Is there any real argument against taxing the rich?
Is there any real argument against taxing the rich?
How are you gonna tax them? Tax stocks? Anything less than that doesn't cover shit.
yes
im going to be rich soon so i dont want to be taxed any harder than normal
why dont americans have TFSAs
is trumpelstiltskin wants to improve his ratings he should implement TFSAs
Taxing as a solution is stupid as tariffs as a solution.
If you want to "save capitalism" you just need to destroy the money-printing jewish scam.
That's it. Nothing else.
1) They already pay the most tax
2) They have the resources to go elsewhere (see: Norway)
3) They are not an infinite source of wealth, in the way that government is an infinitely increasing source of spending
4) It's a populist leftist trope based entirely around envy, not economics
Taxing the rich doesn't matter if your government isn't effective at the basics.
Sure you can tax the rich through capital gains taxes, corporate taxes, estate taxes, and property related taxes, but if your government can't deal with crime, foreign subversion, economic malaise in upcoming taxpayer generations, and is also privileges other groups as clients of the state, then you will just end up with the wealthy, and risk taking entrepreneurs running away because your society is shit. It wouldn't even be about money at that point, good governance would have to come before taxation.
Taxing the rich more than the poor? A lot? I assume you're not merely suggesting the rich be subject to taxes.
Things that rich-jealous people would give pause to:
1. Laffer curve- eventually rates are so high effective amounts collected are less because people hide their money, avoid/evade taxes or flee the country.
2. If the top 1% is responsible for, say, 40% of government revenue, then the federal government is overly beholden to the fortunes and success of the 1% for its continued existence and function. Policies that may hinder the fortunes and revenue generation of the 1% will be less likely to be passed.
3. Tyranny of the majority- if you were to establish a system where most or nearly no one pays taxes for services there'd be a warped incentive structure where lots of services would be free stuff for no cost to most voters, which leads to massive bloating
Yeah it doesn't work.
High taxes just make the rich move somewhere else where taxes are lower and in turn lowering revenues instead of increasing them
1) Why do you want the state to have more money and power? They do nothing but cause poverty.
2) You can steal 100% of the wealth of the rich and it would end up being an extremely tiny amount of money.
Your TAXES every year are more than you would get back from taxing the rich 100%.
You are in a cult.
Tax the Bitch.......
OF ethots have to pay.
The US has some of the lowest tax rates on the rich in the world and the rich still hide their wealth.
Yes, taxation is theft.
The top 1% percent earned paid 40.4% percent of all federal income taxes.
Source: taxfoundation.org
Yeah they already do. You can move back to Mexico or wherever now, AOC,
we have Roth IRA's but the yearly limit is a literal joke. It needs to be like... 3-4x higher to actually serve its purpose. But the tax man weeps for every dollar that slips through its greedy gangster grasp.
the rich contain inflation
th-the rich have so many loopholes! they don't pay ANYTHING!
That is factually FALSE. That is not what the data shows. Maybe you should educate yourself before taking another action that will benefit all of society.
What could you do? Hmm. You'll think of it.
The US has some of the lowest tax rates on the rich in the world
no they dont lmao
imagine believing this propaganda
No but the name should be changed to “charity mandate” to remind the retarded peasants they are poor and are getting a handout
You can just like, look it up yourself. We have vastly lower income taxes than most of the rest of the developed world; and our capital gains tax is absolutely minuscule compared to most places in Europe or Canada.
Are you transgender by any chance?
Here is 2022 tax data. Source: taxfoundation.org
Top 1% Top 5% Top 10% Top 25% Top 50% Bottom 50% All Taxpayers
Number of Returns 1,538,014 7,690,070 15,380,140 38,450,349 76,900,699 76,900,699 153,801,397
Average Tax Rate 26.09 23.07 21.11 18.06 15.87 3.74 14.48
Average Income Taxes Paid $561,523 $169,466 $99,971 $48,433 $26,959 $822 $13,890
Adjusted Gross Income ($ Millions) 3,309,589 5,647,825 7,282,111 10,310,488 13,060,814 1,691,006 14,751,820
Share of Total Adjusted Gross Income 22.4% 38.3% 49.4% 69.9% 88.5% 11.5%
Income Taxes Paid ($ Millions) 863,631 1,303,206 1,537,563 1,862,269 2,073,129 63,203 2,136,333
Share of Total Income Taxes Paid 40.4% 61.0% 72.0% 87.2% 97.0% 3.0%
Income Split Point $663,164 $261,591 $178,611 $99,857 $50,339 $50,339
Seriously, please educate yourself if you aren't just a DNC psyop keyboard warrior / AI.
Life is too short to keep blundering along like some kind of NPC drone. How do you exist like this?
hurr look it up
YOU look it up.
they're already being taxed.
we are below average compared to world in income, and like i said, our capital gains taxes are VERY generous when you have a lot of devfeloped commie shitholes taking over 50%
do you even have a portfolio
there is, in capitalism everyone wants to become rich, so people in charge who actually should tax the rich are actually rich, what you are asking is the rich to tax themselves, why should they?
you are crying that game is not fair, instead of playing it so no, no tax for the rich.
why is france such a shithole?
you're implying the "rich" don't pay the lions' share of all taxes already
we need to push for equality and tax the poor more
also "rich" is a nebulous concept that invariably boils down to "someone with more money than ME"
Your chart shows that the US's tax rate is about in the middle of many other developed countries.
