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. #191
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by molten_dragon View Post
    No, I'm not saying I want to screw you over by having a luxury tax. I'm simply pointing out that a sales tax could be made progressive as easily as an income tax could, and is therefore not inherently a more beneficial system to those that want flat taxation.

    you could have different tax rates on different items but that really wouldn't achieve what you want. and its rather silly to determine what is a luxury without knowing why something is being bought. For some guy on welfare-a wide screen TV is a luxury. For someone whose business is a sports bar not so much. For a suburban housewife, a big diesel truck is a luxury-for a contractor hauling lots of tools-nope.

  2. #192
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by NotEliTanenbaum View Post
    What do you think?
    What's the definition of Rich? $100k? $250k? $1 million? $10 million? Is that single or as a couple? Is that in New York City or small town Alabama?

    What's the definition of fair? How does one quantify that? In what manner of fairness are you focusing.

    The entire question is nonsensical. Tax policy should not be based on what's "fair" because "fair share" is an entirely subjective terminology based on individual opinion that has no real quantifiable measurement of any sorts.

  3. #193
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by Keridan View Post
    We are down to a difference of opinion and interpretation. I would love to continue, but I gotta crash so I can get up early for work. Maybe we can pick it up tomorrow.

    Good night!
    Hope you slept well.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  4. #194
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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
    "With the prebate program in effect, those earning less than $15,000 per year would see their share of the federal tax burden drop from -0.7 percent to -6.3 percent. Of course, if the poorest Americans are paying less under the FairTax plan, then someone else pays more. As it turns out, according to the Treasury Department, “someone else” is everybody earning between $15,000 and $200,000 per year. The chart below compares the share of the federal tax burden for different income groups under the current system and under the FairTax. Those in the highest and the lowest brackets will see their share decrease, while everyone else will see their share of taxes increase."
    FactCheck.org: Unspinning the FairTax

    I like how they compare the Fair Tax only to the Income tax, when the Fair Tax replaces all Federal taxation.... oh, and how they didn't even score the Fair Tax, but rather their own marked-up altered version.


    But you continue to try to dodge and divert. A flat tax on income is a flat tax. A regressive tax on income is bracketed, with higher rates at the lower brackets.
    Last edited by cpwill; 06-04-12 at 10:06 AM.

  5. #195
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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
    I like how they compare the Fair Tax only to the Income tax, when the Fair Tax replaces all Federal taxation.
    I agree that is not a good camparison, however, since the "fair tax" would require a massive overhaul of federal taxation, as most agree that it would require a constitutional amendment to implement, it is unlikely to be considered an option in the near future. At the current rate of our national debt increase, the near future is all that we may have left, before action is forced upon us from outside financial pressures, much like the "austerity" programs we now see in some EU nations.
    The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man. ― George Bernard Shaw, Man and Superman

  6. #196
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by PirateMk1 View Post
    So where do the poor get their money?
    I earn mine, no one gives me any money.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  7. #197
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by MoSurveyor View Post
    I earn mine, no one gives me any money.
    Its more complicated than that. If you demand X amount of government services or use X amount of government services but someone else has to pay more taxes than you do so you can enjoy that x amount of government services than they are giving you money

  8. #198
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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 precisely why capital gains, dividend and interst income are now taxed at a different (lower) rate, to encourage private investment.
    lol...wheres the investment...WHERE is it...thats just like the other bs story that the right toss' around...lower taxs for the RICH and they create jobs...LMAO...they pay half the taxs they did 20 yrs ago and not only didnt create any jobs..they sent millions to china.

    Look both sides need to get something straight...the Old lines bs stories about lowering taxs creates jobs is DEAD no one believes it...just like no one believes anymore theres a Racist under every rock <alongwith a lawyer> Suppressing all minorities...you people need to grow up and tell the truth for a change..

  9. #199
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by PirateMk1 View Post
    If the only exemptions are food, medicine and previously used items, then people are really only adversly affected when they buy an item other than those.
    Let's review. Capital gains taxes are lower because, in theory, if it's taxed less then people will invest more.

    Now you want to tax consumption, which by the same principle means you want to discourage consumption.
    In other words, you believe there is too much consumer demand right now, which is why you want to tax it.

    LOL! Who are you trying to kid?!?
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  10. #200
    warrior of the wetlands
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by MoSurveyor View Post
    Let's review. Capital gains taxes are lower because, in theory, if it's taxed less then people will invest more.

    Now you want to tax consumption, which by the same principle means you want to discourage consumption.
    In other words, you believe there is too much consumer demand right now, which is why you want to tax it.

    LOL! Who are you trying to kid?!?
    capital gains are also subject to much more risk than salary which is another reason why they are taxed lower. dividends are taxed lower because the same pile of money has already suffered a massive government grab before they are distributed

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