Quantcast

Comments about ‘The wealthy won't simply stand by and pay higher tax rates’

Return to article »

Published: Friday, Jan. 25 2013 12:00 a.m. MST

Comments
  • Oldest first
  • Newest first
  • Most recommended
1conservative
WEST VALLEY CITY, UT

Lots of liberals in denial here.

Repubs. tried to tell them this would happen.

I know a few wealthy individuals, (wealthier than me anyway). I can think offhand of two things they have in common.
1. they aren't stupid. they will keep as much of their money as possible to expand their businesses and/or buy stuff they like. (no, they don't keep it under their mattress!)
2. they are invariably PATRIOTIC. If they believed for a minute that the government would spend their tax dollars wisely, I suspect they wouldn't mind an extra 5 or 10% to get the country back on a solid financial footing. Giving more money to the government is like providing a drug user with more drugs.

More tax revenue solves nothing unless government spends less.

Mike Richards
South Jordan, Utah

Look at how outraged the Left is ehen those that that prey upon won't just sit back and be fleeced.

What a tradgedy. Obama promised the Left that they would never have to work again. He promised them that some rich guy would pay for all free services. It turns out that he still flies around the country in America's largest private jet, vacationing and playing golg while every family in America pays an extra $1,200 in taxes.

Way to go Mr. President. You got "yours" at the expense of every family in America. Meanwhile that rich guy is leaving the nest that you soiled.

Tyler D
Meridian, ID

@1conservative – “If they believed for a minute that the government would spend their tax dollars wisely, I suspect they wouldn't mind an extra 5 or 10% to get the country back on a solid financial footing. Giving more money to the government is like providing a drug user with more drugs.”

Your point may be credible and open to debate if conservatives showed the same level of outrage under Bush Sr., Bush Jr. and especially St. Reagan (when tax rates were much higher). But that was clearly not the case, your cries ring hallow.

Eric Samuelsen
Provo, UT

I agree that a 75% marginal tax rate would be counter productive. Since no one is talking about imposing that, I'm not sure how it's germane. Essentially this article says that rich people don't like paying taxes. In other news, tomorrow's sunrise will be in the east.

The Taxman
Los Angeles, CA

This article is about as misleading as possible. It implies people are leaving due to high tax rates, but the truth is (as Truthseeker points out) the reporting requirements (particularly the new FATCA requirements requiring disclosure of offshore bank accounts) are extremely onerous and the penalties for noncompliance are high. The percentage of Americans leaving is miniscule, but the reason for any spike is the new reporting requirements. By the way, if you want to live in an industrialized country, income taxes plus VAT/GST will probably equal or exceed the individual tax burden here. In addition, Internal Revenue Code Section 367 imposes a steep "exit" tax on those leaving, so the wealth does not go untaxed.

Ultimately, if you want to leave for a substantially lower tax burden, you must first pay the exit tax and then relocate to a tax haven country (generally an island) with little infrastructure, and few services. Personally I would go to Singapore, but crowded cities aren't for everybody (and they still impose not insignificant individual taxes).

LDS Liberal
Farmington, UT

Mike Richards
South Jordan, Utah

It turns out that he {Pres. Obama] still flies around the country in America's largest private jet, vacationing and playing golg while every family in America pays an extra $1,200 in taxes.

9:50 a.m. Jan. 25, 2013

===========

I'll make you a deal Mike.

I'll gladly pick up your cut-of-the-tab for a presidential plane ride (a whopping 1/100th of a penny per American)
if
You pick-up MY cut-of-the-tab for Bush's Wars ($7,200 per American).

Do we have a Deal?

JoeBlow
Far East USA, SC

It is undeniable that the wealth in this country is steadily collecting at the top. Absolutely undeniable.

Unless one can cite reasonable studies that suggest that this upward movement of money is due to smarter and harder work, coupled with studies that show that the poor and middle class are getting dumber and lazier, the only reasonable explanation is that the system favors those with money.

Mr Romney is a perfect example. Lets compare him to Mickelson.

Mr Mickelson earns his money. And he pays taxes on the money he makes paying golf and thru endorsements. Can someone explain the fairness in that he pays 4 to 5 times the tax rate than Mr Romney?

Tell me the system is not rigged.

