View Poll Results: Should the rich pay higher taxes?

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  • Yes

    54 36.24%
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    88 59.06%
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Thread: Are you part of the majority of Americans who feel the rich should pay higher taxes?

  1. #71
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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 Harry Guerrilla View Post
    I know, but a great many middle income people don't pay federal income taxes.
    If you add in all the deductions that one can take, some of those middle income people pay little to no federal income taxes.
    Their effective tax rate can be single digit to negative.

    13% of the 'half of all earners don't pay income taxes' are middle income earners with enough itemized deductions that they owe no income taxes. They still paid federal taxes, however.


    You want to propose taxing them more, go ahead. Has nothing at all to do with widespread American support for exactly the kind of tax that Obama has proposed. It's the right thing to do, and you know it, even if you're arguing against it out of some partisan affiliation.
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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 TheDemSocialist View Post
    Oh yes! Lets go back to the 1700's!!!
    0% income tax!! Brilliant! Lets forget that back in the 1700's we were a smaller community, and the vast majority worked on farms! Brilliant!
    1 even as a strawman? that stunk. however, I would love to go back to the Constitutional bounds of government.

    2. the 18th and 19th century....


    this would be the era in history when we also had the largest explosion in population, wealth, and development, moving from 13 small huddled communities on the eastern seaboard to spanning a continent and then some, yes?

  3. #73
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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 jackalope View Post
    13% of the 'half of all earners don't pay income taxes' are middle income earners with enough itemized deductions that they owe no income taxes. They still paid federal taxes, however.


    You want to propose taxing them more, go ahead. Has nothing at all to do with widespread American support for exactly the kind of tax that Obama has proposed. It's the right thing to do, and you know it, even if you're arguing against it out of some partisan affiliation.
    How is it the right thing to do?
    Just because a majority supports it, doesn't automatically make it right.
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  4. #74
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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 Harry Guerrilla View Post
    I know, but a great many middle income people don't pay federal income taxes.
    If you add in all the deductions that one can take, some of those middle income people pay little to no federal income taxes.
    Their effective tax rate can be single digit to negative.
    Buffet is not talking about FIT, he is talking about total taxes. About 3% pay no taxes, and they are the poorest of poor, not the middle class.
    Last edited by Catawba; 09-20-11 at 07:57 PM.
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  5. #75
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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
    Buffet is not talking about FIT, he is talking about total taxes.
    Yea and then we you account for refundable tax credits, a lot of people still pay little to no, even negative taxes.
    In total.

    Quote Originally Posted by Catawba View Post
    About 3% pay no taxes, and they are the poorest of poor, not the middle class.
    Bull.
    You haven't accounted for refundable tax credits, which reduce a person's total effective tax rate into the negative.
    Last edited by Harry Guerrilla; 09-20-11 at 07:59 PM.
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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 Harry Guerrilla View Post
    Yea and then we you account for refundable tax credits, a lot of people still pay little to no, even negative taxes.
    In total.



    Bull.
    You haven't accounted for refundable tax credits, which reduce a person's total effective tax rate into the negative.
    Define, "a lot of people", that get more benefits than the amount they pay in taxes, and please provide a link to back it up.
    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

    Just to further support my point.

    Quote Originally Posted by IRS
    Preview of 2011 Tax Year

    Earned Income and adjusted gross income (AGI) must each be less than:

    $43,998 ($49,078 married filing jointly) with three or more qualifying children
    $40,964 ($46,044 married filing jointly) with two qualifying children
    $36,052 ($41,132 married filing jointly) with one qualifying child
    $13,660 ($18,740 married filing jointly) with no qualifying children
    Tax Year 2011 maximum credit:

    $5,751 with three or more qualifying children
    $5,112 with two qualifying children
    $3,094 with one qualifying child
    $464 with no qualifying children
    Preview of 2011 EITC Income Limits, Maximum Credit Amounts and Tax Law Updates

    The highlighted portion is the refundable tax credit rate for tax year 2011.
    Meaning that, if you fall into the child/income guidelines you can get a check mailed to you from the IRS for the amount listed.
    In actuality, it can be much more with the other refundable credits available.
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  8. #78
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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

    one day atlas will shrug and all the teat suckers are gonna wonder where the milk went
    Agreed. They will also be wondering why their tax rates increased.
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  9. #79
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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 Bardo View Post
    Agreed. They will also be wondering why their tax rates increased.
    true, when the rich stop avoiding taxes, those who are net tax consumers will have to start paying more taxes



  10. #80
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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 Harry Guerrilla View Post
    How is it the right thing to do?
    Just because a majority supports it, doesn't automatically make it right.
    Because it is not right that the wealthiest pay a lower percentage that working stooges. Is it even really a question in your mind? "Should the wealthiest pay at least as high a percentage in federal taxes as middle-income earners?"


    HELL YES!


    Why aren't they already!?
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