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Thread: White House Tax Plan Would Ask More of Millionaires

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    Re: White House Tax Plan Would Ask More of Millionaires

    OK, so no one seems bent on trying to answer my question, so I'll try asking it a different way....


    What exactly do you think will happen when all of a sudden the wealthier class in amerca have their income taxed more? Anyone care to answer this, please?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Why does that matter? What is my fair share of Federal, State,and Local taxes in total dollars? All you want is class warfare and all you have is class envy. I believe it is more like jealousy and envy thus you want to penalize people like me who worked hard and achieved a lot. Now you want a cut of what I have made and don't believe I spend my money properly even though you don't know how much I make, how much I give to charity and the social work that I do yearly. Like all liberals you believe my money should go to a politician in D.C. so they can decide where to spend it thus bypassing many truly in need.
    You "Fair share", in absolute terms, and per tax entity (household etc), no corporate receipts, converting the Budget to just Individual/Per Person 'Fair share"

    Quote Originally Posted by me
    ...Let's look at some rough numbers.

    El Simplo/Simplest:
    Budget ::::: $3 Trillion 300 million citizens = $10,000 each.
    It doesn't get any easier or "Fairer" than that!!!!
    That's EVERYONE of course, child, old, handicapped etc.

    Warren Bufett + wife taxes.... $20,000
    Single Welfare mother of six... $70,000
    Walmart employee/family of 4. $40,000
    92 year retiree on SS ............ $10,000

    More workable? Second "fairest".

    $3 Trillion 120,000,000 households/Same Current income tax entities = $25,000 each household (Single or Married couple filing jointly, etc)
    Walmart worker who makes $25,000 (that is their avg pay), pays 100% of his salary before any other deductions in tax, but owes more for SS etc.
    He's in the Hole and of course not eating, housed, transported, or working any more.

    Obviously everyone can't pay "their fair share" which IS about 25k.
    That's basically what you (and others) are asking for.
    Splash the two fairest. Or double/triple everyone else's burden and open Debtor prisons.

    From these two examples, one hopes you can see that ONLY a Progressive income tax is do-able.
    'Possible' trumps 'fair'.
    REWIND:
    http://www.debatepolitics.com/econom...pay-taxes.html
    That 25K per household is a little high because there are now about 140M entities not 120 mil. But then again the budget is over 3 Tril now.
    And that number is putting it all on Individual/per-person basis, instead of with corp receipts now.
    (might 'only' be 40% that without corp tax/excise taxes etc.. Call it $10k if you like in income taxes.)
    Just wanted to give you rough numbers to get a handle on the situation.

    That does NOT include "fair share" of State or Local Taxes.

    So the question is.. how do we get a "fair share" out of a Walmart worker?
    Last edited by mbig; 10-05-11 at 07:31 PM.
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    Re: White House Tax Plan Would Ask More of Millionaires

    Why do people think that if someone makes more money a year, that they have a higher debt to pay, as a "fair share"? How about simply making ALL employed, of age americans pay 1000 a year, in taxes? I'm quite certain that would end up being more than the extra couple percent form the wealthy 1%.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Catawba;1059849843]You are the one that asked the question! How can I determine your fair share of Federal, State and Local taxes in "total dollars," if I do not know what your total annual income is from all sources?
    Do you want to tell me my financial obligations as well? How about the money I give to charity and to the church? Why does it matter how much I make, how much should my tax rate be in Federal, State, and Local Taxes since I am sure you want zero deductions so what percentage should I pay in all my taxes?


    Now you are off on another rant that has absolutely nothing to do with my point that our economy can no longer afford to continue the temporary tax breaks for the wealthiest Americans
    No tangent at all as you seem to know what my financial situation is and how much my obligations are. Temporary tax breaks? Again, so much passion for how much revenue goes to the Federal Govt! Do you realize what a fool liberalism is making out of you?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by KevinKohler View Post
    OK, so no one seems bent on trying to answer my question, so I'll try asking it a different way....


