View Poll Results: Do The Rich Pay Too Much Income Taxes

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  • Yes

    38 33.93%
  • No

    72 64.29%
  • I don't know

    2 1.79%
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Thread: Do The Rich Pay Too Much Federal Income Taxes

  1. #121
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by Hard Truth View Post
    The point is that you get a lot of value for your taxes.
    I get no more value than the guy that gets all his taxes back and then more in EIT credit. We travel the same roads. In fact, he may need the police and EMS more than I; don't know, just making assumptions like you are. We both use the same parks; although I can't remember when was the last time I had the time to go to a park. I'm sure that he uses public transportation more than I ever will. Both our kids went to the same public schools; in fact, I donated a bunch of money and time to those schools that he never did - my wife and I were on every PTO and were usually officers and spent many hours at those schools working in behalf of all the kids and the teachers, and couldn't get most of the other parents to show up. We drink the same water, although my water comes from a well since I live in the country and have my own septic tank - so no sewer. Oh wait, most of those are paid for with local taxes, and yes, some of them get partial grants from the Feds.

    I just don't see how I get any more services from the government than anyone else gets? Could you please give me list and I will check to see if I've gotten something that everyone else doesn't.
    Everything in your life is a reflection of a choice you have made. If you want a different result, don't blame someone else, or expect others to make a change, you should stop complaining and make a different choice. Remember, the circumstances of your birth don't determine the outcome of your life.

  2. #122
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by Beaudreaux View Post
    I could get by without my employees during slow times, just fine. What I can't do is sleep at night or live with myself if I did that, because I know the wives, husbands and kids of my employees, and I have made a commitment to them as well.
    We all spend our money on things that we like. It seems like you like to pay for the luxury of sleeping at night and living with yourself. Not every business owner thinks these things are important.

    It's your money. You can spend it on whatever you like. If you want to pay uneccessary employees, then pay uneccessary employees but don't expect me to feel sorry for you. Some companies fire uneccessary labor. You are paying them by your own choice. Nobody is forcing you to pay them.

  3. #123
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    I'd love to know the FIT payments of those who voted Yes, like me vs those who voted no

    I suspect pay more FIT than all the no votes combined (10 now)



  4. #124
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by TurtleDude View Post
    I pay quarterly
    Today is April 15. I thought you were implying that you paid your 2013 taxes today with a check for $200,000. I was going to pull the BS flag. Nevermind. Carry on.

  5. #125
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by TurtleDude View Post
    oh lots of middle class don't understand the cost of government

    I just wrote a 200K check to the IRS-I certainly know the cost of government and I know I don't get nearly in return for what I pay for because so many people get far more benefits than they pay in taxes.

    what party does the lower middle class and poor vote for normally"

    when Obama says "the rich need to pay their fair share" (if that were true we'd be paying 1% of the taxes not 40%) who is he pandering to?
    They did an automatic draft from my account - today. No check. And it was a little more than yours. Not much, but a little.
    Everything in your life is a reflection of a choice you have made. If you want a different result, don't blame someone else, or expect others to make a change, you should stop complaining and make a different choice. Remember, the circumstances of your birth don't determine the outcome of your life.

  6. #126
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by TurtleDude View Post
    if you actually pay attention you will see that the system is going to fail sooner or later.
    How many decades will I be forced to hear that prediction before it actually comes true? The income tax was implemented in 1913. It was graduated when it started. Even fewer people paid income taxes when it first started and the highest rate was 8%.

  7. #127
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by vasuderatorrent View Post
    Today is April 15. I thought you were implying that you paid your 2013 taxes today with a check for $200,000. I was going to pull the BS flag. Nevermind. Carry on.
    Oh I paid some for 2013. You see my estimated taxes for 2013 were based on what my taxes for 2012 were and since I made more in 2013 I have to pay some extra-no penalty of course since I am only required to pay based on 2012. So I had to pay a quarterly payment for 2014 and another amount for 2013 since my income from 2013 went up about 10% from 2012



  8. #128
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by vasuderatorrent View Post
    How many decades will I be forced to hear that prediction before it actually comes true? The income tax was implemented in 1913. It was graduated when it started. Even fewer people paid income taxes when it first started and the highest rate was 8%.
    we have less people as net payers now percentage wise. same with SS it seems you won't listen until it happens

    then you will be hoping people like me are around/ People who are well armed and well trained



  9. #129
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by Gipper View Post
    I believe so. Depending on your state of residence, you could be paying almost half your total income to the taxman.
    Wouldn't they typically deduct their state taxes from their federal taxable income? Given the number of deductions, tax shelters, credits and so on, I would think paying nearly half your income in taxes would be very rare. You would have to fall into the alternative minimum to even get anywhere close.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

  10. #130
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    Re: Do The Rich Pay Too Much Federal Income Taxes

    Quote Originally Posted by TurtleDude View Post
    a democracy falls apart when the masses learn they can vote themselves the content of the public treasury.
    Why aren't welfare programs like AFDC, WIC, food stamps, EIC, CTC more lucrative? Why haven't the poorest 51% of the population made a law that requires the bottom 51% to get an annual check for $100,000 per year?

    I would guess that we are at least 1,000 years away from that. Otherwise, how do you explain the very low payouts of government welfare programs? Why is the pay to these influential voters so small? It doesn't add up. Why are these payouts to the poor so meager?

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