[quote]pat wrote:
[quote]pittbulll wrote:
[quote]pat wrote:
[quote]pittbulll wrote:
[quote]pat wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
Who should deside what is fair? The rich? The poor? The Middle?
[/quote]
I can tell you right now the Bush tax cuts were written by and for the wealthy :)[/quote]
Everybody got a tax cut, first. Second the dirty little secret about rich people, is while they may be rich, they may not be receiving ‘income’. So you can tax the shit out of them at 100% and it won’t make a damn to them or tax revenue.[/quote]
No one wants to tax the shit out of them , No one thinks they are evil, it is a ploy to avoid serious conversation on the disparity of the value of the wealthy’s dollar $.87 and the working class’s dollar $.70 [/quote]
You are looking only at one avenue of taxation, income. Rich folks tend to have many more avenues of taxation due to having more shit: property, sales, capitol gains, etc. Now while us lowly have some of that too, they tend to have those things at a much higher level. They own big houses, perhaps several of them. They own more and more expensive cars, have many investments, boats, planes, people and if the own a business, they pay tons of taxes on it too. So in reality they pay a lot of taxes, just not income. They perhaps get a break on income, but the get hosed some where down the line.[/quote]
Their planes port at municipal airports , their boats dock at public docks , Their trucks roll on public streets . The use more man hours of the police and fire because they have more assets to protect.
[/quote]
Ever try to buy a boat slip? Not cheap. They don’t use airports for free and every time they pay for a place to park their planes or boats, they get taxed. They get taxed for the plane too, it has to be registered like a car, same with a boat. They get taxed on the fuels too. For every asset a person has a tax is paid, the more assets, the more taxes are paid. Further, believe it or not you want people to buy these things. One they get taxed like a mother fucker for it, two, middle class people usually work on those things. What happens to the people at Ferrari if people don’t buy them? They are unemployed. Then you have the dealers, the shippers, the mechanics the parts dealers, etc. All unemployed.
The one thing you want rich people to do is spend their money. More then taxing them. The more they spend the more they get taxed. If you tax them more on one end, they spend less and therefore have fewer taxing opportunities. Don’t throw more taxes at them, get them to spend, spend, spend.
You’re not going to fix the disparity with income tax. That’s small piece of the pie for them. What we don’t want rich people to do, is hoard their money.[/quote]
I have to admit I have never tried to buy a boat slip, I will bet it is paid to private enterprise ?
Income tax for the middle class is %30 that is 3 in 10 dollars because the wealthy have more representation in Washington they have better tax rate , Half of the working people . I have always said that was the biggest loss the working class took with the loss of strong unions .
How are the wealthy going to hoard their money ? They could not do it unless the money market paid more than single digit returns