Started By
Message

re: Making the Rich pay their Fair Share

Posted on 10/13/24 at 3:40 pm to
Posted by Houag80
Member since Jul 2019
18147 posts
Posted on 10/13/24 at 3:40 pm to
Just another lie.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 10/13/24 at 3:43 pm to
If we closed more loopholes, simplified the tax code, made compliance easier, all of this would save money and generate more revenue. No tax rate adjustments needed
Posted by BBONDS25
Member since Mar 2008
57264 posts
Posted on 10/13/24 at 3:47 pm to
quote:

If we closed more loopholes, simplified the tax code, made compliance easier, all of this would save money and generate more revenue. No tax rate adjustments needed


Loopholes? Which specific “loopholes” are you referring to?
Posted by thelawnwranglers
Member since Sep 2007
42071 posts
Posted on 10/13/24 at 3:48 pm to
It's never articulated what they pay and what they should. Loans on stock holdings should be treated as realization event in terms of tax
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
35632 posts
Posted on 10/13/24 at 4:00 pm to
quote:

Making the Rich pay their Fair Share

The top 10% of earners in the US pay 70% of all taxes collected by the government.

The bottom 40% of earners in the US pay 0% of all taxes collected by the government.

Let's not focus on that, though.
Posted by LSU82BILL
Fort Lauderdale, FL
Member since Sep 2006
10858 posts
Posted on 10/13/24 at 4:25 pm to
It has nothing to do with their fair “share”. Democrats have been pissed off forever that, because capital gains are taxed at a significantly lower rate, the wealthiest Americans pay a much lower “ effective tax rate “. They also know that increasing the capital gains tax reduces the incentive to invest which reduces corporations ability to expand and create jobs, which in turn has a negative effect on the overall economy, interest rates and retirement accounts.“Eat The Rich” is a great way to appeal to middle class voters who have no clue that, not only does it not benefit them, it impacts them negatively.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 10/13/24 at 5:01 pm to
quote:

Loopholes? Which specific “loopholes” are you referring to?
things like carried interest are an example of where it could be plugged and you're mostly hitting hedge fund managers there

In general simplifying the tax code and removing so much incentivization. Given the amount of money America pays just to file taxes, this seems like a wild inefficiency in our society
Posted by L1C4
The Ville
Member since Aug 2017
16177 posts
Posted on 10/13/24 at 5:07 pm to
Should the rich pay their fair share? Sure. I do.

Do the rich take advantage of the tax code? Probably. I would too.
Posted by oldskule
Down South
Member since Mar 2016
23329 posts
Posted on 10/13/24 at 6:13 pm to
This is only for the wealthy conservatives, not liberals....you know the drill.

Do you think George Soros pays his fair share??????

not NO , but frick NO!
Posted by Floyd Dawg
Silver Creek, GA
Member since Jul 2018
4949 posts
Posted on 10/13/24 at 6:20 pm to
quote:

Do you think George Soros pays his fair share??????

not NO , but frick NO!


Trump let the cat out of the bag during his 2016 debate with Hillary. He said something to the effect that she would never change the tax code like she claimed because her big donors used the same deductions she blasted Trump for using.
Posted by Lawyered
The Sip
Member since Oct 2016
37396 posts
Posted on 10/13/24 at 6:23 pm to
An extra 50 billion a year

Woahhhhh that will fix the 32 trillion in debt !!!!!
Posted by FrontlineTiger
Member since Aug 2024
666 posts
Posted on 10/13/24 at 7:20 pm to
Part of her schtick. Haven't heard anyone talk about this but them. Oboo boo must have come up with this brilliant idea. How about $10 for a gallon of milk and a loaf of fricking bread.
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
13193 posts
Posted on 10/13/24 at 7:24 pm to
If the USA took all the personal wealth from so called American billionaires it would not amount to a third of what has been given to the Ukraine slush fund from which the Democratic Party reportedly garnishes back 60 cents on the dollar!
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
80318 posts
Posted on 10/13/24 at 7:33 pm to

Define rich.


Define fair.
Posted by chity
Chicago, Il
Member since Dec 2008
6710 posts
Posted on 10/13/24 at 7:42 pm to
I would rather the rich spend their money on fancy restaurants, yachts, big houses and other rich endeavors. These entities employ thousands of people at good wages.

The alternative is to take that money and support illegal immigrants, high school moms, reperations and other bloated non productive liberal causes.
Posted by Hater Bait
Tuscaloosa & Gulf Shores
Member since Nov 2012
3129 posts
Posted on 10/13/24 at 7:55 pm to
95% of senators R and D are millionaires. When will this fantasy “rich pay fair share” actually happen? I bet never, ever forever.
Posted by Reubaltaich
A nation under duress
Member since Jun 2006
5398 posts
Posted on 10/13/24 at 8:03 pm to
Watching one of the dufus' political ad, they show a photo of Elon Musk with Trump.

I read somewhere that EM paid nearly $28 billion in taxes to the federal government last year.
Posted by mb6355
Member since Apr 2020
228 posts
Posted on 10/13/24 at 8:04 pm to
I would rather the "rich" burn it than give it to this government. Then at least it won't be used to start more wars, import illegals, or another bio-weapon.
Posted by BET
Member since Jul 2024
1390 posts
Posted on 10/13/24 at 9:05 pm to
I never understood the "make the rich pay their fair share(they pay taxes also)". And? The govt wants rich people to pay their dime? Dumb.

For the twillionith time.... "it's their MONEY, why should they pay more taxes than anyone else". Cause they make more? Gtfoh. I swear people are dumb af.
This post was edited on 10/13/24 at 9:06 pm
first pageprev pagePage 2 of 2Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram