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. #751
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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
    If your income comes primarily from investments, as does Romneys, I pay a higher total tax rate on my income that do you. People like me subsidize your low rates.
    Was money that goes investments taxed as income taxes?

    If yes, then did Romney pay more income taxes than you at that point?

    If yes, there is nothing left to be said.

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

    Quote Originally Posted by Bodhisattva View Post
    Nope. If people like my family can sit around at their expensive county club playing golf every day and not working can do this year after year then they are not paying enough.
    That doesn't even follow.

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

    Quote Originally Posted by Henrin View Post
    Was money that goes investments taxed as income taxes?
    Under Reagan, yes, that's the whole point, we need to stop taxing unearned income less than earned income, so that a bus driver is not paying a higher total tax rate than a billionaire.
    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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    Quote Originally Posted by Catawba View Post
    The capital gains rate is half the rate of earned income and a wage earner is required to pay a pay-roll tax on their entire income, while the investor only has to pay payroll taxes on a small portion of their income.

    Ask anyone in the working class, most are aware of this tax inequality. Hell, even Reagan saw this and increased the Capital gains tax rate equal to that of earned income. That is why Mr.-14%-tax-rate running for president is going to have a such hard row to hoe in November.
    So you can't.

    So your goal is tax equality?
    “Tyranny is defined as that which is legal for the government but illegal for the citizenry.”
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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
    Under Reagan, yes, that's the whole point, we need to stop taxing unearned income less than earned income, so that a bus driver is not paying a higher total tax rate than a billionaire.
    When it happened means nothing. Did the original "income" that went in get taxed is all that is important to my post. You have admitted the answer is yes, so this is over.

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    Quote Originally Posted by Catawba View Post
    Under Reagan, yes, that's the whole point, we need to stop taxing unearned income less than earned income, so that a bus driver is not paying a higher total tax rate than a billionaire.
    And why do we 'need' to?
    “Tyranny is defined as that which is legal for the government but illegal for the citizenry.”
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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
    And yet two "regular" working citizens, at the same job, for the same hourly wage, working side by side SHOULD have different IRS tax bills because? To discuss "fair" taxation, one must first define "fair" taxation; is that NOT a single rate or percentage of each citizen's income, from ALL sources, after a reasonable but EQUAL "standard" deduction? When the family farmland is passed along, from father to son, just how much of that land should be ceded to the gov't in taxes?
    When small businesses are passed down, why is it "fair" to force the heirs to break them up and sell them in order to pay the tax? Why is it "fair" for that business's workers to lose their jobs?

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

    Quote Originally Posted by Henrin View Post
    When it happened means nothing. Did the original "income" that went in get taxed is all that is important to my post. You have admitted the answer is yes, so this is over.
    You don't get taxed again on your original investment, only the untaxed earnings over your initial investment. Just like the earnings from my business, I get to deduct my business expenses, but I have to pay taxes on the money earned from my business investment.

    Why should the rich get tax breaks on their investment earnings the rest of us do not get?
    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 Aberration View Post
    And why do we 'need' to?
    In order to both address our deficit and make the tax system more fair. As Reagan said, so the bus driver is not paying a higher tax rate than millionaires.
    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 Henrin View Post
    That doesn't even follow.
    Where did it lose you? Rich people sitting around all day not working while other people work multiple jobs and still don't make enough to support a family?

    Seems pretty simple.
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    You can successfully wipe your ass with toilet paper, that doesn't mean that you should.

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