the richest 25 Americans have an average tax rate of 15.8% (salaries, laws, million)

[Bettafish]

Originally Posted by paracord

What's "fair share?"

Give me a number.

Nobody here is an expert to give you a number.
However, the idea is rich people should be asked to pay more, given the information we have.
You may use Europe as a reference too.

[paracord]

Originally Posted by Bettafish

Because if they pay less, you have to pay more. (Given a budget)
Isn't it kindergarten math?

You obviously don't have an Econ "PhD"

People enter and exit the workforce all the time. NEW taxpayers are created by incentives to join the workforce (one of which is a good tax rate).

Also, the government deficit spends. Tax rates aren't levered directly to the budget.

You obviously had to know this?

In the past 20 years, the tax rates on ALL tax payers have gone DOWN at the federal level, thanks to the two republican presidents we've had in that time.

[paracord]

Originally Posted by Bettafish

Nobody here is an expert to give you a number.
However, the idea is rich people should be asked to pay more, given the information we have.
You may use Europe as a reference too.

What number is rich?

Are YOU rich?

After all, you are an engineer with a "PhD" and you didn't qualify for stimulus money. Obviously you're not in the "needs help" category as defined by the federal government.

Define "rich."

[Bettafish]

Originally Posted by paracord

Okay good. So you're doing well like me then. Why don't you stop taking some tax deductions? Put your money where your mouth is?

To some people we make A LOT of money. To Jeff Bezos, we make couch change. It's all perspective.

Why don't you sign up to pay a little more in taxes to help those that make a lot less than you?

I have a much higher "income tax" rate than Bezos, or low-income people.
So how much I make is irrelevant.

[Mathguy]

Originally Posted by Bettafish

No, but it's headline news now so obviously many knowledgeable people are thinking about it.

We have a new contender for unintentionally funniest post of the year.

It's headline news to serve as click-bait and generate $$$, not because it's well thought out or from a position of knowledge.

P.S. I doubt you even know what OASDI is without looking.

[paracord]

Originally Posted by Goodnight

So you don't care about a fair tax system, what anyone else pays is irrelevant.

So if your tax rate was say 30% you wouldn't care that Bezos is paid less than you with all his wealth.

I don't buy that for one minute.

My god you people are incessant.

Jeff Bezos already has billions. He doesn't have a W2 like you and I do.

What would he pay taxes on if his "salary" is ZERO? Please define it for me.

[Bettafish]

Originally Posted by paracord

What number is rich?

Are YOU rich?

After all, you are an engineer with a "PhD" and you didn't qualify for stimulus money. Obviously you're not in the "needs help" category as defined by the federal government.

Define "rich."

I belong to the middle class. I want to see rich people have a higher tax rate than 15.8%.

[paracord]

Originally Posted by Bettafish

I have a much higher "income tax" rate than Bezos, or low-income people.
So how much I make is irrelevant.

So why don't you take less deductions? Why don't you just forego and pay more in taxes?

Jeff bezos probably makes $0 per year in taxable W2 income. Anyone makes more than him in that regard.

[Bettafish]

Originally Posted by paracord

My god you people are incessant.

Jeff Bezos already has billions. He doesn't have a W2 like you and I do.

What would he pay taxes on if his "salary" is ZERO? Please define it for me.

Income is not just "salary".
If tax laws make it that way, change it. For example, the proposal to raise the capital gain tax may be a good idea.

[paracord]

Originally Posted by Bettafish

I belong to the middle class. I want to see rich people have a higher tax rate than 15.8%.

What is rich?

Give me a number.

You keep referencing "rich" yet you keep avoiding defining it.