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Thread: The Millionaires Who Pay the Highest Tax Rate

  1. #81
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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by TurtleDude View Post
    You are incorrect. MOst of us who have investments have saved and worked hard to have money to invest.
    Bull****, you didn't build that.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: The Millionaires Who Pay the Highest Tax Rate

    It just again shows how messed up the tax system is. Too few people paying in, using arbitrary rules to tax them, and using the tax code to try and force behavior. Its really not understandable how anyone can like the system and not support a total overhaul.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Lets also not forget that millionaires and every one else also paid 7.5% payroll tax on wages, which went into social security and general tax, and govt cut that, reducing the revenue for SS, which was already not taking in enough. That will expire in 30 days.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    I'm sure there are many others who feel as you do. However, your feelings and reality have taken divergent courses.

    Assuming you work, I'm confident that you do pay taxes. If you don't work, I'm (assuming) that you receive free money from the USG. Declaring your independence means nothing.

    The progressive tax system has become the default because its the only strategy that has at least some element of fairness to it. You could argue that we have a head tax, a flat tax, or even the brilliant Speckle-tax BUT the fact is, none of these alternate systems have any chance of becoming law.

    And yes, your Government does many things that are not outlined in the Constitution. The original Constitution and its subsequent Bill Of Rights and other amendments have long since been modified, sometimes for better and sometimes for worse. But trying to use the Constitution as a point of debate, is just hopeless.

    So, since the government engages in many activities and maintains the largest military in the world, and you don't have a choice, these activities must be funded some way. Since my idea of no taxes, kust prnt the money, has been met with a deafening silence, the current tax system is the best we have go so far. The major flaw is the thousands of loopholes created by corrupt politicians in collusion with their donor beneficiaries. Just eliminating ALL deductions and loopholes would provide more than enough funding but this peculiar empathy we show to the Daddy Warbucks set and the absence of income from The Little Orphan Annie set, seems to preclude any such logical action. So, taxes will have to increase ands new loopholes will b3 created or discovered to reward certain beneficiaries.

    A flat tax is as utterly regressive as the so called "Fair Tax" and I''ve never understood the advocacy for this.



    Quote Originally Posted by jonny5 View Post
    If the choice is honor what elected officials do, or dont. Then I choose dont. It is pretty obvious by now that the Supreme Court, and govt in general can be wrong and abusive. Saying that anything they do must be legal because no one has said otherwise yet is a recipe for disaster.

    So if we accept that there is no power in the constitution for the govt to run either a medical insurance program, retirement insurance, nutrition assistance, education loans, or own a auto company, then once you strip the functions of govt down to what is actually in the constitution, the federal cost is significantly lower. If you then further accept that every citizen who is able to pay for these services should at the very least contribute the same share of what they are able to (flat tax), that number is probably 10% or less.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by jonny5 View Post
    It just again shows how messed up the tax system is. Too few people paying in, using arbitrary rules to tax them, and using the tax code to try and force behavior. Its really not understandable how anyone can like the system and not support a total overhaul.
    Laziness combined with greed have prevented a overhaul, even though the public seems to want one.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by Blue_State View Post
    Laziness combined with greed have prevented a overhaul, even though the public seems to want one.
    The public only thinks they want one, because that is what they see on TV. They really don't as most have no idea what it even means. All they 'know' is the news and Obama says all rich people are paying less taxes than them.
    “Tyranny is defined as that which is legal for the government but illegal for the citizenry.”
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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by TurtleDude View Post
    Here in cincinnati, many people work their lives with Proctor and Gamble and retire on P&G stock the parasites want those people to suffer huge tax increases on dividends.
    That is the ironic part to me. Workers are more likely to need dividends for their retirement than Bill Gates but let's punish everybody with a mutual fund in the name of leveling the playing field against the wealthy. I feel like I am trying to protect democrats from themselves sometimes with this crap because they tow the Obama line without any concept of what it will really mean to them.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by specklebang View Post
    I'm sure there are many others who feel as you do. However, your feelings and reality have taken divergent courses.

    Assuming you work, I'm confident that you do pay taxes. If you don't work, I'm (assuming) that you receive free money from the USG. Declaring your independence means nothing.

    The progressive tax system has become the default because its the only strategy that has at least some element of fairness to it. You could argue that we have a head tax, a flat tax, or even the brilliant Speckle-tax BUT the fact is, none of these alternate systems have any chance of becoming law.

    And yes, your Government does many things that are not outlined in the Constitution. The original Constitution and its subsequent Bill Of Rights and other amendments have long since been modified, sometimes for better and sometimes for worse. But trying to use the Constitution as a point of debate, is just hopeless.

    So, since the government engages in many activities and maintains the largest military in the world, and you don't have a choice, these activities must be funded some way. Since my idea of no taxes, kust prnt the money, has been met with a deafening silence, the current tax system is the best we have go so far. The major flaw is the thousands of loopholes created by corrupt politicians in collusion with their donor beneficiaries. Just eliminating ALL deductions and loopholes would provide more than enough funding but this peculiar empathy we show to the Daddy Warbucks set and the absence of income from The Little Orphan Annie set, seems to preclude any such logical action. So, taxes will have to increase ands new loopholes will b3 created or discovered to reward certain beneficiaries.

    A flat tax is as utterly regressive as the so called "Fair Tax" and I''ve never understood the advocacy for this.
    Its not regressive because the rich still pay more. 10% of a million is more than 10% of 40,000. And we do have a choice. The voters choose to continue punishing a minority of the country for the benefit of the majority. I choose not to, which is why I dont vote, and I avoid the federal govt wherever possible.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    Quote Originally Posted by Fisher View Post
    That is the ironic part to me. Workers are more likely to need dividends for their retirement than Bill Gates but let's punish everybody with a mutual fund in the name of leveling the playing field against the wealthy. I feel like I am trying to protect democrats from themselves sometimes with this crap because they tow the Obama line without any concept of what it will really mean to them.
    Which is why we have to stop. Let them hang themselves.

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    Re: The Millionaires Who Pay the Highest Tax Rate

    It is regressive. I make $10K and pay $1K leaving me with $9K. You make $1M and pay $100K leaving you with $900K. We both need a car. I can't buy one with a year of income, you can buy 20 of them (but you won't).

    Nobody advocates total equality. But yes, higher incomes can and should pay a higher percentage. The taxes we have now and are under discussion are not unreasonable.

    Quote Originally Posted by jonny5 View Post
    Its not regressive because the rich still pay more. 10% of a million is more than 10% of 40,000. And we do have a choice. The voters choose to continue punishing a minority of the country for the benefit of the majority. I choose not to, which is why I dont vote, and I avoid the federal govt wherever possible.

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