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Why the rich should pay more in taxes

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Old 06-18-2010, 03:00 PM   #1
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Why the rich should pay more in taxes

little-dog-large-estate: Personal Finance News from Yahoo! Finance

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When Ms. Posner died in March at age 67, Conchita and two other dogs inherited the right to live in her seven-bedroom, $8.3 million Miami Beach mansion, their comfort ensured by a $3 million trust fund.
Ohhh and it gets better! Check this out:

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In an interview with the Miami Herald in 2007, she said the dog's most precious possession was a Cartier necklace worth $15,000,
Can you believe this crap!?!? She had so much freaking money that she wills $3,000,000 to her dogs!!!!!!! And when she was alive she bought her DOG a $15,000 necklace!?!?!??! Are you freaking kidding me!? Its a dog! If you don't know who to give your money too; just give it to the Church or a Charity. Anything but an animal! I mean, what is an animal going to do with 3 million? NOTHING!!!! Talk about a waste! And if they want to go throwing money away like that they should pay more in taxes!

Obama better start taxing the crud out of these rich guys soon, because this is some Bullshit! Thats for sure!
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Old 06-18-2010, 03:10 PM   #2
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Re: Why the rich should pay more in taxes

I dont know about more taxes, but this story did interest me earlier. It really speaks to the fact of what people value these days. Instead of making a difference, this happened. This person has every right to make that choice, but it really just amazes me.
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Old 06-18-2010, 03:20 PM   #3
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Re: Why the rich should pay more in taxes

Class envy, wonderful. Why should the Fed have the right to jack people disproportionately (even more than they already do)?

Should I make a list of all the BS pay-offs and crap the politicians do with OUR tax dollars. Posner's doing better than the idiots running the country in that she died with a $26M surplus, not a $ 1T+ /yr. defecit.

P.S. Under the terms of Ms. Posner's trust, the mansion is to be sold after her dogs die, and the proceeds donated to charity.
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Old 06-18-2010, 03:48 PM   #4
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Re: Why the rich should pay more in taxes

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Originally Posted by Slingin Sammy 33 View Post
Class envy, wonderful. Why should the Fed have the right to jack people disproportionately (even more than they already do)?

Should I make a list of all the BS pay-offs and crap the politicians do with OUR tax dollars. Posner's doing better than the idiots running the country in that she died with a $26M surplus, not a $ 1T+ /yr. defecit.

P.S. Under the terms of Ms. Posner's trust, the mansion is to be sold after her dogs die, and the proceeds donated to charity.
No, dude! You got it all wrong! Conchita is doing better than the idiots running this country. She's got $3,000,000 to spend.

She can't even get into a store to buy anything with it! Dogs aren't allowed! I mean, what a waste! Three million just thrown away! Ms. Posner would have been better off donating that money to TheWarpath.net then giving it to her dog! Can you imagine TheWarpath having that kind of money? They would be able to bring our videos back! Think about it, with that kind of money they could pay the NFL enough to let us make videos of their games. And those were some AWESOME videos too! I miss those videos!
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Old 06-18-2010, 04:46 PM   #5
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Re: Why the rich should pay more in taxes

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No, dude! You got it all wrong! Conchita is doing better than the idiots running this country. She's got $3,000,000 to spend.
Actually the idiots running the country have an unlimited checkbook and have already run up $ 13T in national debt with another $8T or so coming in the next 10 years. Not to mention the $ 60T + in unfunded obligations of SS & Medicare.

At least Conchita has a limit.
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Old 06-18-2010, 04:54 PM   #6
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Re: Why the rich should pay more in taxes

I'm telling you, a Flat tax is the answer. The only people who don't want it are the rich cause it's a flat % based off their income. If you make less you pay less if you make more you pay more. Simple. No loop holes, no write offs. Just a simple % for everyone.
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Old 06-18-2010, 05:10 PM   #7
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Re: Why the rich should pay more in taxes

Got to love the estate tax. I wish the dogs all the best...they should enjoy themselves while they can.
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Old 06-18-2010, 05:24 PM   #8
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Re: Why the rich should pay more in taxes

Nimrod thinks the rich pay taxes! The rich can afford fancy lawyers, accountants, and have powerful friends that allow them to pay minor fines if they get caught evading, like Timothy Geithner.

"We don't pay taxes. Only the little people pay taxes. "

Leona Helmsley

I'm sure this logic will not get past your class envy.
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Old 06-18-2010, 05:30 PM   #9
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Re: Why the rich should pay more in taxes

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Originally Posted by Slingin Sammy 33 View Post
Actually the idiots running the country have an unlimited checkbook and have already run up $ 13T in national debt with another $8T or so coming in the next 10 years. Not to mention the $ 60T + in unfunded obligations of SS & Medicare.

