Actually, it is well past time that everyone pay their "fair share." This given the fact that 47% of ALL Americans pay NO Federal income tax at all. Rather, they are content to rail against the size of government, the "waste, fraud and abuse," and then to foist the cost off onto generations yet to be born - and who, not uncoincidentally, therefore get no vote. This being what deficits and debt really are.
In that sense, the system works quite well. The middle class is slothful and self-satisfied. They fancy themselves put upon when in fact they get back about $2.10 in government services for every $1 they pay in taxes. (This why the national debt now exceeds 100% of GDP.) Yet then whine that they are overburdened and overtaxed.
Indeed, the taxes on the evil awful reptilian rich could be raised to 100% - their wealth confiscated - and it would make no difference to the long term fiscal viability of the nation. The two central programs of the welfare state alone are on the verge of insolvency.
Medicare has $43 trillion in unfunded liabilities. Social Security has $22 trillion in unfunded liabilities. The whole of the economy coming to only $23 trillion in GDP. Please note, you could confiscate 100% of the wealth of the rich - and everyone else in the country - and not meet the fiscal liabilities that the country has chosen, and continues to choose, for itself.
In that connection, please note, the American public that whines that it is overtaxed and that the "rich" are not taxed enough have the following profile:
1 in 6 who works, works for government
1 in 7 is a Social Security recipient - and this will only get worse as the population ages. As indeed, it is aging.
1/3 of ALL families, this year, will receive some form of government transfer payment. (Indeed, if you count COVID relief as a "transfer payment," the number shoots to 92% of ALL families.)
All this, to repeat again, as 47% of ALL Americans pay NO Federal income tax AT ALL. This further worsening the fiscal picture as the population ages and the workforce shrinks relative to population. Thus, there will be more retirees taking benefits from the system as there are fewer paying into the system. The irony here being that this becomes a massive transfer of wealth from the relatively poor to the relatively rich as the elderly, as a demographic, are wealthier than the young.
Yet try to modify Social Security or Medicare and the public howls as if someone had just set out to touch up the Mona Lisa with a paint gun. The public's rants about the evil awful reptilian rich always stopping short of the Social Security and Medicare programs. THOSE evil awful reptilian rich are not so bad.
Here then the fallacy in the premise to this question. It presumes to define "fair share" not in econometric terms, but in terms of emotional catharsis. The "rich" don't pay enough, so the argument goes. The fact that the national debt illustrates that the nation as a whole does not pay its' fair share - at least relative to its wants and what it asks from government - is ignored.
CONT. FROM ABOVE:
This not even accounting for the fact that the tax code has all sorts of loopholes that the public absolutely will not touch. See also the wildly popular home mortgage deduction. Here again, the larger and more expensive the home, the bigger the deduction. Here again, another transfer of wealth from the relatively poor to the relatively rich that the public categorically refuses to modify.
Indeed, not without reason as incentives to build bigger and better homes leads to the creation of wealthier neighborhoods. Not to mention also the kinds of low income housing that otherwise would not be built as it would not be profitable absent the home mortgage deduction.
The bottom line, "tax the rich" as you will, it is mere catharsis and will not solve the problem. That problem being that the American public rather enjoy living beyond their means, consuming more than they produce. That being a bigger and more deep seated problem than how much in taxes the wealthy do or do not pay.
Very intelligent and well thought out answer and I agree with most of what you say. One thing I take exception to is your mention of Social Security as if it is some sort of welfare or handout system; it is not. As we work, we put moneys into it, with the promise that some day, we will be able to draw it out.
I certainly agree that rather than burden the people by taking more of their hard earned money, the whole system does need to be reformed, spending needs to be curbed and cuts made as well.
@IndyZee Thanks for your kind comment.
As to your later point, no, actually I did NOT say Social Security was a welfare system. Neither Medicare nor SS are. In fact, they are both so structured that, in fact, by default they become transfers of wealth from the relatively rich to the relatively poor. That is quite the opposite of welfare.
