What is a fair tax rate for people on over $1m?

By Tom
in Poll Station

 Share

What is a fair tax rate for people who make more than $1 Million per year in revenue?  

165 members have voted

  1. 1. What is a fair tax rate for people on over $1m?


Recommended Posts

Veteran

vanx

Posted
Posted

Equal percentage absolutely just doesn't work. Period.

Say everyone was taxed 20%. Someone makes $30k. That's $6k taken out which is quite a lot of money for that income. Now take someone that makes $1m. That would be $200k taken out. Sure, that's a lot of money, but $200k doesn't really affect them much when they are making $1m compared to the $6k taken out from the person making $30k.

Did you not read what I said above your post? Besides, if someone is unhappy about how much money they get after tax, they should do something about it. Like get a higher-paying job or reduce their tax burden via any legal means.

I don't think you get the point of taxing the rich. You tax the rich because they can afford it. I'm sure they'll survive without 35% of what they make.

https://www.neowin.net/forum/topic/1088567-what-is-a-fair-tax-rate-for-people-on-over-1m/page__view__findpost__p__594980785

Community Regular

SongHyeonDeok

Posted
Posted

your analysis is just inspiring.

I'd rather appear to concede defeat than waste my time...

So seta-san, I retract both my comments, I agree with everything you've said within this topic, I now feel that executives are being treated unfairly through taxation by both the government and lower classes, and they deserve a fairer percentage of taxation. Oh and executives are lovely caring people who care and provide fair wages for their employees and care about whether they live or die, much like Apple and Foxconn.

Thank you for your wonderful insight on this topic, it's so enlightening conversing with you. :)

Grand Master

DPyro

Posted
Posted

Did you not read what I said above your post? Besides, if someone is unhappy about how much money they get after tax, they should do something about it. Like get a higher-paying job or reduce their tax burden via any legal means.

http://www.neowin.ne...t__p__594980785

Taxing the rich at a higher rate doesn't stop them from spending their money on the things they like or affect their standard of living. They'd still have more than enough money to do whatever they please.

Veteran

vanx

Posted
Posted

Taxing the rich at a higher rate doesn't stop them from spending their money on the things they like or affect their standard of living. They'd still have more than enough money to do whatever they please.

Once again, I must ask: who are you to decide how much money is enough money? If more money is taken away from you by the way of tax or otherwise, by definition, it leaves you with less money. Just because I could maintain a comfortable standard of living in a higher tax bracket, it should not give government the right to increase my taxes. There are always ways in which that money can be used: savings, investments, etc. There is no such thing as too much money.

Mentor

nekkidtruth

Posted
Posted

What totally amuses me about this thread and the back and forths currently happening is, there isn't a single person here who is making a million a year that will sit here and say "Oh yeah! You should totally tax me more! It's only fair!"

Which makes the entire discussion pretty much a dead end. The lines have already been drawn. You're either poor or you're not. The only person who can change that is you and no amount of taxes is going to be "fair".

  • Charisma and LaP
  • Like 2
Grand Master

DPyro

Posted
Posted

Once again, I must ask: who are you to decide how much money is enough money? If more money is taken away from you by the way of tax or otherwise, by definition, it leaves you with less money. Just because I could maintain a comfortable standard of living in a higher tax bracket, it should not give government the right to increase my taxes. There are always ways in which that money can be used: savings, investments, etc. There is no such thing as too much money.

Warren Buffett and Bill Gates would disagree

fair? fair is the same rate as everyone else...

I'd like to see a government that can survive on only 10-15% of everyone's income.

Grand Master

Noir Angel

Posted
Posted

In a world where people are obsessed by equal rights, I think the income tax shouldn't be an exception. Everyone should pay the same tax rate.

Countries with insane tax rates for the rich are only encouraging the tax evasion and the exploitation of loopholes. If we take Germany as an example, someone with an income of ?1,000,000 must pay an income tax of ?458,192.83 (45%). If the income originates from a commercial operation, then add another ?70,000 for the trade tax. That's totally insane if you ask me... Why should someone split his hard earned income 50/50 with the state?