(additional point. I find it hard to believe that Mickelson is actually paying 62% of his income in taxes)

Mike Richards
South Jordan, Utah

@LDS Liberal,

I'll gladly pay the $7,200 that you've assigned to Bush for acting like a President and doing his job as required by the Constitution and his oath of office to defend this country from all enemies foreign and domestic IF you pay the $16,666 that I owe because Obama increased the deficit by $5.5 TRILLION during his first term in office.

How much of Obama's deficit is Constitutionally allowed? How much went to defense? As far as that goes, how much of the defense budget goes to the company that you work for?

Those "rich guys" that you on the left expected to pay your share of the "goodies" are thumbing their collective noses at you and telling you to act like an American and pay your own share. Hooray for the "rich guy". They're acting just like the founders who refused to pay the tea tax to King George. They've paid their share. You and your friends want them to pay more. It looks like Obama was wrong. It looks like you and your friends were wrong. The "rich guy" has had enough.

summit_heights
USA, UT

Does no one here posting not see the irony and hypocritical nature of this argument, voted for in this last election? Nearly all posts on here disparage the wealthy as greedy and wanting more for less. Is not what your criticize them for doing, exactly what you yourselves are doing? You want more for less, no? You want a better comparative tax rate for yourself, higher wages for yourself, etc.

"That wealthy guy has so much he doesn't know what to do with it, make him pay more!" is all I hear. Do you realize that from the perspective of most people around the globe, you are that wealthy guy?

So all know where I am coming from, I am not wealthy nor near it. But I do not believe that me paying no federal tax, but perhaps some sales tax, etc. and someone that has worked hard and been fortunate in many ways paying 39%, etc. is anywhere near something that could be called "fair share." That's ridiculous, and based in envy and greed: just what people accuse the "wealthy" of being.

atl134
Salt Lake City, UT

Tax rates went up to the levels they were at during the 1990s... I don't remember the wealthy crying out then about how everything was so unfair and since wealth concentration has increased at the top over the past 30 years, they're doing pretty darn well for themselves.

atl134
Salt Lake City, UT

@Mike Richards
"Look at how outraged the Left is ehen those that that prey upon won't just sit back and be fleeced."

The Right gets pretty outraged when those they prey upon (Medicare/Medicaid/welfare recipients) won't just sit back and be fleeced so they can make our defense spending even more rediculously high, and cut taxes even more for the rich who have done jack squat to create jobs lately despite record-breaking profits.

Truthseeker
SLO, CA

The top 1% average individual federal income tax rate in 2009 according to data from the CBO was 21%. Between 1979 and 2009 the peak average tax rate paid by the top 1% was 27.5% in 1996.

The average corporate income tax rate in 2009 was 5.2%. Peak was 11% in 1979.
(source: Historical Average Federal Tax Rates for All Households at the Tax Policy Center)

Those at the top are seeing their wages rebound quite strongly in the recovery. Following a 15.6% decline from 2007 to 2009, real annual wages of the top 1.0% of earners grew 8.2% from 2009 to 2011.

The real annual wages of the bottom 90% have continued to decline in the recovery, eroding by 1.2% between 2009 and 2011.

Wage inequality grew substantially over 1979–2007, lessened in the 2007–2009 downturn, and began expanding again in the 2009–2011 recovery.

Given the strong stock market recovery and wage growth at the top, the top 1.0 percent’s overall incomes (which include wages, capital gains, and other returns on financial assets) probably grew strongly in 2011, thereby increasing income inequality.

Ford DeTreese
Provo, UT

Gee, Mike. I sure hope you're one of the wealthy who is trying to protect his wealth. Because if you're one of those getting a smaller portion of the income pie (that has grown at only 2.7 percent per year since 1980), you sure look silly flailing away at the symptoms of a serious illness you fail to even see.

isrred
South Jordan, UT

So is the author arguing that there were NO RICH PEOPLE in the United States in the past century when top tax rates were more than DOUBLE what they are right now? Did ALL the "rich" people leave back then? Methinks not.

Emajor
Ogden, UT

Mike Richards,
You weren't being truthful in your earlier post. At all.

"Fleeced"? A return to Clinton-era tax levels in not being fleeced. If you have to grossly exaggerate to make your point, it isn't a very good point.

"Obama promised the Left that they would never have to work again."

Holy cow! I really, really didn't like W. Bush, but I never told a Pinocchio nose-grower like that one!

