Do you think Billionaires pay their fair share of taxes?

Question

What do you think? Spill your guts!

WindAtMyBack · Accepted Answer

Politician use terms like "fair share" to imply a lie. They never actually say what a "fair share" is. The implied lie is that rich people don't pay taxes, or pay very little taxes. When in truth, they pay a hell of a lot of taxes.

Billionaires are sugar daddy's who buy our stuff for us. They buy our roads, our schools, and our parks. But apparently that is not enough.

Yes, I think billionaires should pay their fair share. But they are already doing it. They are paying MORE that their fair share. But of course the implied lie says otherwise.

The IRS publishes a lot of information on what rich actually pay if anyone bothers to look it up.

I think someone who creates vast numbers of jobs and pays vast amounts of taxes is a good thing. Or maybe someone thinks they could do better. Maybe someone thinks they could create hundreds of thousands of jobs and pay billions in taxes.

How much tax are YOU paying? Are YOU paying billions in taxes? I think Musk was mentioned. He DID pay billions in taxes. Did you?

Miristheiss · Accepted Answer

"Fair"?

Define what you mean? I think the grand totals most people have taken out of their earning is 20 to 35 percent.

What do you personally mean by fair? Do you expect them to pay more than that?

The USA brought in 4.7 TRILLION dollars last year.

Are you saying that isn't enough? That a well run, fiscally responsible government without corruption and waste cannot do its job off of 4.7 TRILLION?

We are still looking for ways to get more money away from those that make it and give it instead to the state?

Is your contention that billionaires don't pay taxes or that you want them to pay higher taxes than everyone else percentage wise?

lilyanony1 · Accepted Answer

Well I think rates are set accordingly to everyone's wage scales.
When governments look at the financial structures when they make increases they should be looking at all wage levels again and increase appropriately to what the needs are of the country.

It doesn't mean taxing them more, it means taxing in a way that allows every working person to contribute to pay off what is required. If there is a deficit then the government are not calculating appropriately.

It's all well and good saying well they earn more and we're always penalising the poor but if it's proven that taxes are being evaded or written off because they are friends. Then no that isn't fair and the government needs a clean sweep because fair is fair.

So as long as taxes, penalties and fines are the same for every working person, and being paid yes billionaires are paying their fair share.

Anonymous · Accepted Answer

It was the rich that bailed America out of the early recession. They felt it was their duty and it worked. You won't find Americans thinking like that anymore. They'll happily sit idly by as people die from lack of nutrition and proper access to healthcare. While counting the tax cuts received from those citizens benefits.

Effably · Answer

Running by the Elon Musk example, Tesla paid 0% of their 21% tax in the US last year and about 0.4% tax globally.

So no. Obviously not. Regardless of where you stand politically the simple reality is that the richer you get, the less of a proportion you pay.

The only way to argue billionaires pay fairly is to swap from a percentage to a fixed sum. Although it should be noted that 0 dollars out of 2 400 000 000 dollars still would not cut it.

Anonymous · Answer

taxing the billionaires could definitely pay off a lot of america's debt, for sure. why do they need this money? what is the damn point? my god, they could donate a small amount to people in need and still be billionaires. they probably wouldn't even notice a difference in their bank account.

Sal_Monella · Answer

50% of citizens pay no federal federal taxes. 10% of earners pay 90% of all federal taxes. When you move up to the top 1% of earners, they pay more than 90% of income taxes. My percentages may vary a little but the pattern is right. Ask the AI machine.

exitseven · Answer

No, they hide it offshore and have shell companies and armies of tax accountants. The people that get screwed are the upper middle class.. They are in a high tax bracket but cannot afford high prices tax attorneys to help them his their money. Then when thi IRS catches them cheating they pay the fine because they are scared whet else could happen.
It is democrat propaganda that Jeff Bezos pays less federal taxes than his secretary. They pay lot but not their fair share.

DJB72 · Answer

At what year's dollar value? Solomon was worth far more than Musk. So was King David.

Wealth is relative. If something happens to shut down electricity production - like letting the ANC run it - then Elon goes bankrupt overnight and anyone who can grow their own food is more valuable.

