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Sophomore
UA Graduate (Year): 2002

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quote:
Originally posted by Groove Thing:
If there are only 2 taxpayers in the country, one of whom makes 100 million dollars a year and the other makes 10,000 dollars a year and the tax rate is 10% for each, is this fair?

10% of 10k is 1k.

10% of 100 million is 10 million.

The guy making 10k now has to live on 9k.

The guy making 100 million now has to live on 90 million.

Somehow, it doesn't seem unfair to me to tax the guy making 100 million 15% and keep the taxes on the 10k guy at 10%. You're taking more of a % from the 100 million guy, but he still has about 9 thousand times more money left over, after taxes, than the guy bringing home 9k.


But that is what we have in our current tax code. The more you make the higher your percentage of tax is. Its called a progressive tax system.

Personally I have no problem with a progressive tax system. The problem I have is the people that think just because a person makes more money then them, then the richer person should pay more than the poorer person. And I mean a lot more as a percentage.

Under the current law a family making more than $357k pays 33% tax rate, while a family making $65K is only taxed 15%.

The richer family is being taxed more than double. Plus when you talk deductions, the deductions make up a higher percentage of the lower income family's income.


"It’s not that I’m scared of Phil Fulmer the football coach. I’m scared of Phil Fulmer the obese food pantry ninja.”
 
Posts: 1294 | Registered: February 05, 2007Reply With QuoteEdit or Delete MessageReport This Post
Freshman
Picture of scbama

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Dito "GI Joe & Bama Boss"


"Win it all in 2009"
 
Posts: 937 | Location: Myrtle Beach, SC | Registered: December 05, 2006Reply With QuoteEdit or Delete MessageReport This Post
Heisman hopeful
UA Graduate (Year): 2004, 2007

Posted Hide Post
quote:
Originally posted by curtiss1:
quote:
Originally posted by Groove Thing:
If there are only 2 taxpayers in the country, one of whom makes 100 million dollars a year and the other makes 10,000 dollars a year and the tax rate is 10% for each, is this fair?

10% of 10k is 1k.

10% of 100 million is 10 million.

The guy making 10k now has to live on 9k.

The guy making 100 million now has to live on 90 million.

Somehow, it doesn't seem unfair to me to tax the guy making 100 million 15% and keep the taxes on the 10k guy at 10%. You're taking more of a % from the 100 million guy, but he still has about 9 thousand times more money left over, after taxes, than the guy bringing home 9k.


So punish the guy who has done very well for himself and give it to the one who has not? Sounds like someone wanting a handout to me.


It's calleda progressive tax rate structure. To tax the same percentage across the board would, in effect, be regressive.

And yes, I think it is the most fair setup. And no, people in the highest bracket are not giving me anything as a handout.
 
Posts: 2357 | Location: MiMo | Registered: November 10, 2006Reply With QuoteEdit or Delete MessageReport This Post
Sophomore

Posted Hide Post
quote:
Originally posted by Groove Thing:
If there are only 2 taxpayers in the country, one of whom makes 100 million dollars a year and the other makes 10,000 dollars a year and the tax rate is 10% for each, is this fair?

10% of 10k is 1k.

10% of 100 million is 10 million.

The guy making 10k now has to live on 9k.

The guy making 100 million now has to live on 90 million.

Somehow, it doesn't seem unfair to me to tax the guy making 100 million 15% and keep the taxes on the 10k guy at 10%. You're taking more of a % from the 100 million guy, but he still has about 9 thousand times more money left over, after taxes, than the guy bringing home 9k.
Pal, you are a SOCIALIST...plain and simple. Admit it! Declare it! Scream it to the world! Don't be ashamed of it!........Now...feeling better?
 
Posts: 1179 | Registered: February 01, 2007Reply With QuoteEdit or Delete MessageReport This Post
Heisman hopeful
Picture of Groove Thing

Posted Hide Post
quote:
Originally posted by curtiss1:
quote:
Originally posted by Groove Thing:
If there are only 2 taxpayers in the country, one of whom makes 100 million dollars a year and the other makes 10,000 dollars a year and the tax rate is 10% for each, is this fair?

10% of 10k is 1k.

10% of 100 million is 10 million.

The guy making 10k now has to live on 9k.

The guy making 100 million now has to live on 90 million.

Somehow, it doesn't seem unfair to me to tax the guy making 100 million 15% and keep the taxes on the 10k guy at 10%. You're taking more of a % from the 100 million guy, but he still has about 9 thousand times more money left over, after taxes, than the guy bringing home 9k.


So punish the guy who has done very well for himself and give it to the one who has not? Sounds like someone wanting a handout to me.


Hmm, asking someone to live on 85 million of their 100 million income per year doesn't sound like punishment.

