Quote:
Originally Posted by Robbie
I think that a lot of this "tax cuts for the rich" stuff comes from the way our tax code is set up.
Those "rich" people pay the vast majority of taxes.
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well of course. someone who makes 60k per year will pay less in income tax than someone who earns $6 mil per. that's simple math
and you can't fault peeps for being at the bottom of a percentage structure. plus as the middle class shrinks and income disparity expands, the richest get richer, and will thus pay even more compared to anyone else.
point is, the uber-rich won't buy more stuff in local economies just because they got a tax cut. whereas what is left of the middle class and low-income peeps use that money to spend. to enhance their lives and families and benefit the economy by injecting dollaz into it.
small business (aka the non-Walmarts of your nation) need some more tax cuts as well.
Quote:
Originally Posted by Robbie
More than 44% of Americans don't pay any taxes at all.
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as Sarettah wrote, the poor do pay taxes. sales tax in particular as the poor spend a greater percentage of their income on fixed expenses and those such as food, bus fare, etc. that's percentage of income working the other way
lived in a lot of nations, all of which had vastly different cultures outside of music. that econ rule in our current international system is unfortunately true everywhere though :/
Quote:
Originally Posted by Robbie
But proponents of high taxes and bigger govt. are always trying to divide people and cause rifts.
And saying that the "rich" got HUGE tax breaks is one way to do it.
But no. They got the exact SAME percentage cut as the guy paying in $500 in taxes.
Nobody seems to talk about the fact that the top ONE percent pay $39.48% of ALL taxes.
The top FIVE percent (of which I'm part of) pay 59.97% of ALL taxes.
But the media and Democrat politicians, looking to stir shit, never talk about that.
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I honestly find it odd that you chose to close your post with this.
I'm not an American, or a capital D democrat. I'm a Canadian social democrat living in the Caribbean.
Plus I hate divisions. firmly believe we all have a least one thing in common and can build on that.
There is no reason to be afraid, by your own admission you and Claudia are kicking much deserved azz. I very much admire the success you both have achieved. not very sure of the current tax structure for peeps/corps/small biz in the US as I haven't looked into it recently, but no matter how much more you get, would you not prefer that tax cut you don't need going to a family who would spend their money locally? on things they do need?
for real, how much money does any given person need and what is their responsibility as the most privileged members of a shared nation/state/whatever ?
I don't have the universal answer, only my own personally. wish I did.
just my thoughts following my rebuttal. no animosity or disrespect intended. remember I'm not American =p