BILL LUMBERG
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lindsaya99
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Do those of you who advocate moving to poorer neighborhoods actually have children of your own? I'm guessing not because there is no way that I would intentionally put my child in an inferior school district. I intend to spend whatever money I have to in order to insure my child gets the best education possible. And yes, that means moving to the most affluent area I can afford or if need be, paying for private school. You only get one chance at providing a quality education for your children.
Wave, even Obama puts his children in private school.
Wave, even Obama puts his children in private school.
waveflyer
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It's whatyou give that makes you happy, not what you get. That presumes you have something to give so taking care of yourself completely is honorable- but once you've surpassed that standard- finding time to give is something I will always encourage- and you'll find that you will be given back to in more ways and amounts than you'll ever feel you deserve. Funny thing about greed and hoarding--- you will never get enough to make you happy
JoeMerchant
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Wave, would you be willing to put your kids in an inner city public school? Interesting that Obama puts his kids in private school, but doesn't support letting others do the same....he needs to pander to the school unions....
HA25
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On that topic... My wife has a masters in Ed and has taught in everything from inner city type schools (when we lived in ATL, she taught at Riverside school in Maybleton) and she's taught at schools in far more affluent areas as well. We also have our two kids now in a public school which ranks as one of the best schools in the state (public or private).. it's not so much about whether the school is public or not, but more to do with the quality of the neighborhood which feeds into it, the parental involvement in their kids education, and other local factors. This is why many realtors will tell you that whether you have school age kids or not, paying attention to the schools attributed to the home you're buying is a huge factor in keeping your home's value strong.
btw, it was nice to hear from you old pal..
waveflyer
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You got me- I have no kids so any opinion on that is suspect- I don't have a desire to shelter them- but I can't say I'd want them in an inner city school full time- I'm saving now for private school bc I want a more whole person spiritual approach and want that option open for when I get married- by they'll be another opinion to join that one-
As is your usual brilliance stuns me again Joey- I fail to the relevance- I preach on about volunteering in inner city and rural poor areas bc the education and actions of all our citizens affects us and I have a personal investment in each American living a wise, happy and productive life- it's not just about me and mine- but it does affect me and mine
Yes- I think the title is corny as are most tribal thoughts translated to English- but I do think it takes a village to raise a child-
Don't believe me- talk to 10 good sets of parents at least 1 will have a kid that got into all kinds of craziness-and that craziness was a big drain on the economy- multiply it by thousands and undereducating a population is a very expensive endeavor -(try to remember that jails aren't remotely free- they're expensive and you also lose out on the productivity of the extra guards and the prisoner themself- neverminding the havoc and expense the crime caused(!)
parents are a big part- but only 1 part of a persons environment
And I don't live in the naive world where the actions of others has no effect on me-
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Perhaps, but since
the top 1% of income earners pay as much tax as the lower 90%, that sure makes others happy!
the top 1% of income earners pay as much tax as the lower 90%, that sure makes others happy!
Do you honestly believe this? I hope you don't vote, not that it matters who's in office...it's all a shell game.
BoilerUP
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Top 1% paying 90% of taxes is a bit of a stretch...but that's not to say the top 1% doesn't pay a very disproportionate percentage of the federal tax burden under our current progressive tax system.
Top 1% of earners paid 40% of federal income taxes with the top 10% of earners paying 71%...and the bottom 50% of earners paid only 3% of federal income taxes.
Top 1% of earners paid 40% of federal income taxes with the top 10% of earners paying 71%...and the bottom 50% of earners paid only 3% of federal income taxes.
BoilerUP
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No, the top 1% of earners pay more federal income tax than what the lower 90% pays...did ya look at the link?
Sure its from the Heritage Foundation, but their data is derived from OMB & CBO statistics...
HA25
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Where do you get that false information? My sister is a member of that top 1% and I assure you they pay a LOT less than you think... the tax code is filled with places for wealth to hide... especially corporate wealth.
http://www.ntu.org/tax-basics/who-pays-income-taxes.html
The middle class bares the brunt of the tax burden... those of us making under $200,000/yr
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HA25
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there's someone who gets it... It cracks me up when people take the side of one party as if they hold all the cards in their hands to solve the problems we have.. The "Republicrats" are the problem... we need to add AT LEAST 3 or 4 more political parties and get a far more representative system of the average man.. we need coalition governance, so that the ideas that the majority espouse can become law.
