seriously why do so many think that at 50k a year they pey more in tax then a person at a million a year?
2006-08-24 07:25:01 · 7 answers · asked by W E J 4 in Politics & Government ➔ Politics
so. plus....are you afraid to pop a cork a with me?
2006-08-24 07:34:15 · update #1
people dont even understand that if your over a certain bracket that the government makes you donate to charities or face even higher taxes
2006-08-24 07:29:13 · answer #1 · answered by shut up dummy 6 · 2⤊ 2⤋
Because at a million a year, there are two types of earners:
(1) the top executives of industry and finance, whose pay is indeed taxed as you imply;
(2) more commonly, small business owners and investors. Their earnings are capital gains and are not realized, so not taxed; or if they are realized they are taxed at 15%.
2006-08-24 07:36:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, actually I do. I don't "pey" more than a person who earns $1M, but it would be nice to get a tax break once in a while like someone who earns $1M.
You know what they say about assumptions...
2006-08-24 07:29:11 · answer #3 · answered by Pitchow! 7 · 1⤊ 2⤋
No, they don't. People think that those with money don't have to pay ANY taxes. They do, they even have to pay a higher percent when they advance into a higher tax bracket.
I think the people you are referring to don't know anything about it because they are the ones who don't have to pay taxes because welfare is not a taxable income.
2006-08-24 07:30:45 · answer #4 · answered by Terra T 4 · 0⤊ 2⤋
Because after 100k those extra little loopholes start adding up.
2006-08-24 07:54:16 · answer #5 · answered by macdyver60 4 · 0⤊ 0⤋
They mean percentage wise. Not actual dollars.
2006-08-24 07:27:28 · answer #6 · answered by C K Platypus 6 · 3⤊ 0⤋
I do, but those people just need something to cry about.
2006-08-24 07:27:08 · answer #7 · answered by Anonymous · 1⤊ 3⤋