BadApple69 · Answer

Of course they do. They (for the most part) follow the tax laws which has a lot of loop holes. They would be stupid not to use them. They have the best accountants to do their taxes.

DrPepper12 · Answer

They should not exist. They get to $1 billion that's it. They won the game of capitalism. Give em a trophy. They won. Now TAX THE FUCK OUT OF THEM.

Staximus · Answer

Of course not, they might pay up to 5% of their personal income in taxes while regular people pay a much larger percentage. That 5% is a lot, though. If there was a flat tax regardless of income, the government could afford to give everybody free education, healthcare, house the homeless, etc... But the government would also mismanage the fuck out of that money like they do now.

Joshydavid25 · Answer

They do actually... They pay most of the taxes. But nobody should be paying taxes.. Taxation is theft in my opinion.. And we let the government fool us into thinking otherwise..

ohsheeT · Answer

You and I pay more taxes then billionaire and it's proven fact

Anonymous · Answer

They pay on what doesn't fall into loopholes so they borrow and leverage their shares and don't pay tax on borrowing

If you want a borrowing tax then it has to apply to everyone so your student loans, mortgages, car finance would all be taxed on top of the interest rate

Anonymous · Answer

That Aaron D guy is an idiot. He has blindly bought into the leftists narrative that the rich don't pay their share of taxes. They would LOVE to take Musk's money so they can spend it on their pet government programs.

The reality is that the top 1% richest people in America pay more than 40% of ALL federal income taxes. Think about that. The democrats want to bite the hands that feed them. Most politicians lie, but the democrats have elevated deceit to a new level.

FreyaRed · Answer

We get a nuclear war before 1% pay taxes. Their billions come from taxes the 99% is forced to pay. In brief, extinction of humanity will solve this problem.

avery58 · Answer

Absolutely not. Doesn't Tesla pay exactly 0 taxes? And people still listen to what Elon Musk has to say.

AviatorTom · Answer

Yes I do. Statistics show that the top 10% pay about 60% of the total taxes the IRS collects each year. Less validated data shows the top 1% paying 5% of the total.

Fireguy17 · Answer

Sure, however they have staff who's job it is to keep them from paying any more than they absolutely have to following the law. Not everyone follows the law, some get caught, others dont.

Sunrising · Answer

If the tax people would stop taxing me, they can tax who they please, as far as I am concerned.

Surely · Answer

How do you think that their families became that rich in the first place?
Secondly. If a business reinvests in itself. That is a tax deduction until the business is sold. In most cases.
Who wrote the tax laws?

Lliam · Answer

I support Eisenhower era progressive income tax rates of 95% on top personal income.

OddBeMe · Answer

Nope and they know it. Thus distractions like trans kids

slatyb · Answer

Not at all. We need to repeal the Trump tax cuts, the Bush tax cuts, and the Reagan tax cuts.

glennos89 · Answer

Ofcourse not. They dodge their taxes like no one else does

fish5505_87 · Answer

tricky Question, considering they do pay a lot, but as a percentage compared to the rest of us? I'm not so sure?

Anonymous · Answer

Ahhhh... income envy. It's almost as bad as penis envy.

Anonymous · Answer

many of y'all complaining about billionaires paying taxes don't even pay taxes yourself

TonyMetal___86 · Answer

I believe that the richer you are the more taxes your should pay!

Wiredone · Answer

No i don't think they do. They play with the system so they can pay less taxes

beefcakebradybatson · Answer

But the lemming goobers identify with the greedy overlords.

seeyounexttuesday · Answer

They do. A better question is “why do you think you deserve what other people earned?”

Genie23 · Answer

No, definitely not. Most of them don't.

Danzigdawson · Answer

Shit no. Not by a long fucking shot.

Tamera952 · Answer

Nope not even close. m

Iron_Man · Answer

Nope.. Who is the girl in your picture

RedInnocent69 · Answer

No, statistically they pay proportionately lower

shortster · Answer

The only fair tax is a flat tax.

Pterodon · Answer

They pay the most so yeah

Anonymous · Answer

Some of them so, some of them don't.

Agape93 · Answer

Nope.

Hispanic-Cool-Guy · Answer

Yes.

Bklynbadboy12 · Answer

Hell no!!!

Do you think Billionaires pay their fair share of taxes?

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