some of you just don't understand. if the taxes are high the spending is low, the rich will save their money to pay taxes. the rich are at the top of the chain, when they spend money every link of the chain underneath them gets some. lets say someone buys a 10 million dollar boat from a dealer, that money gets taxed. the guy who sold the boat pays his employees that money gets taxed. thay all go out to celabrate at a resteraunt after work and spend money, that money gets taxed. the waitress gets a huge tip, thats taxed. the waitress can afford to go to the store, the store pays taxes. the guy who sold the boat will buy his kids new cars or what ever and that gets taxed. all this creates a strong economy and increased revenue for the gov. i could go on and on explaining it but why, if you don't get it you never will
2006-08-04 08:55:17 · 6 answers · asked by onefatwhiteguy 2 in Politics & Government ➔ Politics
im not a democrat you moron
2006-08-04 09:04:37 · update #1
This is for those of you with a short attention span, or who went to public school in the last 30 years. He's talking about the Laffer Curve. See below for a graphic representation.
2006-08-04 09:07:06 · answer #1 · answered by SPLATT 7 · 1⤊ 1⤋
Kudos.
The truth is that rich people (as you put it) probably pay more taxes than poor people because they make/have more money.
I get really annoyed when people say that poor people (as they put it) should pay less taxes and the rich should pay more.
We all should pay less taxes. In some cases, the so-called poor are not really paying any taxes at all because they don't make enough money.
Ehhh...now I'm touching slightly on subjects that require too much thought for a Friday afternoon at the office.
Think I'll go back to work.
2006-08-04 16:02:17 · answer #2 · answered by dagny535 2 · 0⤊ 0⤋
yet the little ones like me still pay a good chunk in taxes to. To be honest you have explained this in such a way that it DOES make sense. How can people not understand what you just wrote when i can get it. You can not put the situation any simpler.
2006-08-04 16:05:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yeah, that's if the OWNERS of all those corporations don't keep most of the profit for themselves. If that was teh case, everyone would have a lot of money, but the harsh reality is that the ones at the top KEEP a lot of what they make. It does NOT trickle down.
2006-08-04 16:02:13 · answer #4 · answered by Kookoo Bananas 3 · 0⤊ 0⤋
boo hoo hoo another crying damnocrat that believes that howard dean is a god .
2006-08-04 16:02:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋
yeah right .that not the way it work my friend
2006-08-04 16:01:29 · answer #6 · answered by idontkno 7 · 0⤊ 0⤋