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Someone making 40K per year should not pay more in taxes than someone making 10 mil

Someone making 40K per year should not pay more in taxes than someone making 10 mil


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Luna Tick

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Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree

no one should pay more or less.

#flattax
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

no one should pay more or less.

#flattax

Flat tax will never work. There are people out there that can't afford to pay any taxes.

A flat tax with a cost of living deduction should work okay though.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

I'd like a flat tax past a certain point, but I dunno if it's at 40K, probably closer to 60K or 70K.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree

Is the question about paying "more" in terms of percentage of income, or just flat out dollars?

Either way, I agree.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree

They don'. Right now someone making more than ten million in year pays more federal income taxes than most of the people making 40K combined

your poll is stupid btw, such an extreme has no validity. The current debate involves someone with an earned income of 300K paying a higher effective FIT rate than someone with solely investment income of 5 million a year or so
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

Flat tax will never work. There are people out there that can't afford to pay any taxes.

A flat tax with a cost of living deduction should work okay though.

people who cannot afford any taxes shouldn't be demanding others pay even more taxes
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree

yes and no.

First, are you saying more in terms of percentage or more in terms of money?

If it's in terms of static money...I agree, a 40k per year person should be likely paying less in taxes than someone making 10 mil.

Percentages? That gets tricky.

Are you talking strict income or any form of monetary gain.

For example, if someone inherits money that ends up being 10 mil I'd have less issue if that person making 10 mil pays a lower percentage than the 40k person.

I also think looking at singular individuals is unrealistic for fixing an "issue". If you have 100 people, and 2 of them are gaming the system, I don't see that as something where you need to hold out those 2 people as an example of why you need to pass something that essentially punishes those other 100.

Part of the pitfalls of a convoluted swiss cheese like tax system is that there are loopholes. I'm for closing loopholes when its clear they can be closed without having wider impact. However, often with our convoluted system when you go to stop one leak you just cause pressure to shoot out two more leaks.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

no vote
IRS simplication...my idea....do nothing, absolutely no changes...no matter how complex it is, the people will get used to it.
I detest change for the sake of change.
But in fairness (Conservatives - look up the meaning), the percentage taxable must be changed to that of the Clinton era.
The Bush era reduced tax rates were the wrong thing to do.
And, sorry, Turtle, even if (I wish), pay no taxes, I will not give up my voice in this matter..Tutrtle, your reasoning is strange..
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

But in fairness (Conservatives - look up the meaning)

I've looked at the definition. Its an entirely subjective based standard that has no concrete definite methods of measurement and as such is an unquantifiable, intangable entity which is why it's so useful as political capital as it allows those who attempt to use it to redefine the terms of what the definition refers to as they see fit.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree

Agree. A nice sliding scale, progressive tax structure is what's needed. We should start removing tax holes too like charitable donations and kids.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree

As DarkWizard12 already stated no one should pay more or less. There should be a flat tax.I find it hypocritical for people who use the tax code to pay little or no income taxes to piss bitch and moan about others using that same tax code to pay a less effective income tax rate.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

It's funny, we see the Fox brainwash effect on the two people who voted no.

Pathetic really that piss-poor negative fear propaganda reaches such a large audience. You can track the downfall of our country by the size of the Fox News audience.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

As DarkWizard12 already stated no one should pay more or less. There should be a flat tax.I find it hypocritical for people who use the tax code to pay little or no income taxes to piss bitch and moan about others using that same tax code to pay a less effective income tax rate.

In theory a flat tax is great, in practice it's highly regressive. You need more of a progressive scale to make it work well.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

In theory a flat tax is great, in practice it's highly regressive. You need more of a progressive scale to make it work well.

A flat tax in the form of a national sales tax would work best. The more you spend the more you pay in taxes, the less you spend the less you pay in taxes. Rich people obviously spend more money and therefore would still pay more in taxes. Poor people obviously spend less money and therefore would pay less in taxes. This would simplify the tax code and make it so that Americans are not wasting **** load of money each year on tax preparers. We could make exception to food that costs below a certain amount so that people are not paying taxes on necessities.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

A flat tax in the form of a national sales tax would work best. The more you spend the more you pay in taxes, the less you spend the less you pay in taxes. Rich people obviously spend more money and therefore would still pay more in taxes. Poor people obviously spend less money and therefore would pay less in taxes. This would simplify the tax code and make it so that Americans are not wasting **** load of money each year on tax preparers. We could make exception to food that costs below a certain amount so that people are not paying taxes on necessities.

To degrees, but even that is exceedingly regressive. There has to be some amount of dynamic which takes into account really poor people have much less "disposable" income and as such taxes on their wages means a hell of a lot more than that same tax on richer folk. Which is why you develop a form of progressive tax scale to account for that. But if you can propose something along the lines, I'll listen. I'm not discounting the form of tax, but rather just stating there are realities which must be accounted for.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

This is a pretty silly thread. People making $40,000 do not pay higher taxes either as a rate or a nominal amount. Nearly 50% of the country has no income tax obligation at all. The top 2% of the earners pay something like 40% of all income taxes. This question stems from Buffett who is deliberately misleading people. You have to be fairly gullible to believe that Buffett's secretary pays a higher tax rate than Buffett does.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

Someone making 40K per year should not pay more in taxes than someone making 10 million. Agree/Disagree
I know of no possibility of this. It doesn't happen. It may be that I'm taking what you wrote literally. On a question of arithmetic that is what an engineer tends to do, sorry. But, when you make a statement this way you open yourself for many of the responses you get that make no sense. Please add a few words so I know what you you are thinking about.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

I don't think the issue is necessarily a progressive tax, I think it's more the ability for individual tax brackets to be shifted and manipulated by themselves, leading to a host of problems. I'd be fine with a progressive tax system where the brackets are assigned a base percentage and can't be changed on their own....and then have one national "tax rate" that multiplies that.

So just in theory, say you have three brackets set at 1%, 3%, and 5% respectively. If the "National Tax Rate" is set to 1 then people in each bracket would be paying 1%, 3%, and 5% respectively. If the "NTR" was set to 5 then they'd be doing 5%, 15%, 25%. Set it to 15 and you've got 15%, 45%, and 75%. (not saying use only three brackets or that variation, but just showing my meaning).

I'd even say have a lowest bracket at 0.1% or 0.2% and have it based off the average "cost of living" calculated in a way that averages both big city living down to small town living, and focusing on necessities. That number would be small enough that they're not really being taxed much, but enough that they at least are taxed a bit.

That gives you a progressive system that allows people to at the very least not be taxed beyond "survival" but also disallows politicians to utilize individual brackets as a means of buying votes and prohibits increases from happening unless it occurs across the board to a degree.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

This is a pretty silly thread. People making $40,000 do not pay higher taxes either as a rate or a nominal amount.

Yup question should be reworked, seems to be written in such a way to be more than poll. It seems to be based on the buffet rule but written in such a way that it has nothignng to do with it.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

people who cannot afford any taxes shouldn't be demanding others pay even more taxes

Okay. Do you mean this as people who don't pay taxes shouldn't be allowed to vote, or just as a general moral stance or what? You make this point a lot, and I'm never sure exactly what you mean by it.

Someone has to pay more taxes than the people who pay none, or no one would pay any taxes.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

Someone has to pay more taxes than the people who pay none, or no one would pay any taxes.

I'm cool with that :wink:
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

Okay. Do you mean this as people who don't pay taxes shouldn't be allowed to vote, or just as a general moral stance or what? You make this point a lot, and I'm never sure exactly what you mean by it.

Someone has to pay more taxes than the people who pay none, or no one would pay any taxes.

If you cannot afford to pay for the level of government you want, you should not be demanding even more government which would impose taxes on others
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

There are several reasons why this poll is stupid without additional qualifications

Did the person who made 10 Million actually have net income of ten million. He might have lost 11 million while the person making 40K a year might have netted that.

did both people net the same amount in the same jurisdiction. The millionaire might reside in another nation and has paid taxes in that nation.

bottom line, I think there should only be tax on consumption and the government should neither have the power nor the ability to determine how much you made if there must be a tax on income it should be the same exact rate with say a 20K exemption. The idea is to preclude the masses from constantly supporting tax hikes on others without suffering a tax hike themselves.
 
Re: Someone making 40K per year should not pay more in taxes than someone making 10 m

I cannot either agree or disagree because there are significant issues which are not addressed, including (but not necessarily limited to).....

Are we talking percentage of income or total dollars?
How do you define "income"?
Should someone making 40K pay more than someone making $4K or $400?
 
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