Not counting SS tax, sales tax.
But how do you account for lloyd blankfein?
Looks like he's just another "Wall street fat cat."
I'll bet on his way home he kicks kittens and puppies in the back of his limo.
I've asked this before, but I don't think anyone ever answered me.
Originally Posted by jim rozen
Question was~ if the top rate was in fact 70-80%, do those rich folks actually pay that much of a percentage of their wages?
I just can't see it. We wage earners pay tax on our adjusted gross income after a few meager deductions. That's it. What I pay percentage wise, I have no idea. I just pay it. 35% I would guess. There is enough left when they are done I still manage to scrape by.
I just can't see, for instance, Steve Jobs paying 75% of his income in income tax. No way. When all is said and done, he probably has no income to tax, although the garage he parks his car in would put my house to shame.....
"Question was~ if the top rate was in fact 70-80%, do those rich folks actually pay that much of a percentage of their wages?"
Eisenhower time, the top MARGINAL rate was 91%. No one paid 91% of their INCOME. IF they could not dick the Feds around, they DID pay 91% of every dollar over the lesser taxed amount.
Just as today all the Moguls here who make 40 grand cry about 35% top tax rate, all think THEY pay 35%. That ain't so.
We got what they call "brackets", steps in the Tax Schedule. You make this much, your tax is this much, 10%, say. You go 10 or so thou higher, you move into the next "bracket". Taxed 10% on the first say 15 thou, 15% on anything over that, till the next "bracket", where you go to the next "bracket".
It adds up, but you don't go to 35% of everything when you hit the 35% "bracket", only on the income AFTER you reach that level of income.
Steve Jobs doesn't take home a magnificent salary, to pay 35% on, just as Warren Buffett and Bill Gates don't. That's why Warren Buffett complained that he paid a lower RATE than his secretary, though both were paid 100 thou in salary. Both were in the 25%, I'd assume, "bracket", but Buffett could sell stock and pay 15% Capital Gains, effectively making his RATE lower than the secretary's .
"What I pay percentage wise, I have no idea. I just pay it. 35% I would guess."
If you have a total income under 100 thou, I doubt that you pay much more than 10%, Federal. Add State and Local, 15 to 18%, max.
Go look at your last year's 1040. THAT ain't hard to calculate.
"Cornilsn Yeah, pretty much zero. I made 31K last year (got my job in July, after graduating college) Got all but a few hundred back, and didn't even get gamey with my return."
I think they should have taxed you at 40%, so that you could "have some skin in the game". You mooched off the rest of us, making all that money in half a year. What, you gonna quit working after half a year so you don't have to pay taxes?
You gonna go against the grain, defy the richest of the rich, who make MILLIONS, and keep making MILLIONS, because, even if they had NO deductions, the get to KEEP 65% of every goddamned penny they make.
Taxes don't matter to rich people, and I don't mean they can get out of paying them, THEY know that every goddamned dollar they make is at LEAST 65 cents in their pocket. Dick with the IRS and maybe more.
Not a rich man in the world who will turn down a profit because he will have to pay taxes on it.
We have people in the 50 thou neighborhood who cry about paying too much in taxes, and they are pikers, here. The same who want the ultra rich to not be taxed, NOT you, cause you sure as hell ain't hem.
Protect the rich, Sarah told you to, she's one of them, now, you know, she wasn't when she was for that, so maybe she was kind of like some of you are, "I MIGHT be RICH someday."
Even as a conservative, I find this disturbing.
Disturbing Job Ads: 'The Unemployed Will Not Be Considered'
Anyone experienced this?
Looks good to me. Eventually everyone will be unemployed, and by those terms,
unemployable. Unemployment will then drop to zero, and american corporations
can produce full output with zero personel costs.
What a boon to the economy!!
Not sure who will be doing the work. Slaves probably.
So people living beyond their financial means or living under a false pretence of what "needs & wants" are not contributing factors?
Persons too lazy or thinking their personal worth is too much to do remedial jobs isn’t affecting it either?
And when did the meaning of being "Rich" souly reside with monetary means?
Im sorry but to many are quick to blame others before standing back and noticing the one person that has the most control of their life- themselves.
If I had to get a job shoveling shit to put food on the table, well then I guess I would be the best shoveler there was.
Do it or Dont, If not doing get the hell outta my way.
"If I had to get a job shoveling shit to put food on the table,"
Sorry, your application for shit-shovelling is not going to be
considered because you're currently unemployed, and we
have ten others who are currently employed applying for this
So your application will be dumped in the shit-bucket for
somebody *else* to shovel. Have a nice day.
Signed, HR director, ShiShoCo
(we're no. 1 in the no. 2 business)
As much as I got a laugh out of that Jim, I know its true. Refuseing someone a job based on the fact they currently unemployed is moronic, if not border line illegal. So I am going to hire someone only to open a postion in company B who will then do same to company C, only for company C to realize they don't really need to fill the position cause the boss read some book on how improve capital gain to increase his and holders dividends...
