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Your primary motive for taking THEIR MONEY is theft.
You appear to believe that a good reason to take other people's money is just because they happen to have it.
First the lowering and raising of taxes is all done by law so no theft is taking place. It's all legal. Second, as I mentioned I'm one of the people that PAYS taxes. I'm not sweating the tax increase.
The argument of not raising taxes for the top 1% is essentially the richest people in America "Talking Their Book". People who are selfish tend to look after their self-interest first and don't give a damn about other people.
The standard Republican Party platform is "If you are not rich **** you!"
Anybody with a sound sense of economics KNOWS the are in the best position to absorb a tax increase. Why? They will continue to invest their money and look for ways to increase their income.
yes the rate was that then.......but that was also BEFORE there was ,,,state income taxes,,, locol property taxes that could be 30% or more of your income.the gas taxes (both fed and state), and all the other taxes we currently pay.
back then (the 1950's) the rich was classified as over 300k....in today's dollars that would be over 3 million...not the 250k that keeps coming out of washingtonDC's mouth
why would anyone work, if you are going to hit them with 100% tax.
the income tax in New Jersey is 10%....hm you earn 1 million...the fed tax (if a rate of 90%) is 900k, (prior any deductions)...the state tax (before deductions would be 100k....wow...that's 1 million in taxes on 1 million on earnings....why work...why earn????
Jersey has a flat income tax of 10%? Are you sure about that?
Quote:
How New Jersey State income tax rates are structured
The tax table below will show in detail the New Jersey state income tax rates by income tax bracket(s). There are 6 income tax brackets for New Jersey.
If your income range is between $0 and $20,000, your tax rate on every dollar of income earned is 1.4%.
If your income range is between $20,001 and $35,000, your tax rate on every dollar of income earned is 1.75%.
If your income range is between $35,001 and $40,000, your tax rate on every dollar of income earned is 3.5%.
If your income range is between $40,001 and $75,000, your tax rate on every dollar of income earned is 5.525%.
If your income range is between $75,001 and $500,000, your tax rate on every dollar of income earned is 6.37%.
If your income range is $500,001 and over, your tax rate on every dollar of income earned is 8.97%.
Income tax brackets data last updated March 3rd, 2009.
In any case, I'm not defending higher tax rates or even lower tax rates, I am only poking fun of the left and right arguing over who has the worst wealthy donors. Generally people in low and middle classes who defend lowering tax rates on the highest income levels do so because they believe in the dream that someday they will have a house next to Bill Gates or worse, because their team says so and like the bumper sticker, "God said it, I believe it, and thats that".
...back then (the 1950's) the rich was classified as over 300k....in today's dollars that would be over 3 million...not the 250k that keeps coming out of washingtonDC's mouth
Exactly. Classify the rich as those earning over $3 million, then we'll talk.
Generally people in low and middle classes who defend lowering tax rates on the highest income levels do so because they believe in the dream that someday they will have a house next to Bill Gates or worse, because their team says so and like the bumper sticker, "God said it, I believe it, and thats that".
That's just your 'opinion.'
Many people believe in the flat tax on the principle that everyone should pay their fair share.
No, it's fact. Not everyone pays the same tax rate.
What constitutes fair, who makes the determination of what a fair share is, you? Are we talking about liberal egalitarianism kind of fair where we are all equal and the same? that kind of fair?
First the lowering and raising of taxes is all done by law so no theft is taking place. It's all legal. Second, as I mentioned I'm one of the people that PAYS taxes. I'm not sweating the tax increase.
The argument of not raising taxes for the top 1% is essentially the richest people in America "Talking Their Book". People who are selfish tend to look after their self-interest first and don't give a damn about other people.
The standard Republican Party platform is "If you are not rich **** you!"
Anybody with a sound sense of economics KNOWS the are in the best position to absorb a tax increase. Why? They will continue to invest their money and look for ways to increase their income.
Would you mind informing me how the house and senate voting went on the tax cuts for the rich that are now expiring?
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