Why should the rich share their wealthy with the ones that do not make enough money and have a ton of kids? If you like money work 1, 2, 3 jobs whatever it takes and save your money and invest or open your own business. We should not expect anything from anybody that's how I was raised and how I raised my daughter.
Wow, this discussion is deplorable. Why do people begrudge those who earn more than they do? Make it a flat tax of 20% for everyone. No deductions, etc. Would that make everyone happy? Don't we all have equal opportunity, but not a guarantee of equal outcomes? Next thing you know there will be a proposal for everyone to take all their income and put it into a pool to share equally between everyone in the country. Pathetic.
I guess you would consider me one of the 1%ers. Most Amerian's would like me to pay more than they do just because I have more. Sounds like most of the country likes to take from others because they don't want to give anymore. That's called greed..
Really? WE'RE GREEDY? You consider yourself the 1% percent. Therefore, you are more than capable of helping out your fellow Americans. But you'd rather use it on what? Probably shopping and making yourself pretty. It disgusts me to see people like you diss the lower class because we ask for a little HELP from you smug little ********. If ANYONE is being selfish, it's the 1%. Whining because they might need to pay higher taxes. SERIOUSLY? When you can pay for private jets, and million dollar houses and the twenty-cars you don't need? And WE, the poor, unemployed, old, disabled people are being greedy because we barely have enough to feed our families and aren't trying to have our taxes raised, our medicare cut and our lifelines destroyed?
If you truly are a 1%er, (which I highly doubt you are), then you should study the tax code and what rate you pay in income taxes, (or pay someone to explain it to you), before you even speak on the topic. Your argument is undoubtedly ignorant and entirely unpatriotic. To begin, when you compare the average income tax rate that middle-class citizens pay to the so called 1%er's, the disproportionate amounts are blatant. Infact, one of the most popular arguments is that the 1% is paying up to 90% of the taxes. But wait, if they own 98% of the wealth, wouldn't they pay 98% of the taxes?? Therefore, the hard-working people that collectively hold 2% of our nation's wealth are paying around 10% of all taxes...should that be considered fair?!?!? So it is not us who are greedy, it is people like yourself who are squandering the majority of the wealth for themselves that are obviously the GREEDY ones. Moreover, while people like myself are working hard just to pay rent and get through school, we pay an average conservative amount of 30% in income taxes. That's about 1/3 of our check that goes to fund schools, national security, infrastructure projects, social programs, and everything else that helps contribute to a better America. People like yourself contribute an average of 16% and "don't want to give anymore" to help better America. This is not only unpatriotic, but overtly destructive to our Great nation. The wealthiest members of society may argue that the "trickle-down theory" works, however, if there is no trickle-down, there is no theory. So instead of building that 3rd vacation home, or buying another jet, "Ask what you could do for your Country." -(Kennedy 1961).
Sigh. A family of 5 who makes 250k does not own a plane, a million dollar house, 22 cars, or a vacation home, say nothing to a third vacation home. Just keeping it real for you.
Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)] 10% on taxable income from $0 to $17,400, plus 15% on taxable income over $17,400 to $70,700, plus 25% on taxable income over $70,700 to $142,700, plus 28% on taxable income over $142,700 to $217,450, plus 33% on taxable income over $217,450 to $388,350, plus 35% on taxable income over $388,350.
Ok Brittanysm777, here are the 2012 brackets. So as you see, 250k already pays 33% plus around $4000 in AMT tax. This doesn't count their state, medicare, and SS taxes. Try to keep it real.
