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Comments about ‘Letter: Higher tax rate on top bracket doesn't invite pity’

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Published: Sunday, Jan. 13 2013 12:00 a.m. MST

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Roland Kayser
Cottonwood Heights, UT

There is nowhere in the developed world that a rich person can go and receive better treatment than they get in the U.S. Sure you could pay less taxes in Paraguay, or Uganda, or Bangladesh, but you really wouldn't want to live there.

Mountanman
Hayden, ID

Its not that the "rich" will leave the country and take their wealth with them, its that since we demonize and punish anyone who is successful in this country we will have much less of it at every level in our society; fewer inventions, fewer investments, fewer capitol risk takers, fewer entrepreneurs and fewer jobs means fewer taxpayers and less revenue to tax! Its like eating our seed corn so that in the spring, no new crops (wealth creation)are possible to harvest in the fall! If we punish the wealth producers, who will produce wealth? What will there be left to re-distribute? We can borrow $16.5 trillion but someday, someone will have to pay!

Emajor
Ogden, UT

Well, if someone considers a return to Clinton-era tax rates "class warfare", I suppose that only getting a 40-foot yacht instead of 44 really is the dawning of evil Communism. Some conservatives tell us that you can't be poor if you own a refrigerator or cell phone, but then tell us you can't be rich if another 4% taken off of income over $250K. How their heads don't immediately begin spinning in circles, I don't know.

Mr. Wyrouck, if you do gift your disability pension to the yacht earners, it will certainly be appreciated. It's less time and money they will need to spend on lobbyists to get favorable policies.

The Real Maverick
Orem, UT

Great letter. I highly doubt any would give up their citizenship to merely pay less in taxes. But if there are well go ahead and leave. Don't let the door hit you on the way out.

procuradorfiscal
Tooele, UT

Re: "Higher tax rate on top bracket doesn't invite pity"

The ones to pity are those who will lose jobs or stay unemployed because bloated government believes it has more need of a small company's money than do its potential employees.

This is not a war on the rich -- they'll make out OK -- as much as it is a war on those in the middle class that depend on small businesses for their jobs.

Which is to say millions of Americans.

But, hey, so long as the rubes -- I know, I know, the politically correct terms is "low knowledge voters" -- are taken in by the Obama regime's divisive lies, and so long as the politicos who pander to the rubes keep getting reelected, pity is all the suffering American middle class can expect from its government.

Mountanman
Hayden, ID

@ Roland Kayser. If what you say is true, the US should have rich people from other countries knocking down our doors to get their money here, so how come they aren't? According to the Huffington Post, the number of millionaires in America are decreasing at a rapid pace.

Ultra Bob
Cottonwood Heights, UT

Business and rich people have the ability to blackmail our governments by the threat of changing their residence. Foreign people who own businesses in the USA and earn their income from the American people, don’t pay income tax to USA.

Tax reform in the form of the Ultra Tax could eliminate the problems above and a host of other unfair inequities in the support of the American governments.

Institute a flat rate income tax to be applied to every income from every source without exception and without exemption. No deductions, no favoritism, no individual tax returns.

Collect the tax from the operation of any and all business operating in the US market. The amount of the tax would be a flat rate applied to every bit of money paid out of the business operation for every purpose. All money paid out of a business is income to someone, no matter if it is for inventory, wages, profits or even the special services fees from local governments. Include churches, charities, and all profit and non-profit.

Eliminate business income tax, death tax, special accounting and tax these as part of the flat rate income tax.

Christian 24-7
Murray, UT

I don't see any call to pity the rich.

I do pity those who think it is better to tax and redistribute than to create jobs. Creating jobs distributes not only the money, but creates the self respect that comes with the earning of the money, and creates great American products made by American minds, American capital, and American hands. Government redistribution takes away self respect and replaces it with idleness and a mental condition called entitlement mentality.

Government is not a creator, not can or should it be. Government is the ultimate money pit, deep enough to take all the wealth of the whole nation and it will still have want of more.

Government is what should have the size of its intake restricted to 16 oz (Perhaps translated to 16% tax?) so it doesn't stay so fat and bloated or get any more fat and bloated.

Truthseeker
SLO, CA

re:Mountanman
"fewer inventions, fewer investments, fewer capitol risk takers,"

Some of our best and brightest-engineering and math majors--are now working in the financial services industry where salaries are significantly higher than traditional engineering and science fields.

The U.S. lost wealth as a result of the economic collapse. Additionally, China, India have new economies which are expanding while the U.S. has a more mature economy.

Still:
"A recent survey from British analyst WealthInsight reports the U.S. has added 1.1 million millionaires since Obama was elected in 2008.(Huffington Post 11/2/2012)

"But even if it seems like America's wealthy are losing ground, they have a long way to go before losing their place as the richest group in the world. The U.S. still ranks first for number of millionaires, with more than 5.1 million households qualifying for the label, according to the report. Japan ranks second with 1.6 million millionaire households, followed by China.

