I make about $350,000 year. What do you think my "fair share" should be?

Question

Please, no answers like "more" or "all'. Serious question. Serious answers please.

Answer 1

I think you should keep it all. Government should be paid for through excise taxes and other fees. If you don't use, you don't pay. When you use more, you pay more. Simple. If you're broke, you're not buying anything, ergo you're not paying taxes either, so it works out. You can manage your wallet better and the burden of taxation will be more evenly spread. It also gives you the chance to save more. That's one way....

Some suggestions have been like 10% flat income tax, no exemptions, no excuses, I think that has merit also...If you make 8 grand, you pay 800 bucks. If you make 80,000 dollars you pay 8,000 bucks, right on up. 10%.

The way it is now, though, there's this 30% tax bracket, and what that does is basically punish the top earners. I think there should also be donation funds to promote/support initiatives, which would give people a way to 'vote' on supporting stuff, too.

The way it is now, Congress spends whatever the hell it wants, wherever it wants, and when they run out of tax money, they start selling debt to foreign countries, which means now you're paying taxes to several countries, not just the United States. That needs to be changed...If I don't want to pay taxes to the king of crapistan, that should be my right as an american citizen.

I think the tax issue would dry up, and blow away if debt spending were outlawed, both at the state and national level. Politicians would have to begin their meetings by reciting the word 'no' about 200 times, for warm-ups, but it'd be a Great Day In The Morning
if americans weren't getting taxed to pay for some of this asinine BS that's going on these days. There would BE no welfare office, for example, and there sure wouldn't be any illegal aliens in our schools. And, taxpayer-funded junkets would be a thing of the past, and the would-be 'royalty' in D.C. would likely be facing pay cuts, too.

Reform's a bear, but unless people vote and lobby to ensure they're getting represented on these issues, it's pretty much guaranteed that they're not getting represented...start a petition drive to get your state legislature to review the tax system...if all 50 states have their acts together, that'd be a great platform for looking at national reforms, too. A solid, back-to-basics approach on taxation sure beats the bait-and-switch voter-sop tactics that we've seen throughout the years...there's no reason why a 'conservative' administration can't make good headway against those kinds of things...other than that maybe they're really not interested in doing it....

Answer 2

I make way less than that but I think our tax returns should have no deductions or write offs and everybody should pay a flat 10% federal tax and another 5% state. That way we are all paying our fair share. Percentage wise!

With the deficit we have now, taxes will have to increase for generations to come.

Answer 3

would all depend on how you earned that money, if it was through hard work like working long hours, not having a social life for the time you were earning it, not seeing your family, living away for long periods of time then i would say you deserve all of it. and you should be able to enjoy what money can afford when the time comes.

if you earned it through illegal means, then you deserve none of it (i doubt thats how you earned it, as if you did you wouldnt ask that question)

if you earned that through playing sport (football, tennis, soccor, baseball) or another type of overpaid job, i think you should be giving at the minimum $50,000 away to a charity, preferably in your area(charity begins at home right, once you look after your neighbours you can help people further afield in my view).

how about looking around to certain vulnerable groups like the homeless and making a deal with them that you will rent a flat for a homeless person on the understanding that they will now try and look for a job of their own, give them a 6/12 month stay free, if they dont manage to sort them out, you move onto the next homeless person and so on.

think of idea how you could use it to give just one person a chance at a time.

Answer 4

Your "fair share" of What. Your fair share of your own and your family's support and education should be 100%. Your fair share of taxes should be the full amount due. Your fair share of opportunity to choose your family's dinner menu, or to watch your favorite TV programs - should be whatever works in your house. Your fair share of gifts to charities and community agencies, churches, and blood donations to the red cross should also not be forgotten.

Answer 5

I personally think that our income tax system is flawed. Instead of taxing income, there should be either a flat tax or better yet some sort of national sales tax INSTEAD of an income tax.

So, your tax if there was a national Goods and services tax would depend on you. The more you consume, the more you pay. The more you invest in the economy... the less you would have to pay, and incidently you'd be investing in your future making yourself less dependant on government services.

Answer 6

Are you talking about what the government "should" take? I'm sure that YOU think it's too much.
OR you could be talking about divorce and what a "fair share" should be. THAT would depend on if you're on the giving end or the taking end.
Which is it?

Answer 7

If you are asking what should go to taxes,and what you should keep
my answer is: 10% / 15 % to taxes.

If you are saying that you bring in this amount to the company you
work for,what is your fair share of it,my answer is:your share
should be aprox. 30%

Hope this helps.

Answer 8

It depends on many things.. like if ur married or have children or many other things.. but what i do with my money personally.. i give 15% away to charity.. and save 20% in the bank.. i don't touch that money until a really rainy day comes by.. and the other money i just spend on things that are important.. and if any money is left.. I spend it on enjoying my-self..

Answer 9

I think roughly 70,000 or 20 some odd percent. Hard to really say with out knowing deductions or how you make your money. I think money that is worked for is different than money got through interest.

Answer 10

$234,500 is your fair share Unless, of course, you have children. In that case you're fair share is reduced considerably more.