I think if the taxes would be lower and the same tax rate would apply for everyone, many millionaires would be willing to pay all their taxes without evading.

Taking 450k euros out of a million still leaves the earner with 550k to spend themselves. Taking 450 euros out of 1000 only leaves the earner 550 euros to spend. Proportionally taxing the poor at the same level as the rich is an absolutely insane idea, a rational society leaves everyone paying an equitable burden, it doesn't pretend that it's being fair by equalling the percentages.

Grand Master

DPyro

Posted
Posted

Taking 450k euros out of a million still leaves the earner with 550k to spend themselves. Taking 450 euros out of 1000 only leaves the earner 550 euros to spend. Proportionally taxing the poor at the same level as the rich is an absolutely insane idea, a rational society leaves everyone paying an equitable burden, it doesn't pretend that it's being fair by equalling the percentages.

This. Also, at no point in time do you make less money for making more money, even if you're paying higher taxes. Arguing what is the incentive for making more money is just stupid.

Veteran

vanx

Posted
Posted
Warren Buffett and Bill Gates would disagree
Except, in that video, they say nothing about having too much money. Only Gates comes close by saying that it is his opinion that rich people should pay more. Everybody has opinions. I respect that. If he wants to give a larger-than-now chunk of his income to the government, he can go right ahead. It does not mean that everyone else who is rich should or must.
I'd like to see a government that can survive on only 10-15% of everyone's income.
And I'd like to see a government that closes all tax-evasion loopholes quickly. If there are no ways for the rich to pay single-digit tax percentage, they would need to pay a reasonable double-digit flat rate.
Taking 450k euros out of a million still leaves the earner with 550k to spend themselves. Taking 450 euros out of 1000 only leaves the earner 550 euros to spend. Proportionally taxing the poor at the same level as the rich is an absolutely insane idea, a rational society leaves everyone paying an equitable burden, it doesn't pretend that it's being fair by equalling the percentages.
But who are you to decide how much an earner should be left with after tax? If someone who is earning a 1000 is upset at how much he/she is left with after tax, that person should get out there and find a higher-paying job. Rich subsidising the poor is utter nonsense.
Grand Master

Original Poster

Posted
Posted

Warren Buffett and Bill Gates would disagree

I'd like to see a government that can survive on only 10-15% of everyone's income.

they already do ? thats what it is at the moment ? these extra taxes have yet to be put in... and also you think they only tax you once? over here we get 85% taxed on fuel, taxed on food, luxeries EVERYTHING gets taxed already VAT is now 20% everything gets taxed to stupid levels... you are in Canada where bugger all is taxed to the extreme we have to pay ?1.30 per liter (around $2.00-$2.50) most of which is tax tyhe government tax enough as it is ... they already tax the rich ... got a big exspensive car? they buy more fuel... they pay more tax...

Grand Master

Noir Angel

Posted
Posted

But who are you to decide how much an earner should be left with after tax? If someone who is earning a 1000 is upset at how much he/she is left with after tax, that person should get out there and find a higher-paying job. Rich subsidising the poor is utter nonsense.

Except anyone with half a brain cell and who hasn't been brainwashed by US corporatist dogma knows that those low paid jobs will always exist, and there will always be people that have to do them. It's simply not possible for everyone to have highly paid jobs.

Veteran

vanx

Posted
Posted

Except anyone with half a brain cell and who hasn't been brainwashed by US corporatist dogma knows that those low paid jobs will always exist, and there will always be people that have to do them. It's simply not possible for everyone to have highly paid jobs.

Just because there are people who have to do those jobs, it does not mean that they should be afforded tax relief at expense of others. If you are worried about the little guy, set the flat rate tax percentage to what is reasonable for him and let the rich pay at the same level.

Grand Master

Astra.Xtreme

Posted
Posted

Not really. They price gouge, they use up most of our natural resources, and they make it almost impossible for smaller businesses to flourish.

You can't just say that they only take and don't give back. That's straight up ignorant.

Yeah, they use natural resources, but they transform them into something useful. Ex: Oil isn't good for anything unless you refine it into fuel.

