Higher Taxes for the Rich?

[NYSandman]

There's a debate going on as to whether special taxes should be levied on the rich, meaning people who have a certain yearly income.

Some politicians want to change the tax system to reflect income more fairly.

In other words, and, these amounts are just an example, someone with a 30,000 yearly income would be taxed, let us say, 10%. However, someone with a 800,000 yearly income would be taxed 16%. This is just an example.

I agree with this. There are some who are paid insane salaries and yet do not contribute more. I'm not trying to say that you don't have to right to be rich and work hard to get it, but guys like baseball players, CEOs and the such, should have a higher burden then the kids working in McDonalds.

We keep hearing how we need money, and yet we have people glomming every penny.

Many politicians are against this, mainly because it would "hurt" their oil friends.

I've never quite understood why people need so much money. Here is my formula. Will this money last me my entire life?

If I had 20 million, I could easily, EASILY make that last until I die. Why do people need to have bank accounts with a billion dollars in them? You will never spend that shit, and there is more than enough to leave to your kids.

I laugh at these baseball players who make 35 mil a year, and then get caught evading taxes! WTF? Why? HOW MUCH MONEY DO YOU WANT?

I think everyone needs to contribute what they can. And, if you're super rich, you should have to contribute more.

Many might say this is unfair, but I also think it's unfair that 90% of our nations money is in the hands of about 10% of the population. That's democracy?

 

[Total Impact]

I think the more you make the more you take and it should start with $40,000 a year that take 10 percent of that and go up according to the pay scale. It only makes sense, if you make a slot of money, then you should have enough money to give to the government without problem. That’s am easy one-sided debated.

 

[Father:_Polley]

they do that in the UK. there's a sliding tax scale where up at a certain amount is taxed 10%, then something like 28% and the anything earned above a certain value gets hit with 40%. that way they can take more off those who earn more.

but i really don't understand why some people should earn so much. over here there's a soccer team which have players on £150000/week. that's more than i will earn in 5 years and i'm going in to a reasonable well paid job, and they earn it per week. i mean, how can one person spend that much. that's a ferrari one week, then save up for 2 months and buy a big house?

 

[Shadowmancer]

Ok do you understand the basics of taxing right. No matter what a person earns their tax is proportionate to their earnings Even if it is say a flat 10% tax rate using your Basic example there NYSandman. A Person earning, and these Numbers I am pulling out of my Arse, $10000 a year. on a 10% tax rate. They lose $1000 a year to taxes where as a person that earns $100000 loses $10000 a year to taxes.

It is directly proportionate to earnings in general its just greed that leads to the Tax Evasion. And Tax Evasion are people that are to stupid to use legal methods to avoid Tax. Tax Avoidance is legal Evasion isn't. Anyway If you complain about Tax cuts for the Rich you don't realize that Rich people pay the majority of the tax that a government local or higher earns.

 

[morrisonc66]

I think they should go ahead with this because of the fact that they shouldn't be exempt from paying the same taxes we do, even if they're making between $250,000-$1,000,000 per year. We work to hard for what little we get, yet the "well-endowed" people are riding our coat-tales and making money off us.

 

[Shocky]

See I never understood this philosophy of doing things. Why is it that we want to tax the people that have got it better then us? Obviously they are rich and they don't need the money. It's the same reasons why I never understood why people bitched about Metallica fighting Napster. Oh, they're greedy, they don't want us to have their songs for free. Of course not, why work for something and not receive royalties from it?

Same applies for the rich. The fact of the matter is, these guys worked harder then most of us ever could have dreamed of. They either worked their way up the company ladder and offered something that no one else did, or they created something that we all sit back and say, damn, why didn't I think of it. The people that are millionaires or millionaires because they earned it, or someone in their past family earned it for them so their family wouldn't have to work again.

I understand the frustration, I really do. I'm average Joe busting my ass working a ton of hours a week for less then what I think I deserve, but that's simply how the world works.

I for one am all for a Flat Sales tax. Get rid of the damn income tax because it's honestly too confusing and just plain ******ed. You have an estimated 12 million illegal immigrants (that's way too conservative in my opinion) not paying taxes. This way, you make sure everyone is paying the same tax for everything. Everything, from food goods to luxury items, is taxed at 30%, but the difference is, you get 100% of your pay check. So the amount of taxes you pay is determined on how much you spend your money. I love this system and this idea. That way, everyone is paying equally and fairly into the system. Everyone should be treated equally, rich or poor. Taxing the rich excessively and giving breaks to the poor, doesn't seem fair and equal to me.

