Royce White Doesn’t Mind Paying Taxes, Thinks Both Candidates Campaigned Hard

All, NBA, Politics, Twitter Stephen Douglas November 7th. 2012, 2:05pm

As a millionaire I don’t mind paying more taxes… Just a thought. @barackobama and @mittromney both ran great campaigns, only one can win.
— Royce White (@Highway_30) November 7, 2012

Royce White has yet to play a game in his NBA career, but he’s already considering himself a millionaire. White, the 16th pick in the draft will make $1,645,440 this season, but he’s already preparing himself to pay those higher taxes. With that in mind, I’m not 100% certain who White voted for. Either way, he was just happy that both candidates came to compete. Both ran great campaigns. Somebody has to win. Somebody has to lose. Players learn cliches at such a young age these days.

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113 Responses to “Royce White Doesn’t Mind Paying Taxes, Thinks Both Candidates Campaigned Hard”

1
jayhawk88 Says:
November 7th, 2012 at 2:08 PM
Some shady real estate developer in Houston is walking around with a 24 hour erection, thinking about all the money he’s going to make off Royce White.
2
roastbeast Says:
November 7th, 2012 at 2:08 PM
that leg behind natalie is the yin to her yang
3
roastbeast Says:
November 7th, 2012 at 2:09 PM
jayhawk, teams play Broke at rookie initiation now
4
The Wayne Fontes Safari Says:
November 7th, 2012 at 2:10 PM
Jayson Williams, on the other hand, does mind paying taxis.
5
GloriousMullet Says:
November 7th, 2012 at 2:10 PM
Cool story
6
VladimirCrouton Says:
November 7th, 2012 at 2:13 PM
Jayson Williams, on the other hand, does mind paying taxis.
Patrick Kane. Jayson Williams killed a Limo driver.
7
spencer096 Says:
November 7th, 2012 at 2:14 PM
i like the cut of this guy’s jib.
8
ms621 Says:
November 7th, 2012 at 2:19 PM
that leg behind natalie is the yin to her yang
It’s quite jarring.
9
roastbeast Says:
November 7th, 2012 at 2:20 PM
isn’t this the guy with some sort of mental challenge, like fear of flying or bipolar?
10
St. Bear Says:
November 7th, 2012 at 2:23 PM
Easiest way to pay less taxes is to make less money.
11
Babar 2.0 Says:
November 7th, 2012 at 2:23 PM
that leg behind natalie is the yin to her yang
#hookem
12
sousedbergin Says:
November 7th, 2012 at 2:24 PM
isn’t this the guy with some sort of mental challenge, like fear of flying or bipolar?
Nothing some vitamins and isolation couldn’t fix.
/Duffy Cruise
//If you disagree you are glib
13
roastbeast Says:
November 7th, 2012 at 2:25 PM
i’m Barry Glib
14
Cowboy Mike's Old Original Red Hot Ricochet Barbeque Sauce Says:
November 7th, 2012 at 2:26 PM
This boy disgusts me.
- MikeNYC
15
roastbeast Says:
November 7th, 2012 at 2:27 PM
#hookem
rip darrel royal
/where’s that post?
//sad, death, college football, tebow used to play college football, lebron was a good receiver, tiger has played at the valero open which is in texas
16
Mike NYC Says:
November 7th, 2012 at 2:28 PM
Let’s pretend White played in NYC. Let’s also pretend for the sake of simplicity that he has no pre-tax deductions. His salary would then look, roughly, like this:
$1,645,440
———-
- $550,000 (federal income tax)
- $140,000 (state/city tax)
- &75,000 (SS tax)
- $25,000 (Medicare)
So now he’s down to $855,440.
A full 48% of his money has gone to the government.
He’s not paying his fair share, though.
17
sousedbergin Says:
November 7th, 2012 at 2:30 PM
So now he’s down to $855,440.
A full 48% of his money has gone to the government.
He’s not paying his fair share, though.
Shit now he’s not going to hire a butler, fucking taxes killing jobs.
18
spencer096 Says:
November 7th, 2012 at 2:31 PM
He’s not paying his fair share, though.
to be honest, he’s really not…he’s a fucking athlete, not a teacher, soldier, fireman, etc.
we should progressively tax athletes, entertainers, musicians, gourmet cupcake store owners, etc like crazy. a) they don’t really contribute much to society, b) it weeds out the glory boys/divas only in it for the money. win win. survival of the fittest, not the richest.
