View Poll Results: Do the Rich Pay Their Fair Share?

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  • Yes

    82 45.30%
  • No

    99 54.70%
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Thread: Do the Rich Pay Their Fair Share of Taxes in the United States?

  1. #1141
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by cpwill View Post
    got numbers?
    Ive got some numbers... Since 1982 the Top Corporate Tax Rate and the Rich top rate has been cut fully in half from 70% to 35%...So has the capitol Gains Tax. Heres some more A widening gap between rich and poor is reshaping the U.S. economy, leaving it more vulnerable to recurring financial crises and less likely to generate enduring expansions. Left unchecked, the decades-long trend toward increasing inequality may condemn Wall Street to a generation of unimpressive returns and even shake social stability, economists and financial-industry executives say. THe above means if the gap keeps widening there wont be enough middleclass to feed the pigs anymore. Growing Income Gap May Leave U.S. Vulnerable - Bloomberg CEO pays have soared and investors are beginning to get sick of it.... The Shareholder Insurrection Against CEO Pay Is Rippling Through The World's Largest Companies - Page 2 - Business Insider So lets critique CPWILL....The rich and corporartions pay half of what they did 20 yrs ago in taxs.....there are now less employed then there was when their taxs were double. There are far less americans paying taxs, thanks to the same CEOs and corporations sending jobs to china for cheap labor so they can grab even more bucks for themselves at the expense of Americans and America. The deficit we have has been created by the corporations and the rich creating HUGE unemployment by outsourcing all livable wage jobs and putting americans out of work...and more importantly CAUSING MILLIONS MORE TO BE UNDEREMPLOYED and unable to afford anything more than simple basics There are more americans without health insurance because corporations do not want to pay for healthcare or pensions they have stuffed all that money in thier pockets. The rich and corporations created this MESS this country is in out of PURE GREED...and now the teaparty wants to blame senior citizens on social security and the very poor with no available jobs on medicare and foodstamps...and they want THEM to pay the deficit while they get ANOTHER TAX CUT to what cpwill ? to create more jobs...LMAO... CPwill you know I respect you personally marine...but the more I listen to you and turtledude and others rant and rage...the more it drives me to the left....the callousness and disengenuousness of the right has become toxic and eventually theres going to be a big backlash against it... Some of the total morons that are backing the far right who dont have a pot to piss in or a window to throw it out of because of other reasons.. Like they are told the Democrats will take their guns OMG im broke dont have healtcare but im voting teaparty to keep my guns...NO ONE IS TAKING GUNS they cant impossible there would be a revolution...theres a variety of DUMBO reasons there are some supporting the far right and cutting their own throat...but they are too dumb to see that...shame on them....
    Last edited by lpast; 06-28-12 at 06:57 AM.

  2. #1142
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by lpast View Post
    Ive got some numbers... Since 1982 the Top Corporate Tax Rate and the Rich top rate has been cut fully in half from 70% to 35%...So has the capitol Gains Tax.
    ...and yet the share of taxes paid by upper income earners went up in that time period...


    A widening gap between rich and poor is reshaping the U.S. economy
    dude, the gap widens even if both incomes progress at the same rate. Growth compounds, remember?

    So lets critique CPWILL....The rich and corporartions pay half of what they did 20 yrs ago in taxs.
    actually they pay more. their nominal rates have been reduced.

    there are now less employed then there was when their taxs were double
    workforce participation is down, to be sure, but that is thanks to an anemic "recovery" marked by incredibly low growth.

    There are far less americans paying taxs, thanks to the same CEOs and corporations sending jobs to china for cheap labor so they can grab even more bucks for themselves at the expense of Americans and America.
    actually fewer americans are paying taxes thanks to the very tax cuts you just finished deriding.

    The deficit we have has been created by the corporations and the rich creating HUGE unemployment by outsourcing all livable wage jobs and putting americans out of work..
    do you even know what "outsourcing" is?

    and more importantly CAUSING MILLIONS MORE TO BE UNDEREMPLOYED and unable to afford anything more than simple basics
    actually incomes have gone up for all quintiles .

    There are more americans without health insurance because corporations do not want to pay for healthcare or pensions they have stuffed all that money in thier pockets.
    actually that is due to our idiotic system which drives up costs year after year after year. There are two areas' where the Government provides a net majority of the payments are education and welfare... and those are the two industries that see near or double digit inflation Every Year.

