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. #761
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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
    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.
    You misunderstand my very basic point which is that the income tax that joe blow is paying on his earning from his job the rich guy that you are complaining about had to pay as well.

    Why should the rich get tax breaks on their investment earnings the rest of us do not get?
    It's not a tax break, but another tax on another set of income.
    Last edited by Henrin; 06-18-12 at 02:49 AM.

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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
    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.
    It lost me on where that matters.

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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
    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?

    Its also worth note that the tax you are referencing actually causes businesses to put off growth of their business to avoid the tax.

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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
    Why should the rich get tax breaks on their investment earnings the rest of us do not get?
    Everyone gets a lower tax rate on investment earnings, not just the rich.
    One who makes himself a worm cannot complain when tread upon.

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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
    Everyone gets a lower tax rate on investment earnings, not just the rich.
    Nope, small businesses can only deduct their business expenses, they have to pay full tax rates on their business earnings.
    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
    It's not a tax break, but another tax on another set of income.
    How did that stop Reagan from taxing capital gains at the same tax rate as earned income?


    A turd by any other name still stinks like ****.
    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 TurtleDude View Post
    we subsidize the sloth and unproductively of the millions of pawns the dem party has created with its handouts, and we have thus increased deleterious behavior that hurts our nation while investment helps it
    Why bother when the Republicans do such a great job of putting people out of work?
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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
    A big part of gov't spending is in entitlements; the politically "untouchable" areas of welfare (in all of its many forms) and the ever increasing aging population getting Social Security and Medicare benefits. If these two areas were "on the table" then spending cuts could be made to balance the federal budget. Increasing taxation alone has ZERO chance of achieving a budget balance.

    Welfare link: Poverty and spending over the years - Federal Safety Net

    Social Security Link: In 2011 The Baby Boomers Start To Turn 65: 16 Statistics About The Coming Retirement Crisis That Will Drop Your Jaw

    http://fpc.state.gov/documents/organization/45222.pdf
    If you're going to start lumping SSA into the same basket as welfare then you should add all FICA money into your Fed tax calculations and try again. Either SS is an investment for retirement, in which case it's NOT the same as welfare, or it's just another form of welfare and 95% of all Americans have a mandatory 7.45% of their income taken as Fed taxes - before income taxes are even considered. In that worldview, most people are paying a MUCH higher rate than most of the Top 5%.
    Last edited by MoSurveyor; 06-18-12 at 03:18 AM.
    Mt. Rushmore: Three surveyors and some other guy.
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    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

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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 you're going to start lumping SSA into the same basket as welfare then you should add all FICA money into your Fed tax calculations and try again. Either SS is an investment for retirement, in which case it's NOT the same as welfare, or it's just another form of welfare and 95% of all Americans have a mandatory 7.45% of their income taken as Fed taxes - before income taxes are even considered. In that worldview, most people are paying a MUCH higher rate than most of the Top 5%.
    SS is welfare. Its only called an investment by the government, when in truth there is nothing similar between the two.

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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
    SS is welfare. Its only called an investment by the government, when in truth there is nothing similar between the two.
    Then FICA should be included in all discussions of Fed taxes. The poor are paying more than their "fair share" as a percent of income given that every one of them pay 7.45% of their paycheck with no deductions and no chance of refunds - and that's before any Fed income tax is included. The rich are skating ...
    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

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