19
ms621 Says:
November 7th, 2012 at 2:31 PM
So now he’s down to $855,440.
How will he ever live.
20
Babar 2.0 Says:
November 7th, 2012 at 2:31 PM
Let’s pretend White played in NYC.
Oooh…oooh…do Houston next.
21
VladimirCrouton Says:
November 7th, 2012 at 2:31 PM
He’s not paying his fair share, though.
Someone has to pay for the food, housing, booze, phone, medical and happiness of the less fortunate.
22
ms621 Says:
November 7th, 2012 at 2:33 PM
Oooh…oooh…do Houston next.
No state income tax here. Sales tax is the primary means of revenue in Texas and it’s been at 8.25% for at least 10 or 12 years.
23
GloriousMullet Says:
November 7th, 2012 at 2:34 PM
So now he’s down to $855,440.
That’ll buy a shit ton of Newports….. or Kools, whichever you prefer.
24
ms621 Says:
November 7th, 2012 at 2:35 PM
I sense this is about to become a political slap fight, so let me interject the following:

Boobs.
NSFW
25
Mike NYC Says:
November 7th, 2012 at 2:36 PM
How will he ever live.
This is your argument?
How will he ever live on $100,00? We can then tax him 95% and he’ll be fine.
to be honest, he’s really not…he’s a fucking athlete, not a teacher, soldier, fireman, etc.
He is an athlete that is part of a group of people that fund multi-billion dollar professional sports leagues that are responsible for creating an untold number of associated jobs, earning an insane amount of revenue, and contributing a criminal amount of tax dollars.
The great irony is that the money that you crave to run your government programs are funded by people like him, not teachers.
26
The Wayne Fontes Safari Says:
November 7th, 2012 at 2:36 PM
So now he’s down to $855,440.
- $200,000 (agent)
- $245,312 (“bling”)
- $10,315 (tats)
- $2345 (killer headphones)
27
HtownHacker Says:
November 7th, 2012 at 2:36 PM
Oooh…oooh…do Houston next.
Lop off the 140K in state and city income taxes as we don’t have them.
And Queefer says NY taxes are too low…
28
sousedbergin Says:
November 7th, 2012 at 2:37 PM
This is where Mike NYC’s tax dollars go and it is glorious.
29
Der Kaiser Says:
November 7th, 2012 at 2:38 PM
You guys consistently bring the funny. Nice job.
30
HakeemtheDream Says:
November 7th, 2012 at 2:38 PM
we should progressively tax athletes, entertainers, musicians, gourmet cupcake store owners, etc like crazy. a) they don’t really contribute much to society, b) it weeds out the glory boys/divas only in it for the money
Jesus that will be a boring society.
31
ms621 Says:
November 7th, 2012 at 2:38 PM
This is your argument?
Yes it is. See I make considerably less than that so losing part of each paycheck to taxes hurts me far more than him. That doesn’t make me not want to earn more or disdain the salary that I have though and I live on what I make just fine.
Do I really need another argument beyond that?
32
spencer096 Says:
November 7th, 2012 at 2:38 PM
The great irony is that the money that you crave to run your government programs are funded by people like him, not teachers.
im not hating on the government…im hating on stupid people spending more money on recreation than important things like education, civil projects and healthcare.
much better to spend $3.4 billion to protect ourselves from soviet ICBM’s and a two-ocean navy just in case the spanish armada comes back and starts fucking with our exports.
33
starkweather Says:
November 7th, 2012 at 2:39 PM
A full 48% of his money has gone to the government.
He’s not paying his fair share, though.
The bogeyman “government” always makes me laugh. That poor bastard is paying for roads and firemen and military spending and public schools and libraries and policemen, et al, while us haughty 47% use these services for pure profit.
/goes to bank to deposit $0 in taxes
34
HawkEye Says:
November 7th, 2012 at 2:39 PM
I sense this is about to become a political slap fight, so let me interject the following:
Boobs.
NSFW
Nice ones at that
35
starkweather Says:
November 7th, 2012 at 2:40 PM
The great irony is that the money that you crave to run your government programs are funded by people like him, not teachers.
I’m not sure that qualifies as irony.
36
ms621 Says:
November 7th, 2012 at 2:42 PM
I’m also quite happy, Mike, that my property taxes go towards funding schools. If they didn’t and fewer and shittier schools existed because of it, those kids who would otherwise be in them would instead be breaking into my house and stealing my shit, which would certainly lower my property value more if that continued to happen. So you can see that paying taxes is an investment in you individual well being and even wealth.
