What should taxes be?

Quote: kenarman

. Teachers are in a similar bracket and most of them retire 50-55 after probably graduating and starting their career at close to 25. ;)

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A recent Gallup poll found that the average retirement age in the US is 62. Of course, average retirement age varies by profession. University professors retire later than teachers, for example. The average retirement age for teachers hovers around 59.Dec 11, 2015

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But no one can fully understand how difficult teaching in America’s highest-need communities is until he or she personally experiences it. When I solved engineering problems, I had to use my brain. When I solve teaching problems, I use my entire being—everything I have. A typical engineering task involves sending an email to a colleague about a potential design solution. A typical teacher task involves explaining for the fourth time how to get the variable out of the exponent while two students put their heads down, three students start texting, two girls in the back start talking, and one student provokes another from across the classroom.

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One of the biggest misconceptions about teaching is that it is a single job. Teaching is actually two jobs. The first job is the one that teachers are familiar with; people who have not taught can pretend it doesn’t exist. The tasks involved in this first job include lesson planning, grading, calling parents, writing emails, filling out paperwork, going to meetings, attending training, tutoring, and occasionally sponsoring a club or coaching a sport. The time allotted to teachers for this work is usually one hour per workday. But these tasks alone could easily fill a traditional 40-hour work week

Quote: rxwine

Really doesn't tell the whole story.

First of all, I believe in lots of oversight. Just because tax money spent 2 years ago was probably justified, doesn't mean it still us.

Second, I don't believe rates should be arbitrarily high, just because you can do it. The people decide through their representatives whether that rate is justified for. Or if it isn't.

Third, we are talking about a minimum 10 million salary not 50k. In fact, as far as I'm concerned you can increase your earnings every year if you can do it. But that doesn't mean you will luck out of a high tax bracket.

Actually, 40% is probably plenty high. But that's just guessing.

Like I said before, you offer me 100k with no taxes, or 1 million with 50% tax, I'm taking the million option every time.

Quote: JimRockford

Just to be clear, do you mean marginal tax rate or effective tax rate?

Quote: AZDuffman

I read this word soup a few times and still do not get it.

I will ask again.

So, you are OK with giving away 50% of what YOU make.

Not someone else. Not if you made a million a year. 50% of current pre-tax income, today. You actually think the government should take half?

Quote: rxwine

50??

Quote: rxwine

So you asked if I wanted to pay 50% (which was my answer) at my income in regards to Soopoo's specific 10 million income question as if that makes any sense???

Quote: AZDuffman

Why would it not? Fair is fair. What is more fair than everyone paying the same rate?