Top 3% of Taxpayers paid majority of income taxes in 2016.

Failed? If you don’t like living in a society where everyone lives better than the vast majority of humans since the beginning of time go somewhere everyone’s life sucks and leave this country alone.

You’re in the 1% of people historically and you still moan about people who have more than you. I’m tired of greedy people trying to ruin things for everyone else.

 

I’m good but thanks for your non-suggestion.
<Mod Edit>
As an American we all have the rights to voice our concerns.

Bringing up a valid point isn’t moaning, <Rule 2>. I too am tired of greedy people trying to ruin things for everyone else - you just believe the greedy people are the ones struggling to feed their family - I believe the greedy are the multi billionaires using legal maneuvers to shut down competition or selling assets to subsidiaries while lowering wages in the intention to file bankruptcy to enrich themselves.

 

State tax deductions are necessary for state governments to experiment in ways that require significant spending. Lets say we had zero state deductions. Then whenever states raised taxes, then those groups helped most by that spending will move in, while those being taxed the most will leave. E.g. if a state tried to implement a universal healthcare system, then sick people will move in, while rich people will move out. Therefore state programs that require significant spending will eventually fail. By allowing rich people to deduct some state taxes, then they will be less likely to move out and states can more easily experiment take on more responsibility.

I am sure that state tax deduction for the rich, and paying for liberal state taxes don't make good talking points, but in real life they make a lot of sense.

 

First of all China has less need for automation because of the low wages it's people get. They are backward. In places they still farm with a team of oxen. The people there work for little because they have no welfare. You can work or you can starve. Their government don't care if you starve, they don't cater to leeches. More automation is coming to the US because morons are pushing for a $15 minimum wage. No business owner is going to pay some dolt $15 an hour when a machine is more cost effective. But even at that there are limits to what a robot can do. Your assertion that "Automated jobs taking years of education and experience" is complete nonsense. Most kids today are very tech savvy. In addition, working on an assembly line building robots is no different that working on an assembly line building washing machines. They are not designing anything they are plugging parts.

The only area job growth has not kept pace is in the unskilled and semi-skilled markets. That is due to the millions of illegal aliens that have flooded those markets. Trump's tax plan has brought many company back to the US and these companies are looking for workers. Christ, 7.1 million new job opening were posted in August alone. That is the second month in a row of over 7 million new job openings. Worker participation numbers are at or near an all time high and more demand is there. Of course skilled workers are more in demand. Does that perplex you? It shouldn't, the same job areas have been in demand for decades. For those who don't have those skills, get them and cash in. There is no law that says if you have to languishing in the unskilled market for peanuts. If you want more money, take the steps necessary to obtain those skills and move up the economic ladder. It will take work and it may take some sacrifice, but that is life. The economy in this country is booming. If you are too stupid or lazy to take advantage of it, that is on you.

 

Why should rich New Yorkers pay less federal tax than other states?

 

Starving Chinese is called "The Great Leap Forward".

Typical leftist policy.

 

Lets think about taxes from a moral perspective. When you live in a country, its like living in a gated community where you own property but you have to follow the community's rules and pay its fees. Taxes are like rent and fees to live in the US. Gated communities might have public benefits like pools, gym, and parks that everyone pays for but not everyone uses.

Imagine if a community had a benefit like a hangout for the disabled or something that not everyone uses but everyone pays for. Its not unfair to make everyone pay for that because they voluntarily agreed to join the community, and that community has a certain culture and benefits, and to be part of that culture you have to pay its fees even if you get less benefit from those fees. I can then picture a community which gave a discount to people below a certain income level while making everyone else pays more. Again, this isn't immoral because we all agreed to abide by its rules and live in a community that helps our poorer members, and this is a bit like progressive taxation.

You might say that taxes aren't voluntary and we never agreed to join the US community. On the contrary, everyone has the choice to leave the US and renounce its citizenship. Or we can live out in the wild away from civilization either in the US or elsewhere. So being part of the US community is a choice and to be part of its culture and benefits we have to pay certain taxes or fees that are progressive based on our income levels. If we don't like the deal, then we can vote against it or leave. Taxation and progressive taxation are not immoral and are not theft.

