What is the point at which the incentive to work is taken away because of taxes too high? Have we reached it?
2007-12-10 02:59:26 · 19 answers · asked by Anonymous in Politics & Government ➔ Politics
Pretty soon. That's a fact.
2007-12-10 03:01:48 · answer #1 · answered by Jade 5 · 4⤊ 2⤋
A high tax on the wealthy only results in the poor having to pay more. It is quite simple. Imagine a business person who is bringing home one million after taxes. Life is good. Now, the taxes go up and the person is now bringing home $900,000. Hmmm. No problem, raise the prices, lower the quality of the goods, and/or let a few people go. Now, the business person is making that million per year again. In the end, any tax increase is passed on to the poor indirectly.
2007-12-10 03:03:31 · answer #2 · answered by A.Mercer 7 · 1⤊ 2⤋
I disagree fundamentally with what you're saying. You're basically saying that income distribution in America in growing more equal, with have giving away more and more.
However, if you looked up the US bureau of statistics on income distribution, and did a simple Lorenz curve analysis using the gini coefficient measurement (used by most statisticians to measure income inequality).. and use that in 10 year intervals from 1970 to 2000, you wil see that income distribution has got much more unequal with the wealthiest 10% claiming more and more of that income flow.
Therefore, based on fact, your logic is fundamentally incorrect.
2007-12-10 03:26:50 · answer #3 · answered by MattH 6 · 0⤊ 0⤋
This gov has many ways too tax besides income tax's If you own a small co you know what I mean I closed my small co in Calif because of these back door tax's
2007-12-10 03:10:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The real haves, the one at the top of the food chain pay 17% of their income to taxes whereas the middle and working classes pay 30%. There is plenty of incentive at the top.
2007-12-10 03:02:30 · answer #5 · answered by Anonymous · 4⤊ 2⤋
Ah, yes. The "haves." The ones the Constitution holds out as being more important than anyone else. We should definitely worry about them more than we worry about any other American citizen. After all, it's in our Pledge of Allegiance:
"...one nation, under God, indivisible, with liberty and justice for the haves."
2007-12-10 03:08:13 · answer #6 · answered by Bush Invented the Google 6 · 2⤊ 1⤋
Who do you consider as the "haves."
People who are wealthy don't work for a living. People of wealth live on investments. Investments are taxed at only 12%, far below what a working person is taxed.
It is the people who wish to "have" that work hard for a living.
2007-12-10 03:06:50 · answer #7 · answered by Perplexed Bob 5 · 2⤊ 2⤋
I have never heard of a single person who decided to stop making money because they didn't want to pay taxes.
2007-12-10 03:08:23 · answer #8 · answered by Anonymous · 1⤊ 0⤋
I don't think incentive to work will ever cease. The government rapes me more and more and I respond by working harder.
It is all we can do to combat the left....
EDIT
"forget the war buy more" - Your propaganda is so shallow and lop sided. Don't talk percentages talk dollars. The top 2% pays over 90% of the TOTAL GOVERNMENT REVENUE... that ia a fact not a slanted number
You think it is fair for someone making $200,000 a year to pay in $80,000 when another person only pays in $5,000? Sure, in percentages you propaganda works... but not when talking real figures. What does the person paying in $80,000 get that the person paying $5,000 doesnt get.... nothing. We get nothing more for paying in 20 times more.
This is wealth redistribution and it is communist
2007-12-10 03:02:34 · answer #9 · answered by jskmarden 4 · 1⤊ 4⤋
I think everybody has forgotten the Boston Tea Party!
2007-12-10 03:12:47 · answer #10 · answered by Anonymous · 1⤊ 0⤋
2 years, 47 days, 3 hours, 48 minutes and (at time of typing) 10 seconds.
the point is 47% and no we haven't reached it (see above)
Just you wait and see...
2007-12-10 03:05:30 · answer #11 · answered by Anonymous · 0⤊ 0⤋