Yep the middle and upper middle class get hit the worst, they pay more than their fair share.

The wealthy have lots of loop holes, and the poor don't make enough to be taxed.

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2016 Corvette Stingray 2LT
1969 280SE
2023 Ram 1500
2007 Tiara 3200

I agree with the middle class but in a survey a few months ago (I have to find it) and overwhelming majority of CEO's and people with a 200M or more net worth think the tax system is a joke. One of them commented that despite spending 3 or 4 mill that year they paid $18,000 in income tax.

Warren Buffet. Bill Gates, Donald Trump and a few other have been vocal about how unfair the tax code is.

A person would think that a billionaire uses less Gov services than Joe blow while its the opposite. The courts protect their companies, the FBI protects their products, so on and so forth.

Trump has some good ideas on how to improve the tax system.

Well it all comes down to source of income as you know. If you get paid from one source like a job you get slammed, if you get paid from a business you can reduce your taxes a lot. Or other investments, trusts ect.

A mortgage broker was telling me a joke the other day, about how all plumbers and electritions make $18k a year according to their income tax statements. Yet they want to buy $500k houses and drive new $50k trucks.
And the Indians that run 7-11's all make $30k a year.

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2016 Corvette Stingray 2LT
1969 280SE
2023 Ram 1500
2007 Tiara 3200

I suppose you would have to find out what they spent the 3 or 4 million on and what the gross recipts were for that year.
Also where did their money come from. There are perfectly legal ways to get your hands on un taxable income you can spend any way you like. And no you dont need to be a millionair to do it.

I saw Warren Buffet on tv the other night and he actually lobbying Congress about changing the unfair tax laws. He did a study with his employees and the ones who volunteered their tax info where paying upwards of 33% while he is only paying to 17%.and the man was not happy.

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"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

Ron Paul was listed with odds on becoming the next President at 18/1 at the online betting company Bodog Sports, but now Paul could be found among the top dogs with odds cut down to the astonishing 6/1.

http://www.ogpaper.com/news/news-01369.html

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1985 300D Turbo
"Evolution is God's way of giving upgrades" Francis Collins

I like him but I think that'd be a good bet to take. I don't think he'll be nominated, let alone elected.

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Te futueo et caballum tuum

1986 300SDL, 362K
1984 300D, 138K

The only candidate that appears to be genuine and with the right plan.

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99 Gurkha with OM616 IDI turbo

2015 Gurkha with OM616 DI turbo

2014 Rexton W with OM612 VGT

I believe his Executive assistant was an example.

Taxing spending won't work, especially in a credit economy.

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1984 300TD

if that brilliant rich-a$$ed mofo wants to pay more in taxes the why doesn't that brilliant rich-a$$ed mofo just go ahead and pony-up some extra freaking cash instead of begging to bring even more G-D'd government intervention into people's lives?

B

Wow- same reply twice to a quoted post and now this? Been into the absinthe? That must be your little friend...

Good to have a scorekeeper. Most people don't give a damn.

The poor get hit with a 15% earnings tax which has no deductions. It's convenient to forget about that when we're talking about taxes.

Well I hate the idea of income tax period, but if they are going to do it, it should at least be a flat tax.

I think a consumption tax would hurt for the short term but help long term. The problem is that most people don't realize that the government gets about half of what they make in taxes. So a 20% consumption tax would kill spending and the economy for the short term.

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2016 Corvette Stingray 2LT
1969 280SE
2023 Ram 1500
2007 Tiara 3200