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These CEO's also say low capital gains tax rates improve the economy. But there is no evidence they do, rather there is evidence low capital gains decrease economic growth.
Those in 1 percent pay around 15 percent. Do you see the disconnect?
There is difference between investment income and new income. I already have those funds and if you're going to jack up the taxes I'll find a better place to invest it. Historically the higher the capital gains tax the less revenue it generates.
I sure do. They shouldn't have to be motivated by no tax on it to want to do it, like wth. You'll spend 10 million on donations but not the, say 1 million in taxes from a 10 percent tax.
And I can't take corporations paying no or fewer taxes by jumping thru loopholes as I examplified above.
I can't take people like Romney only paying 14% because of how he earned his money. What does it matter? 30 million dollars is 30 million dollars wether it be cash or electronic.
What is so wrong with the rich all paying a flat amount no matter what?
I sure do. They shouldn't have to be motivated by no tax on it to want to do it, like wth. You'll spend 10 million on donations but not the, say 1 million in taxes from a 10 percent tax.
And I can't take corporations paying no or fewer taxes by jumping thru loopholes as I examplified above.
I can't take people like Romney only paying 14% because of how he earned his money. What does it matter? 30 million dollars is 30 million dollars wether it be cash or electronic.
What is so wrong with the rich all paying a flat amount no matter what?
For one thing peoples 401K would be a thing of the past.
No, it's time to implement a consumption tax so that the more you buy the more taxes you have to pay.
20yrisnBranson
That is the dumbest idea I've ever heard. The poor would see their taxes increased and the rich would likely see a decrease. At the end of the day, we're all human and all consume a certain amount that doesn't vary very extremely.
If you love the rich so much, why don't you sleep with them.
That is the dumbest idea I've ever heard. The poor would see their taxes increased and the rich would likely see a decrease. At the end of the day, we're all human and all consume a certain amount that doesn't vary very extremely.
If you love the rich so much, why don't you sleep with them.
For one thing peoples 401K would be a thing of the past.
Retirements would be rare.
No, because I'm not saying you tax someone who saved 30,000 the same as 30 million. What I'm saying is you assign them a tax bracket that matches how much they're earned or saved.
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