About
Contact
Advertise

Facebook
Twitter

November 13, 2015 8:00am by Kokila Patel

General Debate 13 November 2015

Email
Facebook
Twitter
Comment245

Uncategorized
General Debate

Comments (245)

Login to comment or vote

starboard

Shame they didn’t all drown , feral pond scum

http://www.stuff.co.nz/national/crime/74025515/mongrel-mob-crash-survivor-forced-to-dogpaddle-to-safety
3 3
Log in to Reply
Report
November 13, 2015 8:51pm
stephieboy

Fletch, the Tax foundations complex tables and effects is refuted here , ( but do walk me through your link bit by bit) that rejects the following )

3. In fact, the wealthy are paying less taxes.
The Internal Revenue Service issues an annual report on the 400 highest income-tax payers. In 1961, there were 398 taxpayers who made $1 million or more, so I compared their income tax burdens from that year to 2007.
Despite skyrocketing incomes, the federal tax burden on the richest 400 has been slashed, thanks to a variety of loopholes, allowable deductions and other tools. The actual share of their income paid in taxes, according to the IRS, is 16.6 percent. Adding payroll taxes barely nudges that number.
Compare that to the vast majority of Americans, whose share of their income going to federal taxes increased from 13.1 percent in 1961 to 22.5 percent in 2007.
(By the way, during seven of the eight George W. Bush years, the IRS report on the top 400 taxpayers was labeled a state secret, a policy that the Obama administration overturned almost instantly after his inauguration.)

4. Many of the very richest pay no current income taxes at all.
John Paulson, the most successful hedge-fund manager of all, bet against the mortgage market one year and then bet with Glenn Beck in the gold market the next. Paulson made himself $9 billion in fees in just two years. His current tax bill on that $9 billion? Zero.
Congress lets hedge-fund managers earn all they can now and pay their taxes years from now.
In 2007, Congress debated whether hedge-fund managers should pay the top tax rate that applies to wages, bonuses and other compensation for their labors, which is 35 percent. That tax rate starts at about $300,000 of taxable income—not even pocket change to Paulson, but almost 12 years of gross pay to the median-wage worker.
The Republicans and a key Democrat, Sen. Charles Schumer of New York, fought to keep the tax rate on hedge-fund managers at 15 percent, arguing that the profits from hedge funds should be considered capital gains, not ordinary income, which got a lot of attention in the news.
What the news media missed is that hedge-fund managers don’t even pay 15 percent. At least, not currently. So long as they leave their money, known as “carried interest,” in the hedge fund, their taxes are deferred. They only pay taxes when they cash out, which could be decades from now for younger managers. How do these hedge-fund managers get money in the meantime? By borrowing against the carried interest, often at absurdly low rates—currently about 2 percent.
Lots of other people live tax-free, too. I have Donald Trump’s tax records for four years early in his career. He paid no taxes for two of those years. Big real-estate investors enjoy tax-free living under a 1993 law President Clinton signed. It lets “professional” real-estate investors use paper losses like depreciation on their buildings against any cash income, even if they end up with negative incomes like Trump.
Frank and Jamie McCourt, who own the Los Angeles Dodgers, have not paid any income taxes since at least 2004, their divorce case revealed. Yet they spent $45 million one year alone. How? They just borrowed against Dodger ticket revenue and other assets. To the IRS, they look like paupers.
In Wisconsin, Terrence Wall, who unsuccessfully sought the Republican nomination for U.S. Senate in 2010, paid no income taxes on as much as $14 million of recent income, his disclosure forms showed. Asked about his living tax-free while working people pay taxes, he had a simple response: Everyone should pay less.

5. And (surprise!) since Reagan, only the wealthy have gained significant income.
The Heritage Foundation, the Cato Institute and similar conservative marketing organizations tell us relentlessly that lower tax rates will make us all better off.
“When tax rates are reduced, the economy’s growth rate improves and living standards increase,” according to Daniel J. Mitchell, an economist at Heritage until he joined Cato. He says that supply-side economics is “the simple notion that lower tax rates will boost work, saving, investment and entrepreneurship.”
When Reagan was elected president, the top marginal tax rate (the tax rate paid on the last dollar of income earned) was 70 percent. He cut it to 50 percent and then 28 percent starting in 1987. It was raised by George H.W. Bush and Clinton, and then cut by George W. Bush. The top rate is now 35 percent.
Since 1980, when Reagan won the presidency promising prosperity through tax cuts, the average income of the vast majority—the bottom 90 percent of Americans—has increased a meager $303, or 1 percent. Put another way, for each dollar people in the vast majority made in 1980, in 2008 their income was up to $1.01.
Those at the top did better. The top 1 percent’s average income more than doubled to $1.1 million, according to an analysis of tax data by economists Thomas Piketty and Emmanuel Saez. The really rich, the top one-tenth of 1 percent, each enjoyed almost $4 in 2008 for each dollar in 1980.
The top 300,000 Americans now enjoy almost as much income as the bottom 150 million, the data show…. ”

