Dumb Question: Taxation on those making a million a year...

[le roi]

Originally Posted by InformedConsent

Accumulated wealth has already been taxed

That's debatable, but in any event I don't care. People get double and triple-taxed all the time. When I buy gas, the income I use to buy that gas has already been taxed. Big deal.

[InformedConsent]

Originally Posted by le roi

That's debatable, but in any event I don't care. People get double and triple-taxed all the time. When I buy gas, the income I use to buy that gas has already been taxed. Big deal.

You don't pay that gas tax twice on the same tank of gas. That's the point I'm making.

[thecoalman]

Originally Posted by RunD1987

My math may be wrong not great with percentages to be honest. Trying to calculate $25000 the percent from a million.

Move the decimal two points to the left.

100% = 1.0
6% = .06
.06% = .0006

[JGMotorsport64]

Originally Posted by brownbagg

there are some people that want to tax million earners at 100%. I feel it should be zero%. only the rich create jobs

Demand creates jobs Rich fill the hole.

Rich people don't just hire people for the heck of it now do they?

[brownbagg]

Well i have never got a job from a poor person

[Stephen1110]

Originally Posted by brownbagg

Well i have never got a job from a poor person