There is a big difference between HNWI and people with over 250K on their W2 form. The latter are the ones paying the high tax bills not the one's your attorneys are working with. Those getting the W2 are the ones making changes. Those HNWI have never been a huge tax paying group as you so correctly pointed out. My post was about high wage earners.

Originally Posted by cologal

No tax increase that I can see. The Bush Tax cuts were for a time limited period but now they will not be extended.

I see it as reversing the BUSH income redistribution of wealth.

This means nothing to me I don't make over $250,000 a year and the average Villager makes $81,000. (According to a recent article)

Lets fix the economy by fixing the middle class. We are the real engine of the economy.

*

The Tax Poem (wish I knew who to credit this to)

At first I thought this was funny...then I realized the awful
truth of it. Be sure to read all the way to the end.

--------------------------------------------------------------------------------


Tax his land, Tax his bed,
Tax the table at which he's fed.

Tax his tractor, Tax his mule,
Teach him taxes are the rule.

Tax his work, Tax his pay,
He works for peanuts; Anyway!

Tax his cow, Tax his goat,
Tax his pants, Tax his coat.

Taxhis ties, Tax his shirt,
Tax his work, Tax his dirt.

Tax his tobacco, Tax his drink,
Tax him if he tries to think.

Tax his cigars, Tax his beers ,
If he cries Tax his tears.

Tax his car, Tax his gas,
Find other ways to tax his ASS.

Tax all he has Then let him know
That you won't be done till he has no dough.

When he screams and hollers, tax him more,
Tax him till he's good and sore.

Then tax his coffin, Tax his grave,
Tax the sod in which he's laid.

Put these words upon his tomb,
'Taxes drove me to my doom...'

When he's gone, do not relax,
Its time to apply the inheritance tax.

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)

Fishing License Tax

Food

License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
SalesTax
Recreational Vehicle Tax;
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service FeeTax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

STILL THINK THIS IS FUNNY?

Not one of these taxes existed 100 years ago,

and our nation was the most prosperous in the world.

We had absolutely no national debt, had the largest

middleclass in the world, and Mom stayed home to raise the kids.
What happened? Can you spell 'politicians?'

I hope this goes around THE USA at least 100 times!!!
YOU can help it get there!!!

GO AHEAD - - -

*

Originally Posted by SteveZ

How do you legislatively solve greed and stupidity? That's the real housing crisis!

Producing products in the USA which are non-competitive gets us nowhere. We give most-favored-trading-status to communist/socialist countries who produce at one-twentieth the labor cost and don't tariff their products so that the American business can have a level business field. That's why we have a "jobs crisis" here.

We can continue to slam the previous administration for the debt level, but when most of that debt is due to the efforts to thwart terrorism and keep people safe. I say GOOD JOB! Going deeper into debt to subsidize special interests and trade pork for votes - that's counterproductive, as the stock market has shown all week long.

This statement is so far from the truth: but when most of that debt is due to the efforts to thwart terrorism and keep people safe. The Afghan war is about terrorism however the Iraq war was about getting even pure and simple. The American people were sold a bill of goods about imminent mushroom clouds and the Bush administration successfully linked 9/11 to Saddam. And when the dust settled NO nuclear program, NO WMD program and NO link to 9/11.

Yes I agree NAFTA was and is bad but just so you know I know...the Bush administration negotiated the bill and Clinton passed it.

We have 2 huge Ponzi schemes overseen by a completely ball-less SEC. Almost no regulation in the banking and housing mortgage markets.

But extending the Bush tax cuts, cutting corporate taxes to 0 and continuing to fight 2 wars is NOT going to get us out of this trouble.

No problemmo--- as long as we stay on the hockey stick curve of printing more and more money everything will work out... Right?

My attitude toward politicians of any party is greatly tainted. I get so upset that the parties cannot DIPLOMATICALLY agree on bills that benefit the country instead of a particular party. I agree that the stimulus bill has BAD areas. Why can't hey compromise and agree to amend bills that have PORK. We cannot continue to have our country government run this way. I don't balme one party over another. I BLAME THEM BOTH. What a travesty that political agendas come before the people that make the system work.

if you don't pay your mortgage and cry foul, I'm a victim.....the bailouts will take care of you.

If you are a high net worth person...you can afford the counselors to help you minimize or avoid paying taxes.

If you are a corporation with shelter corporations in the Bahamas you don't have to pay taxes either.

If you go to work every day....pay your mortgage....pay your taxes....holy
back into a corner as you are about to get screwed.

Why is it not a priority to go after those who are not....NOT....paying taxes????

The answer is pretty obvious I think. You have high net worth people in DC...POTUS/Congress/Senate/Supreme Court....gues who their constituency is....other high net worth individuals. They are lobbied by the wealthy corporations who contribute to their every whim so why would they want to do anything about them?

They know we the people will just sit out here and mutter to ourselves and do nothing as usual.

So if you have the money it is no problem....if you don't have the money it is even less of a problem.

Middle America...doing whats right....
bend over....we the people have obviously grown accustomed to being mauled.

We the people....the silent majority....you get what you deserve.....NOTHING.

btk