http://www.wweek.com/portland/article-17350-9_things_the_rich_dont_want_you_to_know_about_taxes.html
2 6
Log in to Reply
Report
November 13, 2015 8:54pm
Gabby

Why so curious Awww Cwawwwk? Maybe I’m undercover testing the level of loyalty of the Bronies. Just tugging their tails and seeing what drops out.
0 3
Log in to Reply
Report
November 13, 2015 8:56pm
Awww C-mon

Shite, 150m down a cliff and swim to safety! Maybe I should get a Honda! I had assumed he had somehow got out of the car before the descent
1 0
Log in to Reply
Report
November 13, 2015 8:56pm
Awww C-mon

http://m.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11544979

Thoughts on this fuck-knuckle then Starboard?
3 0
Log in to Reply
Report
November 13, 2015 8:59pm
starboard

Stiffyboy..the ultimate in copy and paste.
3 3
Log in to Reply
Report
November 13, 2015 8:59pm
Awww C-mon

@Gabby. Hhmmm I would have thought after a tail tugging you would have dropped out.

Thanks for the answer all the same.
1 0
Log in to Reply
Report
November 13, 2015 9:00pm
dad4justice

Dam it that the mighty mongrel mob member learnt how too dogpaddle at the local doggy park
2 3
Log in to Reply
Report
November 13, 2015 9:01pm
starboard

10K’s a lot of sausage. Fits the crime. On ya way Doctor, keep ya nose clean.
3 1
Log in to Reply
Report
November 13, 2015 9:01pm
EAD

A despicable witchunt over a mere “retweet”.

http://www.dailymail.co.uk/news/article-3316442/SNP-forced-apologise-race-hate-row.html

“If you want to learn who rules over you, first learn whom you’re not allowed to crticise” – Voltaire
2 1
Log in to Reply
Report
November 13, 2015 9:04pm
Awww C-mon

2 in a week, it’s a bit of coin and a lot of luck I would have thought
1 0
Log in to Reply
Report
November 13, 2015 9:05pm
stephieboy

starboard, the biggest C & P ? Quite possibly but maybe you would like to try and explain the unfairness or otherwise of the US tax sytem in a nutshell ?
0 4
Log in to Reply
Report
November 13, 2015 9:08pm
mikenmild

Well, no surprises that EAD would see no harm in distributing an anti-Jewish cartoon. How would your preferred national socialist government counter this Jewish propaganda, EAD?
3 4
Log in to Reply
Report
November 13, 2015 9:09pm
Awww C-mon

@ the stranded

“14 November is another Nationwide Day of Action against the TPPA!”

Shame I will be working and can’t go and protest their stupid protest!! Fucking losers posted today, great organisation skills too
3 0
Log in to Reply
Report
November 13, 2015 9:18pm
stephieboy

EAD, Voltaire quote? Irony from someone so enlightended and open minded that he utterly detested and loathed jews
3 3
Log in to Reply
Report
November 13, 2015 9:20pm
Awww C-mon

Penny Bright
13 November 2015
In terms of the potential impact on New Zealand, in my view, the TPPA has far more significant implications than the 1981 Springbok Tour?

I strongly urge as many people as possible STAND UP – on the streets – to be counted, against the TPPA, which has NOT yet been signed!

Penny Bright

(Named as a ‘subversive’ in Muldoon’s SIS of 1981 Springbok Tour activists).

Named as a ‘joke’ in 2015.. Oh how the mighty have fallen
8 0
Log in to Reply
Report
November 13, 2015 9:22pm
starboard

Dont get me started on the US tax system stiffy..why?

