Next time you meet a wealthy person, thank them...

[Shamus]

ic  

shamus

[rpm]

OMFG, I did'nt realise Rip actually drank the Kool Aid.

[Silat]

Originally posted by LePaul
Well let's look at the Gate's, Hiltons, Trump's, etc....and let's see what their tax cuts help do....reinvestment into their respective companies.  So they can *hire more people*, expand their companies and...well, all those new things incur more tax receipts.

If you set an environment where people can spend their money, they do.

LOL
You actually believe that the 3 points that Bush gave Gates etc on their tax went back into the company?

Bush: Im giving you more money
Gates: Oh boy. Im off to Mexico to build a factory

[Silat]

Originally posted by rpm
OMFG, I did'nt realise Rip actually drank the Kool Aid.

He sells it for a profit

[ByeBye]

Originally posted by Silat
LOL
You actually believe that the 3 points that Bush gave Gates etc on their tax went back into the company?

Bush: Im giving you more money
Gates: Oh boy. Im off to Mexico to build a factory

Are you aware of the amount of money Bill Gates has given to chartity?

[Sixpence]

Originally posted by ByeBye
Are you aware of the amount of money Bill Gates has given to chartity?

Is Chartity an ex-wife?

[Ripsnort]

Here is another related article:
The young and very wealthy give less to charity:
Article here with stats

So basically if you under 35 or making over $500,000 a year, you're a cheapskate!

[straffo]

Originally posted by ByeBye
Are you aware of the amount of money Bill Gates has given to chartity?

what about using percentile ?

[DREDIOCK]

You can take it a step farther ever.
That Same 2004 IRS data shows that the top 25% pays 86% of all federal taxes sollected.

Somehow I think the rest of us should be able to scrape up the other 14%

now if you really wanto t see something interesting.
Look up how the tax burden has increased for the top wage earners in the last 25 years

[storch]

Originally posted by DREDIOCK
You can take it a step farther ever.
That Same 2004 IRS data shows that the top 25% pays 86% of all federal taxes sollected.

Somehow I think the rest of us should be able to scrape up the other 14%

now if you really wanto t see something interesting.
Look up how the tax burden has increased for the top wage earners in the last 25 years

I agree 100% add to that the fact that lower 25% utilize 70% of the social services offered and many consider it their entitlement.

[bj229r]

What I find troubling is the a VERY small minority 'contribute' the vast majority of the tax revenue to the gov't, thus a large voting majority is essentially voting to take their money away:confused:

 Only the Rich Pay Taxes!  
 
The Top 50% pay 96.54% of All Income Taxes
The Top 1% Pay More Than a Third: 34.27%
 
 • EIB Numbers Breakdown...here
• IRS PDF: Data for the Latest Calendar Year
• NY Times Buries Truth on Taxes: tscript,  
• CBO Report: Effective Federal Tax Rates Under Current Law, 2001 to 2014
• CY 2001 Posted Forever: here
• Myth Buster: Democrats Get More Campaign Cash from "Rich"  
http://www.house.gov/jec/publications/109/2003taxshares.pdf
http://www.rushlimbaugh.com/home/menu/cy2003.guest.html
http://www.cbo.gov/ftpdocs/57xx/doc5746/08-13-EffectiveFedTaxRates.pdf
 http://www.rushlimbaugh.com/home/today.guest.html

He's been keeping a track on this stuff for years--everytime there is a tax-cut proposed, ya hear about 'tax-cuts-for-the-rich'--thus, the final bill from Congress has only tax cuts for the lower-incomes. After 3-4 of these things over the last 15 years, no tax cut CAN'T benefit the evil rich

[Thrawn]

Originally posted by bj229r
What I find troubling is the a VERY small minority 'contribute' the vast majority of the tax revenue to the gov't, thus a large voting majority is essentially voting to take their money away:confused:

That is exactly why a republic is better than an democracy and why the US simply isn't a republic anymore.

[lazs2]

progressive taxes based on income can get ugly because they mask the expense of socialism until it is too late.

In the US the bottom earners not only pay no tax and use most of the welfare services but they also get money given to them from everyone elses taxes at tax time.. a "tax credit"

Better by far would be a consumption tax that was enterprise funds only (road fuel taxes went only to roads etc).

When you fund things from a central pot... there is no accounting... no program really raises the taxes much overall even if it is a staggering amount... people in the lower and middle class vote for new programs because they think that only the rich (people with more money than them) will be affected.   This is not true of course but by the time they wake up it is too late.   Social security is a good example as is section 8 housing and welfare etc..  

lazs

[Nilsen]

Originally posted by Ripsnort
Re: Next time you meet a wealthy person, thank them...

Yeah... would be nice to get some gratitude around here for a change

[midnight Target]

Originally posted by lazs2
In the US the bottom earners not only pay no tax and use most of the welfare services but they also get money given to them from everyone elses taxes at tax time.. a "tax credit"
lazs

Actually the lowest wage earners pay a much higher percentage of their wages in taxes when you throw in payroll taxes, sales taxes, workman's comp etc. etc..