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1. question 1 is irrelevant because they POSSESS the largest proportion of the wealth in this country.
1. question 1 is irrelevant because they POSSESS the largest proportion of the wealth in this country.Three questions:
1) Which country has their top 1% of earners paying a larger proportion of the overall tax burden than America?
2) What percentage of Americans do you think should not have to pay any federal income tax? More than pay no fed tax now or less?
3) Since you clearly advocate for higher taxes on wealthy people, what do you think the result of higher tax rates will be?
How insulting you try to be, eh, eflat. Everyone knows what wealth is. Do you have some proof of that stupid statement? And the envy card you just played is stupid. It also tells us a lot about you. The envy statement is a talking point used by every right wing talking head out there. And it is used by no one else. So, you are insultive and a con tool.Another one that thinks wealth is a finite pile of cash from which we all must draw. That, or your envy is showing.
Guess that eflat is simply solisciting opinions so that he can insult anyone who he does not agree with.Half the country is not old or serving. What about everyone else that does not pay federal income tax. You were saying something about fair???
Sure, they'll pay them, only less so. Just as the UK learned last week, raising tax rates on the wealthy usually results in LESS revenue. So, why would you want to raise taxes if it isn't going to raise revenues? Envy again?
eflat, you are aiming at misleading. Lets look at that statement. Because, it is a great way of misleading without actually lying. Reagan lowered the taxes to the rates you say, in 1988, The last year of his presidency. But they only stayed in place for 3 years. In 1991 the rates were back to where they were before reagan lowered them. Because, as you also did not mention, the economy went down hill.And by the way, when Reagan was President, we passed the Tax Reform Act, which took tax rates to 15 and 28 percent.
And again, can you document why we should all be afraid. Very afraid.The current highest tax rate is 35%...heading higher next year.
Please help me understand this:
The main argument AGAINST raising taxes on incomes over $250k is that it would hit small business owners. They'd have less money to pay salaries and they'd cut hiring and the US
would loose jobs. Seems to make sense.
But, salaries are a business expense. They're paid with pretax dollars. A tax increase on incomes over $250k would not impact money used to pay salaries. It would only impact the owners salary. No?
example: assume a business has revenues of $1M /year and their only expense is salaries and thats $300k/year. The owner of the business takes home each year $700k in profit.
Now the tax increase goes thru. It does NOT decrease the money available to pay salaries.
The $1M is left alone. It ONLY impacts the $700k in profit that the owner gets.
It appears the proposed tax increase would NOT affect jobs.
What am I missing?????
you mean like deployed military personnel?
old people on social security?
who's not paying their fair share?
besides the top 1%, that is...
Three questions:
1) Which country has their top 1% of earners paying a larger proportion of the overall tax burden than America?
2) What percentage of Americans do you think should not have to pay any federal income tax? More than pay no fed tax now or less?
3) Since you clearly advocate for higher taxes on wealthy people, what do you think the result of higher tax rates will be?
1. question 1 is irrelevant because they POSSESS the largest proportion of the wealth in this country.
2. question 2 is irrelevant unless you're willing to say that old people on social security and people deployed and serving our country should pay income tax.
3. i think a RETURN to the same tax rates they paid previously is an irrelevancy. They paid it then. They'll pay it now.. and it's still lower than tax rates when Reagan was president.
So why are you taking a position on something that has no bearing on your life?
And the envy card you just played is stupid. It also tells us a lot about you. The envy statement is a talking point used by every right wing talking head out there.
What am I missing?????
Instead of raising taxes on anybody that already pays taxes, why not tap into that nearly 50% of the population that pays no federal income tax at all? Let's see them do their "fair" share for a change.
Instead of raising taxes on anybody that already pays taxes, why not tap into that nearly 50% of the population that pays no federal income tax at all? Let's see them do their "fair" share for a change.
Instead of raising taxes on anybody that already pays taxes, why not tap into that nearly 50% of the population that pays no federal income tax at all? Let's see them do their "fair" share for a change.
Yes, they are the ones who really owe big time since they don't contribute by creating the new jobs and products that grow an economy and create a civilization.
Instead of raising taxes on anybody that already pays taxes, why not tap into that nearly 50% of the population that pays no federal income tax at all? Let's see them do their "fair" share for a change.
Yes, they are the ones who really owe big time since they don't contribute by creating the new jobs and products that grow an economy and create a civilization.
HR 25 bill....consumption tax