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The super-rich pay a lower tax rate than the middle class. Why? Because the vast majority of a billionaire’s “income” comes from capital gains, not wages. To add insult to injury, the capital gains come from the labor of the middle class. The middle class subsidies the billionaire club and corporate CEO class. How do you think the billionaires and CEO class got rich in the first place? Do you really think they personally created billions of dollars for society all by themselves?
I’ll be happy to hear your rationalizations for this situation.
Do you have any idea whatsover how few people actually fall into that category? The category of people at the bottom who pay zero federal income taxes and are net takers is WAY bigger. It probably isn't the entire 45% of people who pay ZERO FEDERAL INCOME TAXES but it's pretty close, I am sure.
Bill O'Reilly says He'll Take His Assets Out of US if Warren wins. If other wealthy individuals follow suit would that have a major negative affect on the US economy.
Do you have any idea whatsover how few people actually fall into that category? The category of people at the bottom who pay zero federal income taxes and are net takers is WAY bigger. It probably isn't the entire 45% of people who pay ZERO FEDERAL INCOME TAXES but it's pretty close, I am sure.
You are correct. A tiny few have half the wealth in this country. They should at least pay their fair share of taxes.
The people who pay zero taxes are the one who are trying to survive on two minimum wage jobs. If you think that those people need to be punished for their (supposed) laziness by paying higher taxes, please say so.
The super-rich pay a lower tax rate than the middle class. Why? Because the vast majority of a billionaire’s “income” comes from capital gains, not wages. To add insult to injury, the capital gains come from the labor of the middle class. The middle class subsidies the billionaire club and corporate CEO class. How do you think the billionaires and CEO class got rich in the first place? Do you really think they personally created billions of dollars for society all by themselves?
I’ll be happy to hear your rationalizations for this situation.
false..the rich pay MORE than the middleclass with a higher overall rate
You are correct. A tiny few have half the wealth in this country. They should at least pay their fair share of taxes.
The people who pay zero taxes are the one who are trying to survive on two minimum wage jobs. If you think that those people need to be punished for their (supposed) laziness by paying higher taxes, please say so.
your bolded would be false also...very wide brush you try to paint with
I make 77k and pay ZERO in federal income taxes, and get most if not all of the payroll taxes back
Well, I'm retired with with comfortable pension plans and savings, but not enough for me to flee the country... Yes, to Thailand or Belize, but I love MY country of birth and when it's time to leave this place, I want to be buried in my native soil.
If Warren wins, she's going to raise the taxes on ALL the Middle Class... Without doubt and if anybody thinks different, you're either a liar or a fool cuz the rich can do something that the Middle Class can't do, flee the country in comfort.
The financial experts are stating that the markets will take a major hit if Warren is elected and I believe it since she's anti business and wants to give away everything for free, which isn't free. And!! Once the rich start to flee the country and renounce their US citizenship, that money has to come from somewhere and if you're honest, you know where it's going to come from... Not the rich cuz they're gone.
It is true that you will pay taxes no matter what country you end up in, but it's the tax rates. AND how much further your US Dollars will go, which will often balance out into your favor in at least 75% of the World... No, the rich will not be fleeing to Canada, France or Sweden... They're not stupid to move to any socialist country.
All I can do is take all my money out of the markets and wait to be severely taxed.
If Warren or any of the current Democrates win in 2020, it's going to be a rough 4-8 years for the Middle-Class. Basically, as always, the workers and producers are going to get phoocked in this deal... No doubt about that!!
Basically, as always, the workers and producers are going to get phoocked in this deal... No doubt about that!!
Yes.
Like George Carlin said, the rich make most of the money and pay none of the taxes, the middle class does all all of the work and pays all of the taxes, and the poor are just there to make sure that middle class people keep showing up at their jobs.
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