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The Millionaires Who Pay the Highest Tax Rate

Wow, you don't say? A whole 300 out of 92,000? My god! confiscate all wealth over $100K immediately. That ought to solve it, right?
Would it be easier if we thought more in terms of wealth ownership?

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Shouldn't we tax capital gains more since they're not working for it? Shouldn't we be rewarding hard work?

Seeing taxes as a way to reward/penalize people is a scary proposition. I'm surprised you'd propose such a thing. Who gets to decide if someone is working hard enough or not. Why would you want to punish people for investing?
 
Would it be easier if we thought more in terms of wealth ownership?

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No it doesn't help, it just makes me feel sorry for someone that is so envious of others success that they would expend so much energy in figuring out how they can bring that success down, instead of using that energy in how to be successful themselves...It's pathetic.

Oh, and "thinkprogress"? Really :lol:
 
No it doesn't help, it just makes me feel sorry for someone that is so envious of others success that they would expend so much energy in figuring out how they can bring that success down, instead of using that energy in how to be successful themselves...It's pathetic.

Oh, and "thinkprogress"? Really :lol:
So it doesn't help to know just how much wealth is owned by the rich and just how much is being hidden? I would hope you had more curiosity than that. :violin
 
So it doesn't help to know just how much wealth is owned by the rich and just how much is being hidden? I would hope you had more curiosity than that. :violin


Sorry dude, I don't really care. See the wealth pie is not static. Just because they have what they have doesn't mean that I can't bake my own pie....Oh, and I am not concerned in what my co workers make either....
 
but those who don't pay any FIT can do that too-many of them whined about Romney. Sorry that is a silly claim on your part.

Are you actually denying that you complain about your taxes and advocate any scheme that comes along which would reduce your own personal tax bite. In case you have forgotten about so many of your previous posts, I have them close at hand and will be happy to post them for you with you in your own posts and in your own words changing positions on your tax "principles" as fast and as often as the wind changes in a bad storm.

One can point their finger at the entire rest of the world but it is still complaining repeatedly about your own taxes. That is not "a silly claim". That is the gospel truth. It has been done right here in this very thread. And scores of others.
 
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You can point your finger at the entire rest of the world but it is still you complaining repeatedly about your taxes. That is not "a silly claim". That is the gospel truth. You do it right here in this very thread. And scores of others.

I have a right to complain-I pay more FIT than 65 million americans combined. and they get far more benefits from the government than I do yet many of them demand more benefits and demand people like me pay more taxes
 
Why should capital gains be taxed at all? Hasn't the money being invested already been taxed at the normal rates?

Who owns my labor?



As an addition to the post i made earlier

The money you earned and invested is not being taxed again, but the work the money is doing for you. Remember it is capital gains that are being taxed not the capital itself
 
As an addition to the post i made earlier

The money you earned and invested is not being taxed again, but the work the money is doing for you. Remember it is capital gains that are being taxed not the capital itself

true

I have no problem with taxing CG but they should be taxed at lower rates (actually earned income should be taxed at a flat rate too)

dividends are taxed twice by the same government unit though and that is wrong
 
We must not just accept the propaganda, and rhetoric that is dominating the conversation today.



It is reported that the increase we have been hearing Obama repeat since Jan 20th, 2009 about "fair share" and "taxing families over $250K per year" would be around $80 billion. That is a drop in the bucket in terms of doing anything concerning Obama's run away spending vision. So what gives? Is this just a 'get even' measure? though up by progressives that are jealous that they didn't become successful? or is it a pillar of communism?

Communist Manifesto 10 Planks

It is a sad time in history we are seeing here folks, hopefully we can endure, and fix what this progressive shift to the planks of Marx is attempting.

Vitually ever "fact" of the Obama campaign was a blantant lie (repeated as fact by nearly all the media and press) and almost every campaign promise he made was a promise Obama made in 2008 and broke (never mentioned by nearly all of the media and press.)

Truth has basically no relevance to American politics anymore. Its all theater and acting, little more.
 
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I have a right to complain-I pay more FIT than 65 million americans combined. and they get far more benefits from the government than I do yet many of them demand more benefits and demand people like me pay more taxes

Dh and I pay more income taxes in a year than most families make in year.
But I will not complain about the government benefits other families recieve.
I feel very fortuate that with lots hard work , many hours invested DH's company over the last 40 years that we are doing so well.
Yes, we are more fortuatant than some but that does not make us any better than anyone else who works hard for a living.
I am glad I live in a country that does have a safety net for those less fortuate and I do not mind paying a bit higher tax rate than most families.
 
Dh and I pay more income taxes in a year than most families make in year.
But I will not complain about the government benefits other families recieve.
I feel very fortuate that with lots hard work , many hours invested DH's company over the last 40 years that we are doing so well.
Yes, we are more fortuatant than some but that does not make us any better than anyone else who works hard for a living.
I am glad I live in a country that does have a safety net for those less fortuate and I do not mind paying a bit higher tax rate than most families.

great-but i have no use for those who don't pay high taxes saying those who do should pay more. and many of us give tons to charities.
 
great-but i have no use for those who don't pay high taxes saying those who do should pay more. and many of us give tons to charities.

Is giving to charity still a necessity?

The old "value" of giving to charity/church was 10% of income. More if a person rich.
BUT the government now takes vastly greater amount in taxes - whether a person likes it or not. Its NOT just federal income tax. But the endless excise taxes on products, how products and utilities and fuel and about everything else are taxed over and over and over. There is sales tax. Property tax (directly or thru rent). All the license fees of all kinds. State income tax. Taxes removed from paychecks.