I have an idea: we just need their money so why not force them to invest a certain percentage of their wealth, while giving them the freedom to choose their investment. http://www.alaouiali.com/2012/08/29/the-rich-arent-playing-the-game/
I guess people do need to do a little bit of reading about the history of the tax codes and the kinds of economics that have been implemented in the US (and other places) throughout history. Unfortunately they just listen to simple slogans meant to easily sway their uniformed minds. They could wikki the Laffer Curve (which Art Laffer even attributes to JM Keynes if you could believe -- but it is age-old economic theory). Higher taxes does not necessarily = higher gov't revenue and at a certain point (on the curve) causes huge decreases in revenue -- hurting EVERYONE. It might sound good to say "tax the rich" but people need to really understand what it's all about and not just fall for silly slogans. When they talk about how much rich people pay, they have to understand there is income, dividend, capital gains taxes (corporate taxes), charitable deductions and other such deductions (gov't incentives). And even if you understood what percentage of income "rich people" pay in taxes, you would still be completely shocked at the actual $$ amount they pay. If a person pays $3.2 million in taxes in a year is that really not enough -- let's get out the pitch forks and torches and storm the castle.
by TheFoundersLive August 28, 2012 6:24 AM EDT Minimum wage laws leads to unemployment. Minimum wage laws do not help workers.
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Mortar, not only are you unwilling to pay income taxes to support the operations of government that society (through our elected representatives) has deemed necessary, you are ALSO in favor of allowing employers to exploit their workers. What a heartless position to take.
Technically The FoundersLive is correct that minimum wage laws lead to some unemployment. That said, that's because we have created a self-fulfilling prophecy. Unrestrained capitalism means anyone can make anything anywhere, with no regard for the environment, the society, or the United States as a country. This is why unrestrained capitalism is as bad as unrestrained communism, or unrestrained socialism. Some restriants are necessary to make a modern livable society and the minimum wgae is (literally) a small price to pay for maintaining working citizens at a minimum level of support.
Maybe Romney's more worried about tithing he didn't pay to the Mormon Church than he is about how much he paid in taxes. Mormons are supposed to pay 10% in tithing and if I recall correctly Romney only paid 7% in 2010. Hmmmmm....
1) Eliminate all tax loop-holes, force companies that do business in the US to have the majority of their holdings locally and hire US works. Otherwise they should face steep import tarrifs without exception.
2) Ta hell with Globalization, businesses must create local jobs to create wages to buy locally produced products.
3) Have all earnings / income become a matter of public record.
4) Ban corporate contributions to political elections.
5) Citizenship should not be a right but should be something that's earned by service to ones country. All others not declared citizens are allowed to stay but pay much higher taxes until they're able to earn it.
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You consider yourself the 1% percent. Therefore, you are more than capable of helping out your fellow Americans. But you'd rather use it on what? Probably shopping and making yourself pretty. It disgusts me to see people like you diss the lower class because we ask for a little HELP from you smug little ********. If ANYONE is being selfish, it's the 1%. Whining because they might need to pay higher taxes. SERIOUSLY?
When you can pay for private jets, and million dollar houses
and the twenty-cars you don't need? And WE, the poor, unemployed, old, disabled people are being greedy because we barely have enough to feed our families and aren't trying to have our taxes raised, our medicare cut and our lifelines destroyed?
Get real Melody.
10% on taxable income from $0 to $17,400, plus
15% on taxable income over $17,400 to $70,700, plus
25% on taxable income over $70,700 to $142,700, plus
28% on taxable income over $142,700 to $217,450, plus
33% on taxable income over $217,450 to $388,350, plus
35% on taxable income over $388,350.
Ok Brittanysm777, here are the 2012 brackets. So as you see, 250k already pays 33% plus around $4000 in AMT tax. This doesn't count their state, medicare, and SS taxes. Try to keep it real.
http://www.alaouiali.com/2012/08/29/the-rich-arent-playing-the-game/
Minimum wage laws leads to unemployment. Minimum wage laws do not help workers.
------------------
Mortar, not only are you unwilling to pay income taxes to support the operations of government that society (through our elected representatives) has deemed necessary, you are ALSO in favor of allowing employers to exploit their workers. What a heartless position to take.
Sounds like with the disappearance of the middle-class, all people want are subsidies.
2) Ta hell with Globalization, businesses must create local jobs to create wages to buy locally produced products.
3) Have all earnings / income become a matter of public record.
4) Ban corporate contributions to political elections.
5) Citizenship should not be a right but should be something that's earned by service to ones country. All others not declared citizens are allowed to stay but pay much higher taxes until they're able to earn it.