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Old Yesterday, 06:07 PM
 
19,048 posts, read 9,705,375 times
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Quote:
Originally Posted by TBMorgan View Post
Loopholes are legal - not illegal - they are ways to get around the tax system and keep money out of the gov't hands. And corporations use them all the time.
You made people keeping their own money sound like a bad thing while you use every loophole on the book to avoid paying taxes.

Last edited by lifeexplorer; Yesterday at 06:19 PM..
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Old Yesterday, 06:17 PM
 
19,048 posts, read 9,705,375 times
Reputation: 5341
Quote:
Originally Posted by RedZin View Post
I think it's amazing that people with relatively little (and that's most of the people I see jumping to the defense of the absurdly wealthy) go to bat so hard for people who don't give a damn whether the little people have healthcare and food.

And, none of that "they work harder" because that's nonsense.

When people like Warren Buffet are out there telling you they have way more money than they'll ever spend, it starts to make sense for noblesse oblige to kick in.

Alas, where our Congress really likes to cut deep is in that tier below the 1%, where most of the wealthier families in the US sit, where a percentage point or two in taxes or higher hits from the damned AMT actually DO make a difference in their spending ability. I have a feeling that people who defend the "wealthy" are really thinking of that group of people, and we all thank you for thinking of us, but tell Congress about it because it's not the "regular, high-earning households" that most people are actually referring to (even if they don't realize it) when they refer to the 1%.

Hell, the 1% are extremely unlikely to be posting on City Data. The 2-3%? Absolutely. The 3-5%? Even more likely.

It is astounding how big the gulf in income inequality is between the 1% and the 2-3% actually. Ever see a graph? It'll blow your mind.
Why shouldn’t people keep what they earn legally regardless they work hard or not?

Why should I be enslaved to provide you healthcare, food and education when your parents don’t even care?

Last edited by lifeexplorer; Yesterday at 06:28 PM..
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Old Yesterday, 06:32 PM
 
Location: Unperson Everyman Land
30,529 posts, read 20,178,916 times
Reputation: 8425
Quote:
Originally Posted by Motion View Post
When politicians say that the rich should pay more in taxes I ask pay more for what reason?

When you look at the democrats who are running for president. They all want medicare-for-all and some form of free college. These things would require more taxation. But many Americans disagree with these things and the higher taxes that will come with them. So should the rich be paying more in taxes just to provide more funding for things many Americans disagree with? Aren't the rich paying enough taxes to cover our current government services and programs?

The wealthy should pay more taxes because they have more property and wealth that is protected by the federal government.

Besides, the overwhelming majority of these people were born into money and will enjoy the financial head-start they received at birth all their lives while the working poor will be forced to work for them and make them even more money.

Democrats, of course, would like to promise to heavily tax the wealthy, but they haven't since the Kennedy Administration and they won't now.

They'll also make promises for free Medicare and such, but the taxes, if any are imposed, will come from working Americans.
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Old Yesterday, 06:34 PM
 
Location: New Albany, Indiana (Greater Louisville)
9,933 posts, read 21,200,074 times
Reputation: 9465
There's only one reason the rich should pay more: they can and still live a life of luxury. You tax someone making $30k a year $30k and they'll starve to death. You can tax someone making $8 million a year 50% and they'll still have a couple Ferraris.
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Old Yesterday, 06:38 PM
 
19,048 posts, read 9,705,375 times
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Quote:
Originally Posted by censusdata View Post
There's only one reason the rich should pay more: they can and still live a life of luxury. You tax someone making $30k a year $30k and they'll starve to death. You can tax someone making $8 million a year 50% and they'll still have a couple Ferraris.
Wouldn’t that be taxation without representation?
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Old Yesterday, 07:16 PM
 
19,048 posts, read 9,705,375 times
Reputation: 5341
Quote:
Originally Posted by momonkey View Post
The wealthy should pay more taxes because they have more property and wealth that is protected by the federal government.

Besides, the overwhelming majority of these people were born into money and will enjoy the financial head-start they received at birth all their lives while the working poor will be forced to work for them and make them even more money.

Democrats, of course, would like to promise to heavily tax the wealthy, but they haven't since the Kennedy Administration and they won't now.

