supposed to, and making sure that becoming a trillionaire is like reaching the speed of light,... it should be immposible the closer you get!
2007-07-24 14:39:11 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
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the top 10% incomes pays 75% of the taxes, and that 10% owns 95% of the wealth in the USA.
The bottom 90 % that owns only 5% of the wealth, pays 25% of the taxes.
Does that sound like they are really paying their taxes? dollar for dollar, the middle class pays more taxes per dollar than the top 10%.
I say reduce tax on the poor and middle class, and increase it on the top 5%. If any of the top 5% have a problem with a tax increase, sieze their assets, and force them to live on the income with the lowest tax bracket for 5 years.
When they cry, "that isn't fair!", tell them "Life isn't fair", like they tell everyone else. After that five years, they'll be happy to pay the higher tax bracket.
Problem solved!
Crying done!
2007-07-24 19:07:22 · answer #1 · answered by avail_skillz 7 · 0⤊ 0⤋
What you fail to comprehend is that the super rich are the ones writing the tax code. If you don't like the tax code, vote the buggers out in favor of someone more reasoned.
2007-07-24 21:49:12 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
go to www.fairtax.org. I it so simple it is frightening. This takes away all leverage from special interest groups too!
(Which is why it will not catch on with the frontrunning political candidates!! They'd loose all their fund-raising revenue!)
The Fair tax would generate enough money to keep the government in the red, provide an easy process for state's to get their tax dollars, and taxes everyone equally. This way there are "no loopholes" for illegals or super rich to dodge!!
Easy!
2007-07-24 21:59:33 · answer #3 · answered by Patricia D 6 · 0⤊ 1⤋
The reality is that the ultra-wealthy DO pay the vast majority of all taxes. You can find all of the stats on the IRS website.
BTW, there are no trillionaires. Not yet, anyway.
2007-07-25 09:42:42 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 1⤋
The top 1% of incomes pay 34% of personal income taxes. That means the super rich do pay all (most) the taxes. Im in the lower 50% of incomes. Keep your mouth shut so you dont ruin it for the rest of us with lower incomes. Thanks.
2007-07-24 23:30:41 · answer #5 · answered by Evan W 2 · 1⤊ 1⤋