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Considering the possibility of winning a major jackpot, do you think the rich should pay more taxes?

Topic closed. 47 replies. Last post 6 years ago by ttech10.

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Would you gladly pay more taxes because you think it's the right thing to do after you're rich?

Yes, the rich should pay more [ 11 ]  [29.73%]
No, the rich already pay enough [ 20 ]  [54.05%]
Other (explain) [ 6 ]  [16.22%]
Total Valid Votes [ 37 ]  
Discarded Votes [ 3 ]  
wheeltowin's avatar - bee
Peoria IL
United States
Member #94520
July 21, 2010
63 Posts
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Posted: October 2, 2010, 11:08 am - IP Logged

What??? Already too many sucking off the tit of others...If you did not earn it, (quit breeding like it's everyone else's job to care for you and your git!)  And the real deal, what better way for the bankers and politicians to get rid of competion...make sure the "next" generation of an enterprenuer has to start from scratch. Everything your parents sacrificed and worked 14hrs a day to leave to thier families, gone to a corporation aka US gov. (corporate law, profits no matter the human expense). One more thing, when I am a million/billionare, I would like to CHOOSE when and where I give to others from my intelligence, my labor and my very limited time and energy allowed to me this life! At least that's what a "FREE" man or woman like myself believes....(your freedom comes from above, and you were born with it, your slavery comes from OBEDIENCE!)

Luck is when opportunity knocks and you answer.

    konane's avatar - wallace
    Atlanta, GA
    United States
    Member #1265
    March 13, 2003
    3333 Posts
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    Posted: October 2, 2010, 11:14 am - IP Logged

    I went with Other.

    There should be no taxes at all on gambling wins. We are one of the only, if not the only country that does it.

    I think for the sake of the poll, that most people who would vote the rich should pay more taxes would quickly change their mind about that right after winning a jackpot!

    I Agree!  Agree totally.  The US needs to eliminate all federal taxes including FICA and income tax .... plus all tax shelters ...... and adopt Fair Tax which is a consumption tax.  You don't pay tax until you buy something.  People below the poverty level get a monthly check to compensate for taxes they paid.  Fair for everyone, eliminates huge compliance costs for business so they can expand and hire workers.  http://www.fairtax.org/site/PageServer

    Good luck to everyone!

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
      United States
      Member #30470
      January 17, 2006
      10353 Posts
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      Posted: October 2, 2010, 7:04 pm - IP Logged

      The Death Tax right now is 0%. All of your money will go to your kids if you wish.

      The Dems are going to make the Death Tax 55% Jan 1st. Then your kids will get just 45% of any money you leave them.

      That's why I'm asking the question.

      If you win just a million dollars or two million dollars and die, do you really think the government deserves to take most of it away from your kids?

      That sounds preposterous to me. Especially when they just throw it away.

      Why would you put them before your kids?

      I wonder how much "spend it while you've got it, before they get it" this has caused to happen.

      Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

      Lep

      There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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        Sacramento, CA
        United States
        Member #96354
        August 28, 2010
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        Posted: October 2, 2010, 8:57 pm - IP Logged

        It depends on how you got rich. People listen to puffy lips (liberals) whining about the rich not paying taxes, but they ignore the fact that they do pay substantial amounts. The current tax codes penalize people whose efforts/risks result in successful businesses, or intellectual property worth millions. Those entrepreneurs should not be taxed in a manner that exceeds a commensurate percentile of any other tax payer. Indeed, they should be allowed to invest in more capital-building enterprises, which will produce a viable tax base. People who inherit large sums should pay their fair share, absolutely. Public officials should receive higher tax burdens if their income is above the median for their state, or district. Taxes on lottery winners are brutal. It is quite alarming to see the taxes withheld from winnings for lump sum options. (What is surprising is that the 26 payment option results in no tax penalty. Do the math) What is purely academic here is not the discussion of taxes, it is rather how our taxes are wasted on useless weapons (Like the B-2 Stealth Bomber, and the F-22 Raptor) and pork barrel crap that should send some of our public officials into prison!

          Avatar
          CA
          United States
          Member #84266
          December 26, 2009
          410 Posts
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          Posted: October 3, 2010, 3:05 pm - IP Logged

          They should eliminate all taxes on production/income.  Revenue can be collected via a national sales tax like states do.  That way everybody pays taxes according to their wealth (the amount they spend) and it eliminates all tax loopholes.  Also money launderers, drug dealers and other criminals would be forced to pay taxes via their spending.

          I like that idea but how much sales tax would you be willing to pay if all other taxes are gone?