This, to be sure, was not an intended effect of the system. It has simply worked out that way as the population ages and the number of people paying into the system declines relative to those taking out.
Indeed, as even FDR admitted when the program began - and he addressed this quite specifically - the Social Security Trust Fund is an accounting gimmick that he created to have just the impact that you suggest here. "I paid into my account, therefore it is my money."
Of course there is no account. All the cash goes into a general fund against which interest bearing bonds are issued. The system is then drawn on as funds are needed.
'
Here is the problem. If you live long enough - and as the average lifespan grows longer this will only get worse - you will well exceed what you paid into the system. This again why SS has $21 trillion in unfunded liabilities.
When SS was passed, the average lifespan was 68 and the age of eligibility to draw benefits was 65. It is still 65 and the average lifespan is now 78. That's a problem. People are only working till 65, and then drawing benefits for another decade or more.
That simply cannot continue. In fact, if SS had to rely upon only those who paid into it, it would already be insolvent. It is only the fact that SS, in effect, issues interest bearing bonds that allows it to continue as - right now - there is already not enough people paying in to cover the beneficiaries.
Of course, those bonds are good only so long as the American fiscal system is solvent. That is problematic given a culture that is ardent about wanting everything but adamant about not paying for anything.
Type-o:
This sentence: "In fact, they are both so structured that, in fact, by default they become transfers of wealth from the relatively rich to the relatively poor."
Should read - "In fact, they are both so structured that, in fact, by default they become transfers of wealth from the relatively POOR to the relatively RICH."
Older people are statistically richer than young people. As SS takes money from those who are younger and who work and gives it to older retirees. it in effect moves money from the poor to the rich.
This on the assumption that the poor will get older and richer and get the SS monies back. The problem of course is that with fewer people paying in and more taking out, that will not work over time.
My friend brings up the trickle down economy. If rich people have more money, they loose pocket change a little more for people below them. Maybe investing back into their company or for donations. However, maybe there could be encouragements for doing the right thing. But I suppose that's what tax right offs are for...
However, If it's carefully planned maybe something more could happen.. but it should be reasonable and fair to both the rich and the poor. We want to be like robin hood and steal from the rich to give to the poor. but things are not always cut and dry... Things are more complicated than that, every action causes a reaction. It's getting paper on a table with a solution that both rich people and poor people can be comfortable with
you dont get it , most of the billionaires you see , if not , maybe all of the billionaires dont 'earn' an amount that could be taxed , they dont earn a salary of billions that can be taxed , their net worth is in the form of company shares are real estate , which can be only taxed if they decide to sell it to liquify the cash.
ex. elon musk has a net worth of around 150 billion , doesn't mean he earned that 150b by his salary. Tesla is worth around 650 billion dollars , and he owns 21% of tesla , which directly means he is worth 128 billion from tesla itself.
there is no legal way he can be taxed unless he wants to sell his company shares worth 128 billion , even in that case he would be just taxed around 20% in total , pretty neat
Laws can be changed to increase the rate at which capital gains are taxed. And what "don't I get?" This is a poll question. Did you vote B? That's all you have to do if you like the way things are.
Yeap. Amazon paid no taxes last year thanks to trump. A company worth hundreds of billions paid 0 and we had to pay more to cover it.
@Tstrbrainer No, @MrOracle is not correct. Amazon is not paying taxes because the system is broken. I have Amazon stock and I just purchased gifts for my nephew on Amazon so I like the company but they are using loopholes to get away with not paying taxes. It's legal, sure. That's why people want the laws changed. Their profits were ridiculous in 2020 because of the pandemic. It's not "Economics 101." It's a system that needs reform. :)
itep.org/.../
@Tstrbrainer We're not looking for further explanation. Most just want the laws changed. I mean yeah, what Amazon is doing is smart for their company because the laws currently allow them to do it. The purpose of this poll is to find out if citizen tax payers want those laws changed because it doesn't seem fair. So far, most do.
