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Do The Rich Pay Too Much Federal Income Taxes

Do The Rich Pay Too Much Income Taxes

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AlabamaPaul said:
Why would you see a difference?
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In the event of a nationwide economic collapse, we would all be forced to endure a period of anarchy and danger, but all fortunes would be lost and all debts would be erased. That creates a world of new opportunities where former rich are ground into dust by former poor.

Such an event occurred when the Han Dynasty superseded the Qin Dynasty in Ancient China, when a commoner and former policemen --> outlaw became the leader of a peasant rebellion and ended up as Emperor.

... when you amass a certain amount of money and influence, the only way to keep it safe is to create alliances with established power structures.

That's why governments and rich people always partner up and end up becoming the same thing.
 
Glen Contrarian said:
business savvy...and being born rich and having lots of corporate welfare helps.
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if some of the whiners spent more time working and less time blaming the rich for their lot in life, we'd have less poor people and less pimps in office getting rich by pandering to the class envious
 
Jack Hays said:
What percentage of all federal income taxes should the top 10% of earners pay?
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Taxes are paid based upon income of the individual; the total taxes paid by a group of individuals is irrelevant.
 
pbrauer said:
Taxes are paid based upon income of the individual; the total taxes paid by a group of individuals is irrelevant.
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That is a silly comment. If the top 10% of earners are paying 70% of all federal income taxes then there is no basis to claim "the rich" should pay more.:peace
 
Jack Hays said:
That is a silly comment. If the top 10% of earners are paying 70% of all federal income taxes then there is no basis to claim "the rich" should pay more.:peace
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It's not silly at all, people pay taxes as individuals, not as a group.
 
pbrauer said:
It's not silly at all, people pay taxes as individuals, not as a group.
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and just about everyone in the top 5% pay too much based on

1) what they get in return

2) what they use in government services

3) what the rest of the country uses
 
TurtleDude said:
if some of the whiners spent more time working and less time blaming the rich for their lot in life, we'd have less poor people and less pimps in office getting rich by pandering to the class envious
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I do so wish I could take you over to the PI and let you live a few years there as one of the poor, so that you could learn first-hand what life is like in an economy that is truly libertarian by nature, if not by choice. I think it would do you a world of good.
 
Gipper said:
Yeah yeah, I get it. Government determines winners and losers. Blah blah blah.

It's a defeatist attitude. Anyone who is successful by going out and staking his claim would find your opinion deplorable. However, it's a mantra for the unskilled, uneducated, and unremarkable because it creates a situation where failure is shirked.
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For what it's worth, I do appreciate the lesson you are trying to impart. There is something admirable about people who can overlook the unjustness of the world and try to achieve their goals anyway. But that only goes so far on a practical level.
 
TurtleDude said:
and just about everyone in the top 5% pay too much based on

1) what they get in return

2) what they use in government services

3) what the rest of the country uses
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Really? Where would Jeff Bezos be without Government services and/or investment?
 
Jack Hays said:
That is a silly comment. If the top 10% of earners are paying 70% of all federal income taxes then there is no basis to claim "the rich" should pay more.:peace
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Yeah, condemn those people who are unemployed (even though there's 3X as many people looking for jobs as there are jobs available) and those who are making too little at their jobs to pay for food, clothing, and housing! Why aren't they paying their taxes!!!!
 
TurtleDude said:
and just about everyone in the top 5% pay too much based on

1) what they get in return

2) what they use in government services

3) what the rest of the country uses
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Depends on how strictly you define the word "service." Somebody has to broker those copyright arrangements with the Chinese government to ensure Apple and Google don't lose their patents to overseas derivatives. Somebody has to nurture experimental tech start-ups until they can produce marketable products and services. Somebody has to protect an American company's capital and resources in unstable polities in the Middle East and elsewhere.

Usually big corporations depend on the government to take care of that stuff. Even a trillion dollar company like Apple doesn't command enough respect to make the Chinese government do what they want. Not in their own right.

I would say that the opportunities to make wealth in the global economy are one slip away from the Wild West, unless someone is acting to prevent that from happening.

What I can say for sure: my wealth is at least partly localized. Apple is affected a lot worse than me if something bad happens in the global market.
 
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pbrauer said:
Really? Where would Jeff Bezos be without Government services and/or investment?
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where would all the alleged starving be without government handouts to feed them?
 
TurtleDude said:
where would all the alleged starving be without government handouts to feed them?
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You answer a question with another question? What about Jeff Bezos? He need the internet, mail, highways, air, satellite, etc. etc. etc. The fact is Turtle, the very rich depend upon the U.S. government to get rich.
 
Glen Contrarian said:
Yeah, condemn those people who are unemployed (even though there's 3X as many people looking for jobs as there are jobs available) and those who are making too little at their jobs to pay for food, clothing, and housing! Why aren't they paying their taxes!!!!
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The top 25% of earners pay 87% of federal income taxes so the problem you claim doesn't actually exist.:peace
 
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pbrauer said:
You answer a question with another question? What about Jeff Bezos? He need the internet, mail, highways, air, satellite, etc. etc. etc. The fact is Turtle, the very rich depend upon the U.S. government to get rich.
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that doesn't justify the top 5% paying more for those services than the rest of the country combined

GO AHEAD and claim that the bottom 95% use LESS government services than the top 5%. such an assertion would damn you to permanent residency on the list of those not to ever be taken seriously again
 
Jack Hays said:
And as individuals they're included in the top 10% of earners.:peace
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Correct and they should pay taxes based upon what they earn. It's nice to see we finally agree. :peace
 
TurtleDude said:
that doesn't justify the top 5% paying more for those services than the rest of the country combined

GO AHEAD and claim that the bottom 95% use LESS government services than the top 5%. such an assertion would damn you to permanent residency on the list of those not to ever be taken seriously again
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:funny
 
pbrauer said:
Correct and they should pay taxes based upon what they earn. It's nice to see we finally agree. :peace
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They already pay taxes based on what they earn. They pay more than others because they earn more. If the top 10% already pay 70% of all federal income taxes then there can be no claim that they do not pay at least their fair share.:peace
 
Glen Contrarian said:
Hey - YOU are the one saying that if we can't list all the details involved in something, that we can't ask for that something. I simply showed you an example of how silly your reply was.
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It had no correlation to the discussion. You're bringing in medical examples.

You're on here claiming people need a living wage, but when you're pressed to define it, you become mute. All you're doing is repeating what you've heard and you don't even understand it. We aren't talking about diabetes, which by the way I can talk intelligently about as my husband has had it since he was 9.
 
Jack Hays said:
They already pay taxes based on what they earn. They pay more than others because they earn more. If the top 10% already pay 70% of all federal income taxes then there can be no claim that they do not pay at least their fair share.:peace
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Again, I need to remind you what the group pays as whole is meaningless because they pay taxes as individuals.
 
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