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. #781
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Not sure where my other reply went so im just gunna make this one quick:

    EAT THE RICH! - YouTube

    Simple...Explains that if we taxed the rich 100% it wouldn't run the government for a year(well give or take 1min). Anybody that wants to see the math can just watch the video[only 9 min]. But now lets say the government did all that and we were on year 2. The 1% became part of the 100%(Poor).
    PM me for any questions = )
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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
    Nope, small businesses can only deduct their business expenses, they have to pay full tax rates on their business earnings.
    Okay. What does that have to do with capital gains? As far as I know, everyone gets a lower rate on long term investments.


    Quote Originally Posted by cpwill View Post
    My uncle is rich. State, Local, Federal, etc; he loses about 50 cents of every dollar he makes to one government or another.

    I'm not rich. In fact, I've spent pretty much my entire working life thus far below the median income. I get more money back every year than I pay in taxes. Our tax system for me is an income.

    I'm pretty sure, as far as our respective tax-paying duties, one of us is skating, and the other one isn't...
    That's been my real life experience. It confuses me when I come here and people act like our tax system is set up so the poor pay all the money and the rich get all their money back. Even when my parents we're making a decent income, tax day was still a paycheck for the family.


    Quote Originally Posted by Ipast
    So does the middleclass and they are far less able to afford it. Middleclass and low income earners pay every single tax and duty and fee your rich uncle pays...gasoline taxs, sales taxs at all the SAME RATE as your uncle....your rich uncle is asked to pay more in income tax because he has it all....and he should...just like I do an all others should
    Are you implying we base the gasoline and sales tax on income? That seems silly, doesn't it?

    Ultimately, if the taxes are too much of a burden, you have a choice not to purchase the goods. Of course, those taxes usually work out to be around 6-10% of the cost of whatever you bought, so unless you're spending 90% of your yearly income on taxable goods it's unlikely that such a tax would be that large of a share of your income.
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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 lost me on where that matters.
    It matters to the tens of millions of people that are living at or below the poverty line despite working much much harder than the rich people sitting around enjoying life that didn't earn it... that is why it matters.
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    Usually a gag for wise mouthed insulting little girls. Then some good nylon rope so I can tie them up, toss them in the trunk of my car and forget about them.

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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
    My uncle is rich. State, Local, Federal, etc; he loses about 50 cents of every dollar he makes to one government or another.
    I'm not rich. In fact, I've spent pretty much my entire working life thus far below the median income. I get more money back every year than I pay in taxes. Our tax system for me is an income.
    I'm pretty sure, as far as our respective tax-paying duties, one of us is skating, and the other one isn't...
    Does the military pay FICA?
    ((FICA is 7.45% of gross income for most people.))
    If "yes" did you deduct those FICA contributions from your "refund"?



    I also have to wonder how many military perks are not represented on the 1040.

    I'm not saying you don't deserve the perks as a member of the military but you may not represent an average person's pay reporting process and/or deductions.

    I'm sure exceptions can be found in every system - like GE completely skating on taxes one year, of which waaaay too many people made an issue - military compensation may be one of those cases.
    Last edited by MoSurveyor; 06-18-12 at 06:16 PM.
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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
    The middle class is generally skating. Gasoline taxes? Sales Taxes? Doesn't exactly make up 50% of my income.
    According to your own chart your uncle must be a very rare exception to the rule ...

    Quote Originally Posted by cpwill View Post
    Maybe he should consider another accountant?

    Or maybe someone is fiddling with numbers to make it look worse than it is??
    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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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    Quote Originally Posted by Republic Now! View Post
    Ultimately, if the taxes are too much of a burden, you have a choice not to purchase the goods. Of course, those taxes usually work out to be around 6-10% of the cost of whatever you bought, so unless you're spending 90% of your yearly income on taxable goods it's unlikely that such a tax would be that large of a share of your income.
    Food and gasoline make up a very large part of a poor person's expenses.
    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

  7. #787
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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
    As far as I know, everyone gets a lower rate on long term investments.
    Only because we (the voters) have allowed it. Capital gains have been taxed the same as earned income in the past, and they can be again in the future, depending on the results of the elections.
    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 MoSurveyor View Post
    Food and gasoline make up a very large part of a poor person's expenses.
    Most food isn't taxed. Gasoline makes up a good part, but certainly not a crippling part, and gas is always something you can manage yourself.

    Quote Originally Posted by Catawba
    Only because we (the voters) have allowed it. Capital gains have been taxed the same as earned income in the past, and they can be again in the future, depending on the results of the elections.
    So are you giving up the "rich pay less" shtick?
    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 MoSurveyor View Post
    If they get back $2k from income taxes (I presume you're talking about the EIC?) but loose $2.5k to FICA that's still paying out $500.
    I will need a real world example.

    Are or will your IRA and 401k payouts be welfare?
    I think the stupid there just gave me a tumor.

    We were talking about SS. If you can't defend SS changing the topic is what I expected from you. Can you not defend it?
    Last edited by Henrin; 06-18-12 at 09:48 PM.

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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
    It matters to the tens of millions of people that are living at or below the poverty line despite working much much harder than the rich people sitting around enjoying life that didn't earn it... that is why it matters.
    Can a group of individuals take from another to manufacture the life they desire?

    You see, I don't think your point has much worth here.
    Last edited by Henrin; 06-18-12 at 09:49 PM.

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