Should The Rich Be Required To Pay Higher Taxes In the US?

[jc456]

He must make what trump makes . So he's bitching about his own self

And you must make up bullshit because you're too pussy to deal with reality.

Ahhhh your lies are yours

 

[jc456]

So do you pay 25% like trump?

I pay almost 30%.

You need a better accountant.

I was going to say that! Nice post

 

[JBond]

How much do the rich pay in actual, personal income taxes?

Define rich. 150k? 250k?

 

[BoSoxGal]

YES!

I had no issue with paying a much higher tax bracket when I was bringing in 6 figures, and certainly folks bringing in 9 figures and above should be paying that much more!

 

[JBond]

So do you pay 25% like trump?

I pay almost 30%.

You need a better accountant.

I was going to say that! Nice post

The tax rate and effective tax rate people pay are two different things. Then add in the other items deducted from workers checks, such as the payroll tax, and he might be right there.

 

[g5000]

I am not a dear, so please cease with the tripe. You have done nothing but divert, which is considered a fallacy.

we have a Commerce Clause; don't complain, be Patriotic.

Commerce clause to raise taxes on the poor? What the hell is wrong with you and wanting to tax the poor? You are a fruitcake.

nothing but fantasy from the national socialist right wing?

Why do you want to raise taxes on the poor? Should we not lower taxes on the poor and everyone else.

How do we do that, with progressive forms of income tax; that we actually and currently have?

nothing but right wing fantasy and projection.

It would be very easy to cut tax rates for everyone. Very easy. In fact, our politicians know exactly how to do it, but they are owned by special interests which won't let them.

You see, we give away $1.4 trillion a year in government gifts in the form of tax expenditures. That is literally twice as much as we spend on welfare. If we ended all these tax expenditures, would could lower tax rates for everyone and pay down the debt.

We would also benefit from immediate campaign finance reform if tax expenditures were banned. After all, you have no incentive to bribe a Congressman if he can't give you a carve-out in the tax code.

Easy peasy. We should be shooting congressmen and senators in the streets until they shut down this corrupt business of tax expenditures which transfer trillions of dollars from the poor and middle class to the wealthy.

 

[jc456]

So do you pay 25% like trump?

I pay almost 30%.

You need a better accountant.

I was going to say that! Nice post

The tax rate and effective tax rate people pay are two different things. Then add in the other items deducted from workers checks, such as the payroll tax, and he might be right there.

Well that's the same for everyone

 

[Billo_Really]

Why?

Because I'm a dumbass!

 

[Billo_Really]

What we need is true campaign limits directly to candidates. Let's say any individual can donate up to 5k to any candidate. That would include entities such a unions and corporations, meaning they could make a a single 5k contribution to whomever. No bundling allowed. Just individual donations. In addition they could donate a total of 5k to 501's. That it. After the 10k total, they are done.

I think it should be a law that all campaign donations have to be made anonymously, making it illegal for any candidate to know who is giving them money.

The other alternative is to make members of Congress dress like NASCAR drivers and have every corporation that donates to them be a patch on the outside of their clothing.


https://postimage.org/

 

[Toddsterpatriot]

Why?

Because I'm a dumbass!

And really bad at math.

 

[Nia88]

It works for all other first world nations in the world. It's would definitely work for us.

 

[danielpalos]

How much do the rich pay in actual, personal income taxes?

Define rich. 150k? 250k?

the one percent.

 

[danielpalos]

we have a Commerce Clause; don't complain, be Patriotic.

Commerce clause to raise taxes on the poor? What the hell is wrong with you and wanting to tax the poor? You are a fruitcake.

nothing but fantasy from the national socialist right wing?

Why do you want to raise taxes on the poor? Should we not lower taxes on the poor and everyone else.

How do we do that, with progressive forms of income tax; that we actually and currently have?

nothing but right wing fantasy and projection.

It would be very easy to cut tax rates for everyone. Very easy. In fact, our politicians know exactly how to do it, but they are owned by special interests which won't let them.

You see, we give away $1.4 trillion a year in government gifts in the form of tax expenditures. That is literally twice as much as we spend on welfare. If we ended all these tax expenditures, would could lower tax rates for everyone and pay down the debt.

