Every bleeding heart liberal I've ever some accross has always told me that rich people should be taxed a higher percentage of their income because they need to pay their "fair share." What is a fair share? If the income tax system taxed everyone 15% of their income, would the rich be paying less than the poor? if the poor paid a higher percentage of taxes than the rich, wouldn't there be a public outcry? then why is there none when some of the extremely rich in America pay close to half of their incomes in taxes? Again, if you're going to rely on arguments that call upon emotions or feelings, don't bother to post. I want good, solid, fact-based and logical arguments. No rants.
2007-03-07 07:53:57 · 6 answers · asked by witdfk 3 in Business & Finance ➔ Taxes ➔ Other - Taxes
Fair Share is just a euphemism for, i want to pay less but I want you to pay more. Who is the rich in this country anyway? The Liberals I see are all millionaires to Billionaires and they are making the laws. So if you are rich in their eyes you need to pay your Fair Share but be damned if they will pay their fair share. They will just make laws to exempt themselves from paying it. Look a Flat rate tax would be great, but it will never happen.
2007-03-07 08:06:15 · answer #1 · answered by Anonymous · 0⤊ 1⤋
It's really not possible to define a "fair share" that everyone would agree on. It all depends upon where you sit on the economic scale.
Personally I prefer my current situation where I have enough resources that a job loss wouldn't put me on the streets. If I had to I could coast until retirement age if I liquidated some assets and I'll get enough in retirement to live adequately if not ostentatiously if I had to do that.
I don't LIKE seeing $20k of my hard-earned dollars going to the government but I'd rather have that tax bill than scratch out a meager existence at the bottom of the food chain so I guess I'm satisfied with my current "fair share."
So I guess a "fair share" could be defined as enough to ensure that basic services are provided by the government but not so much to cause economic harm to the taxpayer.
2007-03-07 09:21:05 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
all those who artwork pay income taxes. stop utilizing suitable wing talking factors. They make you look stupid and sheep-like. justifiable percentage: a tax price it truly is larger than the tax price paid by technique of middle classification households. in this actual case, it truly is 30% for those with income in line with year of more suitable than a million million money. do no longer ignore that the easily "activity creators" were given 17 tax cuts lower than Obama, and Obama has pushed for lowering the corporate tax price.
2016-12-05 09:19:34 · answer #3 · answered by ? 4 · 0⤊ 0⤋
ALL I CAN TELL YOU IS THAT WHEN I COMPLAIN ABOUT MY TAXES MY ACCOUNTANT ALWAYS SAYS "IT IS BETTER TO HAVE A LOT OF MONEY AND PAY TAXES THEN THE ALTERNATIVE."
I AM SITTING BY THE BEACH IN MALIBU RETIRED AT 35 AND SURF EVERY DAY AND SHOP. THAT COMES AFTER I CHECK MY INVESTMENT ACCOUNTS EVERYDAY TO SEE HOW MUCH MONEY MY MONEY IS MAKING ME....
STOP COMPLAINING ABOUT TAXES..GO OUT MAKE MONEY AND IT WILL TAKE CARE OF ITSELF. OH YEAH, I AM A LIBERAL AND I FEEL GOOD PAYING MY TAXES. WE LIVE IN A GREAT COUNTRY.
2007-03-07 09:03:29 · answer #4 · answered by charlotte q 2 · 0⤊ 0⤋
The term "Fair Share" means everyone else should be paying more so I can pay less!
2007-03-07 07:59:46 · answer #5 · answered by don n 6 · 0⤊ 0⤋
I don't think you understand how it works, google "marginal tax rate" and you will have your answer.
2007-03-07 09:25:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