 

No, my solution is to bring back jobs and business and rebuild the Middle Class. Not punish the wealthy.

Wealthy people invest and are smart with their money but they also can and do spend a lot of money. The top-earning households outspend the bottom-earning households in things like housing, education, reading, apparel, food and drink, luxuries, healthcare, entertainment, transportation, etc.....

 

If they were not such greedy bastards they would share the wealth instead of robbing their workers.

 

And how much do you get?

 

By being smart.

 

Trickle down economics created the best economy in history. It created the highest standard of living for the largest percentage of its population in history. It created almost every technological advancement we enjoy today. Your point that it has failed is wrong.

I’m no fan of crony capitalism either. I’m less a fan of progressive taxes because they are sugar coated socialism and I hate socialism.

Anyone who takes from others what they have not earned is wrong in my book. Doesn’t matter how much wealth you have or don’t have.

Sure, voice concerns, but don’t pretend taxation for public good is equivalent to redistribution of wealth. Two different things.

Oh, and thanks for the initiation. That’s the first time I’ve been called a snowflake!

 

You kind of get to know posters on this forum if you hang around it long enough. As a conservative myself, I agree with you on most things. Hopefully, you've seen enough of my stuff to know that I am conservative, not some flaming progressive liberal, as I discuss my POV with you.

But, as a conservative, I am also a budget hawk. I believe that if we spend it, we should pay for it rather than using deficit spending. I believe this is a conservative value.

I also believe we should respect those who work for a living, at whatever level, and we are justified in disrespecting the slothful and the parasites.

I also happen to believe that humility and generosity should be conservative values. I believe that the successful among us ought to have a sense of responsibility and good stewardship of our country.

I believe in taking care of our elderly and our fellow citizens who are vulnerable - like the disabled and children.

I happen to believe that we are the luckiest people to have ever walked the earth. And, through no credit of our own, just fate, we inherited this country where, through the hard work and incredible sacrifices of the ones who came before us, we can live, prosper, and have a chance to fulfill our dreams. For those who did all of this for us, I stand for the anthem, and I salute the flag. When I do, I think of all of those who came before us and who gave us all of this.

For the record, my wife and I are in the 10th percentile of income earners, thanks to a lot of discipline and sacrifice and work.

That having been said, let's talk about how much we're "penalizing" the rich if we were to raise taxes on them, if for no other reason than to balance the federal budget. Let's say a household earns $1 million ...

Under current law, their federal tax bill, excluding all deductions, would be $335,689, leaving them with $664,311.

Now let's say, hypothetically, that the tax rate for incomes between $1 million and $5 million was raised to 50%, and that a household brought in $2 million. Again, assuming zero deductions, that household would pay $500k on that second million. This would leave them with $1,164,311 after federal taxes ($664,311 + $500,000).

Now let's say that the rate for income above $5 million was 70%, and the household brought in $10 million. Their federal tax would be about $5.8 million, leaving them with $4.2 million.

In each case, yes - you could say they were "penalized".

But how much of a penalty is that?

The $1 million household is left with $664,000. Was it worth it to earn that $1 million? I would say so, wouldn't you? How well can you and your family live on $664,000?

The $2 million household is left with $1.16 million. Was it worth it earn that second million? I would say so, wouldn't you? How well can you and your family live on $1.16 million?

And the $10 million household is left with $4.2 million. Was it worth it to earn the $8 million over the $2 million? I would say so, wouldn't you? How well can you and your family live on on $4.2 million?

On the football field, when you penalize a team 10 or 15 yards, it hurts that team. It makes success harder to achieve for them. It puts them at a distinct disadvantage to the other team.

Is a household that brings in $664,000 or $1.16 million or $4.2 million really hurt? At those income levels, is success really harder for them? Are they at a distinct disadvantage?

I don't think they are. I think they have achieved success. They've won this game of life, at least on an economic level.

