tax? I am cause it should limit future increases in taxes for the middle class.

It'll prevent working people from accumulating enough to retire.

Well it depends. You ever read how income tax was going to force the wealthy to pay their fair share? Middle class folks all over the U.S. were clamoring for an income tax. Guess who learned how to evade it and who had to pay it? A wealth tax would soon be on every dollar you had saved or invested and every acre you own.

Define wealth.

You’re just jealous not everyone is a worthless sack of chit like you.

How about a too lazy to work and just vote for a living tax

We don’t need more taxes just fewer leeches and less wasteful spending. It’s easy to be for something when it won’t affect you

I support some new taxes I guess lol

I think they should keep more of their money so they can spend it on lavish things to keep the poor working and paying taxes.

Bingo, but trying to explain this to the brainwashed, I want everything given to me by the gu'mint, airheads is like talking to a brick wall!
Tax the rich.... The rich is like ok no problem, I will call my cpa first, then I will lay off the necessary amount of employees to leverage any affect it may have on me. Then I will freeze hiring, raise the price on my goods, cancel bonuses and raises, possible shutdown American factories and relocate in China or mexico where the labor is cheap. then to celebrate I will take my yacht on a 3 month cruise!!!

It ALWAYS affects the middle class, and the poor only get poorer and more gu'mint dependent! Which creates more votes for the free handout Democrats!

If you voted for Biden just man up and pay your fair share .

About the size of it.

And at what moment?

And who decides how much it is?

And how do you tax it?

Personally I think the whole concept is nothing but a way to get at my IRA.

How about we just save the trillion dollars they are gonna blow on the green new scam because everyone with the IQ of a head of broccoli knows the world is not gonna end in 8,10, or 12 years because of carbon dioxide, especially those planning on getting rich off of it. Those dumb enough to swallow it really don't need to be making any decisions for themselves much past fries or baked potato.

How about every person pay 10% of their total income and do away with EIC & Child Tax Credit & Alternative Energy Credit, and all those other credits which are just wealth transfer anyway. Stealing from those that produce and giving to those that don't.

And how about a maximum annual tax liability? Some folks are hauling far more than their fair share of the load.

Isn't that the modern ideal? Making it fair for everyone.

anyone making over 70 K a year

Spot on, liberal democrat fugs allways cry to tax the rich but there aren't enough rich people to steal from to make a difference the middle class from the lower end to the higher end of the middle class allways take it in the ass for these tax the rich bullshit ideas. No matter what rate you stick it to on the rich it will bite everyone in the ass. Mpat70 hit it , you jump the tax rate on the rich they quit doing venture capitalism (that means jobs for those who don't obli) and they quit giving to charitable causes that help the poor. The advantages of being "comfortable" are many ,one of them is being able to afford top flight tax advisors that tell them what deducts they can and should do. Whether the commie bastards like that or not well off people don't want their tax dollars buying 900 dollar toilet seats either. When their tax man tells them to the dollar what contributions to make to minimize their tax burden they listen and do it. Mb

Maybe in Auburn, AL. No way in Westchester, NY or San Francisco CA.

Democunts should pay all the scatterbrain taxes. They voted for the mutherfuuuckers.

Just one more nail in the full commie coffin. I would have bet sad SAC would just adore it.

How about we just tax everyone the same percentage then it will be fair. Same for everybody. If people don't make enough. Find better jobs or learn a skill that is worth more. Punishing the successful and people who work harder,innovate and risk more is plain theft.

that would be racist my friend

I know some very wealthy men who paid a lot of taxes and worked hard to get where they are. I know some other very wealthy men who have been a tick on society's butt their entire lives and did little to pay their way. You can't generalize. Mostly, it seems like those who are paid for the work they do are always going to shoulder the burden for those who profit from their work. In the end, we alone can decide whether or not we have paid our own way and take pride in the fact if we have or excuse the fact that we have not. I don't much care what others may do or what they may pay; or not. It's only when their profit is at my expense that I may begin to care. One thing for sure, one who does not pay his own way will certainly get no admiration. GD

SAcharlie blowing the homeless guy

Who defines wealthy? It also occurs to me that punishing success, is unamerican.

