Ok, I agree if you make a million dollars a year you should pay more in taxes than the guy that makes $10,000. But if you charge them both the same percentage rate, the rich guy is paying far more taxes. Lets grab a number, say 15%. 15% of $10,000 is equal to $1,500, while 15% of $1,000,000 is equal to $150,000. I could accept this as fair. but many of those on the left, and the ignorant masses they are educating in the government schools, think that charging the rich 90% of their income is fair. Lets use the same numbers, 15% for the poor guy, so he is still getting to use 85% of his $10,000 that comes to , $8500 left in his pocket, and $1500 to uncle Sam. OK rich guy, pays 90% of his 1,000,000 to uncle Sam. He gets to use $100,000 while paying the USA $900,000. In what universe would this be fair? not in this one. Use some common sense. Most people, human nature being what it is, would take a look at those numbers, and say let's not make 1,000,000 this year. The tax rate goes down a 200,000. so I would pay 40% there. $200,000 minus 40% is equal to $120,000 to uncle Sam, and $80,000 left in the pocket. and about an extra 100 hours in the week in which to spend with family, that I won't get if I make the 1 Million and only take home $100,000. Sounds like a better deal to me. Of course the super rich, like Madonna, Oprah, and the other Hollywood celebs that say tax the rich more, they don't pay US taxes, they emigrate to some warm banana republic where they can live a few weeks a year, and claim citizenship. Nassau Bahamas anyone?
In the 30's, through the 50's we had a lot of super rich celebs, and businessmen move to Paris, Cuba, and other exotic ports of call. They did not pay the 90% rates, they chose to leave. Tell Bill Gates and Steve Jobs that you are going to take 90% of everything, Do you think they would stay here?
While I am ranting here, lets talk about corporation and corporate taxes. Have you ever seen a business lowering it's profits to pay taxes? I don't think so, the stockholders would be up in arms. They pass those costs through to the consumer in the guise of higher prices. You say "ooh, that's evil, they can't get away with that", but ask yourself, would you buy stock in a company that paid those higher taxes out of profits? I didn't think so.\
Ireland got it right a few years ago. They lowered corporate taxes. Many businesses moved there. Lets lower our corporate tax rate to 5%, and see how it effects businesses here. I bet a lot of those that relocated out of the country would come back.
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