Page 12 of 16 FirstFirst ... 21011121314 ... LastLast
Results 111 to 120 of 151

Thread: The Millionaires Who Pay the Highest Tax Rate

  1. #111
    Banned
    Join Date
    Nov 2012
    Location
    Denio Junction
    Last Seen
    11-13-14 @ 12:09 AM
    Lean
    Other
    Posts
    7,039
    Blog Entries
    4

    Re: The Millionaires Who Pay the Highest Tax Rate

    Depends on "who" you are. If you tax something and are a taker from society you get more of it. Ultimately the tax debate is all about taking from the few and giving to the many so the political power of the giver is paid for and their future is delightful - just like another round of golf.


    Quote Originally Posted by jonny5 View Post
    The economic benefit is to encourage economic activity. When you tax something you get less of it.

  2. #112
    Advisor JRog's Avatar
    Join Date
    Aug 2012
    Last Seen
    12-20-12 @ 01:41 PM
    Lean
    Progressive
    Posts
    569

    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by CalGun View Post
    Ultimately the tax debate is all about taking from the few and giving to the many so the political power of the giver is paid for and their future is delightful - just like another round of golf.
    Maybe from your perspective, but not among economists.

  3. #113
    Sage

    Join Date
    Mar 2012
    Location
    Republic of Florida
    Last Seen
    Yesterday @ 04:48 PM
    Gender
    Lean
    Libertarian
    Posts
    14,040

    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by JRog View Post
    Except that the last 30 years has shown this not to be true. The only benefit from reduced taxes on investment income is potentially an increase in capital for investment. An important fact is that capital for investment is NOT revenue. It does NOT stimulate economic growth. The benefit of capital is that it provides the funding for growth, similar to a loan, but it does not provide a reason for growth. Companies grow with increased demand, not with available capital.
    The 80s-00s when capital gains taxes have gone down has indeed show a higher rate of economic growth.

  4. #114
    Sage

    Join Date
    Mar 2012
    Location
    Republic of Florida
    Last Seen
    Yesterday @ 04:48 PM
    Gender
    Lean
    Libertarian
    Posts
    14,040

    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by CalGun View Post
    Depends on "who" you are. If you tax something and are a taker from society you get more of it. Ultimately the tax debate is all about taking from the few and giving to the many so the political power of the giver is paid for and their future is delightful - just like another round of golf.
    The it I was referring to was the thing that is being taxed. If you tax tanning beds, people will tan less. If you tax cigarettes, people will buy less cigaraettes.

  5. #115
    Advisor JRog's Avatar
    Join Date
    Aug 2012
    Last Seen
    12-20-12 @ 01:41 PM
    Lean
    Progressive
    Posts
    569

    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by jonny5 View Post
    The 80s-00s when capital gains taxes have gone down has indeed show a higher rate of economic growth.
    As a result of technological breakthroughs, the addition of women in the workplace, and extension and regularity of credit. The decreases in capital gains taxes followed the growth of consumerism to provide the capital for growth, not the demand required for it.

  6. #116
    Banned
    Join Date
    Nov 2012
    Location
    Denio Junction
    Last Seen
    11-13-14 @ 12:09 AM
    Lean
    Other
    Posts
    7,039
    Blog Entries
    4

    Re: The Millionaires Who Pay the Highest Tax Rate

    Yuup I understand and the takers will get more, and those giving to them will get more votes, and another round of golf


    Quote Originally Posted by jonny5 View Post
    The it I was referring to was the thing that is being taxed. If you tax tanning beds, people will tan less. If you tax cigarettes, people will buy less cigaraettes.

  7. #117
    Discount Philosopher
    specklebang's Avatar
    Join Date
    Jan 2012
    Location
    Las Vegas
    Last Seen
    06-05-14 @ 08:26 PM
    Lean
    Other
    Posts
    11,524

    Re: The Millionaires Who Pay the Highest Tax Rate

    We can not expect universal agreement on anything.

    When we vote, we are choosing the ones who make these decisions on our behalf. Some will agree and some won't. There are many high income people who are comfortable with higher taxes and some who are vehemently opposed. By having a "government" we have delegated this authority, for better or worse. We can only hope that these powers will be used wisely. Definitely, they are usually used unwisely as far as I'm concerned but our social contract compels me to comply with these decisions.

    In the case of the proposed tax modifications, I think you'll be surprised at the substantial percentage that will agree. INHO, the amounts involved can be described as unfortunate, but not catastrophic.




    Quote Originally Posted by jonny5 View Post
    But if we agree on a trade of labor for money, whatever that may be, its fair because we both accepted it. The same can go for taxation. If we agree with govt on a tax for service trade, then thats fair. But we dont have that choice. Govt simply does whatever it wants and send some people the bill.

  8. #118
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Yesterday @ 09:18 PM
    Gender
    Lean
    Conservative
    Posts
    30,322

    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by JRog View Post
    In our tax system, equality is not meaures as a static percentage on income. It's measured by financial hardship imposed. The argument for a progressive tax is that the wealthy suffer less financial hardship from higher rates than the poor do. Remember, dollars and cents are a medium through which we measure value, and value affords a certain standard of living. When you start looking at income and taxes from the point of view of how it affects a person's life rather than a static number of dollars, then you will better understand the tax code.

    Ah, so progressives use the tax code to punish success....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  9. #119
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Yesterday @ 09:18 PM
    Gender
    Lean
    Conservative
    Posts
    30,322

    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by specklebang View Post
    We can not expect universal agreement on anything.
    Ain't that the truth....Lately I think if not only for the contrarian value of it.

    When we vote, we are choosing the ones who make these decisions on our behalf. Some will agree and some won't.
    Really? Why that's brilliant....I had no Idea....

    There are many high income people who are comfortable with higher taxes and some who are vehemently opposed.
    Well, let the high income people so willing to give others money away, stroke that check themselves...They can do so now you know....

    By having a "government" we have delegated this authority, for better or worse.
    Yep, and they are supposed to answer to us, not the highest bidder.

    We can only hope that these powers will be used wisely.
    You mean like when they ram through a trillion dollar stimulus that gets wasted on crony's and green energy pipe dreams, then laughed about later?

    Definitely, they are usually used unwisely as far as I'm concerned but our social contract compels me to comply with these decisions.
    No, there are remedies, but the most recent one, the stupidity won over the rational.

    n the case of the proposed tax modifications, I think you'll be surprised at the substantial percentage that will agree. INHO, the amounts involved can be described as unfortunate, but not catastrophic.
    The level of catastrophe will be in the eye of the beholder....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  10. #120
    Advisor JRog's Avatar
    Join Date
    Aug 2012
    Last Seen
    12-20-12 @ 01:41 PM
    Lean
    Progressive
    Posts
    569

    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by j-mac View Post
    Ah, so progressives use the tax code to punish success....
    It's called tax theory. Maybe you should learn a little about it rather than regurgitating talking points.

Page 12 of 16 FirstFirst ... 21011121314 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •