How much federal income tax is it reasonable for a person with a $1 million taxable income to pay?

by Roger47 Posted 2012/07/13 02:18:44

Related Topics: Income Tax, Federal Income Tax, Tax, Deduction, Income

19 votes
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	Under $200,000, so they keep over $800,000	6 votes	32%
	$300,000 (keep $700,000)	3 votes	16%
	$400,000 (keep $600,000)	0 votes	0%
	$500,000 (keep $500,000)	2 votes	11%
	This much:	2 votes	11%
	I think....	6 votes	32%

What do you believe is reasonable? We are talking TAXABLE INCOME here, after all deductions have been claimed.

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Rusty Shackleford 2012/07/13 02:24:08

Under $200,000, so they keep over $800,000

+4
15%, but I think that ALL Americans should be taxed at the same rate.

We should all receive equal treatment under the law.
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More polls by Roger47

Dana 2012/07/15 18:32:12

I think....

No less than someone in the middle class has to pay..(percentage wise).

reply
Pronatalist Pronatalist 2012/07/15 18:09:13

I think....

None, because the income tax is unjust, it undermines the work ethic, and the 16th Amendment was never ratified.

reply
scbluesman13 2012/07/13 21:09:28

$300,000 (keep $700,000)

+1
This is roughly the rate that people pay who earn below 250k/year. Maybe a little less - closer to 22-25%. But it's kind of a bad question to ask anyway, since someone making over $1M a year isn't getting this money from a paycheck, but from investment dividends, so they're paying the capital gains rate of 11-15%, depending on the # of loopholes they can use. The capital gains rate should be at least 25%.

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gumybare69 2012/07/13 19:08:29

$300,000 (keep $700,000)

I'm shooting a little low but I personally think this is a fair amount.

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ehrhornp 2012/07/13 15:21:56

$300,000 (keep $700,000)

It really depends upon the persons deductions but I think 30 to 40% is not unreasonable.

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Marvelous Wildfire 2012/07/13 05:25:50

I think....

+3
The same percentage as the bottom 47%, why should productivity be punished with higher taxes?

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ken 2012/07/13 04:45:58

This much:

+1
$100,000. A ten percent tax on all taxable income, with no deductions. I believe a flat tax rate along with a serious cut in government waste would solve a great many of our problems. That and congressional term limits.

reply
ehrhornp to ken 2012/07/13 15:25:38

+1
So where would you make the cuts? I would favor cutting the military industrial complex by 50%, end the war on drugs, while increasing spending on infrastructure. Would your tax rate apply to dividends and interest? Generally the flat tax proposals do not apply to dividends, interest and capital gains.

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ken to ehrhornp 2012/07/14 13:25:30

It should apply to all income.

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Rusty Shackleford 2012/07/13 02:24:08

Under $200,000, so they keep over $800,000

+4
15%, but I think that ALL Americans should be taxed at the same rate.

We should all receive equal treatment under the law.

reply
ken to Rusty S... 2012/07/13 04:46:31

I can live with that.

reply
RandyScott 2012/07/13 02:22:06

I think....

+4
He should pay the same tax rate as everyone else. There is no fixed dollar amount.

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