Because I know nothing about it.
1 2
Log in to Reply
Report
November 13, 2015 9:27pm
starboard

oohh look..the mighty sickly liberal downticker milkybar has risen
1 3
Log in to Reply
Report
November 13, 2015 9:29pm
mikenmild

Not knowing anything about anything else has never stopped you before, starboard.
1 0
Log in to Reply
Report
November 13, 2015 9:29pm
starboard

Home early from ya glory holing MM..feeling a bit reamed out are we ?
2 3
Log in to Reply
Report
November 13, 2015 9:31pm
Manolo

Is stephieboy mourning the passing of that Muslim icon Jihadi John? Tears of sadness rolling down his cheeks?
4 1
Log in to Reply
Report
November 13, 2015 9:31pm
Shunda barunda

I never thought i’d say this, but these individual caramel latte mix coffee thingys are actually pretty good.

Maybe I am turning GAY
4 0
Log in to Reply
Report
November 13, 2015 9:33pm
Manolo

The GOP establishment looks for a way out:
https://www.washingtonpost.com/politics/time-for-gop-panic-establishment-worried-carson-and-trump-might-win/2015/11/12/38ea88a6-895b-11e5-be8b-1ae2e4f50f76_story.html

Less than three months before the kickoff Iowa caucuses, there is growing anxiety bordering on panic among Republican elites about the dominance and durability of Donald Trump and Ben Carson and widespread bewilderment over how to defeat them.
4 0
Log in to Reply
Report
November 13, 2015 9:33pm
dad4justice

I pray you are not turning gay Shundra.
1 3
Log in to Reply
Report
November 13, 2015 9:34pm
mikenmild

Perhaps you could tell us about this ‘glory holing’, starboard. It’s not a term with which I am familiar.
2 4
Log in to Reply
Report
November 13, 2015 9:34pm
Manolo

@Shunda barunda: How come has your taste deteriorated that much? 🙂
2 0
Log in to Reply
Report
November 13, 2015 9:34pm
Shunda barunda

I pray you are not turning gay Shundra.

But dad, it’s a latte! I was always a staunch “normal” coffee drinker……..hmmm
3 1
Log in to Reply
Report
November 13, 2015 9:36pm
Shunda barunda

@Shunda barunda: How come has your taste deteriorated that much?

I don’t know 🙁
0 0
Log in to Reply
Report
November 13, 2015 9:37pm
Longknives

C’mon D4J!
Surely you’d ‘Turn’ for your beloved Richie??
2 0
Log in to Reply
Report
November 13, 2015 9:38pm
Manolo

Two big time crooks:
http://thehill.com/blogs/ballot-box/presidential-races/260009-sister-souljah-hillary-reminds-me-of-the-slave-plantation

“She reminds me too much of the slave plantation white wife of the white ‘master,’ ” Souljah said, according to Time.
2 0
Log in to Reply
Report
November 13, 2015 9:38pm
nasska

Treat it as one small baby step out of the closet Shunda. 🙂
3 0
Log in to Reply
Report
November 13, 2015 9:38pm
dad4justice

” I was always a staunch “normal” coffee drinker ”

What is normal these days Shunda? My gay fan club are not normal are they?
2 3
Log in to Reply
Report
November 13, 2015 9:40pm
Manolo

High chance the animal is dead. KB’s resident Muslim and multiculturalist will be weeping:
http://www.telegraph.co.uk/news/worldnews/islamic-state/11992668/jihadi-john-targeted-by-US-drone-strike-in-Syria.html

US official claims Islamic State jihadi ‘eviscerated’ as he left a building in Raqqa in a ‘clean hit’ drone strike as Pentagon try to get confirmation Mohammed Emwazi is dead.
5 0
Log in to Reply
Report
November 13, 2015 9:44pm
nasska

Get off it Dad!

You’ve been cocked more times than Elmer Fudd’s shotgun. 🙂
5 0
Log in to Reply
Report
November 13, 2015 9:45pm
Shunda barunda

What is normal these days Shunda? My gay fan club are not normal are they?

Haha!! I guess not, I bet they drink ACTUAL lattes made in cafe’s

Poofs
3 1
Log in to Reply
Report
November 13, 2015 9:46pm
stephieboy

Manolo, just contine to keep us updated with a progress score on your personal holy crusade against islam .Not others’ apparent scores !
0 5
Log in to Reply
Report
November 13, 2015 9:47pm
mikenmild

Pumpkin spice latte for me, please.
3 2
Log in to Reply
Report
November 13, 2015 9:47pm
Longknives

Surely at least a cheeky ‘Reach-around’ in the Glider??..
2 0
Log in to Reply
Report
November 13, 2015 9:49pm
dad4justice

