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What level of taxation is too high?

Discussion in 'The War Room' started by kpt018, Aug 7, 2018.

  1. kpt018

    kpt018 Gold Belt

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    If we were to accept the benefits of programs like medicare-for-all/single payer, free college tuition (under certain thresholds or free community college), jobs-for-all programs, etc. what is the level of taxation you guys are willing to accept to pay for these programs?

    I believe this is a genuinely difficult question to answer for myself personally. I see the benefits of all of these (skeptical of medicare-for-all, but that's a different thread topic) but I will personally be hurt quite a bit financially to make this happen.

    How do we answer this question? Do we balance personal sacrifice for the betterment of the country and to what extent?

    Here is an article for reference only discussing this issue:

    https://www.vox.com/the-big-idea/20...-cost-medicare-college-sanders-deficits-taxes

    Side note, if you disagree with the merits of these programs (you don't think they're helpful) then feel free to move along or just read the thread. This is more about how much you would sacrifice personally and how much you think society in general should sacrifice for the good of the country.
     
  2. Rational Poster

    Rational Poster War Room Messiah Platinum Member

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    People making more than 250K in personal income should be taxed between 50-60% on any income above 250K.

    Between 0-250K taxes shouldn't be higher than 25%.

    0-50K should pay no taxes and we can stop wasting time and money on refunds.

    400K for joint filling.
     
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  3. Rygu

    Rygu Red Belt Platinum Member

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    Lol da fuq?
     
  4. abiG

    abiG Brown Belt

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    There should be no income tax for wage earners. There was never supposed to be.
     
  5. Rational Poster

    Rational Poster War Room Messiah Platinum Member

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    We don't need their money.

    The bottom 50% of earners only account for 3.3% of the annual revenue.
     
  6. kpt018

    kpt018 Gold Belt

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    That's not going to cover the costs of these huge programs, but how did you come up with these figures?
     
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  7. syct23

    syct23 ...ElipsisBelt...

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    You all remember when we went and tossed all that tea in the water lols...

    good times..
     
  8. Rational Poster

    Rational Poster War Room Messiah Platinum Member

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    I just made them up.

    The bottom 50% contribute 3% of the annual revenue. We literally don't need their money.

    Not only would it cover the current costs, we'd probably make more revenue.
     
  9. Rygu

    Rygu Red Belt Platinum Member

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    So if someone makes 55k they should pay tax but someone making 50 should pay nothing?
     
  10. wonderbread

    wonderbread Stiff Member

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    Flat tax - everyone pays the same.

    </problem>
     
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  11. snakedafunky

    snakedafunky Red Belt

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    Not sure about the exact number. But at a certain point, people shouldn't get any richer.
    Let's say 100 Million everything over that will be taxed or you have to give it away somehow.
    Of course, I have no economic knowledge how would that affect the economy.

    I just think that as a society it makes no sense to have super Rich people.
    I do not see how that furthers mankind.
     
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  12. kpt018

    kpt018 Gold Belt

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    Ok, so what is the rationale at least? I totally get and fully agree with the concept of a progressive tax system. But what do you mean by we don't need their money?

    The bottom line is that if we want these big programs in place we very much do need the middle class to pay more in taxes. There is just no way around it.
     
  13. Rational Poster

    Rational Poster War Room Messiah Platinum Member

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    I mean it can be a bit more progressive, I was ball parking.

    Bottom line is the bottom 50% don't need to pay income taxes.
     
  14. Son of Jamin

    Son of Jamin Make MMA Great Again

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    All I can say that as a Swedish citizen that is paying some 70-80%% of my income on various taxes despite not having access to adequate healthcare, a police force that is too small to protect the citizens is a clear cut example of a too high taxation.
     
  15. Rational Poster

    Rational Poster War Room Messiah Platinum Member

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    No we don't.

    The top 25% could cover the 3% lost revenue incredibly easy if they paid 50-60% in taxes instead of less than 40%.

    The bottom 50% would then have 50K/yr instead of 33K/yr and it would be great for the economy.
     
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  16. kpt018

    kpt018 Gold Belt

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    Ugh, this is off topic but I can't help but remind people this is always a bad idea but in a time of stagnant wages and growing income inequality the idea that high income earners should pay less and the working poor/middle class should pay more is a REALLY bad idea.
     
  17. Gutter Chris

    Gutter Chris Chiropteran Enthusiast

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    Can we maybe wait til a million to start whacking people by half ?

    I dont have a problem with progressive taxes but that seems like that might be a bit much . I think that might end up really fucking with small business owners and people that worked hard to get into the upper middle class and I think the real target should be the oligarchy class
     
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  18. Rygu

    Rygu Red Belt Platinum Member

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    If you tax people too high, they'll just move somewhere where taxes are lower.
     
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  19. kpt018

    kpt018 Gold Belt

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    Do you have something to back that up?

    Also, I gather your idea of fairness is that higher income earners (I believe $50k is above the national average) should carry the full burden of funding the country even when most of those benefits will benefit non-high income earners?

    I have to disagree. I think everyone working citizen making above poverty levels should contribute to the country since we all benefit from living here. I agree with making things more progressive btw, so I don't fully disagree with you. Raise the social security cap (or remove it entirely), make capital gains progressive, higher corporate taxes, etc.. But I can't sign-off on regular people not contributing at all.
     
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  20. kpt018

    kpt018 Gold Belt

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    Yeah see, this is why the question I ask is genuinely hard to answer imo. What is the right amount? How rich do you have to be?

    I think there are rational ways to do it. But I'm curious what people are thinking.
     
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