Zone1 Tax the Rich! Make them Pay their Fair Share!

[Cellblock2429]

IOW, tax the rich.

/-----/ Why, so the government can squander it? The only money reducing the debt now are tariffs and democRATs want to stop it. The rest just get thrown down a bottomless pit.

 

[alang1216]

Warren Buffett's income primarily comes from dividends and capital gains, which are taxed at a maximum rate of 23.8%. This includes a 20% tax rate for capital gains and qualifying dividends, plus an additional 3.8% for net investment income tax.
Yahoo

Thanks for confirming my point.

 

[alang1216]

The leftists always hit back with, “but…but….but…..poor people pay sales taxes!”

What they omit to mention is that they take out far more than they pitch in, via food stamps, Medicaid, free breakfasts and lunches, subsidizing housing, and TANF payments.

The average welfare family draws $41k in benefits. So big deal….they pay in $1000 or so in sales taxes.

Contributing members of society not only pay in much more in sales tax, they also pay federal and state income tax that poor people do not AND they pay for their own food, their own medical, their own housing, and their kids’ lunches.

Everyone is sucking on those teats.

The U.S. government subsidizes wealthy individuals and corporations primarily through tax expenditures, corporate welfare, and specialized financial policies, rather than direct cash assistance. Key mechanisms include lower capital gains tax rates, the "step-up in basis" on inherited assets, corporate tax breaks, and subsidized loans.
Center for American Progress +2
Key Ways the Government Subsidizes Wealthy Individuals & Corporations:

• Tax Code Advantages:
  • Lower Capital Gains Tax: Long-term capital gains and dividends are taxed at lower rates than ordinary income, benefiting those who derive most of their income from investments.
  • Step-Up in Basis: This policy wipes out capital gains taxes on inherited assets by revaluing them at the time of death, heavily benefiting wealthy heirs.
  • Mortgage Interest Deduction: Higher-income households with larger, expensive homes receive the largest benefit from this deduction.
  • Opportunity Zones: These allow investors to defer or avoid taxes on capital gains by investing in designated, often gentrifying, areas.
• Corporate Welfare and Subsidies:
  • Direct Subsidies & Grants: Industries like energy (fossil fuels and green energy), technology, and agriculture receive grants, loans, and loan guarantees.
  • State & Local "Megadeals": States and cities provide over $95 billion annually in tax breaks and incentives to attract corporations, often benefiting wealthy CEOs.
  • Stadium Financing: Local governments use tax dollars to build stadiums, directly boosting the value of franchises for team owners.
• Regulatory & Asset Support:
  • Trade Barriers: Protective tariffs and subsidies (e.g., in the sugar industry) help specific large, established corporations at the expense of consumers.
  • Bailouts: The government has historically provided financial support to prevent large corporations or financial institutions from failing.
    Center for American Progress +8

These policies, sometimes termed "wealthfare," are estimated to cost the federal government over $100 billion annually, with a large portion of tax-related benefits flowing to the top 1% of income earners.

 

[Lisa558]

Warren Buffett's income primarily comes from dividends and capital gains, which are taxed at a maximum rate of 23.8%. This includes a 20% tax rate for capital gains and qualifying dividends, plus an additional 3.8% for net investment income tax.
Yahoo

He paid $5 Billion in federal taxes last year! Just how many billions of dollars of ONE person’s money do you think the government is entitled to when half the people pay 0?

 

[Lisa558]

Everyone is sucking on those teats.

The U.S. government subsidizes wealthy individuals and corporations primarily through tax expenditures, corporate welfare, and specialized financial policies, rather than direct cash assistance. Key mechanisms include lower capital gains tax rates, the "step-up in basis" on inherited assets, corporate tax breaks, and subsidized loans.
Center for American Progress +2
Key Ways the Government Subsidizes Wealthy Individuals & Corporations:

• Tax Code Advantages:
  • Lower Capital Gains Tax: Long-term capital gains and dividends are taxed at lower rates than ordinary income, benefiting those who derive most of their income from investments.
  • Step-Up in Basis: This policy wipes out capital gains taxes on inherited assets by revaluing them at the time of death, heavily benefiting wealthy heirs.
  • Mortgage Interest Deduction: Higher-income households with larger, expensive homes receive the largest benefit from this deduction.
  • Opportunity Zones: These allow investors to defer or avoid taxes on capital gains by investing in designated, often gentrifying, areas.
• Corporate Welfare and Subsidies:
  • Direct Subsidies & Grants: Industries like energy (fossil fuels and green energy), technology, and agriculture receive grants, loans, and loan guarantees.
  • State & Local "Megadeals": States and cities provide over $95 billion annually in tax breaks and incentives to attract corporations, often benefiting wealthy CEOs.
  • Stadium Financing: Local governments use tax dollars to build stadiums, directly boosting the value of franchises for team owners.
• Regulatory & Asset Support:
  • Trade Barriers: Protective tariffs and subsidies (e.g., in the sugar industry) help specific large, established corporations at the expense of consumers.
  • Bailouts: The government has historically provided financial support to prevent large corporations or financial institutions from failing.
    Center for American Progress +8

These policies, sometimes termed "wealthfare," are estimated to cost the federal government over $100 billion annually, with a large portion of tax-related benefits flowing to the top 1% of income earners.

Still, the top 10% are paying the lion’s share, and the bottom half pay nothing. We need to make things more fair with everyone pitching in.

