Cold Fusion38
SUPER GENIUS
Oh one more thing when you want to understand the disparity between rich and poor you also have to take into account the amount of the countries WEALTH that they control.
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Yeah, the ones collecting welfare are all rich and living off of the poor.
Yes and its called corporate welfare. Remember the bailouts? Did that go to the poor? The rich get their welfare in different ways....tax breaks, shelters, off-shore tax free investments..
Its coming from the taxpayers and is still welfare
And none of that shit should be happening either. And another reason the present Tax Code needs to be done away with. It creates more problems than it settles and is punitive in so many ways.
And why the Founders never meant to tax INCOME of individuals to start with. It is nothing but a tool to alter behaviour against the better interests of this Republic.[/QUOTE]
BS
The Founding Fathers recognized the need for the Government to raise revenue. In the pre-industrial revolution timeperiod, an income tax would have been impractical.
How about we get rid of SS taxes altogether, and let me keep that 7.5% of my income? Oh wait, my employer matches it. Make that 15% more income for me.What I find interesting about all of the little graphs posted by right-wingers, and the clever little charts is this. None of them represent the tax burden, no, not at all. They all talk about only the federal income tax. There is no inclusion of sales, gas, utility, property, toll-road taxes, or fees, or FICA taxes only on the first hundred thousand earned.
There is a good reason for that, of course. It is, the only tax that the truly wealthy pay more of as a percent of income, than the poor. All these people who are poor, end up paying all these other taxes, which disproportionately affect a person earning 20 grand a year. All these taxes to someone earning 300,000 dollars a year, are a pittance. They attack the one tax they pay more of, the one tax that properly assesses them greater responsibility for the much, much greater share of the commons that they use, to make their money.
A flat tax, or a national income tax, would not only hurt the economy terribly, taking money directly from the pockets of the poor and middle class. But they would finally achieve a status where the filthy richest of us, will actually pay less in taxes than a burger flipper in a fast-food restaurant.
And of these facts, right-wingers stay blissfully unaware. The next time someone bloviates around you, say, hey, how about we get rid of all regressive taxes, that way we can all make some headway. At least drop the stupid cap, so millionaire earners will at last pay as much as the middle, and upper middle class, for FICA/SS taxes. That is the least they could do.
Now, lets get to your burger flipper tax payer as it pertains to a flat tax or national sales tax compared to the burger flippers manager. Lets assume a 10% sales tax.
Joe burger flipper goes to the grocery store and spends $40 on groceries, he buys beans and chicken, his tax is $4.
Joe burger flippers manager makes a lot more money, so he goes to the grocery store and spends $100 buying steak and sushi, his tax is $10.
Which one paid more tax?
Now, lets look at it from a flat income tax point of view. Again, lets assume a flat income tax of 10%.
Joe burger flipper makes $18,000 a year, at a 10% flat tax rate he pays $1,800 of income tax.
Joe burger flippers manager makes a lot more money. He makes $50,000 a year. At a flat income tax rate of 10%, he pays $5,000 of income tax.
Which one paid more tax?
So let's have the gubment take it from the rich and redistribute it to people that don't work or pay taxes, sooper dooper idea ......
Oh one more thing when you want to understand the disparity between rich and poor you also have to take into account the amount of the countries WEALTH that they control.
Top 10% of our nation own more wealth than the bottom 90%.
How about we get rid of SS taxes altogether, and let me keep that 7.5% of my income? Oh wait, my employer matches it. Make that 15% more income for me.What I find interesting about all of the little graphs posted by right-wingers, and the clever little charts is this. None of them represent the tax burden, no, not at all. They all talk about only the federal income tax. There is no inclusion of sales, gas, utility, property, toll-road taxes, or fees, or FICA taxes only on the first hundred thousand earned.
There is a good reason for that, of course. It is, the only tax that the truly wealthy pay more of as a percent of income, than the poor. All these people who are poor, end up paying all these other taxes, which disproportionately affect a person earning 20 grand a year. All these taxes to someone earning 300,000 dollars a year, are a pittance. They attack the one tax they pay more of, the one tax that properly assesses them greater responsibility for the much, much greater share of the commons that they use, to make their money.
A flat tax, or a national income tax, would not only hurt the economy terribly, taking money directly from the pockets of the poor and middle class. But they would finally achieve a status where the filthy richest of us, will actually pay less in taxes than a burger flipper in a fast-food restaurant.
And of these facts, right-wingers stay blissfully unaware. The next time someone bloviates around you, say, hey, how about we get rid of all regressive taxes, that way we can all make some headway. At least drop the stupid cap, so millionaire earners will at last pay as much as the middle, and upper middle class, for FICA/SS taxes. That is the least they could do.
Now, lets get to your burger flipper tax payer as it pertains to a flat tax or national sales tax compared to the burger flippers manager. Lets assume a 10% sales tax.
Joe burger flipper goes to the grocery store and spends $40 on groceries, he buys beans and chicken, his tax is $4.
Joe burger flippers manager makes a lot more money, so he goes to the grocery store and spends $100 buying steak and sushi, his tax is $10.
Which one paid more tax?
Now, lets look at it from a flat income tax point of view. Again, lets assume a flat income tax of 10%.
Joe burger flipper makes $18,000 a year, at a 10% flat tax rate he pays $1,800 of income tax.
Joe burger flippers manager makes a lot more money. He makes $50,000 a year. At a flat income tax rate of 10%, he pays $5,000 of income tax.
Which one paid more tax?
Top 10% of our nation own more wealth than the bottom 90%.
And it gets worse every year. The AVERAGE CEO now makes about 435 times more than the average worker.
Top 10% of our nation own more wealth than the bottom 90%.
And it gets worse every year. The AVERAGE CEO now makes about 435 times more than the average worker.
So what. A private company should be able to pay its employees whatever it wants.
So what. A private company should be able to pay its employees whatever it wants.
yet the current congress is spending even moreThe president doesn't control spending, the congress does.
Post a chart showing federal expenditures by congressional control and it would be more realistic. And yes, during much of the Bush administration, the republican controlled congress spent like drunken sailors. I didn't like it then either.
Drunken sailors would be a understatement. Which is why I wonder now why Republicans think they'll be taken seriously while screaming "Fiscally Conservative!"
The last time around showed they are just as bad as the Democrats, worse when they want to be, they just happen to spent our dollars on different programs for the most part. Instead of going towards education and social programs, they direct it differently. Their way to cover this spending? Cut education and the social programs.
And it gets worse every year. The AVERAGE CEO now makes about 435 times more than the average worker.
So what. A private company should be able to pay its employees whatever it wants.
Exactly. They can pay whatever their company can bear and it's no one's business but the stockholders, and employees of that company.
If they go under due to bad decisions? Good riddence. Nature abhores a vacuum, and some other entity will fill the void.
And it gets worse every year. The AVERAGE CEO now makes about 435 times more than the average worker.
So what. A private company should be able to pay its employees whatever it wants.
Exactly. They can pay whatever their company can bear and it's no one's business but the stockholders, and employees of that company.
If they go under due to bad decisions? Good riddence. Nature abhores a vacuum, and some other entity will fill the void.
So what. A private company should be able to pay its employees whatever it wants.
They should at least comply with the laws. However, when a company starts to tank, who do you think they're going to fire? The CEO? Or are they going to cut workers? Most of the time, they cut workers.
Do you enjoy the fact that eventually will be a third world country? I mean that by the fact that the top 10% will own 95% of the wealth while the other 90% will own 5%. This will lead to even more "debt slaves" then there are now and everything else.
Something needs to be done.