Blaming the president for the $1200 tax "increase" is completely false. The 2% increase in payroll taxes was the expiration of a TEMPORARY tax holiday which neither party in congress had much interest in renewing. It was designed to expire at that time. Here is a direct quote from a news story: "Obama pushed hard to enact the payroll tax cut for 2011 and to extend it through 2012. But it was never fully embraced by either party". You should be thanking Obama for creating the temporary tax break.

"You got "yours" at the expense of every family in America"

That's false & easily debunked if you read the news about the payroll tax holiday .

Bill in Nebraska
Maryville, MO

Some one mentioned that the best way to solve this is a flat tax. Here are some of the pros. Everyone including your non-profit organization pay the same tax. There are no exemptions, nothing to make it easy for someone to put their money elsewhere. The tax is fair across the board. The person making $1 pays the same as the person make 1 million. No one is let go. Everything is equal.

The con is that this is a tax increase for many who never have paid taxes before and a tax decrease for those who we say can afford to pay the higher tax rate. Will non-profit organizations such as churches, red cross, boy scouts and others survive when the charitable contributions they get are no longer tax exempt. These are the questions that many ask. Yet this is by far the fairest and most economical means for all to pay.

The taxable wage base is a mear 110,000 I believe for this year. Everyone who makes more than 110,00 pays SS taxes up to that 110,000. After that no SS tax. You decide what is best for the country.

Mike Richards
South Jordan, Utah

The top 1% pay 36% of all taxes.

The top 5% pay 59% of all taxes.

The top 10% pay 70% of all taxes.

The left wants the top 10% to pay all taxes. The left does not believe in equality. The left does not believe in responsibility. The left does not believe that every citizen is responsible to pay for the government that he demands.

The left believes that the right should pay the taxes and the left should get the benefits. Obama proves that with his days on the golf course, his nights in the private bowling alley, his countless trips around the country ripping the "rich guy" for not providing better meals, better housing, a bigger jet - for him. Obama cares nothing about you and me. He socked every family in America with an additional $1,200 tax bill, but he has not turned off one light in the White House to show his support for the plight of those he "rules over". You can bet that his chef does not feed him bread and milk for dinner.

Meanwhile, his followers parrot him even as they demand services that they refuse to pay for.

oldasdirt
Grantsville, UT

I do not know what the fair share for wealthy should be. For that matter, what is it for everyone else? I do know that most of us live, shop, travel and whatever based on costs. Taxes are just another cost. Why do we look for bargains, shop at discount stores. Maybe we should all buy American and paid the sticker price for cars. Most people do not mind spending extra for goods or services if they receive an added value. What added value do you receive from paying additional taxes to a government that cannot control it's spending?

LDS Liberal
Farmington, UT

Mike Richards
South Jordan, Utah
@LDS Liberal,

I'll gladly pay the $7,200 that you've assigned to Bush for acting like a President and doing his job as required by the Constitution and his oath of office to defend this country from all enemies foreign and domestic

==========

First of all --
In my opinion, the Bush Wars were never "Constitutional" to begin with.

1. Congress declares war - not Bush -- per the Constitution [you must've been asleep at the switch on that train wreck],

2. The "War Powers Act", was completely ignored and "should" have limited military activity to 60 days -- not 13 years.

3. What enemies? Iraq never invaded or declared War on the United States, neither did Afghanistan.

Pay up...

BTW - Everything else in your rant about Obama and bowling alleys, bigger, jets, his hate of "rich guys", imaginary $1,200 tax increases that never were, and bowls of bread and milk is beyond further comment.

Emajor
Ogden, UT

Mike Richards,
You're making a lot of oversimplified self-serving statements here.

"The left wants the top 10% to pay all taxes"

Wrong. Maybe some do, but certainly not all. Certainly not me.

"The left does not believe in equality. The left does not believe in responsibility"

More insults. More whining. Highly, highly debatable & vague premise.

"The left believes that the right should pay the taxes and the left should get the benefits."

Wrong. There are rich liberals and poor conservatives.

"The left does not believe that every citizen is responsible to pay for the government that he demands"

From what I can tell, this afflicts both political wings; conservative congressmen bring home plenty of federal pork to their demanding conservative voters. Utah's a good example.

"(Obama) socked every family in America with an additional $1,200 tax bill"

Wrong, wrong, wrong! I already explained that to you in my last post. Please use a search engine so you don't keep perpetuating this falsehood.

And Bush used far more vacation time than Obama, and was flown all over the place at our expense. I hope you didn't vote for him or your comment might be a little hypocritical.

to comment

DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.
About comments