Should The Rich Be Required To Pay Higher Taxes In the US?

The place for general political discussion.

Should The Rich Be Required To Pay Higher Taxes In the US?

Postby SmithSmith » Sun Aug 16, 2015 4:40 am

Reduce income inequality. The top tier can't balance the budget alone, but they should help pay their fair share as a matter of patriotism. We can't continue to have a democratic system if we become a Banana Republic. History shows that when the top tier paid a higher percentage of taxes, from 1945-1970, the middle class was better off and the US economy thrived.
SmithSmith
Council Member
 
Posts: 98
Joined: Sun May 24, 2015 4:58 am
Gender: None specified
Has thanked: 0 time
Been thanked: 1 time
Political Leaning: Middle of the Road

Re: Should The Rich Be Required To Pay Higher Taxes In the U

Postby eynon81 » Sun Aug 16, 2015 9:36 am

all income over 1,000,000 should be taxed at 90% until the debt is under-control. Like after WW2.
User avatar
eynon81
VIP
VIP
 
Posts: 19475
Joined: Mon Aug 20, 2012 10:38 am
Location: Golden, Colorado
Gender: Male
Has thanked: 3875 times
Been thanked: 1821 times
Political Leaning: Very Conservative

Re: Should The Rich Be Required To Pay Higher Taxes In the U

Postby Indy » Mon Aug 17, 2015 8:02 am

I don't know about 90% but the fact that we've let the 1% literally horde the nation's wealth while the bottom 99% foot the bill for the nation is just embarrassing.

Rich people will still be rich even when you increase their taxes. Yet the moment you suggest it, they suddenly become "job creators" who now won't create jobs or, even beter, "small business owners" that will be hurt.
User avatar
Indy
VIP
VIP
 
Posts: 8547
Joined: Mon Aug 20, 2012 1:46 pm
Location: Chicago, IL
Gender: Male
Has thanked: 46 times
Been thanked: 289 times
Political Leaning: Libertarian Socialist

Re: Should The Rich Be Required To Pay Higher Taxes In the U

Postby lnrw » Mon Aug 17, 2015 8:08 am

The rich have more to protect and protection is a large portion of what taxes support, so without a doubt, they should pay more. But 90% is tax slavery.

What i would really like to do, is grab the ankles of all of the major tax recipients and those guilty of wasting and misusing taxes, and shake them until the money falls out.
Image

Lifetime member of the NRA
User avatar
lnrw
Governor
 
Posts: 3199
Joined: Sun Aug 26, 2012 6:38 am
Gender: None specified
Has thanked: 359 times
Been thanked: 256 times
Political Leaning: Libertarian

Re: Should The Rich Be Required To Pay Higher Taxes In the U

Postby NAB » Mon Aug 17, 2015 8:20 am

eynon81 wrote:all income over 1,000,000 should be taxed at 90% until the debt is under-control. Like after WW2.


Offshore banks would love for that to happen, their business would really start booming. I think that number is way over the top and unamerican. Theirs should be a higher rate, but not at levels like that. Maybe 50-60 if I had to float a number.
Welcome to our speak board web page
User avatar
NAB
Governor
 
Posts: 7390
Joined: Mon Aug 20, 2012 9:27 am
Gender: None specified
Has thanked: 35 times
Been thanked: 1046 times

Re: Should The Rich Be Required To Pay Higher Taxes In the U

Postby eynon81 » Mon Aug 17, 2015 8:44 am

NAB wrote:
eynon81 wrote:all income over 1,000,000 should be taxed at 90% until the debt is under-control. Like after WW2.


Offshore banks would love for that to happen, their business would really start booming. I think that number is way over the top and unamerican. Theirs should be a higher rate, but not at levels like that. Maybe 50-60 if I had to float a number.



ok.