@Tstrbrainer We have different tax brackets if that's what you mean. We don't have a flat tax. I am not against that if it will make the system work better. All I know is that we are running up huge deficits in our country while the wealthiest individuals and the biggest companies are able to use loopholes in our laws to avoid paying taxes. But these laws can be changed. Nobody likes paying taxes but it's a reality of life in the modern world. This poll is asking if our tax laws should be changed. So far 71% say yes and 29% say no.
Opinion
74Opinion
Said B, but in that I think everyone should get less taken out in taxes and we should massively cut government expenditures. “Millionaires and Billionaires” pay almost all net taxes in the US
Fact:. The bottom 50% pay little or no taxes at all.
Fact:. The wealthiest people are already paying the majority of taxes on this country.
Fact:. "Sneaky" tax breaks are actually incentives for business owners to buy thing and create jobs.
Jimmy Carter tried a 15% luxury tax, which was a tax on "luxurious" items (yachts, expensive cars, airplanes, mansions). Do you know what happened? People essentially STOPPED buying these items, which had the effect of almost killing the industries that produce luxury items and cost our country THOUSANDS of jobs for middle class people.
Obama was going to do the same thing targeting private jets, then the aerospace workers Union snapped his foolish ass in line and reminded him how many union jobs would be lost.
Please read history and have a basic understanding of economics before posting things like this.
@Dongie Tariffs are taxes, my doof.
When was it never a good time?
A few hundred extra a month isn't going to make much difference to us. But to a minimum wage family it could mean less\no food on the table. That's the kicker, it's all very well talking democracy and capitalism, until you look and see most of the people are actually paying more than their fair share.
Mainly because the top 10% are hiding 90% of theirs. They would rather pay a tax accountant £10,000 extra a year (tax deductible) and donate a few grand to a politicians fund, all to hide their 100 million plus, from the taxman.
It's definitely time to increase the highest income tax brackets and increase the capital gains tax rate back to historic levels. I'm not in favor of a "wealth" tax. Our problem is not that the stock market has give some companies a very high valuation. The problem is that the social safety net is full of holes. People should not be wondering where they are going to get their next meal, how they are going to pay their rent. or skipping prescribed medications and delaying needed medical care because they cannot afford it.
Every dollar spent on the IRS brings in more than a dollar in taxes. Logic suggests spending more, until that's not the case any more.
"Biden will seek $80 billion for the IRS to claw back $780 billion in unpaid taxes from the rich, reports say"
https://www.businessinsider.com/biden-wants-80b-for-irs-to-claim-780b-more-tax-from-rich-nyt-2021-4
They’ll just pay lobbyists and congressional reps to change the law in their favor. It won’t happen bc the ruling rich don’t want to pay their fair share.
No millionaire or billionaire ever got where they were by being fair or equitable. Philanthropy is a joke. World hunger still exists yet doesn’t have to if one billionaire woke up and thought “today I’m gonna end world hunger.”
These types of people are too greedy to see what type of world they actually live in. Don’t expect that these types will actually contribute, they are leeches sucking society dry at the expense of the working class.
And when a billionaire does do awesome things for humanity, like Bill Gates, everybody is suspicious and hateful. LOL. Billionaires can't win.
BG has a net worth of $148 BILLION. He hasn’t done enough. That’s $148,000,000,000.
Meanwhile essential workers have been dying from lack of PPE and even with PPE just so they can’t make ends meet.
What has Bill done that’s worth his riches? Has he really lifted humanity up? Or has he done as much bad stuff as good stuff? I argue the latter: Bill brought about the EULA which has changed software forever, users are required to sign away their rights just to be able to use the computer they purchased. Microsoft destroyed competition in the market and now has a huge monopoly, Apple is the only company left to challenge them.
