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Huh?!? He lives in Europe, pays his social security contributions etc. So, of course he will be able to retire. My income is significantly less than his and I too will be able to retire. But Europeans have different expectations of retirement. We don't work our whole lives like crazy in order to compensate in our 70s for all the things we missed out on when younger. Retirees in Europe are modest, no need to travel the world etc. We do all that when young.
Thank you for that. We are not comparing apples to apples if we compare the USA to Europe.
Wealthy are people who make $500,000 a year or more.
If their taxable income is $500k, which is the top 1%, you eliminated 99% of American businesses. Using the figure of $500k in taxable income (which I agree with) only 1% of employers are wealthy. I said 2% of employers are wealthy and that was using a figure of $250k.
LOL Not my thread, I don't need to define it, bit now we have your definition.
I just plain don't think you have any clue as to what you're talking about. There are millions of people that don't make $500 k a year, and have many, many employees, and create new jobs.
That's what motivates me. Many of us have to bear the cross everyday because people throw out things they heard, read, were emailed about.
High schooler challenges Michele Bachmann to Constitution showdown - Yahoo! News (http://news.yahoo.com/s/yblog_thelookout/20110513/us_yblog_thelookout/high-schooler-challenges-michelle-bachmann-to-constitution-showdown - broken link)
What motivated her?
I just "plain don't think" you can post a sequitur response to my original request of you.
If their taxable income is $500k, which is the top 1%, you eliminated 99% of American businesses. Using the figure of $500k in taxable income (which I agree with) only 1% of employers are wealthy. I said 2% of employers are wealthy and that was using a figure of $250k.
I am not talking about taxable income. I am talking about earnings of $500,000 a year. Do you really consider people making 250,000 a year before taxes to be wealthy?
I am not talking about taxable income. I am talking about earnings of $500,000 a year. Do you really consider people making 250,000 a year before taxes to be wealthy?
Well in a given month, they take home what a poor person survives on over the course of a year.
Inside of 5 years they could pay off a decent home and have enough savings for life if they are frugal. In 5 years they could retire and work a job for fun or volunteer, or cut down to part time to pay for a hobby.
99 people out of 100 would be ecstatic to make that much.
I am not talking about taxable income. I am talking about earnings of $500,000 a year. Do you really consider people making 250,000 a year before taxes to be wealthy?
If you want to be discussing corporate taxation, we need to be discussing taxable income. What type of "earnings" are you referring to?
Wealthy people are the people who create jobs. Taxing them to the point they can no longer expand their companies and hire more people makes no sense to me. My BIL told me about a caller who called into Rush Limbaugh to make that very statement. He said he never worked for a poor person.
Wealthy people are the people who create jobs. Taxing them to the point they can no longer expand their companies and hire more people makes no sense to me. My BIL told me about a caller who called into Rush Limbaugh to make that very statement. He said he never worked for a poor person.
Quote:
Originally Posted by ozzie679
If you want to be discussing corporate taxation, we need to be discussing taxable income. What type of "earnings" are you referring to?
Quote:
Originally Posted by pommysmommy
I have no interest in discussing corporate taxation. Did my OP make you think I wanted to discuss corporate taxation?
Affirmative
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