Is it time for the federal government to increase your tax rate?

I feel like I pay enough already. I would prefer that we act more fiscally conservative and end ridiculous corporate loopholes as well as loopholes exploited by millionaires/billionaires.

 

I'm in favor of voluntary tax increases for the willing democrats who won't shut up about the country's need for higher taxes

 

Yeah, because it makes total sense to pay more taxes when you have to support a family as opposed to blowing all your cash at bars!!!

 

oh look, a right wing thread to complain about the rich paying too much in taxes.

how cute.

 

I don't think the country is worried about the taxes of people who frequent this message board.

 

I enjoy the way people find ever more creative ways to not pay more taxes.

 

Increase my tax rate? No

Decrease my tax credits? Yes

 

Who really wants to pay more taxes?

 

Raise the capital gains tax and put a small transaction tax on financial transactions. Even Republican demi-god, Ronald Reagan, thought the capital gains tax should always match the highest tax bracket.

 

It's not the best time. But we as Americans allowed this debt to happen. The only sensible way to get out of this mess is a number of things combined, and that also involves hiking up the tax rate.

Bill Clinton did this in the 1990's and it did help. Not sure if it would apply in these times, but it would be worth a shot IMO.

 

Does the US have negative real interest rates for citizen's bank accounts? If so, then the US government has already increased taxes.

 

Nobody, but that's why the government needs to raise taxes if it wants to raise revenue. Nobody's going to pony up the money voluntarily. It's perfectly fine to not like paying taxes while realizing they still need to be raised. If we as a country really want a balanced budget like we say we do, if we want to pay down our debt, taxes will have to be raised. Despite Republican rhetoric, with where taxes are now, we can't cut our way to a balanced budget. Short term, middle class taxes probably need to be cut until the economy is clicking again. But long term, taxes for most brackets are going to have to be raised.

Personally, I do think my own taxes should be raised. I only owed a few hundred last year and the year before I paid virtually nothing (like $60). I can afford to pay more. There's no point in doing so voluntarily because a handful of individuals doing that won't solve anything. It needs to be widespread and mandatory for it to have any effect at all.

 

I have no problem with reforming the tax code for fairness, equitability, and additional revenue. If that means paying an additional percent or two in taxes, so be it. I consider it part of my civic duty.

 

Pretty much this. Close corporate loopholes and even start phasing out some individual tax credits like the MID before you begin increasing the tax rates.

 

Here's the link

Put your money where your mouth is or else shut it

https://www.pay.gov/paygov/forms/formInstance.html?agencyFormId=23779454