What's your fair share?

[barfo]

Are you really willing to pay up to 100% of your income every year? Assuming that the government efficiency remains roughly constant.

I didn't see where it said anything about government efficiency. Obviously if you change the entire structure of society (which 100% tax rate would certainly do) then everything gets thrown out the window.

barfo

 

[Denny Crane]

Are you really willing to pay up to 100% of your income every year? Assuming that the government efficiency remains roughly constant.

100% ain't enough. Give govt. that much and they'll still want to spend more.

 

[blazerboy30]

I didn't see where it said anything about government efficiency. Obviously if you change the entire structure of society (which 100% tax rate would certainly do) then everything gets thrown out the window.

barfo

There wasn't any mention of the efficiency. Do you think efficiency would get better if you were paying 100% tax rate?

 

[3RA1N1AC]

anyone who hasnt responded to the poll yet and is asking others what their percentage would be is a complete fuddy duddy

 

[e_blazer]

It seems to me that the poll is asking the wrong question. It isn't really valid to ask what your fair share is without discussing "share of what?" The better question to start with, IMHO, is what percentage of GDP should be allocated to government expenditures? If the federal budget were in the billions instead of trillions, there wouldn't be a need to be talking about upper brackets in the 40% range. The basic problem is we're spending too damned much, not taxing enough to cover it, and mortgaging our kids' futures by borrowing the difference.

 

[The_Lillard_King]

"Yeah," Romney said in an interview aired on Sunday on the CBS television show "60 Minutes," when he was asked if he thought his relatively low rate was fair.

 

[blazerboy30]

"Yeah," Romney said in an interview aired on Sunday on the CBS television show "60 Minutes," when he was asked if he thought his relatively low rate was fair.

I'm curious...

What do you think is a "fair" rate for Romney to pay, and what is a "fair" rate for you to pay?

 

[The_Lillard_King]

I'm curious...

What do you think is a "fair" rate for Romney to pay, and what is a "fair" rate for you to pay?

I'll gladly take Romeny's 14% . . . or Obama's 20%. Heck make us all pay 25% and I'll buy them both drinks for their extra contributuins.

 

[blazerboy30]

I'll gladly take Romeny's 14% . . . or Obama's 20%. Heck make us all pay 25% and I'll buy them both drinks for their extra contributuins.

So you believe it would be fair if everybody paid 25%?

 

[The_Lillard_King]

So you believe it would be fair if everybody paid 25%?

I believe the CG tax is way too low and has created a system where the rich get richer and the poor get poorer.

When I hear Romney made 14 million and only pays 14% taxes . . . and that 14% is only because he is running for presidency so decided not to take the charitable deduction otherwise it would have been an even lower percentage, then I beleive there is something wrong with our tax system.

So while I don't believe in a flat tax, I do believe our current tax structure is already easy enough on millionaires and billionaires and that some changes in the tax laws should happen.

 

[blazerboy30]

I believe the CG tax is way too low and has created a system where the rich get richer and the poor get poorer.

When I hear Romney made 14 million and only pays 14% taxes . . . and that 14% is only because he is running for presidency so decided not to take the charitable deduction otherwise it would have been an even lower percentage, then I beleive there is something wrong with our tax system.

So while I don't believe in a flat tax, I do believe our current tax structure is already easy enough on millionaires and billionaires and that some changes in the tax laws should happen.

That all seems reasonable, but the OP question was targeted at ignoring where the tax comes from (CG, state, fed, etc) and coming up with a fair, overall tax rate.