2007-03-08 01:06:08 · 13 answers · asked by goldandsilver 2 in Politics & Government ➔ Politics
Ha......tremendous
2007-03-08 01:24:39 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Welfare often does that. At least Democrats took back the big tax cuts for big oil passed by Republicans. That welfare ended as we know it. We now have a $9 trillion national debt over ten years. $2 trillion caused by Iraq. I am very happy I am not in my 30s with that debt to pay off. BTW, in 2005 Federal Income was $2.2 trillion. Outlays were $2.5 trillion. Individuals paid in 38 percent of total Income. Corporations only paid in 11 percent of total Income. Net interest on the debt was 7 percent of total outlays. Welfare is still alive for some.
2007-03-08 09:30:27 · answer #2 · answered by jl_jack09 6 · 0⤊ 0⤋
No. They simply alter the methods by which the wealthy create wealth and protect it from taxation. Earned income is more heavily taxed as it rises, so the wealthy reduce their earned income and try to increase their passive income, dividends, and capital gains, which are taxed at lower rates and have losses and depreciation which offset the taxable amount.
2007-03-08 09:44:47 · answer #3 · answered by Biz Iz 3 · 0⤊ 0⤋
Not allways but it does reduce their Capital investments.
It takes money to build factories,businesses, bring new products to market.
That money comes from investers.
It can cost billions to bring a new medicine to market,as an example.
There are over 1000 Non-Governmental Organizations (NGO ) sucking at the tax dollar and we must stop paying them the Billions we give them yearly.
2007-03-08 09:21:32 · answer #4 · answered by Anonymous · 1⤊ 0⤋
No.
Tax increases for the wealthy take away their motivation to create new weatlh and work harder, but not entirely. Its a marginal effect.
Addn: Love the thumbs down. Lotta ignorance out there. I wonder which side the thumbs down came from? Hmmmm.
2007-03-08 09:10:50 · answer #5 · answered by Time to Shrug, Atlas 6 · 1⤊ 3⤋
lol, well that makes more sense than those who say that taxing people takes away their incentive to make money.
I've never heard anybody say - I think I'll take a lower paying job so I don't have to pay so much taxes. So I doubt that wealthy people say "Taxes are too high so I'll stop investing in new businesses, now."
2007-03-08 09:15:37 · answer #6 · answered by Anonymous · 2⤊ 2⤋
Well, they already pay the highest in taxes. Maybe if we raise the amount more, then no one will be motivated to work.
2007-03-08 09:15:22 · answer #7 · answered by az 4 · 2⤊ 1⤋
The more money you make the more taxes you pay.The more taxes are cut the more you save.Seems right to me.
2007-03-08 09:14:22 · answer #8 · answered by Dr. NG 7 · 1⤊ 1⤋
Yes.
These huge tax cuts are nothing but a form of welfare.
They enable these people to lay around doing nothing but eat bon bons, watch soap operas on T.V. and procreate more welfare babies, or as they refer to their chidren, tax exemptions..
.
2007-03-08 09:14:36 · answer #9 · answered by Brotherhood 7 · 0⤊ 3⤋
Tax cuts for the wealthy do one thing only; it makes them wealthier.
2007-03-08 09:09:53 · answer #10 · answered by Anonymous · 3⤊ 4⤋