What is a "fair" tax?

[cptjohnstone]

Originally Posted by IIFFOFRDB

Doove does not exist when you put him on ignore. LOL. I don't either.

I just like to see how DUMB some people can be

[TexTushHog]

Effective rate or marginal rate? And I think you're going to have to be more specific as to what income level. It's really too much to ask to structure an entire tax code for as wide a range of incomes as you mention in a post on a silly whore board.

But I haven't seen anybody talking about a 50% effective rate for those making $250k.

[Doove]

Originally Posted by Jdriller

But, if you make 250,000 and taxes take 50% leaving you with 125,000 are you still wealthy?

You're still in the top 2%.

Originally Posted by cptjohnstone

I just like to see how DUMB some people can be

Talk about dumb. We can't even agree on what "the top 2%" means.

This country is doomed.

[waverunner234]

Originally Posted by Doove

You're still in the top 2%.



Talk about dumb. We can't even agree on what "the top 2%" means.

This country is doomed.

I lived in El Paso TX for almost 2 years, it was a bad experience in my eyes and since I'm back in CA I realize how lucky I am.
Am I rich? I don't know, I do very well if you count were I live. If I would move 15 miles north I would be very poor, if I would move 8 miles east I would also be very poor, but if I would move 7 miles south I would be extremely rich

So what is rich? I live in between the most affluent areas in the USA and I'm doing fine. Girls are a bit expensive here but that is also a thing that you will get used to.
So who cares if you are rich or poor, if you get out of life what you want to get out of life, and you can get it, I think you are rich.

I don't think a number like 1 million per year will make you rich, nor it will make you poor.
The truth is like always, somewhere in between.

[LexusLover]

Originally Posted by waverunner234

The truth is like always, somewhere in between.

In the economic environment of the past couple of years, if someone has a job that pays their bills current, reduces some of their debt each month, provides health insurance coverage for "all in the family," and gives a little extra into savings each month for "a rainy day" ... they are way ahead "of the game."

[dilbert firestorm]

Originally Posted by TheDaliLama

You sure like to throw that word around alot. My sentence started with "Maybe". I guess anyone can check that "are you over 18" box and post on here.

If you read my earlier post I said that being rich depends on where you live. I know nothing about the level prosperity in Buffalo. I have observed however that the folks from Buffalo are tight, like to hang out together, drink beer and they love their Bills...Oh,,and OJ is innocent. I do know a little more about San Antonio. That's why I said "maybe"....Dooooooove.

If one lived in a more affluent neighborhood such as NYC then 250k a year might be looked at as middle to lower middle class.

If one lived in Arkansas and if you own your own double wide you might be considered rich.

It all depends on your prospective.

are the stats indexed to inflation?

[dilbert firestorm]

Originally Posted by Jdriller

Just curious as to what most would percieve as a fair tax rate overall
What percent of Americans should pay INCOME TAX?

How do you define wealthy? It if you make 200,000, 250,000, 500,000 or 1 million dollars or more in net income per year?

What is the maximim percent that would be fair to pay in INCOME TAX COMBINED WITH SELF EMPLOYMENT OR PAYROLL TAXES AND SOCIAL SECURITY TAXES. Is it 30%, 40%, 50% or more?

Currently the "official" definition of wealthy seems to be 250,000 per year in net income. I personally don't think that makes you wealthy, maybe well off, maybe upper middle income but not wealthy.

I feel that no matter what you make per year, paying more than 50% of your income (income tax + self employment taxes/SS taxes) is about as high as it should go.

What do you think of Cains 9-9-9 tax proposal (that is 9% income tax, 9% national sales tax, 9% corparate/business tax)? He claims that combination would raise as much mony or more than the current tax system. Pretty much all loop holes would be eliminated under his plan.

his idea is interesting, but um bleah......

I'd get rid of the income tax. and the business tax.