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Tax rates went up on income including an increase in payroll taxes. How does it help the poor to punish the 1% who are typically job creators?
I'm just curious how raising taxes is helping you?
First of all, the upper 1% are NOT "typically job creators." According to the Commerce Department, Anerican based gobal corporations added 2.4 million workers abroad in the first decade of this century while cutting their American workforce by 2.9 million.
As far as individuals go, the rich already have all the mansions and jewelry and whatever else they want already. Repealing their tax rate is NOT going to cause them to run out to the GAP and buy a bunch of new outfits. It's the spending of the MIDDLE CLASS which keeps the economy going, and the middle class is getting more hardship placed on it with the passing of each day.
Second, taxes are not a "punishment." Taxes are what people pay to live in a civilized society. Republicans HATE the idea of a civilized society or the common good, and they ESPECIALLY hate the social contract. They ignore the fact that their taxes and everyone else's go to things like paved roads and repairing bridges (infrastructure); the education of the Nation's children - our country's greatest treasure; police and fire protection - the list is endless.
Those who rose from rags to riches couldn't have done it without an educated workforce to build their widgets, roads for their trucks to use to distribute widgets all over the country, etc. Paying taxes is an act of enlightened self interest - not "punishment" or "slavery" as many on this board contend.
The gap between the rich and the rest of us in the US today is outrageous. Low income Americans will benefit from schools, medical care, police protect, etc.etc. which will be paid for through a tax system which includes the wealthy coughing up their fair share.
You want a plutocracy. I think those who are so eager to grovel before wealth have lost the ability to think for themselves and look around this nation with clear eyes. I am an American - a citizen of the United States. I am not required to grovel before anyone or play the role of syncophant for obscene wealth. No one else in this country is required to grovel either. The wealthy need to pay their fair share. You can lick their boots if you choose to. I don't.
What punishment are America's hard-pressed millionaires/billionaires suffering?
uh hum, people who make $200K are millionaires. how about that kid just coming up.
Liberals and Democrats are so envious and wish they were them. And Oh... "YOUR PAYCHECK IS SMALLER" :-) I'm happy for you since it is what you wanted :-)
uh hum, people who make $200K are millionaires. how about that kid just coming up.
Liberals and Democrats are so envious and wish they were them. And Oh... "YOUR PAYCHECK IS SMALLER" :-) I'm happy for you since it is what you wanted :-)
Thread title specifically mentions the 1%, which would not include those making $200K/year.
Stop moving the goalposts.
Besides, those with $200K annual income could scrape by with a few more bucks/week going to help their country out of the Bush depression/deficit hole. Might mean waiting on that new Mercedes, though.
When you have enough saved, go purchase one each of these.
This will be your over the road vehicle and your home for at least 6 days a week.
Out of the revenue you earn with this rig, you will pay your rent payment for your abode, vehicle insurances, fuel, and maintenance, taxes, self employment taxes and insurance. Many companies that hire you as a private contractor {lessee} will give you the necessary interstate and intrastate operating authorities and permits. Your cut, or take home pay after all expenses are paid will be approximately $1,200 to $2,300 per month, depending on what the runs pay, and depending on how many miles you're willing to drive.
This will be your smaller expediter vehicle, some can fit up to 3 skids into the cargo area. This one is a shorty, 2 skids.
In this unit, you can run all 49 states and Canada and operate off of the lessor's permits and authority.
You'll operate this as a lessee too, and will need to hire a driver and pay him or her 30% to 35% of the gross revenues generated from the services provided/invoiced to the lessor.
You will pay all expenses, maintenance, taxes, and employment taxes for your vehicle and driver.
Your gross revenue from this venture will be approximately $700 monthly, after expenses are paid.
Most expedited cargo drivers log between 125,000 to 150,000 miles a year, some drive more than that.
I have operated as a team driver before, one sleeps, one drives, and you're constantly moving, non stop.
When you end the week, you park the rigs on the street, or you can rent a garage to keep them in.
I did this for 10 years and lived quite comfortably, and had very little if any overhead. I retired in 2004. PS, I did not need to borrow money to do this either.
Forbes Mag. recently put Jeff Bezos daily net gain at 222 million. So how is it punishing him to require 39% of that to help pay for our large military, which require several billion per day to operate? He would still have 136 million per day to play with and of course if he continues to expand as he has the last few years then he might end up paying no tax at all.
The super rich have all kinds of loopholes. On the other hand, those of us who make regular incomes cannot possibly pay for airports and other infrastructure that the 1% ers use a 100 times more than we do. Their kind of income is like winning a big super lottery every day.
Amazon and Walmart and yes Berkshire do employ a lot of people but they also cause a lot of other people to lose their jobs so it takes the government to help smooth out the disparities.
Yep and Obama attacked those small business and then liberals cry because of the fallout.
How? Did he contract credit after promising to do otherwise?
Nope, it was the big banks.
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How does it help the poor to punish the 1%?