At a tax rate on $300,000 USD.
The thread that you posted it in was a thread discussing the need or desire to tax the wealthy people MORE.
The data I shared showed that the wealthy in the US (per 2022 data, top 1%) already pay 40.4% of all the taxes collected.
I was curious, so I did a quick calculation, using my data I already posted here () earlier, and I found that with a gross income of $300K / yr, (you) would be above the Top 25%, but below the Top 10%. The average tax rate for your income bracket (Top 25%) was about 18.06% in 2022, per the taxfoundation.org data.
Assuming you continue to make $300K / yr, are you saying that it would be fair to increase your taxes because about half of other countries have higher tax rates? Is that your justification?
Personally, I don't give two shits (not raisins) what other countries tax. But, hey, I don't make that much money myself. It isn't easy for most people to say "fuck it" and just move their lives to another country. Maybe it's easier for your ilk, m'lord.
But hey, What about the fact that your tax bracket is ALREADY PAYING 87.2% of ALL TAXES COLLECTED? Does that matter to you at all? I don't see how any data you posted does anything but address the threat of you Richie McRichs moving away to different countries.
Let's look at your options, though, using your data.
Kuwait would be MUCH cheaper for you. You don't drink, do you? Don't get wasted in public there. They don't like alcohol.
Oh hey Ukraine! Is that why Leftists want to save it so badly? They don't want that to become part of Russia because they plan to move all their wealth there someday? That seems like a little bit of a conflict of interest. I sure hope that wealth, Leftist people in the US would never promote a war could kill soldiers for a future tax shelter for their rich asses. That'd never happen, right?
Overly taxing the truly wealthy just means you trust the government more than the industrialists (you shouldn't).
Decadent nations like America, however, have a flourishing criminal class of parasites and con men that should be lined up against the wall, shot, and have their assets seized by the state before they run their ugly mouths enough to get elected
We live in a low trust society from the top down. A massive portion of welfare recipients are thieves, the charities are thieves/money laundering operations, the politicians are mobster tier behind the mask, and a millionaire isn't really a millionaire in today's economy. 1mil in a major city would barely get you a house (20%+ taxed so low iq americans can breed more single moms to birth fatherless sons that cause more crime)
There should be:
flat tax rate and a corporate/top 1% tax rate that isn't unreasonably disproportionate
no extravagant projects allowed just stuff that serves the public on a basic need level. (i.e. roads, hospitals, libraries, schools)
let private companies work with the government to fund and create an affordable and profitable public transport system
things like monuments or statues should only be funded by public/private donations not tax payer dollars with a stringent approval process
Unless everyone does it more or globohomo is ended they just move around.
rich people are the ones who own businesses
rich people suddenly get taxed more
rich people hate losing money
If you can't figure out what happens next and thus why taxing the rich doesn't work then kys
Taxation is theft so kys scum.
Death to capitalism as well.
Taxation is theft so kys scum.
Death to capitalism as well.
Pick one.
You contradictory retard.
Yup this. Its a lazy as fuck socialist solution that leads to more poverty. 5 years from now are you going to tax the rich more because you didn't fix the underlying problem (usually a lazy, overpaid, bloated bureaucratic caste in gov't or education)? Or you're still jealous of people that put in the work while you did bongs all day?
1) They already pay the most tax
in absolute terms, yes. they would also pay the most tax if their tax rate was 1%. the relative tax rate should gradually increase with the amount of money you have, because people making ends meet feel every dollar they don't have, whereas rich people don't feel it at all
I believe in a flat income tax rate.
I’m sure you are a poor schlock but I’m middle class, bonuses are taxed 35% raises cause me to be taxed differently because I make more. Taxes are a big reason why people don’t want to progress, unless you are fine with paying taxes every fy most people don’t want to deal with it. Once you make a certain amount you look for tax breaks, and just like the rich avoid taxes you will do the same, it’s playing the system. Poor people are just made they don’t want to put in the work to play the system, they just get food stamps and disability pay that’s how they play the system.
I was unemployed last year and most of the years from 2021-2023 as well, this year I may make 120,000 and would be forced to pay up to 30,000 in taxes. "Rich" people like me shouldn't have to pay taxes, your system is gay and unfair.
This is true, the % share of their earnings/wealth that gets taxed is drastically lower.
I like the 'tax wealth not work' movement. Regular people (yes i'm talking to you reading this) will be vastly better off. Rent seeking spongers pay more to balance out the excess value they're wringing out of workers anyway.
is stupid as tariffs as a solution.
So you agree china should have zero tariffs on foreign goods right?
This is somewhat true, central banking is the root of the problem and these sorts of activists are really driven by resentment and spite rather than any desire to fix the economy.
But tariffs are just a plain superior alternative to taxation. When I see someone attacking tariffs but defending taxation, I just an idiot. Or someone who watches too much television.