Hey that was a good one Jim,
So let's just say that there's two folks aplyin' for you Shit shovelin' position.
#1 is a journeyman S.S with 12 years in the trade. He got the Boot from Shit Intl. about 2 years ago. Since then he's collected unemployment and couldn't find anything in your fine city of 750,000.
#2 is also a journeyman S.S. with ten years on the job. He got layed off from Shitters Paradise 14 months ago. Since then he went on unemployment for a month, and found a job at Taco Bueno and has continued to work there gaining a manager's position. But still can't make enough to match the earlier S.S. deal he had.
Who do YOU hire?
That's not the point. You forgot to mention applicant #3 who has 19 years total shit shovelling experience (he got laid of for awhile there back in '91-'92). His long-time employer ShitDyne Global just went belly up after the CEO embezzled $150 million simoleons. No shit. He's been looking for two weeks now for a new gig.
But! He's unemployed. A bum in some eyes. What say you? Leave him on the figurative shit heap but not the literal one?
How's that not the point?
I was simply trying to use a little humor to put forward the question:
Is gumption worth anything anymore?
We ALL know that EVERY ceo is a shitheel who is screwing the secretary and kicking puppies in his spare time.....Christ, we've we've covered that, we get it.
The point made several posts above that Jim was alluding to was this suddenly vogue idea that the unemployed (regardless of circumstances) are now not welcome to apply. How do you distinguish between the newly unemployed and the habitual slacker?
That's the point.
My reply to you was to use humour also. Forget the CEO thing...ShitDyne was hamstrung in the last leveraged buy-out by an investment bank. (I have other left wing agenda causes that I can ascribe if you'd prefer.)
YOU DON'T KNOW JACK SCHITT!
This is the story of the saying "You don't know Jack Schitt!", which refers to the other party as not knowing anything about what they are speaking of.
Jack Schitt is the only son of O. Schitt.
O. Schitt, the fertilizer magnate, married Awe Schitt, who later ran the Kneedeep Inn-Schitt.
Jack Schitt eventually married Noe Schitt, and together they produced six children.
Holy Schitt, their first child, passed on shortly after birth. Next, came twin sons, Deep Schitt and Dip Schitt and then two daughters, Fulla Schitt and Giva Schitt. Their final child, another son, was named Bull Schitt.
In the meantime Deep Schitt married Dumb Schitt, a high school dropout.
Dip Schitt married Lotta Schitt and they had a son, Chicken Schitt.
Fulla Schitt and Giva Schitt married the Happens Brothers.
The Schitt-Happens children are Dawg Schitt, Bird Schitt and Horace Schitt.
Bull Schitt just married a spicy number, Pisa Schitt and they are expecting the arrival of Baby Schitt.
So now you know the full story of Jack Schitt and his family... just in case someone should ask.
Dont like reading?....here's the movie
"Is gumption worth anything anymore?"
It's a shame but the way companies seem to be run today, they don't
care about that. All they want to do is make money and you don't have
a track record of making money for them, they don't care about your
If you're not making money for somebody *right*now* then you're
strictly second-tier, or so it seems.
In short, no, and especially not if you are a young person.
Originally Posted by smalltime
I feel compelled to bitch about something that has irked me for a long while, before the economy tanked (2001-2002) when I was all of 16-17 and looking for a job, and couldn't get from any place with a "now hiring" sign save for doing telemarketing with a half-hour commute (which I did for 6 mos, having been employed then jumping ship worked great to boost myself to better jobs)
Not a single job until I was about 23 would take the things I said, and had references to prove I could do seriously. I am the epitome of the "farm-kid" attitude (not that I'm a hick, but farm raised, fixing tractors with my dad since I was 4, capable of a lot and eager to learn what I don't know). I'm now 25 and maintenance/IT supervisor at a ski hill, keeping a fleet worth over a million and a half dollars running every day. While the people I work for now understand what I'm capable of, when my wife and I move in the next year or two I'm concerned that the shit-kickers in HR at the companies I'll apply to can't be bothered to contact my references or previous employers to find out that I'm not bullshitting them on my resume (I only say this because I've asked all previous employers and references, and nobody has ever bothered to call a single one, in over a dozen different jobs I've held since I was 16).
One job was even willing to pay significant overtime to welders in other departments even after I urged my manager and team lead to let me prove I could weld for them (this place even certified in-house). At the time I was not getting overtime as a forklift driver and was getting paid less than half what the aluminum welders in my department of the company.
I'm sorry for your problems. I trully hope things turn around for you.
There are a couple of things I would ask about though:
Do you understand that a dozen jobs in such a short period COULD raise a few red flags?
Are you applying for machinists positions, if so how do you test?(when there are tests).
If you know welding, why not volunteer a couple hours a week as an unpaid intern and proove yourself to the foreman/leadperson?