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. #681
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    I haven't checked recently but I believe that's 7.45% and 14.90%.


    It's too bad so much of it isn't invested in America.



    Ed:
    Of course, with the dismal consumer demand investment money really doesn't mean squat right now.
    Last edited by MoSurveyor; 06-17-12 at 01:29 AM.
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Mitt Romney's Tax Returns Show 13.9% Tax Rate, Highlight Challenges For Wealthy Candidates

    "The returns show that Mitt and Ann Romney, who are worth from $190 million to $250 million, earned $21.7 million in 2010 and paid a 13.9 percent tax rate, lower than that of a person earning $50,000. "

    Mitt Romney's Tax Returns Show 13.9% Tax Rate, Highlight Challenges For Wealthy Candidates

    "Some of the nation’s wealthiest households are paying less in federal income taxes than 99 percent of Pennsylvania taxpayers, according an analysis by the Keystone Research Center and Pennsylvania Budget and Policy Center."

    "Examining 2008 IRS tax data for seven of the richest zip codes in the nation and zip codes in Pennsylvania, researchers found that those earning more than $200,000 a year in the seven wealthy zip codes had an average income of more than $2 million but paid a combined average effective tax rate of only 17.2 percent – less than what 99 percent of Pennsylvania taxpayers paid on average."

    "Current tax law sets preferential tax rates for investment income, which significantly reduces the effective tax rate for taxpayers whose income is largely, or primarily, from investments rather than wages."

    Pennsylvanians Pay Higher Tax Rates Than Many of America
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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
    Mitt Romney's Tax Returns Show 13.9% Tax Rate, Highlight Challenges For Wealthy Candidates

    "The returns show that Mitt and Ann Romney, who are worth from $190 million to $250 million, earned $21.7 million in 2010 and paid a 13.9 percent tax rate, lower than that of a person earning $50,000. "

    Mitt Romney's Tax Returns Show 13.9% Tax Rate, Highlight Challenges For Wealthy Candidates

    "Some of the nation’s wealthiest households are paying less in federal income taxes than 99 percent of Pennsylvania taxpayers, according an analysis by the Keystone Research Center and Pennsylvania Budget and Policy Center."

    "Examining 2008 IRS tax data for seven of the richest zip codes in the nation and zip codes in Pennsylvania, researchers found that those earning more than $200,000 a year in the seven wealthy zip codes had an average income of more than $2 million but paid a combined average effective tax rate of only 17.2 percent – less than what 99 percent of Pennsylvania taxpayers paid on average."

    "Current tax law sets preferential tax rates for investment income, which significantly reduces the effective tax rate for taxpayers whose income is largely, or primarily, from investments rather than wages."

    Pennsylvanians Pay Higher Tax Rates Than Many of America
    They are capital gains taxes. They are taxed at a lower rate than other forms of income. It's also important to point out that these low tax rates only apply to long-term investments.
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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
    Daggum. Double-dipping with that nice pension must be paying better than I thought.
    Where did I indicate that the source of my income was solely from a pension?
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by Republic Now! View Post
    They are capital gains taxes. They are taxed at a lower rate than other forms of income. It's also important to point out that these low tax rates only apply to long-term investments.
    And those discriminatory and preferential rates should be ended.
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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
    Actually I was running a youth athletic event today-14 hours of work, no pay. THough I am a national level Judge, I won't take pay for that. Hardly sipping tea which I don't drink anyway. but if you were paying an effective federal rate of 14% that puts you in the top 3% since Mitt pays a higher effective rate than 97% of America

    He also pays more in a year than you will pay in your lifetime and I doubt he uses more in a year than you do in a lifetime or even a couple years since he isn't being paid with tax dollars.
    If we could put aside the self serving PR promotion that is suppose to give your views some sort of respectability and nobility - usage is not the issue - never was and that red herring is something that even you admit is impossible to prove.

    Of course he pays more actual dollars than me. That is because he makes hundreds of times what I make. Damn well right and proper he pays more.
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by Republic Now! View Post
    They are capital gains taxes. They are taxed at a lower rate than other forms of income. It's also important to point out that these low tax rates only apply to long-term investments.
    the only consistency we get from the far left is wanting more taxes taken from those who are more industrious than they are. They ignore the sound reasons why LTCG or dividend income is taxed at a lower rate

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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
    If we could put aside the self serving PR promotion that is suppose to give your views some sort of respectability and nobility - usage is not the issue - never was and that red herring is something that even you admit is impossible to prove.

    Of course he pays more actual dollars than me. That is because he makes hundreds of times what I make. Damn well right and proper he pays more.
    why is that right? he doesn't pay anymore than you do for a car or a pair of shorts. You again assume that making more necessarily means he ought to pay more. True, that is the law but that doesn't make it philosophically correct

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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
    And those discriminatory and preferential rates should be ended.
    there is your major fail. Those rates are not discriminatory. THe real discrimination is your call for the rich to pay more taxes in areas where a progressive rate is not appropriate.

    What is discriminatory is the tax on earned income where the rich keep far less than the middle class

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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
    If we could put aside the self serving PR promotion that is suppose to give your views some sort of respectability and nobility - usage is not the issue - never was and that red herring is something that even you admit is impossible to prove.

    Of course he pays more actual dollars than me. That is because he makes hundreds of times what I make. Damn well right and proper he pays more.
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