JFlorio Loc: Seminole Florida

Maybe more Americans could have more if they'd quit worrying about how much someone else has.

no propaganda please Loc: moon orbiting the third rock from the sun

Billionaires do not have yearly incomes of a billion dollars. Their total worth may be over a billion dollars but much is in property, whether real estate or in goods. they have paid taxes on it as they earned it and if it is property they are probably paying taxes on it each year just not "income taxes" as it is not current income. Obviously you contend that all those with estates valued at over a billion or half billion or what ever you deem "fair" should pay federal tax on all they own. If much of their property is in multimillion dollar paintings and other art objects they should pay taxes on that property, or give the painting to the man who collects the garbage, so he can hang it next to the Elvis on black velvet.
That his money has come from investments is not the point. Your concept of "you did not build that" means that the person whose research, imagination, brainpower, and sacrifice founded a company that produces much of the electronic inventions you count on for your daily survival does not have a real investment in the product and its manufacture so should pay higher taxes and higher wages to the persons who sort the products for distribution. Of course that concept is why robots now do those jobs, but then you demand that there be a high tax on the work a robot does that could have been done by a person.

Who is John Gault and where is he when the moochers run the world?

Now before you go off in one of your foolish tirades about the rich not knowing how the rest of the people live remember. I put myself through school working at menial jobs days and going to school nights. I have always been self employed doing work which does not have a lot of income involved but, none the less is richly rewarding. I live on 70 acres of mountains that is worth about $25,000 for the whole lot, and in a double wide, have two cars, the "new one" is two years old and the first car we bought in 16 years the other one is 16 years old, and we bought both for cash. Rich we are, in love, friends and peace and love of God, and that is all that matters. So go back to bitching about those who own things you don't, then go to your safe space and sob to your hearts content.

bmac32 Loc: West Florida

Maybe if they all didn't think they need the newest Samsung before it's even available. Watched a girl buy outright a phone I knew she could not afford just by the way she was dressed, we happened to leave at the same time, maybe that $800 plus would have been better spent on car repairs for that 1990 something Corolla.

Nickolai

The New dealers imposed A 90% income tax on all income over $25,000. Following WW-ll the national debt was 120 % of GDP by 1979 it the top tax was still 70 % but the national debt had been reduced to 32 % and the largest middle class in history had been created. Since then that middle class has been decimated and taxes are to low on super high incomes aided by tax breaks and plenty of loop holes by buying the politicians off

Nickolai

That depends on th classification of the million and how it was earned. If it comes in the form of dividends of long term cap gains it is 15 % that's why Mitt Romney paid only 14 % on an income of twenty million

Nickolai

In 1950 Corporations paid 38 % of federal revenue and individuals paid about 15 after decades of tx cutting Corporations pay 10 % of federal revenue and individuals pay 38 % and the national debt has gone from 257 billion to 20 trillion

Nickolai

Americans had more when the top bracket was 90 % after a certain amt. and the gap between the haves and have not's was the narrowest in our history and the National debt was being paid down from 120 % to 32 % of GDP

Nickolai

America Only Loc: From the right hand of God

YOU stated 11%...YOU LIED! End of story!

Larry the Legend Loc: Not hiding in Milton

Why do you equate a sense of equity with fear? Want 'fairness' in taxation? here's an idea:

Abolish the IRS and force the Federal government to finance itself the same way it did before 1913. How about less taxes for all of us instead of more taxes for some? How 'fearsome' is that?

bmac32 Loc: West Florida

Pay close attention:
https://townhall.com/tipsheet/guybenson/2017/04/28/do-the-rich-not-pay-their-fair-share-in-taxes-n2319837?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=

kenvrla Loc: East Tx Piney Woods

Money envy.

Larry the Legend Loc: Not hiding in Milton

So, the rich ain't paying their fair share, is that it? Here's a little story:

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100… 10 guys, $100, that's $10 each, right? But if they paid their bill the way we pay our taxes, it would go something like this…

The first four men (the poorest) would pay nothing.

The fifth would pay $1.

The sixth would pay $3.

The seventh would pay $7..

The eighth would pay $12.

The ninth would pay $18.

The tenth man (the richest) would pay $59.

So, they all held a vote and that’s what they decided to do..

The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily beer by $20”. Drinks for the ten men would now cost just $80.

The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free. But what about the other six men? The paying customers? How could they divide the $20 windfall so that everyone would get his fair share?

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man’s bill by a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.

And so the fifth man, like the first four, now paid nothing (100% saving).

The sixth now paid $2 instead of $3 (33% saving).

The seventh now paid $5 instead of $7 (28% saving).

The eighth now paid $9 instead of $12 (25% saving).

The ninth now paid $14 instead of $18 (22% saving).

The tenth now paid $49 instead of $59 (16% saving). Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.

“I only got a dollar out of the $20 saving,” declared the sixth man. He pointed to the tenth man,”but he got $10!”

“Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar too. It’s unfair that he got ten times more benefit than me!”

“That’s true!” shouted the seventh man. “Why should he get $10 back, when I got only $2? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison, "we didn’t get anything at all. This new tax system exploits the poor!"

The nine men then surrounded the tenth and proceeded beat him up.

The next night the tenth man didn’t show up for drinks, so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and government ministers, is how our tax system works. The people who already pay the highest taxes will naturally get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier. Still wondering where all the jobs went?

JFlorio Loc: Seminole Florida

Love this analogy. Have seen it many times. Simple and to the point. Probably not simple or pointy enough for niki.

Larry the Legend Loc: Not hiding in Milton

I got more if I need it. This is beyond doubt the best one.