The Wow I Can't Believe That News Story Thread - Music Banter Music Banter

Go Back   Music Banter > Community Center > The Lounge > Current Events, Philosophy, & Religion
Register Blogging Today's Posts
Welcome to Music Banter Forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with over 70,000 other registered members. After you create your free account, you will be able to customize many options, you will have the full access to over 1,100,000 posts.

Reply
 
Thread Tools Display Modes
Old 09-25-2018, 10:27 PM   #13981 (permalink)
Certified H00d Classic
 
Anteater's Avatar
 
Join Date: Oct 2008
Location: Bernie Sanders's yacht
Posts: 6,129
Default

Quote:
Originally Posted by rostasi View Post
FDR proposed a 100% top tax rate which eventually became 94%,
so I don't know what you're going on about.
Did you see the phrase "top marginal tax rate" in anything I said?
__________________
Anteater's 21 Fav Albums Of 2020

Anteater's Daily Tune Roulette

Quote:
Originally Posted by OccultHawk
I was called upon by the muses for greatness.
Quote:
Originally Posted by Frownland
I'm bald, ja.
Anteater is offline   Reply With Quote
Old 09-25-2018, 10:29 PM   #13982 (permalink)
Certified H00d Classic
 
Anteater's Avatar
 
Join Date: Oct 2008
Location: Bernie Sanders's yacht
Posts: 6,129
Default

Quote:
Originally Posted by elphenor View Post
that's the marginal tax rate

meaning anything over 60k a year is taxed at 60%

which is an astronomical difference, however it's a common mistake

for a long period of US history we had a 90% marginal on income over 200k

but in both cases it's important to consider that nobody pays the top marginal rate straight up, deductions a plenty
Not really. That's a fairly low threshold. Deductions are overrated as well, which is why smaller businesses struggle to turn any kind of profit in those countries and eventually move to Ireland or wherever they aren't taxed to oblivion.

I had a professor way back when who said that one of the reasons we have so many loopholes and problems in our own tax code was because those marginal top rates were so high for such a long time so the rich got sneakier to find ways to skirt around them. He didn't blame FDR directly, but I think that might have been his underlying point.
__________________
Anteater's 21 Fav Albums Of 2020

Anteater's Daily Tune Roulette

Quote:
Originally Posted by OccultHawk
I was called upon by the muses for greatness.
Quote:
Originally Posted by Frownland
I'm bald, ja.

Last edited by Anteater; 09-25-2018 at 10:36 PM.
Anteater is offline   Reply With Quote
Old 09-25-2018, 10:38 PM   #13983 (permalink)
Certified H00d Classic
 
Anteater's Avatar
 
Join Date: Oct 2008
Location: Bernie Sanders's yacht
Posts: 6,129
Default

Quote:
Originally Posted by elphenor View Post
what do you mean not really

can you math
Sure. I make 60.1K or higher. Bye bye moneys. The end.
__________________
Anteater's 21 Fav Albums Of 2020

Anteater's Daily Tune Roulette

Quote:
Originally Posted by OccultHawk
I was called upon by the muses for greatness.
Quote:
Originally Posted by Frownland
I'm bald, ja.
Anteater is offline   Reply With Quote
Old 09-25-2018, 10:46 PM   #13984 (permalink)
Certified H00d Classic
 
Anteater's Avatar
 
Join Date: Oct 2008
Location: Bernie Sanders's yacht
Posts: 6,129
Default

Quote:
Originally Posted by elphenor View Post
this confirms you literally thought sweeds were paying over 30k in taxes on a 60k income

****ing hell
It's actually more than that overall when you add up other taxes (like the VAT taxes that those who own businesses have to figure out) for example. The only people who don't care are those who are A. in the public sector or B. happen to work somewhere where they also get an occupational pension on top of the whole state pension thing.
__________________
Anteater's 21 Fav Albums Of 2020

Anteater's Daily Tune Roulette

Quote:
Originally Posted by OccultHawk
I was called upon by the muses for greatness.
Quote:
Originally Posted by Frownland
I'm bald, ja.
Anteater is offline   Reply With Quote
Old 09-26-2018, 04:49 AM   #13985 (permalink)
Fck Ths Thngs
 
DwnWthVwls's Avatar
 
Join Date: May 2014
Location: NJ
Posts: 6,261
Default

Id love to have elph sit down with my friends who actually live in Sweden and have plenty to complain about. Id like to see the look on their faces when an American tells them they are wrong.
__________________
I don't got a god complex, you got a simple god...

