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. #801
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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
    What a backwards way to think of property. You don't allow people to keep what they own since you don't have ownership of it.
    I agree with Reagan that a bus driver shouldn't have to pay a higher tax rate than a millionaire.
    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 Republic Now! View Post
    Any whose income is primarily from investment will pay less than someone making a comparable amount in income, not just the rich.
    Only the rich get most of their income from investments.

    While I can see the rationale behind your statement (the rich will inevitably make more from investment), I'm not quite sure I agree with the notion of charging high rates on long term investment.
    How did it hurt the rich under Reagan when he increased the capital gains tax rate to that of earned income?
    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
    wrong, very few working class people have federal income taxes of an effective rate of 14%
    Reading is fundamental. What I said was, "The rich who's income is primarily from investment earnings pay a lower percentage of their total income, then do the working class that have to pay taxes on their total income."
    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

  4. #804
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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
    I agree with Reagan that a bus driver shouldn't have to pay a higher tax rate than a millionaire.
    Why do you insist on bringing up Reagan with me?

  5. #805
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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
    Why do you insist on bringing up Reagan with me?
    Because Reagan was ultra conservative and even he saw that bus driver shouldn't have to pay a higher tax rate than a millionaire. It is a way of drawing a comparison of the the ultra conservative of the 80's and your extreme far right political position.
    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

  6. #806
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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
    Most food isn't taxed.
    Funny, that's not what MY grocery reciept shows! Sales taxes are not the same in all parts of the country. Here, sales taxes are sales taxes, nothing is "special".

    You must live in Texas - that's where the last guy that tried that ploy was from.

    Quote Originally Posted by Republic Now! View Post
    Gasoline makes up a good part, but certainly not a crippling part, and gas is always something you can manage yourself.
    You've obviously never been poor. It takes what it takes to get you back and forth to work. This is not something you can "manage", it's part of the cost of working and reduces the amount of money you have to spend on other things -- like food.
    Last edited by MoSurveyor; 06-19-12 at 01:11 PM.
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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
    I will need a real world example.
    Sorry, you didn't provide one showing your theoretical refund. If you'd like to provide your evidence I can fill in the other parts of the equation for you.

    Quote Originally Posted by Henrin View Post
    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?
    I just did. If Uncle Sam buys the T-bills with my SS contribution instead of me buying them through the local bank why is it any different???
    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

  8. #808
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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
    Can a group of individuals take from another to manufacture the life they desire?
    The rich do it to the middle and working classes everyday.
    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

  9. #809
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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
    I'm all for FICA reform. Especially since it's no longer doing what it was meant to do.
    Of course it is. You've been blinded by right-wing propaganda who's only goal is to make sure that $2.6 trillion SSA Trust Fund finds it's way into the hands of Wall St bankers.

    Quote Originally Posted by Republic Now! View Post
    Any whose income is primarily from investment will pay less than someone making a comparable amount in income, not just the rich. While I can see the rationale behind your statement (the rich will inevitably make more from investment), I'm not quite sure I agree with the notion of charging high rates on long term investment.

    Just for clarity, historical capital gains rates can be found here.
    Exactly! It typically runs at 20-30% but has been at 15% for the last decade. Now we have an economy where investment income is worthless because demand is in the toilet. So explain to me again why the LTCG tax is at 15% instead of 25-30% - or even higher? Where's the pressing need for investment money that makes it worthwhile to keep the rate artificially low at this time?
    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

  10. #810
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    Re: Do the Rich Pay Their Fair Share of Taxes in the United States?

    To Republic Now!
    Quote Originally Posted by MoSurveyor View Post
    You must live in Texas - that's where the last guy that tried that ploy was from.
    I apologize - exceptions for food are more common than I thought.
    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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