View Poll Results: Where do you land?

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  • I am wealthy, and favor tax hikes for the wealthy

    9 10.34%
  • I am not wealthy, and favor tax hikes for the wealthy

    32 36.78%
  • I am wealthy, and against tax hikes for the wealthy

    0 0%
  • I am not wealthy, and against tax hikes for the wealthy

    34 39.08%
  • Other

    12 13.79%
  • Unsure

    0 0%
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Thread: Where do you land

  1. #51
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    Re: Where do you land

    Quote Originally Posted by BDBoop View Post
    So much talk about how the wealthy deserve this, and the rich need that. Where do you fall in all this?
    it's not a question of the rich need this or deserve that; that's a fundamental assumption fallacy - you are assuming that those who oppose you are opposing your central question rather than processing their own.


    The question we are responding to is: do we want the (already anemic) recovery to strengthen, or further weaken? Will hiking taxes raise revenue without destroying growth? Or not? Have revenue increases historically been used by Congress to pay down debt? Or justify further expansions in spending?



    If we want to talk about issues of "deserve", then I would ask what is fair. We have spent alot of money on the middle class, and reduced their share of paying for it significantly. the US now takes a larger share of it's tax burden from it's high-income-households than any other industrialized nation. we have a more progressive tax code than France.


    Frankly, I would like to see effective tax rates remain unchanged while we strip out all the special deals, loopholes, shelters, and other complexities and pork in the Tax Code. The boost to our economy from such a policy would be ginormous.

  2. #52
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    Re: Where do you land

    Quote Originally Posted by DiAnna View Post
    On a federal level, you bet I think it's time the wealthiest 1% pony up their share.
    the wealthy in this country pay a larger share of the revenue burden than any other industrialized nation - and their share has only been increasing. 6 of 10 households now consume more in government than they pay in - meaning that the wealthy are now paying their share, our share, and then paying us a little extra off the top.

    I agree. It is time we started letting them pay their fair share.



    we need to either lower top tax rates, or increase the middle and lower class ones. What's Fair Is Fair, after all.

  3. #53
    Unnecessary Middleman Bardo's Avatar
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    Re: Where do you land

    Quote Originally Posted by cpwill View Post
    the US now takes a larger share of it's tax burden from it's high-income-households than any other industrialized nation. we have a more progressive tax code than France.
    The second part to this statement isn't true. The US takes in alot of tax income from it's highest income households because there are alot of very high income households. France's tax brackets range from 0% to 40%. 0% being much lower than the US's lowest bracket and 40% being a bit higher than the US's highest bracket.
    "It has been said that man is a rational animal. All my life I have been searching for evidence which could support this." Bertrand Russell

  4. #54
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    Re: Where do you land

    Quote Originally Posted by cpwill View Post
    The question we are responding to is: do we want the (already anemic) recovery to strengthen, or further weaken? Will hiking taxes raise revenue without destroying growth? Or not?
    Hard to say. But I interpreted the poll question in a more general, long-term sense rather than whether or not we need to raise taxes right now. If we're specifically focusing on the impact it would have on the recovery...I'd probably still lean toward raising them somewhat, although less so than I would at any other time in the economic cycle.

    Have revenue increases historically been used by Congress to pay down debt? Or justify further expansions in spending?
    Revenue increases helped to reduce the debt-to-GDP ratio from 1945 to 1980, but debt has grown faster than GDP since 1980. So the answer is that BOTH of those have historical precedent.

    If we want to talk about issues of "deserve", then I would ask what is fair. We have spent alot of money on the middle class, and reduced their share of paying for it significantly. the US now takes a larger share of it's tax burden from it's high-income-households than any other industrialized nation. we have a more progressive tax code than France.
    We also have a lot more poverty and wealth disparity, and a lot less social mobility.

    Frankly, I would like to see effective tax rates remain unchanged while we strip out all the special deals, loopholes, shelters, and other complexities and pork in the Tax Code. The boost to our economy from such a policy would be ginormous.
    I would definitely support something along those lines.
    Last edited by Kandahar; 07-03-11 at 03:45 AM.
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  5. #55
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    Re: Where do you land

    No one has "landed" until we are horizonal and this life is over.
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

  6. #56
    Dungeon Master
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    Re: Where do you land

    This is basically my plan.

    So follow me into the desert
    As desperate as you are
    Where the moon is glued to a picture of heaven
    And all the little pigs have God

  7. #57
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    Re: Where do you land

    Quote Originally Posted by cpwill View Post
    the wealthy in this country pay a larger share of the revenue burden than any other industrialized nation - and their share has only been increasing.
    If you only look at the federal income tax, yes. But when you include all the regressive taxes that people pay (e.g. payroll, corporate, sales, and various state/local taxes) and take into account that much of the income tax is actually taxed at the lower capital gains rate, the overall tax structure in this country is essentially flat.
    http://www.ctj.org/pdf/taxday2011.pdf
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  8. #58
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    Re: Where do you land

    Quote Originally Posted by Bardo View Post
    The second part to this statement isn't true. The US takes in alot of tax income from it's highest income households because there are alot of very high income households. France's tax brackets range from 0% to 40%. 0% being much lower than the US's lowest bracket and 40% being a bit higher than the US's highest bracket.
    we also have a negative effective income tax rate. Gotta love those credits and deductions. In fact, six out of ten US Households receive more from the government than they pay in taxes. so yes. No Country Leans on Upper-Income Households as Much as U.S.

  9. #59
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    Re: Where do you land

    Quote Originally Posted by Kandahar View Post
    If you only look at the federal income tax, yes. But when you include all the regressive taxes that people pay (e.g. payroll, corporate, sales, and various state/local taxes) and take into account that much of the income tax is actually taxed at the lower capital gains rate, the overall tax structure in this country is essentially flat.
    http://www.ctj.org/pdf/taxday2011.pdf
    Capital Gains is overwhelmingly paid by the higher earners; so discussing their effect on effective rates hides the fact that they that population's share of the tax burden. Ditto for the other taxes you mentioned.

  10. #60
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    Re: Where do you land

    Quote Originally Posted by spud_meister View Post
    This is basically my plan.

    ****ing picture didn't work
    So follow me into the desert
    As desperate as you are
    Where the moon is glued to a picture of heaven
    And all the little pigs have God

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