A fair tax rate

[The Architect Of Fate]

Again... I don't give a furry monkey's dirty asscrack what you think Sylvia.

You don't care but you keep responding 

And again nice counter argument 

[vulcanlogician]

As a poor person with an income, I'd rather be a wealthy person with no income.

Same here...

But I' d hate to get taxed into poverty....

Think about this -


If a wealth tax was a one time deal - that would be fine.


But to tax a person' s wealth EVERY YEAR?

How would you like to be taxed on your income every year for every year you had income?


It' s the same thing - compounding tax upon tax....


Doesn' t sound fair to me.

I see your point. But then again, it's bullshit how actual income can somehow not count as income for the very rich. 

I mean, property tax works like the proposed "wealth tax." And, as you argue, you can lose income by owning a bunch of high-value land that doesn't make you money. My mom's property tax on her farm hits her pretty hard some years. (She's retired on a fixed income.)

One way you could mitigate the factor of "wealth tax" taxing you into poverty would be to make it progressive and cap it at like $200,000. So that if you don't own more than $200,000 in taxable wealth you don't pay wealth tax. (You just pay income tax, property tax etc.) $200,000 is more than anyone should need. So if it stops there, you aren't "taxing them into poverty." You're "taxing them into normalcy."

[onlinebiker]

It's not about need.

It' s about being fair.

If someone works hard and earns a fortune - or creates something that sells huge - or if they are just damned lucky - why ahould we have the right to take what is theirs?

Lucky Indians - they've got this whole continent to themselves - we better take it away from them and give it to someone else..... [ /smartass example  ]

Answer we don' t have that right. Pretending we do is the very definition of theft.

[vulcanlogician]

It's not about need.

It' s about being fair.

If someone works hard and earns a fortune - or creates something that sells huge - or if they are just damned lucky - why ahould we have the right to take what is theirs?

Lucky Indians - they've got this whole continent to themselves - we better take it away from them and give it to someone else..... [ /smartass example  ]

Answer we don' t have that right. Pretending we do is the very definition of theft.

I don't think it qualifies as theft. If I win the lottery, I'm pretty well aware that I'll be bumped up a few tax brackets. Fine with me. I won't feel "stolen from."

I make very little money these days. Every dollar counts. But there was a time in my life when I lived in a very expensive apartment and made quite a bit of money. I got taxed a lot. But i didn't mind it. I had a lot. I was fine giving a huge ass percentage of my paycheck to help the rest of the society around me. (And, just between you and me, the rest of society --road workers, emts, etc.) are what made my super cushy, well-paying job possible in the first place.

If someone wants to keep the entire billion dollars he has (tax free), let him go live on a desert island... where all that fucking money will do him zero good. Once he realizes that it is everyone else around him that actually gives that money value, then he can come back and live with us.

[The Architect Of Fate]

It's not about need.

It' s about being fair.

If someone works hard and earns a fortune - or creates something that sells huge - or if they are just damned lucky - why ahould we have the right to take what is theirs?

Lucky Indians - they've got this whole continent to themselves - we better take it away from them and give it to someone else..... [ /smartass example  ]

Answer we don' t have that right. Pretending we do is the very definition of theft.

I don't think it qualifies as theft. If I win the lottery, I'm pretty well aware that I'll be bumped up a few tax brackets. Fine with me. I won't feel "stolen from."

I make very little money these days. Every dollar counts. But there was a time in my life when I lived in a very expensive apartment and made quite a bit of money. I got taxed a lot. But i didn't mind it. I had a lot. I was fine giving a huge ass percentage of my paycheck to help the rest of the society around me. (And, just between you and me, the rest of society --road workers, emts, etc.) are what made my super cushy, well-paying job possible in the first place.

If someone wants to keep the entire billion dollars he has (tax free), let him go live on a desert island... where all that fucking money will do him zero good. Once he realizes that it is everyone else around him that actually gives that money value, then he can come back and live with us.

Is he honestly comparing making Billionaires pay their fair share of taxes to stealing from the Native Americans? And no Taxes are no remotely theft by any definition. Taxes are your toll for living in a society

[Spongebob]

Part of the difficulty with getting the rich to pay their fair share is that they are often compensated in ways that don’t qualify as ‘income’. A ‘wealth tax’ wouldn’t be the worst idea.

Boru

Unless you are a wealthy person with no income - then it is the WORST of ideas - and quite unfair.

I think a wealth tax is generally based on your net worth instead of income.  It's something that was used in the past but has not been seriously considered for some time.  Of course, once again, the wealthy go to great effort to hide much of their wealth, so it mostly renders this approach as pointless.  It's astonishing that most of us toil away for a comfortable living while a small percentage of people get so wealthy that they can pay to have their actual net worth hidden.

