Face it... The rich are going to stay super rich and they will do anything to do so. If the government actually starts to seize profits, or raise the taxes for the rich is what the Dems call it, they are just going to simply leave. Then what? Does the middle class become the rich and get bum rushed by the soft hearted?
They are already outsourcing jobs...
2007-05-01 05:33:12 · 17 answers · asked by Anonymous in Politics & Government ➔ Politics
Read the question and details again LeoGirl.
2007-05-01 05:38:21 · update #1
Nah, I am for paying for what you use actually.
2007-05-01 05:39:34 · update #2
Louis... This question is for those who pay attention to poltics. There are some people out there who want to tax the rich a hell of a lot more, or even seize some large corps profits for crap such as universal health care...
2007-05-01 05:41:41 · update #3
The maximum tax rate has been WELL over the current 35% for many years, up above 90% at some points, and stayed over 50% from 1932 to 1987.
If the rich didn't run off and leave then, they aren't going to now. Get a grip on something other than your cash.
2007-05-01 05:45:18 · answer #1 · answered by oohhbother 7 · 3⤊ 0⤋
Have you ever read about the easiest way to understand the way we are taxed?
about the 10 Men Going to a $100 Dinner
Published on January 20, 2003
Here it is. It’s been going around the Internet for nearly two years, but judging from the increasing frequency of late, it seems to have enjoyed new life.
I was having lunch with one of my favorite friends last week and the conversation turned to the government's recent round of tax cuts. “I'm opposed to those tax cuts,” the retired West coast college instructor declared, “because they benefit the rich. The rich get much more money back than ordinary taxpayers like you and me 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.
So I said to him, let's put tax cuts in terms everyone can understand. 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. [Ah, what a sweet deal that man who cleans the airport urinals for $6 an hour has. He eats 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 percentage, being sure to give each a break, 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 of 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 man 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 should 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
Any Questions?
2007-05-01 12:48:51 · answer #2 · answered by USAjane 2 · 1⤊ 0⤋
Here is a scenario for you. I will use simple numbers to make it clearer.
John makes $1,000,000 a year and Jane makes 30,000 a year.
From the money they earn each must pay for food, shelter, clothing, transportation etc.
Each must pay taxes. John is taxed at 30 % and Jane is taxed at 10%.
John pays $300,000 in taxes and Jane pays $3000 in taxes.
This leaves John with $700,000 to provide his family with food, shelter, clothing and much much more.
Jane is left with $27,000 for food, shelter, clothing etc. That leaves Jane with $2,250 per month for living.
Which of these two do you think can best afford to pay taxes and still live a reasonably comfortable life? Don't worry how they get their money or their status. Just look at the figures.
2007-05-01 13:06:20 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Class envy never put a dime in my pocket or any other fool that buys it.
Government should encourage investment in the USA not drive it away with wind fall profit taxes.
2007-05-01 12:52:00 · answer #4 · answered by Anonymous · 1⤊ 0⤋
I think that would be great!!! Get rid of the rich bastahds!!! I don't need 'em!!! Dems already feel they aren't paying their portion of the taxes so off with 'em
We'll turn their ginormous mansions into high-end orphanages!!! Knock the U.S. down a couple levels, even out the playing field, get rid of the rich b's
2007-05-01 12:48:44 · answer #5 · answered by nothing 5 · 1⤊ 1⤋
You cant seize Money from The Democrats in Congress.
2007-05-01 12:47:07 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Old money has their money save overseas or they own enough hard assets to survive the next great depression. Its the yuppies in the McMansions and the working class who will suffer the most when the dollar fails.
2007-05-01 12:46:20 · answer #7 · answered by Magpie 2 · 2⤊ 0⤋
Even more important is if profits are confiscated, will the Bill Gates's & Steve Job's of the world to their inovating here?
2007-05-01 12:45:47 · answer #8 · answered by yupchagee 7 · 0⤊ 0⤋
The rich are already taxed. How many of them are fleeing the country? What makes you think that doing anything to the tax rates will make someone leave the country?
2007-05-01 12:37:46 · answer #9 · answered by Louis G 6 · 3⤊ 2⤋
Yes, the middle class becomes the rich.
2007-05-01 12:55:34 · answer #10 · answered by Anonymous · 1⤊ 1⤋