Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
And? If I make 1 million and I'm taxed at 30% my net is $700K. If I make 2 million my net is $800K.
There is no incentive for me to go out and make 2 million, why bother? Understand it's people that own smaller business's that are going to fall into this category, they are the cornerstone of our economy.
If you are taxed at 30% on both incomes, your net is 1.4 million on 2 million, and you pay 600,000 in taxes.
Yeah, it's not something I agree with completely. I think we need to move away from taxing income and tax consumption. Those with more wealth, usually consume more naturally.
And some of the richest/most politically powerful people do not have wages/income but passive and unearned income. They would still pay their share by consuming, which today they are not.
It would also tax those with illicit income. I agree. Move away from taxing income and tax consumption.
I think we need to move away from taxing income and tax consumption.
That is something we can certainly agree on, one of the important things about that is exposing the tax to the consumer instead of it being hidden in the cost of the product.
Tax everything and have a rebate for lower income people for necessities. For example someone making $30K a year might get $1000 rebate for energy, another $1000 for food. The rebate decreases up to something like $75K. I'm just throwing these numbers out here as examples, you'd ahve to average what kind of tax someone is spending on food and other necessary things.
What's not surprising is Fox finds the dimmest to represent the other side.
She is the Organizer of this "Million Student March" ...... who else should Cavoto interviewed if the Organizer of the Event is "the dimmest" person available?
Now, if you consider a "Would you like fries with that?" job adequate employment for a college grad with an average of $29,400 in student loan debt, you'd have a point.
So now, you're shifting the goal posts... You were talking employment rate, now, you want to talk about underemployment...
You're best bet against poverty is a graduating high school.
For the fourth time, college graduates, on average, earn almost a million dollars more in salary, over their life time.
Keep your eye on the ball slugger. Stop trying to prove the unprovable. Fiscal issues aside, college is beneficial. Did you go?
Um, you realize that only the amount above 1M would be taxed at 90%, right?
I guess people don't remember these exact same tax rates when we had the largest Middle Class in the history of the World and probably the fastest growing economy.
That is easy when most of the rest of the industrialized world was bombed flat so no competition and people could deduct just about every form of interest.
She is the Organizer of this "Million Student March" ...... who else should Cavoto interviewed if the Organizer of the Event is "the dimmest" person available?
The march is stupid so you would expect it's spokesmodel to follow suit.
No, I'm not. 44% of recent college grads are underemployed, a percentage that's been increasing since 2001. And they have an average student loan debt of $29,400. Someone (or actually SEVERAL someones) didn't do a cost-benefit analysis. Whose fault is that?...
What's not surprising is Fox finds the dimmest to represent the other side.
She is the supposed leader of some 1 million student march. What is not surprising is she is a liberal-minded entitlist.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.