Should The Rich Be Required To Pay Higher Taxes In the US?

did income inequality grow under obama/dems?


it's a yes or no question


IT has been growing since the early 80's...Free trade is a failure! The government has been supporting exploration, science and infrastructure investment since the dawn of civilization. How hard is this for you to understand?


did it get WORSE under obama leftard??

stop deflecting
 
I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.
To the rich its just a game. They want to pay less even if they pay more lobbying to accomplish more.

That is because the rich Congressman writes the bill for,the rich.

Congress is the only ones that can change the lobbying rules. They can change the tax laws and they can change the way Wall St. Interacts with them. They won't do a damn thing. The reason, they need money to get re-elected. Who is going to vote against their best interest.
Why did the politicians of yesterday pass the tax laws that have recently been repealed? Seems to me our government has been taken over the last 30 years. Politics has changed our government our country has been taken over by the rich. This country used to be for we the people now its for them the Rich. Glad you're finally starting to realize that. This started on Reagan's watch and yes even Clinton and Obama are owned. We all are.


How the GOP Became the Party of the Rich


Today's Republican Party may revere Reagan as the patron saint of low taxation. But the party of Reagan – which understood that higher taxes on the rich are sometimes required to cure ruinous deficits – is dead and gone. Instead, the modern GOP has undergone a radical transformation, reorganizing itself around a grotesque proposition: that the wealthy should grow wealthier still, whatever the consequences for the rest of us.

Modern-day Republicans have become, quite simply, the Party of the One Percent – the Party of the Rich.

"The Republican Party has totally abdicated its job in our democracy, which is to act as the guardian of fiscal discipline and responsibility," says David Stockman, who served as budget director under Reagan. "They're on an anti-tax jihad – one that benefits the prosperous classes."


How the GOP Became the Party of the Rich | Rolling Stone
How did the 1% convince 49% of the 99% to vote GOP? God, gays, guns racism and lies is how.

And the lotto mentality.

The Lottery Mentality - NYTimes.com

Americans actually live in Russia, although they think they live in Sweden. And they would like to live on a kibbutz. This isn’t the set-up for some sort of politically incorrect Catskills stand-up joke circa 1960. It is the takeaway from a remarkable study by Michael Norton and Dan Ariely on how Americans think about income inequality.

The right likes to argue that income inequality as an issue doesn’t win elections because Americans don’t begrudge the rich so much as they want to join them.

Americans are mistaken about income inequality because of national self-confidence and the lottery effect.

By national self-confidence, I mean the widespread conviction that the American way is probably right because all those other ways don’t seem to work out so well. This is a wonderful national quality and one of the reasons America has such resilience. But confidence in the American way can make it hard for the country as a whole to recognize when things aren’t working.

Take, for instance, the health care debate, when a politically effective criticism of what has come to be known as Obamacare was to argue that it would destroy the “best” health care system in the world. Mary Meeker, a Silicon Valley guru of impeccably capitalist and American credentials debunked that idea in her recent USA, Inc. presentation, in which she pointed out that “U.S.A. per capita health care spending is 3x OECD average, yet the average life expectancy and a variety of health indicators in the U.S. fall below average. But if you spend way more than everyone else, shouldn’t your results (a.k.a. performance) be better than everyone else’s, or at least near the top?”

Aside from faith in American national excellence, the other main reason Americans seem so unperturbed by the widening chasm between the rich and everyone else is what I like to call the lottery effect. Buying lottery tickets is clearly an irrational act -- the odds are hugely stacked against us. But many millions of us do, because we see the powerful evidence that an ordinary person, someone just like us whose only qualifying act was to buy a ticket, wins our favorite lottery every week.

For many Americans, the nation’s rowdy form of capitalism is a lottery that has similarly bestowed fabulous rewards on the Everyman. The current leading exemplar of self-made billions is Facebook’s Mark Zuckerberg, and he may soon be outstripped by the even more instant cyber-star Andrew Mason, the founder of Groupon.

But the problem with lotteries is that there are only a few winners. That is the story the numbers tell us about American capitalism today -- and unless that underlying reality changes, at some point all those folks who think they already live in Sweden will realize they live in a winner-take-all society, and that most of us aren’t winning.