Quote:
Originally Posted by elphenor View Post
I'd vote for Trump
DwnWthVwls is offline   Reply With Quote
Old 09-26-2018, 05:21 AM   #13986 (permalink)
Account Disabled
 
Join Date: Nov 2012
Location: The Black Country
Posts: 8,827
Default

Quote:
Originally Posted by DwnWthVwls View Post
Id love to have elph sit down with my friends who actually live in Sweden and have plenty to complain about. Id like to see the look on their faces when an American tells them they are wrong.
haha
Cuthbert is offline   Reply With Quote
Old 09-26-2018, 08:37 AM   #13987 (permalink)
.
 
Join Date: Aug 2012
Posts: 4,007
Default

Yeah, haha ... 🙈 my friends in Sweden and Norway and Germany and...

Look, this reminds me of the guy who has some problem that was a big inconvenience for him and complains in dramatic ways. “Oh, I had to wait months for my surgery in Canada, so the whole Canadian healthcare system is so broken...blah, blah, blah...” Please spare us.
rostasi is offline   Reply With Quote
Old 09-26-2018, 08:49 AM   #13988 (permalink)
Account Disabled
 
Join Date: Aug 2015
Location: Aalborg
Posts: 7,634
Default

Quote:
Originally Posted by Anteater View Post
If you make 60K a year or more in Denmark, you are taxed starting at 60% of your personal income, and Sweden is comparably high. Some people might be okay with that, but I never would be. I doubt FDR would have been either.

And that doesn't even touch upon VAT taxes that suck the life out of smaller businesses. Corporations do okay over there, but businesses below that threshold are miserable.
It's a welfare state. Every citizen enjoys the benefits of this. It's a thing we build together by paying high taxes. Rich, greedy pigs who don't like it can just piss off to Guatemala or something.
MicShazam is offline   Reply With Quote
Old 09-26-2018, 08:54 AM   #13989 (permalink)
Certified H00d Classic
 
Anteater's Avatar
 
Join Date: Oct 2008
Location: Bernie Sanders's yacht
Posts: 6,129
Default

Quote:
Originally Posted by MicShazam View Post
It's a welfare state. Every citizen enjoys the benefits of this. It's a thing we build together by paying high taxes. Rich, greedy pigs who don't like it can just piss off to Guatemala or something.
Lol. None of your non-health related insurance is covered by the state. So on top of high taxes, you pay for home insurance, the mortgage, utilities...plus it isn't as if food isn't just as expensive there as anywhere else. There are other misc. costs that add up as well.

Unless you are living in a ****ty apartment, your down to around 10K or less if you are particularly unlucky in a typical fiscal year. Is someone greedy for wanting to live above the poverty line?
__________________
Anteater's 21 Fav Albums Of 2020

Anteater's Daily Tune Roulette

Quote:
Originally Posted by OccultHawk
I was called upon by the muses for greatness.
Quote:
Originally Posted by Frownland
I'm bald, ja.
Anteater is offline   Reply With Quote
Old 09-26-2018, 09:00 AM   #13990 (permalink)
Account Disabled
 
Join Date: Aug 2015
Location: Aalborg
Posts: 7,634
Default

What health related insurance? If I drop in the street, I'm getting hospitalized free of charge. If I'm on vacation abroad and get hospitalized there, insurance comes into the picture.

I'm paid a monthly wage that's considered quite low. Sure, my apartment isn't the most expensive, but I'm really doing pretty ok financially. It's not that hard to earn a living and there's plenty of safety nets when you fail to make a living for yourself. You gotta try pretty damn hard if you wanna become homeless.

I just think this whining about taxes is really hard to listen to from those in my own country who both 1) earn a damn comfortable living and 2) enjoy all the benefits of a welfare society.

How much money does one person need anyway? Once you got that Porsche and a huge house and whatever, please stop whining that you can't earn even more without the slight obstacle of raised taxes.
MicShazam is offline   Reply With Quote
Reply


Similar Threads



© 2003-2024 Advameg, Inc.