We would also benefit from immediate campaign finance reform if tax expenditures were banned. After all, you have no incentive to bribe a Congressman if he can't give you a carve-out in the tax code.

Easy peasy. We should be shooting congressmen and senators in the streets until they shut down this corrupt business of tax expenditures which transfer trillions of dollars from the poor and middle class to the wealthy.

why not just end our war on drugs?

 

[JBond]

How much do the rich pay in actual, personal income taxes?

Define rich. 150k? 250k?

the one percent.

Forbes defines that as earning $717,000 per year. Is that a fair number to work with? How much of that money should the government take?

 

[danielpalos]

How much do the rich pay in actual, personal income taxes?

Define rich. 150k? 250k?

the one percent.

Forbes defines that as earning $717,000 per year. Is that a fair number to work with? How much of that money should the government take?

as much as it takes to fund government.

Good Capitalists merely insist their public servants merely purchase the finest Republic money can buy.

 

[Cecilie1200]

I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.

Methinks you understand neither the purpose of taxes, nor the definition of "selfish".

 

[thereisnospoon]

I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.

everyone should pay the same percentage of their income.....Success and achievement should be congratulated. Not punished.
The difference between the ideologies is conservatives see taxation as a means to operate the essential functions of government.
Liberals see taxation as a means to redistribute and punish.
the very idea that just because one has more, therefore must suffer more, is nonsense.
BTW, in the last 5 years, overall tax revenues to the federal government have increased to their highest levels in the history of the US. Yet, those on the left continue to complain it isn't enough.
Soaking people with confiscatory taxation creates an adversarial environment. This forces those with means, the investor class for example, to bury their cash reserves. What you people on the left refer to as "hoarding"....Another lefty buzz terms mean to shame those who earn it into being forced to hand it over.
Look, forcing people to pay more to a wasteful and fraudulent spending government is equivalent to giving a fat person more to eat after they promise to lose weight.
That's backward.
The federal government should be forced to find ways to spend less, streamline operations and cut staff wherever possible.
Once Washington can demonstrate that it can be a good steward of the people's money, then we can have a discussion regarding higher taxes.

 

[thereisnospoon]

How much do the rich pay in actual, personal income taxes?

Define rich. 150k? 250k?

the one percent.

Forbes defines that as earning $717,000 per year. Is that a fair number to work with? How much of that money should the government take?

as much as it takes to fund government.

Good Capitalists merely insist their public servants merely purchase the finest Republic money can buy.

The federal government receives more than it requires to run efficiently. Let them figure out how to spend wisely.
Those of you who don't think government gets enough are free to write a check

 

[hadit]

How much do the rich pay in actual, personal income taxes?

That depends on their income for that year. A wealthy business owner, for example, could have a bad year in which he paid himself a very small or no salary at all, and thus would pay very little. If I made 10 mil one year and 100K the next, I would pay vastly different tax amounts, but would still be rich.

 

[thereisnospoon]

Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.

Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.

I would be behind a progressive consumption tax, that way everybody has a dog in the race. A flat tax doesn't work for a lot of people. For instance, I'm a landlord and I have tons of expenses I have to write-off. Without those write-offs, I would be forced to sell because the property wouldn't produce any profit. Either that or I would have to raise rents so high that people wouldn't be able to afford to live here.

yep....However. Consumption taxes would result in the existing underground economy to grow exponentially.
How would one tax for example, a barter? Or the buying and selling of goods at private sales such as garage sales or flea markets?
in order to have a VAT system, not only would the federal government have to set up a huge bureaucracy to monitor all purchases and other transactions, so would each state.
I think a flat tax for individuals would work. If the tax code were simplified and less confiscatory, people would be more comfortable with paying taxes.
Per business owners, deductions for expenses would have to be part of the equation. Accounting would have to be performed so that only NET income is taxed at the flat rate.
Now, other income such as dividends and other investments should only be taxed when they are liquidated. And at a rate not to exceed 10%. The reasoning behind this is that the various government agencies have already taxed this money when it was earned. They should not get a full second bite at the apple.
Same goes for any inheritance. 10%. Right off the top. Whatever it is. Stocks, binds, cash, liquidation of assets, tax it all. At 10%....That starts at ZERO. No deductions.