The Myth of taxing the rich.....why?

[jmac00]

seems the rich are getting pounded pretty good by the IRS


http://articles.moneycentral.msn.com/Taxes/CutYourTaxes/make-32k-youre-in-the-richer-50percent.aspx

[mechanicalgsxr]

didnt you know your supposed to be punished for working hard in the united socialist states of america comrade?

[wolfstrike]

there's no such thing as "taxing the rich"

everyone with money is invested in business one way or another.

every time businesses are hit with taxes they take the cash from their employees or their customers.

[jmac00]

there's no such thing as "taxing the rich"

everyone with money is invested in business one way or another.

every time businesses are hit with taxes they take the cash from their employees or their customers.

would you care to expound on this revelation? The article refers to Personal Gross Adjusted Income (AGI) How is this related to business?

[wolfstrike]

where do you think the top 1% get their money from?

[bootlen]

Actually, Wolfie is right. Which only proves it is no help to most Americans to tax the rich, businesses, or corporations. They will just pass the expense on to you and I. The best means of increasing revenue is to lower taxes, thereby putting more cash in your and my hands to spend on goods and services.

What Wolfie does NOT understand is it has been proven beyond the shadow of a doubt that the best way to increase revenue is to decrease taxes across the board..especially to the rich and to corproations.

Thank you, Wolfie, for bringing that out.

[wolfstrike]

yeah, we're all sick of being trickled on.

what you republicans don't understand, is you can't play a ball game with a team that doesn't follow any rules.

the government was never given authority to collect all this money they extort.

we have people playing games with our economy, every time someone wants to lower taxes, someone invents an amount of money we "owe"

the only solution is to pull the plug on the illegal government.

Americans have already lost everything anyways, they're just not aware of it.

[scrogdog]

Most people miss the point, in my opinion, on the issue of "taxing the rich".

They ARE given tax breaks... no question. In return for entering "speculative ventures" in which they might lose more than the tax break compensates.

It's one of those things that is blown out of proportion by uninformed retards.

[acmanko]

Could any of you define rich
Wealth can be a better indicator
can any of you say you are poor?

[k-fridge]

This whole diatribe of taxing the wealthy is nothing but the Democrats playing the class envy card. It's very effective to people in the lower income brackets as it speaks to their financial struggles and their envy of the wealthy.

Though it's a very effective strategy for certain politicians, it's very destructive to our country. Yet another example of how the Democrats have put individual/partisan power above the needs of our country.

[jmac00]

Could any of you define rich
Wealth can be a better indicator
can any of you say you are poor?

according to the article it's anyone that makes over $388,000:rolleyes:

[acmanko]

according to the article it's anyone that makes over $388,000:rolleyes:
I beg to differ, but a person who makes over 388,000 can be in the same situation as a person who makes 50,000 ayear and lives paycheck to paycheck. a more accurate factor of wealth is how much cash one has in the bank. I'm not talking about assets , just plain spendable cash. a very small portion of the public has as little as 40,000 that is liquid and spendable

[jmac00]

I beg to differ, but a person who makes over 388,000 can be in the same situation as a person who makes 50,000 ayear and lives paycheck to paycheck. a more accurate factor of wealth is how much cash one has in the bank. I'm not talking about assets , just plain spendable cash. a very small portion of the public has as little as 40,000 that is liquid and spendable

now your working the percentages. The article refers to AGI, so they are looking at money before taxes which is all income