Given that the top 100 wealthiest people in the U.S. almost all are huge donors to the democratic party I'd say it's fairly certain a wealth tax won't be implemented unless it contains some massive loopholes for these individuals.

It should be evident to anyone watching nowadays that "tax the rich" really means tax the middle class and upper middle class. You often hear people wondering why the rich support democrats, it's because the truly rich like Bezos, Gates, Buffet, etc. get richer from all the perks and tax laws the dems write for them. If you're a plastic surgeon making $1 million a year then you're going to get your ass handed to you under the dems, all the little socialists cheer that on because they think that doctor is rich. That's not rich, Bezos is rich and he's sitting there laughing while he calls Chuck Schumer with his next request for the upcoming Senate session.

That's generally considered income. It seems that wealth would be defined as a person's net worth - the value of total assets minus debt.

It is unconstitutional, but then again, so is an income tax. Liberals suck.m
I would support a poll tax, however, after the proper constitutional amendment was approved and ratified.

It does seem to always end up that way.

Your example of the $1M earner not being wealthy is correct.
So far the talk of a wealth tax has been on those with wealth over $50,000,000 paying an annual wealth tax of 2 cents on every dollar over that $50M. Those bove the $50M mark is roughly 143,000 people or 00.1% of total taxpayers.

The issue of a wealth tax gains support when you consider tax policy in the US is not just federal income tax but covers all tax starting with the city, the county, the state and federal. Also tax policy is used to create and maintain a caste system. Its easy to see on the city and county level with just a property tax.
Joe owns a $500k home with $1m liquid assets so his net wealth is $1,500,000 and pays an annual tax on his $500k home which is 33% of his wealth.
The surgeon owns a $2m home with $5m liquid assets, net wealth of $7,000,000, pays annual tax on the $2m home which is 29% of his wealth.
The 00.1% wealthy guy owns 2 or 3 homes worth $15m and $85m liquid assets so has a net wealth of $100m, pays an annual tax on the $15m homes which is 15% of his wealth.

Those wealthy 143,000 known as the 00.1%ers and especially the billionaires in that group always want to include all the working professionals. Its easier to hide among 1% than 00.1%

Fixed.

Per the IRS, in 2017 the top 1% paid more than the bottom 90%. Doesn't seem very fair to me.

You think they shouldn’t? Income tax should be illegal imho, but even if they instituted it at the most equitable model as a flat percentage, the top 1% would on paper pay a higher percentage of the income taxes collected.

How about a government employee tax? All government employees top to bottom pay another 5%.

Then of course, they’ll write themselves a 6% raise.

See how that works?

I don't think that a person's income should be taxed at a higher and higher percentage as their income grows. I would prefer that it would be a flat percentage... the same rate for everyone and yes the wealthy would pay more dollars than lower income folks. Do away with deductions and make a simple flat percentage tax for everyone. File your taxes with a postcard.

why should anyone pay anymore than 15% total,( local state and federal) of their income to taxes regardless of their income?

How about:
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Wait
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.LESS GOVERNMENT!!!

How does a person that makes $100,000 owe the government more than a person that makes $50,000?

Does the higher paid person require more government services?
Do they cost more to maintain?
Do their ballots cost more to print?

Seems more like confiscation than a tax. Elizabeth Warren's plan is to TAKE 2% of the wealth. So essentially she wants the government to step in and confiscate wealth until those people have an acceptable amount of assets. 2% doesn't sound like a lot until you pay it year after year for 20-30 years.

It's a higher rate than what the U.S. pays in interest (Currently 1.25% on a 30 year treasury note).

The majority of the super rich have their wealth in stocks, which means they would have to sell to pay the confiscation. That would drive down the price of their stock and lower their overall wealth. Would E Warren then pay a refund for over confiscation?