So all those Democrats that are part of the 1% are convincing people to vote for Republicans?

As long as you are stuck on partisan bull shit, we will never find a solution.
 
Yeah, it was the "poor and middle class" whose taxes were cut *shaking head*

EFFECTIVE tax rates


average_effective_federal_tax_rates.png

Dumb2three, you're a lying Commie fuck.

images


Look, I realize you're just a Soros hate drone, but less that 10% of the shit you spew has any basis in fact.

Soros thinks it clever to graph tax cuts in dollars, rather than percent.

It isn't clever, it just fucking lying.


"Soros thinks it clever to graph tax cuts in dollars, rather than percent."



lol


EFFECTIVE tax rates



average_effective_federal_tax_rates.png


average-effective-tax-rates-by-income-percentiles-1960-2004.png

2-22-10tax-f1.jpg


 
To the rich its just a game. They want to pay less even if they pay more lobbying to accomplish more.

That is because the rich Congressman writes the bill for,the rich.

Congress is the only ones that can change the lobbying rules. They can change the tax laws and they can change the way Wall St. Interacts with them. They won't do a damn thing. The reason, they need money to get re-elected. Who is going to vote against their best interest.
Why did the politicians of yesterday pass the tax laws that have recently been repealed? Seems to me our government has been taken over the last 30 years. Politics has changed our government our country has been taken over by the rich. This country used to be for we the people now its for them the Rich. Glad you're finally starting to realize that. This started on Reagan's watch and yes even Clinton and Obama are owned. We all are.


How the GOP Became the Party of the Rich


Today's Republican Party may revere Reagan as the patron saint of low taxation. But the party of Reagan – which understood that higher taxes on the rich are sometimes required to cure ruinous deficits – is dead and gone. Instead, the modern GOP has undergone a radical transformation, reorganizing itself around a grotesque proposition: that the wealthy should grow wealthier still, whatever the consequences for the rest of us.

Modern-day Republicans have become, quite simply, the Party of the One Percent – the Party of the Rich.

"The Republican Party has totally abdicated its job in our democracy, which is to act as the guardian of fiscal discipline and responsibility," says David Stockman, who served as budget director under Reagan. "They're on an anti-tax jihad – one that benefits the prosperous classes."


How the GOP Became the Party of the Rich | Rolling Stone
How did the 1% convince 49% of the 99% to vote GOP? God, gays, guns racism and lies is how.

And the lotto mentality.

The Lottery Mentality - NYTimes.com

Americans actually live in Russia, although they think they live in Sweden. And they would like to live on a kibbutz. This isn’t the set-up for some sort of politically incorrect Catskills stand-up joke circa 1960. It is the takeaway from a remarkable study by Michael Norton and Dan Ariely on how Americans think about income inequality.

The right likes to argue that income inequality as an issue doesn’t win elections because Americans don’t begrudge the rich so much as they want to join them.

Americans are mistaken about income inequality because of national self-confidence and the lottery effect.

By national self-confidence, I mean the widespread conviction that the American way is probably right because all those other ways don’t seem to work out so well. This is a wonderful national quality and one of the reasons America has such resilience. But confidence in the American way can make it hard for the country as a whole to recognize when things aren’t working.

Take, for instance, the health care debate, when a politically effective criticism of what has come to be known as Obamacare was to argue that it would destroy the “best” health care system in the world. Mary Meeker, a Silicon Valley guru of impeccably capitalist and American credentials debunked that idea in her recent USA, Inc. presentation, in which she pointed out that “U.S.A. per capita health care spending is 3x OECD average, yet the average life expectancy and a variety of health indicators in the U.S. fall below average. But if you spend way more than everyone else, shouldn’t your results (a.k.a. performance) be better than everyone else’s, or at least near the top?”

Aside from faith in American national excellence, the other main reason Americans seem so unperturbed by the widening chasm between the rich and everyone else is what I like to call the lottery effect. Buying lottery tickets is clearly an irrational act -- the odds are hugely stacked against us. But many millions of us do, because we see the powerful evidence that an ordinary person, someone just like us whose only qualifying act was to buy a ticket, wins our favorite lottery every week.