/about to sell our condo for $30k more than we paid for it
37
Babar 2.0 Says:
November 7th, 2012 at 2:44 PM
/about to sell our condo for $30k more than we paid for it
Always bet on black.
/assuming you are going to Vegas to further your investment
38
Cowboy Mike's Old Original Red Hot Ricochet Barbeque Sauce Says:
November 7th, 2012 at 2:44 PM
Remember when Stern said that if the citizens of Houston didn’t approve stadium funding that the Rockets were free to bail on the city? Those benevolent sports leagues, so caring.
39
roastbeast Says:
November 7th, 2012 at 2:44 PM
I sense this is about to become a political slap fight, so let me interject the following:
Boobs.
NSFW
those’ll do. in fact, they are perfect
a warning though. do not click past her to priscilla salerno. jarring juxtaposition from perfection to tramp stamp oldface
40
spencer096 Says:
November 7th, 2012 at 2:45 PM
Remember when Stern said that if the citizens of Houston didn’t approve stadium funding that the Rockets were free to bail on the city? Those benevolent sports leagues, so caring.
i remember when the citizens of cleveland agreed to pay more taxes to keep the browns around, ultimately, in vain.
41
ms621 Says:
November 7th, 2012 at 2:46 PM
/assuming you are going to Vegas to further your investment
Well naturally.
42
ms621 Says:
November 7th, 2012 at 2:46 PM
a warning though. do not click past her to priscilla salerno. jarring juxtaposition from perfection to tramp stamp oldface
I already made that mistake. I’d never seen a topless Italian gargoyle before.
43
knifeyspoony Says:
November 7th, 2012 at 2:46 PM
He is an athlete that is part of a group of people that fund multi-billion dollar professional sports leagues that are responsible for creating an untold number of associated jobs, earning an insane amount of revenue, and contributing a criminal amount of tax dollars.
considering they play in palaces that are paid for with a criminal amount of tax dollars…
44
ms621 Says:
November 7th, 2012 at 2:47 PM
i remember when the citizens of cleveland agreed to pay more taxes to keep the browns around, ultimately, in vain.
I remember Bud Adams.
/fuck Bud Adams
45
Babar 2.0 Says:
November 7th, 2012 at 2:47 PM
Whatever happened to the bums being allowed to sleep in the new Miami Marlins stadium?
46
Mike NYC Says:
November 7th, 2012 at 2:48 PM
See I make considerably less than that so losing part of each paycheck to taxes hurts me far more than him.
I am not saying you should be paying a 48% effective sum rate. I’m all for the “progressive” tax code, to a certain extent.
What I am saying is that the whole “they’re not paying their fair share” mantra that has infected the Democratic Party is 100% pure, unadulterated bullshit. Just look at the numbers.
47
sousedbergin Says:
November 7th, 2012 at 2:49 PM
One of these two statements can’t be true:
The rich is paying too much in taxes in America
American election spending was $2 billion
48
roastbeast Says:
November 7th, 2012 at 2:50 PM
we have found soused and he is as i imagined
49
Mike NYC Says:
November 7th, 2012 at 2:52 PM
considering they play in palaces that are paid for with a criminal amount of tax dollars…
They are not “paid for” with public dollars, they are financed with them — with the (oftentimes false) assumption the the city/state will see a very real financial return on their investment.
See the difference?
50
sousedbergin Says:
November 7th, 2012 at 2:52 PM
What I am saying is that the whole “they’re not paying their fair share” mantra that has infected the Democratic Party is 100% pure, unadulterated bullshit. Just look at the numbers.
Numbers are here and say you should probably be nicer to the help.
51
ms621 Says:
November 7th, 2012 at 2:52 PM
What I am saying is that the whole “they’re not paying their fair share” mantra that has infected the Democratic Party is 100% pure, unadulterated bullshit. Just look at the numbers.
Kind of difficult to agree or disagree with that as “fairness” is inherently relative and because of that is rather abstract in this case. It is a fact though that top wage earners paid quite a bit more in taxes relative to income in the 1950s than they do today (though in fairness I don’t know if that is adjusted for inflation or not). Having said that I am sure you could agree to the fact that the current tax code is a joke partly because it hasn’t been overhauled since Reagan was president.
