How do you get the rich to pay more in tax? Change the tax code

Discussion in 'Political Opinions & Beliefs' started by Balto, Jan 20, 2020.

  1. FAW

    FAW Well-Known Member Past Donor

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    So then you are not one of those people claiming that the "rich" do not pay nearly enough taxes? From your response, I can only deduce that we must be in agreement. The notion that the "rich" need to pay significantly more is utterly preposterous. If anything, it is time that the remaining 90% that only pays 30% of revenues, start paying their fair share.
     
    Last edited: Jan 20, 2020
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  2. ButterBalls

    ButterBalls Well-Known Member

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  3. ButterBalls

    ButterBalls Well-Known Member

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    Find a better tax man, you are clearly not be served well :(
     
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  4. jay runner

    jay runner Well-Known Member

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    Unless your heart is touched by something truly benevolent like St. Jude Children's Research Hospital, you would be crazy to want to give good money away for a no good purpose.
     
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  5. ButterBalls

    ButterBalls Well-Known Member

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    Not sure what you mean?
     
  6. jay runner

    jay runner Well-Known Member

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    Nobody's heart is in it when they pay taxes to give money away for people doing nothing, and they ain't got even a damn bit of gratitude for those who sacrifice so they can sit on their ass.
     
    Last edited: Jan 20, 2020
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  7. ButterBalls

    ButterBalls Well-Known Member

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    I guess? But tax's and gubmint allocation to organizations like St. Jude Children's Research Hospital is just one way they receive donations. You have the rich that give, Religious donations, everyday folks, union workers and so on.. But the bulk of their funding comes from non governmental sources..

    If you are relying on the generosity of Government to keep a institution like St Jude operating then look for failure.. In essence, the Gubmint/WE are forced to donate simply because donations are tax deductions.. The rich donate and then receive a deduction from their percentage of taxable incomes..
     
    Last edited: Jan 20, 2020
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  8. OldGuy?wise

    OldGuy?wise Active Member Past Donor

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    I always hope to pay less income tax, but some of my income seems to fall into the top bracket. It really bothers me when I hear about government waste.

    BUT

    The United States is the wealthiest country on earth, BUT we have about the worst healthcare of industrialized nations, poor educational level, and a declining life expectancy. Also, we are definitely not the happiest country.
    In the 1950's the top income tax rate was 90%. We built highways and bridges. We put a man on the moon in the 60's. Life was pretty good. Now, our highways and bridges are falling apart.
    (I sure of the truth of the following, but I am too old to remember the exact numbers.) About 1970 the CEOs of the major corporations made 50x as much as the basic employees. Now they make 250x as much as the basic employees. Maybe the top 1% should be able to pay a bit more tax.
    Each year 640,000 people declare bankruptcy because of medical expenses. One in 4 of all couples will declare medical bankruptcy during retirement.
    If the United States is going to continue to be the richest, strongest nation, we will need to stay ahead of the competition. We can only stay ahead if we are the best educated, healthiest, happiest, and most productive country.

    I think that we need to focus on what is best for the future of our society as well as what is the "right" thing to do.
     
    Last edited: Jan 20, 2020
  9. drluggit

    drluggit Well-Known Member

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    Nah, what Sanders wants to do is scare the rich, make them uneasy, and coerce them to pay more taxes to save their wealth. Classic shakedown...
     
  10. squidward

    squidward Well-Known Member

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    Elaborate
     
  11. Vernan89188

    Vernan89188 Well-Known Member

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    On what?

    Paying income taxes even though I sustain a loss? Umm, working on credit will do it.
     
    Last edited: Jan 20, 2020
  12. roorooroo

    roorooroo Well-Known Member Past Donor

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    It would help the discussion if you would detail the changes you have in mind. How do you propose getting the rich to pay more tax when you say that "raising taxes on the rich won't work"?

    What changes in the tax code would force them to pay more tax without making them pay more tax?
     
  13. fmw

    fmw Well-Known Member

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    And the poor are stealing from the rest of us. Make up your mind.
     
  14. CCitizen

    CCitizen Well-Known Member

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    Poor people are not stealing from anyone. Taxes are not theft.
     
  15. fmw

    fmw Well-Known Member

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    The point is the poor don't pay taxes. I don't call taxes theft. I call them legal confiscation. People in power take my money to spend on what they want. I don't know how else to describe it.
     
  16. CCitizen

    CCitizen Well-Known Member

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    Every State must tax citizens in order to function.
     
  17. 61falcon

    61falcon Well-Known Member

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    According to information released by Oxfam at Davos today the top 2,153 billionaires in our world have more combined wealth than the combined assets of the 4.6 BILLION poorest in the world.And this 2,153 added 25% to their combined assets during calendar year 2019.
     
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  18. fmw

    fmw Well-Known Member

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    But no state appears to care how the people want the money spent.
     
  19. MolonLabe2009

    MolonLabe2009 Well-Known Member

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    The top 1% of income earners pay 40% of Federal income taxes.
    The top 10% of income earners pay 70% of Federal income taxes.
    The top 50% of income earners pay 96% of Federal income taxes.
    The bottom 50% of income earners only pay about 4% of Federal income taxes.

    The rich are already paying nearly ALL of the Federal income taxes.

    Why do you want to steal more of their money?
     
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  20. fmw

    fmw Well-Known Member

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    Because the left wants to waste even more money. You didn't know that?
     
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  21. CCitizen

    CCitizen Well-Known Member

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    In USA, everyone is the subject of the Will of the Majority.
     
  22. CCitizen

    CCitizen Well-Known Member

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    They still enjoy great luxury. And many people are still dying due to lack of medical care.
     
  23. MolonLabe2009

    MolonLabe2009 Well-Known Member

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    So?

    It's their money.

    Stop stealing their money.
     
  24. CCitizen

    CCitizen Well-Known Member

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    Taxes are not theft.
     
  25. roorooroo

    roorooroo Well-Known Member Past Donor

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    That isn't exactly true. You know that, I am sure.
     
    Last edited: Jan 20, 2020

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