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Do the Rich Pay Their Fair Share of Taxes in the United States?

Do the Rich Pay Their Fair Share?

  • Yes

    Votes: 58 48.3%
  • No

    Votes: 62 51.7%

  • Total voters
    120
Your son deserves the right to be a self made man. Please do not emasculate him the way your parents did to you and deny him that valuable experience.

LOL-that is a pretty pathetic argument to justify not working hard to leave your son a better life than you have had. Its a great way to justify being a spendthrift.

I am right, 30 years from now Haymarket junior will be whining that its unfair that his father didn't give him the advantages that his boss had (AKA Turtle III)
 
he will pay!?!?!?!?!?!

he will not pay!?!?!?!?!?!?

you have fallen down the rabbit hole and have passed the twilight zone.


that hole being your claim that you pay more than 14% effective income taxes meaning you earn over 210K year. I find that hilarious
 
Yeah, and I bet you will not in your entire live make the amount he paid in taxes...last year.

Which is irrelevant to the point being made about percentage of income in taxation.
 
Obviously you do.

All I remember is how clueless your posts about neologisms were since your rant about death tax did not even meet the definition you constantly trumpeted from WIKI
 
Which is irrelevant to the point being made about percentage of income in taxation.

no its not. He is a massive contributor. He funds far more government than you do. In sum, he is far more valuable to society than those like you who pay less FIT in a lifetime than he pays in a year
 
LOL-that is a pretty pathetic argument to justify not working hard to leave your son a better life than you have had. Its a great way to justify being a spendthrift.

Obviously you do NOT care about emasculating your own son the way your parents did to you by denying you the right to be your own self made man.
 
no its not. He is a massive contributor. He funds far more government than you do. In sum, he is far more valuable to society than those like you who pay less FIT in a lifetime than he pays in a year

Which is also irrelevant to the point being made about percentage of income being paid in taxation.

You really are falling far behind on this issue.
 
that hole being your claim that you pay more than 14% effective income taxes meaning you earn over 210K year. I find that hilarious

What you find hilarious may well be in your own mirror.

The fact is that in several of the past few years, I paid more in percentage of my income in federal taxes that Mittens did.
 
Which is irrelevant to the point being made about percentage of income in taxation.

True, it is irrelevant to the point but the point is irrelevant. The Federal Govt. does not collect percentages nor does it spend percentages…it collects and spends CASH…
 
All I remember is how clueless your posts about neologisms were since your rant about death tax did not even meet the definition you constantly trumpeted from WIKI

How sweet - you have it memorized. See - despite your denials - you do read and you do learn and you do care.
 
True, it is irrelevant to the point but the point is irrelevant. The Federal Govt. does not collect percentages nor does it spend percentages…it collects and spends CASH…

And those amounts of cash can be compared to the other cash that a person earns and thus get a percentage paid in taxation.

And that is very very relevant to the topic of what is an appropriate level of taxation in America.
 
I think you are confused between 'outsourcing' and 'offshoring'...want to rethink that?

Really nitpicking here aren't you? Offshoring is the less confusing term, but outsourcing has two meanings, one of which is to outsource jobs to another country.
 
which is a higher rate than 97% of americans paid

Is that what you heard on Fox news?

"Romney hasn't released the details yet, but the NYT reported last month that, as part of his retirement agreement with Bain Capital, Romney "has probably qualified for a lower tax rate than ordinary income under a tax provision favorable to hedge fund and private equity managers."
http://www.npr.org/blogs/money/2012/01/19/145449117/carried-interest-why-mitt-romneys-tax-rate-is-15-percent

Romney admits he pays lower tax rate than most Americans

Obama likely paid higher tax rate than Romney in 2011
 
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Your son deserves the right to be a self made man. Please do not emasculate him the way your parents did to you and deny him that valuable experience.

no kidding. That's why I'm not even teaching my kids to speak, much less to read. I want them to be self made.

