Taxes
02-20-2019 | 08:44 AM
#181
Gets Weekends Off
Joined: Apr 2018
Posts: 4,110
Likes: 485
Its right on. 250ish is around top 5% and 500K is top 1%. While I realize most major airline US pilots don't make 500K, most are close or above the 250K especially if they want to be (bid soonest upgrade, WS/GS/LCA bid/etc). Regardless, how much of a defense against the proletariat wealth confiscators do you think will cover you when you say "but but but I'm only top 6%? LOL! Oh and as we rip open our borders to the entire impoverished world as a right for economic migrants, just for fun look up top 1% in the world. Its around 35K/year last time I checked. Your income level will garner zero sympathy from the Neo-Marxist agenda.
02-20-2019 | 08:59 AM
#182
Gets Weekends Off
Joined: Mar 2007
Posts: 3,215
Likes: 0
From: Capt
trickle down is an invented term by democrats during the reagan years as a scarecrow counter to tax cuts. One has to be pretty economically illiterate to not see the benefits in tax cuts.
the term "trickle-down" originated as a joke by humorist will rogers and today is often used to criticize economic policies which favor the wealthy or privileged while being framed as good for the average citizen. David stockman, who as ronald reagan's budget director championed reagan's tax cuts at first, later became critical of them...
the benefits to tax cuts are really great, if the tax cuts are massive and they are all given to the 0.1%...they will really benefit!
if someone likes high taxes and low national debt with the government doing everything for them, move to europe, see how that’s working out for them.
just read on this website about a us pilot, with a professional working wife who moved to denmark. They are both working in denmark, and are paying higher income tax. But, they discovered that their disposable income, per month and per year, is significantly higher than it was when they lived in the us. And, their kids will have zero debt when they finish college. If they stayed in their us, each one of their kids would have graduated college with student debt.
the term "trickle-down" originated as a joke by humorist will rogers and today is often used to criticize economic policies which favor the wealthy or privileged while being framed as good for the average citizen. David stockman, who as ronald reagan's budget director championed reagan's tax cuts at first, later became critical of them...
the benefits to tax cuts are really great, if the tax cuts are massive and they are all given to the 0.1%...they will really benefit!
if someone likes high taxes and low national debt with the government doing everything for them, move to europe, see how that’s working out for them.
just read on this website about a us pilot, with a professional working wife who moved to denmark. They are both working in denmark, and are paying higher income tax. But, they discovered that their disposable income, per month and per year, is significantly higher than it was when they lived in the us. And, their kids will have zero debt when they finish college. If they stayed in their us, each one of their kids would have graduated college with student debt.
02-20-2019 | 11:26 AM
#185
Gets Weekends Off
Joined: Jul 2014
Posts: 429
Likes: 0
Trickle down is an invented term by democrats during the Reagan years as a scarecrow counter to tax cuts. One has to be pretty economically illiterate to not see the benefits in tax cuts. If someone likes high taxes and low national debt with the government doing everything for them, move to Europe, see how that’s working out for them.
Trickle down economics example: you are in the lav taking a leak and the drunk next to you misses and pees on your leg: you have been trickled on. Otherwise, trickle down doesn't work. Tax cuts focused primarily toward the top don't necessarily increase revenues. You can't fight $2T wars without increased revenues to pay for them. Most nations in boom times work on big problems like infrastructure. We are working on cutting revenues while leaving problems in place. You need to at least collect the taxes due: we defund the IRS when fraud is rampant. As a start our split Gubmt needs to pick one thing fixable and work together to fix it. Both sides maybe need to compromise a little. I suggest Social Security would be a good place to start. I will agree on one thing: no one can say "NO" it doesn't matter who is elected they give away money to their electors. They need to stop that. JMO, OFG
02-20-2019 | 01:13 PM
#186
Gets Weekends Off
Joined: Apr 2007
Posts: 5,544
Likes: 510
That depends on how well you save and invest your top 1% income. Currently the 1% US Net Worth threshold is about $10 million. This is a very reachable target by retirement or sooner.
02-21-2019 | 08:43 AM
#187
Gets Weekends Off
Joined: Jul 2010
Posts: 12,823
Likes: 169
From: window seat
02-21-2019 | 08:46 AM
#188
Gets Weekends Off
Joined: Jul 2010
Posts: 12,823
Likes: 169
From: window seat
Anyone with "millions" to their name will be mercilessly scoured by future Marxonomics. Directly through pseudo ex post facto confiscation schemes and indirectly through means testing of other things like Soc Sec reductions etc. We are dirty, stinking, filthy rich to most of the "popular vote" and future politics are going to reflect that as long as we indulge in the fantasy of "democracy".
02-21-2019 | 09:00 AM
#189
Gets Weekends Off
Joined: Feb 2006
Posts: 6,248
Likes: 0
From: 767A (Ret)
02-21-2019 | 09:19 AM
#190
Gets Weekends Off
Joined: Apr 2011
Posts: 5,816
Likes: 5
From: retired 767(dl)
Thread
Thread Starter
Forum
Replies
Last Post
wannabepilot
Hangar Talk
0
04-25-2008 09:19 PM
