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. #251
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by VanceMack View Post
    Define 'receive'. Is there some magic gifting program from the federal money fairy that is 'giving' the 1% their income? Or the top 7%? Cuz...funny...I thought we EARNED it.
    If it's investment income it's not earned - or haven't you been paying attention?
    Mt. Rushmore: Three surveyors and some other guy.
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  2. #252
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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
    If it's investment income it's not earned - or haven't you been paying attention?
    You arent serious are you???

  3. #253
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    ttwtt78640's Avatar
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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
    How do you think they passed the 16th amendment? They promissed not to go over 1% on the income tax.
    BS, provide the link. I believe that they toyed with the idea of a 10% max, but thought better of it, as the top rate originally was 3%, and thought that might simply encourage raising it that high unnecessarily.
    Last edited by ttwtt78640; 06-04-12 at 07:15 PM.
    “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

  4. #254
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by VanceMack View Post
    One EARNS a paycheck. No one gifts it. As such, no one is entitled to what you have EARNED. It may seem nitpicky to YOU...but I promise you, the difference is very real to people actually EARNING their way in life, especially when so many people insist that it isnt FAIR that people that EARN their income dont have more of it involuntarily taken from them and GIVEN to the pathetic perpetual handout crowd. "Fair share" indeed.
    In other words, no, you do not intend to make any relevant points, and just want to nitpick over word choice. Go do it with someone else then, I have no interest in playing along.
    If you build a man a fire, he'll be warm for a day.

    If you set a man on fire, he'll be warm for the rest of his life.

  5. #255
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by VanceMack View Post
    You arent serious are you???
    Is investment income treated the same as earned income?
    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

  6. #256
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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
    In other words, no, you do not intend to make any relevant points, and just want to nitpick over word choice. Go do it with someone else then, I have no interest in playing along.
    that you see it as mere nitpicking speaks volumes about you. I would at LEAST have more respect for people if they abandoned the 'fair share' lie and just came right out and said..."look...its not 'fair'...and we damn sure arent paying 'ours' but we want to take more of the money you have earned anyway." At least that would be honest.

  7. #257
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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
    Is investment income treated the same as earned income?
    IS it EARNED? I promise you...I lay out the investment capital. I take the risk. It is absolutely 'earned'. Is it TAXED the same way? No. But is it earned? You bet. The only ones that see it otherwise are people with little to no skin in the game.

  8. #258
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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
    How do you think they passed the 16th amendment? They promissed not to go over 1% on the income tax.
    You're misinformed on a couple things here.

    First off, the income tax rate was never 1%. The lowest bracket was 1% in 1913, but it went up to 7% for the higher brackets. Income taxes existed as far back as the civil war, where the lowest tax bracket was 3%. As far as I know, from the time income taxes were first instituted, the rate for all brackets has never been 1%.

    And second, a 1% federal income tax rate is a completely different animal than a combined total local, state, and federal tax rate (including tariffs, income tax, sales tax, property tax, etc.) of 1%.
    If you build a man a fire, he'll be warm for a day.

    If you set a man on fire, he'll be warm for the rest of his life.

  9. #259
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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
    Do you have a source for this? I have trouble believing that local, state, and federal governments put together ever got by on a combined 1% tax rate.
    The original FIT at the time of the 16th amendment was at rates of 1%, 2% and 3% (top rate). Federal gov't was much smaller then, as the constitution was taken seriously, and the role of the federal gov't was actually limitted by it.
    Last edited by ttwtt78640; 06-04-12 at 07:32 PM.
    “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

  10. #260
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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
    Is investment income treated the same as earned income?
    No. It is taxed three times. Once when it is initially earned as wage income (then used to buy the stock), again when it is earned as corporate income and a third time when it is paid out as a stock dividend back to the shareholder. ;-)
    “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

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