50% of every dollar over 1,000,000 in income gets taxed.
User avatar
eynon81
VIP
VIP
 
Posts: 19475
Joined: Mon Aug 20, 2012 10:38 am
Location: Golden, Colorado
Gender: Male
Has thanked: 3875 times
Been thanked: 1821 times
Political Leaning: Very Conservative

Re: Should The Rich Be Required To Pay Higher Taxes In the U

Postby NAB » Mon Aug 17, 2015 8:46 am

eynon81 wrote:
NAB wrote:
eynon81 wrote:all income over 1,000,000 should be taxed at 90% until the debt is under-control. Like after WW2.


Offshore banks would love for that to happen, their business would really start booming. I think that number is way over the top and unamerican. Theirs should be a higher rate, but not at levels like that. Maybe 50-60 if I had to float a number.



ok.

50% of every dollar over 1,000,000 in income gets taxed.


You'll have a lot of people claiming $999,999 in taxable income.
Welcome to our speak board web page
User avatar
NAB
Governor
 
Posts: 7390
Joined: Mon Aug 20, 2012 9:27 am
Gender: None specified
Has thanked: 35 times
Been thanked: 1046 times

Re: Should The Rich Be Required To Pay Higher Taxes In the U

Postby eynon81 » Mon Aug 17, 2015 8:47 am

NAB wrote:
eynon81 wrote:
NAB wrote:
eynon81 wrote:all income over 1,000,000 should be taxed at 90% until the debt is under-control. Like after WW2.


Offshore banks would love for that to happen, their business would really start booming. I think that number is way over the top and unamerican. Theirs should be a higher rate, but not at levels like that. Maybe 50-60 if I had to float a number.



ok.

50% of every dollar over 1,000,000 in income gets taxed.


You'll have a lot of people claiming $999,999 in taxable income.


I bet, not really sure how'd that change from now...
User avatar
eynon81
VIP
VIP
 
Posts: 19475
Joined: Mon Aug 20, 2012 10:38 am
Location: Golden, Colorado
Gender: Male
Has thanked: 3875 times
Been thanked: 1821 times
Political Leaning: Very Conservative

Re: Should The Rich Be Required To Pay Higher Taxes In the U

Postby lnrw » Mon Aug 17, 2015 8:50 am

eynon81 wrote:
NAB wrote:
eynon81 wrote:all income over 1,000,000 should be taxed at 90% until the debt is under-control. Like after WW2.


Offshore banks would love for that to happen, their business would really start booming. I think that number is way over the top and unamerican. Theirs should be a higher rate, but not at levels like that. Maybe 50-60 if I had to float a number.



ok.

50% of every dollar over 1,000,000 in income gets taxed.


But they could still almost hide their money in Sweden at that rate.

The government just pisses it away regardless. They won''t pay down the debt and they will spend the extra.
Image

Lifetime member of the NRA
User avatar
lnrw
Governor
 
Posts: 3199
Joined: Sun Aug 26, 2012 6:38 am
Gender: None specified
Has thanked: 359 times
Been thanked: 256 times
Political Leaning: Libertarian

Re: Should The Rich Be Required To Pay Higher Taxes In the U

Postby Spider » Mon Aug 17, 2015 8:53 am

Remove the SS cap.

Make capital gains tax steeply progressive. (Above $500,000 per year, say)

Give them extremely generous tax credits for the creation of each verifiable, non-seasonal, living wage, full time job on US soil. (In fact, I'm ok with them wiping out their entire tax liability with job creation rebates.)

Any foreign investment should be HEAVILY taxed.
Every dark cloud has a silver lining. But lightning kills hundreds of people each year who are trying to find it.

These users thanked the author Spider for the post:
eynon81
User avatar
Spider
VIP
VIP
 
Posts: 11250
Joined: Sat Aug 18, 2012 12:38 pm
Location: Out in the sticks.
Gender: Male
Has thanked: 832 times
Been thanked: 1003 times
Political Leaning: Anarcho Communist

Next

Return to General Discussion

Who is online

Users browsing this forum: exploited, John Galt and 2 guests