View Poll Results: Someone making 40K per year should not pay more in taxes than someone making 10 mil

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Thread: Someone making 40K per year should not pay more in taxes than someone making 10 mil

  1. #1
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    Someone making 40K per year should not pay more in taxes than someone making 10 mil

    Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree

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    Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

    Quote Originally Posted by Luna Tick View Post
    Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree
    no one should pay more or less.

    #flattax

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    Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

    Quote Originally Posted by DarkWizard12 View Post
    no one should pay more or less.

    #flattax
    Flat tax will never work. There are people out there that can't afford to pay any taxes.

    A flat tax with a cost of living deduction should work okay though.
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    Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

    I'd like a flat tax past a certain point, but I dunno if it's at 40K, probably closer to 60K or 70K.
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    Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

    Quote Originally Posted by Luna Tick View Post
    Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree
    Is the question about paying "more" in terms of percentage of income, or just flat out dollars?

    Either way, I agree.

  6. #6
    warrior of the wetlands
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    Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

    Quote Originally Posted by Luna Tick View Post
    Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree
    They don'. Right now someone making more than ten million in year pays more federal income taxes than most of the people making 40K combined

    your poll is stupid btw, such an extreme has no validity. The current debate involves someone with an earned income of 300K paying a higher effective FIT rate than someone with solely investment income of 5 million a year or so

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    Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

    Quote Originally Posted by molten_dragon View Post
    Flat tax will never work. There are people out there that can't afford to pay any taxes.

    A flat tax with a cost of living deduction should work okay though.
    people who cannot afford any taxes shouldn't be demanding others pay even more taxes

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    Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

    Quote Originally Posted by Luna Tick View Post
    Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree
    yes and no.

    First, are you saying more in terms of percentage or more in terms of money?

    If it's in terms of static money...I agree, a 40k per year person should be likely paying less in taxes than someone making 10 mil.

    Percentages? That gets tricky.

    Are you talking strict income or any form of monetary gain.

    For example, if someone inherits money that ends up being 10 mil I'd have less issue if that person making 10 mil pays a lower percentage than the 40k person.

    I also think looking at singular individuals is unrealistic for fixing an "issue". If you have 100 people, and 2 of them are gaming the system, I don't see that as something where you need to hold out those 2 people as an example of why you need to pass something that essentially punishes those other 100.

    Part of the pitfalls of a convoluted swiss cheese like tax system is that there are loopholes. I'm for closing loopholes when its clear they can be closed without having wider impact. However, often with our convoluted system when you go to stop one leak you just cause pressure to shoot out two more leaks.

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    Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

    no vote
    IRS simplication...my idea....do nothing, absolutely no changes...no matter how complex it is, the people will get used to it.
    I detest change for the sake of change.
    But in fairness (Conservatives - look up the meaning), the percentage taxable must be changed to that of the Clinton era.
    The Bush era reduced tax rates were the wrong thing to do.
    And, sorry, Turtle, even if (I wish), pay no taxes, I will not give up my voice in this matter..Tutrtle, your reasoning is strange..

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    Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

    Quote Originally Posted by earthworm View Post
    But in fairness (Conservatives - look up the meaning)
    I've looked at the definition. Its an entirely subjective based standard that has no concrete definite methods of measurement and as such is an unquantifiable, intangable entity which is why it's so useful as political capital as it allows those who attempt to use it to redefine the terms of what the definition refers to as they see fit.

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