All this talk about how much the rich can "AFFORD" to pay in taxes | Page 3 | TigerDroppings.com

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ClydeFrog
Oklahoma Fan
Kansas
Member since Jul 2012
3025 posts

re: All this talk about how much the rich can "AFFORD" to pay in taxes


Why do you use millions of dollars in your example when most people who will be affected by this tax increase are not millionaires?

$250,000 is rich to this administration. Tell that to a family living in the more expensive cities where these salaries are more likely.






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Oyster
LSU Fan
North Shore
Member since Feb 2009
7329 posts

re: All this talk about how much the rich can "AFFORD" to pay in taxes


Raising income tax alone on the wealth 2% probably isn't the end of the world. The problem comes as the wealth are also getting increases on other taxes too. State, local, property, occupational licenses, business licenses, regulatory fees,cost of compliance with every increasing government regulation etc etc. Raising taxes isn't a very unique idea to the Feds. Over 60% of the money that comes into my business goes back to the government in one way or another. Then I still have expenses. Next year it will cost me $65,000 for a new computer system to become compliant with EHR requirements.

The main issue with all this current BS is that the wealth tax increase only addresses 10%-15% of the revenue short fall.



This post was edited on 12/2 at 10:30 am


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ShortyRob
LSU Fan
Huntsville, AL
Member since Oct 2008
27583 posts

re: All this talk about how much the rich can "AFFORD" to pay in taxes


quote:

You were I believe making the argument that money taxed from the rich and spent by the government had less benefit for the middle class than that money being spent in the private sector
Yep.

quote:

If this were the case, hitting them with a high tax rate would be illogical.
I assume you mean hitting the rich with a high rate would be illogical? Not sure.

By the way. I'm not only saying that money taken in taxes from the rich hits back at a less than 1:1 rate. ALL taxes return at less than a 1:1 rate. This is self explanatory due to the additional adminstrative costs associated with the multiple levels of transfer before it returns.






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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
23359 posts

re: All this talk about how much the rich can "AFFORD" to pay in taxes


quote:

How is a dollar spent in the private sector worth more than one spent in the public sector?
Simple. That Public decor dollar had to come from the private sector. It may benefit the person that receives it, but it's harmed the Person that's surrendered it. Its the equivalent of takin a dollar out of your right pocket and putting it in your left pocket and claiming you've earned a dollar.






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Aristo
LSU Fan
Baton Rouge
Member since Jan 2007
2843 posts

re: All this talk about how much the rich can "AFFORD" to pay in taxes


I still want to know why they think $250,000.00 is considered rich for a household income.





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DownshiftAndFloorIt
LSU Fan
The devil dreams on an idle horse
Member since Jan 2011
41345 posts

re: All this talk about how much the rich can "AFFORD" to pay in taxes


quote:

$250,000 is rich to this administration.


That's bull shite.

With the current cost of living, $250,000 is hardly enough for you to be large-living wall street fat cat like the idiots have been led to believe.






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Diamondawg
Mississippi St. Fan
Mississippi
Member since Oct 2006
11454 posts

re: All this talk about how much the rich can "AFFORD" to pay in taxes


quote:

I guess these guys are economic idiots too. Study on top tax rates.

Did you read this in the opening paragraph?

quote:

Income tax rates have been at the center of recent policy debates over taxes. Some policymakers have argued that raising tax rates, especially on higher income taxpayers, to increase tax revenues is part of the solution for long-term debt reduction.
Can you explain to me how raising taxes on the rich to the tune of $80B/year reduce the long term debt?






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Lsupimp
LSU Fan
Rent free;Liberal Brains everywhere
Member since Nov 2003
31802 posts

re: All this talk about how much the rich can "AFFORD" to pay in taxes


quote:

I still want to know why they think $250,000.00 is considered rich for a household income
That is two people working and each making $60 an hour.
The WORKERS toil for what...8 or 9 bucks an hour ?
250k is OBSCENELY greedy, especially on the back of The Workers.
How can The State meet her obligations if her wealth is hoarded by the ultra-rich?
There should be a maximum cap on income.
I would think at about 75k per person.
A 100% social justice tax should apply thereafter.
Forward !






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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
23359 posts

re: All this talk about how much the rich can "AFFORD" to pay in taxes



quote:

I still want to know why they think $250,000.00 is considered rich for a household income.


Here's your aswer. Collectively, "The rich" don't have all that much money to tax. The middle class and "poor" have more. Greedy bastards!







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mograyback
Missouri Fan
Member since Jul 2011
7102 posts

re: All this talk about how much the rich can "AFFORD" to pay in taxes


This thread is a crock of shite.







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