I will tell you that, being in the 10th percentile, we don't bring in anywhere near these amounts, but my wife and I are comfortable and secure. I hold zero class envy. Sure ... More money would be nice, but I certainly don't covet it or even think about it. For me, my POV has nothing whatsoever to do with envy or hostility towards those who have been very financially successful. More power to 'em!

So, it is for these reasons that I have tried to articulate, that I hold no resentment over the amount of federal taxes I pay, which is quite a bit. I also don't have a problem with asking for higher rates for even higher income earners, for I think this is in keeping with the concepts of gratitude, humility, responsibility, and good stewardship of this great country. These are qualities of conservatism that I can be proud of. My own definition of "conservatism" rejects calls for selfishness and arrogance with regard to those fellow Americans who, although they may work very hard, may have a lower income level.

We're Americans. All of us. But we are not all equal in our ability to carry this country. I feel fortunate that my wife and I are in a position to help sustain our country that I love.

And if that means lifting the burden off of other fellow Americans who do not make as much money as we do, then I'm not going to grouse and complain about it. Instead, I am going to be thankful that I can do it.

One thing you said that I agree with: Everyone should have some skin in the game. Here is what I would suggest for balancing the annual federal budget ...

- Raise tax rates on the top 1%-5%.
- Institute a national sales tax on non-essential items (like nutritious food, medicine, electricity, and home heating fuel).

Everyone would then have some skin in the game, and I will tell you this ... There is nothing, and I mean nothing, that would more strongly induce Congress to control spending than raising taxes on the rich. After all ... Who do they listen to? R's and D's are no different in this regard.

When the budget balances, repeal those taxes. Word the tax law so that these taxes are re-implemented if a future budget doesn't balance. That will keep spending under control and give us a balanced budget.

Regards, Seth

 

Immorality or morally of a given thing is not determined by how many people voluntarily agree to it. (I know that’s an archaic belief).

As in my preceding post, it’s disingenuous to equate taxation for public good with taxation for the purpose of wealth or income parity. Equating the two is a clever argument and effective when approaching this subject from an emotional standpoint.

I understand your gated community analogy but you couldn’t pay me enough to live in a gated community. Federal, State, and county government is more than enough for me!

Taxation for (most) public good is a necessary evil at this point that I can live with. Taxation in any form that attempts to redistribute wealth isn’t cool.

 

This year I am in the highest 5%.

Im 37.


I won't always be here.


But 10% yes.

You are right to be concerned about the budget.

But those below you may not know what that means.

 

As I recall he was pushing programs to assist with down payments and programs to help people accumulate down payments so the buyer had equity in the home that can buffer price fluctuations. He wasn't pushing house flipping and taking equity out of the primary residence to do so.

 

But according to Pocahontas and the extremist violent mob they still aren't paying their fair share. LOL

 

How has an employer ever robbed you and why did you let them do it?

 

That proves conclusively thst there is a problem with wealth distribution in America as if of course anyone was dumb enough to doubt there is a growing problem.

 

Or don't tax income and keep the government out if all our private lives and business and tax consumption.

 

They earn more than 99% of the population.....they screw you and you don’t even know it . Extremists to me are the neo nazis...but they’re some good people to you.
Say bye bye to ss and Medicaire

 

The employers gets a huge tax cut and puts it in his pocket and offers nothing to his employees...maybe 1% raise wow

 

How is that fair to states that do not have state income taxes? They use other taxes which those citizens do not get to deduct of their federal which means they are subsidizing the states with high property taxes.

 

How does taxing consumption keep government out of our lives? A tax is still a tax and it is still managed by the government. Or were you planning to privatize tax collection?

 

Good for them. America is great.

I feel sorry for people like you. You are consumed by hate and jealousy

How do they screw me? I live my life and enjoy my life whether some other guy is rich or not. I don't obsess and snivel over someone else's success. They don't "screw" me in the slightest.

You are a very sorry individual indeed. Grow up and live your own life and don't worry about what others have.