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What's sad about the scenario you painted is that 99 people decided to be 1% as productive as the 1 person.
Sorry, everyone is as productive as that one guy. If fact when you account for the one guy's three hour "power lunches" and afternoon tee times, the 99 actually invest more of their time and produce much more than that one guy.
ok, say the one guy leaves. He doesn't take his income with him. I guess the other 99 could get by with a 100% pay raise.
Enslaved, the wealthy guy, putting thousands away every week is enslaved if he has to pay a tax? You don't see someone spending every dime they make to just survive as being enslaved?
Quote:
Originally Posted by hawkeye2009
The one guy, paying more, realizes he is being "skinned" and is paying everything for everybody else. He leaves the country, or moves his assets out of the country, and the road, sewers, water works ect are never built. The people remaining, being far worse off than before, look for the next "richest" person to skin, thus driving them out as well. It is a communist death spiral. One must ask all the liberals- would you work for free for someone else? Of course not! So why do you ask others to do the same thing? One would have to be insane to "agree" to these wishes.
The liberal fantasy of enslaving someone else to pay for everything is a fantasy. No one in thier right mind will become a slave for the pleasure of others.
Didn't you read Animal Farm in school? The pigs killed Merry, the horse; when the socialists kill the engine of industry, there is no industry, the standard of living declines, then everyone is "happy". Wake up- if socialism was so great, the USSR and North Korea would rule the world.
$0 to $8,700-----------------5%
$8,700 to $35,350------------10%
$35,350 to $85,650-----------15%
$85,650 to $178,650----------20%
$178,650 to $250,000---------30%
$250,000 to $300,000---------35%
$300,000 to $500,000---------40%
$500,000 to $1 mil -----------45%
$1 mil to $3 mil --------------50%
$3 mil to $5 mil --------------55%
$5 mil +-----------------------60%
And I would love to be in the 60% bracket. Would be a wonderful problem to have.
Cannot argue with that, having to pay taxes on $5 million a year would be a great problem to have.
The wealthy's tax rate is nearly 5 times that of the middle class. Even those who only pay the 15% capital gains tax rate are still paying 2 to 3 times the rate of the middle class.
Where do liberals/Democrats/lefties get their completely false information on who's NOT paying their fair share? Talking points? That they swallow hook, line, and sinker without question? When will liberals think for themselves and research the actual truth? The information is out there. Stop letting those with an obvious agenda manipulate you. Knowledge is power!
Hint:The bottom 90% of taxpayers are NOT paying their fair share. The top 10% are paying MUCH MORE than their fair share, and the to 1% is paying WAY MORE than even that.
Politicians purposely phrase arguments to encourage class warfare. All of them. It deflects the issue from the fact that spending is completely out of control. I would love an explanation as to how the deficit can expand by a factor of trillions without a single cent being applied to the balance on the national debt.
$0 to $8,700-----------------5%
$8,700 to $35,350------------10%
$35,350 to $85,650-----------15%
$85,650 to $178,650----------20%
$178,650 to $250,000---------30%
$250,000 to $300,000---------35%
$300,000 to $500,000---------40%
$500,000 to $1 mil -----------45%
$1 mil to $3 mil --------------50%
$3 mil to $5 mil --------------55%
$5 mil +-----------------------60%
And I would love to be in the 60% bracket. Would be a wonderful problem to have.
When you're taxed 60% at $5 million, you take home ~$2 million. You could also take home ~$2 million by just making $4 million with 55% taxed. That's the problem with your tax brackets - they discourage the pursuit of wealth (which made the USA as great as it... once... was).
Also, your taxes are way higher for everybody than our current real taxes.
I agree with Bruins_Fan. With as low as 5 million comming in I would not care if I had to pay 3 milliion. Even a mere 2 million dollars a year is more than I could eat, drink or screw away without killing myself. The difference between BF, me and buzzard is we do not worship at the Temple of Money and he does. This is not a financial issue it is a religious issue.
I agree with Bruins_Fan. With 60 million comming in I would not care if I had to pay 5 milliion or even 50 million. Even a mere 10 million dollars a year is more than I could eat, drink or screw away without killing myself.
The problem is not that you couldn't easily live on $10 million / year, it's that you can still take home $10 million / year by making less money and being taxed less, while contributing less to the economy and government revenue.
Please note I edited my previous post. I wonder what makes anyone thing executives contribute enough to be paid these outrageous amounts. I believe they do not and are using these numbers a chips in the dick is bigger than your dick child hood game. Paying anyone to screw their stockholders out of these salaries is very close to fraud. So, even if the amounts are just chips in a game, these salaries and bonuses should be taxes at 90% plus rate. The game playing strivers would still strive because they are addicted to the striving and the rest of us would benefit by having lower taxes. Like none.
The Laffer Curve makes me laugh because of the complete absurdity of the idea.
. I wonder what makes anyone thing executives contribute enough to be paid these outrageous amounts.
oh so your opinion is that MANAGING, DIRECTING, and LEADING are not contributions.
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