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Are the very wealthy paying their share?
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Well their effective tax rate is less than people who make less than them so..."Flutie was better than Kelly, Elway, Esiason and Cunningham." - Ben Kenobi
"I have nothing against Wilson, but he's nowhere near the same calibre of QB as Flutie. Flutie threw for 5k+ yards in the CFL." -Ben Kenobi
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Originally posted by Braindead View PostTax Capital gains (after adjusting for inflation) at the same rates as income tax."Flutie was better than Kelly, Elway, Esiason and Cunningham." - Ben Kenobi
"I have nothing against Wilson, but he's nowhere near the same calibre of QB as Flutie. Flutie threw for 5k+ yards in the CFL." -Ben Kenobi
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Are the very wealthy paying their share?
Of course they aren't. How do you think they got to be wealthy in the first place?Libraries are state sanctioned, so they're technically engaged in privateering. - Felch
I thought we're trying to have a serious discussion? It says serious in the thread title!- Al. B. Sure
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The trouble (imho) isn't necessarily the rate (though I wouldn't mind it going up a small bit) or the capital gains tax, the trouble is all the damn loop holes that the wealthy take advantage of. The more complex the tax code the bigger advantage the wealthy get since they are better able to take advantage of deductions and tax breaks. Eliminate a lot of these (as the deficit commission recommended) and I think things would be a bit more equitable.Captain of Team Apolyton - ISDG 2012
When I was younger I thought curfews were silly, but now as the daughter of a young woman, I appreciate them. - Rah
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I am comfortable removing all the tax deductions for charity/mortgage/etc. I am not sure what all tax deductions exist, I know those are the ones the middle class often gets.
JMJon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.
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Heh... well the deduction for charity is pretty important. That is money going for the good of the poor and of society. Not money going to a bank and a subdivision developer.Captain of Team Apolyton - ISDG 2012
When I was younger I thought curfews were silly, but now as the daughter of a young woman, I appreciate them. - Rah
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Are the very wealthy paying their share?
Pose this question in a way that somebody can answer reasonably and I will consider doing so.
Is this good? I am pretty sure that KH would say that they should pay even less, since it is capital gains which makes the majority of their income.
The fact that you haven't yet internalized the fact that "income" as usually defined is a meaningless measure makes me wonder about your intelligence, your sincerity, or both.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Originally posted by Braindead View PostKrazyhorse can stick his lunatic fringe theories up his ass.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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The government stole five figures from me for a year-long, interest-free loan and I am only now getting it back.
Not sure if this is really related to the topic, but I must vent."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
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