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You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
More : You cannot help the poor by destroying the rich.
You cannot help the poor by destroying the rich.
You cannot help the poor by destroying the rich.
No one says otherwise.
And having the rich pay taxes isnt going to destroy them.
You need to understand that the pre-Reaganomics tax level didn't "destroy" the rich back then and it certainly won't "destroy" them now. It will simply make them a little less rich. Millionaires will still be millionaires.You cannot help the poor by destroying the rich.
You cannot help the poor by destroying the rich.
Who wants to destroy the rich? How obsurd!!!
Are you talking about a physical characteristic here, or what?
So you would agree workrs deserve a living wage and benefits so they can save money?
You need to understand that the pre-Reaganomics tax level didn't "destroy" the rich back then and it certainly won't "destroy" them now. It will simply make them a little less rich. Millionaires will still be millionaires.You cannot help the poor by destroying the rich.
Your idea that adjusting the progressive tax rate will severely compromise anyone is based on right wing propaganda. The following list shows the tax rates that existed during the most prosperous and productive decades in our history, those between 1950 and 1980, when Reagan commenced the destruction of the middle class with a series of critical deregulations and tax reductions.
The income tax rate of upper income levels:
1950 - 91%
1980 - 70%
1985 - 50%
1987 - 38%
2004 - 35%
http://www.taxfoundation.org/files/f...y-june2010.pdf
You need to understand that the pre-Reaganomics tax level didn't "destroy" the rich back then and it certainly won't "destroy" them now. It will simply make them a little less rich. Millionaires will still be millionaires.You cannot help the poor by destroying the rich.
Your idea that adjusting the progressive tax rate will severely compromise anyone is based on right wing propaganda. The following list shows the tax rates that existed during the most prosperous and productive decades in our history, those between 1950 and 1980, when Reagan commenced the destruction of the middle class with a series of critical deregulations and tax reductions.
The income tax rate of upper income levels:
1950 - 91%
1980 - 70%
1985 - 50%
1987 - 38%
2004 - 35%
http://www.taxfoundation.org/files/f...y-june2010.pdf
The following list will give you a general idea of why the tax rate on corporations is in serious need of adjustment.
1) Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.
2) Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.
3) General Electric Over the past five years, GE made $26 billion in profits in the United States but still received a $4.1 billion refund from the IRS.
4) Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.
5) Boeing received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.
6) Valero Energy the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, has received a $134 million tax break from the oil and gas manufacturing tax deduction.
7) Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.
8) Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
9) ConocoPhillips the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.
10) Carnival Cruise Lines Over the past five years, it made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.
You're a brainwashed Foxbot. The rich have doubled to quadrupled their wealth under voodoo economics, while our nonrich are squashed, college and health systems' costs skyrocket and infrastructure collapses. We're turning into a banana republic, while Australia has a 15 dollar minimum wage. TY Pub Propaganda Machine and lyin' Pubs..
You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
More : You cannot help the poor by destroying the rich.
You are an ignorant tool of the poor rich, while our true poor are REALLY miserable and stuck. "Move" is the retort of a true hater/moron. Educate yourself. EVERY country works best when working does not mean poverty...azzhole.LOL
And good night
You need to understand that the pre-Reaganomics tax level didn't "destroy" the rich back then and it certainly won't "destroy" them now. It will simply make them a little less rich. Millionaires will still be millionaires.You cannot help the poor by destroying the rich.
Your idea that adjusting the progressive tax rate will severely compromise anyone is based on right wing propaganda. The following list shows the tax rates that existed during the most prosperous and productive decades in our history, those between 1950 and 1980, when Reagan commenced the destruction of the middle class with a series of critical deregulations and tax reductions.
The income tax rate of upper income levels:
1950 - 91%
1980 - 70%
1985 - 50%
1987 - 38%
2004 - 35%
http://www.taxfoundation.org/files/f...y-june2010.pdf
The following list will give you a general idea of why the tax rate on corporations is in serious need of adjustment.
1) Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.
2) Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.
3) General Electric Over the past five years, GE made $26 billion in profits in the United States but still received a $4.1 billion refund from the IRS.
4) Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.
5) Boeing received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.
6) Valero Energy the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, has received a $134 million tax break from the oil and gas manufacturing tax deduction.
7) Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.
8) Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
9) ConocoPhillips the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.
10) Carnival Cruise Lines Over the past five years, it made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.
You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
More : You cannot help the poor by destroying the rich.