For many Americans, the nation’s rowdy form of capitalism is a lottery that has similarly bestowed fabulous rewards on the Everyman. The current leading exemplar of self-made billions is Facebook’s Mark Zuckerberg, and he may soon be outstripped by the even more instant cyber-star Andrew Mason, the founder of Groupon.

But the problem with lotteries is that there are only a few winners. That is the story the numbers tell us about American capitalism today -- and unless that underlying reality changes, at some point all those folks who think they already live in Sweden will realize they live in a winner-take-all society, and that most of us aren’t winning.

So all those Democrats that are part of the 1% are convincing people to vote for Republicans?

As long as you are stuck on partisan bull shit, we will never find a solution.


It's CONservatives of both parties that is the problem!
 
The rich use more to the wear on our infrastructure. Why shouldn't they pay more to maintain what they use???

Honestly.
 
As a result of a pair of rate cuts, first under President Bill Clinton and then under Bush, most of the richest Americans pay lower overall tax rates than middle-class Americans do. And this is one reason the gap between the wealthy and the rest of the country is widening dramatically.


Capital gains tax rates benefiting wealthy are protected by both parties


Romney paid 1.94 million in taxes…he paid more than his fair share……did you pay 1.94 million in taxes asshole?

"the richest Americans pay lower overall tax rates than middle-class Americans do."


average_effective_federal_tax_rates.png


Did you pay 1.94 million actual dollars in taxes………..?
 
The rich use more to the wear on our infrastructure. Why shouldn't they pay more to maintain what they use???

Honestly.


they already pay more…when you are paying 1.94 million dollars in taxes, far more than most people will ever pay their entire lives taxes, you are paying your fair share.
 
YAWN
under Progressive rule the richest got richer, and the poorest got poorer


Yes…increase taxes and you know who gets rich…the politicians and their friends…….

Why is it that you guys want to give ever more tax money to the same people you say fucked up the country in the first place.

If you had a business manager and you found out that he had taken all the money you gave him to pay for the things you buy and to invest in your future….and then you found out that not only did he lose all of the money you gave him but he caused you to be 200,000 dollars in debt…what would you do? Sure, you work harder to pay back the debt and rebuild your losses…..

But would you give another penny to the guy that got you in that position in the first place?

That is what all of you lefties are saying…..they fucked up, they don't spend the money on what they should….but we need to give them lots more money, on the off chance that this time they will actually do what we want them to do….

You lefties are just stupid…..
 
The rich use more to the wear on our infrastructure. Why shouldn't they pay more to maintain what they use???

Honestly.


They pay more for the infrastructure when they are paying 1.94 million dollars a year in taxes, as Mitt Romney did in 2011……and on top of that he is creating jobs and allowing other people to make money as well……...
 
I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.
To the rich its just a game. They want to pay less even if they pay more lobbying to accomplish more.

That is because the rich Congressman writes the bill for,the rich.

Congress is the only ones that can change the lobbying rules. They can change the tax laws and they can change the way Wall St. Interacts with them. They won't do a damn thing. The reason, they need money to get re-elected. Who is going to vote against their best interest.
Why did the politicians of yesterday pass the tax laws that have recently been repealed? Seems to me our government has been taken over the last 30 years. Politics has changed our government our country has been taken over by the rich. This country used to be for we the people now its for them the Rich. Glad you're finally starting to realize that. This started on Reagan's watch and yes even Clinton and Obama are owned. We all are.


How the GOP Became the Party of the Rich


Today's Republican Party may revere Reagan as the patron saint of low taxation. But the party of Reagan – which understood that higher taxes on the rich are sometimes required to cure ruinous deficits – is dead and gone. Instead, the modern GOP has undergone a radical transformation, reorganizing itself around a grotesque proposition: that the wealthy should grow wealthier still, whatever the consequences for the rest of us.

Modern-day Republicans have become, quite simply, the Party of the One Percent – the Party of the Rich.

"The Republican Party has totally abdicated its job in our democracy, which is to act as the guardian of fiscal discipline and responsibility," says David Stockman, who served as budget director under Reagan. "They're on an anti-tax jihad – one that benefits the prosperous classes."