52
roastbeast Says:
November 7th, 2012 at 2:53 PM
i remember when the citizens of cleveland agreed to pay more taxes to keep the browns around, ultimately, in vain.
then they agreed to do the same to keep lebron, with similar results
53
sousedbergin Says:
November 7th, 2012 at 2:53 PM
we have found soused and he is as i imagined
Shoes are right but I look way more homeless.
54
Babar 2.0 Says:
November 7th, 2012 at 2:54 PM
They are not “paid for” with public dollars, they are financed with them — with the (oftentimes false) assumption the the city/state will see a very real financial return on their investment.
See the difference?
Exactly.
/Curt Schilling
55
QueeferSutherland Says:
November 7th, 2012 at 2:54 PM
- $550,000 (federal income tax)
Yeah, like any accountant worth his salt isn’t cutting that in half.
56
knifeyspoony Says:
November 7th, 2012 at 2:54 PM
They are not “paid for” with public dollars, they are financed with them — with the (oftentimes false) assumption the the city/state will see a very real financial return on their investment.
See the difference?
well, when you put it that way…no.
57
QueeferSutherland Says:
November 7th, 2012 at 2:55 PM
What I am saying is that the whole “they’re not paying their fair share” mantra that has infected America
Fixed. Over 60 percent think the wealthy should pay more.
58
roastbeast Says:
November 7th, 2012 at 2:55 PM
Whatever happened to the bums being allowed to sleep in the new Miami Marlins stadium?
whatever happened to the ones allowed to play baseball there?
59
Cowboy Mike's Old Original Red Hot Ricochet Barbeque Sauce Says:
November 7th, 2012 at 2:55 PM
knifeyspoony
We don’t stand for that kind of crap here in America, sir.
60
QueeferSutherland Says:
November 7th, 2012 at 2:56 PM
Publicly funded stadiums piss me off beyond belief. I get that they create jobs and rise the local economic tide when complete, but no one should be forced to pay a penny toward some billionaire’s stadium.
61
QueeferSutherland Says:
November 7th, 2012 at 2:57 PM
Also, I have no idea who this player is. Never once heard of him.
62
roastbeast Says:
November 7th, 2012 at 2:57 PM
i soldiered on through the election comments day after day for months and enjoyed them. but you guys need to give this a day at least as a buffer
/or i could leave the post
//kids have watched tom and jerry too long anyway
63
QueeferSutherland Says:
November 7th, 2012 at 2:58 PM
but you guys need to give this a day at least as a buffer
The day after a presidential election — when there are a dozen political posts on this site — is the day you want the buffer?
64
Mike NYC Says:
November 7th, 2012 at 2:59 PM
Exactly.
/Curt Schilling
Yes, exactly. They are investments, which as we all know, are never guaranteed.
65
Babar 2.0 Says:
November 7th, 2012 at 2:59 PM
Also, I have no idea who this player is. Never once heard of him.
Interesting story
66
ThatsSoTaguchi (Now With Zip) Says:
November 7th, 2012 at 2:59 PM
I get that they create jobs and rise the local economic tide when complete,
then you’re getting some questionable information.
67
ms621 Says:
November 7th, 2012 at 3:01 PM
Also, I have no idea who this player is. Never once heard of him.
Rookie with the Rockets. Played at Iowa State. Tumbled in the draft because he had legal trouble at Minnesota before transferring and has an anxiety disorder.
68
Babar 2.0 Says:
November 7th, 2012 at 3:01 PM
Yes, exactly. They are investments, which as we all know, are never guaranteed.
Exactly.
/Solyndra
69
Nada Says:
November 7th, 2012 at 3:01 PM
Oooh…oooh…do Houston next.
No state income tax here
Which is the only truly good thing I find about living in Texas.
/ Fuck you, 100-degree summers
70
roastbeast Says:
November 7th, 2012 at 3:02 PM
The day after a presidential election — when there are a dozen political posts on this site — is the day you want the buffer?
this isn’t a discussion related to the election. bc that’s over. obama won
71
HtownHacker Says:
November 7th, 2012 at 3:02 PM
Which is the only truly good thing I find about living in Texas.
What part of the state do you live in, Nada?
72
ms621 Says:
November 7th, 2012 at 3:03 PM
Which is the only truly good thing I find about living in Texas.
/ Fuck you, 100-degree summers
Co-signed.
