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Some of the wealthy don't pay their fair share. They have tax attorneys who scrutinize every line of their returns to make sure they get all their tax breaks. Who's kidding who.
Some of the wealthy don't pay their fair share. They have tax attorneys who scrutinize every line of their returns to make sure they get all their tax breaks. Who's kidding who.
You're kidding yourself. The IRS actually publishes the exact data on this:
The average effective federal income tax rate paid by the top 400 tax filers (which is the top 0.000287%): 23.13%
This is why it's so incredibly frustrating that so many people believe the left's and MSM's manipulative lies. We would all be SO much better off if more people could actually think for themselves and verify what they're being told instead of just believing what a Dem politician or the MSM tells them.
Some of the wealthy don't pay their fair share. They have tax attorneys who scrutinize every line of their returns to make sure they get all their tax breaks. Who's kidding who.
Your issue is your definition of "fair". Our tax code is based on legal code. Not magical pixie dust fairness. If someone legally has a deduction or a write off, that is the code working by design.
If you don't think it is "fair" then change the laws, don't gripe about successful people simply continuing to do what made them successful.
How about everyone pays 15% across the board? Sound fair.
The top 20% pay 84% of the taxes. 51% of people don't pay any FED taxes at all.
I'm in that group, and even though I pay a bungload of state taxes, sales taxes, utility taxes, and SS...etc. the top 20% are paying the lions share as it is. THEY (the wealthy) live portable lives. If they become over taxed, they move. That is as big a problem as the jobs being moved overseas.
People without money are the only ones stuck in their situation, and expecting handouts isn't the answer.
So, your solution is to not only kill the economy, but make everyone equally poor. God I love socialists.
It'll be fine. The economy will grow because there will be no income tax.
You live in LA, you should be able to see the social impacts that expensive land incurs on society. Tax it and the prices will fall.
Smart people understand that there isn't a finite amount of wealth. Wealth is created and wealth distribution does not create more wealth. Look at socialist Venezuela and compare it to capitalist Columbia. Capitalism is king and should be hip with the entrepreneural young tech crowd, socialism is the opposite.
Some of the wealthy don't pay their fair share. They have tax attorneys who scrutinize every line of their returns to make sure they get all their tax breaks. Who's kidding who.
First, you are factually wrong.
Secondly, I asked repeatedly what the fair share is. The answer is 0%.
So the rich actually have been paying far more than their fair share!
Do wealthy people owe the 99% something? Should they?
It doesn't really matter if they legitimately owe something or not. They can't keep all the goodies for themselves. There's a point at which the 99% will flex their collective muscles and appropriate their stuff. So it's in the best interests of the elite to maintain a system where everyone benefits and disparities don't get too large.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by lifeexplorer
First, you are factually wrong.
Secondly, I asked repeatedly what the fair share is. The answer is 0%.
So the rich actually have been paying far more than their fair share!
How is the fair share zero? Let me guess, another libertarian
User fees and tolls are regressive and punish the lower classes for not being rich. That's why we have progressive taxation, so we don't "kill the poor"
Your issue is your definition of "fair". Our tax code is based on legal code. Not magical pixie dust fairness. If someone legally has a deduction or a write off, that is the code working by design.
If you don't think it is "fair" then change the laws, don't gripe about successful people simply continuing to do what made them successful.
^^^^^ You beat me to it with the above, but Informed Consent's answer in her last post is better and completely refutes the post the two of you replied to (and that I was going to reply to until I saw your post).
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The IRS actually publishes the exact data on this:
