pjbogart wrote:
bdog wrote:
Shorty wrote:Tax the rich. Henry is one of the best posters on this board and deserves more respect than you new punks combined.

Henry is an idiot step-child compared to Sno, PJ, Det, Huck and a slew of other posters with the same left leanings.

His "Defender of the faith" schtick grows tiresome after a while.


Henry Vilas provides far more valuable information to this board than I ever have, along with Snoqueen and Detritus. Let me know when you provide something of interest.

If you think Henry provides valuable information to this board I pray I never post anything that you find interesting.


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