Controversial Clicky: Taxing the Super-Rich

mgoss228 · August 2011

http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=3&src=tp&smid=fb-share

[Poll]

My friends and I are discussing this on FB, and thought it could be fun to discuss here.

amandasw · August 2011

is "I don't know" an answer? I don't really have any strong opinions on the subject and have heard both sides - I can see the pros/cons. I haven't voted yet, maybe someone can convince me to join their side

mgoss228 · August 2011

I wasn't an econ major, and am definitely not an economic expert, but here's my opinion. Buffett wants to cut a lot of the major tax loopholes that the "Super-Rich" are eligible. I see nothing wrong with the CEO having to pay the same % of taxable income as the secretary of the same company. I have never really gotten the concept of corporations and the Super-Rich receiving all these perks so that they can create more jobs in the US. Super-Rich tax loop-holes only seem to help the Super-Rich, imo.

amandasw · August 2011

mgoss228:
I wasn't an econ major, and am definitely not an economic expert, but here's my opinion. Buffett wants to cut a lot of the major tax loopholes that the "Super-Rich" are eligible. I see nothing wrong with the CEO having to pay the same % of taxable income as the secretary of the same company. I have never really gotten the concept of corporations and the Super-Rich receiving all these perks so that they can create more jobs in the US. Super-Rich tax loop-holes only seem to help the Super-Rich, imo.

ok, I guess this is where I wasn't sure. I can see the argument against making extra taxes for the rich, but I can't see the argument against preventing them from getting out of the same taxes everyone else has to pay. If what you're saying is the case (as opposed to what I thought it was but I have no idea how econ/politics work), then I would be in support of Buffett.

mgoss228 · August 2011

Who's the lone "No" vote???? I'm interested in the Con argument.

avila01 · August 2011

mgoss228:
I wasn't an econ major, and am definitely not an economic expert, but here's my opinion. Buffett wants to cut a lot of the major tax loopholes that the "Super-Rich" are eligible. I see nothing wrong with the CEO having to pay the same % of taxable income as the secretary of the same company. I have never really gotten the concept of corporations and the Super-Rich receiving all these perks so that they can create more jobs in the US. Super-Rich tax loop-holes only seem to help the Super-Rich, imo.

This is the way I see it. I don't think that the "super rich" should necessarily pay a higher percentage than others, but it makes total sense to me that they should pay the same percentage as others.

jennlin · August 2011

avila01:
mgoss228:
I wasn't an econ major, and am definitely not an economic expert, but here's my opinion. Buffett wants to cut a lot of the major tax loopholes that the "Super-Rich" are eligible. I see nothing wrong with the CEO having to pay the same % of taxable income as the secretary of the same company. I have never really gotten the concept of corporations and the Super-Rich receiving all these perks so that they can create more jobs in the US. Super-Rich tax loop-holes only seem to help the Super-Rich, imo.

This is the way I see it. I don't think that the "super rich" should necessarily pay a higher percentage than others, but it makes total sense to me that they should pay the same percentage as others.

but wouldn't they be in a higher tax bracket, essentially paying higher percentages on the income they make more than the average joe? i still think the tax brackets should increase with income, although maybe not drastically.

Controversial Clicky: Taxing the Super-Rich

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