Otherwise I have to chose between a party who wants to continue the affirmative action garbage that leads to 2000 hour women taking jobs at DAL before 6000 hour men... OR the party that wants to take away any and all labor protection and return us to the industrial age again or make our labor market look more like China's..
Just google it,
It's all over the place. Keep in mind that we're talking actual dollars paid in taxes.
The bottom 40% of the population pays 0% (or 0 dollars) in taxes! Take a good hard look at the rest of the numbers and then let me know if you feel the same way about middle class.
Good for her! But, uhm, have you actually seen your sisters tax return and do you have a complete picture of her financials?
Yes! Like investing in other companies, (BUYING stock) -
Depreciation of assets (but first you have to BUY something before it can be depreciated!)
Airline travel write-offs for business meetings (hopefully on an aircraft that you pilot!) But first you have to BUY something before you can make that trip
3 martini lunches that support not just the rest owner BUT all the illegals bussing tables, and this list goes on and on. The common denominator is that most tax write offs require that the person or company BUY something!
BUYING something is how the economy grows and how jobs are created. Without that single feature, I don't care if you're a lib or full conserv, nothing else matters because the economy is doomed.
It's all over the place. Keep in mind that we're talking actual dollars paid in taxes.
The bottom 40% of the population pays 0% (or 0 dollars) in taxes! Take a good hard look at the rest of the numbers and then let me know if you feel the same way about middle class.
Good for her! But, uhm, have you actually seen your sisters tax return and do you have a complete picture of her financials?
Yes! Like investing in other companies, (BUYING stock) -
Depreciation of assets (but first you have to BUY something before it can be depreciated!)
Airline travel write-offs for business meetings (hopefully on an aircraft that you pilot!) But first you have to BUY something before you can make that trip
3 martini lunches that support not just the rest owner BUT all the illegals bussing tables, and this list goes on and on. The common denominator is that most tax write offs require that the person or company BUY something!
BUYING something is how the economy grows and how jobs are created. Without that single feature, I don't care if you're a lib or full conserv, nothing else matters because the economy is doomed.
HA25
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which corresponds to actual dollars earned/made.. so it's apples to apples.
I do... since the middle class are far more likely to earn a "Wage" rather than earn wealth and income in other ways, such as equity or capital gains.. both of which are taxed at a lower rate under current law...
I am her and her husbands' investment advisor and work with their CPA at tax time to minimize her taxes under current law. I know EXACTLY how much they paid .. I also know that 76% of their last years income, earnings and gains wasn't even taxed (legally).
Follow me on this a sec..
Millionaire buys a private jet.. and adds it onto a FAR 135 certificate at a friend/business partner's air taxi.. millionaire pays their pilots $50-70K/yr with some benefits.. and therefore creates 3 lower middle class jobs. Add to that 1 A&P @ $50K/yr... The airplane has a capitalized cost of $20M.. and he uses a straight line (DDB) depreciation schedule over 5 years, so $4M/yr is now being offset against "income" from the business OR (and this is key) any other captain gains income that the owner has.. so this person, who might have taken home a paid wage of $500,000/yr but $25M in capital gains now has an effective $21M in capital gains for tax purposes, thus "hiding" $4M from taxes (legally)... BUT.. here's the beautiful part.. at the end of 5 years, when there is no more depreciation to be had, the aircraft is then sold as "salvage" for maybe 50-60% of what was paid for it... thus returning 10-12M into the coffers... the net result is 20M is saved taxes on capital gains, the use of a private jet, AND all it cost them was $8M..
This my friend is why the "rich" don't pay themselves a $65,000,000 "Salary"... but rather pay themselves $500,000 or something, and the other $64,500,000 in "other income"..
here's another one for you.... when my sister and brother in law earn an extra million or two they don't spend it.. they usually invest a part and retain a part via cash, annuity or bonds.. so that extra million might benefit the economy at some level as invested capital, but not anywhere near as much as if that $1M went into the hands of a bunch of people making $50K yr as a pay raise (of lets' say $5K/yr),... the employee (or wage earner) that is living pay check to pay check is going to spend 99% of that $5K and therefore benefit the economy far more than the retained $1M the "owner" keeps.
This is why we pilots in "labor" should never relent on taking more and more wages .. it's a 0 sum game.. either we get the added wage, or the owners (investors, etc..) keep it.. is your labor worth anything to you?
waveflyer
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This thead has drifted everywhere- may as well get to taxes-
And the constant whining about them!
Warren Buffett issued a challenge- he'd give a $Million to any one if his peers who would publicly admit they pay less as a percentage of income than their secretaries do.
