The rich will pay the lowest taxes since the Hoover Administration over 80 years ago

[C.Puffs]

With those points clear I still maintain a taxation system where the super rich contribute less as a percentage than the middle classes is retarded, whether it be in the United Kingdom, the United States, or the United Arab Emirates.


Exactly

I agree with that. I think everybody should have skin in the game and that at the least the "super rich" should pay the same percentage as everyone else (they don't now because of all the options available to a smart accountant to reduce required tax payment - which skews things).

[Mordoror]

I agree with that. I think everybody should have skin in the game and that at the least the "super rich" should pay the same percentage as everyone else (they don't now because of all the options available to a smart accountant to reduce required tax payment - which skews things).

Well at least we come agreeing on this

[C.Puffs]

Couldn't find any articles stating what you are claiming:

I did find this though:

http://www.theatlantic.com/business/...-taxes/246721/

http://www.foxnews.com/politics/2010...al-income-tax/

i mean even fox news mentions it:



those a-holes.. how dare they lose their jobs, suffer salary cuts, have children pre 2007, to the point that they aren't liable for FEDERAL INCOME TAX (still pay payroll tax, ssi, medicare,medicaid).

Stupid govt. How dare they make college, owning a home, making it energy efficient look more appealing. You made people rack up enough deductions to avoid their federal income tax liability.



Can you believe this? i mean anyone with a brain can see that its a piece of cake to raise 2 kids on a combined income of 50k + 31 dollars of socialist tax money taken from the rich.

I cant make this stuff up.

This is exactly what I'm talking about. Most deductions should go IMO. Why should the guy who buys a house get a tax break but someone else, who doesn't buy a house but makes exactly the same amount of money, doesn't get a tax break? As for deductions for children, if you can't afford them you shouldn't have them. Duh. Yeah, let's take the people who are the last people who should be having kids and encourage them to have more by effectively paying them to. Absolutely brilliant plan there.

[justin84]

Well at least we come agreeing on this

What if there was a flat tax rate of 50 percent.

Do you think its fair for the person making 50k, 30k to give up 50 percent as opposed to a person making 10 million a year?

I don't see it as the same, even though numerically they are identical.

I'm still having trouble seeing how a flat rate of some percentage is fair across all incomes. It may be the same on paper, but the effects of the tax is vastly different depending on income levels.

Someone explain this to me.

[justin84]

This is exactly what I'm talking about. Most deductions should go IMO. Why should the guy who buys a house get a tax break but someone else, who doesn't buy a house but makes exactly the same amount of money, doesn't get a tax break? As for deductions for children, if you can't afford them you shouldn't have them. Duh. Yeah, let's take the people who are the last people who should be having kids and encourage them to have more by effectively paying them to. Absolutely brilliant plan there.

So what do you say to a family of four who had a combined income of 100k with 2 kids pre-2007 and now have a combined income of 50k with a tax liability of lets say 6k. "you shouldve known that these credit default swaps were crap and were going to lead to an economic downfall. how dumb are you to have kids when both you and your wife had well paying jobs"

[C.Puffs]

So what do you say to a family of four who had a combined income of 100k with 2 kids pre-2007 and now have a combined income of 50k with a tax liability of lets say 6k. "you shouldve known that these credit default swaps were crap and were going to lead to an economic downfall. how dumb are you to have kids when both you and your wife had well paying jobs"

"Looks like you might want to unload that McMansion so you can feed your kids."

[Mordoror]

What if there was a flat tax rate of 50 percent.

Do you think its fair for the person making 50k, 30k to give up 50 percent as opposed to a person making 10 million a year?

I don't see it as the same, even though numerically they are identical.

I'm still having trouble seeing how a flat rate of some percentage is fair across all incomes. It may be the same on paper, but the effects of the tax is vastly different depending on income levels.

Someone explain this to me.

I am not talking about a flat tax
Don't know if CPuff is either but it's up to him to answer
The fact is that actually high class people are already paying the same or even less taxes proportionnaly than middle class people (i gave some numbers the page before)
The fact is that they have access to accountance/tax exceptions/reducing systems to reduce their taxes what the middle class doesn't
In that sense they do not pay their fair share of taxes

You'll never have a balance between upper-middle-lower class taxes
You could still argue than an upper class business man paying 30% of income taxes on 500 000 $ wages/year is less in need that a middle class salary man that pays 15% of income taxes on a 80 000$ of wages
That's not the point, the point is that the upper class is yet not paying those 30% (not 25 or even 20)

[C.Puffs]

You'll never have a balance between upper-middle-lower class taxes
You could still argue than an upper class business man paying 30% of income taxes on 500 000 $ wages/year is less in need that a middle class salary man that pays 15% of income taxes on a 80 000$ of wages
That's not the point, the point is that the upper class is yet not paying those 30% (not 25 or even 20)

Let's at least start by getting the ones with more money paying at least the same as say your average middle-class taxpayer. Yes, I know that wages are federally taxed at the progressive rate but when you can deduct your way down to a much lower percentage because of all the stuff you own and the talented accountant you can afford, or better yet, not even have your money count as income. . .it does skew things. Also make it so everybody has skin in the game. Don't give me a deduction just because I "needed" to buy a house I couldn't afford while my neighbor was smart and didn't. I'm just beyond fed up with the notion that the solution to every misfortune is to reach into somebody else's pocket.