73
ms621 Says:
November 7th, 2012 at 3:03 PM
What part of the state do you live in, Nada?
He lives in Dallas. In the cool part of town.
74
Nada Says:
November 7th, 2012 at 3:05 PM
the whole “they’re not paying their fair share” mantra that has infected the Democratic Party is 100% pure, unadulterated bullshit
Again, I personally paid more in taxes than the entire GE corporation paid last year.
And don’t give me the “but they create jobs” response. I create jobs, too — as a consumer. I spend money, the company I spend it on prospers, the company hires more workers, ipso factor, I had a hand in creating those jobs.
75
sousedbergin Says:
November 7th, 2012 at 3:05 PM
He lives in Dallas. In the cool part of town.
Austin?
76
St. Bear Says:
November 7th, 2012 at 3:08 PM
Which is the only truly good thing I find about living in Texas.
/ Fuck you, 100-degree summers
NH would welcome you with open arms.
/no income tax
//no sales tax
///reasonable* real estate tax
////*for the Northeast
77
Nada Says:
November 7th, 2012 at 3:08 PM
What part of the state do you live in, Nada?
He lives in Dallas. In the cool part of town
Actually, I keed. I like living in Texas, althought I’d prefer to be in Austin or Houston (where I did briefly live back in the ’80s).
Dallas reminds me a lot of Charlotte — its main personality trait is money, way too much fundamentalist religion, overbleached and oversiliconed middle-aged women, and bad football. But golf year-round!
78
Nada Says:
November 7th, 2012 at 3:10 PM
But if you’re gonna live in Dallas, Uptown is the place to do it.
Especially if you’re 25 or 30 years old.
Which I ain’t.
79
ms621 Says:
November 7th, 2012 at 3:10 PM
Actually, I keed. I like living in Texas, althought I’d prefer to be in Austin or Houston (where I did briefly live back in the ’80s).
Dallas reminds me a lot of Charlotte — its main personality trait is money, way too much fundamentalist religion, overbleached and oversiliconed middle-aged women, and bad football. But golf year-round!
I grew up in Houston and have lived in Dallas most of the last 12 years now. Dallas and Houston to me are nearly identical though Houston has far more diversity. Houston though is so fucking spread out. You pretty much have to drive 10 minutes on a freeway to get anywhere if you live outside of 610.
Your description of Dallas though is also spot on.
80
phillymantis915 Says:
November 7th, 2012 at 3:10 PM
The best thing about this whole taxes kill the job creators thing is that by letting the Bush era tax cuts expire and resetting the top rate to 39%, it would be the same tax rate under Clinton when 21 million jobs were created and we had budget surpluses.
Also whoever said demand creates jobs gets a pat on the back.
81
ms621 Says:
November 7th, 2012 at 3:11 PM
But if you’re gonna live in Dallas, Uptown is the place to do it.
Especially if you’re 25 or 30 years old.
And single. I wouldn’t dare live in Uptown now.
82
Nada Says:
November 7th, 2012 at 3:11 PM
Also, because the site is blocked by work, I can’t see those fabulous boobs everyone else is commenting on.
83
sousedbergin Says:
November 7th, 2012 at 3:11 PM
I spend money, the company I spend it on prospers, the company hires more workers, ipso factor, I had a hand in creating those jobs.
I go boozing and tip the bartender, the bartender uses that money to buy drugs, drug dealer buys his junkie girlfriend a bracelet, junkie fences the bracelet to a pawn shop, pawn shop sells to a indie store owner who uses me to build a website for them and it starts all over again.
84
Mike NYC Says:
November 7th, 2012 at 3:13 PM
Again, I personally paid more in taxes than the entire GE corporation paid last year.
The ignorance is frightening.
85
Nada Says:
November 7th, 2012 at 3:14 PM
Houston though is so fucking spread out. You pretty much have to drive 10 minutes on a freeway to get anywhere if you live outside of 610
If I ever lived in Houston and worked downtown again, I would have to live in that nice area just west of downtown around Memorial Park. I think it’s the only place I could stomach driving in from.
86
scripty Says:
November 7th, 2012 at 3:15 PM
overbleached and oversiliconed middle-aged women
over or undersex though?
87
Mike NYC Says:
November 7th, 2012 at 3:15 PM
The best thing about this whole taxes kill the job creators thing is that by letting the Bush era tax cuts expire and resetting the top rate to 39%, it would be the same tax rate under Clinton when 21 million jobs were created and we had budget surpluses.
