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	Forums ›› Main ›› Economics ›› What is the optimum tax rate on the wealthy?

Tax rate on the wealthy (say earners of > 1M a year) You do not have permission to vote on this poll.
0 - 10%	20	20.20%
11% - 20%	14	14.14%
21% - 30%	17	17.17%
31% - 40%	10	10.10%
41% - 50%	11	11.11%
51% - 60%	3	3.03%
61% - 70%	17	17.17%
I don't know	2	2.02%
I don't care	5	5.05%
Total:	99 votes	100%

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Page 7 of 25: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Last Page »

GordonTheGekko

Registered: Feb 2011
Posts: 826

12-01-11 01:32 PM

LOL @ the liberal socialists who voted 70%!!!! :

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MKTrader

Registered: Dec 2005
Posts: 2216

12-01-11 02:40 PM

Quote from Free Thinker:

"Should be identical to the tax rate on everyone else."
the graduated income tax does exactly this. everyone pays the same tax at the bracket. a person making a million pays the same rate on the first 25k as a person making 50k.

Are people this stupid/gullible/Orwellian? A graduated tax means your rate increases along with your income. In other words, you get taxed (punished) more as your income rises. It's a disincentive for the productive/innovative/achieving class. But of course the parasites love it.

It clearly doesn't mean the wealthy's tax rate "Should be identical to the tax rate on everyone else."

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MKTrader

Registered: Dec 2005
Posts: 2216

12-01-11 02:45 PM

Quote from uptickk:

Reread MKTrader's post above to see that it really wasnt a 94% rate after all the breaks / loopholes.

Yeah, let's hope the guy doesn't try to rewrite the Qu'ran by himself. He won't even bother to read and digest a 5-paragraph post!

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Scataphagos

Registered: Apr 2009
Posts: 9257

12-01-11 02:52 PM

Quote from MKTrader:

Are people this stupid/gullible/Orwellian? In other words, you get taxed (punished) more as your income rises. It's a disincentive for the productive/innovative/achieving class. But of course the parasites love it.

That's because... (1) The Parasite Class is now the largest and gets to vote themselves greater benefits at the expense of others, and (2) Those who pay the tax have virtually no voice in the process... not including those who get "special" tax treatment thanks to political contributions/lobbying, of course.

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clearinghouse

Registered: Aug 2010
Posts: 572

12-01-11 03:43 PM

Quote from nitro:

70% ?

http://www.cnbc.com/id/45402737

I don't believe wealthy people have a responsibility to me so I'd say whatever rate my rate is.

On the flip side though, I feel like in Europe, the royal families should pay 95-99%. If they think they were divinely appointed to be kings and queens, then they have a divine right to take care of their citizens. These people are not ceremonial; that is a deception.

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GordonTheGekko

Registered: Feb 2011
Posts: 826

12-01-11 03:45 PM

Quote from clearinghouse:

I don't believe wealthy people have a responsibility to me so I'd say whatever rate my rate is.

On the flip side though, I feel like in Europe, the royal families should pay 95-99%. If they think they were divinely appointed to be kings and queens, then they have a divine right to take care of their citizens. These people are not ceremonial; that is a deception.

They are already paid with tax payers money, and frankly most britians don't mind paying the 2 pounds per year for the entertainment value of what comes of the monarch.

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