Plus many smaller business owners can be considered rich by definition.

  • Larry the Lobster
  • Like 1
Grand Master

Noir Angel

Posted
Posted

Corporations drive consumption based economies that use resources wastefully. Products are purposely designed to break so people eventually need new ones. It's wasteful and inefficient.

Grand Master

Astra.Xtreme

Posted
Posted

Corporations drive consumption based economies that use resources wastefully. Products are purposely designed to break so people eventually need new ones. It's wasteful and inefficient.

What's your point though? It is better to create a product which then yields some given amount of waste, or just leave the natural resource untapped? Also, I think you are too narrowly looking at only the electronics market, and are forgetting markets such as industrial where products are made to last 20+ years. Electronics become obsolete quickly, so they are designed for a short lifespan. Everything else in life doesn't progress that quickly, so things are expensive and made to last.

Grand Master

Noir Angel

Posted
Posted

My point is that we shouldn't use resources wastefully, given how quickly they're dwindling. You don't have to use resources wastefully to enjoy the benefit they provide.

Grand Master

Astra.Xtreme

Posted
Posted

My point is that we shouldn't use resources wastefully, given how quickly they're dwindling. You don't have to use resources wastefully to enjoy the benefit they provide.

It's getting better actually. Most resources can be recycled (ie. copper, aluminum), so none of that is a problem.

The only one that is potentially a problem is oil, but there's no reason to believe there isn't a massive amount of undiscovered deposits somewhere that will be discovered at some point. But regardless, more and more companies are using solar and wind power, so overall it's not as bad as you think. Electronics are becoming smaller less power consuming. Hybrids and electrics are trying to gain steam. Compared to where we were 30 years ago, we aren't doing too bad.

This topic is now closed to further replies.
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.

  • Posts

    • WhatsApp is getting usernames, and you can reserve your preferred one now

      By Fiza Ali · Posted

      WhatsApp is getting usernames, and you can reserve your preferred one now by Fiza Ali Sharing your phone number isn't always something you want to do, especially with people you've just met. Whether it's someone from a class, a local community group, or a sports team chat, handing over your number can feel like giving away more personal information than necessary. That's exactly the problem WhatsApp is trying to solve with its upcoming usernames feature. The company has announced that users can now reserve a unique WhatsApp username ahead of the feature's wider rollout later this year. Once usernames become available, they'll let people connect without revealing their phone numbers. It's a change that makes a lot of sense for group chats. Right now, everyone in the group can see your phone number. With usernames enabled, that won't necessarily be the case when someone contacts you for the first time. WhatsApp says it's opening username reservations early because more than three billion people use the app, meaning plenty of people are likely to want the same usernames. Reserving one now gives users a better chance of securing the name they actually want before the feature launches more broadly. If your preferred username is already taken, WhatsApp will also offer a built-in username generator to suggest available alternatives. The feature isn't only aimed at individual users. Creators, businesses, and organisations will be able to claim the same username they already use on Instagram or Facebook, making it easier to keep a consistent identity across Meta's apps. Furthermore, privacy is a big part of how WhatsApp is introducing usernames. There won't be a public directory where people can browse or search for usernames. Instead, people will need to know your exact username before they can start a conversation with you. Additionally, users can also choose to enable a username key, which adds another layer of control by requiring people to enter that key before sending a message. Once the feature rolls out, people who choose to use a username will no longer have their phone number shown when messaging a person or business for the first time. If you want to reserve a username, make sure you're running the latest version of WhatsApp, then head to Settings > Account > Username. The tech giant says usernames will roll out gradually over the coming months, and users will receive an in-app notification when the feature becomes available in their country.
    • How do you future-proof a home or small office network?