If only raising taxes created more jobs — seriously, think about it — this might be relevant.
88
ms621 Says:
November 7th, 2012 at 3:16 PM
If I ever lived in Houston and worked downtown again, I would have to live in that nice area just west of downtown around Memorial Park. I think it’s the only place I could stomach driving in from.
Agree completely.
89
spencer096 Says:
November 7th, 2012 at 3:16 PM
you know what’d create more jobs? a fuckin’ war.
/glares at some country that totally has it coming
//high fives toby keith’s f-150
90
Nada Says:
November 7th, 2012 at 3:16 PM
Again, I personally paid more in taxes than the entire GE corporation paid last year.
The ignorance is frightening
You have a point. I should have specified income tax.
91
Nada Says:
November 7th, 2012 at 3:17 PM
you know what’d create more jobs? a fuckin’ war
So get behind the War on Drugs!
/ Runs away as Spencer cranks up the Zappa
92
phillymantis915 Says:
November 7th, 2012 at 3:18 PM
If only raising taxes created more jobs — seriously, think about it — this might be relevant.
How is a reset of a tax rate that was supposed to be only 10 years a tax raise? The 01 and 03 tax cuts were supposed to only be spanning those 7-9 years, not permanent.
Tax cuts have done a bang up job of creating jobs too…oh wait, no they haven’t and never have in economic history. Demand creates jobs
93
ms621 Says:
November 7th, 2012 at 3:18 PM
you know what’d create more jobs? a fuckin’ war.
I vote Canada.
94
sousedbergin Says:
November 7th, 2012 at 3:18 PM
If only raising taxes created more jobs — seriously, think about it — this might be relevant.
No one has ever asserted that but by fuck have the asserted fallaciously that lower taxes equal more jobs.
95
spencer096 Says:
November 7th, 2012 at 3:19 PM
I vote Canada.
they’re poor in spirit…im voting for greece.
96
Mike NYC Says:
November 7th, 2012 at 3:19 PM
You have a point. I should have specified income tax.
No.
Pro Publica/Fortune, April 4, 2011: Did GE pay U.S. income taxes in 2010? Yes, it paid estimated taxes for 2010, and also made payments for previous years. Think of it as your having paid withholding taxes on your salary in 2010, and sending the IRS a check on April 15, 2010, covering your balance owed for 2009.
97
Nada Says:
November 7th, 2012 at 3:19 PM
I go boozing and tip the bartender, the bartender uses that money to buy drugs, drug dealer buys his junkie girlfriend a bracelet, junkie fences the bracelet to a pawn shop, pawn shop sells to a indie store owner who uses me to build a website for them and it starts all over again
I want to do a musical based on your life, in the vein of Rent, only with interesting music and less douchey characters.
98
sousedbergin Says:
November 7th, 2012 at 3:21 PM
I vote Canada.
So I guess we should just light Alberta on fire then? Not trying to be a dick Alberta but we cannot let them get the oil.
99
ms621 Says:
November 7th, 2012 at 3:21 PM
I personally would have gone with this part Mike:
According to Williams, GE paid $1 billion in federal, state and local taxes in the U.S. for 2010. He declined to say how much of that was for federal income taxes, except to say that some of it was.
But that’s just me.
100
ms621 Says:
November 7th, 2012 at 3:22 PM
So I guess we should just light Alberta on fire then? Not trying to be a dick Alberta but we cannot let them get the oil.
We’re going to empty out all the good provinces and transport you to Quebec.
101
spencer096 Says:
November 7th, 2012 at 3:22 PM
We’re going to empty out all the good provinces and transport you to Quebec.
trail le tears.
102
ms621 Says:
November 7th, 2012 at 3:23 PM
trail le tears.
Bra-fucking-vo.
103
spencer096 Says:
November 7th, 2012 at 3:25 PM
im beginning to come around on your invade canada stance…i just think it’d be more of a fight than you think for not a whole lot of tangible gain.
we go after greece, fuckers’ll practically be paying us to stick around.
104
Nada Says:
November 7th, 2012 at 3:25 PM
You have a point. I should have specified income tax.
No.
From the linked article:
GE chief spokesman Gary Sheffer told Pro Publica: “We expect to have a small U.S. income tax liability for 2010.” How much? The company wouldn’t say.