So what great things has Bill done with his personal wealth? Not much. If his wealth was redistributed to the whole of human society humanity would be better off for it. Instead we allow wealth hoarding while malnutrition and poverty is an inescapable burden still in the states. He doesn’t need that much money, nobody does.
You are sidestepping that Bill’s bread and butter Microsoft has a long storied history of exploiting Indian migrants for tech support and low tier jobs that nobody else will fill.
Lord help anyone who pays attention to the daily dealings of these fat cats and actually knows the shady practices these companies use to create millionaires/billionaires.
They should, but they probably never will. When somebody has over $1 billion in net worth they can easily hire the best tax experts to find every possible loop hole and avoid paying taxes. Or they could just buy a house in another country with lower taxes.
Comments like this just proved how little liberals understand the tax code. There really is not massive amount of loopholes. Trump limited one of the main ones they used to $10000 Salt reduction rules but Biden is about to take away that cap.
Also buying house another country does absolutely nothing. You do get a tax credit On taxes you pay to foreign governments but that doesn't mean you pay nothing it's just you don't get double taxation as an American you have to pay American taxes don't matter where you live in the world don't matter where the money comes from even if you have nothing to do with America.
The truth is America is very heavily taxed on the upper middle class but the poor's pay nothing
And we the regular guy get to pay more than our fair share that Biden negelected to mention. This is only the start of the fall of the UNITED STATES OF AMERICA. The price of fuel is way up and going much higher. Price of food way up and starting to have some small food shortages but they will increase soon. ILLEGAL S ENTERING OUR COUNTRY AT ALL TIMES HIGHs will increase every month till we sink under Biden s open borders. The Czar of the border VP Harris has no plans to go and see what goin on says there is no crisis Last night Biden said he created more jobs than any president ever , I THINK NOT
IMPEACH BIDEN AND HARRIS
THey already do. If they didn't you wouldn't be enjoying the amount of public services you do since the income from the taxes of people with a common wage wouldn't be enough to cover the expenses.
If you really want to be pissed at somebody for these reasons, don't look farther than your favourite social networks' owners and people like Bezos or Google.
The top earners alerady paid more taxes than the rest.
Also why do you folks never suggest to tax the lower people less rather than demanding more money from the rich? It's economy 101 that to get the economy running, decreasing taxes is one of the best tools to do it. Remember when Democrats accused Trump of causing Armageddon when he did exactly that? Yeah, reality is it created jobs until covid came along.
If deficits don't matter, lower all the taxes. But everybody moans that we are in deep debt.
So it would be the governments duty to... you know... the thing that every business in the world does... figure out where it wastes money.
I know, that's quite the concept.
Biggest waste is the military. Republitards would cry if that was cut, though. If we cut social security or health programs, that won't fly either. It doesn't matter who people vote for, those will never get cut. So if taxes aren't raised, what's your plan, Chief?
So instead of - trying to change fundamental issues such as government wasting massive amount of money in all directions - let's just fuck over our economy by keep on raising taxes... until taxes can't be raised anymore. That's the plan. Did you think this through?
Dude, if deficits don't matter, lower the taxes for everyone. Is that what you want? If so, Vote B.
I'm saying you are lacking real life experience. As a matter of fact, you can not push taxes indefinitely. There comes a point where having a business will become a net loss and thus all the necessary businesses that you are benefitting from every single day will eventually close down or at the very least move to a different, cheaper country.
You are collapsing the economy with your suggestion. Has happened before and will happen again.
This is a poll, you ridiculous knucklehead. You have TWO options. Vote B if that's what you want.
This is what I don’t get about people. If someone supports trump or Clinton, individuals who are billionaires and have done awful things in their political careers but are off Scott free. Why do republican supporters or democrat supporters yell and scream at each over socialism or other topics. But give the green light and thumbs up to politicians for doing jack shit? Let that sink in for anyone reading this. Politicians especially in the west, especially in the United States play people for fools. United States is not a democratically sound nation. It is a nation based on a web of lies.