 

[Concerned American]

AND they pay for their own food, their own medical, their own housing, and their kids’ lunches.

Increasingly in blue states, even the well off are taking advantage of the free breakfasts and lunches in schools which is a travesty brought on by democrat communist policies.

 

[Concerned American]

He paid $5 Billion in federal taxes last year! Just how many billions of dollars of ONE person’s money do you think the government is entitled to when half the people pay 0?

Preachin' to the choir. My post was in rebuttal to Alang's under-speculation of how much Buffett pays in capital gains.

 

[Concerned American]

/-----/ Why, so the government can squander it? The only money reducing the debt now are tariffs and democRATs want to stop it. The rest just get thrown down a bottomless pit.

Somewhere over the past 100 years we have lost sight of the fact that THERE IS NO FREE LUNCH. Someone has to pay but these socialists seem to think they can reap these benefits and demand that the ambitious, working folks among us pay for it.

 

[Concerned American]

Thanks for confirming my point.

How many billions have you contributed? What makes you think that you should be able to reap the benefits of living in the country on his back. Percentages of income mean nothing. How about a toll on EVERYTHING you use. That would be fair. No income tax, capital gains tax, luxury tax or any other kind of tax as well as an end to all subsidies. How about a PURE consumption charge pegged to the cost of the goods and services that you, personally, use. I can think of nothing better to promote ambition and self sufficiency. I anxiously await your claim of 'unfair' because it takes a greater percentage of the pittance you earn and you aren't subsidized by everyone else.

 

[Lisa558]

Increasingly in blue states, even the well off are taking advantage of the free breakfasts and lunches in schools which is a travesty brought on by democrat communist policies.

Yes, in Maryland, EVERY kid gets free breakfasts and lunches - even the ones who go home to their parents’ $900,000 5-bedroom colonial - because they don’t want to “embarrass” the kids from low-income families.

Think of it: the secretary and mechanic earning $45,000 are pitching in to buy lunches for the kids of lawyers and dentists.

 

[Cellblock2429]

Yes, in Maryland, EVERY kid gets free breakfasts and lunches - even the ones who go home to their parents’ $900,000 5-bedroom colonial - because they don’t want to “embarrass” the kids from low-income families.

Think of it: the secretary and mechanic earning $45,000 are pitching in to buy lunches for the kids of lawyers and dentists.

/----/ "because they don’t want to “embarrass” the kids from low-income families."
Feelings, nothing but feelings... I wonder how much of the food is tossed into the garbage every day.

 

[alang1216]

Still, the top 10% are paying the lion’s share, and the bottom half pay nothing. We need to make things more fair with everyone pitching in.

As of early 2026, the top 10% of U.S. households own roughly 67% to 70% of the nation’s total wealth. The total annual income of the top 10% of earners in the United States accounts for nearly half of all personal income generated in the country. What is their fair share of taxes?

 

[Lisa558]

As of early 2026, the top 10% of U.S. households own roughly 67% to 70% of the nation’s total wealth. The total annual income of the top 10% of earners in the United States accounts for nearly half of all personal income generated in the country. What is their fair share of taxes?

The top 10% of earners account for almost half of all income, and yet they pay 76% of all federal taxes. Sounds like they already pay more than their fair share.

 

[Concerned American]

As of early 2026, the top 10% of U.S. households own roughly 67% to 70% of the nation’s total wealth. The total annual income of the top 10% of earners in the United States accounts for nearly half of all personal income generated in the country. What is their fair share of taxes?

Work hard. Apply yourself. You, too, can become one of those people. Wouldn't that be so much better than standing in line waiting for your next gov't handout. A great man once said, "A government big enough to give you everything you want is a government big enough to take from you everything you have." Seems I've seen you piously tout your religious views. Maybe you should take heed of the tenth commandment, "You shall not covet your neighbor’s house; you shall not covet your neighbor’s wife, or his male or female servants, his ox or donkey, or anything that belongs to your neighbor."

 

[leftwinger]

AFTER they "FIX the FRAUD" then we can discuss "TAXING the RICH" even more.

If your kid is a heroin addict? Do you increase the allownace?
Some do. Hoping they OD and it ends. Yes, sometimes it feels so hopeless that they fall apart.

 

[Cellblock2429]

As of early 2026, the top 10% of U.S. households own roughly 67% to 70% of the nation’s total wealth. The total annual income of the top 10% of earners in the United States accounts for nearly half of all personal income generated in the country. What is their fair share of taxes?

/—-/ You’re talking about taxing wealth, not just income. Nice work, Commie.

 

[there4eyeM]

IOW, tax the rich.

No, other words are not necessary. There is no ambiguity in the post you quote, there are only your ideological blinders.

 

[Woodznutz]

No, other words are not necessary. There is no ambiguity in the post you quote, there are only your ideological blinders.

What it said to me was tax the rich.

 

[hadit]

That’s where the money is

False. The middle class is where the money is. If you want a large amount of new tax revenue, you have to tax the middle class because there's just not enough income among the wealthy.

 

[hadit]

Warren Buffett's income primarily comes from dividends and capital gains, which are taxed at a maximum rate of 23.8%. This includes a 20% tax rate for capital gains and qualifying dividends, plus an additional 3.8% for net investment income tax.
Yahoo

And that is why we cannot take his whining about not paying enough in taxes seriously. He knows full well that taxers would go after his regular income, leaving the bulk of his income untouched. Hit him with a big jump in capital gains taxes and we'd hear a very different reaction.