Sounds like you're talking counting heads.
In reference to an income tax that's what is being taxed, income. Income derived from working for or with others within this country. The earner didn't lay a golden egg as his income all by himself.

Why are Liberals always so much more fixated upon taking from producers than they are in enabling consumers to become producers?

I mean duh... envy is a lot easier to tap into than industriousness...

I think they shouldn't. There SHOULD be a maximum per annum tax liability.

Give everyone a chance to support the government they are so fond of.

Why should the richest hog that privilege?

We have enough taxes already, what we need is a government that spends less.

Anyone who has more than her?

We need a stupid tax. The stupid like SAC should lose their reproductive capability.

As an alternative to new or increasing taxes, how about making usury illegal?

LOL

She only gets used when its late and the bar guys are real drunk.

Taxes tend to suppress the things they tax or force that thing into the underground / black / illegal economy.

You tax gasoline enough people reduce their driving or replace the energy source.

You add payroll taxes to businesses they reduce employees

You tax wealth you reduce wealth.

Only an individual who was ignorant of taxation, economics and human nature would support a wealth tax. Or was an individual driven by envy, jealousy and self contempt at their inability to do better for themselves.

The majority of the middle class and lower income class has their wealth in their homes which ARE taxed annually as a wealth tax
Virtually all of the lower income class, if they are home owners, pay more property tax than income tax.
Over half of the middle class still working pays more in property tax than income tax.
The majority of retired middle class pays more in property tax than income tax.
Tax policy is shrinking the middle class and expanding the lower income class.
Tax policy is a caste system by design.

Democrats should pay more.

Anyone???

Less Government is key.

Perfect! A jealousy and Envy tax.

The issue of a wealth tax LOSES support when you consider the fact that it is NOT YOUR MONEY. This simple idea seems lost on leftists. Why should one feel entitled to the efforts, time or money of his more successful neighbor? Is your less prosperous neighbor welcome now to come to your home and take possession of your belongings? Of course not. Practically speaking, a "wealth tax" would simply drive more of people's wealth overseas or underground. Finally, Why does government need more funding at all? Since government spends a lot but produces no goods, shouldn't the term "government money" be replaced with "money taken from neighbors who earned it"? Something about "coveting your neighbor's ass" comes to mind, and it is to be discouraged.

Then what'll they spend our money on?

Why would any moron feel giving the government more money (power) is a good idea? Stupid.

So those that make money , live below their means , sacrifice to save , invest and take risk and build wealth pay a tax and those that spend every dollar they make don't pay. I don't care what the thresholds are its morally wrong. The post gives you a look into the mind set of the liberals. They think everything is community property especially your wealth. Liquid assets ??? What a crock of crap.

Remember adds on TV for US Savings Bonds.
Remember when saving was morally responsible.
Remember when our economy was based on production of goods?

Today, our economy is based on money changing hands, (so that some % may be siphoned off as taxes at every exchange)

.gov thinks that stimulus packages are good, because that money is expected to change hands enough times for them to get it all back. If one does like us and drop it into a savings account, they get none of it back.

Today, they teach that it is immoral to save money. Saved money is not taxed, is not doing anyone any good.

We must tax savings. Just ask any Leftist.

My property taxes are a wealth tax and from what I can tell, there is no stopping them from increasing it.

I do not know where you get your data.

My property tax on 20 acres and a home plus license fees on three autos, ATV, and boat plus insurance costs on all the above come nowhere near my Oregon State income tax. And Oregon State is considerably less than Fed tax. If we add my annual fuel bill into the above list, it would just about match Oregon tax. Add in the annual power bill for the house with the fuel bill, and it would about match Fed tax.

Does FOS have any signicance to you.

You know that once this law is on the books, it becomes easy to just change the threshold of what "wealthy" is. We will be told the $50MM threshold didn't meet revenue targets, so now it's $25MM, then it will become $10MM.......Next thing you know people have to sell their family farms to pay the tax.....

Just a democrat tax is all that’s needed.