Once a homosexual you must do the Clint Heine identity eh Longblouse? Unreal fixation you have.
0 4
Log in to Reply
Report
November 13, 2015 9:55pm
Longknives

Yeah Umm..Whoever you want me to be D4J you twisted,kinky old fuck..
4 0
Log in to Reply
Report
November 13, 2015 9:56pm
Manolo

@stephieboy: No kidding, was Jihadi John one of your personal heroes?:
http://www.dailymail.co.uk/news/article-3316497/Has-Jihadi-John-killed-drone-strike-Officials-claim-British-ISIS-fanatic-targeted-Raqqa.html

Jihadi John, is believed to have been killed in a US drone strike in Syria. Pentagon officials say they are ‘99%’ sure they have assassinated British Islamic State executioner Mohammed Emwazi in the terror group’s capital of Raqqa.

The 27-year-old from London, who became the face of ISIS in their sickening beheading videos of Western hostages including two British aid workers, was ‘evaporated’ by a missile as he climbed into a vehicle.
5 0
Log in to Reply
Report
November 13, 2015 9:58pm
dad4justice

Just for you bb.
http://amptoons.com/blog/2007/07/10/right-wing-blogger-says-feminist-should-be-fixed-by-being-raped/
1 4
Log in to Reply
Report
November 13, 2015 10:00pm
stephieboy

Manolo, since you loath and detest all Muslims ( inluding those fighting ISISS ) I just wonder what the death of another one could possibly ever mean to you ?
0 7
Log in to Reply
Report
November 13, 2015 10:14pm
Longknives

“since you loath and detest all Muslims ( inluding those fighting ISISS )..”

There are Muslims fighting ISIS??
Shit I thought they were all bolting like the pathetic cowards they are into Europe…
3 2
Log in to Reply
Report
November 13, 2015 10:18pm
Manolo

To stephieboy’s despair and dismay:
http://www.theguardian.com/uk-news/2015/nov/13/us-officials-reasonably-certain-that-raqqa-strike-killed-mohammed-emwazi

US officials say they are “reasonably confident” that a drone strike killed the Islamic State executioner Mohammed Emwazi, describing the British militant as a “human animal”.
2 1
Log in to Reply
Report
November 14, 2015 7:41am

More comments:

‹
1
2
3

Add a Comment Cancel reply

Login to comment or vote

« Is Kia Ora Gaza a hate group?

Why Christchurch City Council should sell down it’s airport shares »

Donations

You can now donate to Kiwiblog

Exclusive content from DPF on Patreon

Become a Patron!

Never miss a post

Email Address

Join 37.4K other subscribers

Highlights

Health Target 5 – elective treatments
Health Target 4 – Specialist appointments
Health Target 3 – Emergency Dept Waiting Times
Health Target 2 – Immunisations

Links

Justice in Brazil
No Right Turn
The Presidential Bicameral Adjournment Clause Is Almost An American Equivalent to Prorogation
Utopia
"Seymour is only doing openly what M?ori nationalists and their Pakeha allies have been doing, quietly for the past 50 years."
Not PC
This Weeks Email To Prime Minister Luxon.
No Minister
Daily review 22/11/2024
The Standard
More young offenders will get boot camp, bus drivers will get some protection – and there’s relief for southern farmers
Point of Order
Sowell says
Hompaddock
New Zealand government urged to back ICC arrest warrants for Israeli leaders without equivocation
The Daily Blog
The transgender agenda sunk Kamala
Bob McCoskrie's McBlog
SETTING THE RECORD STRAIGHT
No Punches Pulled (Bob Jones)
What does “reciprocity” mean in New Zealand laws?
Croaking Cassandra
A Day of Reckoning
NZCPR
Media Link: “A View from Afar” on the US elections.
Kiwipolitico
This will not end well
Offsetting Behaviour
Top 14 Predictions for Round 10
Stats Chat
Tory Whanau may have to sell Wellington mayoralty to make ends meet
The Civilian
The Accidental Engagement
Imperator Fish
Legal Beagle: Election '23: The Special Votes
Public Address
Making this movie might have been a mistake
Liam Hehir
Why I am retiring from political blogging
Kiwi FireWalker
Angie Warren-Clark: Meet the Newbies
Dan Moskovitz

editor@kiwiblog.co.nz

PO Box 12270, Thorndon, Wellington 6144

Facebook
Twitter
FourSquare
Instagram
LinkedIn
Google+

Archives
Disclosure Statement
Editorial Policy
Privacy Policy
Complaints Policy
Comments Policy

Design by cre8d