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

[Woodznutz]

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.

True. And, to tax the hell out of the rich requires rewriting most of the tax code.

 

[hadit]

True. And, to tax the hell out of the rich requires rewriting most of the tax code.

What they really want is a wealth tax. They can't stand to see wealth in someone's hands, out of the reach of the tax man.

 

[Woodznutz]

What they really want is a wealth tax. They can't stand to see wealth in someone's hands, out of the reach of the tax man.

The government needs more taxes to cover up their complete mismanagement of the economy. The more taxes, the more the admission of failure.

 

[leftwinger]

Which TAXES can you raise on the rich to get $2T.

Income? Nope they don't work paychecks.
Capital Gains? Have at it. But it hurts little man too. The rich don't need to buy or sell.
Death Tax?
Inheritance?yawning it's already 50%

I Propose a National property tax on >$9million dollar homes at 10% or 5%. Will that make Stain happy?

 

[rightwinger]

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.

Not even close

 

[M14 Shooter]

Right now the poor pay at a much higher rate since most taxes, like gas tax, are not progressive.

But the poor don't pay at a much higher rate.

The poor do not pay -any- federal income tax.
Thus, their rate is 0%

 

[Woodznutz]

The poor do not pay -any- federal income tax.
Thus, their rate is 0%

The poor pay gas taxes, sales taxes, and cigarette and liquor taxes.

 

[Woodznutz]

Not even close

View attachment 1241299

But most of the money resides in the middle and lower classes.

The upper middle class is now the largest income group in the U.S., study finds

America's middle class is shrinking, but not because people are getting poorer. Instead, more households are climbing the ladder, new research suggests.

www.cbsnews.com

 

[hadit]

Not even close

View attachment 1241299

Difference between wealth and income. We don't tax wealth, except for having to rent our homes and cars from the government.

 

[M14 Shooter]

The poor pay gas taxes, sales taxes, and cigarette and liquor taxes.

But not federal income tax.

 

[M14 Shooter]

Difference between wealth and income. We don't tax wealth, ...

The federal government -can't- tax wealth, because it isn't income.

 

[Lisa558]

The poor pay gas taxes, sales taxes, and cigarette and liquor taxes.

The poor also TAKE food stamps, Medicaid, subsidized housing, TANF, etc., etc. equivalent to an average $41k a year.

They are net takers.

Responsible people pay gas taxes, sales taxes, liquor taxes, AND federal and state income taxes AND support themselves.

 

[alang1216]

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.

Good luck defining fairness but it sounds like that billionaire reaps more benefits from living in the country than most of us. Did he enlist in the army? Does he contribute large sums to our politicians to gain favors?

 

[alang1216]

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.

When all federal, state, and local taxes are combined, the total tax share of the wealthy more closely aligns with their income share.

Institute on Taxation and Economic Policy:

• Richest 1%: Account for 20.1% of total income and pay 23.9% of all combined U.S. taxes.
• Top 10%: Broadly pay a total tax share that slightly exceeds their income share, largely driven by the progressive federal income tax offsetting regressive state-level consumption taxes.
  

 

[Lisa558]

When all federal, state, and local taxes are combined, the total tax share of the wealthy more closely aligns with their income share.

Institute on Taxation and Economic Policy:

• Richest 1%: Account for 20.1% of total income and pay 23.9% of all combined U.S. taxes.
• Top 10%: Broadly pay a total tax share that slightly exceeds their income share, largely driven by the progressive federal income tax offsetting regressive state-level consumption taxes.

Sounds like both segments are paying slightly more than their fair share.

How much of their fair share are the bottom 50% paying? Answer: Zero.

 

[rightwinger]

Difference between wealth and income. We don't tax wealth, except for having to rent our homes and cars from the government.

No Shit Sherlock

 

[alang1216]

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.

I'm pretty sure I give the government more than they give me but I'm not complaining, I'm just happy to be able to do it.

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."

I doubt you've seen me piously tout my religious views but not coveting what others have is a good rule to live by.

 

[alang1216]

Sounds like both segments are paying slightly more than their fair share.

How much of their fair share are the bottom 50% paying? Answer: Zero.

Zero plus tolls, gov't fees, gas tax, sales tax, utility taxes, etc.

 

[Lisa558]

Zero plus tolls, gov't fees, gas tax, sales tax, utility taxes, etc.

We’re talking about federal income taxes. They pay zero.

What’s their share? You certainly don’t think it’s fair that half the people get a free ride.

 

[rightwinger]

Sounds like both segments are paying slightly more than their fair share.

How much of their fair share are the bottom 50% paying? Answer: Zero.

That’s sad really……

50 percent of Americans earn so little