Why don't we tax the rich?
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UsedToBeHusky wrote: »
It's all about the tax brackets. To be at 14% with dependents, you would be grossing less than 30k a year.
Which is our problem... we make more than that... DAMN professional careers in the STEM fields!
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I wasn't including all of the taxes I paid in, just federal, or the bill I owed during tax time because I don't remember those numbers off of the top of my head. But I did have 2 dependents and purchased a house and new vehicle so perhaps that's why?-1 -
WHY don't we tax the rich? Because clearly they need all that money to create more jobs!
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People in the United States seem to want a lot of benefits and services from their state and federal government, but they also seem mostly unwilling to pay for it. It's a very strange thing.0
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UsedToBeHusky wrote: »
It's all about the tax brackets. To be at 14% with dependents, you would be grossing less than 30k a year.
Okay, I must not remember the numbers correctly then because I made $283k on salary last year.-1 -
companies don't pay fines and taxes...consumers do.0
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InevitableButterfly wrote: »People in the United States seem to want a lot of benefits and services from their state and federal government, but they also seem mostly unwilling to pay for it. It's a very strange thing.
Usually the people that want all the benefits are not the ones paying for them. Most people I know that do the majority of the paying when it comes to taxes don't need or want government benefits beyond the basic functions government should provide (defense, laws, etc.).0 -
UsedToBeHusky wrote: »
It's all about the tax brackets. To be at 14% with dependents, you would be grossing less than 30k a year.
Okay, I must not remember the numbers correctly then because I made $283k on salary last year.
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So, if we tax the rich at "90%", what is the incentive to become wealthy? Why would someone want to work hard to be taxed so much? In my opinion, a percentage of a large number is still bigger than the same percentage of a smaller one. Usually, millionaire work hard for their money and I, for one, think they deserve it. It shouldn't be a penalty!0
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collegegirl713 wrote: »So, if we tax the rich at "90%", what is the incentive to become wealthy? Why would someone want to work hard to be taxed so much? In my opinion, a percentage of a large number is still bigger than the same percentage of a smaller one. Usually, millionaire work hard for their money and I, for one, think they deserve it. It shouldn't be a penalty!
I dunno. I thought that people with real money have their money do the work for them.
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It's all about brackets. Like March Madness. But in April.0
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He's a troll.
If you tax the rich, what stops the rich from leaving the town, city, state, country?0 -
OK - I'll bite - here's a valid argument.
My wife teaches high school (11th grade) Personal Finance. This topic comes up over and over.
So, to illustrate the problem to her classes she suggests that they do an exercise on the next test to model "taxing the rich"...the exercise is pretty simple: the people that get high grades have to give up some of their grade to help the people out that get the low grades...level the playing field, so to speak.
What happens is the traditionally "high grade" students don't study, because, what's the point, they have to give about 1/2 of their grade away anyway. The traditional "low grade" students study even less than before, if that is possible, because they are expecting a hand-out. Apathy rules. The average test score for each class drops to a dismal level.
Same thing will happen in the real world if taxes are raised that high.
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__drmerc__ wrote: »Commander_Keen wrote: »He's a troll.
If you tax the rich, what stops the rich from leaving the town, city, state, country?
Can't present a valid argument so you resort to name calling?
This times 100 -
Leave politics out of the forums. It's against the rules.
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Go_Mizzou99 wrote: »OK - I'll bite - here's a valid argument.
My wife teaches high school (11th grade) Personal Finance. This topic comes up over and over.
So, to illustrate the problem to her classes she suggests that they do an exercise on the next test to model "taxing the rich"...the exercise is pretty simple: the people that get high grades have to give up some of their grade to help the people out that get the low grades...level the playing field, so to speak.
What happens is the traditionally "high grade" students don't study, because, what's the point, they have to give about 1/2 of their grade away anyway. The traditional "low grade" students study even less than before, if that is possible, because they are expecting a hand-out. Apathy rules. The average test score for each class drops to a dismal level.
Same thing will happen in the real world if taxes are raised that high.
Great example! I have seen the same thing done with a bar tab.0 -
__drmerc__ wrote: »FatFreeFrolicking wrote: »Leave politics out of the forums. It's against the rules.
Waiting for the close in….. 3….. 2…. 1
This is economics not politics__drmerc__ wrote: »collegegirl713 wrote: »So, if we tax the rich at "90%", what is the incentive to become wealthy? Why would someone want to work hard to be taxed so much? In my opinion, a percentage of a large number is still bigger than the same percentage of a smaller one. Usually, millionaire work hard for their money and I, for one, think they deserve it. It shouldn't be a penalty!
I didn't know there were so many right wing extremists on mfp
So, you call people right wing extremists and then you try to say this isn't politics. Brilliant!0
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