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Same here...

But I' d hate to get taxed into poverty....

Think about this -


If a wealth tax was a one time deal - that would be fine.


But to tax a person' s wealth EVERY YEAR?

How would you like to be taxed on your income every year for every year you had income?


It' s the same thing - compounding tax upon tax....


Doesn' t sound fair to me.

A lot of people view property tax this way.  You buy a property once, but pay taxes on it every year.  And if you sell it and make a profit, you pay tax on the profit.  That's a lot of tax.

What no one has mentioned on this thread is the idea of eliminating all forms of income tax and going to all sales tax.  This has been proposed but hasn't gotten anywhere.  I don't really have a solid opinion on the matter.  In some ways it seems more fair but I also see the potential for loop holes just like we have now.

[BrianSoddingBoru4]

It's not about need.

It' s about being fair.

If someone works hard and earns a fortune - or creates something that sells huge - or if they are just damned lucky - why ahould we have the right to take what is theirs?

Lucky Indians - they've got this whole continent to themselves - we better take it away from them and give it to someone else..... [ /smartass example  ]

Answer we don' t have that right. Pretending we do is the very definition of theft.

Taxation only equates to theft if you get nothing in return. Schools, roads, utility networks, cops, the military, social programmes, government pensions, farm subsidies, national parks, museums, public transport, mail service…how does paying for these things qualify as theft?

Boru

[Spongebob]

OK, let's be honest here.  Absolutely no one gets taxed into poverty; that's not a thing.  Those with high incomes get taxed more because they can pay more, but then they return the favor by hiding their income, so they actually get taxed less.  The wealthy pay a far lower percentage of their income in taxes than the middle class, who basically have no way to hide income.  And tax is not theft.  We live in a civilization that requires infrastructure.  Without it, our civilization doesn't work very well.  The rich use that infrastructure to a higher degree than the poor and middle class.  Companies need roads and bridges and high speed Internet and they need healthy workers.  This has always been the case in the civilized world; nothing has changed.

[onlinebiker]

It's not about need.

It' s about being fair.

If someone works hard and earns a fortune - or creates something that sells huge - or if they are just damned lucky - why ahould we have the right to take what is theirs?

Lucky Indians - they've got this whole continent to themselves - we better take it away from them and give it to someone else..... [ /smartass example  ]

Answer we don' t have that right. Pretending we do is the very definition of theft.

Taxation only equates to theft if you get nothing in return. Schools, roads, utility networks, cops, the military, social programmes, government pensions, farm subsidies, national parks, museums, public transport, mail service…how does paying for these things qualify as theft?

Boru

Ok. I'll go along.

When you start paying tax on your bank accounts.


It' s the same thing.

And you get to still pay income tax.

It' s exactly the same.


Thinking of it - you already HAVE a wealth tax.

If you are wealthy - with no income - you have to pay taxes on your INTEREST the bank pays you if you accrue enough.

Want fair?


EVERYONE needs to start paying. Got a $5000 nest egg? Did you make $30 off of it? Give the tax man half.


You wealthy prick - you.....

[The Architect Of Fate]

And just when I think your comments can't get any more ignorant or more misanthropic you find some new way to go even lower. 

---

It's not about need.

It' s about being fair.

If someone works hard and earns a fortune - or creates something that sells huge - or if they are just damned lucky - why ahould we have the right to take what is theirs?

Lucky Indians - they've got this whole continent to themselves - we better take it away from them and give it to someone else..... [ /smartass example  ]

Answer we don' t have that right. Pretending we do is the very definition of theft.

Taxation only equates to theft if you get nothing in return. Schools, roads, utility networks, cops, the military, social programmes, government pensions, farm subsidies, national parks, museums, public transport, mail service…how does paying for these things qualify as theft?

Boru

He's honestly trying to argue that money in anyone's bank account is equal to the wealth of billionaires and that's somehow theft, And thought his comparison to stealing land from the Native Americans was a bad comparison.

---

OK, let's be honest here.  Absolutely no one gets taxed into poverty; that's not a thing.  Those with high incomes get taxed more because they can pay more, but then they return the favor by hiding their income, so they actually get taxed less.  The wealthy pay a far lower percentage of their income in taxes than the middle class, who basically have no way to hide income.  And tax is not theft.  We live in a civilization that requires infrastructure.  Without it, our civilization doesn't work very well.  The rich use that infrastructure to a higher degree than the poor and middle class.  Companies need roads and bridges and high speed Internet and they need healthy workers.  This has always been the case in the civilized world; nothing has changed.

Of course, they don't. It's just a sob story the rich invent to get out of paying and then loons start screeching about how it's theft with silly analogies