Only if you let them continue to exploit loopholes. You remove their loopholes and make them pay 30% on their total earning they will be paying far more in taxes than they do. This isnt about taxing disposable income. The gap will close some because the rich will be paying more in taxes. I dont see how that benefits the rich.
Muciti, can you tell me what YOUR effective tax rate is for 2011? Mine was ~16%
Last edited by Chiefgator; 04-17-12 at 06:53 PM.
As a dreamer of dreams and a travellin' man, I have chalked up many a mile.
Read dozens of books about heroes and crooks and I've learned much from both of their styles!
However, right now, the poor are already (if they aren't on welfare) working min wage or close to min wage jobs. If you increase their tax from 0 to 30% you are going to swamp and kill the welfare system.
The rich have a higher % of disposable income, so while they will be paying more it won't affect them nearly as much as the poor so the gap will widen IMO
I know, it's outrageous that the government stop trying to fix everything, but I think we've seen how much they really fix, in the long run.
Nope. Its the growth of government. All government costs flow downhill. Just like **** from the toilet to the septic tank. The "rich" will pass on every added tax to those downstream. Every time Obama wants to raise taxes on the rich, or evil corporations, it will flow downhill until it hits those who cannot pass it on. The middle and lower classes. The bigger the government, the more crap will be passed on, and the greater the gap will become.
And the liberal lemmings just keep foaming with the class envy stupidity.
Cause its all they know to do.
Although France in 1785 faced economic difficulties, mostly concerning the equitability of taxation, it was one of the richest and most powerful nations of Europe. The French people also enjoyed more political freedom and a lower incidence of arbitrary punishment than any of their fellow Europeans. However, Louis XVI, his ministers, and the widespread French nobility had become immensely unpopular. This was a consequence of the fact that peasants and, to a lesser extent, the bourgeoisie, were burdened with ruinously high taxes levied to support wealthy aristocrats and their sumptuous, often gluttonous, lifestyles.