    CPwill you know I respect you personally marine...but the more I listen to you and turtledude and others rant and rage...the more it drives me to the left....the callousness and disengenuousness of the right has become toxic and eventually theres going to be a big backlash against it...
    and you as well, old soldier, but the more I read you the less I see logic and debate and the more I see hatred and bile.

    rant and rage? I only rage when I'm drinking and someone is less than utterly respectful to AMERICAR, EYAH!.

  3. #1143
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by haymarket View Post
    Quote Originally Posted by Turtle Dude
    no its not. He is a massive contributor. He funds far more government than you do. In sum, he is far more valuable to society than those like you who pay less FIT in a lifetime than he pays in a year
    Which is also irrelevant to the point being made about percentage of income being paid in taxation.
    So, you are saying that not only is he so productive that he is a greater benefit to society, but he can be a greater benefit to society with a lower percentage? that's awesome.

  4. #1144
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by Catawba View Post
    Is that what you heard on Fox news?

    "Romney hasn't released the details yet, but the NYT reported last month that, as part of his retirement agreement with Bain Capital, Romney "has probably qualified for a lower tax rate than ordinary income under a tax provision favorable to hedge fund and private equity managers."
    Carried Interest: Why Mitt Romney's Tax Rate Is 15 Percent : Planet Money : NPR

    Romney admits he pays lower tax rate than most Americans

    Obama likely paid higher tax rate than Romney in 2011
    Over and over and over again, this point has been upheld. He did pay more FIT than 97% of Americans. Unless you are in the top 2.5-2.8% of income earners, you pay less FIT with only standard deductions (you know, the ones everyone gets). The talking point about his income is debunked. And that is including his capital gains rate which is supposed to be so incredibly low.
    Omniscience just sucks without omnipotence!

  5. #1145
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by ttwtt78640 View Post
    That is what worries me the most. Once we have more voters than FIT payers there is a HUGE political advantage to making FIT payers fund ever more wonderful "vote buying" programs for the masses. It is very easy to be generous with other people's money.

    You got that right.

    Then those who don't pay taxes will out number those that have to pay taxes. Sounds like the paying citizen is in for a lifetime of serfdom to me. What happened to "paying your fair share"?

  6. #1146
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by Catawba View Post
    That 48% figure referred only to federal income tax. You said people who don't pay any taxes at all.





    FIT accounts for less than half the Federal taxes, and only 14% pay no taxes, mostly the destitute and the disabled.

    Right. This is the same argument everyone that cries "increase taxes" uses.

    I'll tell you what, I'll take the deal of paying all the other misc. taxes, if I don't have to pay federal and state taxes, can I get that deal?

  7. #1147
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by Catawba View Post
    Is it your contention that the 48% that pay no FIT do so because they enjoy living in or near poverty, or do you think it could be due to the unemployment, and underemployment due to the recession and outsourcing?

    I've got someone who is in the position you described. Been that way for 3 years. He just missed that CEO position at Apple, so he'll stay on the govt dole until another one opens up I guess. But he will do it now without the Bank of Billy kicking in funds; 3 years is enough funding from me.

    Bottom line he likes living on the bare minimum and doing nothing. It's a lot easier and evidently more to his liking that getting a job.

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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by TurtleDude View Post
    he must be counting FICA and ignoring the estate taxes Romney will pay and he will not pay

    And they vote.

  9. #1149
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by cpwill View Post
    So, you are saying that not only is he so productive that he is a greater benefit to society, but he can be a greater benefit to society with a lower percentage? that's awesome.

    I read this post and thought the same thing. But realized there is no convincing argument that will change a mindset like this.

  10. #1150
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?


    The Wealthy put much more strain on our infrastucture than do the working poor or unemployed poor. Mounting millions of tractor/trailers upon our roads & highways. Using millions of gallans of water, in manufacturing, fracking (where the rich wrote the rules for the EPA & is totally unregulated) which is contaminating water tables.
    Actually, I'm getting ****in' tired of carrying the rich.

    Quote Originally Posted by TurtleDude View Post
    you demand more government services than I do, you want more government than I do-time for you to man up and pay for what you want

    I was so much older then, I'm younger than that now. Bob Dylan

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