      By sphbecker · Posted

      When I think about a network, there are really two aspects, the hardware and the wiring. So here is what I would do for both. Wiring: Use Cat6A for the patch panel, outlets, and all structured cables (cables installed in walls). Run plenty of Wireless Access Point (WAP) cables, as a general rule, assume a signal can only pass through 2-3 walls and can't pass through a floor (that is conservative, but trust me on this if you want strong WiFi)  Cat6 patch cables are fine for now if you don't plan to run 10gig, those are easy to replace later if needed. Run OS2 single-mode fiber to anywhere you think you may have a server or sub-switch. (yes, single-mode for everything on a small network, don't mess with multimode unless you have entire racks of servers and that minor module cost and power savings will matter). If you really want to future proof, also run fiber to any high density WAP locations, it is likely that WiFi 8 WAPs will push the limits of 10g. Run 6-12 pairs of single-mode fiber between your MDF and the building's MDF, even if you only need 1 or 2 pairs now, those extra pairs will pay off down the road. Hardware: (its easy to say "get all the features incase you need them", so instead of futureproofing, I am going to take approach of suggesting areas worth investing in, and areas you can save money). Don't overspend thinking you need every feature on every port. You don't need 10g on every port, you don't need PoE on every port. Don't overspend on redundancy either, unless you are ready to buy two of everything, don't waste money buying two of some things and not others. Dual power supplies are worthwhile, but probably not HA or multi-path redundancy.  Get 1 "distribution layer" switch that your router/firewall will connect to as well as all your access layer switches below. This should be a 10g switch with a combination of copper and SPF ports and should be a fully managed switch. Given that you said it is a small network, I suggest also using that distribution layer switch for servers and WAPs, meaning it will need PoE. Speaking of wireless, get good professional tri-band WAPs, and either turn on the band stirring options, or limit 2.4 to an IoT only SSID. This will provide a solid WiFi capable nearly everything but the highest of bandwidth clients...you could even consider skipping wiring workstations depending on usage. Access layer switch for workstations and printers can be cheaper switches, 2.5g is a good sweet spot between price and future proofing, but even 1g is fine for most individual clients (the kind that could probably be fine on WiFi). You can consider saving a little on access layer switches by only getting 1 PoE switch for whatever needs it (remember your WAPs are connecting to the distribution switch, not here), and non-PoE for your workstations, because desk phones are falling out of favor. You can also save money here by not buying managed switches if you don't need them--but really do some soul searching there, if you go this route, then anything that isn't on your workstation VLAN would either need to be connected to the distribution switch, or its own switch. Also, don't feel like you need a fancy fabric stacking switches for your access layer, that is the point of the higher-end distribution layer, to remove the need for things like that at this level. Home Hardware: I'm realizing the above assumed an office setting, if this if for your house and home lab then the above still applies, but you'll probably want everything managed and PoE, just because, but you probably also don't need multiple access layer switches. if your total port count is below 24, just skip separating distribution layer and access layer and just get one nice switch with the features you want. For home use, don't worry about home running every device to the main switch, there is nothing wrong with running sub-switches for your media areas and office, those essentially become your access layer, just look for sub-switches with a 10g uplink so sharing bandwidth isn't an issue.
    • Google Meet brings Gemini note-taking to AI Pro and Ultra subscribers

      By Karthik Mudaliar · Posted

      Google Meet brings Gemini note-taking to AI Pro and Ultra subscribers by Karthik Mudaliar Google's Gemini-powered "Take notes for me" feature inside Google Meet is now available to Google AI Pro and Ultra subscribers. The features work on Google Meet for web as well as on mobile, and Google says that subscribers can use it for meetings they host in many supported languages. As the name suggests, "Take notes for me" allows Gemini to listen to a meeting, generate a summary, identify action items, and save the notes as a Google Doc in the user’s Drive. After the meeting, the organizer receives an email recap with the summary and action items, while the notes can also be attached to the related Calendar event depending on the meeting setup and sharing settings. The feature isn't automatically turned on for everyone, though. Google says that all meeting participants are notified when note-taking is turned on, and users can start it from the pencil icon in Meet or enable it for future calls through Meet’s meeting records settings. For work or school accounts, administrators can also control whether the feature is available and may require explicit participant consent for note-taking, recording, or transcription features. The feature first launched back in 2024, when it was available just for selected Workspace users. Over the years, Google added refinements and more options, including the ability to enable it when scheduling meetings via Google Calendar. Google's support docs say that the feature currently supports English, French, German, Italian, Japanese, Korean, Portuguese, and Spanish, but only one language at a time. Meetings with multiple spoken languages are not currently supported, and Google recommends using the tool for meetings between 15 minutes and eight hours. The new feature makes Google Meet closer to its rivals that have AI tools already built in. Microsoft Teams has recently started offering Copilot and intelligent recap features that summarize meetings, surface highlights, and help with follow-ups, while Zoom’s AI Companion can also generate meeting summaries from desktop and mobile meetings.
    • GnuCash 5.16

