Is 39% tax rate for wealthy really fair?

[Anonymous]

I have a clue. The difference is pretty simple. The scores of loopholes can certainly be termed social engineering. But here is the difference, super genius... Those loopholes incentivize or discincetivize specific behaviors. You want a confiscatory tax rate because why? You want to simply punish rich people.

That is moronically stupid for a number of reasons, one of which is that it will result in LOWER revenues into the treasury. Take a freaking economics course at a community college.

[Anonymous]

A tax system that is designed to help primarily wealthy and upper middle class people

Good grief, 47% pay no Federal income tax. I suppose that is designed to help the wealthy and upper middle class....

[Anonymous]

Anonymous wrote:

Anonymous wrote:Those who think immigrants are using tax money, do you think tax money could be spent on the immigrants home country instead, so they would not have a reason to want to be elsewhere?

I think their governments should take care of their people.

Why should government have to take care of anyone. America, Mexico or anywhere else. If they didn't more people wouldn't be sitting at home lazy as heck!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

That is unfair.

I am sorry but I just don't see how this is unfair. I grew up dirt poor. I worked my ass off to get an education and spent another 25 years working my ass off to get where I am at today. It isn't up to you or anyone (besides my employer) to determine my worth and contribution to my company--or for that matter anyone's employment value. I pay my taxes, I support a number of elderly relatives (which would otherwise be on the public dole) and contribute to charity. I don't owe you or anyone else 50% of my income. Crying "unfair" makes you sound like a immature child.

All of those things that make it possible for you to rise up and enjoy this lifestyle comes from the hard work of the underpriviliged that work to make this country great. That pick the fresh tomatoes, that build the roads and buildings, that drive the buses and trucks etc. The nameless faceless people who really helped you create your lifestyle but will never share in the fruits. If the wealthy think it sucks so bad here they should move overseas and see how tough things are here. Patriotism also means paying your fair share to keep this country great. 50% for people making $500 is not unreasonable and you know it. Stop spending your money on unreasonable things and live simply.

I had grandparents that came over in steerage. No federal freebies. Nameless faceless people but were listed at Ellis Island. Public school with large class sizes and no ESL. No free daycare and childcare credits plus school started in grade 1. No free lunch. Those kids today get a lot and so do the parents. Easier than it ever was to get ahead.

But they don't want to get ahead. They just want to whine and complain that the rich owe them because they are "too ruch" and it is NO FAIR. Boo hoo. Shut up and do something with yourself. Why do you think illegals are working here. If you actually worked the jobs, you WOULD make money and the rich you are complaining about wouldn't make as much money paying lower pay to illegals. This Country doesn't know how to work hard and save anymore and the Mexicans are trumping all over us now. Government is allowing them to work illegally while paying welfare to legal lazy Americans. THIS is the problem. Does anyone see high schoolers or college kids actually working now adays? I only see foreign people in malls, restaurants, fast food, and cleaning/labor services. Americans are too busy with school to work. They freeload off their parents, rack up student loans and credit cards and then BEOTCH when they don't get a job out of college that isn't 6 figures. They rather get government help then work a low paying job to support themselves. It is a sad time in this Country. To expect the rich to give up 50% of their money for these kinds of people. INSANE.

[Anonymous]

Anonymous wrote:

A tax system that is designed to help primarily wealthy and upper middle class people

Good grief, 47% pay no Federal income tax. I suppose that is designed to help the wealthy and upper middle class....

Yes, so 50% should pay no taxes AT ALL and the rich should pay 50% of their money in taxes? Um, no.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

A tax system that is designed to help primarily wealthy and upper middle class people

Good grief, 47% pay no Federal income tax. I suppose that is designed to help the wealthy and upper middle class....

Yes, so 50% should pay no taxes AT ALL and the rich should pay 50% of their money in taxes? Um, no.

I agree with this sense of outrage. But I also agree that loopholes should be closed to ensure that very wealthy people pay AT THE VERY LEAST 25% or so income tax (effective rate).

There's a lot of common ground for reasonable people, but cheap demagoguery (of either kind) doesn't help us get there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

A tax system that is designed to help primarily wealthy and upper middle class people

Good grief, 47% pay no Federal income tax. I suppose that is designed to help the wealthy and upper middle class....

