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udtiger 
LSU Fan
Louisiana
Member since Nov 2006
17990 posts
| The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 10:53 am)
Will the 47% be placated by JUST raising the rates for "them," (including cap gains and dividends [we'll ignore how this will decimate investment for the moment])?
Should "they" still get home mortgage interest deduction?
Should "they" be able to invest in muni bonds tax free?
Should 'they" be able to contribute to a 529 education account?
Should "they" be able to take deductions related to investment losses?
In other words, should "they" be entitled to any favorable tax treatment, or should every single dollar "they" have, from whatever source, be subject to taxation?
Just trying to figure out the "limits" here, if any.
ETA: In response to Powerman, "they"/"them" = the "rich"
This post was edited on 11/24 at 11:14 am
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:02 am to udtiger)
It's unclear whether you are referring to the 47% or the rich when you say "they" here
I think one thing that needs to be done is place a cap on the itemized deductions
ETA I mean lower the cap on itemized deductions
This post was edited on 11/24 at 11:03 am
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Reubaltaich 
USA Fan
A nation under duress
Member since Jun 2006
1767 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:05 am to udtiger)
Yancy, barry & Hairy Weed want to raise taxes on those eee'ville wich folwkes.
Its gonna cut the deficit in 'half' and we will have the national debt paid off within 5 years.
Unicorns & Skittles for everyone. 
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Cold Pizza 
Ohio State Fan
Member since Sep 2011
7639 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:05 am to udtiger)
All of the above or your racest.
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Rex
LSU Fan
Here, there, and nowhere
Member since Sep 2004
47451 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:05 am to udtiger)
What's fair is that which is decided democratically.
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DapperDan
LSU Fan
Member since Jul 2012
1226 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:08 am to Rex)
quote:
What's fair is that which is decided democratically.
really? I bet I could post some democratically decided things you most certainly think are not fair.
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Rex
LSU Fan
Here, there, and nowhere
Member since Sep 2004
47451 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:11 am to DapperDan)
quote:
I bet I could post some democratically decided things you most certainly think are not fair.
What's fair is that I get to choose those things which are subject to my own test of fairness.
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thetempleowl
Temple Fan
dallas, tx
Member since Jul 2008
9906 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:11 am to Rex)
quote:
What's fair is that which is decided democratically.
Sorry, that doesn't hold water. The majority rules does not protect the minority.
Do you think gays should marry? Were you in favor of cali overturning prop 8? Do you feel civil rights should be a nationally enforced thing?
The majority is not always right.
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DapperDan
LSU Fan
Member since Jul 2012
1226 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:13 am to Rex)
quote:
What's fair is that I get to choose those things which are subject to my own test of fairness.
 best poster on here.
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LSUwag
LSU Fan
Orlandeaux
Member since Jan 2007
5076 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:15 am to Rex)
quote:
What's fair is that which is decided democratically
Answer his question, Rex.
How much should the wealthy be taxed? This is an honest question that nobody seems to be willing to answer.
For that matter, define 'rich'.
This post was edited on 11/24 at 11:29 am
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Rex
LSU Fan
Here, there, and nowhere
Member since Sep 2004
47451 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:20 am to LSUwag)
quote:
How much should the wealthy be taxes?
For starters, see my discussion on taxing capital gains at ordinary income tax rates.
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Jbird 
Iowa Fan
Odramaville with EthanL
Member since Oct 2012
4870 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:23 am to LSUwag)
For that matter, define 'rich'.
Easy anyone who has a dime more than dogboy. 
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EST
LSU Fan
Investigating
Member since Oct 2003
10882 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:24 am to udtiger)
Flat tax: 10% of income for all. No exceptions.
And that is all the government gets. If its not enough (in their minds) well, thats just too bad.
Amazing how simple the solution is.
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udtiger
LSU Fan
Louisiana
Member since Nov 2006
17990 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:25 am to EST)
quote:
Flat tax: 10% of income for all. No exceptions.
And that is all the government gets. If its not enough (in their minds) well, thats just too bad.
Amazing how simple the solution is.
Thanks, but I was asking the members/representatives of the 47%. They are the ones demanding the "rich" pay their "fair share."
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DapperDan
LSU Fan
Member since Jul 2012
1226 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:26 am to Rex)
quote:
taxing capital gains at ordinary income tax rates
you think this will affect the rich or the middle class more?
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Rex
LSU Fan
Here, there, and nowhere
Member since Sep 2004
47451 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:26 am to EST)
quote:
Flat tax: 10% of income for all.
Dream on.
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LSUwag
LSU Fan
Orlandeaux
Member since Jan 2007
5076 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:28 am to Rex)
Thanks for not answering the question.
If the 'rich' do sees a tax increase, will the Liberals end their war on the wealthy and finally agree that they are contributing their fair share?
What will the Democrats do then as the deficit continued to grow and at a faster rate since the GDP and tax revenues will fall?
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Rex
LSU Fan
Here, there, and nowhere
Member since Sep 2004
47451 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:28 am to DapperDan)
quote:
you think this will affect the rich or the middle class more?
The rich, obviously. I think it's absurd that Mitt Romney's taxes are capped at 15% while a WORKER is capped at 35%.
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EST
LSU Fan
Investigating
Member since Oct 2003
10882 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:28 am to Rex)
quote:
Dream on.
Hey, its perfectly fair.
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NC_Tigah
LSU Fan
Member since Sep 2003
40104 posts
| re: The "rich" need to pay their "fair share"! How, exactly? (Posted on 11/24/12 at 11:29 am to Rex)
quote:
For starters, see my discussion on taxing capital gains at ordinary income tax rates.
I missed the thread, Rex.
What estimated revenue would that raise?
Any expected detriment through impact on market volatility?
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