:roll:

what foolishness we have that we, all of us who are among humanity's most wealthiest examples are bickering about who "deserves" what their ancestors have built for them.
 
What you find hilarious may well be in your own mirror.

The fact is that in several of the past few years, I paid more in percentage of my income in federal taxes that Mittens did.

got numbers?
 
got numbers?
Ive got some numbers... Since 1982 the Top Corporate Tax Rate and the Rich top rate has been cut fully in half from 70% to 35%...So has the capitol Gains Tax. Heres some more A widening gap between rich and poor is reshaping the U.S. economy, leaving it more vulnerable to recurring financial crises and less likely to generate enduring expansions. Left unchecked, the decades-long trend toward increasing inequality may condemn Wall Street to a generation of unimpressive returns and even shake social stability, economists and financial-industry executives say. THe above means if the gap keeps widening there wont be enough middleclass to feed the pigs anymore. Growing Income Gap May Leave U.S. Vulnerable - Bloomberg CEO pays have soared and investors are beginning to get sick of it.... The Shareholder Insurrection Against CEO Pay Is Rippling Through The World's Largest Companies - Page 2 - Business Insider So lets critique CPWILL....The rich and corporartions pay half of what they did 20 yrs ago in taxs.....there are now less employed then there was when their taxs were double. There are far less americans paying taxs, thanks to the same CEOs and corporations sending jobs to china for cheap labor so they can grab even more bucks for themselves at the expense of Americans and America. The deficit we have has been created by the corporations and the rich creating HUGE unemployment by outsourcing all livable wage jobs and putting americans out of work...and more importantly CAUSING MILLIONS MORE TO BE UNDEREMPLOYED and unable to afford anything more than simple basics There are more americans without health insurance because corporations do not want to pay for healthcare or pensions they have stuffed all that money in thier pockets. The rich and corporations created this MESS this country is in out of PURE GREED...and now the teaparty wants to blame senior citizens on social security and the very poor with no available jobs on medicare and foodstamps...and they want THEM to pay the deficit while they get ANOTHER TAX CUT to what cpwill ? to create more jobs...LMAO... CPwill you know I respect you personally marine...but the more I listen to you and turtledude and others rant and rage...the more it drives me to the left....the callousness and disengenuousness of the right has become toxic and eventually theres going to be a big backlash against it... Some of the total morons that are backing the far right who dont have a pot to piss in or a window to throw it out of because of other reasons.. Like they are told the Democrats will take their guns OMG im broke dont have healtcare but im voting teaparty to keep my guns...NO ONE IS TAKING GUNS they cant impossible there would be a revolution...theres a variety of DUMBO reasons there are some supporting the far right and cutting their own throat...but they are too dumb to see that...shame on them....
 
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Ive got some numbers... Since 1982 the Top Corporate Tax Rate and the Rich top rate has been cut fully in half from 70% to 35%...So has the capitol Gains Tax.

...and yet the share of taxes paid by upper income earners went up in that time period...


A widening gap between rich and poor is reshaping the U.S. economy

dude, the gap widens even if both incomes progress at the same rate. Growth compounds, remember? :)

So lets critique CPWILL....The rich and corporartions pay half of what they did 20 yrs ago in taxs.

actually they pay more. their nominal rates have been reduced.

there are now less employed then there was when their taxs were double

workforce participation is down, to be sure, but that is thanks to an anemic "recovery" marked by incredibly low growth.

There are far less americans paying taxs, thanks to the same CEOs and corporations sending jobs to china for cheap labor so they can grab even more bucks for themselves at the expense of Americans and America.

actually fewer americans are paying taxes thanks to the very tax cuts you just finished deriding.

The deficit we have has been created by the corporations and the rich creating HUGE unemployment by outsourcing all livable wage jobs and putting americans out of work..

do you even know what "outsourcing" is?

and more importantly CAUSING MILLIONS MORE TO BE UNDEREMPLOYED and unable to afford anything more than simple basics

actually incomes have gone up for all quintiles :).