Yes, so 50% should pay no taxes AT ALL and the rich should pay 50% of their money in taxes? Um, no.

Um, yeah. The 50% that pay no INCOME taxes pay a buttload in other taxes, and still manage to buy all the crap you people sell in order to get rich.

Tax the poor and watch what happens to the WalMart fortune.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A tax system that is designed to help primarily wealthy and upper middle class people

Good grief, 47% pay no Federal income tax. I suppose that is designed to help the wealthy and upper middle class....

Yes, so 50% should pay no taxes AT ALL and the rich should pay 50% of their money in taxes? Um, no.

Um, yeah. The 50% that pay no INCOME taxes pay a buttload in other taxes, and still manage to buy all the crap you people sell in order to get rich.

Tax the poor and watch what happens to the WalMart fortune.

By developed economy standards, they pay a JOKE. Lets get real. Sure, richer people should pay more, but there's no way to run a country where 50% don't pay income taxes.

[Anonymous]

A better way is to continue to allow loopholes, tax shelters, etc, but to put a hard bottom below which your effective tax rate cannot drop. You can run a tiered structure like a marginal tax rate. If you make 0-$50K, then you can pay no taxes. $50-100K you cannot drop below 15%, $100-250K you cannot drop below 20%, over $250K you cannot drop below 25% or whatever levels you want. Then you won't have these multi-millionaires with 7-10 figure annual incomes paying 5-15% taxes. Then you wouldn't worry so much about the marginal tax rate and tax shelters, etc. And everyone would know that all were paying "their fair share."

[Anonymous]

Anonymous wrote:

A tax system that is designed to help primarily wealthy and upper middle class people

Good grief, 47% pay no Federal income tax. I suppose that is designed to help the wealthy and upper middle class....

It is, actually. It was George W. Bush's policies that did that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A tax system that is designed to help primarily wealthy and upper middle class people

Good grief, 47% pay no Federal income tax. I suppose that is designed to help the wealthy and upper middle class....

Yes, so 50% should pay no taxes AT ALL and the rich should pay 50% of their money in taxes? Um, no.

I agree with this sense of outrage. But I also agree that loopholes should be closed to ensure that very wealthy people pay AT THE VERY LEAST 25% or so income tax (effective rate).

There's a lot of common ground for reasonable people, but cheap demagoguery (of either kind) doesn't help us get there.

Which loopholes? There aren't nearly as many as you think.

[Anonymous]

Anonymous wrote:A better way is to continue to allow loopholes, tax shelters, etc, but to put a hard bottom below which your effective tax rate cannot drop. You can run a tiered structure like a marginal tax rate. If you make 0-$50K, then you can pay no taxes. $50-100K you cannot drop below 15%, $100-250K you cannot drop below 20%, over $250K you cannot drop below 25% or whatever levels you want. Then you won't have these multi-millionaires with 7-10 figure annual incomes paying 5-15% taxes. Then you wouldn't worry so much about the marginal tax rate and tax shelters, etc. And everyone would know that all were paying "their fair share."

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A tax system that is designed to help primarily wealthy and upper middle class people

Good grief, 47% pay no Federal income tax. I suppose that is designed to help the wealthy and upper middle class....

Yes, so 50% should pay no taxes AT ALL and the rich should pay 50% of their money in taxes? Um, no.

Um, yeah. The 50% that pay no INCOME taxes pay a buttload in other taxes, and still manage to buy all the crap you people sell in order to get rich.

Tax the poor and watch what happens to the WalMart fortune.

On a sunny day, when you look outside, what color is the sky?

[Anonymous]

I remember Reagan crowing about the EITC and how the 1986 tax reforms took millions of taxpayers off the rolls ...

now the GOP talking point is about how the 47% (TM) aren't paying their "fair share." So they want to raise taxes, just not on the Job Producers (TM).

[Anonymous]

My idea:
Tie in tax rates to unemployment, poverty rates, the minimum wage, etc. If the unemployment rate is at 3%, marginal tax rates can be 15-20%.

If it stays up in double-digits, then hike it up to 50% since the upper classes are not fulfilling their part of the social contract. If they can't be arsed to create jobs, then we shouldn't be arsed to protect their pweshus income.