LogFAQs > #946357147

If you apply a tax for a specific reason and it needs to be voted in, then that tax DOES need to be used for that reason. Like the 12% tax over 400k, is specifically used for social security as an example.

And it's not being robbed, I have friends who make a ton of money and think that way, but you are literally doing a job (those that even work mind you, some of the richest people don't work at all but make more than 99% of americans), and getting paid (in this case) over 400k a year for it. Your not working 4x as many hours as the average American and certainly not more then 8x as many hours.

I get what your saying about having control on how you spend things, but at least in theory we, the people, should have some control over how taxes are spent, and should be able to control those taxes by voting etc. If we voted in taxes to go towards building new hospitals, and building up our infrastructure, that is where the taxes would go, and we SERIOUSLY need both of those, more in some areas than others, but pretty much universally.

Right now, most of that is based on STATE taxes and spending, many hospitals are actually based on donations etc (Even while making wealthy people exceedingly more wealthy). The main hospital in Gilroy for instance was a charity based hospital that closed down because of lack of funding. In the 2 areas I have lived in the last decade or so, 3 hospitals have closed and no hospitals have opened. In both areas schools have also closed (especially back in CA, where 3 schools had closed and there was a huge line of teachers looking for positions and our classrooms were all over 40 students).

Nobody likes taxes, but again, we are talking about taxing income over 400k, past the point of needing money at all for even a very luxiourious lifestyle. Even as you mentioned, saving for retirement, if your making over 400k, it takes like a year or two at that rate to have enough money to retire on just from interest etc.

What is more, by taxing income over 400k, you could reduce taxes for those making less than $100k, reducing the burden on those who barely have enough. Honestly as screwed up as our system is you really shouldn't tax people making less that 24k a year at all, straight up. Right now that is basically the case for the first 12k a person makes and 24k if filing jointly (and a bit more if you have dependants), but I'd say even a single person needs the full 24k to survive/live now adays per year, and min wage many places doesn't even reach that (8$ and hour * 120 hours= $960 a month, or about 12k a year. No taxes (other than SS) on that, but that is still 10%, and rent most places is still close to $1k a month now).

There is no easy fix, but yeah, taxing people making well over a comfortable amount per year, is a pretty easy solution that doesn't really hurt anyone, and helps a ton of people.

If you make 800k a year, and you get taxed an extra 12% on income over 400k, that is about 50k less you'll have at the end of the year. That seems like alot, but your still rocking over 1/2 a mill each year after taxes....more than enough to do anything you want, and honestly the number of people making between 400k and 1 mill a year are pretty small, most people making over 400k are making much more than a mill a year, and wouldn't even really notice the extra taxes (other than it just being less numbers going into their bank accounts).

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