Originally posted by gwydionblack
reply to post by phishyblankwaters
Trust me, there are people out there saying it. Not all, but they are there.
And I agree with you, there are plenty of loopholes in the system that should be remedied. However, as I understand it now, tax brackets in the United States range from 10% for a salary less than 8,500, and up to 35% for a salary $379,150 or greater.
This to me, is wrong as it stands. Perhaps they SHOULD be elegable for the loopholes simply because they are charged more than three times more the lowest taxed.
Why should their tax burden be any more than anyone else? Why shouldn't everyone be paying, say, 25% and call it a day?
Originally posted by Frogs
So, what do we do? I've just made the best decisions I could make for my business. Do we take my wealth and give it to the people I used to employee in the US - or do we change the rules to make it the best business decision to hire in the US again?
Originally posted by phishyblankwaters
reply to post by gwydionblack
Why should the rich be charged any more in taxes, simply because they make more money?
See, that's where you are confused. Tax should be proportionate, and the US tax code allows for tax breaks and loop holes for the extremely wealthy, while not providing any of those breaks for people who actually need them. The IRS has scaled back their corporate tax fraud section and has increased the audits for people of middle or lower class.
Originally posted by wildtimes
So, you DO understand. There is a huge problem when those that have way way WAY more than they could ever need do NOTHING to help those who are starving and homeless and unemployed.
Their greed leads them to hire slave-wage workers in developing countries rather than their own country-men. They line the pockets of the lawmakers so that they get away with "cheating" the system. They are not held accountable for their insider trading (for that matter neither are the lawmakers who heads-up them on what laws will be passed) and evasion.
The fair system would be a flat tax -- but not 25%, that's too much. 15%.
Originally posted by jjkenobi
You are assuming the "rich" are actually paying the full percentage now. I am not going to link to any solid data but I think we can all agree the rich are NOT paying the full percentages and are using loopholes and accounting tricks to pay LESS. In some cases much much less. So in actuality 12% may be MORE than what the rich are able to get out of paying in taxes in some cases.
Originally posted by jjkenobi
As for the poor people paying more.. well.. the way I look at it do they use roads? Do they use public education? Do they get protected by the US military? Do they get police/fire protection? I'm fine with them paying a small percentage of whatever they make. EVERYONE HAS TO CHIP IN no matter how large or small. The beauty of America is there is nothing stopping you from making more of yourself if you want it. I grew up poor ($30k/year for a family of 6), I loaned 100% of my college education, worked part time while I attended, and now I enjoy a comfortable life. I don't understand what is stopping anyone from doing this IF THEY WANT IT.
AND who are we to tell anyone they need to help. Helping is a personal choice.
Be careful when you suggest an amount that is too much....we see Obama wanted to set it at anything over 250k...that can easily be 50k too.
Churchill: Madam, would you sleep with me for five million pounds?
Socialite: My goodness, Mr. Churchill… Well, I suppose… we would have to discuss terms, of course…
Churchill: Would you sleep with me for five pounds?
Socialite: Mr. Churchill, what kind of woman do you think I am?!
Churchill: Madam, we’ve already established that. Now we are haggling about the price.
In my opinion, our society is such that people put pride above needs and as a result, they will say they cannot find work because nobody's hiring them for their desired job and they haven't bothered to look at other sources of income that they deem beneath them.
I hear many people on ATS, around the globe, and in the Occupy Wall Street movements advocate more taxes for the rich and some even go so far as to say a "redistribution of wealth". I struggle to find where the belief in this comes from. Does it only come from people who don't have wealth or is it more wide spread?