How the GOP Became the Party of the Rich | Rolling Stone
How did the 1% convince 49% of the 99% to vote GOP? God, gays, guns racism and lies is how.

And the lotto mentality.

The Lottery Mentality - NYTimes.com

Americans actually live in Russia, although they think they live in Sweden. And they would like to live on a kibbutz. This isn’t the set-up for some sort of politically incorrect Catskills stand-up joke circa 1960. It is the takeaway from a remarkable study by Michael Norton and Dan Ariely on how Americans think about income inequality.

The right likes to argue that income inequality as an issue doesn’t win elections because Americans don’t begrudge the rich so much as they want to join them.

Americans are mistaken about income inequality because of national self-confidence and the lottery effect.

By national self-confidence, I mean the widespread conviction that the American way is probably right because all those other ways don’t seem to work out so well. This is a wonderful national quality and one of the reasons America has such resilience. But confidence in the American way can make it hard for the country as a whole to recognize when things aren’t working.

Take, for instance, the health care debate, when a politically effective criticism of what has come to be known as Obamacare was to argue that it would destroy the “best” health care system in the world. Mary Meeker, a Silicon Valley guru of impeccably capitalist and American credentials debunked that idea in her recent USA, Inc. presentation, in which she pointed out that “U.S.A. per capita health care spending is 3x OECD average, yet the average life expectancy and a variety of health indicators in the U.S. fall below average. But if you spend way more than everyone else, shouldn’t your results (a.k.a. performance) be better than everyone else’s, or at least near the top?”

Aside from faith in American national excellence, the other main reason Americans seem so unperturbed by the widening chasm between the rich and everyone else is what I like to call the lottery effect. Buying lottery tickets is clearly an irrational act -- the odds are hugely stacked against us. But many millions of us do, because we see the powerful evidence that an ordinary person, someone just like us whose only qualifying act was to buy a ticket, wins our favorite lottery every week.

For many Americans, the nation’s rowdy form of capitalism is a lottery that has similarly bestowed fabulous rewards on the Everyman. The current leading exemplar of self-made billions is Facebook’s Mark Zuckerberg, and he may soon be outstripped by the even more instant cyber-star Andrew Mason, the founder of Groupon.

But the problem with lotteries is that there are only a few winners. That is the story the numbers tell us about American capitalism today -- and unless that underlying reality changes, at some point all those folks who think they already live in Sweden will realize they live in a winner-take-all society, and that most of us aren’t winning.


The guy who wrote this is a moron…….people know that if they don't do drugs, go to jail, don't have kids they don't support they can make a good life for themselves and even do much better….until the government comes in and starts draining their resources through excessive taxation that just goes to make the politicians more wealthy and more powerful…..
 
As a result of a pair of rate cuts, first under President Bill Clinton and then under Bush, most of the richest Americans pay lower overall tax rates than middle-class Americans do. And this is one reason the gap between the wealthy and the rest of the country is widening dramatically.


Capital gains tax rates benefiting wealthy are protected by both parties


Romney paid 1.94 million in taxes…he paid more than his fair share……did you pay 1.94 million in taxes asshole?

"the richest Americans pay lower overall tax rates than middle-class Americans do."


average_effective_federal_tax_rates.png


Did you pay 1.94 million actual dollars in taxes………..?

Yeah, because it's NOT percentages that ECONOMISTS measure things by right? lol

Hint Romney would've paid 400% more 1932-1980! What did the US do then?
 
The rich use more to the wear on our infrastructure. Why shouldn't they pay more to maintain what they use???

Honestly.

They do? How do they use more of our infrastructure than anybody else?

They buy more goods (roads), go on more vacations (FAA)


Distribution of Tax Expenditure Benefits Differs Greatly, and Is Much Less Favorable to the Middle Class and Low-Incomes Families



The top 1 percent of the population receives 23.9 percent of tax-expenditure benefits — more than eight times as much as the bottom fifth of the population
, and nearly as much as the middle 60 percent of the population.


Contrary to "Entitlement Society" Rhetoric, Over Nine-Tenths of Entitlement Benefits Go to Elderly, Disabled, or Working Households | Center on Budget and Policy Priorities
 

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