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            Sacramento, CA
            United States
            Member #96354
            August 28, 2010
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            Posted: October 3, 2010, 4:38 pm - IP Logged

            Badboy has the right idea, but he may not realize the scope of taxation, which entails our government's insatiable appetite for money. Archimedes said "Give me a lever, and I'll move the world". Liberals say "Give me power to tax my subjects, and I'll rule nations". Did you know there is no law in effect that authorizes the Federal Income Tax? We pay taxes on our income to the Federal Government because we've been TOLD to pay taxes on our income to the Federal Government! We've been bullied, propagandized, imprisoned and audited by Big Brother to feed their coffers on their sole authority, which is not derived by actual statutes specifying income taxation.  I'm afraid whatever means the government can engender to compel us to hand them our hard earned cash, they'll always have a 'lever' to enslave us to their designs.

              BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
              Magnolia, Delaware
              United States
              Member #18795
              July 20, 2005
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              Posted: October 3, 2010, 5:47 pm - IP Logged

              They should eliminate all taxes on production/income.  Revenue can be collected via a national sales tax like states do.  That way everybody pays taxes according to their wealth (the amount they spend) and it eliminates all tax loopholes.  Also money launderers, drug dealers and other criminals would be forced to pay taxes via their spending.

              No Way! That is not the way to go! What are people to do when the tax for some are going to be way out of line with the rest of the country? There are some cities in some states that have already in place 3 different taxes. City payroll tax, County payroll tax and then the State payroll tax and then on top of that the state sales tax throughout that state! Good god people that isn't going to work!

              If it's going to work on a national level then all states with a state sales tax already in place is going to have to scale their tax way back and then those few places that have big payroll taxes on the city and county level are to stop that taxing all together. And if any of you out there think for one second that any city, state or county is going to roll back or change anything they are already doing to those who live within those boundaries that govern them, then you are looking through rose colored glasses and need to get a grip on the fact that we are all going to be screwed no matter what!

              Until there are term limits in both houses we are going to have more of the same, so learn to live with it! 

              A flat tax is the only way to go for every person over the age of 18 with no deductions of any kind for anything! 10% personal income tax or a 20% capital gains tax on investments (since the Gates and the Buffets and others like them live off their stocks and bonds returns). And last but not least 30% corporation tax on all corporations on US soil (foreign or domestic). Corporations that are here doing business with the American people for their products or services need to pay taxes on their profits! I could careless if those profits are going off shore or not, you made a profit off the American public you pay the tax period! 

              Keep dreaming the impossible dream, it just may come true! Thumbs Up

                THRUST's avatar - f35l

                United States
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                March 16, 2010
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                Posted: October 3, 2010, 6:36 pm - IP Logged

                Leave all your money to the DNC. Thumbs Up

                $1,000,000

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                  NASHVILLE, TENN
                  United States
                  Member #33372
                  February 20, 2006
                  1044 Posts
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                  Posted: October 4, 2010, 9:39 am - IP Logged

                  Badboy has the right idea, but he may not realize the scope of taxation, which entails our government's insatiable appetite for money. Archimedes said "Give me a lever, and I'll move the world". Liberals say "Give me power to tax my subjects, and I'll rule nations". Did you know there is no law in effect that authorizes the Federal Income Tax? We pay taxes on our income to the Federal Government because we've been TOLD to pay taxes on our income to the Federal Government! We've been bullied, propagandized, imprisoned and audited by Big Brother to feed their coffers on their sole authority, which is not derived by actual statutes specifying income taxation.  I'm afraid whatever means the government can engender to compel us to hand them our hard earned cash, they'll always have a 'lever' to enslave us to their designs.

                  Davey, read the 16th Amendment.

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                    Sacramento, CA
                    United States
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                    August 28, 2010
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                    Posted: October 4, 2010, 6:24 pm - IP Logged

                    I read it, gasmeterguy. Now, show me that it was ratified, please. (Clue, it wasn't..) Then, please see Aaron Russo's documentary: "Freedom to Fascism".

                      BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
                      Magnolia, Delaware
                      United States
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                      July 20, 2005
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                      Posted: October 4, 2010, 6:59 pm - IP Logged

                      I read it, gasmeterguy. Now, show me that it was ratified, please. (Clue, it wasn't..) Then, please see Aaron Russo's documentary: "Freedom to Fascism".

                      Passed by Congress on July 2, 1909, and ratified February 3, 1913, the 16th amendment established Congress's right to impose a Federal income tax.

                      The financial requirements of the Civil War prompted the first American income tax in 1861. At first, Congress placed a flat 3-percent tax on all incomes over $800 and later modified this principle to include a graduated tax. Congress repealed the income tax in 1872, but the concept did not disappear.