You cannot “ Highly tax” the rich, if you try they move their businesses and money overseas, eliminating themselves from the taxes altogether, firing, eliminating jobs, possibly YOURS. It astounds me the number of uneducated individuals in this country that do not understand supply side economics, supply and demand, free enterprise and Capitalism.
Did you vote B?
They already do. In Germany at least.
For unmarried people:
Take home pay with 50K is ~2600 EUR
Take home pay with 100K is not gonna be ~5200 EUR but ~4700 EUR
Besides. Taxation is legal fraud. They ain't using it for anything meaningful. They spend our tax money to bribe news stations to feed us with propaganda on the TV and news and stuff like that.
Well, some tax dollars go towards important things. You know, roads, police, schools, parks, etc.
Most of them do pay a good amount of tax. And actually the more you raise tax rates the more incentive they have to find ways around paying them. A simplified tax system with less loopholes would make things more transparent and reduce overheads. Also it's shown that the more you invest in tax evasion you make the money back and then some. There ought to be tougher punishments for anyone who purposefully evades tax, whether that's a millionaire or the local builder/gardener doing cash in hand.
Absolutely. Also, those at the 2021 22% tax bracket should be lowered into the next lowest bracket and have the difference taxed between all of the higher up tax brackets. Those in the 22% tax bracket tend to take home the same amount as those in the 10% bracket, despite the higher earnings, due to the bite in their income from taxes.
What are you talking about the top 20% pays like 87% of taxes. There's about 50% of Americans who don't even pay federal income tax. The truth is billionaires and millionaires pay the vast majority of the taxes where you have about 50% Americans pay nothing and you think they are not paying their fair share even though there paying the vast majority and others are paying nothing.
55 Corporations Paid $0 in Federal Taxes on 2020 Profits:
itep.org/.../
Do not understand corporate taxes not the same as personal income tax? talking about personal income taxes not corporate taxes your whole question had nothing to do with corporations. And they pay nothing because they invest all the money back into the company. But this is a common liberal argument just change what your talking about to try to fit your narrative. You clearly have no clue how heavily taxed rich people are in America but poor people to pay taxes of course anything that's perfectly fair and there paying their fair share of pain nothing
That's BS and you know it. It's why you are anonymous. Rich people and corporation can escape taxes by being sneaky.
the top ten percent pay over 70% of all taxes. How about the freeloaders get off their dead ass and go to work. Since when does society owe you healthcare and all this other BS. Cut the federal government down to building roads and protecting our borders and nothing else
Are you a billionaire? If so, where are you sheltering your money?
The mega-rich don't make up 25% of this website. So you can see the truth for yourself, that in America, poor Republicans never think of themselves as poor. Only temporarily embarrassed millionaires. That is how they can be persuaded to vote against their interests.
Tax breaks for the rich! You may not benefit them now, but tomorrow? Who knows!!
They are very stupid, but they do vote.
Define "fair share". Because if you do it by the numbers the wealthy already pay far more than their share.
By the way, the above numbers are based on taxes ACTUALLY paid. In other words, after all the shelters and loopholes liberal politicians have convinced you that the rich use to evade their tax burden. The more Americans earn, the higher a percentage of what they earn is ACTUALLY paid in taxes. So again, I would like to know what you consider their "fair share".
What percent of America's wealth does the top %10 own?
If they aren't paying that equivalent then they aren't paying a fair share. On top of that fines are basically meaningless to them, what's a $1,000 fine to a millionaire?
They pay over half their income to the state. Also billionaires and Millionaires don't have that much money, most of their wealth is in assets and properties so its you can't really tax that as if it was income.
The top 1 percent of earners paid more in federal taxes than the bottom 90 percent. Biden's plan will just drive capital overseas which will cripple industries in the US. Capital gains will also have an adverse effect on the economy.
Yes.
I say we need a late tax rate, not some BS numerical amount or tax caps. Almost every wealthy person agrees, or at least acknowledges, that rich people hoard their money and do not want to give back to society. While we're at it donating art should not get you a deduction.
