nobody wants to touch it

Just come out and say it man, you want the rich to pay more than their fair share.

-Allen

If everyone paid the same tax bracket, that would be fair, but they don't. The mega-rich often pay lower tax rates than the very poorest taxpayers. You think Trump is the only one who pays low/no taxes? And do you think thats fair? I'm not saying it's illegal, but the policies that allow this should change.

And on percentage vs dollar amount, someone who pays 25% on $60K is coughing up $15K. That's a LOT! Not saying it isn't fair, but it's a big chunk of money. Meanwhile, someone makes a million bucks on a stock sale and they pay 20%, so $200K. Is that a lot? Yes. But he's putting less back into the system per dollar earned than the guy who made $60K. How is that fair?

So do you want a flat percentage for all, or not?

This whole tax discussion is a sticking point for me personally.  I'm not a mega-millionaire, but I'm comfortable enough, and see that many options like yours that are being discussed will hit me in my bank account.  I am not in a position to retire, and have many years of long weeks working before I will be able.  But you essentially want to tax ME more.  You know, if it hit those in a position that it really doesn't matter to them, that's one thing.  But it matters to me.

-Allen

I think there is nothing wrong in wanting rich to pay more in taxes - it's a free country after all, and what's fair is very philosophical question, with huge range of good arguments and examples, both in US and abroad (Though I for one think that further distribution is more important).

But on top of rules what's critical is how those rules are implemented and enforced, there are huge number of loopholes, which, accidentally, benefit rich. It could be fascinating to read about Warren Buffet's and Trump's taxes.

Just come out and say it man, you want the rich to pay more than their fair share.

-Allen

If everyone paid the same tax bracket, that would be fair, but they don't. The mega-rich often pay lower tax rates than the very poorest taxpayers. You think Trump is the only one who pays low/no taxes? And do you think thats fair? I'm not saying it's illegal, but the policies that allow this should change.

And on percentage vs dollar amount, someone who pays 25% on $60K is coughing up $15K. That's a LOT! Not saying it isn't fair, but it's a big chunk of money. Meanwhile, someone makes a million bucks on a stock sale and they pay 20%, so $200K. Is that a lot? Yes. But he's putting less back into the system per dollar earned than the guy who made $60K. How is that fair?

NO. He is actually putting more back into the system since the person that bought those stocks is now investing in a companies growth. Why should those that invest in companies to grow the economy pay more?

its not not who needs to or is currently paying more than the others
rich
middle
poor


 now- a new  stronger ,tax payer based,majority, will be used to measure the stuff that gets passed ,the ones who pass stuff are all getting fired too-or the way things are getting done at home and overseas with the taxes paid -that is the thing....that is the deal now... the old machine is getting phased out , driven by t.v and fashion and fad, and it turns out the stupid metro ,unisex, consumer,media and so many  pro washington big wigs and even vegas "got wrong"

its not who pays more-- cause after your at at certain 'rich pt' it dont matter..

it aint WHO pays more

it turned out what mattered was who are there MORE OF, those that are paying ,for the others ,who dont pay at all

he's a rich guy that cheated on his taxes  hahahhahjahhahhahaah

he's a rich guy that cheated on his taxes  hahahhahjahhahhahaah

He did not cheat.

-Allen

NO. He is actually putting more back into the system since the person that bought those stocks is now investing in a companies growth. Why should those that invest in companies to grow the economy pay more?

Umm, everyone invests in the economy. Whether it's long hours at a job, buying goods and services, or buying and selling shares, we are all putting money and labor into the economy.

Furthermore, those that buy shares of a company are not doing it do better the economy. That might be a side effect, but but their real intention is to make money. There's nothing wrong with that, but let's call it what it is.

either did Jordan

NO. He is actually putting more back into the system since the person that bought those stocks is now investing in a companies growth. Why should those that invest in companies to grow the economy pay more?

Umm, everyone invests in the economy. Whether it's long hours at a job, buying goods and services, or buying and selling shares, we are all putting money and labor into the economy.

