Obama to propose $1.5 trillion in new tax revenue

WLDB

Senate Member
Jun 24, 2011
6,182
0
36
Ottawa
As I said earlier. Stephen King is an Uber Rich with a net worth of $200 million and he is in the 50% tax bracket.

For the sake of argument: Half of $200 Million is $100 million and you want him to pay more?

Yes, for writing quite a few bad books. He can keep 50 million for the good ones he did.
 

Retired_Can_Soldier

The End of the Dog is Coming!
Mar 19, 2006
12,409
1,375
113
60
Alberta
Oh I did for a while, and one can switch from ignore to not. But, why should I keep you on ignore. You're quite a laugh most of the time.:) Don't wanna miss ALL the good stuff, speaking of ridiculous posts.

""What's it gonna be?

Look dude you can't have it both ways."""

That's the funny part. You telling anyone what they have to do, or what they can have. Last I checked, you weren't in charge of a whole hell of a lot.


Well listen Bud welcome back. I missed your sharp and insightful commentary. :)

Yes, for writing quite a few bad books. He can keep 50 million for the good ones he did.

I wish I were as bad and unpopular a writer as Stephen King.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
I wish I were as bad and unpopular a writer as Stephen King.[/QUOTE]

I guess there is no opinion more valid than that of the market place. :smile:
 

Retired_Can_Soldier

The End of the Dog is Coming!
Mar 19, 2006
12,409
1,375
113
60
Alberta
Retired_Can_Soldier said:
I wish I were as bad and unpopular a writer as Stephen King.

JLM said:
I guess there is no opinion more valid than that of the market place. :smile:
Or the Universities where Literary programs actually have him listed as required reading. :)

I think I could hack all the negative feedback. :)
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
Or the Universities where Literary programs actually have him listed as required reading. :)

I think I could hack all the negative feedback. :)

I can't really express an opinion of Stephen King, I read one book that was very good and then got 1/2 way through one that was terrible. :smile:
 

Kreskin

Doctor of Thinkology
Feb 23, 2006
21,155
149
63
You'll have to explain that. I don't understand what you mean.
Social Security might be paid to seniors but they are only temporary safekeepers of the "entitlement". In 30-60 days the money ends up in the hands of an entity who is listed on a stock exchange or someone who invests in one.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
Social Security might be paid to seniors but they are only temporary safekeepers of the "entitlement". In 30-60 days the money ends up in the hands of an entity who is listed on a stock exchange or someone who invests in one.

Is there any money that doesn't?
 

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
148
63
A Mouse Once Bit My Sister
Social Security might be paid to seniors but they are only temporary safekeepers of the "entitlement". In 30-60 days the money ends up in the hands of an entity who is listed on a stock exchange or someone who invests in one.

Anyone can arrange to take complete control of their retirement funds. The groups that agree to manage the money make no secret about where it going, it's up to the individual to determine the best course of action.
 

Kreskin

Doctor of Thinkology
Feb 23, 2006
21,155
149
63
Anyone can arrange to take complete control of their retirement funds. The groups that agree to manage the money make no secret about where it going, it's up to the individual to determine the best course of action.
My point is the top 10-15% wealthiest in the country sooner or later end up holding all the cash generated by debt. They wouldn't have it otherwise so paying more tax shouldn't be much of a burden.
 

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
148
63
A Mouse Once Bit My Sister
My point is the top 10-15% wealthiest in the country sooner or later end up holding all the cash generated by debt. They wouldn't have it otherwise so paying more tax shouldn't be much of a burden.


That additional tax they'd pay (based on your scenario) would come directly from the pension funds they manage... Bear in mind, the investment groups do not 'own' that money, they manage it on behalf of the client(s).
 

Kreskin

Doctor of Thinkology
Feb 23, 2006
21,155
149
63
The other option is to put three-quarters of the country into poverty and soup kitchens while the debt is brought under control.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
What about the 50% of the US population that don't pay federal taxes?.. Is it free-ride time for them on a perpetual basis?

That's just it, I don't mind helping those who put forth some effort, but I can't stand drones, but then there's a lot of high paid drones I can't stand either. :lol:
 

Kreskin

Doctor of Thinkology
Feb 23, 2006
21,155
149
63
What about the 50% of the US population that don't pay federal taxes?.. Is it free-ride time for them on a perpetual basis?
A free ride to what, stay alive? They don't have any money. The rich take whatever they have every couple of weeks.
 

Locutus

Adorable Deplorable
Jun 18, 2007
32,230
47
48
66



Media Myth Debunked: Millionaires Don't Pay Less Tax as Percent of Income Than Lower Earners | NewsBusters.org

SOI Tax Stats - Individual Income Tax Returns Publication 1304 (Complete Report)