Why do the rich get richer and the poor get poorer, TAXES?

Question

I make $500.00 a week, my wife ,$400.00 a week ($900 a week). 35% goes for taxes, fed, state , med, ss and all the other taxes for earning money. So I have 65% of spending money< WRONG. I buy ciggeretts or beer 100% tax = 25 bucks for cigs and 5 bucks a 12 pk of beer. I buy gas to go to work to pay taxes 100%, I don"t have a write off. I buy anything 7% Sales tax right off the top. I own a house 10% of what I make. For my car plates here is another 1.5%. My phone bill, look at yours it is like 20%. In my house loan I have paid more for property taxes than I origanaly paid for my house. Taxes should not have no write off s. for the rich man, his life shouldn't be excemt. Out to eat $500.00 milage $500.00, Intertament $5000,00 , being rich and having a tax exsempt life you live Pricless. They will soon tax a fart. Mine is a fart They are able to right off a Fart theirs a queff.They will make money by eating beans.

Answer 1

The rich get richer b/c they invest and don't buy liabilities. ANd they sacrifice by scrimping and saving instead of buying cigs and beer until they can afford it.

Not that I'm judging, I'm not rich, but that's the answer to your question.

Answer 2

rough guess here
could it be due to Financial Illiteracy?

I recommend a Fiscal Challenge Test!

In 1996 it was reported that better than 85% of the people were Financially Illiterate, with that rising to 95% in the last ten years.

Head on over the links supplied below and read the
Report: Complex Money and Financial Illiteracy

then head over and review
Money as Debt

You pay federal taxes simply because you do not know to effectively create a tax-free environment.
The Rich that do not pay taxes are fiscally literate and well read individuals.

There are provisions within the IRS code that you may be unaware of or simply did not understand. That is the area known as employment loans.

Something that merits your attention is the concept of using an offshore (Canadian) employment service provider.

The IRS codes have a position known as 'leased employee', wherein your services are supplied to your current employer, thus eliminating any tax liability to the employer.

The situation here is that the leased employee utilizes an employment loan. This literally means that their are no taxes owing.

It is generally conceded that an income is a benefit enjoyed or received. An employment loan is a debt, and debt is not taxable.

Over the last 20 years this practice has developed the use of personal service business to legally avoid all income tax by turning a salary into a loan.

Consequently, by choosing the right Employment Service Provider, there is no incentive for either the personal services business to pay the salary owing to the leased employee or for the leased employee to repay the loan. Both the salary and loan can be left outstanding forever.

Remember the Taxing Authorities rely on the fact that you have not yet discovered that where there is debt there are no taxation powers, at least at the income level.

hope this helps you out

In the links list below please find the following;
1. report - complex money & finanical illiteracy
2. report - money as debt
3. Canadian Tax - Employment Loans - Incorporated Employee
4. IRS Circular - Leased Employee (page four)
5. Canadian Employment Service Provider specializing in employment loans for Americans

Answer 3

Take a closer look at the numbers. The 'gap' between 'rich' and 'poor' may be getting larger, but BOTH are getting richer. As the vast majority of legal immigrants have proven, ANYONE can be rich if they work at it. Most legal immigrants come to the US with little or nothing and are upper middle class or better within a generation. The so called 'shrinking middle class' only shrinks when members move UP.

The only tax rate you did not overstate is license plates for the car. The ENTIRE cost of that is a tax. I promise you pay a SMALLER percentage of you income for income tax than those you call rich. Your income in close to mine, and I am willing to bet I pay more than you.

Answer 4

And so few people even see it.....

I'd like to see a flat sales tax. Al taxes wrapped into one. It will never happen because people will revolt when they realize how much they're actually paying.

Answer 5

If you're making $25k a year with that grammar and spelling, you're doing pretty well. What's your problem??

Answer 6

because someone has to have the money to pay you for your work

Answer 7

I take it that you don't like TAXES!