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Re: Dem vs Rep Tax Cut Plan in Graph form!
what nonsense is that--are you confusing Bill Gates with those in the 200K to 1 milliion K group. NExt year's tax will be the highest effective tax rate in US History. I don't know what you are smoking but you must think that everyone in the top 1% only has dividend or capital gains income. Actually the vast majority of people in that group are those with high salaries-doctors, lawyers, accountants, "brand managers" or upper echelon but not top executives at big companies.
Speaking of not being soaked-what about thos e 47% who have an effective federal income tax rate of ZERO
I know lots of people in the 200K-1 million a year level. One former colleague is a partner in a major law firm as is his wife in another meaning they have a combined income of about 500K a year. They have two brilliant daughters-one at an Ivy , the other at Duke meaning they are paying close to 100K in tuition a year. people like you assume that they don't need all the money they make because you project your situation on to them. Why should they pay more taxes when they get nothing from the government additional to what you get despite paying at least 100K in taxes already. (and that doesn't include the high state income tax here in ohio, and property taxes)
How do you figure they are being soaked, when they make so much money that their effective tax rate is around 17%?
what nonsense is that--are you confusing Bill Gates with those in the 200K to 1 milliion K group. NExt year's tax will be the highest effective tax rate in US History. I don't know what you are smoking but you must think that everyone in the top 1% only has dividend or capital gains income. Actually the vast majority of people in that group are those with high salaries-doctors, lawyers, accountants, "brand managers" or upper echelon but not top executives at big companies.
Speaking of not being soaked-what about thos e 47% who have an effective federal income tax rate of ZERO
I know lots of people in the 200K-1 million a year level. One former colleague is a partner in a major law firm as is his wife in another meaning they have a combined income of about 500K a year. They have two brilliant daughters-one at an Ivy , the other at Duke meaning they are paying close to 100K in tuition a year. people like you assume that they don't need all the money they make because you project your situation on to them. Why should they pay more taxes when they get nothing from the government additional to what you get despite paying at least 100K in taxes already. (and that doesn't include the high state income tax here in ohio, and property taxes)