Furthermore, those that buy shares of a company are not doing it do better the economy. That might be a side effect, but but their real intention is to make money. There's nothing wrong with that, but let's call it what it is.

Everyone works or invest to make money. That has nothing to do with my point and is just straw man. Besides the person working at the company is not taking the same risk as the person that invest in the company nor is he taxed at the same rate.

I ask again; why should the person that risks more be punished for doing so?




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he's a rich guy that cheated on his taxes  hahahhahjahhahhahaah

He did not cheat.

-Allen

I usually don't make such statements, but - you both are wrong.

We just don't know.

Of course, the fact that despite tradition Trump did not show his tax returns does not work in his favor.

BTW, those who are so sure about US institutions, checks and balances - many of them don't have enforcement mechanism and depend on traditions (as in this case with tax returns). It's going to be interesting test...

he's a rich guy that cheated on his taxes  hahahhahjahhahhahaah

He did not cheat.

-Allen

I usually don't make such statements, but - you both are wrong.

We just don't know.

Of course, the fact that despite tradition Trump did not show his tax returns does not work in his favor.

BTW, those who are so sure about US institutions, checks and balances - many of them don't have enforcement mechanism and depend on traditions (as in this case with tax returns). It's going to be interesting test...

Innocent until proven guilty.  God bless America.

-Allen

NO. He is actually putting more back into the system since the person that bought those stocks is now investing in a companies growth. Why should those that invest in companies to grow the economy pay more?

Umm, everyone invests in the economy. Whether it's long hours at a job, buying goods and services, or buying and selling shares, we are all putting money and labor into the economy.

Furthermore, those that buy shares of a company are not doing it do better the economy. That might be a side effect, but but their real intention is to make money. There's nothing wrong with that, but let's call it what it is.

Everyone works or invest to make money. That has nothing to do with my point and is just straw man. Besides the person working at the company is not taking the same risk as the person that invest in the company nor is he taxed at the same rate.

I ask again; why should the person that risks more be punished for doing so?




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why investment income should be taxed more favorable than ordinary income?

(playing a bit of devil's advocate here, i'm very interested in these tax breaks)

he's a rich guy that cheated on his taxes  hahahhahjahhahhahaah

He did not cheat.

-Allen

I usually don't make such statements, but - you both are wrong.

We just don't know.

Of course, the fact that despite tradition Trump did not show his tax returns does not work in his favor.

BTW, those who are so sure about US institutions, checks and balances - many of them don't have enforcement mechanism and depend on traditions (as in this case with tax returns). It's going to be interesting test...

Innocent until proven guilty.  God bless America.

-Allen

presumption of innocence does not automatically mean one have not committed crime.

So do you want a flat percentage for all, or not?

No, I think tax rates are pretty fair for the most part, with lower incomes paying lower percentages. My main gripe is the 20% capital gains loophole which was designed for the rich. After all, the average American makes very little from capital gains. Most is from W-2 or 1099 income. Mega millionaires and billionaires make all their money from capital gains.

This whole tax discussion is a sticking point for me personally.  I'm not a mega-millionaire, but I'm comfortable enough, and see that many options like yours that are being discussed will hit me in my bank account.  I am not in a position to retire, and have many years of long weeks working before I will be able.  But you essentially want to tax ME more.  You know, if it hit those in a position that it really doesn't matter to them, that's one thing.  But it matters to me.

-Allen

You're not the only one that gets hit in the bank account at tax time, you know.
You think that because "it matters" to you that you should get special consideration, that only people with more money than you should pay higher rates, as long as it doesn't matter to them? It's all relative. Everyone feels the pain of paying taxes, and everyone wants more money. Even billionaires feel as though taxes affect them. That's why they hire accountants to find loopholes.

why investment income should be taxed more favorable than ordinary income?

(playing a bit of devil's advocate here, i'm very interested in these tax breaks)

It's a loophole designed to benefit the super rich. They make all their money on capital gains.