tag:blogger.com,1999:blog-7895164153505105997.post5465505624721930982..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: Mom Pays More Taxes Than Bankers!Bud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7895164153505105997.post-85417320123177379432011-11-28T15:14:15.395-08:002011-11-28T15:14:15.395-08:00CEOs only “earn” bonuses when their company “perfo...CEOs only “earn” bonuses when their company “performs.” One measure of that performance: “earnings per share,” or company income divided by outstanding shares of stock. Execs have figured out they don't have to boost earnings to hit their per-share targets. They simply reduce the number of company shares — by having their companies “buy back” shares of their own stock off the open market. U.S. corporations overall have so far this year authorized $445 billion worth of buybacks.Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-14192682349424747822011-11-25T19:23:14.937-08:002011-11-25T19:23:14.937-08:00Thanks Bud...and thanks for continuing with the th...Thanks Bud...and thanks for continuing with the theme covering the tax subject...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-70480306690229915082011-11-24T13:08:32.376-08:002011-11-24T13:08:32.376-08:00Mitch: You'll find links in my articles and ar...Mitch: You'll find links in my articles and articles with links to other articles; sometimes to reports based on studies, sometimes to the reports and studies themselves (from the Bureau Labor Statistics, U.S. Treasury, IRS, think tanks, tax foundations, etc), They are numerous - and if you Google "capital gains taxes", it brings up almost 12 million results. The topic became especially controversial since the Bush tax cuts and after the recession began.Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-19654368076453321682011-11-24T08:40:31.433-08:002011-11-24T08:40:31.433-08:00Bud:
Excellent series of posts regarding our tax s...Bud:<br />Excellent series of posts regarding our tax system…I’ve just begun reading through the series so still have more et to read.<br />Something you point out in “You pay Hidden Entitlements for the Rich” brought to light something I had not understood before and now comprehend in a more profound way how Buffet can pay less in taxes than in staff:<br />Unlike regular working people, the very affluent (the ultra-wealthy) aren't paid a wage or salary, who is then obligated to pay 35% of their earnings in federal income taxes (the highest marginal rate). The ultra-wealthy primarily earn their most of their money with stocks and bonds, and then they pay a capital gains tax of only 15% - - the same exact tax rate as someone who only earns $8,500 a year (which equates to $4.09 an hour if they work 40 hours a week).<br /><br />Do you have any stats on the percentage of the ultra-wealthy income structures are set up as you have outlined?<br /><br />MitchAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-50283109090403906512011-11-23T19:32:06.591-08:002011-11-23T19:32:06.591-08:00The tax brackets and income tax rates could remain...The tax brackets and income tax rates could remain the same, just tax all capital gains and dividends as regular income.<br /><br />For corporations, the tax bracket could be lower but only if ALL loopholes were eliminated, so they pay the ACTUAL tax rate, and not an "EFFECTIVE RATE".Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com