Next time you meet a wealthy person, thank them...

[lazs2]

mt... that is not correct so far as payroll taxes go.   They may pay at first but end up getting it all back... they don't even have to pay much if they fill out their W4 correctly.

We are not talking about sales taxes we are talking progressive taxation.   Everyone pays the same percent on sales tax... it matters not what percent that is of their income.

Same for fuel taxes say... those who use the most gas use the roads the most...  it is a sensible taxation plane except in distribution... the money should only go toward roads.

lazs

[midnight Target]

By payroll taxes I am mostly talking about Social Security, and no, they don't get it back. Sales taxes and fuel taxes are taxes, you can't throw them out of the mix.

[bj229r]

Originally posted by midnight Target
By payroll taxes I am mostly talking about Social Security, and no, they don't get it back. Sales taxes and fuel taxes are taxes, you can't throw them out of the mix.

Well, 15% is 15%, no matter HOW much money you make...As your income bracket gets higher and higher, your INcome tax RATE (not FICA) actually increases--when Reagan came in, top earners paid some 70% of EXPOSED income to the IRS==he dropped it to 28%, Clinton raised it to the mid 30's I think. then Bush dropped it a bit-- I find it mind-boggling that the Left in the USA thinks it isn't fair that if you make twice as much, you pay twice as much in taxes...they think it should escalate exponentially:huh

[lazs2]

mt... social security is a little over the top when we are talking about progressive income tax wouldn't you say?

Would you have us dump it?   I would agree if that were the case.  Another attempt at socialism that ended up hurting everyone.

Sales tax does not fit the progressive tax bill.   It is as fair as anything can be.   If you use a portion of a service then you pay that portion... the poor use the roads proportionate to the rich so far as what they are paying in gas tax.   The more you drive the more you pay.

I would also say that the poor get a higher percent of their income paid to them in social security when they retire...     At a point... there is a maximum benifiet.. a small pitance to the rich.

Social security was a bad idea tho in any case and the ponzi scheme of our worst president... it is a huge part of our debt and dragging us under with no end in sight.   Socialism at work.

lazs

[lasersailor184]

Originally posted by Ripsnort
Here is another related article:
The young and very wealthy give less to charity:
Article here with stats

So basically if you under 35 or making over $500,000 a year, you're a cheapskate!

Cheapskate?  Why should anyone be expected to give any of their hard earned money away?

I'm dissapointed in you Rip.

[john9001]

the rich pay taxes because they have the most money and can afford to pay taxes.  What do you think is a fair income tax for a baseball player who "earns" 26 million a year?  30%?  gee that only leaves about 18 million a year to survive on.

[mietla]

according to your logic, the wealthy should pay $5,000 for a loaf of bread as well. Should they?

You are just being silly.

[midnight Target]

Originally posted by bj229r
Well, 15% is 15%, no matter HOW much money you make...As your income bracket gets higher and higher, your INcome tax RATE (not FICA) actually increases--when Reagan came in, top earners paid some 70% of EXPOSED income to the IRS==he dropped it to 28%, Clinton raised it to the mid 30's I think. then Bush dropped it a bit-- I find it mind-boggling that the Left in the USA thinks it isn't fair that if you make twice as much, you pay twice as much in taxes...they think it should escalate exponentially:huh

I got no problem with a flat tax, just pointing out that the poor are already hit harder by taxes than anyone (on this BBS at least) is willing to admit.

[mietla]

you can call SS a tax, but it is more than that. It is their ticket to the benies, and they'll get back many times more than thay've put in.

If SS is still there for them.

It is more of an "investment" than a tax.

[Neubob]

Originally posted by john9001
the rich pay taxes because they have the most money and can afford to pay taxes.  What do you think is a fair income tax for a baseball player who "earns" 26 million a year?  30%?  gee that only leaves about 18 million a year to survive on.

According to modern tax rates, they'd be paying far more than 30% a year. And if they earned it legally, then niether you nor the government should have any interest or claim in what they do with the remainder.

Say Chairboy invents something, makes $100 million... How does an achievement like that entitle YOU to any of the financial benefits above and beyond the same obligation that every other American must fullfil?

As far as his personal expenditures go, I doubt that's really any of your business. If it's his choice between a fleet of Ferraris and fixing the road outside Yeager's house, the fleet of Ferraris is his to have.

[mietla]

The only thing the lefties value is a physical labor. If you sweat, your work counts, if not, you are a thief who steals "real workers" wages. They even go as far as to ignore the result. It's the effort and sweat that counts, the result is irrelevant.


Does not matter that you've had a original idea, put up your own money behind it, built a company and made something of value. As soon as you make a profit, you should call a company meeting and divide all the profit equally among the employees. You should not even take your equal share, because you did not realy produce anything. All you did is provide an idea, put up the capital and take the risk. You did not really work.

I'm amazed how successful the lefties are in pushing this caricature of a world view. But.. just read this BBS or even this thread.

1. "All wealth is produced on backs of the poor and subsequently stolen"
2. "You should not have to pay for what you use. Those who can afford it should"

[Toad]

Bye-Bye, Gates contribution doesn't count unless he gives ALL of it to charity.

Didn't you know that? More is never enough.

It's axiomaticistical.

[storch]

a VAT or a national sales tax instead of the income tax would be great but it would probably end up being just an additional tax.  there is no way that the accountants and attorneys that specialize in taxation representation would ever allow those two professions to be impacted by the elimination of the federal income tax.

[midnight Target]

Originally posted by mietla
The only thing the lefties value is a physical labor. If you sweat, your work counts, if not, you are a thief who steals "real workers" wages. They even go as far as to ignore the result. It's the effort and sweat that counts, the result is irrelevant.


Does not matter that you've had a original idea, put up your own money behind it, built a company and made something of value. As soon as you make a profit, you should call a company meeting and divide all the profit equally among the employees. You should not even take your equal share, because you did not realy produce anything. All you did is provide an idea, put up the capital and take the risk. You did not really work.

I'm amazed how successful the lefties are in pushing this caricature of a world view. But.. just read this BBS or even this thread.

1. "All wealth is produced on backs of the poor and subsequently stolen"
2. "You should not have to pay for what you use. Those who can afford it should"

BS

[Sixpence]

I make 60k, have a 2k mortgage, pay $2400.00 in property taxes, 2k in fed taxes(after return) 1k state tax, and countless other fees, fines and taxes. If I were to pay a third of my income in taxes I would not survive. If I made 18 million and paid a third, i'd be living on easy street.

So, am I going to shed a tear for the guy making 18 million and paying a third? No.