62 percent of Americans want to raise taxes on the wealthy and businesses

#3
#3
How about we do away with the tax code all together and install the flat or fair tax. Keep the money you earn.
 
#4
#4
DEFENDTHISHOUSE said:
How about we do away with the tax code all together and install the flat or fair tax. Keep the money you earn.
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The American people oppose tax increases on the middle and lower clases (see the article above).

They support increasing taxes on the wealthy and big business.
 
#5
#5
Yeah, lets raise the taxes of the ones who create jobs in this country.
What does your buddy Barack The Red support?
 
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#6
#6
The crazy part is, people don't seem to realize that big companies don't pay taxes.

Yes, they file and they send money in, but not like you or me.

Example,
If taxes go up on WalMart, they do not say, 'oh well, i guess our profits will go down, we will just eat this and help everyone.' Taxes are just another business expense. When expenses go up, they find a way to cut costs (lower wages, benefits, less hires, layoffs, less service, etc) and they raise prices where they can. The net results, the company makes a similar after tax profit, employees suffer, customers suffer. But we all feel better because we made 'those greedy corporations pay their fair share.'
 
#7
#7
lawgator1 said:
The American people oppose tax increases on the middle and lower clases (see the article above).

They support increasing taxes on the wealthy and big business.
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And said wealthy and big businesses will pass along the tax increases to the consumer and cut jobs to save money.

Brilliant idea.
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#8
#8
I can never understand why anybody would think taxing the wealthiest portion of society could be a bad thing. I really don't buy the whole "trickle down effect" thing.
 
#9
#9
DMG said:
I can never understand why anybody would think taxing the wealthiest portion of society could be a bad thing. I really don't buy the whole "trickle down effect" thing.
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Because of what I just posted.

You're quite naive if you don't think the tax increase will end up on the lower classes.
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#10
#10
Most Americans want a special congressional committee tasked with drafting a long-term solution to the nation's mounting federal deficits to include tax hikes for the wealthy and businesses and deep cuts in domestic spending, according to a new national survey.

A CNN/ORC International Poll released Wednesday also indicates that the public doesn't want the super committee to propose major changes to Social Security and Medicare or increase taxes on middle class and lower-income Americans.
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percentages on the left based on income levels
555px-Income_groups.jpg

2005_income_distribution.gif


I just no there's a correlation here somewhere... if I could just put my finger on it.

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization.
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#11
#11
DMG said:
I can never understand why anybody would think taxing the wealthiest portion of society could be a bad thing. I really don't buy the whole "trickle down effect" thing.
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All government action is founded upon the barrel of a gun. You get a bill for taxes. If you choose to keep the money you earned, then legal action is started against you. If you refuse to cooperate, then you are arrested. If you choose to not meekly accept your arrest, force will be initiated against you. The initiation of force is always immoral. Taxation is armed robbery. It only adds insult to injury if you steal from me so that you can give it to someone else or spend it on things I find objectional or immoral.

Just because the less well off (we have very few truly poor people in this country, look around the world if you don't believe me) outnumber the well off, that does not give them the right to take their stuff.

In a democracy the majority is the powerful, the minority is the weak. In any context other than government actions, I bet that you would agree that the powerful imposing their will upon the weak is immoral.

There are some reasons why a rational person can oppose tax increases on the rich.

I have more if you want them.
 
#12
#12
Class warfare, not too far off from the British riots. Easiest solution is tax the rich some more. Go after the guy who you know has the money, is a US citizen, made something of himself and provides jobs to others. Full proof plan by the government. They sure aren't going to get that money from the illegals who pay no taxes, or the parasites that live off of society either.
 
#14
#14
DMG said:
I can never understand why anybody would think taxing the wealthiest portion of society could be a bad thing. I really don't buy the whole "trickle down effect" thing.
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You are in the minority on this site.

Communist.
 
#15
#15
People want other people to pay the bills? Who knew?
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#19
#19
It's one thing to raise taxes to increase revenue. However, it shouldn't just be limited to the rich.
 
#20
#20
tvolsfan said:
It's one thing to raise taxes to increase revenue. However, it shouldn't just be limited to the rich.
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Oh it won't be, they'll get in your pocket too. It's a nice diversion to raise taxes on us all. This will affect everyone not just the rich.
 
#21
#21
tvolsfan said:
It's one thing to raise taxes to increase revenue. However, it shouldn't just be limited to the rich.
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Frankly, I'm for maximizing govt revenue, which does require changing the current scheme.

Maybe we should just fire up solver in Excel and raise taxes on everyone until returns diminish. I'd even be for an annual step up as long as it's transparent and publicized.
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#25
#25
How do you define "rich"? Where's the line? If they put a dollar figure in this poll it would change the results. If you take one party's approach then the answer seems to be that you find a line where 50% +1 of the voters agree on what "rich" means and you raise taxes on everyone above that line. That's pure tyranny of the majority any way you slice it.

Another problem is factoring liabilities and a person's situation in life. For example: Is a 45 year old single wager earner for a family of four who makes $100K a year while paying a mortgage, two student loans and a couple of car payments rich? What about a 23 year old who makes $100k a year, has no debt and lives alone in a home that's paid for?

One thing that I don't hear anyone talking about is figuring out a way to tax wealth. In recent years, we've seen state after state authorize the creation of dynasty trusts that last hundreds of years, erosion of estate taxes and seemingly perpetually renewable intellectual property rights. Those actions probably cannot be undone but the tax code certainly could be used to discourage the hoarding of wealth without putting it to any socially beneficial use.
 
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