At least Conchita has a limit.
But Sammy, money grows on trees and the Easter Bunny promised me a free meal?!
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Old 06-18-2010, 06:06 PM   #10
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Re: Why the rich should pay more in taxes

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Originally Posted by SBXVII View Post
I'm telling you, a Flat tax is the answer. The only people who don't want it are the rich cause it's a flat % based off their income. If you make less you pay less if you make more you pay more. Simple. No loop holes, no write offs. Just a simple % for everyone.
Why should you have to pay more in taxes for the more money you make? Just because a person earns more money you think the government should get to take more?
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Old 06-18-2010, 06:46 PM   #11
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Re: Why the rich should pay more in taxes

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Why should you have to pay more in taxes for the more money you make? Just because a person earns more money you think the government should get to take more?
Lets put it this way....

the poor can't pay taxes and most likely don't since they don't make enough money if any at all. The Rich hide behind their lawyers and loop holes and write offs. If you haven't figured it out yet you will the middle class is paying the dime, especially since there is so many of the middle class.

Under a flat tax, say a 10% tax on all earnings, everyone pays their equal share of the money they make. So yes if your making 1 mill a yr and I'm making 40,000 our 10% to the government would be different. You would pay more based off of 10% of your larger sum of money you are earning. The flat tax would be equal and fair for all. Everyone pays their 10%. No matter what they make.

Let me ask you this do you think its fair that the middle class should carry the burdon of the majority of the bill? or should everyone pay their part?
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Old 06-18-2010, 06:51 PM   #12
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Re: Why the rich should pay more in taxes

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Originally Posted by Trample the Elderly View Post
But Sammy, money grows on trees and the Easter Bunny promised me a free meal?!
Dammit Trample , I just spent an hour in one of my trees , and I found no stinkin money . But I did see a WABBIT !!
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Old 06-18-2010, 07:06 PM   #13
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Re: Why the rich should pay more in taxes

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Originally Posted by SBXVII View Post
Lets put it this way....

the poor can't pay taxes and most likely don't since they don't make enough money if any at all. The Rich hide behind their lawyers and loop holes and write offs. If you haven't figured it out yet you will the middle class is paying the dime, especially since there is so many of the middle class.

Under a flat tax, say a 10% tax on all earnings, everyone pays their equal share of the money they make. So yes if your making 1 mill a yr and I'm making 40,000 our 10% to the government would be different. You would pay more based off of 10% of your larger sum of money you are earning. The flat tax would be equal and fair for all. Everyone pays their 10%. No matter what they make.

Let me ask you this do you think its fair that the middle class should carry the burdon of the majority of the bill? or should everyone pay their part?
I wished everyone payed their part, but i know the reality that there are too many people taking advantage of the system for that to ever come true. As you said, the poor cant afford it, the rich work there way around it, and then there are too many free loaders out there that don't work that the rest of us pay there portion.
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Old 06-18-2010, 10:47 PM   #14
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Re: Why the rich should pay more in taxes

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Originally Posted by SBXVII View Post
Lets put it this way....

the poor can't pay taxes and most likely don't since they don't make enough money if any at all. The Rich hide behind their lawyers and loop holes and write offs. If you haven't figured it out yet you will the middle class is paying the dime, especially since there is so many of the middle class.

Under a flat tax, say a 10% tax on all earnings, everyone pays their equal share of the money they make. So yes if your making 1 mill a yr and I'm making 40,000 our 10% to the government would be different. You would pay more based off of 10% of your larger sum of money you are earning. The flat tax would be equal and fair for all. Everyone pays their 10%. No matter what they make.

Let me ask you this do you think its fair that the middle class should carry the burdon of the majority of the bill? or should everyone pay their part?
According to this study, the top 1% of income earners pay 40% of the taxes collected and more than all taxes collected from the bottom 95%:

The Tax Foundation - Tax Burden of Top 1% Now Exceeds That of Bottom 95%

"Some in Washington say the tax system is still not progressive enough. However, the recent IRS data bolsters the findings of an OECD [Organisation for Economic Cooperation and Development] study released last year showing that the U.S.—not France or Sweden—has the most progressive income tax system among OECD nations. We rely more heavily on the top 10 percent of taxpayers than does any nation and our poor people have the lowest tax burden of those in any nation."

Whether you agree with the system or not, it is pretty clear that, in the US, the rich pay taxes. BTW - Leona Helmsely went to jail and paid over 7 million in fines and restitution for tax evasion.
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Old 06-19-2010, 11:17 AM   #15
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Re: Why the rich should pay more in taxes

their money is less liquid, re-enters the system at a lower proportional rate, etc

money isn't infinite

that's why they should pay more
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