Yes of course, i think taxes should increase by income. Rich people should be highly taxed
@chris_987
Now remind me how many businesses nowadays actually invest in their company in order to help people. Now how many use tax deductions and breaks to bring more money home for themselves.
Young people may not be experienced in business but at least we aren't retarded and looking for scraps. Tax breaks should ONLY be given to companies who give raises to lower income workers and to companies that regularly invest money back into their company. If you can't reinvest then you clearly need to pay taxes on it.
@Hypnos0929 All of them.
The top 1% of income earners pay about 50% of the money collected by the IRS.
The rich paying their "fair share" would drastically REDUCE their tax burden, hence my support for it.
Do you actually know what socialism is or is that your buzzword? Because last I checked Biden has NEVER advocated for all private industries to be abolished
First, what he says NEVER matches what he is doing. He has lied about every single thing he is doing. He says one thing and does another. Right out of the Marx and Alinsky playbooks.
Second, he doesn't have to say he is instituting socialism. His policies speak for themselves.
So you don't actually know what socialism is then. If you wanna call him a liar then do it but don't be retarded.
Socialism doesn't mean "Anything I disagree with" or "Anything I don't like". It's specifically the removal of all private industries in favor of government controlled industries. Show me him removing all private industries.
@Hypnos0929 RingOfFire is a gentleman who is batting mental illness. :(
Your argument is so bereft of reality that it is not worthy of comment. But I will leave you to stew in your ignorance with this... You completely ignore his dismantling of the US energy industry. That only took him 100 days. Next on the Marxist Democrat's list is healthcare, banking, education and transportation. And the list goes on. First destroy them, then announce that we have a crisis so the government must step in and take them over. You are completely ignorant of the history of how every communist and socialist hell hole that has ever arisen works.
Lmao the move towards government regulated energy has been in motion for decades. 100 days? Are you serious?
Healthcare, same deal. Unless he starts banning private practice then he's in the moderate. Banking is almost completely private until bailout time, education has been mostly public for a century (and even private and charter schools are failing). As for transportation, Uber. Need I say more?
It'll never happen. They'll just threaten to relocate jobs and the government will back down.
You might want to check your facts.
No. It's time for the average people to make enough money so they don't think to complain about taxes and the rich.
How do we do that?
There is a really complicated dynamic that is in north America that was never here in the old days when one man could support his family with a regular job. That dynamic is consumer and worker perception, credit and the stock market. It has changed so much since then. People are willing to work for less salary usually due to desperation, and willing to pay more for goods because they can finance everything with credit, and companies are trying to rip off consumers and employees as much as possible so their financials look better and stock price increases. Before there was credit, prices had to be lower because they bought everything with cash. Some stores would offer you a tab or in store credit, but it still needed to be paid much more quickly than today's credit cards, loans and lines of credit. And before So to really help change that, workers need to step up the expectations and companies need to contribute their part in paying more, selling for less and consider exiting the stock market to reduce pressures from shareholders and focus on enriching the economy and communities instead
So getting rid of credit cards is the answer?
Yes, I agree time for the millionaires to pay their share in taxes
As individuals, 'the rich' deliver a reasonable share I think.
Where: the opportunity for large corporations to evade tax payments looks much on the shady side to me.
Absolutely! They must stop getting away with the fact that they're "the deadbeat fathers of America." It's about time for them to start providing for our people.
They earn more because they are smart.
No one should be taxed above a limit.
If you make them pay more taxes, then obviously they deserve special treatment and people should then not whine that rich are getting special privileges.
Yes 100%
Unfortunately there are too many loopholes for rich folks to keep most if not all of their money.
What is their fair share? Seeing as the top 10% pay over 90% of all income taxes, how much more would you like them to pay?
Lots of wealthy people and companies can shelter their money or use loopholes to pay basically nothing. Meanwhile, the US is in deeeep debt.
