Why should people who make more than $250,000 a year pay more taxes?

Why should people who work hard to make a good living have to pay more in taxes? I just don't understand this idea at all. Do most people just not care because it's not going to impact them personally?

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Anonymous

Asked by Anonymous at 9:40 AM on Oct. 16, 2008 in

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Answers (154)
  • if you make more you should pay more taxes then someone who makes 1/4 of 1/3 or 1/8, even of what you make.
    heatherama

    Answer by heatherama at 9:50 AM on Oct. 16, 2008

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  • i think income should pay a huge roll in how much you pay in taxes.
    heatherama

    Answer by heatherama at 9:53 AM on Oct. 16, 2008

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  • As we have seen over and over again in corporate America, the money and golden parachute goes to the top, not to the ones who do the work. Until there is some kind of reason applied to earnings, then yes, the tax brackets need to be higher in the higher incomes. The spending on the war alone should deter ANYONE from wanting to support voting republican. If we had the dollars back that were spent on the War in Iraq, where would we be financially????
    Anonymous

    Answer by Anonymous at 9:55 AM on Oct. 16, 2008

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  • Anon., your idea of "certain percentage" will STILL be making the "rich" pay more than the "poor."

    Example: 10% of 100,000 is 10,000 and 10% of 10,000 is 1,000.

    No matter which way you spin it, the more money you make you more you are going to be paying in taxes.
    Anonymous

    Answer by Anonymous at 9:56 AM on Oct. 16, 2008

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  • i don't understand why people who make more don't want to pay more? to me it's just common sense.

    when you purchase something you pay taxes according to how much you spend so why not the other way around?
    heatherama

    Answer by heatherama at 9:59 AM on Oct. 16, 2008

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  • Yes, ANON #2, if a certain percentage were applied equally, the rich would still pay more BUT it would still be less than the current tax bracket schedule.



    Anonymous

    Answer by Anonymous at 10:08 AM on Oct. 16, 2008

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  • Well, it will impact me personally - but I have read the tax plan and it isn't that I pay more on my whole $250k. I stay in my exact same tax bracket but the amount that I earn over that is taxed at a different bracket. So, if I make $275k - 25k is taxed at the different bracket.

    I am also knowledgeable to know that once I crossed the $100k threshold I was already paying that extra tax on anything greater than 100. So, actually under Obama's plan - I pay less. Simple math.
    FiveofaKind

    Answer by FiveofaKind at 10:16 AM on Oct. 16, 2008

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  • Oh, but I support a flat tax across the board. However neither candidate can or will deliver that.
    FiveofaKind

    Answer by FiveofaKind at 10:17 AM on Oct. 16, 2008

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  • Not sure if this will happen or not but I know some VERY hard working people who make more than $250,000 and they give ALOT of it to charities. Do you think them being taxed more will decrease the amount of money that these rich people donate??
    lil_angel00

    Answer by lil_angel00 at 10:23 AM on Oct. 16, 2008

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  • lil angel - No it won't. Because when you donate it becomes a tax write off. Thus reducing more taxes that I pay.
    FiveofaKind

    Answer by FiveofaKind at 10:26 AM on Oct. 16, 2008

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