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Thread: 50% tax rate for high earners

  1. #31
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    Re: 50% tax rate for high earners

    Quote Originally Posted by PeteEU View Post
    That is formulated wrong.

    The "rich" will pay 50% tax on earnings OVER 150k. Very big difference.
    No, not really. It's still government telling people they make too much money.

  2. #32
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    Re: 50% tax rate for high earners

    Quote Originally Posted by celticlord View Post
    No, not really. It's still government telling people they make too much money.
    Two different things, and your attitude is typical of certain people who could give a crap about the rest of the world.. they are called egotists. The UK tax system, like the US tax system is a progressive tax system. That means the more you earn, the more you pay in real dollars and in % of the last dollar earned. It has been so since for over a century and in that century those societies implementing these forms of taxation have ruled the world so to say. No one likes to pay taxes, but at least I can admit that my tax dollars go to things that I find sensible and good for society as a whole. It aint perfect, but it is the best system we have as it stands now.
    Last edited by PeteEU; 04-23-09 at 10:48 AM.
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    Re: 50% tax rate for high earners

    Quote Originally Posted by obvious Child View Post
    You mean like the 86.45% marginal top tax rate under the Republican Senate and House in 1946? Interestingly enough, taxes went down after the Democrats retook Congress in 1948 for a few years.

    Even worse, the Republican congress under Eisenhower had a truly massive 91% marginal top tax rate and did not lower the tax rate while they maintained power for 2 years.

    Even more interestingly, the lowest marginal tax bracket in recent US history, at 28% was under Democrats in 1988, partially which can be attributed to Reagan, but remember that the Executive branch writes no laws and tax code is legislated through Congress. And Reagan was a Uber-Liberal when it came to spending.

    The lowest since the 20th century was a mere 7% which again was under Democrat Congressional control.

    Facts, you know. Use 'em.

    Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)
    History of the United States Congress - Wikipedia, the free encyclopedia
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  4. #34
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    Re: 50% tax rate for high earners

    Quote Originally Posted by Laila View Post
    LOL
    I'm not rich, i'm a student.
    When i go into my field i'd be taxed 45%.
    That's not enough.
    You're a Liberal, and you should set an example.

    Live in a cave.
    Eschew electricity.
    Bicycle to work or school.
    Bathe monthly in the local river.
    Pay a minimum of 70% of your earnings in taxes and then go to the government if you're in a pinch and need help.
    If you get pregnant, that's a huge carbon footprint you'd bring into the world; abort it.
    Go vegetarian.

    Just for starters.

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    Re: 50% tax rate for high earners

    Quote Originally Posted by PeteEU View Post
    Two different things, and your attitude is typical of certain people who could give a crap about the rest of the world.. they are called egotists. The UK tax system, like the US tax system is a progressive tax system. That means the more you earn, the more you pay in real dollars and in % of the last dollar earned. It has been so since for over a century and in that century those societies implementing these forms of taxation have ruled the world so to say. No one likes to pay taxes, but at least I can admit that my tax dollars go to things that I find sensible and good for society as a whole. It aint perfect, but it is the best system we have as it stands now.
    Marx's progressive taxation hasn't been around a century in the US.

    Why should the US follow the second rate EU countries?
    Hell, we helped destroy them and then helped build them.
    You'd think these nitwits would get a clue... as their third rate citizens left and created the greatest nation for good in the world.

    And you try to tell me on another thread Europeans aren't "clueless".
    They are... it's how you get the hordes of sheep you folks call citizens.

    50% taxes, 45% taxes, 39% taxes... is criminal.
    The government is too big, too incompetent and spends too much... the roles need be reversed.
    Government gets to live off our scraps, not the other way round.

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    Last edited by zimmer; 04-23-09 at 01:01 PM.
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  6. #36
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    Re: 50% tax rate for high earners

    Quote Originally Posted by PeteEU View Post
    The UK tax system, like the US tax system is a progressive tax system. That means the more you earn, the more you pay in real dollars and in % of the last dollar earned. It has been so since for over a century and in that century those societies implementing these forms of taxation have ruled the world so to say.
    Anyone with half a brain understands that this is simple, irrelevant, correlation.
    Show the necessarly relationship between 'progressive taxation' and 'ruling the world'.

    No one likes to pay taxes, but at least I can admit that my tax dollars go to things that I find sensible and good for society as a whole.
    That you find those things sensible doesnt in any way create a sound argument for them, or for progressive taxation.

    Progressive taxation is a manifestation of 'from each according to his means to each according to his needs', and nothing more.

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    Re: 50% tax rate for high earners

    Quote Originally Posted by PeteEU View Post
    No one likes to pay taxes, but at least I can admit that my tax dollars go to things that I find sensible and good for society as a whole. It aint perfect, but it is the best system we have as it stands now.
    Damn few tax dollars go for anything remotely sensible, and most tax dollars go to things that are decidedly bad for society as a whole and for individuals.

    If every last dime of my taxes went to sensible things like defense spending, I might be less troubled (although I'd still want to make sure the spending was prudently done). If every last dime of my taxes went to sensible things like roads and bridges, I might be similarly less troubled. As barely a dime of my taxes goes to either of these sensible things, or any other sensible thing, taxes are thus divorced from any justification, and are merely government coercively telling the putatively "rich" that they make too much money.

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    Re: 50% tax rate for high earners

    Quote Originally Posted by PeteEU View Post
    That is formulated wrong.

    The "rich" will pay 50% tax on earnings OVER 150k. Very big difference.
    Why should they have to?
    "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)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: 50% tax rate for high earners

    Quote Originally Posted by PeteEU View Post
    Two different things, and your attitude is typical of certain people who could give a crap about the rest of the world.. they are called egotists. The UK tax system, like the US tax system is a progressive tax system. That means the more you earn, the more you pay in real dollars and in % of the last dollar earned. It has been so since for over a century and in that century those societies implementing these forms of taxation have ruled the world so to say. No one likes to pay taxes, but at least I can admit that my tax dollars go to things that I find sensible and good for society as a whole. It aint perfect, but it is the best system we have as it stands now.
    Nice attempt to sneak in an insult.
    "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)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: 50% tax rate for high earners

    PeteEU doesn't understand what "liberty" really is.
    "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)
    "Fly-over" country voted, and The Donald is now POTUS.

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