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Top 10% pay 73% of Federal Taxes, how much more should they pay?
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Anonymous
| What is fair? Remember 47% pay ZERO. |
Anonymous
Oh boo hoo. That money is NOTHING to the top 10%. I think they should pay far more. Cry me a f'king river. |
Anonymous
| It's just not true that 47% pay nothing in federal taxes. Remember that employment taxes are a flat rate on the first 100k or so and then nothing after that. |
Anonymous
| Give me a break. Most of the posters on this board are in that top 10%. You want to pay more taxes? I don't. |
Anonymous
Check this out. http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0 |
Anonymous
|
The top 10% own 70 percent of the wealth, so it sounds to me like they are not paying their fair share, given that they can afford to pay a higher share of their wealth than the poor.
If you include social security taxes then the poor in fact do pay quite a bit in tax. Also worth noting what corporations paid last year in taxes: Verizon, 10%, Ford, 2.3 %, BofA and Ge actually made money as a result of tax credits. Look around you: the rich have never been richer while the poor and middle class find it increasingly hard to make ends meet. IF you look at this situation and conclude that the solution is more tax cuts for the rich then your moral compass is severely fucked up, my friend. |
Anonymous
| Question for you OP: last year John Paulson, Hedge fund manager, made $5 billion. How much tax should he pay? What percentage would be "fair"? |
Anonymous
That only works if you want to play games and ignore the employment taxes that amount to about 8% of wages of a low income person, and less than 1% of the wages of someone pulling in a million dollars. Warren Buffett said his secretary was paying tax at a higher rate than he was. |
Anonymous
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So, what's the question? Should everyone pay the same percentage of their income or the same amount? If someone makes 100,000 and another makes 100,000,000, they should paid the same amount? No they should paid the same percentage(but they don't, the 100,000,000 pays a lot less- could as low as 15 percent)
If they did, let's make in easy, 10 percent, one pays 10k the other pays 10 m ...wow so unfair! |
Anonymous
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2007 annual income
Top 1 income above $12.7 million Top 2 income above $250,000 Top 5 income above $177,000 |
Anonymous
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Where do people go when they challenge the facts, then the facts are presented?
Should there be free representation with no taxes? That is just voting. Should there be full participation in the endless and ever increasing stream of benefits with no as wimpy boy calls it "skin in the game?" |
Anonymous
I have taken the liberty of numbering your points to try to introduce some structure into your ramblings. 1. What on earth are you talking about? Are you drunk? Or mad? 2. As explained above, social security taxes, sales taxes etc. are regressive, i.e. the poor pay a higher proportion of their income than the rich. You cannot take one tax in isolation and look at its incidence. I take it from your comment though that you are in favor of full voting rights for the District? 3. No, there shouldn't. I have no idea who wimpy boy is. But the fact is, the proportion of their income that the richest 10 or 1 percent of the population have been paying in taxes has declined dramatically in recent years. As a result of corporate welfare and loopholes many large corporations now also pay next to nothing in taxes. So this idea that benefits for the poor are increasing at the expense of the rich is total bullshit. So why don't you look up some facts before posting your gnomic wisdom, based on poorly remembered factoids from Fox News? |
Anonymous
Since he is a hedge fund manager, his earnings will be taxed at the capital gains rate. He will probably pay only 15% on most of it, even though it isn't his capital that earned it. That is a total scam. |
Anonymous
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Those poor persecuted rich people.
I would, however, like to see a chart on how non-immigrants are doing -- is most of the 'flattening' of wages in the past decade a result of immigrants showing up and depressing the totals? Because if native-born folks are still rising up in wages, etc., then that explains the continued appeal of right-libertarian philosophy. |
Anonymous
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How much of the tax burden they carry and the percentage of their income they pay are different things.
If they hold most of the wealth, it stands to reason they will be paying most of the taxes. However, due to tax shelters and other loopholes, many, many rich end up paying much less of a percentage of their income than the middle class. So what's you point OP? |