      By Copernic · Posted

      GnuCash 5.16 by Razvan Serea GnuCash is a personal and small business finance application, freely licensed under the GNU GPL and available for GNU/Linux, BSD, Solaris, Mac OS X and Microsoft Windows. It’s designed to be easy to use, yet powerful and flexible. GnuCash allows you to track your income and expenses, reconcile bank accounts, monitor stock portfolios and manage your small business finances. It is based on professional accounting principles to ensure balanced books and accurate reports. GnuCash can keep track of your personal finances in as much detail as you prefer. If you are just starting out, use GnuCash to keep track of your checkbook. You may then decide to track cash as well as credit card purchases to better determine where your money is being spent. When you start investing, you can use GnuCash to help monitor your portfolio. Buying a vehicle or a home? GnuCash will help you plan the investment and track loan payments. If your financial records span the globe, GnuCash provides all the multiple-currency support you need. Between 5.15 and 5.16, the following bugfixes were accomplished: Bug 421610 - RFE: Include logical dates for View->Filter by "date range"The Select Range section of the Date tab of the register's Filter By dialog box is changed to provide relative, specific date, or days ago options for the start and end of the filter range. The Show number of days item label is changed to Show from days ago to better reflect what it does. Bug 436105 - esc key not working as expected in register: Enable the escape key to cancel a field edit. Bug 797384 - Gnucash doesn't handle commodity prices with big numerator/denominator properly. Bug 798004 - Next gen UI for stock transactions Bug 799314 - Add "enter now" option in scheduled transaction editor. tab to allow users to select the scheduled transactions to be included in a “Since Last Run…” window. If there are no instances of a selected transaction triggered by today’s date, the next instance is triggered. Bug 799751 - autocomplete crash Bug 799759 - Users can't Enable entries via Checkboxes on Scheduled Transactions PageAllow the Enabled box in the list of scheduled transactions to be operated instead of having to open the transaction editor dialog and change the Enabled checkbox. Also added use of the Name column as the secondary column sort for all the other columns. Bug 799762 - Poor handling of cases where hidden/placeholder accounts are used in the account register Bug 799766 - Double line preference not respected in search register Bug 799767 - POST /accounts in bindings/python/example_scripts/rest-api is broken Bug 799777 - `xaccSplitSetParent`: reparenting a committed split silently drops its KVP slots (online_id, cap-gains links) Other changes & improvements: Numeric values may now be selected to copy in the Accounts page. Add new Finance::Quote source Finnhub.io: Free API key (personal/non-professional use) available at https://finnhub.io. Set FINNHUB_API_KEY environment variable to API key to use this source. As of June 2026, free tier API limit is 60 API calls/minute. The Investment Lots report has new optional columns for Computed Annual Growth Rate. Python Bindings: Improved translation of primary object (Account, Transaction, Split, etc.) so that they can be treated as normal Python objects. This is accomplished with SWIG magic so no existing code is obsoleted. Python Bindings: Better conversion of GLists to Python lists. Python Bindings: Destroy the QofSession in the Python Session dtor to prevent leaving the database locked. [engine] Add first-class online_id accessors for Split and Account and make them available to Python bindings, removing the unused Transaction online_id property. Improve C++ implementation of QofBook. Correct the Doxygen doc for qof_instance_get/set_kvp. [gnc-log-replay.cpp] fix incorrect guid dump Add some Boost library requirements needed by libgnucash-guile to CMakeLists.txt so that missing feature will fail at configure time. Use Compile-time Regular Expressions instead of std::regex in gnc-filepath-utils.cpp and instead of boost::regex in the CSV importer, with the CTRE v3.11.1 header added to borrowed [gnc-filepath-utils.cpp] null check char* arguments Add ChartJS licenses. Removed AEX from list of commodities. euronext.com is now using JS based anti-webscraping. [report-core] always offer options summary in reports. This is useful to debug reports. The Add options summary option is removed because it's no longer optional. Remove remaining obsolete IMContext from sheet Fix blurry text in HiDPI offscreen-rendered widgets Add port field to database connection dialog: The convention of appending the port number after the host isn't obvious. When editing a split in the register treat the account as being changed only if it isn't the one selected before editing instead of if the user performed an edit Return immediately from qof_book_destroy if hash_of_collections is null. If qof_book_destroy is called on a QofBook* freshly created with qof_book_new (usually because it was used to create a session that now must be destroyed) it would try to empty the non-existent hash tables, crashing. Clean up Flathub metadata to solve warnings at flatpak build time. Be consistent in naming GncPluginPage and GncPluginPageRegister HTML: Remove unimplemented function declarations. [gnc-html.cpp] remove unused buggy string conversion functions Convert libgnc-html to C++ Apply -Wall -Werr -Wmissing-prototypes to C++ compilation on Windows and fix the resulting errors. New and Updated Translations: Arabic, Croatian, Danish, Dutch, German, Finnish, Hungarian, Korean, Norwegian-Bokmal, Spanish Download: GnuCash 5.16 | 176.0 MB (Open Source) Links: GnuCash Home page | Other Operating Systems | Screenshot Get alerted to all of our Software updates on Twitter at @NeowinSoftware
    • Microsoft finally launches WSL Containers in public preview