                      After the Civil War, the growing industrial and financial markets of the eastern United States generally prospered. But the farmers of the south and west suffered from low prices for their farm products, while they were forced to pay high prices for manufactured goods. Throughout the 1860s, 1870s, and 1880s, farmers formed such political organizations as the Grange, the Greenback Party, the National Farmers’ Alliance, and the People’s (Populist) Party. All of these groups advocated many reforms (see the Interstate Commerce Act) considered radical for the times, including a graduated income tax.

                      In 1894, as part of a high tariff bill, Congress enacted a 2-percent tax on income over $4,000. The tax was almost immediately struck down by a five-to-four decision of the Supreme Court, even though the Court had upheld the constitutionality of the Civil War tax as recently as 1881. Although farm organizations denounced the Court’s decision as a prime example of the alliance of government and business against the farmer, a general return of prosperity around the turn of the century softened the demand for reform. Democratic Party Platforms under the leadership of three-time Presidential candidate William Jennings Bryan, however, consistently included an income tax plank, and the progressive wing of the Republican Party also espoused the concept.

                      In 1909 progressives in Congress again attached a provision for an income tax to a tariff bill. Conservatives, hoping to kill the idea for good, proposed a constitutional amendment enacting such a tax; they believed an amendment would never received ratification by three-fourths of the states. Much to their surprise, the amendment was ratified by one state legislature after another, and on February 25, 1913, with the certification by Secretary of State Philander C. Knox, the 16th amendment took effect. Yet in 1913, due to generous exemptions and deductions, less than 1 percent of the population paid income taxes at the rate of only 1 percent of net income.

                      This document settled the constitutional question of how to tax income and, by so doing, effected dramatic changes in the American way of life. US Flag

                      I guess that means it was ratified by the required three-fourths of the states! Good try Daveyl Patriot

                      Keep dreaming the impossible dream, it just may come true! Thumbs Up

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                        Sacramento, CA
                        United States
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                        Posted: October 4, 2010, 9:34 pm - IP Logged

                        Baristaexpress, I'm afraid your description of the ratification process for the 16th Amenment was more wishful thinking by the official who declared it as being ratified, but he did not mention that the required number of states was not reached for official ratification, nor that the legislatures of certain states counted among those for ratification actually rejected the proposal. You might read Bill Benson's "We the People" webpage, and view Aaron Russo's documentary "Freedom to Fascism".

                          savagegoose's avatar - ProfilePho
                          adelaide sa
                          Australia
                          Member #37136
                          April 11, 2006
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                          Posted: October 4, 2010, 10:28 pm - IP Logged

                          im a firm believer in a flat tax rate. but i also see that richer people can afford more tax minimalization schemes.  here in oz the top personal tax is around 45% but top corporate tax is %30. so just by moving your winnings into a trust and having most of the money  paid as interest to the trust you can save %15!

                           

                          on say 10 mill thats  a saving of $90k a year. more than enough to pay the fees involved. of course you will still want some of the money and what you get out the trust still gets taxed at personal rates.

                          i think one of the reasons the rich get taxed more is they can afford to avoid taxes.  no one on min wages is looking at tax reduction plans or has the $1000's spare dollars to implement one.

                          prob i see with flat tax is the rich will still use avoidance,  so end up paying less of a % of their income. so could be that poor pay %15 flat tax and rich end up paying %10 flat tax.

                           

                          i would want a flat tax with no deductions, but thats what accountants, tax specialists and lawyers get the big bucks for, finding ther loopholes

                          2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                          keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

                            Hermanus104's avatar - 5027340606 1e360c8038_s.jpg
                            Northern Virginia
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                            December 5, 2009
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                            Posted: October 5, 2010, 12:02 am - IP Logged

                            I went with Other.

                            There should be no taxes at all on gambling wins. We are one of the only, if not the only country that does it.

                            I think for the sake of the poll, that most people who would vote the rich should pay more taxes would quickly change their mind about that right after winning a jackpot!

                            I agree with this. I think that:

                            1) Lottery winnings should not be taxed, or

                            2) The lottery prize that is displayed should be the jackpot AFTER tax.

                            You WON the money, why should the government have the right to take it away from you?

                            Today's winning 3-ball is going to be a number between 000 and 999.

                            In a lot of states, lotteries benefit education. That makes the REAL winners the only people who can't play!

                              lank's avatar - Lottery-026.jpg
                              albany georgia
                              United States
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                              October 15, 2007
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                              Posted: October 5, 2010, 12:49 am - IP Logged

                              Well did not know where to post this    But I Just strach off 25,ooo.oo on the  Red hot Millions here in GeorgiaParty