3,500 tickets now available on StubHub.
It must be nice to have that kind of money. At just $10 a ticket that is $40,000. I cannot even imagine giving away $40,000.
You've already been proved wrong on this. Do I need to post the chart again lol. Just admit it, Bill Clinton knew what he was doing when he lowered the short and long term rates. Now, go take it up with him, and stop posting inaccuracies, it's beneath you as the board's Gatsby.Of course BP is throwing around money like a crazy person. Starting in 1998 his capital gains tax rates on his unearned income (all of his income) were lowered from 28% to 20% to the ridiculously low 15%. His tax rate is lower than person serving popcorn at the arena.
So he's got an extra 13% to recklessly throw around at the the expense of the US budget deficit.
Of course BP is throwing around money like a crazy person. Starting in 1998 his capital gains tax rates on his unearned income (all of his income) were lowered from 28% to 20% to the ridiculously low 15%. His tax rate is lower than person serving popcorn at the arena.
So he's got an extra 13% to recklessly throw around at the the expense of the US budget deficit.
It may be lower, but I bet he pays a significant amount of $$$$ more than the popcorn vendor.
lol
I would imagine his income tax rate is not lower than anyones here
I guarantee you that T. Boone Pickens is paying a lower EFFECTIVE tax rate than 15%. Let's not forget that Mitt freaking Romney had to voluntarily pay more taxes than required so he could bump it up to 13% so that he wouldn't be made out to be a liar. Surely Pickens is as smart as Mitt Romney. Comparing him to a family of four that make 50K is ridiculous.
I guarantee you that T. Boone Pickens is paying a lower EFFECTIVE tax rate than 15%. Let's not forget that Mitt freaking Romney had to voluntarily pay more taxes than required so he could bump it up to 13% so that he wouldn't be made out to be a liar. Surely Pickens is as smart as Mitt Romney. Comparing him to a family of four that make 50K is ridiculous.
It probably is lower than a highly compensated employee but it is most certainly not lower than a peron making $15.00 an hour (even if both spouses work) or even $25,00 unless both spouses make $25 an hour.
Not true. Even a person making minimum wage has 15.3% (13.3% after the temporary 2% stimulus reduction) taken off the top of their gross wages. Before we even consider income taxes every single worker in the country is playing a higher effective rate than Pickens, Buffett, myself, Romney or anybody whose income is derived from capital gains creatively structured through LPs and LLCs. We pay absolutely ZERO on our gross income. After we expense everything possible and take advantage of any and every loophole we only pay capital gains taxes on what is left. The silly notion that raising the capital gains tax will somehow cause us to stop pursuing future gains is ludicrous.