Taxation debates
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My boss owns a crane company. He came from nothing to owning a multimillion dollar company. U want to tax him 50-90%??? Why would he keep the company going???
And, how many times has a poor person handed u ur paycheck? I wish my rich boss paid NO taxes period. It would leave him more money to put back into his company and make sure all 175 of his employees had jobs. -
Also to clarify the 99% model here is a little data:
90% - income $154k
95% - income $200k
97% - income $290k
99% - income $815k
99.9% - income 2.07 millionSo the question is are you suggesting taxing more the top 10% 5% 1% or the .1%
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What's "fair"? I've been endowed certain unalienable rights by my Creator. Life, liberty and the PURSUIT of happiness. Nobody guaranteed me that nor you B. We are free to pursue it as we see fit within the confines of reasonable behavior. Some are certainly provided a leg up through inheritance and wisdom but that's part of the American dream as well. A better life for my children. I'm concerned with yours too, certainly. One reason I give back in a lot of ways but ultimately I work to provide for my family not for the benefit of some great society for it's been my experience that many in society neither appreciate my hard work or the value of their own.
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With that said I do believe it's acceptable for the haves to pay a larger portion of their income in taxes for several reasons. None of which have been mentioned here. You do have to be careful to not cross a line in which taxes are penal to those that drive the majority of the US labor market. Keep in mind rich people don't necessarily save more than the poor. Most I know of spend a ridculous amount. That money continues to circulate in our economy. So next time Ocho Cinco buys a tricked out $400k Freightliner don't laugh. Thank him. It's American made.
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YOU wrote:
Let's continue with the math...Also to clarify the 99% model here is a little data:
90% - income $154k
95% - income $200k
97% - income $290k
99% - income $815k
99.9% - income 2.07 millionSo the question is are you suggesting taxing more the top 10% 5% 1% or the .1%
Tax the guy making 815k 90% that leaves him 81k.
With that thought process nobody would take a chance in opening up a new business. Why put in years of work and risk to have 90% of your success go away. -
YOU wrote:
⌖🔥💃Johnny O💃🔥⌖ wrote:
Here's what I said:Also to clarify the 99% model here is a little data:
Snipsnip
I believe that (non fortune 500) domestic industrial companies who hire legal, non-foreigner employees should recieve a tax cut to support their company. Corporations should be taxed on the sliding scale like the middle class Americans with my possible tax break. I also think that the rich (people making over $1,000,000 per year) should be taxed starting at at least 35% with no possibility of going lower than that. The middle class should have a little more of a tax break, maybe 2-3% at least.
So that would be taxing the 5%
My tax level would cover about 2% of the US population, which would tax 700,000 ppl. -
I could roll with that Zebulon 👍
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35% is awfully low for the rich. That's actually current level and it's the lowest in American history. No wonder our economy is the lowest it's ever been in all of American history.
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~B~ wrote:
Credit crisis caused the majority of the mess we are currently in.35% is awfully low for the rich. That's actually current level and it's the lowest in American history. No wonder our economy is the lowest it's ever been in all of American history.
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There is also evidence that lower taxation on the rich correlates to a crappier economy.
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~B~ wrote:
There is also evidence that lower taxation on the rich correlates to a crappier economy.
America also has the highest corporate tax rate in the world. Just took that title from Japan.
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Mackmech(addKM) wrote:
That's fine. Raise it more I say.~B~ wrote:
There is also evidence that lower taxation on the rich correlates to a crappier economy.
America also has the highest corporate tax rate in the world. Just took that title from Japan.
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~B~ wrote:
That's why I said that that was the lowest possible that they could go. It would be better to push them towards the mid to upper 40s, but they cannot go lower than that.35% is awfully low for the rich. That's actually current level and it's the lowest in American history. No wonder our economy is the lowest it's ever been in all of American history.
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Let's point out that taxes on the Rick are actually the lowest they've been in history yet taxes on the low to middle class are the highest. Now how is this a fair tax system?