It does sound like someone wants a handout but it's rich people and they've convinced you (assuming you're not rich) that you're better off by paying more in taxes so that they can get tax cuts. That's what the Reagan and Bush tax cuts have done, shift the burden from the rich onto the middle and lower income brackets.

Handout indeed!
 
Posts: 2656 | Registered: October 25, 2006Reply With QuoteEdit or Delete MessageReport This Post
Heisman hopeful
Picture of Groove Thing

Posted Hide Post
quote:
Originally posted by mhward518:
quote:
Originally posted by Groove Thing:
If there are only 2 taxpayers in the country, one of whom makes 100 million dollars a year and the other makes 10,000 dollars a year and the tax rate is 10% for each, is this fair?

10% of 10k is 1k.

10% of 100 million is 10 million.

The guy making 10k now has to live on 9k.

The guy making 100 million now has to live on 90 million.

Somehow, it doesn't seem unfair to me to tax the guy making 100 million 15% and keep the taxes on the 10k guy at 10%. You're taking more of a % from the 100 million guy, but he still has about 9 thousand times more money left over, after taxes, than the guy bringing home 9k.
Pal, you are a SOCIALIST...plain and simple. Admit it! Declare it! Scream it to the world! Don't be ashamed of it!........Now...feeling better?


So what? We tried the unregulated robber-baron, laissez-faire route for a long time and it didn't work well.
 
Posts: 2656 | Registered: October 25, 2006Reply With QuoteEdit or Delete MessageReport This Post
Heisman hopeful
UA Graduate (Year): 2004, 2007

Posted Hide Post
quote:
Originally posted by mhward518:
quote:
Originally posted by Groove Thing:
If there are only 2 taxpayers in the country, one of whom makes 100 million dollars a year and the other makes 10,000 dollars a year and the tax rate is 10% for each, is this fair?

10% of 10k is 1k.

10% of 100 million is 10 million.

The guy making 10k now has to live on 9k.

The guy making 100 million now has to live on 90 million.

Somehow, it doesn't seem unfair to me to tax the guy making 100 million 15% and keep the taxes on the 10k guy at 10%. You're taking more of a % from the 100 million guy, but he still has about 9 thousand times more money left over, after taxes, than the guy bringing home 9k.
Pal, you are a SOCIALIST...plain and simple. Admit it! Declare it! Scream it to the world! Don't be ashamed of it!........Now...feeling better?


Do you even have a clue as to what socialism is?
 
Posts: 2357 | Location: MiMo | Registered: November 10, 2006Reply With QuoteEdit or Delete MessageReport This Post
Heisman hopeful
Picture of Groove Thing

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quote:
Originally posted by TaterSalad:
quote:
Originally posted by mhward518:
quote:
Originally posted by Groove Thing:
If there are only 2 taxpayers in the country, one of whom makes 100 million dollars a year and the other makes 10,000 dollars a year and the tax rate is 10% for each, is this fair?

10% of 10k is 1k.

10% of 100 million is 10 million.

The guy making 10k now has to live on 9k.

The guy making 100 million now has to live on 90 million.

Somehow, it doesn't seem unfair to me to tax the guy making 100 million 15% and keep the taxes on the 10k guy at 10%. You're taking more of a % from the 100 million guy, but he still has about 9 thousand times more money left over, after taxes, than the guy bringing home 9k.
Pal, you are a SOCIALIST...plain and simple. Admit it! Declare it! Scream it to the world! Don't be ashamed of it!........Now...feeling better?


Do you even have a clue as to what socialism is?


It's something like being a devil worshipper or a pedophile, isn't it? Or maybe freemasonry?
 
Posts: 2656 | Registered: October 25, 2006Reply With QuoteEdit or Delete MessageReport This Post
Sophomore

Posted Hide Post
quote:
Originally posted by TaterSalad:
quote:
Originally posted by mhward518:
quote:
Originally posted by Groove Thing:
If there are only 2 taxpayers in the country, one of whom makes 100 million dollars a year and the other makes 10,000 dollars a year and the tax rate is 10% for each, is this fair?

10% of 10k is 1k.

10% of 100 million is 10 million.

The guy making 10k now has to live on 9k.

The guy making 100 million now has to live on 90 million.

Somehow, it doesn't seem unfair to me to tax the guy making 100 million 15% and keep the taxes on the 10k guy at 10%. You're taking more of a % from the 100 million guy, but he still has about 9 thousand times more money left over, after taxes, than the guy bringing home 9k.
Pal, you are a SOCIALIST...plain and simple. Admit it! Declare it! Scream it to the world! Don't be ashamed of it!........Now...feeling better?


Do you even have a clue as to what socialism is?
Should I have said Democratic Socialist instead? When the government unevenly "procures" the assets of a group of people and redistributes them to other segments of the population who have have not earned them, then that would be considered socialist by most people.
 
