View Poll Results: Should the rich pay higher taxes?

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  • Yes

    54 36.24%
  • No

    88 59.06%
  • Other

    6 4.03%
  • I don't know

    1 0.67%
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Thread: Are you part of the majority of Americans who feel the rich should pay higher taxes?

  1. #211
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    Re: Are you part of the majority of Americans who feel the rich should pay higher tax

    Quote Originally Posted by TurtleDude View Post
    ah the class envy argument
    Ah, the spoiled rich brat argument.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Are you part of the majority of Americans who feel the rich should pay higher tax

    Quote Originally Posted by Cephus View Post
    Hey, you're the one who said everyone ought to have fair and equal treatment. So when do I get what the poor get without paying a penny in income tax?

    Or is this another liberal attempt to make the wealthy foot the bill?
    What handout are you talking about????
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Are you part of the majority of Americans who feel the rich should pay higher tax

    Quote Originally Posted by Cephus View Post
    What percentage of your total income do you pay in income taxes, taking into account tax credits and breaks?
    You have to look at all the federal taxes, not just income taxes, and I pay a higher percentage of my total income than the rich who's income comes primarily from investments. That's what needs to be fixed.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #214
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    Re: Are you part of the majority of Americans who feel the rich should pay higher tax

    Quote Originally Posted by Actinium View Post
    It's a good point, but consider who's buying the more expensive stuff.
    he's also wrong because he refuses to account for the broadening of the tax base to include our illegal populace and underground economic actors.

  5. #215
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    Re: Are you part of the majority of Americans who feel the rich should pay higher tax

    Quote Originally Posted by VanceMack View Post
    We arent in massive debt because we dont take in enough taxes...we are in massive debt because congress spends money like crack whores.
    Crack whores tend to be very frugal with most of their spending... They have to have most of their money left over to buy more crack.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

  6. #216
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    Re: Are you part of the majority of Americans who feel the rich should pay higher tax

    Quote Originally Posted by Catawba View Post
    Ah, the spoiled rich brat argument.
    wrong-its opposing the poor poor pitiful me loser argument



  7. #217
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    Re: Are you part of the majority of Americans who feel the rich should pay higher tax

    Quote Originally Posted by Catawba View Post
    You have to look at all the federal taxes, not just income taxes, and I pay a higher percentage of my total income than the rich who's income comes primarily from investments. That's what needs to be fixed.
    No you don't, that is a lie that has been debunked constantly, Those of us making more than a million are paying total federal taxes of about 30% rate, someone like you is less than 15%



  8. #218
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    Re: Are you part of the majority of Americans who feel the rich should pay higher tax

    Payroll taxes are for all intents and purposes income taxes just like the federal income tax is. The federal government operates on a unified budget. For all intents and purposes your payroll taxes pay for the same federal outlays that income taxes pay for. In fact, surpluses in payroll taxes subsidised deficits in general outlays prior to the recession. Prior to the recession, payroll taxes payed by the poor and middle class subsidised the income tax cuts on the top bracket.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

  9. #219
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    Re: Are you part of the majority of Americans who feel the rich should pay higher tax

    I don't think most people understand how the tax brackets are structured. They hear that the top tax bracket is 35% and think that the zillionaires should be paying 35% of their taxable income. That's not how it works... Say your Adjusted Gross Income (AGI) was a half million dollars ($500,000) and you're married filing jointly....

    The first $16,050 is taxed at 10%.
    The next $49,050 is taxed at 15%
    The next $66,350 is taxed at 25%
    The next $68,850 is taxed at 28%
    The next $157,400 is taxed at 33%
    Anything over $357,700 is taxed at 35%

    In this simplistic example the actual net tax rate would actually be 29.32%. Not 35%.

    I stumbled into some interesting individual income tax data published by the IRS in the fall of 2010 for tax year 2008. It summarizes all the individual tax returns that had a positive AGI (and therefore taxable income).

    The top 1% paid taxes at an average rate of 23.27%
    The next 4% paid an average rate of 17.21%
    Those in the next 5%-10% paid an average of 12.44%
    The next 10%-25% paid an average of 9.29%
    Those down in the 25%-50% range paid an average of 6.75%
    And the bottom 50% averaged just 2.59% tax rate

    The average taxes paid by everybody combined was just 12.24% of AGI

    In theory, a couple filing jointly with an AGI of $50,000 would pay 13.4% in total income tax.
    In fact, the top 50% of 2008 filers (including the zillionaires) paid an average of just 13.65% in taxes...

    What's with that?

    The Tax Foundation - Summary of Latest Federal Individual Income Tax Data

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    Re: Are you part of the majority of Americans who feel the rich should pay higher tax

    Quote Originally Posted by Catawba
    Good then it should not be a problem for you when the tax breaks on the rich for investments and inheritance are eliminated. Without the working class, you would not have as much wealth to pay taxes on. I understand you feel entitled to continuing your temporary tax breaks, but this feeling will pass with time.
    I am about to punch you in the fackin face.

    THERE WILL ALWAYS BE A WORKING CLASS. If the people who comprise it now do not want that status, they can quit - others will come up to take their place. Quit acting and arguing like it's some tablecloth you can yank out from underneath that will cause all the wealthy dishes to fall and break. This whole pro-proletariat bullsnot is really beginning to irk me. I have to put up with it from all these damned teenaged socialists and pseudo-Marxists. I can't take another source.

    Workers of the world unite...and shut your yaps.

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