    What exactly do you think will happen when all of a sudden the wealthier class in amerca have their income taxed more? Anyone care to answer this, please?
    Depends on how much more? Thought the wealthier class in America gets mosts of their dollars from capital gains, stocks, etc, which is taxed at a different rate than "income" (salary). What we here most about is increasing "income" tax for those making 250K or more per year in income. May be splitting hairs, but unless Congress clarifies on what tax increase on what type of money, the results may be the richest don't pay anymore than they are now. If you tax to hard on the capital dollars, it just means the individual would have less to invest in companies.
    "I can explain it to you but, I can't understand it for you"

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Why does that matter? What is my fair share of Federal, State,and Local taxes in total dollars? All you want is class warfare and all you have is class envy. I believe it is more like jealousy and envy thus you want to penalize people like me who worked hard and achieved a lot. Now you want a cut of what I have made and don't believe I spend my money properly even though you don't know how much I make, how much I give to charity and the social work that I do yearly. Like all liberals you believe my money should go to a politician in D.C. so they can decide where to spend it thus bypassing many truly in need.
    you were asked a valid question....how about answering it? you asked what your fair share should be, you were asked for info that would allow him to give you an answer. no one here is jealous of you, and no gives a rats ass how much you give to charity, how much social work you do...it doesnt matter in the context of what is being discussed.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by digsbe View Post
    Drastic spending cuts need to take place, not taxing the rich more so that more of their money can be sucked into a government that wastes billions of dollars and passes spending bills that do no good. The answer is not to tax and spend, the answer is to spend less and reform the tax code to prevent tax loopholes from being abused.
    I entirely agree that we need to cut spending and close many of the tax loopholes. However it is also necessary to raise taxes in order to get the debt under control, I believe all of the tax brackets need to be raised slightly, however I believe that the rich need to bear the greatest part of the burden. It's not just about spending but revenue as well. Besides the idea that the government is going to recklessly spend money gained from increasing the tax rates on the rich doesn't make a lot of sense. If they're going to spend the money, whether or not they actually have the money, they are going to spend the money. I think the last eleven years(Both Bush and Obama) has proved politicians are not worried about a "little" debt.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by randel View Post
    you were asked a valid question....how about answering it? you asked what your fair share should be, you were asked for info that would allow him to give you an answer. no one here is jealous of you, and no gives a rats ass how much you give to charity, how much social work you do...it doesnt matter in the context of what is being discussed.
    It's a hard question to answer. And it's likely to vary from person to person, regardless of income. In my opinion, my fair share is exactly what I'm already paying, which is very little, really. When I HAD a fulltime job, I made around 46,000 a year. My wife makes 40,000. We have a house, and 2 kids. So we don't actually pay much in the way of taxes.

    I'll counter this question with a question, if that's OK. Why should a person who makes 250,000 a year be held accountable for more of the tax burden in this country than a person who makes 50,000 a year? Because he/she can better afford to, in people's opinion?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by alexxouellette View Post
    I entirely agree that we need to cut spending and close many of the tax loopholes. However it is also necessary to raise taxes in order to get the debt under control, I believe all of the tax brackets need to be raised slightly, however I believe that the rich need to bear the greatest part of the burden. It's not just about spending but revenue as well. Besides the idea that the government is going to recklessly spend money gained from increasing the tax rates on the rich doesn't make a lot of sense. If they're going to spend the money, whether or not they actually have the money, they are going to spend the money. I think the last eleven years(Both Bush and Obama) has proved politicians are not worried about a "little" debt.
    The rich already shoulder the lion's share of the tax burden. Why do you feel they should take on more?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by KevinKohler View Post
    The rich already shoulder the lion's share of the tax burden. Why do you feel they should take on more?
    and the rich have the lion's share of the money...my opinion, make more pay more....

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