How’ve you lasted on here so long?
Ibtz
IBTZ
The more money you give gummint, the more it will spend. Our survival requires starving this beast.
This would be acceptable to you unless you were to get into the 5 million or level?
The problem with the income tax is that it doesn't tax existing wealth, only the creation of new wealth. As such, it serves as a barrier to entry to the upper classes of American society for those Americans who elect to climb the social ladder through hard, honest work.
HEY YETI!
It ain’t YOUR money!
Why should we? They already pay the lion’s share.
Besides, we could confiscate every dime that they make, along with everything they own and it wouldn’t make a dent in the spending that the left has committed us to.
How about this. EVERYONE is taxed at 20% of their income, regardless. No deductions. How is that not fair if everyone is treated equally?
I’m an “old school” American. How much money someone has is none of my or the government’s damn business. If “the poor” want a BIG government, then THEY should be willing to pay for it. Thou shalt not covet.
That was already tried - it's called the Alternative Minimum Tax. Unfortunately for Americans, this tax now hits middle-class Americans the hardest, especially those in areas with high costs of living. Truly wealthy Americans are still free to exploit other sections of the Federal tax code to shelter their wealth (new or existing) from taxation.
Maybe you should be asking why do 48% pay no federal taxes whatsoever.
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For one, taxing a group of people simply to score political points is about as immoral as it gets. That's what Democrats do, and that's why we stand against those actions.
Taxing the rich won’t solve the problem either in the near term or long term. The rich aren’t responsible for creating this mess. I’m not rich by any stretch of the imagination, I”m near the bottom of the middle class. But, let’s get real here. The rich aren’t responsible for this mess, neither are the middle class, or the seniors or our veterans. Yet, all of these classes of individuals will get punished by Washington because Washingont couldn’t reign in the excess spending and debts they have incurred on current and future generations. It’s Washington’s hope that we’re all poor and that there are only two classes of people: The rich in Washington and then all the rest of us.
ibtz
Taxing all the rich at 100% would not keep the government running for very long at the present rate of spending. The problem is not revenue, it is the completely out of control government spending. The Rats in charge from 2007-2011 demonstrated to me that the government is capable of spending any amount that can be raised and then some. It makes zero difference who is taxed or how much you tax them if the government insists on spending 40% more than they raise in revenue.
I come from a socialist country. So to answer your question:
Two things - what’s reasonable to you may not be reasonable to the person who gets up early in the morning to go to work and then gets to hand most of it over to the gubmint. My old country’s top tax bracket is 72% (on INCOME tax alone). The left there thought that was quite reasonable. So why knock yourself out?
Secondly, countries that tax their highest earners so heavily find that many of these earners go somewhere else. Can’t blame ‘em.