• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Do The Rich Pay Too Much Federal Income Taxes

Do The Rich Pay Too Much Income Taxes


  • Total voters
    90
Rob everyone's paycheck? Come on. Taxes are taxes, we all have to pay them, it is the price of living in a great country. A flat tax is ridiculous. Someone who makes 400k a year should not pay the same rate as someone who is hovering around the poverty line.

Why not? The guy making 400K probably consumes less from society and still contributes much more than the guy at the poverty line.

 
getting away scott free? do you believe the poor enjoy being poor and laugh at the rich paying taxes. Have you ever tried to put yourself in another's shoes. If you were poor would you say the same thing?

Yes I would, that's the whole point of being a conservative. Too bad you don't get it.
 
If you want to get up and move, go ahead. With basically the whole industrialized world practicing socialism, I'm just curious, what country do you think you'll go to?
Switzerland's taxes are pretty low and they have no cap gains tax, neither has Singapore (which is why the co-founder of Facebook moved there and renounced his citizenship). Both these countries pretty much weathered the recent recession pretty well too.
 
Maybe this is mentioned elsewhere in this thread but I heard on the news yesterday that 90% of all federal taxes are paid by 20% of the population. If that's true, it's appalling.
 
Not overtaxed. Fairly reasonably taxed, and still enjoying incredible benefits for what they're paying. The billionaires should be paying more dollars than millions of Americans combined. They have more dollars than a hundred million Americans combined.

I don't support the concept that they should pay so much more when they don't get additional benefits. Indeed, most billionaires are doing plenty for society. some aren't but many are. they certainly USE less government than those millions

ability to pay appeals to the masses but is hardly fair
 
Your in the wrong country if you don't believe in progressive taxes. The founders saw it as a way to stop the wealthy from gaining undue influence over govt. Something they feared because of the European model at the time. The made no mention of "income redistribution" They just thought it greedy to want so much more than you needed to prosper and as Ben Franklin so aptly said......

socialist crap-there was no progressive income tax in the Constitution. Your rant is nothing more than class envy. What is really greedy is your wanting the wealth that others earned.
 
THe key word in the charts in the op is "taxable".

If anybody is really so naive as to think the taxable income for the really wealthy represents their ACTUAL income,perhaps they should just move along so as to not embarrass themselves.
 
I believe so. Depending on your state of residence, you could be paying almost half your total income to the taxman.

Plus gas tax, sales tax, property tax, tolls, airline tickets to pay people to see us naked ab cop a feel, special taxes built into our utility and phone bills. I think average people pay 50% of their income in taxes.

I'd prefer to see either:

1. A single flat tax that covered everything; federal, state, local, gas, cell phone, tolls, whatever. Automatically deduced from our paychecks; no annual filling, loopholes, deductions, credits, whatever. Let the government figure out the math and split it up, not us. If the government wants to offer a credit for something, let that be separate from taxes and work like a rebate. If they want to add more taxation to cigarettes and beer with so-called sin taxes, roll that into the costs of the product like gas.

or

2. A single flat retail sales tax that covered everything. No payroll deductions, no annual filling, no loopholes, no deductions, no credits, no whatever. I'd be okay with a higher sales tax rate for luxury items and services and waiving the tax all together for residential homes that are less than 200% of the cost for median homes in their state. If the median home in your state is $150,000, no sales tax on homes $299,999.99 and under. And no property taxes ever.
 
Wouldn't they typically deduct their state taxes from their federal taxable income? Given the number of deductions, tax shelters, credits and so on, I would think paying nearly half your income in taxes would be very rare. You would have to fall into the alternative minimum to even get anywhere close.

Every state works differently, but in many states your federal tax liability is a deduction to state income. It helps, but it doesn't cause a huge dent in tax relief.
 
...ah, NO! This is a common misconception derived when you add a bunch of numbers that do not add together. NO ONE is paying anywhere near 50% of income in taxes. The biggest taxpayers pay more like 30-35%
A multimillionaire in California is subject to the top tax bracket of 39.6% for the vast majority of his money, and California's state taxes peak at 12-13%. Assuming a minor state credit for federal liability, you're still paying damn near 50%.That's not a misconception. You're just plain wrong.
 
Plus gas tax, sales tax, property tax, tolls, airline tickets to pay people to see us naked ab cop a feel, special taxes built into our utility and phone bills. I think average people pay 50% of their income in taxes.