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Zebulon Pike wrote:
How old are you? You are suggesting I pay $21k in taxes! BLOW ME! That is ridiculous!Im assuming you're talking about the USA?
I believe that (non fortune 500) domestic industrial companies who hire legal, non-foreigner employees should recieve a tax cut to support their company. Corporations should be taxed on the sliding scale like the middle class Americans with my possible tax break. I also think that the rich (people making over $1,000,000 per year) should be taxed starting at at least 35% with no possibility of going lower than that. The middle class should have a little more of a tax break, maybe 2-3% at least.
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💀Keyser⌖Söze💀 wrote:
He said those that make over 1m a year. He said nothing about you.Zebulon Pike wrote:
How old are you? You are suggesting I pay $21k in taxes! BLOW ME! That is ridiculous!Im assuming you're talking about the USA?
I believe that (non fortune 500) domestic industrial companies who hire legal, non-foreigner employees should recieve a tax cut to support their company. Corporations should be taxed on the sliding scale like the middle class Americans with my possible tax break. I also think that the rich (people making over $1,000,000 per year) should be taxed starting at at least 35% with no possibility of going lower than that. The middle class should have a little more of a tax break, maybe 2-3% at least.
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Why raise taxes? Why not cut government spending? I bet we could trim 25% off the budget without even breaking a sweat. Start with foreign aid, loopholes and welfare abuse.
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~B~ wrote:
Im in the middle class. That puts me in his 33%. 33% of my income is a little over 21k💀Keyser⌖Söze💀 wrote:
He said those that make over 1m a year. He said nothing about you.Zebulon Pike wrote:
How old are you? You are suggesting I pay $21k in taxes! BLOW ME! That is ridiculous!Im assuming you're talking about the USA?
I believe that (non fortune 500) domestic industrial companies who hire legal, non-foreigner employees should recieve a tax cut to support their company. Corporations should be taxed on the sliding scale like the middle class Americans with my possible tax break. I also think that the rich (people making over $1,000,000 per year) should be taxed starting at at least 35% with no possibility of going lower than that. The middle class should have a little more of a tax break, maybe 2-3% at least.
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~B~ wrote:
Yeah, what are you talking about Keyser? I'm saying to raise the taxes on the super wealthy, and give tax cuts to the middle class workers. I'm assuming you're a middle class worker right? So then I'd be helping you.💀Keyser⌖Söze💀 wrote:
He said those that make over 1m a year. He said nothing about you.Zebulon Pike wrote:
How old are you? You are suggesting I pay $21k in taxes! BLOW ME! That is ridiculous!Im assuming you're talking about the USA?
Snip. I also think that the rich (people making over $1,000,000 per year) should be taxed starting at at least 35% with no possibility of going lower than that. The middle class should have a little more of a tax break, maybe 2-3% at least.
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Dino Marchetti wrote:
THANK YOU!!!! Foreign aid to France. Why? Many other countries tooWhy raise taxes? Why not cut government spending? I bet we could trim 25% off the budget without even breaking a sweat. Start with foreign aid, loopholes and welfare abuse.
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Zebulon Pike wrote:
~B~ wrote:
33% wouldn't be a tax break for me. I was taxed about 8k this year. 33% of my income would be 21k.💀Keyser⌖Söze💀 wrote:
Yeah, what are you talking about Keyser? I'm saying to raise the taxes on the super wealthy, and give tax cuts to the middle class workers. I'm assuming you're a middle class worker right? So then I'd be helping you.Zebulon Pike wrote:
.Im assuming you're talking about the USA?
Snip. I also think that the rich (people making over $1,000,000 per year) should be taxed starting at at least 35% with no possibility of going lower than that. The middle class should have a little more of a tax break, maybe 2-3% at least.
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Ok here's the bottom line.
