In my view it is wrong to raise taxes on the Wealthy.

The topic is wrong.
(Apologies, OP)
We should be dicussing wasteful government spending. We should be focused on why taxes need to be raised.

Not "how much" they need to be raised.

An analogy.
The government is a mugger. He is holding a knife.
Instead of discussing ways to stop the thief . . . . .

All we're doing is debating how deep the knife is going to stab us.


Stop the mugger.
Stop the thief.
Stop wasteful spending.
Stop growing large government.

And the tax issue will solve itself.



My 2 cents

A lot of "old money" can be traced back to some pretty horrible people and many of our current "self made" millionaires are on the express train to Dante's fourth circle. Take for example Mr. Bill Gates who has amassed obscene wealth in the relatively short period of 30 years. How can anyone argue that he does not overcharge for his product or violate antitrust laws with his monopoly?
What about the cashier who stands on her feet ten hours a day, is her contribution less important to the regional vice president? She makes 20k per year while the VP makes 250K, the gap is simply too large and people are getting tired of it.
Would George Bush have become president by the sweat of his brow or did his families wealth and ivy league education play a role in his success? The rich send their children to ivy league institutions and the poor, if they're lucky, send theirs to community college. Different circles, different connections, different opportunities.
The solution is simple, EVERYONE pays 10% on their EARNINGS, Corporations must be taxed 20% on PROFIT.
Maybe then we will see lees yachts with "George Town C.I." painted on their ass.

i'm poor. I survive off of food stamps and a part time job. I worked ten hours this week. This is the first job i've been able to find in 6 months and, unfortunately, it's temporary.

Still, i don't see any good reason to penalize a person for their wealth. An equal percentage is fair, and it's nothing short of completely self-absorbed to say otherwise. Why should i be able to force you to pay more because when you've earned more? Or even if you're given the money, what business is it of mine?

America wasn't founded on the ethics of parasites. We don't strive to rise above in the hopes that we'll then pay more than our fair share. We strive to rise above in celebration of our own individual accomplishments. To be selfish or giving as we please.

reply to post by neo96


Where do you get that? I guarantee he is paying taxes. Even if it isn't much, the small income makes it count.
Why ever say something like that? Trolling?

My view on taxes on the wealthy:

1. Anyone who is human should want to help humans. But a lot of people do not.

2. People who have inherited money should be thankful, and should want to spread that money to people who need it. But a lot of people do not.

3. How much wealth does one person need? Share it.

Unfortunately, a lot of the wealthy are like Gollum from Lord of the Rings, gloating over their precious.

Well, good luck to you.

By the same token, many wealthy people do help out the poor in many ways. And a lot of them are unrecognised.

To those people, all the best now and in the future.

reply to post by spacekc929


Give me a break look at the numbers "People before profits" bullcrap here :

www.usdebtclock.org...

Over 15 trillion in debt not counting the true cost of Social Security,Medicare and Medicaid over $115 trillion of promises made that can never be paid for.

So tell me why people who aren't on those programs pay for something for nothing?

What is the rest of that nonseNse? A personal attack because someone elses money is more important than those who earn it? oh just some people who earn it,

over $116 trillion of "people over profits" people don't have a damn clue.



There is nothing stopping anyone from paying more in taxes but wait they won't and they don't they just legislate it and shirk their own responsibilty.

There is a name for that FASCIST all that goodness and joy under the guise of "humanity".

Pathetic.

Originally posted by sarra1833
LOL

poor people working: 400 dollar check every two weeks. Let's tax em so they bring home 200 every two weeks.

Rich people 'working' - 5000 dollar check every two weeks. Let's tax em 10 dollars, the poor babies suffering so hard. hope you can survive on 4990 every two weeks. Poor things, how you suffer so.

@#%$#^$%&#%!$!@$!#$! whatever.

Someone, presumably single, making $400 every two weeks will have $9600 taxable income. Their tax bracket is 10%, so they'll pay in $960 on April 15th. I'm not even going touch the fact that by making only $9600 for the year, they'll likely get all of those taxes back.

Someone making $5000 every two weeks will have $120k taxable income. At a 28% marginal tax rate, they will pay ±$28,000 in taxes. Not $10 dollars as you explained.

My uncle makes over that second amount, probably closer to $150k a year (or he did before he retired). He's able to make that much because he has worked at the same business for over 50 years, working 60, 70, 80 hour weeks. But he has to pay out the nose because it's "not fair whine whine".

I don't wish anyone to be out of a job. Sorry you're in that position, because it sucks. I've been there myself. I had to learn a new skill just to get employed again. Maybe you could do that? I dunno @#%$#^$%&#%!$!@$!#$! whatever.

/TOA

I agree that some of the wealthy people that worked their way to the top should not have to be taxed extra. Its the people that outsource 90% of the jobs to foreign countries that should have to bear the burden of a higher tax.
If you aren't helping your countrymen to live and survive with a basic right to even eat and have shelter. Then you're just a scumbag with a ton of money and no heart.

reply to post by The Old American


In school right now, working on my first degree, bachelors in web/graphic design. Hopefully when I graduate around end of 12, sometime in '13, jobs will be opened up left and right and I can make the good money. Til then, I'm min wage and praying I find work. Else paying back that 68,000 dollar tuition won't be done. I'll be grabbing more degrees to keep those payments on the back burner. I've planned to do Medical Transcription, Psychology, Massage Therapy, and if worse comes to worse, CNA. At least one of those has to get me high bucks and a fast hire upon graduation so I can start paying off loans I will keep getting degrees til something gives: I find a great paying job or I die.