Posts: 1179 | Registered: February 01, 2007Reply With QuoteEdit or Delete MessageReport This Post
Walk-on

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That's what the Reagan and Bush tax cuts have done, shift the burden from the rich onto the middle and lower income brackets.

That's the most ridiculous thing I keep hearing from liberals. Low income people do not pay taxes. They pay into SS, State, and Fed but they get back money, especially if they have children. If you remember most people under a 100k or less just got a stimulus check thanks to President Bush. Stop listening to this tired out spin by liberals about Bush and Reagan tax cuts. Tax cuts create jobs and stimulate the economy. DUH!
 
Posts: 17 | Registered: January 03, 2007Reply With QuoteEdit or Delete MessageReport This Post
Heisman hopeful
UA Graduate (Year): 2004, 2007

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Socialism defined

According to merriam-webster, most people would be wrong.
 
Posts: 2357 | Location: MiMo | Registered: November 10, 2006Reply With QuoteEdit or Delete MessageReport This Post
Sophomore

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quote:
Originally posted by TaterSalad:
Socialism defined

According to merriam-webster, most people would be wrong.
So the first definition doesn't endorse mine?....I think so.
 
Posts: 1179 | Registered: February 01, 2007Reply With QuoteEdit or Delete MessageReport This Post
Freshman
Picture of curtiss1

Posted Hide Post
quote:
Originally posted by mhward518:
quote:
Originally posted by TaterSalad:
quote:
Originally posted by mhward518:
quote:
Originally posted by Groove Thing:
If there are only 2 taxpayers in the country, one of whom makes 100 million dollars a year and the other makes 10,000 dollars a year and the tax rate is 10% for each, is this fair?

10% of 10k is 1k.

10% of 100 million is 10 million.

The guy making 10k now has to live on 9k.

The guy making 100 million now has to live on 90 million.

Somehow, it doesn't seem unfair to me to tax the guy making 100 million 15% and keep the taxes on the 10k guy at 10%. You're taking more of a % from the 100 million guy, but he still has about 9 thousand times more money left over, after taxes, than the guy bringing home 9k.
Pal, you are a SOCIALIST...plain and simple. Admit it! Declare it! Scream it to the world! Don't be ashamed of it!........Now...feeling better?


Do you even have a clue as to what socialism is?
Should I have said Democratic Socialist instead? When the government unevenly "procures" the assets of a group of people and redistributes them to other segments of the population who have have not earned them, then that would be considered socialist by most people.


MW - Your missing the point. Groovething, the bleeding heart that he is, agrees that it's okay taking away from people or families that have earned their money so to give it to ones that have not, just so that they feel better about themselves. It doesn't matter that a majority of the wealthy people out there have earned their money the old fashion way with hard work and gambling eveything they have on their dreams. It doesn't matter that they pay so much more $$$ already into the milking system that the democrats have set up. It doesn't even matter that you should strive to live the American dream where anything is possible. The only thing that is important to people like this is that they want to take away something from others that they know they can never earn on their own.

I'm not rich...I've worked for everything I have. But, there is no way that I will every say that it's somebody elses responsibility to give me some of their extra money because they have more than I do.


"No experience; no judgment; no integrity," ... Obama, your president.
 
Posts: 886 | Location: The ATL | Registered: December 04, 2006Reply With QuoteEdit or Delete MessageReport This Post
Five-star prospect

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Hmm, asking someone to live on 85 million of their 100 million income per year doesn't sound like punishment.

It does sound like someone wants a handout but it's rich people and they've convinced you (assuming you're not rich) that you're better off by paying more in taxes so that they can get tax cuts. That's what the Reagan and Bush tax cuts have done, shift the burden from the rich onto the middle and lower income brackets.>>>>>

You don't understand the tax system at all do you. Fact: the upper 10% pay over 75% of the taxes. Here's the problem I have with the upper class paying so much more in taxes than the middle and lower class does, I think they should pay a little more, but why should they be made to pay so much more just because they are willing to work harder and for getting a better education. It's not the big wage earners fault that other Americans aren't willing to put forth the effort to better their own lives. If you aren't satisfied with what you make try doing something to improve it instead of just expecting the ones that are willing to foot the bill for you.

Handout indeed!
 
Posts: 189 | Registered: February 07, 2007Reply With QuoteEdit or Delete MessageReport This Post
Heisman hopeful
UA Graduate (Year): 2004, 2007

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A progressive tax structure = governmental ownership of the means of production and distribution of goods? To say that's a bit of a stretch is, well, a bit of a stretch.
 
Posts: 2357 | Location: MiMo | Registered: November 10, 2006Reply With QuoteEdit or Delete MessageReport This Post