Put Me In Charge

[Ythan]

Great thread Charlie.

[Yosarian2]

You appear to be of the assumption I'm saying that the rich should pay less tax. I'm saying that the percentage of their earnings that they pay in tax is less than the middle class and working class, and it should be changed so that all three classes pay the same percentage in tax.

For example, if the working class and middle class pay 15% tax (as an example), why should the rich say... pay only 12%? It should be a flat percentage clean across the board, no favouritism shown to one class or another.

Honestly, that's not enough. If the middle class earns 50k and pays 15% of it (keeping 42.5k), and the rich earn 2 million dollars a year and pay 15% of it (keeping; 1.7 million) yes, the rich are paying more money, but they're still getting 40 times as much money every year.

Even that wouldn't be too bad in and of itself, but if the rich keep all that money and keep investing it, they end up thousands of times richer then the middle class. Over the long run, that kind of wealth disparity basically destroys the middle class, and you end up with just a few rich and everyone else poor, with the rich owning and running basically everything.

So, along with the rich paying their fair share for the operation of government, you also need some additional mechanism for redistributing some part of their wealth before it grows completely out of control. Just taxing them at the same rate as the middle class really isn't enough.

[PranaDevil]

Yet in reality the opposite is true.

yep

Yet you seem to be arguing that it shouldn't be.

wat

Either you don't know what the fuck you're on about, or what I said went over your head.

I'm not saying Poor should pay £200 and rich should pay £200.

I'm saying Poor should pay 15% and Rich should pay 15%

Which is fair. At the moment the rich pay a smaller percentage of tax than poor. You don't need to reverse the roles to the rich paying a higher percentage. But it should be changed so they pay the same amount.

Otherwise you're saying "Hey, you've chosen to work in a better paying job, so we're going to fuck you over for trying to better yourself".

[Cyberbob]

I'm saying Poor should pay 15% and Rich should pay 15%

I know what you're saying thanks - I also know that flat taxes are possibly the dumbest shit that somehow appeals to dumbshits with a surface understanding of "fairness"

Otherwise you're saying "Hey, you've chosen to work in a better paying job, so we're going to fuck you over for trying to better yourself".

lmao

[Yosarian2]

Otherwise you're saying "Hey, you've chosen to work in a better paying job, so we're going to fuck you over for trying to better yourself".

That's not how income taxes in the United States work.

Let me put it this way. There's a 25% tax bracket for everyone who earns under $82,400, and a 28% one for over over $82,400. So does that mean that a person who earns more then $82,400 is getting "fucked over" for earning more money? Not at all. If you earn $100,000 a year, you only pay the 28% on everything you earn OVER $82,400; that is, you pay 28% on the last $17,600, while you pay the lower rate on the rest of your earnings.

You always bring more money home if you have a bigger paycheck. You might pay a higher rate on the last few dollars you earn, but you're still always better off earning them then you would be not earning them.

[Zachrulez]

Otherwise you're saying "Hey, you've chosen to work in a better paying job, so we're going to fuck you over for trying to better yourself".

You don't really get fucked over though. If you're rich enough to live a comfortable life taxes are an inconvenience, not something that's killing you.

Edit: Also agree with Yos.

[PranaDevil]

Okay then, let's just pretend that your idea is even slightly good.

Tax bracket A goes from 0-£10,000 a year. In that bracket you don't pay any tax.

Tax bracket B goes from £10,001-£20,000 a year. In that bracket you pay 15% tax

Tax bracket B goes from £20,001 and up a year. In that bracket you pay 25% tax (We're not talking realistic numbers but simple ones to understand for this exercise, as it would work regardless of money involved)

Someone earns £19,500 a year, and is therefore paying £2925 tax per year. Leaving a net profit of £16,575

They get a pay rise of £1000, to £21,500 a year. They now pay £5375 tax each year. They now have a net profit of £16,125

Meaning they get a pay rise of £100 and actually lose £450 out of it.

According to you, this would be fair.

[Zachrulez]

And also, I hate to break it to you, but someone has to pay for all the roads, stoplights, police force, fire department, hospitals, libraries, and all the other public things that you use on a daily basis, and the guy that's making minimum wage can't afford it.

