Do you know how Democrats think. "Tax cuts for the Rich" Read this....?

Question

After reading this...feel free to read my great illustrations of Democratic behavior in my previous questions. Thank you for being honest and open-minded about silly democrat behavior and policy.


I was having lunch with a retired professor last week and the
conversation turned to the government's recent round of tax cuts.

"I'm opposed to those tax cuts," the retired college instructor
declared, "because they benefit the rich. The rich get much more
money back than ordinary taxpayers and that's not
fair."
"But the rich pay more in the first place," I argued, "so it stands to
reason that they'd get more money back."
I could tell that my friend was unimpressed by this meager argument.
Even college instructors are a prisoner of the myth that the "rich"
somehow get a free ride in America. Nothing could be further from the
truth.
Let's put tax cuts in terms everyone can understand. Suppose that
every day 10 men go to a restaurant for dinner.

Suppose that
every day 10 men go to a restaurant for dinner. The bill for all ten
comes to $100. If it was paid the way we pay our taxes, the first
four men would pay nothing; the fifth would pay $1; the sixth would
pay $3; the seventh $7; the eighth $12; the ninth $18. The tenth man
(the richest) would pay $59.
The 10 men ate dinner in the restaurant every day and seemed quite
happy with the arrangement until the owner threw them a curve. Since
you are all such good customers, he said, I'm going to reduce the cost
of your daily meal by $20. Now dinner for the 10 only costs $80.
The first four are unaffected. They still eat for free. Can you
figure out how to divvy up the $20 savings among the remaining six so
that everyone gets his fair share? The men realize that $20 divided
by 6 is $3.33, but if they subtract that from everybody's share, then
the fifth man and the sixth man would end up being paid to eat their
meal.

The restaurant owner suggested that it would be fair to reduce each
man's bill by roughly the same amount, and he proceeded to work out
the amounts each should pay. And so now the fifth man paid nothing,
the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the
ninth paid $12, leaving the tenth man with a bill of $52 instead of
$59.
Outside the restaurant, the men began to compare their savings. "I
only got a dollar out the $20," complained the sixth man, pointing to
the tenth, "and he got $7!" "Yeah, that's right," exclaimed the fifth
man. "I only saved a dollar, too. It's unfair that he got seven
times more than me!" "That's true," shouted the seventh man. "Why
should he get $7 back when I got only $2? The wealthy get all the
breaks!"
"Wait a minute," yelled the first four men in unison. "We didn't get
anything at all. The system exploits the poor." The nine men
surrounded the tenth and beat him up.

The next night he didn't
show up for dinner, so the nine sat down and ate without him. But
when it came time to pay the bill, they discovered something
important. They were $52 short!
And that, boys, girls and college instructors, is how America's tax
system works. The people who pay the highest taxes get the most
benefit from a tax reduction. Tax them too much, attack them for
being wealthy, and they just may not show up at the table any more.
There are lots of good restaurants in Switzerland and the Caribbean!
(Author not named)

Answer 1

Right on! but the so called "poor" have swallowed the democratic party myth that the rich pay no taxes at all. I hear it all the time in a coffee shop I haunt filled mostly with Dems. Democrats have filled america with the myth the rich pay no taxes or less than their fair share. They are better at spreading their myths. They have the media and college classrooms as their captive audience. My uncle, a self proclaimed poor working man has, a boat, vacation home, and money of all kinds. But he worked blue collar and votes democrat because he hates the "evil rich" read that anyone that owns their own business.

Answer 2

-wow im surprised at how many stupid people agree with this fool! LOL

Seems like you've been watching to much faux news to me. Your uneducated guess at how things play out probably amused the retired college professor...

All the data that documents the effect of President Bush's tax cuts for investment income show that they have significantly lowered the tax burden on the richest Americans, reducing taxes on incomes of more than $10 million by an average of about $500,000. Democrats only point this out and say this tax cut benefits the rich and hurts the poor, and that his trickle down economics do not work. Which studies have shown.

You only have to look at the trends that set it since bush took office. The rich get richer and the poor get poorer.

You sound like a neo-con supporter to me. You claim to hate big government but at the same time support Bush. Under Bushes reign the powers of the executive branch have MASSIVELY grown. If you pay attention to how things are today and remember how things once were then you might get a little confused if we live under a dictatorship or democracy. Bush himself has said he can simply ignore certain laws the house passes. He goes unchecked thanks to the weak legislative body. He has used fear instilled after 9/11 to tremendously increase his own power...

I am not a democrat so dont try any of those weak insults.

I could find a thosand sources but it would be a waste on people like you so here are just three.

Answer 3

What you don't understand is that the rich get rich by selling products to the middle and upper class. An economic speading plan shouldn't be about rewarding the rich. It should be about getting the economy moving. That doesn't happen by giving money to the people that have no reason to spend it.

Look at the economy, the Tax cuts didn't work until we entered a war time economy. Now the government is big time spending giving middle class income (soldiers pay). Because of it the economy gets better.

