You are viewing a single comment's thread from:
RE: Trump must get "the rich" to pay more taxes. They aren't paying their "fair share"
You do realize that the facts I provided are in fact, "the facts"?
40% of all federal income taxes are paid for by the top 1%. And your complaint is they are not paying enough.
What percentage of all federal income taxes do you think should be paid by the top 1%, if 40% is not enough?
Is it enough if they pay 60%? 80%? 95%?
Would it be enough for you if the top 1% paid 99% of all federal income taxes?
Have you thought through the likely outcome of trying to force the top 1% to pay 99% of all federal income taxes?
Finance is not my space hence I will not be able to answer you accurately. What I do feel is that the pressure of taxation on the middle segment is intense. Taxation on luxuries and wealth acquisition can be made more intense. Perhaps this will create some balance. Yes , you have done good research and provided factual information.
There is a another dimension that also needs to be explored. Government needs to spend less, spend smarter, spend within budget, publish and follow budget, etc.
No person gets to spend without some recognition of your budget and your ability to pay back all that you borrow.
We should be enforcing same limits on government. If government would just cut spending by 1% per year for next 20 years, the budget would easily balance. Is it really so hard to have the discipline to CUT your spending by 1% per year?
Yes . This makes sense to me. "Government needs to spend smarter ". It is not about less or more. It is about spending and budgeting smarter. Too much money is lost on loose and unnecessary ends. If Government looses money, public suffers.
It's probably because you haven't noticed the trend for the past 150 years of history of government Services Growing. If you don't want the services what then? Is it EVER your call to CUT the services?
Of course for most that doesn't Apply but this:
yes close to 90% which is where we were at an historical boom when they were paying LITERALLY, FACTUALLY, 90%.
The likely outcome is the as certain as the fact that you're using Biased Statistics to Lie with Statistics.