According to [GE spokesman Andrew] Williams, GE paid $1 billion in federal, state and local taxes in the U.S. for 2010. He declined to say how much of that was for federal income taxes, except to say that some of it was.
105
sousedbergin Says:
November 7th, 2012 at 3:25 PM
I want to do a musical based on your life, in the vein of Rent, only with interesting music and less douchey characters.
Could not find the clip of Homer Simpson in rent so I settled for this.
106
Nada Says:
November 7th, 2012 at 3:27 PM
We asked Williams how much of the $2.9 billion in worldwide corporate taxes was paid to the U.S. government, and how much the company paid in U.S. corporate income taxes in 2010. “Like virtually all other companies, we do not break out tax data on a country by country basis,” Williams said. “Instead, we disclose our worldwide payments and rates.
“We do not break out tax data on a country by country basis” — after earlier asserting GE paid $1 billion in U.S. taxes in 2010.
Doublespeak.
107
sousedbergin Says:
November 7th, 2012 at 3:28 PM
We’re going to empty out all the good provinces and transport you to Quebec
No please don’t take Manitoba!
/Me and Montreal are cool
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Nada Says:
November 7th, 2012 at 3:33 PM
Also amuses me that Mike cited an article by Factcheck.org — an organization often pilloried by the right wing over alleged bias.
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Nada Says:
November 7th, 2012 at 3:34 PM
We’re going to empty out all the good provinces and transport you to Quebec
/ Claims dibs on Nova Scotia
// Ancestral homeland’d
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Mike NYC Says:
November 7th, 2012 at 3:34 PM
“We do not break out tax data on a country by country basis” — after earlier asserting GE paid $1 billion in U.S. taxes in 2010.
Doublespeak.
Here’s the deal — you don’t know what you’re talking about.
“We do not break out data” = we do not disclose it PUBLICLY.
Or do you really think that GE, INTERNALLY, does not know how much tax they paid on a country by country basis?
Jesus.
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ms621 Says:
November 7th, 2012 at 3:38 PM
Jesus.
Commenter legend.
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Nada Says:
November 7th, 2012 at 3:59 PM
Or do you really think that GE, INTERNALLY, does not know how much tax they paid on a country by country basis?
Jesus.
So: GE says it does not publicly disclose what it pays in taxes on a country-by-country basis … oh, but by the way, it paid $1 billion in taxes in the U.S. in 2010.
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sousedbergin Says:
November 7th, 2012 at 3:59 PM
Was just emailed this in regards to this post:
I gotta say that lack of understanding around how the rich pay taxes is huge. As the post correctly states on the highest bracket of income one is taxed 48%. That is huge. For every dollar earned you only get 0.52cents.
The numbers you are pointing to is the cumulative tax level of rich people which includes capital gains. For example if a rich person invests their money and earns the same $1 they are only taxed at 10%. So what occurs is the very wealthy end up paying a blended tax rate which is very much lower than what some pays on income as a disproportionate amount of their income comes in through investments. Unrealized investment earnings are not taxed until they are fully realized, so $1 earned but not realized is taxed at 0%, so again this blends the overall tax rate lower. There are loop holes too where Hedge funds/Privage equity guys using exemptions plus low capital gains taxes to pay very very low levels of taxes on the huge money they earn.
So what has happened is that income earned is not all treated the same. There is a big misunderstanding between the 1% in terms of wages earned who pay ~48% and the 1% in terms of assets who in theory only pay 10% as a lot of their income is in investments (main reason why Romney’s rate was so low).
So to be in the top 1% in earnings in the US you have to make ~344k, a lot of money but to be in the top 1% in assets you need to have net worth of $9mil. So the 1% wage earner taking home 170k after tax would have to work and exclusively save for 52 years in order to get to top bracket in Net Assets. Lets also look at the respective tax returns. We know 1% wage earner pays 48% so he pays 165k on 344k of earnings, lets assume top Net Worth guy earns 5% a year (conservative given low level of rates) his earnings are 450k and his tax bill would be 45k.
THAT IS THE INEQUALITY! So please stop lumping in people paying 48% with the dude sitting on huge amount of assets paying nothing.
The capital gains tax rate being so low is what disproportionately benefits the rich vs the poor. It also should be lower than income taxes since the country should encourage investments over consumption but the current gap is too high.
Please keep this in mind when discussing this topic. I find the misplaced rhetoric very unfair to people that pay huge sums of taxes without complaining with very very very rich people that don’t.