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

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  • Yes

    82 45.30%
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    99 54.70%
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Thread: Do the Rich Pay Their Fair Share of Taxes in the United States?

  1. #521
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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
    Many economists over the years have told us that we discourage investment when we raise taxes on long-term capital gains.

    Many economists have told us that extra taxing of cigarettes and liquor (sin taxes) discourages their use.

    Using either of those theories leads one to the conclusion that sales taxes discourage consumer spending.
    and yet a $5 dollar pack of cigarettes has $1.01 federal tax, not to mention state and local taxes. and people still smoke. same for alcohol, embedded fed/state/local taxes have done little to discourage their consumption.

    If you eliminate all consumption taxes...where is that revenue going to be made up from???? oh...that's right from increasing income/investment/etc taxes on the rich.
    The best argument against democracy is a five-minute conversation with the average voter.

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  2. #522
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by OscarB63 View Post
    WTF do you guys think a sales tax is? but, I forget, if we did away with sales taxes and only taxed income...the "poor" wouldn't pay any taxes at all...which is probably your desired end state.
    Sales taxes are REgressive since they impact the poor far more than the rich. That's what you would "like" I guess. What makes you idolize the wealthy? Are they super-human or something?

  3. #523
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by iguanaman View Post
    Sales taxes are REgressive since they impact the poor far more than the rich. That's what you would "like" I guess. What makes you idolize the wealthy? Are they super-human or something?
    Nonsense. Texas has a state sales tax 8.25% (base rate) and NO state income tax. Many things are not taxed, e.g. FOOD, many "used" goods and labor. It is not regressive, it is flat, with food exempt so it CAN be progressive, since the rich do not eat much more than the poor do. The rich pay far more tax on a Lincoln or Hummer than the poor do on a good used pickup truck or even a new Yugo.
    “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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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by iguanaman View Post
    Sales taxes are REgressive since they impact the poor far more than the rich. That's what you would "like" I guess. What makes you idolize the wealthy? Are they super-human or something?
    sales taxes are virtually the only taxes the "poor" pay. why should they get a free ride on govt services when the rest of us have to pay OUR "fair share" and theirs too?
    The best argument against democracy is a five-minute conversation with the average voter.

    An appeaser is one who feeds a crocodile, hoping it will eat him last.

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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
    Nonsense. Texas has a state sales tax 8.25% (base rate) and NO state income tax. Many things are not taxed, e.g. FOOD, many "used" goods and labor. It is not regressive, it is flat, with food exempt so it CAN be progressive, since the rich do not eat much more than the poor do. The rich pay far more tax on a Lincoln or Hummer than the poor do on a good used pickup truck or even a new Yugo.
    but...but...but... the rich don't pay enough
    The best argument against democracy is a five-minute conversation with the average voter.

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  6. #526
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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
    Nonsense. Texas has a state sales tax 8.25% (base rate) and NO state income tax. Many things are not taxed, e.g. FOOD, many "used" goods and labor. It is not regressive, it is flat, with food exempt so it CAN be progressive, since the rich do not eat much more than the poor do. The rich pay far more tax on a Lincoln or Hummer than the poor do on a good used pickup truck or even a new Yugo.
    That helps explain why, "Texas ranks 6th in terms of people living in poverty." but it doesn't do much to make your case that sales taxes don't affect the poor more than the rich.
    Poverty grows in Rick Perry's Texas - Sep. 18, 2011

    The poor and the working class spend a much higher percentage of their income on buying things, so under a consumption tax they are paying a higher percentage of their income on taxes than are the rich.
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    I heard an intresting statistic today. The top 400 tax payers in America pay as much as the bottom 50% in taxes
    When America is strong the world is calm, When America is weak tyrants and terrorist slaughter the meek. ~ SgtRock

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

    Quote Originally Posted by SgtRock View Post
    I heard an intresting statistic today. The top 400 tax payers in America pay as much as the bottom 50% in taxes
    No doubt since the bottom 50% don't have jobs thanks to GOP policy for the last decade.
    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: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by OscarB63 View Post
    and yet a $5 dollar pack of cigarettes has $1.01 federal tax, not to mention state and local taxes. and people still smoke. same for alcohol, embedded fed/state/local taxes have done little to discourage their consumption.

    If you eliminate all consumption taxes...where is that revenue going to be made up from???? oh...that's right from increasing income/investment/etc taxes on the rich.
    Sin taxes cover but a fraction of what those vices cost society. Who wants to get rid of them? Smoking is declining at least in part from those taxes.

    Regressive taxes are self=defeating as they steal from the GDP by reducing spending. The best source of revenue in a consumer economy is income NOT spent. That's why progressive taxes encourage growth and prosperity. If you desire a stagnant high unemployment economy start taxing those that spend all their income more and see what happens.

  10. #530
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by OscarB63 View Post
    and yet a $5 dollar pack of cigarettes has $1.01 federal tax, not to mention state and local taxes. and people still smoke. same for alcohol, embedded fed/state/local taxes have done little to discourage their consumption.
    Yet, the pack-and-a-half a day smoker has all but disappeared and the percentage of smokers keeps going down every year. They may never disappear but the added cost obviously decreases usage. If nothing else basic economics will tell you that. Increase the cost of any non-necessary product and the sales figures will fall accordingly.

    I'm sure that even with a 100% sales tax you can still sell food - but I would also expect home gardens to suddenly become very popular.

    Quote Originally Posted by OscarB63 View Post
    If you eliminate all consumption taxes...where is that revenue going to be made up from???? oh...that's right from increasing income/investment/etc taxes on the rich.
    So you can only handle one track at a time, huh? I guess that shouldn't surprise me.
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