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Thread: Socialism is in the air!

  1. #10

    Default Re: Socialism is in the air!

    Quote Originally Posted by Cyclone85 View Post
    T-W...that is true, except the drive-by media won't tell anyone. The Euros also lowered corporate tax rates to 20 to 25% and flattened the individual tax rates. Some countries went to a flat rate (may Russia, and several others) and tax revenues are exploding as a result. And yet -- in the United States, I can hear the distant drum beat of socialism and 'fair' taxes. We have the 2nd highest corporate tax in the world (35 to 39 percent), and a very progressive tax rate at the individual level. They want it more progressive.....
    I didnt even add in the socialist mayor of London who also got canned.

  2. #11

    Default Re: Socialism is in the air!

    Quote Originally Posted by Cyclone85 View Post
    T-W...that is true, except the drive-by media won't tell anyone. The Euros also lowered corporate tax rates to 20 to 25% and flattened the individual tax rates. Some countries went to a flat rate (may Russia, and several others) and tax revenues are exploding as a result. And yet -- in the United States, I can hear the distant drum beat of socialism and 'fair' taxes. We have the 2nd highest corporate tax in the world (35 to 39 percent), and a very progressive tax rate at the individual level. They want it more progressive.....
    Grab your wallet..... I think they're gonna get it.

  3. #12

    Default Re: Socialism is in the air!

    I wished there was a way to hide it. A guy could up his contribution to 401k/457/403b, etc., however, that could be a tax trap too. I can't remember which liberal in the U.S. senate said it, but he was alleged to have said that a 1-time excise tax upon retirement should be considered to bail out Medicare. The figure he mentioned was 15%.....

    So, I'm wondering out loud -- are these 401k/457/403bs.....a big huge tax trap?

    Quote Originally Posted by Tight-Waist View Post
    Grab your wallet..... I think they're gonna get it.

  4. #13

    Default Re: Socialism is in the air!

    Quote Originally Posted by Cyclone85 View Post
    I wished there was a way to hide it. A guy could up his contribution to 401k/457/403b, etc., however, that could be a tax trap too. I can't remember which liberal in the U.S. senate said it, but he was alleged to have said that a 1-time excise tax upon retirement should be considered to bail out Medicare. The figure he mentioned was 15%.....

    So, I'm wondering out loud -- are these 401k/457/403bs.....a big huge tax trap?
    Time will tell.

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