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. #541
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    The Poor Lives of Rich People



    "If one thing is clear about rich people, it's not that their lives are any easier than the rest of ours. In fact, if anything, it's hard to have money. Really hard. Bloomberg's Max Abelson recently interviewed a bunch of Wall Street folks who got smaller bonuses this year, and as their comments indicate, more money either really does mean more problems, or it means that a wealthy person's sense of reality is just that much further off. Certainly, the expectation of more money when one is getting less money -- Goldman Sachs and Barclay's, for example, both cut discretionary pay at least 25 percent for 2011 -- really makes rich people say the craziest things!

    For example:

    * “I feel stuck,” [director of marketing for broker-dealer Euro Pacific Capital Inc. Andrew] Schiff said. “The New York that I wanted to have is still just beyond my reach.” How so? "Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex."

    * “People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. “Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”

    * “It’s a disaster,” said Ilana Weinstein, chief executive officer of New York-based search firm IDW Group LLC. “The entire construct of compensation has changed.”

    "The one thing that might mitigate this would be for rich folks to move to what would seem to be the next human level of thinking: Oh, if I have it bad, someone poorer must have it really bad. It doesn't seem that is happening, at least not here (nor in attempts to say poor people are actually doing great). Maybe that sort of public acknowledgment is too much to hope for, given that rich people also apparently like to take candy from babies. It's psychology, they can't help it! Poor things.

    The Poor Lives of Rich People - Entertainment - The Atlantic Wire
    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

  2. #542
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by proud2Bcatholic View Post
    The smart thing to do on taxes is to tax consumption, not earnings.

    The Income Taxed should be abolished and a national sales tax should be esablished.

    Punishing wage earner punishes the economy as a whole
    Quote Originally Posted by iguanaman View Post
    LOL You want to "punish" consumers for buying in a economy that is 75 % consumer spending. ............
    Almost every state already has a sales tax, you pinhead. Plus we have gas taxes and all sorts of product specific taxes.

    Eliminating the Income Tax and replacing it with a national sales tax will have the added benefits making sure everyone pays, eliminating loopholes, and getting rid of the IRS
    Last edited by proud2Bcatholic; 06-12-12 at 09:25 AM.

  3. #543
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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
    You miss the point entirely, the poor spend all they make so they are charged sales tax on 100% of their income. The wealthy may only spend 15 or 20% of income so they only pay tax on 15 to 20%. 100% vs. 20% and that sounds "fair" to you? Texas would be much better off with a lower sales tax along with an income tax that can tax some of that unspent income of the top brackets.
    Actually Texas is doing just fine the way it is. Many other states wish they were doing as well.
    The real advantage in Texas is that even a modest income couple can afford a house, if they want.
    A progressive tax on is always wrong, as it discourages success.
    A progressive tax on income is doubling down on a bad idea.
    To me it helps to think of government like a casino, in that no matter what jobs they
    bring, the cost to the economy is greater than the jobs created, "the House always wins.".
    (I know that rural casinos located outside metro areas move money to those areas.)

  4. #544
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Poor person cant pay bills or afford food...pays nothing, low income earner doesnt make enough to pay for basic necessities works full time...pays little to nothing. Middle class full time worker makes 50k pays 10% upper middleclass person makes 300k pays 25%
    Mitt Romney makes 200,000,000 pays 13%...Ge made 14,000,000,000,900,000 paid Nothing....who pays the most, whos not paying enough.

  5. #545
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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
    The Poor Lives of Rich People

    "If one thing is clear about rich people, it's not that their lives are any easier than the rest of ours. In fact, if anything, it's hard to have money. Really hard. Bloomberg's Max Abelson recently interviewed a bunch of Wall Street folks who got smaller bonuses this year, and as their comments indicate, more money either really does mean more problems, or it means that a wealthy person's sense of reality is just that much further off. Certainly, the expectation of more money when one is getting less money -- Goldman Sachs and Barclay's, for example, both cut discretionary pay at least 25 percent for 2011 -- really makes rich people say the craziest things!

    For example:

    * “I feel stuck,” [director of marketing for broker-dealer Euro Pacific Capital Inc. Andrew] Schiff said. “The New York that I wanted to have is still just beyond my reach.” How so? "Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex."

    * “People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. “Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”

    * “It’s a disaster,” said Ilana Weinstein, chief executive officer of New York-based search firm IDW Group LLC. “The entire construct of compensation has changed.”

    "The one thing that might mitigate this would be for rich folks to move to what would seem to be the next human level of thinking: Oh, if I have it bad, someone poorer must have it really bad. It doesn't seem that is happening, at least not here (nor in attempts to say poor people are actually doing great). Maybe that sort of public acknowledgment is too much to hope for, given that rich people also apparently like to take candy from babies. It's psychology, they can't help it! Poor things.

    The Poor Lives of Rich People - Entertainment - The Atlantic Wire
    And I guess this also 'addresses the OP, showing that the rich have received far greater tax rate cuts than the lower classes'. How?

    I would appear to be a fluff piece to promote envy and resentment toward those who are better off. Would this not increase the divide that the ‘right’ is persistently accused of? And this helps how?

  6. #546
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by proud2Bcatholic View Post
    Almost every state already has a sales tax, you pinhead. Plus we have gas taxes and all sorts of product specific taxes.

    Eliminating the Income Tax and replacing it with a national sales tax will have the added benefits making sure everyone pays, eliminating loopholes, and getting rid of the IRS
    exactly, rich people spend more money than poor people. a national sales tax would actually increase the amount that the rich pay...that should make the "they don't pay their fair share" bed-wetters happy.
    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.

  7. #547
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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
    exactly, rich people spend more money than poor people. a national sales tax would actually increase the amount that the rich pay...that should make the "they don't pay their fair share" bed-wetters happy.
    Stop being naive. The wealthy barely spend 20% of their incomes so 80% would be TAX FREE. How much of your income do you spend? How much will be taxed?
    Taxing income that would be spent in the economy is self defeating. Taxing income not spent is the key to growth.
    Last edited by iguanaman; 06-12-12 at 12:22 PM.

  8. #548
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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
    Stop being naive. The wealthy barely spend 20% of their incomes so 80% would be TAX FREE. How much of your income do you spend? How much will be taxed?
    Taxing income that would be spent in the economy is self defeating. Taxing income not spent is the key to growth.
    you are the one being naive. that 20% they spend is many times the amount I spend in actual real dollars. the fact that you make such arguments is proof that you don't give a rat's ass about what's "fair"...you just want to punish the rich because they make more than you do.

    and as far as "growth"...when that growth is in the form of bigger govt, more entitlement programs, etc...we can do without that.
    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.

  9. #549
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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
    The Govt. is going to take it all when you die you know.
    Better to tax the dead than to tax the living.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

  10. #550
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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?
    Super-human means divine. This unquestioning worship of the rich by their flunkies and peasants is a modern substitute for religion. The GOPers support religion because it instills a self-denying worshipful mood, which they can then get their flocks to transfer to the economic gods.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

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