Since the government took over the charity business, the reality is that every person except the wealthy are already "giving" well over 10%.

If would seem if the government takes charitable contributions for people over and over and over and over and over, the charity giving part has been taken care of.
 
I have a right to complain-I pay more FIT than 65 million americans combined. and they get far more benefits from the government than I do yet many of them demand more benefits and demand people like me pay more taxes

And you have the Republicans in the Bush Congress for that situation. But despite that reality you still give them your votes.

Now that is interesting. And you have never proven that these people whom you frequently vilify and demonize do indeed get more government services that you or other self claimed rich folks soak up.

I will be happy to see that evidence.
 
Boo hoo, poor me. I only own 90% of everything, but the big bad government is forcing me to pay an unfair 40% of all taxes! I'm entitled to tax cuts. Gimmie them you parasites.
 
Feliz Navidad, rascals. Just make sure you vote correctly or Santa Claus won't stop by. You might even have to go home and we all know what that would mean.
 
Boo hoo, poor me. I only own 90% of everything, but the big bad government is forcing me to pay an unfair 40% of all taxes! I'm entitled to tax cuts. Gimmie them you parasites.

Boo Hoo, poor me. You make more than me, and I want it, but am unwilling to do the hard work, or take the risk you took to get it. I'm entitled to what you made in the form of redistribution. So give me what I think I am due you greedhead....


See how that works? Go make your own.
 
Boo hoo, poor me. I only own 90% of everything, but the big bad government is forcing me to pay an unfair 40% of all taxes! I'm entitled to tax cuts. Gimmie them you parasites.

what a silly post. the top 5% pay 62% of the income taxes. Do you think they get anywhere near 62% of the government benefits?
 
Boo Hoo, poor me. You make more than me, and I want it, but am unwilling to do the hard work, or take the risk you took to get it. I'm entitled to what you made in the form of redistribution. So give me what I think I am due you greedhead....


See how that works? Go make your own.

That sounds funny coming from a Teamster.
 
Then why are you OK with 10%? Either you honor what your ELECTED officials do - or you don't.

Despite Obama's compulsion to create new [programs, there isn't ANYTHING new being don that hasn't been done for years now. So, apparently all this is constitutional or SCOTUS would have banned it by now. Heck, I've seen claims that TAXES aren't constitutional but along with death, they seem to be widespread.

I thought I offered you a good deal at 40% (I had considered 75% but I didn't want to upset anyone). Make it 35% and we have a del?

If the choice is honor what elected officials do, or dont. Then I choose dont. It is pretty obvious by now that the Supreme Court, and govt in general can be wrong and abusive. Saying that anything they do must be legal because no one has said otherwise yet is a recipe for disaster.

So if we accept that there is no power in the constitution for the govt to run either a medical insurance program, retirement insurance, nutrition assistance, education loans, or own a auto company, then once you strip the functions of govt down to what is actually in the constitution, the federal cost is significantly lower. If you then further accept that every citizen who is able to pay for these services should at the very least contribute the same share of what they are able to (flat tax), that number is probably 10% or less.
 
We must not just accept the propaganda, and rhetoric that is dominating the conversation today.

No you should not accept propaganda... you should strive to understand the facts. The facts you reveal here are no secret, nor are they contrary to any talking point. Yes, the income tax structure, as it stands today, taxes labor (wages) at up to 2.5 times what it taxes capital (interest, dividends and capital gains). There are not many people with wages in excess of $1M, but there are some. Allowing the 2001/2003 tax cuts to finally expire on the highest income earners will tax high earners, many of whom are also rich, but not the rich, who derive much of their income capital. Frankly, they should also be discussing a second tier of taxation on interest, dividends and cap gains, or simply raise the rates of taxing of capital, but provide an exemption on the first X of income of each....


It is reported that the increase we have been hearing Obama repeat since Jan 20th, 2009 about "fair share" and "taxing families over $250K per year" would be around $80 billion. That is a drop in the bucket in terms of doing anything concerning Obama's run away spending vision. So what gives? Is this just a 'get even' measure? though up by progressives that are jealous that they didn't become successful? or is it a pillar of communism?

$80B is hardly a drop in the bucket. It represents about 1/10 of the problem. What other single activity you could possibly do that would solve 1/10 of the problem with minimal consequence? It is a key PART of the solution. Those that can not accept that are not really serious about the budget deficit, they are just masking their distain of US social programs.... I remember arguing with people that touted the cut off of funding for NPR, which saved the government $25M, as some type of heroic cost saving event... that was trivial; allowing incremental tax rates to go back to 39.6% is substantive (when the should go to 45 to 50%)

You are correct; you need to step away from the propaganda. The idea that you don't consider the tax increase a viable option because it does not solve 100% of the problem is a very weak argument from your friends at Fox; as is the idea this is something to do with class. You can increase taxes on the highest earners because that move will have the least impact on the economy as only a small part of their income works its way into the demand curve.

Communist Manifesto 10 Planks

It is a sad time in history we are seeing here folks, hopefully we can endure, and fix what this progressive shift to the planks of Marx is attempting.

This certainly does not help your credibility as a serious debater.
 
Why should capital gains be taxed at all? Hasn't the money being invested already been taxed at the normal rates?

Who owns my labor?

Because it's income? All income is taxed. For some reason all income isn't treated equally. If your money makes you money....you pay less than if your labor makes you money.
 
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