[Zachrulez]

Okay then, let's just pretend that your idea is even slightly good.

Tax bracket A goes from 0-£10,000 a year. In that bracket you don't pay any tax.

Tax bracket B goes from £10,001-£20,000 a year. In that bracket you pay 15% tax

Tax bracket B goes from £20,001 and up a year. In that bracket you pay 25% tax (We're not talking realistic numbers but simple ones to understand for this exercise, as it would work regardless of money involved)

Someone earns £19,500 a year, and is therefore paying £2925 tax per year. Leaving a net profit of £16,575

They get a pay rise of £1000, to £21,500 a year. They now pay £5375 tax each year. They now have a net profit of £16,125

Meaning they get a pay rise of £100 and actually lose £450 out of it.

According to you, this would be fair.

US tax brackets.

http://www.moneychimp.com/features/tax_brackets.htm

Which if I'm reading correctly correlates to what Yos was saying.

[Zachrulez]

And also all the people complaining about how the poor pay no taxes or less taxes. THANK BUSH FOR THAT. THAT BRACKET WAS CREATED IN 2002.

[Ythan]

someone has to pay for all the roads, stoplights, police force, fire department, hospitals, libraries, and all the other public things that you use on a daily basis

actually

[Ythan]

And also all the people complaining about how the poor pay no taxes or less taxes. THANK BUSH FOR THAT. THAT BRACKET WAS CREATED IN 2002.

Damn legislating executives.

[PranaDevil]

It looks like the US system is different to the UK then.

But the fact still remains that a lot of the bigger businesses and high paid businessmen get out of paying the taxes they should be paying and the government doesn't actually chase it up. A LOT of financial problems would be fixed by doing so. (I'm not sure about the US, but in the UK a few billion each year is lost on unpaid taxes by businesses and such. The government instead concentrates on clawing back a few million from benefits cheats).

[JDodge]

Okay then, let's just pretend that your idea is even slightly good.

Tax bracket A goes from 0-£10,000 a year. In that bracket you don't pay any tax.

Tax bracket B goes from £10,001-£20,000 a year. In that bracket you pay 15% tax

Tax bracket B goes from £20,001 and up a year. In that bracket you pay 25% tax (We're not talking realistic numbers but simple ones to understand for this exercise, as it would work regardless of money involved)

Someone earns £19,500 a year, and is therefore paying £2925 tax per year. Leaving a net profit of £16,575

They get a pay rise of £1000, to £21,500 a year. They now pay £5375 tax each year. They now have a net profit of £16,125

Meaning they get a pay rise of £100 and actually lose £450 out of it.

According to you, this would be fair.

Out of curiosity, did you actually bother to read Yos' post at all? Particularly the point where he explicitly stated that under the current US tax system it's actually impossible for this to happen?

[PranaDevil]

Worth noting I had typed that before seeing Yos' reply.

[ReaperCharlie]

Great thread Charlie.

I always deliver son.

[Cyberbob]

[Post Deleted]

[ReaperCharlie]

no u

[bv310]

son.

get pasted by an IED

Now that's going a little too far, Bob.

[Ythan]

son.

get pasted by an IED

Now that's going a little too far, Bob.

He would stop posting.

[Cyberbob]

wishing the death of a dipshit wannabe marine fetishiser is too far
wishing the implementation of public policy that would knowingly result in increased death and suffering for millions of poor people is a-ok

mafiascum

[Ythan]

bv310

Fixed.

[bv310]

Not at all, bob. This thread isn't "wishing" for these policies to be implemented. It's presenting an extreme view on something to generate discussion. Wishing for anyone to be killed in a terrible way is just blatantly offensive.

P-EDIT: Ythan's right, though. This is just my opinion, not that of the site at large.

[Ythan]

Is it so terrible?

[JDodge]

Not at all, bob. This thread isn't "wishing" for these policies to be implemented. It's presenting an extreme view on something to generate discussion. Wishing for anyone to be killed in a terrible way is just blatantly offensive.

P-EDIT: Ythan's right, though. This is just my opinion, not that of the site at large.

I dunno, I'd rather be hit by an IED and vaporized pretty much instantly than starve to death. How bout you?