The poster above has it right I'm not worried about the top 1/2% - they have more loopholes than you can imagine- it's te top 1%-9% that is getting shafted as they don't have the same shelters available to them.
Complaining the bottom 40% doesn't pay taxes is idiotic. Ever hear that you can't get blood out of a rock? They don't have an income to pay from- try to remember that a gallon of milk or gas costs the same for each class- while a loan is much cheaper for us- you guys sound like you're pissed that the tax system could promote upward mobility- we really don't want those with talent and drive to be held down under the thumb of economics.
And if you're too retarded to think that can't happen- go to south america and see how the enormous gap between rich and poor is working out for those countries-
And hint: america is heading that direction.
Oh no, the Warren Buffet card again....
Hard for me to compare the greatest industrialized and capitalist democracy in the history of the planet earth with a 3rd world entity......nice try though
Hard for me to compare the greatest industrialized and capitalist democracy in the history of the planet earth with a 3rd world entity......nice try though
waveflyer
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Oh I know- the Warren Buffett card is so wrong ... Why listen to a humble midwest multi billionaire who's created more jobs than just about any other millionaire you just described- and the average netjet job is better than 90% of most other corporate gigs-
I've said it before- supply side economics does work- as long as enough people have the money- I don't hate the rich- I just think the country works better with a hundred people worth $3M than 1 worth $300M-
So avoid the growing gap between the rich and poor and the shrinking middle class- bc trickle down economics does not fix that- otherwise we wouldn't have experienced this mess after bowing down to the trickle down gods for the last decade
I've said it before- supply side economics does work- as long as enough people have the money- I don't hate the rich- I just think the country works better with a hundred people worth $3M than 1 worth $300M-
So avoid the growing gap between the rich and poor and the shrinking middle class- bc trickle down economics does not fix that- otherwise we wouldn't have experienced this mess after bowing down to the trickle down gods for the last decade
Most people don't have money because they're not good with money. Look at all the people that win the lottery that just blow there money. The guy with the rich sister, maybe if she doesn't pay enough in taxes, maybe she ought to just give some more money to the government if you guys are so sure that the government can spend her money better than she can. Or maybe she ought to donate some of her millions. She probably won't though because rich people typically don't give a large part of there fortune away, because they're good with there money.
Warren's cool....
and like any other successful business person he is a good seller. Good sellers focus on the positives of their message. The fact that folks quote his statements without really looking into it was my point. It's rather foolish to blindly listen to folks, even if they are "Uncle Warren". The 55% estate tax is real, and NOBODY ever escapes death, so his statement, while well intended, is not accurate.
YES, he has created jobs! That's exactly my point! Let the business people continue to contribute to society by doing what they do best: GROWING their business. As a business person I can attest to this 1 simple fact: GROWING a business requires employees. The less tax that I pay any given day the more money that I have to invest (ie create jobs!) in my business. This is just such a simple concept I don't get how folks can't grasp it.....
and like any other successful business person he is a good seller. Good sellers focus on the positives of their message. The fact that folks quote his statements without really looking into it was my point. It's rather foolish to blindly listen to folks, even if they are "Uncle Warren". The 55% estate tax is real, and NOBODY ever escapes death, so his statement, while well intended, is not accurate.
YES, he has created jobs! That's exactly my point! Let the business people continue to contribute to society by doing what they do best: GROWING their business. As a business person I can attest to this 1 simple fact: GROWING a business requires employees. The less tax that I pay any given day the more money that I have to invest (ie create jobs!) in my business. This is just such a simple concept I don't get how folks can't grasp it.....
What about this?
In the past decade, the nine states with the highest personal income tax rates have seen gross state product increase by 59.8%, personal income grow by 51%, and population increase by 6.1%. The nine states with no personal income tax have seen gross state product increase by 86.3%, personal income grow by 64.1%, and population increase by 15.5%.
Just a coincidence????
In the past decade, the nine states with the highest personal income tax rates have seen gross state product increase by 59.8%, personal income grow by 51%, and population increase by 6.1%. The nine states with no personal income tax have seen gross state product increase by 86.3%, personal income grow by 64.1%, and population increase by 15.5%.
Just a coincidence????
HA25
Tokyo Tokyo!
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I got an idea then... lets get rid of all taxes and that way we can all live like it was the reign of King Henry VIII again... the poor can just struggle and make due with what the Church can give them, and the rich and powerful can live in castles and collect the fruits of their land and capital.
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