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If the Republicans don't want to maintain the tax cuts for the middle class only, then let everyone's tax go up! I'm tired of rich people not paying their fair share. It may cost me an extra few hundred, but it will cost them 50K.

jimmydanger wrote:If the Republicans don't want to maintain the tax cuts for the middle class only, then let everyone's tax go up! I'm tired of rich people not paying their fair share. It may cost me an extra few hundred, but it will cost them 50K.

I'm all for a "fair" tax code
But, even with a fair tax code.
You cannot tax & spend your way to economic stability.
Nor can you expect forty percent of the adult population to support the other 60 percent.
That is where we are headed with entitlements and illegal workers.
It can only end in disaster.

Storms coming ...


P.S. To the globalist ... you are the " rich ".

Obama will cave on this because he wants unemployment benefits extended for the 2 million people eligible to get them. The idea that the rich create jobs is a myth, tax the crap out of them!

cut off your own nose to spite your face, not mine. i have a family to support.

The people who pay the other people are - of course - richer, and can afford to pay you.
Most of those 'rich' folks run the smaller business, and are struggling.
Make it too expensive to run a business - and it folds.
And YOU are out of a job.
If you don't believe me, then study econimics.
.
Most Americans have no clue as to how economics really works.
.
What angers me is how the money is spent . . . most of it is NOT spent on what we, the people, want it to be spent on.
The individual Senators and Representatives invest our money in their own personal little fiefdoms, to make themselves more popular at home, so that they'll get re-elected.

Fine, raise the threshold a little, say $500K. But why should Bill Gates and Steven Jobs get millions in breaks?

the top 2% make 28% of all new income
the top .4 make 18% of ALL new income.

They are taking most of the money from the economy.
entitlements are a pittance of our expenditures.
politicians are funneling the money to them and getting rich rewards in return...

Tax the fu@k out of em... no, but tax them appropriately and relive the rest of us of the tax burden; lower taxes create more wealth... but is wealth really what it's all about?

500K ?

You think making 500K a year makes you rich in the grand scheme?

That top one percent would laugh at that.
Hell they are renting homes in the Hamptons that they pay that much for in a month.

Oh and they are DEMOCRATS for the most part demographically.

Keep investing in class war instead of looking for justice.

Storms coming ...

I never said $500K a year makes you rich, although it's a lot more money than any of us make. I just said that I would be for allowing the the cutoff to be raised to 500K. If you make more than that than do your duty and pay your fair share.

jimmydanger wrote:I never said $500K a year makes you rich, although it's a lot more money than any of us make. I just said that I would be for allowing the the cutoff to be raised to 500K. If you make more than that than do your duty and pay your fair share.

I can see that Jimmy. I forget the exact statistics, but as I recall the nations top twenty percent of wage earners are carrying eighty percent of the tax burden now. Or something similar.
I have a cousin who pays millions in state and federal taxes each year.
And he was born working class just like me.
I cant see how that is fair.

My point I guess is this whole argument is senseless to me.
The Tax Code is broken.
To do anything in congress other than change it to a flat rate ten cents on the dollar with no loop holes ( that includes churches, foundations and all other "tax free entities" ) or a universal sales tax. Is pointless.

Instead of arguing over whom should pay more we should be insisting that EVERYONE pays the same.
That is justice.

The top 10% of wage earners in the U.S. make roughly double what the bottom 90% makes, yet the taxes they pay averages only 17%, which is no different than the rate people like you and me pay. I think it's fair to ask these people to pay more. Please see this link for more info: http://www.quickanded.com/2010/02/effec ... icans.html

jimmydanger wrote:The top 10% of wage earners in the U.S. make roughly double what the bottom 90% makes, yet the taxes they pay averages only 17%, which is no different than the rate people like you and me pay. I think it's fair to ask these people to pay more. Please see this link for more info: http://www.quickanded.com/2010/02/effec ... icans.html

I doubt if those figure account for the various loopholes / deductions that foundations and the most wealthy of Americans use to avoid taxation.

I contend that there is no justice in taking a higher percentage from anyone.
Paying and equal percentage per dollar earned ( or via sales tax as I often allude too ) is just.

If all you earn is a dollar you owe a dime.
If you earn a hundred dollars, you owe a dollar.

That is just.
Nothing short of equal treatment under the law is just IMO.

sanshouheil wrote:If all you earn is a dollar you owe a dime.
If you earn a hundred dollars, you owe a dollar.

That is just.
Nothing short of equal treatment under the law is just IMO.

+1

too much class envy in the world. mind your own financial affairs - stop crying over what Bill Gates makes.

btw, Bill Gates is responsible for saving the lives of thousands of people.
He has given away millions of dollars to buy food for poor folks in Africa and other areas . . .
.
Just thought you should know . . .

RhythmMan wrote:btw, Bill Gates is responsible for saving the lives of thousands of people.
He has given away millions of dollars to buy food for poor folks in Africa and other areas . . .
.
Just thought you should know . . .

Yeah, with none of the overhead.Great point Rhythm Man. One that is so quickly missed.