Toliet

You should submit this. Funny!

Too late lol

Lowest taxes in history. Especially for corporations who happen to be experiencing record profits. That's the problem. All our economic power is running uphill into the bank accounts of the people who are already the wealthiest.

I'm glad you understand.

Sam Walton only bought the best his money could buy.

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Capital gains are different than income; it's not fair to tax capital gains equally to income, unless you are able to offset losses the same amount and hold it against income.

Capital gains are only different bc we tax corporations as well. Since corps pass taxes on to consumers, eliminate the corp rate and tax cap gains as income.

On that, I completely agree; I've always believed in a strong progressive tax system with very low corp taxes.

Warren buffet's income rate averages 3%. Had you asked politely rather than attacking me I might have looked for a source for you.

Sorry bud, I meant it as a joke, no personal attacks meant at all! His taxes are much higher than that, here's a link on a good article http://www.forbes.com/sites/realspin/2013/10/23/warren-buffetts-actual-tax-rate-is-31-while-his-office-workers-pay-21/#273b119a5855

No problem. Jokes don't always translate over the Internet.

That article only counts "taxable income" which is kind of the point. His insurance companies and railroads get huge subsidies and write offs from the govt. that's why his taxable income is 'only' $40 million.

Fair enough; he does have some questionable practices, but he's still the most reasonable of all the ultra-rich. I love the man, but I think the whole UP/Keystone thing is BS.

Do the math (I have) you can tax the wealthiest 100 people in the US 100% of their new worth and it doesn't even make a dent in the debt. You need to come up with a better idea.

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Because the raising taxes on just the top 100 would not pay off the debt is not a valid reason for allowing them the unfair economic advantage of paying a lower effective tax rate than those who make 1/5000th as much as they do.

Taxing just the Forbes Top 400 at the same average effective federal tax rate as those who make 1/1000th-1/2000th as much as they do would bring in about $25billion$ a year, or $250 billion over a decade. In the 30+ years that we have cut taxes for the very wealthy that would have been, adjusted for inflation, $750 billion. That's JUST having the .0001% pay a fair share. Raising the taxes of the TOP 250,000 or so (those making over $1million a year) to a fair effective rate, say 35%, would bring in about $200+ billion more a year. In the 30+ years that we have cut taxes for the wealthy that would have been, adjusted for inflation, $6 trillion.

ROFL... as if that money were in the budget, it wouldn't have spent elsewhere and we wouldn't still be in the same bottomless pit.

net, not "new" #$%&^

Highest taxes? Look at thé 1950s.