View Poll Results: Should ALL citizens have to pay income taxes?

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  • No, only those who make over the "living wage"

    28 31.11%
  • No, only those in the top 10%

    5 5.56%
  • Yes, every working person should have to pay.

    38 42.22%
  • Other (specify)

    19 21.11%
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Thread: Should ALL citizens pay income taxes?

  1. #151
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    Re: Should ALL citizens pay income taxes?

    Quote Originally Posted by jacksbrat View Post
    I also believe this should apply to all inheritance also. That's where most wealthy people get their money tax free. I know the old argument that it a "death tax", but it's still income to the receiver. Can I tell the guy that just painted my house that he doesn't have to pay taxes on the money I just gave him because I've already paid it? What's the difference?
    It should apply to inheritance. Inheritance is income. Personally I believe there should be a maximum of inheritance allowed in the society. Say perhaps 50x(for future years) GDP per person.
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  2. #152
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    Re: Should ALL citizens pay income taxes?

    Quote Originally Posted by Maximus Zeebra View Post
    It should apply to inheritance. Inheritance is income. Personally I believe there should be a maximum of inheritance allowed in the society. Say perhaps 50x(for future years) GDP per person.
    Morally, I think this is a great position, however my practical concern is that there needs to be at least some obscenely rich people in this country for investment purposes.

  3. #153
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    Re: Should ALL citizens pay income taxes?

    Quote Originally Posted by Andalublue View Post
    How about just taxing UNEARNED income at 50%? Taxing the idle rich rather than the hard-working seems much fairer to me.

    How is it unearned? Someone earned it and put it into the stock market or capital reinvestment in the first place.

    It does EVERYONE more good to have that money invested in capital, that is in building more "means of production" to produce more jobs, than having it stored in a vault or hidden under a mattress.

    Lots of people who are NOT the "idle rich", people who work for a living, have a retirement fund that is earning intrest or capital gains in the market. They are depending on that fund to live on after retirement. In many cases taxing them 50% would mean causing them to have an impoverished and dependent retirement, instead of a prosperous retirement.

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  4. #154
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    Re: Should ALL citizens pay income taxes?

    Quote Originally Posted by megaprogman View Post
    Morally, I think this is a great position, however my practical concern is that there needs to be at least some obscenely rich people in this country for investment purposes.
    Excellent point. Perhaps such a role could be filled by investment corporations where inheritance over 50x per capita GDP goes partly towards such a fund.
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  5. #155
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    Re: Should ALL citizens pay income taxes?

    Quote Originally Posted by Goshin View Post
    Lots of people who are NOT the "idle rich", people who work for a living, have a retirement fund that is earning intrest or capital gains in the market. They are depending on that fund to live on after retirement. In many cases taxing them 50% would mean causing them to have an impoverished and dependent retirement, instead of a prosperous retirement.
    You are right. It should be unearned income that provides for over 200k per year (and indexed to inflation for future years)

  6. #156
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    Re: Should ALL citizens pay income taxes?

    Quote Originally Posted by Maximus Zeebra View Post
    Excellent point. Perhaps such a role could be filled by investment corporations where inheritance over 50x per capita GDP goes partly towards such a fund.
    I don't think that would work. I think a higher tax rate after some reasonable limit would probably work.

  7. #157
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    Re: Should ALL citizens pay income taxes?

    Quote Originally Posted by Goshin View Post
    How is it unearned? Someone earned it and put it into the stock market or capital reinvestment in the first place.

    It does EVERYONE more good to have that money invested in capital, that is in building more "means of production" to produce more jobs, than having it stored in a vault or hidden under a mattress.

    Lots of people who are NOT the "idle rich", people who work for a living, have a retirement fund that is earning intrest or capital gains in the market. They are depending on that fund to live on after retirement. In many cases taxing them 50% would mean causing them to have an impoverished and dependent retirement, instead of a prosperous retirement.
    I plan on retiring early and living solely on "unearned" income.
    I'm shooting for $30k to $50k a year in dividends and interest.

    That would just suck to have to pay a 50% tax rate on it.
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  8. #158
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    Re: Should ALL citizens pay income taxes?

    Quote Originally Posted by megaprogman View Post
    I don't think that would work. I think a higher tax rate after some reasonable limit would probably work.
    I have to point to China in this case where state investment cooperations work excellently. This is also more and more visible in Russia.
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  9. #159
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    Re: Should ALL citizens pay income taxes?

    Quote Originally Posted by Maximus Zeebra View Post
    It should apply to inheritance. Inheritance is income. Personally I believe there should be a maximum of inheritance allowed in the society. Say perhaps 50x(for future years) GDP per person.
    Jealous much? where does the federal government properly get the power to do such idiotic socialist engineering.

    you want a spendthrift society?



  10. #160
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    Re: Should ALL citizens pay income taxes?

    Quote Originally Posted by Degreez View Post
    ...

    No, you are confused. It would be like saying Tiger Woods gets (or got) 'help' from his sponsors. You can't compare the people in the middle of PGA rankings to middle income households.
    That is idiotic. That someone wins under a given set of rules does not win because of the rules. They win because they compete better. LIbs think that the rich are rich because the government favors them. The rich are rich because they tend to be smarter, harder working and more driven than average people



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