 

[Matt Phoenix]

I will start off with by saying I have no idea of how economics work but I have a little knowledge for paying tax.
Having said that I am also for a flat tax system as I dont think that simply because you earn more you should be penalised by having to pay more to prop up the economy and such.

Here in Oz we are not taxed for the first $6000, but then a sliding scale applies starting at 16% going up to 45% when your pay hits $75,000 i think. Why is it that you earn more by working harder and having more responsibility you should contribute more to tax? I dont think it is fair at all, and it is the rich that pay so much tax that we can afford a free health care system, better roads etc. that we all use, regardless of income.

I earn $39000 a year, so overall I dont pay all that much tax after I apply my deductions but it still gets me annoyed when people say that the rich have it so well off, and when people get up in arms when the rich get tax cuts instead it the people on lower incomes and I despise the term battler when people merely live beyond their means, and I wont even start with the people on welfare and handouts (Fully appreciate that their are people who really need it, put there are alot of people rorting the system.)

Pretty much in summary what I am trying to say is that you should not be penalised by paying more simply because you have worked harder, studied more, or are really good at sports or your chosen field.

but i really don't understand why some people should earn so much. over here there's a soccer team which have players on £150000/week. that's more than i will earn in 5 years and i'm going in to a reasonable well paid job, and they earn it per week. i mean, how can one person spend that much. that's a ferrari one week, then save up for 2 months and buy a big house?

Yes I agree that some people are paid huge amounts of money, but they are very good at their job, and the company that pays them that much hopes that they will contribute the team and therefore increase memberships and overall profit for them

 

[AnthonyMango/NoFate007]

Income tax isn't fair to anybody.

The poor can't make enough money to live, the rich end up paying more actual dollars (not percentage) just for being successful.

I've been saying it for a while, but I don't have any true political connections and I'm not an analyst or anything so there may be flaws in my concept that I just clearly don't see, but my idea is that you TOTALLY get rid of Income Tax, and instead, boost SALES TAX.

Think about it. Who gets punished? GREEDY people.

If someone is in the middle class and struggling to make ends meet, and they have a necessary set of bills, without income tax they can use that money for that which is necessary (for instance, medical expenses). This makes you budget your money. You may want to buy a new TV instead of buying your pills for the month, but guess what, you can't afford it, so now you have to do what's required for survival instead.

Its always annoyed me that there are people that work their asses off, then they get taxed on the OPPORTUNITY (essentially) just to receive any money, and then after they get all the taxes taken out of their income, they spend all of that money towards their other taxes, and now they have no money for food. They need gas in their car, because they need their car to get to work, which they need in order to make money, so that they can give you the money...and you're charging them for being able to pay them.

With a boosted sales tax and no income tax, it requires greedy people that want a brand new car every 2 years to be the ones to stimulate the economy more so than people that are just trying to survive, but at the moment, are being royally fucked out of their money. I'm only 20, and I don't live on my own, so I don't have any real serious expenses, and while I'm not nearly close to rich, I'm not struggling, either. If you make a lot of money, you should be able to choose what you spend that money on. If you want unnecessary things, like a boat when you don't even go fishing, then why not use that extra sales tax in place of some elderly person's Insulin or something? Lol.

That makes it so you're not flat out giving money to the LAZY poor people that never studied or worked hard....you're not just taking money from the rich people that studied their asses off and worked extremely hard for it....and you're not screwing the middle class that are working tiresome jobs just to squeak by. Nobody is rewarded for being the bottom of the rung, nobody is penalized for being the top.

 

[kieran_devlin]

The only thing that should vary is how much outgoings they have. For example obviously a person supporting up to a certain value where it balances out should either get tax reductions or they can claim for shit.

For example a person that earns £40,000 and is a single parent and looks after 3 kids shouldnt pay as much as a person who is single and earns the same.

It should be relative to how much you can pay not how much you earn because it isnt fair.
Another example is a couple might earn both £40,000 a year but both pay the mortgage ect.