There are more americans without health insurance because corporations do not want to pay for healthcare or pensions they have stuffed all that money in thier pockets.

actually that is due to our idiotic system which drives up costs year after year after year. There are two areas' where the Government provides a net majority of the payments are education and welfare... and those are the two industries that see near or double digit inflation Every Year.

CPwill you know I respect you personally marine...but the more I listen to you and turtledude and others rant and rage...the more it drives me to the left....the callousness and disengenuousness of the right has become toxic and eventually theres going to be a big backlash against it...

:) and you as well, old soldier, but the more I read you the less I see logic and debate and the more I see hatred and bile.

rant and rage? I only rage when I'm drinking and someone is less than utterly respectful to AMERICAR, EYAH!. :mrgreen:
 
Turtle Dude said:
no its not. He is a massive contributor. He funds far more government than you do. In sum, he is far more valuable to society than those like you who pay less FIT in a lifetime than he pays in a year

Which is also irrelevant to the point being made about percentage of income being paid in taxation.

So, you are saying that not only is he so productive that he is a greater benefit to society, but he can be a greater benefit to society with a lower percentage? :) that's awesome.
 
Is that what you heard on Fox news?

"Romney hasn't released the details yet, but the NYT reported last month that, as part of his retirement agreement with Bain Capital, Romney "has probably qualified for a lower tax rate than ordinary income under a tax provision favorable to hedge fund and private equity managers."
Carried Interest: Why Mitt Romney's Tax Rate Is 15 Percent : Planet Money : NPR

Romney admits he pays lower tax rate than most Americans

Obama likely paid higher tax rate than Romney in 2011

Over and over and over again, this point has been upheld. He did pay more FIT than 97% of Americans. Unless you are in the top 2.5-2.8% of income earners, you pay less FIT with only standard deductions (you know, the ones everyone gets). The talking point about his income is debunked. And that is including his capital gains rate which is supposed to be so incredibly low.
 
That is what worries me the most. Once we have more voters than FIT payers there is a HUGE political advantage to making FIT payers fund ever more wonderful "vote buying" programs for the masses. It is very easy to be generous with other people's money.


You got that right.

Then those who don't pay taxes will out number those that have to pay taxes. Sounds like the paying citizen is in for a lifetime of serfdom to me. What happened to "paying your fair share"?
 
That 48% figure referred only to federal income tax. You said people who don't pay any taxes at all.





FIT accounts for less than half the Federal taxes, and only 14% pay no taxes, mostly the destitute and the disabled.


Right. This is the same argument everyone that cries "increase taxes" uses.

I'll tell you what, I'll take the deal of paying all the other misc. taxes, if I don't have to pay federal and state taxes, can I get that deal?
 
Is it your contention that the 48% that pay no FIT do so because they enjoy living in or near poverty, or do you think it could be due to the unemployment, and underemployment due to the recession and outsourcing?


I've got someone who is in the position you described. Been that way for 3 years. He just missed that CEO position at Apple, so he'll stay on the govt dole until another one opens up I guess. But he will do it now without the Bank of Billy kicking in funds; 3 years is enough funding from me.

Bottom line he likes living on the bare minimum and doing nothing. It's a lot easier and evidently more to his liking that getting a job.
 
So, you are saying that not only is he so productive that he is a greater benefit to society, but he can be a greater benefit to society with a lower percentage? :) that's awesome.


I read this post and thought the same thing. But realized there is no convincing argument that will change a mindset like this.
 

The Wealthy put much more strain on our infrastucture than do the working poor or unemployed poor. Mounting millions of tractor/trailers upon our roads & highways. Using millions of gallans of water, in manufacturing, fracking (where the rich wrote the rules for the EPA & is totally unregulated) which is contaminating water tables.
Actually, I'm getting ****in' tired of carrying the rich. :peace

you demand more government services than I do, you want more government than I do-time for you to man up and pay for what you want
 
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