Whats Fair When it Comes to Taxes?

[mlmpetert]

Originally Posted by over the mountain

my lady currently works a part time under the table job, i wish she would collect unemployment and welfare, food stamps etc but she has too much pride. .. well, pride dont pay your cell phone bill does it honey pie?

what i dont agree with you on is i think rich people have way to many tax loopholes that they can make 10 mil a year but their taxable income is like 83k. i just reviewed a business owners tax returns, he made 113k and NONE OF IT WAS TAXABLE! WTF! he got money back.

Yeah you need to talk some sense into her! Maybe you could guilt trick her with something like “Do you think a person who accepts handouts should be looked down upon, or should a kid still be proud of his mom because she’s on welfare? Maybe I just think people can still be proud of the things they accomplish regardless of the circumstance they are in or the opportunities they are offered…..”

I also agree that we have too many loopholes or what i call incentives and i think everyone should pay the same percent. So if that number happens to be 9% a guy making 10 mill will be paying 900k in taxes and the guy making 113k will be paying 10k in taxes. If Warren Buffet make 100 million via capital gains he pays 9 million in taxes which would be more in dollar terms but equal in percentage terms as his security making 50k paying $4,500 in tax. No loopholes or incentives for anything except charity.