Answer 4

i will just come right out and say it you are a lier and the truth is as follow's.the money earned by the top 10% of americans is done so off the backs of the working man.they own the companies that americans work for and by and large pay no taxes at all .TAXES are collected from income and the vast wealth of these top 10% is on investments of which they pay 15% .NOW tell me again so i understand it right the man paying 30% in taxes making a hundred grand a year pays 15% more on his income then the wealthier owner this is fair how.IF all my income came from capital gaines and my investments are solid i only pay 15% of my income seems fair but what about the guy making only 100 grand he is paying twice as much .DO not lie to people who know the truth .
BY the way the rich guy ownes a company employeeing 10,000 workes and ownes 40% of the stock pays himself 300,000 a year and his employees make an average of around 22,000 a year .THE funny think is they make boots for the united states military and thats it .ALL the money he made and his employees came from someplace else.SO tell me where real tax payers and workers come from ..
NOT those who profit from government contracts at the expense of real working americans.WHEN you try to steal from america you need a better story then the one you used to shift the attention fro m the rich robbing america blind and you will pay for this .The zars of russia thought like you remember october 1919 and tell me about what your future holds .

Answer 5

The story above has nothing at all to do with the question of tax cuts, and the disproportionate nature of them in recent years.

From personal experience, there are many ways made available by the tax code (only for those who can afford accountants with nimble fingers and devious minds), to avoid paying one's fair share of taxes, and the wealthy take advantage of all they can.

Say the wealthiest man at the table refused to pay anything. His reasoning? Because he provides jobs for others at the table. Because his spending on luxury goods for himself, his family, and his misstresses would stimulate the economy, and (eventually) "trickle down" to the lower classes. He couldn't possibly pay for his fair share, or help others at the table pay theirs, for that would be keeping the others from reaching their full potential.

An even more realistic example is 10 people sit down to dinner. The wealthiest person realizes the rest aren't "moneyed", so he has the head waiter come and escort the rest away from the table, has them watch him eat all the food, and then leaves the bill for the others to pay.

The wealthy have it so hard in the US today. It must really suck to have all that money, what with all the liberals pounding at the gates trying to get at it.

Answer 6

Not only that- I cant figure out whom in their right mind would actually want higher taxes. I only pay 50 or so % of my money into Fed, State, Local, Property, sales, etc taxes right now- thats not nearly enough! LOL, what idiots. More money in everyone's pockets = more money that is either spent on goods (spurring jobs) or invested (also spurring jobs). Money sent to the government is likely to be wasted on building a bridge to nowhere in Alaska or some other porkbarrel spending program that nobody needs, and only benefits a select few.

Answer 7

Where do you get this crap!

The rich don't pay more! After right offs they pay little compared to the percentage of total expenditures on taxes and Social Security!

Business, 48 companies, PAID NO TAX! And many got refunds on the no taxes they paid!

"Taxpayers who rank in the top 50 percent of taxpayers by income pay virtually all individual income taxes. In all years since 1990, taxpayers in this group have paid over 90 percent of all individual income taxes. In 2000 and 2001, this group paid over 96 percent of the total."

Do you know who the top 50 percent is?

Those making $44,000 a year and above!

49 % of families made between $44,000 and $74,999: 28 Million 507 thousand families

only 2.9% of families made over $200,000 a year: 2 Million, 112 Thousand families

There are 72 million,500 thousand families working

There were 26 Million, 400 thousand more paying taxes between
$44,000 and $74,000

So if the top 50% are paying the taxes, 95.2% are those who make less than $200,000, with 61.2% of that being making less than $75,000.

Those earning over $200,000 comprise 4.08% of those paying the most taxes!!

The clear majority of those paying taxes, 61.2%, as apposed to the clear minority of 4.08% earn less than $75,000 a year.

Guess who got all of the tax cuts? It sure and hell wasn't the 61.2%. It was the top 1.0 %!!!!
Facts are from the US Census Bureau, but I had to do the Excel spreadsheet!

Answer 8

This feeble analogy fails to make a key point. The richest man, who is asked to pay (gasp!) $59 dollars, makes $210 million a year. The poorest man, who works full time, makes $15,000.

The richest man would have to be a pretty big f'n whiner to complain about his bill, don't ya think? Oh, but I forgot, we are talking about Republicans, so I guess it goes without saying that the multi-millionaire would ***** and moan if asked to pay a couple of extra dollars.

Answer 9

I wholly agree with that. even more so now that all the tax money that could be spared went to a free paid vacation for all the low to no income households of New Orleans. and I am from N.O. so I know what we all went through but come on people if the system wasn't taken advantage of as much then taxes wouldn't be as high as they are. (which really isn't that high right now, its lower than it has been in the past) thanks for the anecdote

Answer 10

Harm the rich?

At what point in the history of our country did any class of people deserve an act of congress to protect their financial standard of living from harm?

If taxes are harmful for one group, then they must be harmful for others.

Standing up for less responsibility to our nation has made you life better in what way?...