The 400 Richest Americans Pay An 18% Tax Rate

Discussion in 'Economy' started by Sallow, Jul 26, 2011.

  1. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    This is sort of a WTF moment.

    :blowup:
     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    That's twice what they should pay!!
     
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  3. martybegan
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    martybegan Gold Member

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    And yet those 400 consist of 0.00016% and probably pay at least 10% of all federal tax revenue.

    Since when have we decided taxes are retribution for people being sucessful?
     
  4. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Retribution?

    We have a system that FOSTERS their accumulation of wealth. From the justice system, infrastructure like bridges and roads, to direct government contracts and grants.

    There are multiple SERVICES provided, TO THEM to HELP THEM RUN THEIR BUSINESSES.

    Heck WE INVADED IRAQ TO HELP THE OIL INDUSTRY.

    WTF!
     
    Last edited: Jul 26, 2011
  5. Truthmatters
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    Truthmatters BANNED

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    Some people want them to be turned into our new kings and queens
     
  6. martybegan
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    martybegan Gold Member

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    And they pay for it, a shitload more than you probably do. The question is at what point does increasing the tax rate on only a small percentage of americans becomes taxation without representation? If 99% of the people can force 1% to fund thier government in excess of what others are willing to pay, what type of democracy is that?

    Also thier accumulation of wealth allows others to make money, to pay taxes, to have businesses.

    Sometimes it seems this is less about government funding and more about envy of people who have more crap than you do.
     
  7. martybegan
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    martybegan Gold Member

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    Some people want a system that is not based on having wealthy people float the majority of the government. It is unsustainable.

    You dont see it at the federal level as much as at the state/city level.
     
  8. editec
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    editec Mr. Forgot-it-All

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    Oh those poor poor Billionaires.

    They suffer so.

    Boo hoo hoo!
     
  9. martybegan
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    martybegan Gold Member

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    Since when is taxation about suffering, lack of suffering, or taking money from people just because they have more of it?

    Taxation is to fund the government, nothing more, and right now the government at the federal level is doing all sorts of jobs it was never intended to do. It is being used by people with social agendas to fund thier pet projects using other people's money, and the bully pulpit of the government to get other people's money.

    I am not jealous of people who make more or have more than me, something others on this board obviously have issues with.
     
  10. abriaje
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    abriaje Rookie

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    Thanks for this info.
     

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