The 'tax em 10 dollars' was more of a haha tongue in cheek kind of reply because people are saying they shouldn't be taxed much at all but the poor should be taxed lots. I was more being silly with that number.



Oh, for my taxes since I bring home (when I do work, lord knows I WILL be working by the end of the month. Determined) about 300-350 every two weeks, I usually get about 300 back or so. Least it pays the rent for my apartment. (our two bdrm apt is 300/mth. I live in the poorest county in Illinois).

reply to post by mikejohnson2006


I see nothing wrong with it at all.

If you piggybacked your way to the top, you should pay into the system so that others may have the same opportunity that you did.

Also, does voting for Ron Paul mean that the rich will not be taxed as much?

reply to post by neo96


Maybe if you opened your eyes for once, you'd realize that corporate welfare in the form of bailouts (for bad businesses run by overpaid CEOs, mind you) and our insistence on fighting two failed wars have contributed far more to our national debt than welfare alone. You can also include black projects, which aren't even accounted for as another siphon of tax dollars.

I don't understand how someone can have the same mindset that you have and see straight every day.

Wake up.

Lets ask the question another way. Do you think it's wrong to reduce taxes on a particular income tier while raising them on another? Over decades the 'monied class' has used the influence they've created through their wealth to push various legislation that has steadily lowered their tax rates and provided numerous 'loopholes' not enjoyed by the lower income tiers. Do you feel it would be wrong to dial these changes back to a time when the USA was doing better?

And the 'creating jobs' argument is ingenuous. Maybe overseas but certianly not here. That phrase should get tossed in the same bin as 'trickle down' and 'thousand points of light'. PR crock. Companies pay more to lobbiests than they do taxes in many cases and are able to deduct the the cost as an expense. So we're essentially paying for their lobbying efforts to further screw us. It's like holding someone;s coat while they molest your kid. This country is screwed.

The 'tax the wealthy'' issue is a simple mechanism by the political and economic elite to get the poor fighting the middle class (who think they are wealthy because they are swimming in trinkets purchased by debt).

Its pretty simple really. Everyone who earns should contribute the same % of yearly earnings in tax. To fund the operation of the state. Thats fair. Successful people should neither be punished for their success not should they be allowed pay less because of it.

Corporation tax should also be harmonised to the same %

The tax % should be enough to cover government expenditure and government should be forbidden by statute from borrowing. That way there is no bull#. Everybody pays the same % and the politicians can only do things that are coverable by a % tax the population will accept.

If people had to pay directly each year end for all the crap the governments do they would not be allowed to do most of it.

It's not so much about raising them drastically, more about making sure they don't get tax breaks the rest don't get

Originally posted by neo96
reply to post by spacekc929

 

Give me a break look at the numbers "People before profits" bullcrap here :

www.usdebtclock.org...

Over 15 trillion in debt not counting the true cost of Social Security,Medicare and Medicaid over $115 trillion of promises made that can never be paid for.

So tell me why people who aren't on those programs pay for something for nothing?

What is the rest of that nonseNse? A personal attack because someone elses money is more important than those who earn it? oh just some people who earn it,

over $116 trillion of "people over profits" people don't have a damn clue.

There is nothing stopping anyone from paying more in taxes but wait they won't and they don't they just legislate it and shirk their own responsibilty.

There is a name for that FASCIST all that goodness and joy under the guise of "humanity".

Pathetic.

edit on 9-12-2011 by neo96 because: (no reason given)

BofA alone is forcing US taxpayers to be liable for $75 TRILLION (!!!!!!!!!) of their risky derivatives investments...that's just one bank. Add Goldman and the rest, and it's completely obvious why the government can't afford social security past 2045, or medicare, and all the rest. It's because those companies make sure all their major losses are now nationalized, while they get to keep any profit and hand it out as massive boni that are only taxed at 15%, less than what someone pays who makes $32,000 per year.

Sounds totally fair, right?

The issue most of us have is not whether to raise taxes on the wealthy.

The issue is whether they should keep getting the "temporary" tax breaks imposed by bush

Originally posted by neo96
If your making 9- 10k your not paying any taxes why the hell should someone else have to pay and other people don't?

Because the person is a human being and has to eat, it's simple.

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reply to post by mikejohnson2006


In my view, people like you won't matter anymore anytime soon, and more than likely, will be removed once the world decides to no longer take the B.S. being shoveled down their throats daily. And thank you for contributing to that madness.

You picked the wrong side to support...Sorry about your luck.

[color=dodgerblue]I have read the thread and have seen some really good points.

To the person that said poverty is a choice:

I dare you to go down to the projects/low income/poor area of town and say that. To their faces.

Poverty isn't always a choice. What if you were born into it? What if you were doing okay and got disabled? What a life threatening illness made you unable to work? Who in their right mind would choose that?

We are broke. All the time. I am a college student, I have two little boys and I am currently seeking employment with no luck as of yet. This week I spent hours clipping coupons and took advantage of a triple coupon sale at a local store in order to buy food to feed my kids.

I probably chose that. I probably want to live this way. Maybe I like to struggle. Poverty is a choice? Right?

Last week I had to turn in all of our change to have enough gas money to get to class so I could take the final. It was great. Really.

I spent all of the extra money I had to get groceries and now I won't have enough money to buy a phone card. What if a perspective employer tries to call me? But my kids had to have food. So I have to take that chance.

I must like this way of life. I probably chose it.

I can't believe that you really believe poverty is choice. I feel sorry for you.

One day I will be a nurse, and I won't have to struggle anymore.