      By David Uzondu · Posted

      Microsoft finally launches WSL Containers in public preview by David Uzondu Microsoft has announced that WSL containers, a feature that allows developers to run Linux containers natively inside Windows without the need for Docker Desktop, is now available in public preview several weeks after Microsoft previewed it at Build 2026. To use the new container feature, you first have to install the latest pre-release version of the Windows Subsystem for Linux by running a quick update command in your terminal: wsl --update --pre-release After installing, you'd get access to the new Linux container CLI (wslc.exe) and the programmable API. Microsoft said that the CLI has a "familiar format" that matches the toolsets developers already use every day. If you know standard Docker commands, your muscle memory will translate directly to wslc.exe, which even features a built-in alias called container.exe. You can quickly run a full Ubuntu KDE desktop container by exposing ports, or pass your graphics card straight into a machine learning environment to run PyTorch workloads. Passing the --gpus all flag inside the run command instantly links your hardware. Image via Microsoft As for the API, developers can now embed Linux container operations directly inside native Windows applications without exposing the command line to users. The team integrated the API directly into MSBuild and CMake, so developers can define container steps directly in project files. Apart from bringing the CLI and API into public preview, Microsoft also said that it's working on a new default file system called virtiofs to speed up file transfer rates between Windows and Linux. Microsoft also introduced an experimental networking mode named consomme, which resolves compatibility issues with corporate VPNs by routing Linux network traffic straight through Windows. One thing to note about WSL containers is that they don't run in your standard WSL distributions; instead, every application and CLI session spawns its own lightweight Hyper-V utility VM in the background. This basically reduces the chances of one app snooping on the container of another app.

  • Recent Achievements

    • Reacting Well
      NovaEdgeX earned a badge
      Reacting Well
    • Week One Done
      NovaEdgeX earned a badge
      Week One Done
    • One Year In
      BA the Curmudgeon earned a badge
      One Year In
    • Conversation Starter
      rosiecharles earned a badge
      Conversation Starter
    • First Post
      KMilenkoski1202 earned a badge
      First Post

  • Popular Contributors

    1. 1
      +primortal
      533
    2. 2
      +Edouard
      269
    3. 3
      PsYcHoKiLLa
      150
    4. 4
      Steven P.
      98
    5. 5
      macoman
      66
    Show More

  • Tell a friend

    Love Neowin? Tell a friend!