Yeah, the US is in deep debt. But isn't that the politician's fault? Why should people who are such big producers and already paying so much pay even more?
I'm not saying I disagree with you, I'm just trying to understand your perspective. And trying to be a little bit of a devil's advocate to get the whole picture
Oh yes, definitely. Democrat or Republican, the super rich need to stop hogging all the money to themselves and pay their fair share like everyone else.
well you know who makes the laws. we don't live in a democracy. so that isn't gonna happen. those that make the laws won't ever make laws for their own disadvantage.
If i had to pay my money in taxes i just wouldn't work. As i do now. Fuck this society, i hope all you fucking morons die poor as you deserve
Calm down, hothead.
Shove a shotgun up your ass
Excuse me?
🖕🖕🖕🖕
So you're broke and still think you're smart?
You are paying your money in tariffs, my doof. Tariffs are taxes. Trump is your enemy. :)
Yes, stats show they pay way less using loopholes or capital gains nonsense.
Do you actually believe that?
Yes, I have, and you're wrong.
https://www.girlsaskguys.com/img/6170187
https://www.girlsaskguys.com/img/6170184
There was always the time for them to do so. But they didn't.
the rich are what help america , for example fracking for oil, they should drill for it an where they find it in america to help our country. biden and al those tree hugging animal worshipers are just idiots.
Did you vote B?
yeah i did animals and protected land and tree's are not helping anyone but idiots that think nature is to stupid too take care of its self, i mean if nature needed our help dont you think you would see other animals protecting land, there own kind or soe other idiot thing?
you dont see it because nature knows better than we do protecting animals and land is stupid and
harmful too what help the human race.
LOL. We get it. You hate nature.
lol not really but its annoying to see so many people take up a cause for an animal that has been n the brink of extinction since before humans were around , and us helping rotect things hurt the land more than help it
Rich people pay a larger percentage of their income already. The poor just have much less left over after tax. Peasant!
Top 20% already pays 90% of income taxes. What's far about that?
55 Corporations Paid $0 in Federal Taxes on 2020 Profits:
itep.org/.../
I voted no because of your options are binary in nature. Any decent question of this kind would give the respondent multiple options. Personally, I’m for a flat tax.
There is no need for nba and nfl players to be making millions of dollars playing a sport. It’s time we tax them.
Should the owners of those teams also pay their fair share in taxes or just the players?
Is it wrong to work your ass off after uni , and turn your education into millions only to have irresponsible angry sharks jealous of your status?
They should have been paying their share of taxes all along. The rich get richer, the middle class get poorer and the poor get homeless.
It cannot be done. You’re like “hey elite, can we please tax the elite more?” These people control government
No billionaires should exist when people are starving.
Well, super profits go into share prices.
I don't really have a bias
The rich already pay more than their fair share. The top 10% pay close to 71% of all taxes.
I Really don't see how Taxing the Evil Rich people will help anybodies situation in the slightest. All it does is shuffle money to other Rich People.
Personally, I think there should be a flat tax (say 13% personal, 17% corporate) and no deductions for everyone to pay.
They always have paid the most. How would you like being taxed 35%
What is their fair share? Like what percent of total taxes should millionaires and billionaires pay?
Whatever the rate is. Currently there are loopholes and other sneaky ways that wealthy people avoid paying what they should. :) And I am not against a flat tax if it means the wealthy bastards actually pay that rate.
Yeah--flat tax on broadly defined income and minimal to no loopholes sounds good to me!
They already pay their "fair share" and more. It's time for a flat tax and eliminate all deductions.
It's time for the "very rich" who have evil intent (Bill Gates) to have their wealth taken from them (and their power) and have that money given to righteous Godly purposes
It is definitely time for them to pay taxes, but they never will.
The same tax loopholes available for the rich are available for the common man too
I want to be wealthy so bad. It must be nice having everyone love you
they earned their money fuck off poor people go to work!
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