IRS Data Shows: "The Rich" Pay Higher Rates

[The Dude]

One losers fascism is another educated mans capitalism!

 

[Freddy Figbottom]

One losers fascism is another educated mans capitalism!

Yes. Our education system is in jeopardy, like you say.

 

[The Dude]

Yes. Our education system is in jeopardy, like you say.

I'd say we have the best in the world, even though we produce occasions losers like you

 

[Taft2016]

So this "allegedly" egregious tax on dividends will be paid by you? out of your pocket?

Do I pay capital gains taxes on dividends? Yes.

 

[Taft2016]

Obama is not doing shit to investment income whether it be dividends or cap gains.
The other good thing is every senator is a multi millionaire
They are not about burn their own houses down

Jay Rockefeller and John Kerry were on board with it. Maybe because they knew it would never get passed in the Republican House.

 

[The Dude]

Do I pay capital gains taxes on dividends? Yes.

Ah no
Cap gains has a rate
Dividends has a rate

 

[The Dude]

Jay Rockefeller and John Kerry were on board with it. Maybe because they knew it would never get passed in the Republican House.

Somebody online post the wealthiest congress people each year and their main holdings.
Both sides are full of multi millionaire stock holders.
They simply are not going to shoot their feet off.

 

[Freddy Figbottom]

Do I pay capital gains taxes on dividends? Yes.

No. do you pay the corporate tax on the dividend prior to distributing it to the share holder. You know, the tax you were previously lamenting?

 

[The Dude]

No. do you pay the corporate tax on the dividend prior to distributing it to the share holder. You know, the tax you were previously lamenting?

Do you understand the concept of ownership
If so, yes as the owner he pays

 

[Freddy Figbottom]

Do you understand the concept of ownership
If so, yes as the owner he pays

Owners pay corporate taxes from their salaried income? That's a new one.

 

[Taft2016]

Ah no
Cap gains has a rate
Dividends has a rate

Same rate though. Depending on income bracket.

 

[Taft2016]

Owners pay corporate taxes from their salaried income? That's a new one.

Could you explain that question please?

I get shareholder dividends. I'm not salaried. What are you babbling about?

 

[The Dude]

Owners pay corporate taxes from their salaried income? That's a new one.

Wow you are hard to teach, grasshopper
Out of revenue

 

[Freddy Figbottom]

Could you explain that question please?

I get shareholder dividends. I'm not salaried. What are you babbling about?

Reread for clarity. Smart people know what's going on. You just need to catch up.

 

[Freddy Figbottom]

Wow you are hard to teach, grasshopper
Out of revenue

Revenue is not the owner's money. It's the corporation's, right old blind guy?

 

[Taft2016]

Reread for clarity. Smart people know what's going on. You just need to catch up.

You need to progress beyond financial illiteracy.

 

[The Dude]

Same rate though. Depending on income bracket.

Ok, my wife took over taxes and bills a decade ago
Used to be ordinary income for dividends and a higher rate for cap gains

 

[tekkychick]

IRS Data Show Most Millionaires Pay Taxes at Higher Rate Than Middle Class

President Obama and his advisers are presenting the "Buffett Rule" as the cure for an epidemic of millionaire tax scofflaws, but national statistics show millionaires by and large are paying taxes at a much higher rate than middle-class families.

And their income taxes make up a significant portion of the federal budget pie.

Data compiled by the nonpartisan Tax Policy Center show households pulling in more than $1 million pay about 29.1 percent of their income in federal taxes. By contrast, households making between $50,000 and $75,000 pay about 15 percent.

The so-called Buffett Rule has become the political centerpiece of the president's deficit-reduction program. Named after Warren Buffett, the provision would ensure people making more than $1 million a year pay taxes at a higher rate than the middle class.

Read more: http://www.foxnews.com/politics/201...-higher-rate-than-middle-class/#ixzz1YVVmVMVe

good. but 29.1? they should pay more.

 

[The Dude]

Revenue is not the owner's money. It's the corporation's, right old blind guy?

I'm old and nearly blind
The owner is the corporation
Grasshopper

 

[Freddy Figbottom]

You need to progress beyond financial illiteracy.

You need to learn to keep track of conversation's you're involved in.