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Fair share

PhilFish

PhilFish

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So, I'm laying about watching the flyers tonight with my son...commercial comes on.. Bernie sanders.. theme is 'make the wealthy pay their fair share'

Given that the ..... saaay..... top ten percent pay some 79% of all income tax revenue. (Guesstimating here...)

What is unfair about that share?
 
First define "fair share".
So somebody is deserving of a fair share of someone else's income?
Why?

Does someone working hard have a "fair share" to give to the government? To non workers?

Okay. The government does certain things for us and we all need to pay a "fair share" to that government so we can have highways to drive on, schools for our kids, safe borders. We get some of that....... highways seem pretty crappy, schools don't really turn out a good product sometimes. And our borders......... basically don't exist. So based on that product......... 79% seems excessive unless those three things come up to speed. And we know they won't.

And then non workers. They deserve a "fair share" of our money? Their jobs have been given to people taking advantage of our open borders. Some of them don't want jobs. So we have to pay for them to have a lifestyle similar to ours?

Is that "fair"?
I don't think so.
Why don't the non workers and people coming across the borders ante up with their "fair share".......... oh yeah. That's free.

Lucky them.
 
the underlying premise is that unequal incomes are unfair.

this isn't about funding government. its about redistributing money from the top to the bottom. Notice that there is never a definition of what tax rates are fair. no numbers involved. wealth is unfair, in their fantasy.

we could cut enough stuff from the budget tomorrow to balance taxes and spending (military, redundant programs, waste, fraud, abuse, etc) and Bernie would still call for money to be taken from earners and given to his "base".

that's the entire premise of his candidacy - more free stuff.
 
are you feeling bad for the wealthy who actually end up individually paying
at a rate of about 15%?

is your effective federal income tax rate higher or lower than 15%?
 
PhilFish said:
So, I'm laying about watching the flyers tonight with my son...commercial comes on.. Bernie sanders.. theme is 'make the wealthy pay their fair share'

Given that the ..... saaay..... top ten percent pay some 79% of all income tax revenue. (Guesstimating here...)

What is unfair about that share?
Click to expand...

What is truly fair is that each person pay for the services they use. If we say that we want to have services available that we don't really want to use, but have if we need it, i.e. police, fire, emergency services, or military, then what is truly fair - is that each person pay their per-capita share of the cost of those things.
 
PhilFish said:
So, I'm laying about watching the flyers tonight with my son...commercial comes on.. Bernie sanders.. theme is 'make the wealthy pay their fair share'

Given that the ..... saaay..... top ten percent pay some 79% of all income tax revenue. (Guesstimating here...)

What is unfair about that share?
Click to expand...
It's too low.

Gee, that was easy.
 
as seen on tv said:
the underlying premise is that unequal incomes are unfair.
Click to expand...

That's not my underlying premise. I not only accept unequal incomes, I actually think they're a necessary incentive. But that doesn't mean I can't support higher taxes on the wealthy -- something more like we had in our era of strongest economic growth and prosperity improvements, when the top bracket paid between 70% and 92%. If we move back towards a fairer tax system, that won't eliminate the existence of unequal incomes. But it should result in them being somewhat less unequal, especially in after-tax terms, and it should result in more rapid improvement for the majority of people.
 
PhilFish said:
then perhaps it should be increased, given a parallel increase across other brackets.
Click to expand...

We should have a reasonable Flat Tax...The same across the board, no matter what the individual income is. No deductions.

I'm tired of paying for those who contribute nothing.
 
LeilaniMP said:
We should have a reasonable Flat Tax...The same across the board, no matter what the individual income is. No deductions.

I'm tired of paying for those who contribute nothing.
Click to expand...


So, I filed an extension last week. (Have some things to work out with cost basis, etc before filing, dont want to rush, etc..)

Anyway, I had to do the gross estimate on taxes withheld and so forth in order to file the extension... gross withheld fell at about $56K..

What's unfair there.. is my question..
 
PhilFish said:
In the context of this threads TP, my question is.. Why is that amount being cast as an 'unfair' share.
Click to expand...

It's the "soak the rich" mindset. However, the goalpost of what is considered "rich" keeps being moved.

Fostering economical divisiveness...have nots vs haves...is another political ploy.
 
PhilFish said:
So, I filed an extension last week. (Have some things to work out with cost basis, etc before filing, dont want to rush, etc..)

Anyway, I had to do the gross estimate on taxes withheld and so forth in order to file the extension... gross withheld fell at about $56K..

What's unfair there.. is my question..
Click to expand...

There is nothing unfair there. But, to some you should pay MORE, because they are not and they want "free stuff".

How dare you have income!
 
LeilaniMP said:
We should have a reasonable Flat Tax...The same across the board, no matter what the individual income is. No deductions.

I'm tired of paying for those who contribute nothing.
Click to expand...

I actually think we need a national VAT on goods - like a sales tax - and completely eliminate the income tax. Throw the poor a bone by not having it applied to foods other than processed or premade foods.

But, you consume, you pay. That way each person thinks about that the next time they vote for any tax increasing politician or any program. They see it, come out of their check.
 
connieb said:
I actually think we need a national VAT on goods - like a sales tax - and completely eliminate the income tax. Throw the poor a bone by not having it applied to foods other than processed or premade foods.

But, you consume, you pay. That way each person thinks about that the next time they vote for any tax increasing politician or any program. They see it, come out of their check.
Click to expand...

I like that idea, too.
 
PhilFish said:
So, I filed an extension last week. (Have some things to work out with cost basis, etc before filing, dont want to rush, etc..)

Anyway, I had to do the gross estimate on taxes withheld and so forth in order to file the extension... gross withheld fell at about $56K..

What's unfair there.. is my question..
Click to expand...

yeah, we were about the same place.

I am trying to figure out what I need to pay more for, because the way I see it, I have never gotten my money's worth in the first place. I don't consume 50K worth of Gov't services.

connie
 
PhilFish said:
So, I'm laying about watching the flyers tonight with my son...commercial comes on.. Bernie sanders.. theme is 'make the wealthy pay their fair share'

Given that the ..... saaay..... top ten percent pay some 79% of all income tax revenue. (Guesstimating here...)

What is unfair about that share?
Click to expand...

Most of the young, PC modernists have no idea how much the rich pay in taxes when you ask them, and are usually shocked to hear it's so high.

It doesn't add up to the propaganda they've been programmed with for the past years of their lives.

I've seen it many, many times. Always fun to watch youngens learning a valuable life lesson right in front of your eyes.
 
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