I'd prefer to see either:

1. A single flat tax that covered everything; federal, state, local, gas, cell phone, tolls, whatever. Automatically deduced from our paychecks; no annual filling, loopholes, deductions, credits, whatever. Let the government figure out the math and split it up, not us. If the government wants to offer a credit for something, let that be separate from taxes and work like a rebate. If they want to add more taxation to cigarettes and beer with so-called sin taxes, roll that into the costs of the product like gas.

or

2. A single flat retail sales tax that covered everything. No payroll deductions, no annual filling, no loopholes, no deductions, no credits, no whatever. I'd be okay with a higher sales tax rate for luxury items and services and waiving the tax all together for residential homes that are less than 200% of the cost for median homes in their state. If the median home in your state is $150,000, no sales tax on homes $299,999.99 and under. And no property taxes ever.

Well yeah, if you add up taxes from all sources it's downright offensive. It's just something we don't think about.
 
Everyone should pay the same amount of taxes. Not as a percentage of income. But as an exact dollar amount. Since we all benefit equally from the government services.
That is the only fair way of doing things.
 
THe key word in the charts in the op is "taxable".

If anybody is really so naive as to think the taxable income for the really wealthy represents their ACTUAL income,perhaps they should just move along so as to not embarrass themselves.

What is the non-taxable income enjoyed by the really wealthy?
 
And yet almost all liberals wax rhapsodic about Europe and wish we were more like Europe. Funny that.

Yet I don't care what the sycophants on either side delude themselves with.
 
Everyone should pay the same amount of taxes. Not as a percentage of income. But as an exact dollar amount. Since we all benefit equally from the government services.
That is the only fair way of doing things.

Nonsense. Obviously a company using big trucks benefits more from roads than a company selling bicycles or kites. A richer man has more need for a boat ramp or marina slip. Not everyone qualifies for "safety net" assistance (like Medicaid). People's use of any particular gov't service will vary greatly, as will their total use.

A more fair way of doing things would be to divide the federal budget by 535 and send the bill for that amount payable by that congress critter - allowing taxation in that state/district to reflect their cost of representation. ;)
 
I know! I wish I could understand how your minds work! So many poor conservatives vote against their own interests and it's quite mind boggling.

We're actually more concerned about the health and welfare of society. Imagine that.
 
Nonsense. Obviously a company using big trucks benefits more from roads than a company selling bicycles or kites. A richer man has more need for a boat ramp or marina slip. Not everyone qualifies for "safety net" assistance (like Medicaid). People's use of any particular gov't service will vary greatly, as will their total use.

A more fair way of doing things would be to divide the federal budget by 535 and send the bill for that amount payable by that congress critter - allowing taxation in that state/district to reflect their cost of representation. ;)
That could start a revolution:mrgreen:
The reality is our Government spends TOO much.
The Cost of goods sold for our Federal Government is about $12,000 per person per year.
Family of 4, $48,000 a year, yep they are spending too much.
 
The reality is our Government spends TOO much.

Should the government spend less than they take in through taxes?

Should the government spend more than they take in through taxes?

I guess what I am getting at. Would you be ok if your taxes were $0 even if the government spent like crazy through borrowing rather than taxation?
 
Should the government spend less than they take in through taxes?

Should the government spend more than they take in through taxes?

I guess what I am getting at. Would you be ok if your taxes were $0 even if the government spent like crazy through borrowing rather than taxation?
Of course not, we the people are still liable for their poor spending habits.
Ideally The Government should spend exactly what they take in in taxes.
If they are taking in too much the rate is wrong, it they are not taking in enough,
they ether need to raise taxes, or spend less.
 
Ideally The Government should spend exactly what they take in in taxes.

You guys crack me up. Using that logic, taxes should go up really, really high. The government spends a lot more than they take in. That's not a secret.

It has been that way for over 60 years.
 
You guys crack me up. Using that logic, taxes should go up really, really high. The government spends a lot more than they take in. That's not a secret.

It has been that way for over 60 years.

No, spending should be drastically cut.
 
You guys crack me up. Using that logic, taxes should go up really, really high. The government spends a lot more than they take in. That's not a secret.

It has been that way for over 60 years.
I am not sure what is funny about expecting my Government to act fiscally responsible?
 
No... they do not pay too much.
 
Back
Top Bottom