Just 1 percent of the world's households controls 40 percent of the world's private wealth, the study said." (Huffington Post 5/2012)

The Taxman
Los Angeles, CA

I practice international tax for a living and am well acquainted with the tax laws of many countries as well as our own. Most of the comments regarding taxes I read on this board (not just regarding this article) display incredible ignorance.

For example, the notion that our progressive rates are higher than other countries' rates is hogwash. The notion that we "punish anyone who is successful in this country" is hogwash considering we have some of the lowest marginal individual rates around. The notion that our high individual rates are stifling job creation relative to other countries is hogwash. The northern European countries who are booming right now have higher tax rates than ours, and during the good 'ole days when our country was booming, our tax rates were higher.

The statement "Foreign people who own businesses in the USA and earn their income from the American people, don't pay income tax to USA" is flat-out false. All effectively connected US income is taxed in the US.

The Taxman
Los Angeles, CA

"Institute a flat rate income tax to be applied to every income from every source without exception and without exemption. No deductions, no favoritism, no individual tax returns."

Please explain for us Ultra Bob, how much tax would be paid under your system by two electricians, one a small business owner and the other an employee. Assume the employee works for the small business owner (who provides his trucks, tools, materials, etc.) and pays him $100K salary. The owner, also an electrician, earns $800K, but pays $700K out in expenses (salaries to the other electrician and secretary, trucks, tools, materials, etc.). Assuming a 20% flat tax rate and no deductions (i.e., your proposed system), how much would each pay?

Roland left out Singapore in his first post, the one nice place (worth living) in my opinion that has lower individual tax rates than here. Otherwise if talking about tax treatment he is correct that it is hard for a rich person to receive better (tax) treatment than they get in the U.S. The answer to MM's question why don't rich people from other countries come may be because of our poor educational system and violent society.

Mike Richards
South Jordan, Utah

The greedy will always demand that someone else pay for their liberties, for their freedoms, for their healthcare, for their "cake". They want it all but are not willing to pay their way.

They would be incensed if they were asked to pay $8 for a gallon of milk because they had a job and the next person in the grocery line couldn't pay for his own milk, and yet, they think nothing of demanding that that poor person pay more property tax and sales tax to pay for their ticket to the symphony or the zoo.

Graduated taxes are a curse on society. They let politicians buy votes. They allow Obama to turn this country into a greedy, finger-pointing, hate filled nation where half the people demand that the other half work harder for less money so that they, themselves, don't have to work.

Shame on those who look with their greedy eyes on the wealth of the workers who produce jobs and run businesses. Shame on those politicians who prey on the those who covet wealth but who do nothing but complain.

The Taxman
Los Angeles, CA

"Graduated taxes are a curse on society."

And the ignorant comments continue...

One of the very few countries on our planet (the only one I have ever dealt with) without graduated rates (aka progressive taxation) is Russia. Graduated rates are not just the norm, they are the rule. This tried-and-true rule of graduated tax rates is followed by the whole world because they are considered fair (by all but the most radical of both sides of the political spectrum) and because they raise the necessary revenue to run an economy.

If you do not like graduated rates, Mr. Richards, I suggest you emigrate to Russia.

not here
COLORADO SPRINGS, CO

MT Man From Idaho:

From the coments you have posted on here about the goverment and now the rich will take there money and run. Well it suprize me that your still here, because alot of us thought that you would have been in the front of the line. Because of the hate you have showen for the President and the sitting goverment . Or is it you just like to whine?

BYR
Woods Cross, UT

The rich will not leave America. Only their money.

Wonder
Provo, UT

Taxman -- You are an expert on taxes, but don't expect any tea partier to believe anything you say. If Rush didn't tell them, then it just isn't true.

The Real Maverick
Orem, UT

The rich will leave America with tax increases just like the rich were supposedly going to create jobs after the tax cuts. How'd that work out for the rest of us?

Let them rise and let them rise greatly.

cpafred
SALT LAKE CITY, UT

@BYR
The United States taxes the worldwide income of its residents, so the income earned on their offshore money is taxable.

Mountanman
Hayden, ID

@ Roland Kayser. You referred to old issues of the Huffington Post for your information (1980) Try looking again at CURRENT information please! Its a different story today!

HaHaHaHa
Othello, WA

Love it when leftists get on here and proclaim themselves smarter and loftier then all others (the "ignorant"). We are supposed to accept and believe the "Taxman" at his word that he is an expert. Name one of the countries that he exaults as "the rule" on taxation, that isn't governed by progressives that believe in centralized bigger government. So what if they are a "democracy", and even practice snippets of capitalization? Why wouldn't the rich take their money elsewhere, to avoid taxes? Our leading leftist hypocrites do it all the time, John Kerry, and a multitude of entertainers come to mind. Half wit leftist think we are prospering under Obama because we supposedly dropped the unemployment from 9% to 8%. If this country is so bad in violence and education, why haven't all the rich left?

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