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Gunpoint is an expression that means not voluntarily, it’s not meant to be taken literally. I’m assuming you pay taxes out of the goodness of your heart and not because you are forced to?
And I'd bet not a single dem writes a check to Uncle Sam for EXTRA money above and beyond what they have to after "doing their taxes".
Well, this is misstated. The rich do not pay their fair share of taxes. The average American does. The rich have all kinds of ways to escape paying their fair share and often pay close to zero. This includes wealthy corporations and their phenomenally paid heads. The average American does not have the access or means to avoid taxes. And since the IRS funding has been so cut, the IRS more likely targets average tax payers rather than the rich who scheme to avoid taxes. Ferreting out rich tax cheats is extremely expensive.
This post makes me marvel at how people are so blinded. The original Income tax law structures tax rates so that there ARE varying rates of taxation according to income. If you disagree with even that law then you may have been happier living in an American over 100 years ago and not today's.
You DON'T know what you are blabbing about.
"The rich have all kinds of ways to escape paying their fair share and often pay close to zero."
And with ALL that they STILL pay 87% of Income Taxes collected.
5% wouldn't raise enough money to fund the government at even a greatly reduced level.
Progressive rates aren't evil, or based on class envy. The marginal rates before the Reagan tax law changes were as high as 70%, although very few people paid that rate, due to the amount of times that were allowed as deductions. Overall rates now are the lowest in many decades, probably since the FDR days.
I am opposed to the "wealth taxes" that have been proposed, because it's a bad idea to tax unrealized capital gains. If they are worried about the rich borrowing forever, and then not paying taxes when they die, a partial solution is pretty simple. Eliminate the step up of basis on inherited assets. If you inherit a billion dollars in stock, it's no longer is it tax free if you sell immediately. If you sell the stock, you pay the tax o n the full amount. That also solves the issues with larger family owned businesses - as long as the descendants don't sell, there's no tax.
It would probably be enough if government stuck to funding only it's actual constitutional functions.
Again, I'm not saying it needs to be 5% or 10% specifically.
I'm saying that it needs to be THE SAME FOR EVERYONE.
There are many upon many more multiples of people in this country that are takers of federal government entitlement handouts than there are rich people. The equation each day grows for the worse and not the better. We incentivize welfare babies as well as illegal immigration and make it easier to choose homelessness as a lifestyle. Before we even begin talking about raising tax rates on the rich and corporations we should be figuring out how to put all the people to work and tax them accordingly.
You see idle hands and want to give them a dollar I see idle hands and want to put a broom or a shovel into it.
The Kroger ad for this week has chicken at $1.79 per pound.
And where is that?
You DO know the country does NOT have the SAME Cost of Living EVERYWHERE in the U.S..
Guess NOT!
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