They'll also make promises for free Medicare and such, but the taxes, if any are imposed, will come from working Americans.
Why? What’s your fair share to the society when others are paying more than you do? How is that in anyway moral, just or fair?
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Old Yesterday, 07:54 PM
 
Location: Texas
81 posts, read 16,260 times
Reputation: 116
Quote:
Originally Posted by t206 View Post
Our enemy is the government, not our citizens.
Who makes up the government in your opinion, from where I sit, its the citizens.
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Old Yesterday, 07:58 PM
 
19,048 posts, read 9,705,375 times
Reputation: 5341
Quote:
Originally Posted by GreenBouy View Post
Who makes up the government in your opinion, from where I sit, its the citizens.
Plenty vicious people have no problem with enslaving others as long as they themselves are the recipients of the benefits.
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Old Yesterday, 08:00 PM
 
11,458 posts, read 6,003,072 times
Reputation: 3677
Quote:
Originally Posted by GreenBouy View Post
Who makes up the government in your opinion, from where I sit, its the citizens.
Sure, from a strictly factual perspective, you need to be a citizen to be elected, thats obvious.

They act (and are treated) as if they are a special class of citizen though, and they act as if they know whats best for us, and they have authority and power to hold over people in order to manipulate things to their own warped views instead of letting people enjoy as much freedom as possible.

EDIT - and also the "government" as an entity, not as individuals.
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Old Yesterday, 09:55 PM
 
Location: New Orleans, La. USA
5,941 posts, read 2,849,998 times
Reputation: 2203
Quote:
Originally Posted by InformedConsent View Post
The IRS keeps track of this...

Americans making $200,000 to $480,000 a year pay an average effective federal income tax rate of 22%.

Americans making $480,000 to $2,125,000 a year pay an average federal income tax rate of 26.87%.

Americans earning above $2,125,000 a year pay an average effective federal income tax rate of 27.05%.

https://www.irs.gov/pub/irs-soi/16in01etr.xls and https://www.irs.gov/pub/irs-soi/16in02etr.xls

The top 400 taxpayers (minimum income: $126.8 million) do get a slight break likely due to the capital gains tax, and pay an average effective federal income tax rate of 23.13%.

https://www.irs.gov/pub/irs-soi/14intop400.pdf

What's stunning is how sharp the drop off the average effective federal income tax rate is when it comes to the top 5% to 10% (income: $140,000 to $200,000). They pay an average effective federal income tax rate of 14.05%. And then the effective tax rate drops exponentially from there as income decreases to the point that the average effective federal income tax rate of the bottom 40% is actually negative.
Our federal tax bracket system is lacking, and it unfairly punishes Americans in certain income brackets.


Bellow are incomes with the actual federal tax bracket rate,
Tax Brackets (Federal Income Tax Rates) 2000 through 2019

10,000- 10%
20,000- 12%
30,000- 12%
41,000- 22% (the tax bracket rate almost doubles at $41,000, but it only slightly rises for all other brackets)
50,000- 22%
60,000- 22%
80,000- 22% (these American make double of someone at $41,000, but they have the same tax bracket rate)
100,000- 24% (a 2% tax rate increase, but Americans at $41,000 get a 10% tax rate increase)
125,000- 24%
150,000- 24%
161,000- 32%
205,000- 35% (Americans making $205,000 are getting hammered with unfair 35% rates)
300,000- 35%
400,000- 35%
511,000- 37% (these Americans are in the same bracket as someone making $50 million a year)
600,000- 37%
800,000- 37%
1,000,000- 37% (these Americans are in the same bracket as someone making $100 million a year.)
5,000,000- 37%
10,000,000- 37%
20,000,000- 37%
50,000.000- 37%
100,000,000- 37%




A fair tax bracket system would be something like the percentages in the first column bellow,
-The tax % figures in ( ) are today's actual federal tax bracket figures.

$1,000- 0%
5,000- 5%
10,000- 10% (10%)
20,000- 12%
40,000- 14% (22%) These Americans are placed in a unfair tax bracket
60,000- 16%
80,000- 18% (22%)
100,000- 19%
180,000- 20% (32%) These Americans are placed in a unfair tax bracket
200,000- 21%
250,000- 22% (35%) These Americans are placed in a unfair tax bracket
350,000- 23%
450,000- 24%
600,000- 25% (37%) These Americans are placed in a unfair tax bracket
900,000- 26%
1,500,000- 30% (37%) These Americans are placed in a unfair tax bracket
2,500,000- 31%
4,000,000- 32%
6,000.000- 33% (37%) These Americans are placed in a unfair tax bracket
10,000,000- 34% (37%)
50,000,000- 35%
100,000,000- 37% (37%)


Our federal tax bracket system is punishing certain Americans with high tax rates by placing such large ranges of income in the same tax bracket. And it unfairly punishes certain tax brackets with unusually high tax rate increases.

Last edited by chad3; Yesterday at 10:16 PM..
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