Most of us agree the US economy and social services are messed up right now. So the first thought is let's tax the rich more so we can just toss money at the problem. However, not everyone is clear on what the problems are and how to fix them. So let's look try this. Find a way for the following:
1) provide a 3 healthy meals for each child in the US
2) have a 0% homeless rate for children in the us
3) any child who needs a winter jacket get's one.
If the government can start with that I'll be happy to pay more in taxes. -
There is so much bullshit being posted on this topic. Most of all of the stats are completely made up or being labeled incorrectly. This debate would be half assed logical if people knew what the hell they were talking about, but since very few of the people commenting do, it's a complete waste of time to take it any further.
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💀Keyser⌖Söze💀 wrote:
The people making $1,000,000 per year start at 35%. The middle class taxes wouldn't start at 35%, they would remain where they are now, but be shifted down 2-3%. So if you are a middle class worker paying a 30% income tax, then with what I'm saying, you could be paying 27%.Zebulon Pike wrote:
~B~ wrote:
33% wouldn't be a tax break for me. I was taxed about 8k this year. 33% of my income would be 21k.💀Keyser⌖Söze💀 wrote:
SNIPZebulon Pike wrote:
.Snip. I also think that the rich (people making over $1,000,000 per year) should be taxed starting at at least 35% with no possibility of going lower than that. The middle class should have a little more of a tax break, maybe 2-3% at least.
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vinnie the deal wrote:
Which ones?There is so much bullshit being posted on this topic. Most of all of the stats are completely made up or being labeled incorrectly. This debate would be half assed logical if people knew what the hell they were talking about, but since very few of the people commenting do, it's a complete waste of time to take it any further.
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Dino Marchetti wrote:
Ding Ding, we have a winner. You people need to get off raising taxes on the people. We need to lower the taxes on domestic company's which would incourage more company's to move to the US which would create more domestic jobs which would actually create more taxes even though the tax rate is lower. Cut the gov. Budget & STICK to the budget just like every one of us has to do.Why raise taxes? Why not cut government spending? I bet we could trim 25% off the budget without even breaking a sweat. Start with foreign aid, loopholes and welfare abuse.
Taxing a business is a loose loose situation. Taxes to a business is just overhead that gets built into the price so in the end either we the consumer pay their taxes or they move offshore to a country that appreciates their money more. -
Mackmech(addKM) wrote:
Sure, like they actually do thatMy boss owns a crane company. He came from nothing to owning a multimillion dollar company. U want to tax him 50-90%??? Why would he keep the company going???
And, how many times has a poor person handed u ur paycheck? I wish my rich boss paid NO taxes period. It would leave him more money to put back into his company and make sure all 175 of his employees had jobs. -
Jeff 🍆 Newton wrote:
Jeff, you disappoint me. 😢Mackmech(addKM) wrote:
Sure, like they actually do thatMy boss owns a crane company. He came from nothing to owning a multimillion dollar company. U want to tax him 50-90%??? Why would he keep the company going???
And, how many times has a poor person handed u ur paycheck? I wish my rich boss paid NO taxes period. It would leave him more money to put back into his company and make sure all 175 of his employees had jobs.
Read Sir Waste A Lot's post please -
SirWasteAlot wrote:
The government has been trying to cut the budget. It doesn't work too well. We arent wasting all the money you seem to think.Dino Marchetti wrote:
Ding Ding, we have a winner. You peopleto the US which would create more domestic jobs which would actually create more taxes even though the tax rate is lower. Cut the gov. Budget & STICK to the budget just like every one of us has to do.Why raise taxes? Why not cut government spending? I bet we could trim 25% off the budget without even breaking a sweat. Start with foreign aid, loopholes and welfare abuse.
Taxing a business is a loose loose situation. Taxes to a business is just overhead that gets built into the price so in the end either we the consumer pay their taxes or they move offshore to a country that appreciates their money more. -
The trickle down philosophy as the rich dot let it trickle. They're only interested in themselves which is why they're rich in the first place
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