Rich should only pay about as much as the average or a well of person in their area does, not a fixed percentage.
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+1 y
Is a rich person a bigger burden on the society than a regular? Do they use more public healthcare, public roads, public transport, wellfare, public bathrooms, parks, get more military protection etc etc? No
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+1 y
While they directly or indirectly create jobs for 1000s of people. Taxes are meant to be a payment method for these services, with some extra "profit" for future plans and repairs. Paying more than certain amount per year is BS, once your income is high enaugh. Most of you just want to freeload on the ones that make your life great, who give you jobs, services and products that you like. As expected, most of you are "poor" and will stay this way with this mentality 😗
The trouble I find is corruption. I think placing higher tax burdens on the rich doesn't necessarily cause the rich to pay more but seek more loopholes including lobbying politicians for exemptions, and then we end up with an unholy coalition between the private and the public sector.
One of the interesting things about the Baltic nations like Estonia which was the first country to introduce a flat-rate income tax is that they received a massive surplus in tax revenue of a kind no economic advisor (including those from the US) came even close to projecting. They were all almost certain that a flat-rate income tax would result in too little tax revenue, only to end up with the opposite result that it resulted in too much with surplus after surplus.
The hypothesis in that case from Mart Laar (Estonian prime minister who introduced these policies) is that it eliminated the grey economy. That is to say, it largely eliminated corruption. The wealthiest citizens ended up paying more, not less, with the lower rates, because they were happy to pay their fair share.
So I see the closest to the ideal scenario to start with is for the rich to pay their fair share, and that's not necessarily something that comes about by introducing steeper income tax brackets. It might have more to do with providing greater incentives to pay their fair share, which might -- at least in some cases -- come about more with a flatter and simpler tax system.
I am from Estonia, so it's safe to assume i am fairly familiar with our loopholes and systems here.
The main thing we like here is that we can have all of "our" things like cars, houses, fuel and etc in the company name. So we don't have to pay VAT and other similar taxes.
While Estonia still has a very huge taxation going on. You pay on everything, every move. When you make the money, when you use it, when you save/invest it, you even pay income tax on a pension here, no matter you paid income tax on the original salary etc.
Corruption is everywhere. Every country needs only 30 people in office and about 150workers, everything should be online. And the 30 people should always get paid 3 times the average income, with no added benefits, or bribes/lobbying
Is Estonia relatively corrupt compared to, say, the US? I wish I could go there and see the country for myself. What I find impressive aside from their unprecedented economic growth is that they seem to be able to do a decent job maintaining a healthy tax revenue relative to government expenditure in spite of having a relatively low-tax system.
How do we incentive the rich to create jobs without tax benefits? Why would I take a massive risk by purchasing an apartment building if there’s no tax incentive for me to do so. Now we have a housing shortage.
A "rich" person is never one person... That one person is a whole financial eco-system under whom so many other "middle class" people are working.
Of course... The leader deserves a good share because in his directions the team did wonders...
but he mostly only gave directions
There were millions of executives also involved who gave shape and structure to his visions.
If they are helping you shape your financial visions by working themselves to death while you are on vacation in a yatch with hot babes...
You are just as obligated to take care of them.
And the rich people who think poor people are stupid should be thankful that some people are stupid enough to work for others otherwise there would be no billionaires because nobody would work under other people.
Nobody should be paying any tax. Unless we are renting from a property owner, we don’t owe anyone rent. Government is the illusionary mechanism of wealth transfer from the productive to the non productive via the threat of kidnapping/torture or murder if you resist. If you don’t believe government is an illusion, what would happen if all the people who claim to represent it walked away? Point to where government is in that exercise, I’ll wait. I realize that mental exercise might be somewhat challenging for people who grew up being propagandized and brainwashed that something else is true, but there it is.
Discard this stupid income tax and quadruple sales tax. Then we can tax people not off their income but the lifestyle they choose. This relieves taxes for the lower class and will probably increase taxes for the rich without maintaining this sketchy graduated tax we got.
No they should pay more or should I say high income earners should pay more because they should be discouraged to take more than their fair share. Better to encourage sharing the wealth with the other workers, You shouldn't keep paying taxes for something you earned in the past. Neither should you pay taxes for locked resources that gain value but isn't sold. Such as stock and buildings and companies. That should be payed when they are sold or transferred.
I disagree, but you can be happy that the rich own enough property to pay less taxes than most people due to how tax breaks work. One of the reasons why the rich should pay more taxes is because they use more resources, including environmentally detrimental resources than all other individuals while the cost is essentially paid for by everyone
100% disagree. The more you make the higher the tax rate should be.
In America there's a reason this country has a lot of mentally ill people, lackluster iinfrastructure among many other social problems because a lack of funding, we don't receive enough from the rich through taxes.
Its the corruption and out of control spending (both private and public sector) that is causing the issues.
You don't get trillions of dollars i debt without spending like crazy.
That i just a sure way how to drive the people who actually do something out of your area.
20% of 50k a year is 10k in tax money 20% of 1m a year is 200k in tax money
It will take you 20 years to pay as much money into the system as a rich person would. Not to mention the other taxes from purchases or that their company pays for their workers and etx.
The problem is why aren't you making more?
Why are you lazy and don't bring more value to more people so they would be happy to buy your good product or service, so you could pay more tax? 😗
Why did you choose this secure job, obviously your skill is needed by a customer, why not offer it yourself?
Well for rich people it is a must have to pay a huge amount of tax because they have more money which can help developing (I don't think it is really taken for development) the country better.
