The Rich pay more then their fair share in taxes.

Max E. · Apr 11, 2012

Or you and your commie buddies could move to cuba so that everyone can make the same amount.... zero....

Quote from futurecurrents:

I heard that in Somalia there are no taxes at all. Perhaps some of these folks should go there and make all the money they want, without the bother of taxes.

Mercor · Apr 12, 2012

Quote from futurecurrents:

Mitt Romney pays the same rate as someone making 15k a year.

Yeah, that's fair.

Romney made 330k in wages. He paid the maximum tax rate on that income.

Banjo · Apr 12, 2012

http://bit.ly/HFoZ1r

Scataphagos · Apr 12, 2012

Quote from PHOENIX TRADING:

"... It would hurt current and near retirees .(Since they have already paid the bulk of their lifetime taxes on earned income) IOW they essentially will get double taxed. I'm not sure how to prevent this problem.

There isn't any way to make major structural changes in tax collection without SOMEBODY getting unfairly hosed. Nevertheless, changes should be made for the general good and for posterity.

PHOENIX TRADING · Apr 12, 2012

Quote from Scataphagos:

There isn't any way to make major structural changes in tax collection without SOMEBODY getting unfairly hosed. Nevertheless, changes should be made for the general good and for posterity.

I agree it's just that seniors more than any other voting demographic are more monolithic in their voting habits on issues like this than any other group.

futurecurrents · Apr 12, 2012

Quote from Mercor:

Romney made 330k in wages. He paid the maximum tax rate on that income.

Yes but of his total income he only pays around 15%. That's absurd. I don't care how he makes it.

Mercor · Apr 12, 2012

Quote from futurecurrents:

Yes but of his total income he only pays around 15%. That's absurd. I don't care how he makes it.

Do you feel that wages that have no risk of lost should be taxed the same a investment capitol that has risk of total lost.

If the tax rate was the same why would one risk any lost?

BSAM · Apr 13, 2012

Quote from Mercor:

Do you feel that wages that have no risk of lost should be taxed the same a investment capitol that has risk of total lost.

If the tax rate was the same why would one risk any lost?

Actually, if we can ever rid ourselves of such an abundance of bought off whores in our government, there will be no tax on capital gains.

futurecurrents · Apr 13, 2012

Quote from Mercor:

Do you feel that wages that have no risk of lost should be taxed the same a investment capitol that has risk of total lost.

If the tax rate was the same why would one risk any lost?

Because people are greedy and will deal with whatever it takes to make more money.

Mercor · Apr 13, 2012

Quote from futurecurrents:

Because people are greedy and will deal with whatever it takes to make more money.

I would argue that the Government is most greedy and will do whatever it takes to get more money. It will spend all its money and then borrow 60% more and spend that.

At least with greedy people they need to earn money from others on a voluntary basis. The Government can force you to give them money.