When money changes hands it is development. The same dollar can repair a road, build an airplane, cover someone’s life saving surgery… moving money eventually gets it into something important.
That’s how taxes move the country. Let’s say a person with 30% off a countries wealth never spends a$1… that means forever the country is 30% more poor until he spends that money.
They do pay taxes and they do pay the most. If you’re looking just at federal income taxes, there are very wealthy people who end up owing none either because of carried over losses from unrealized capital gains or realized capital losses or overpayment of other state and local taxes.
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Your question is asked wrong, because the rich pay less taxes than everyone.
Economically speaking, it’s pretty well proven that progressive tax structure that increases percentages upward is the best policy. The 50s, which is a standard of economic growth, had a 90% tax rate on the top rich people.
I don't see the point of taking money way from an institution that will likely use it for nefarious purposes and give it to another that will *definitely* use it for nefarious purposes.
Regardless, if the loophole doesn't get closed, the billionaires aren't going to pay anything in taxes anyway and the state isn't going to care.
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Don't be stupid. We save a lot more in costs and taxes than the average wage slave like you. In real terms it's not us paying more taxes. But saving less on taxes.
I don't know but what I do know is that if I ever get the opportunity I will b taxin a rich person, I'd wash their car and tax that mf if he refuses to pay I'm throwing a bucket of dirt on their car, yes I can undo my work 😂
So you think a person or group of people who worked hard for years to build a business should pay more taxes than someone, for example, that plays a sport for a living and earns millions?
I emphasize more, a company of hard working people that potentially employs hundreds or thousands to pay more taxes than an individual who does something enjoyable like a sport or acting and employs very almost no one
For an example I'm going to use baseball when it comes to sports
When you play baseball for a living you start out as a kid yes a child and you have to be playing baseball from a young age and doing so consistently because otherwise you're not likely to get spotted for a team and getting spotted is only the first step
Then you're going to have to have training which can take a long time and most professional baseball players don't even make it to the major leagues and spend most of their life not making much money it's a high-risk job because you're not even sure if you're going to make it it is a Gamble and it is competitive to get to the top no it's competitive just to get recognizable for a short amount of time
You spend years training and you spend years working and then after all of that you'll probably get injured a few times and you'll have to pay medical bills and all these other things sure do they have plenty of money afterwards yeah but it's also well earned money because let's face it just to get in the lower end of the Major leagues takes a lot of sacrifice
And this is baseball which is a relatively low intensity sport now think about something like soccer or football or rugby
I can't even imagine the medical bills those guys must go through plus the training and the physical therapy and all this other stuff like geez dude and let's not forget just for you to stay in the game you have to be practicing all year round and not just when the sports are up
And even then you're going to be a little rusty cuz you're not going to be practicing with actual major league players you're going to be practicing as a substitute PE teacher or something like that
And acting is in much of the same thing takes years is a Gamble most of the people don't make it and the people who do make it a lot of them started out living in a trailer or not even that some of them lived in a truck and have spent years perfecting the craft to get where they are now
Some actors get injured somewhat frequently because they do their own stunts
Some actors like the guy who plays wharf have to sit around for literally like 4 hours as someone does make up for them and they are sitting as still as they possibly can there isn't much fun going on for 4 hours while someone does makeup and this man would have to do it almost every day to film a Star Trek episode
Do you even have the patience to sit still for 4 hours without doing anything just basically staring at a wall?
You're saying fun and easy when in fact it's actually a tedious long road that you're ignorant to because you don't even think about it you just think it's funny it's a glamorous job they're famous and whatever when it takes a lot of work it takes time sacrifice sometimes even literal blood and sweat well definitely literal sweat but maybe even literal blood too and that's just to get your foot through the door and then there's all that comes afterwards
And then there's people like you who think that it's easy when it's really not
That's like saying YouTubers have the easiest job and the whole entire world
Fact is YouTubers rarely ever make it famous and rarely make it rich the ones who do got lucky and have months or even years perfecting their craft and even then that success is probably temporary
And then to stack on to that YouTube keeps on kicking off a whole bunch of their YouTubers for political reasons and other reasons as well it's not a safe job it's a job that takes dedication and it's a job that might not last you might not have that job for long it's a Gamble and it is a big game because it is also your means of income
You're speaking lightly about people who have to gamble their income people who have to gamble their very livelihood in hopes of getting their foot through the door
Most YouTubers most actors most sports players spend their early career as a starving artist or going to college
A friend of mine years his regular monthly income from the covernment, while working a regular day job in metalworking and investing it into rentals, has 3 paid off already.
Study the law and options around you, nobody won't just give it to you.
I don't the exact right percent, but the rich pay too much. The top 10% pay like 80% of all taxes. Everyone needs to pay at least 10% to get some skin in the game
They should pay just sales tax. More shit they buy more tax they pay. If they save and invest they should be rewarded with no tax due on that activity.
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Anonymous
(36-45)
+1 y
People, as in individuals, shouldn't be paying taxes on their wages. Taxes in this country were meant to be taken from business transactions and used to benefit the people.
Wtf you talking about? Uber rich don't even pay taxes . And yes they should. Or else they be hoarding money. And wasting it lol
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Anonymous
(18-24)
+1 y
They're not fixed percentages, it's a progressive tax.
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Anonymous
(45 Plus)
+1 y
I think maybe everybody should just pay 10% and then we don’t need accountants to figure that out and everybody pays their fair share, no loopholes or tax breaks everybody pays the same
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