Quote:
Originally Posted by Laker14
Well that's a tad over-generalized.
When the former president who brags about his great wealth, which he estimates at "several billion" is found to have paid $750 in taxes one might wonder about a few things,
1. a billion dollars invested in a 2% CD, (you don't have to be to be a stable genius to find that rate of return in "the world's greatest economy") would generate 40 MILLION dollars. That's ONE billion invested that way. $750 on 40 Million is a tax rate of
.001875%. Now that is a nice tax rate, isn't it?
2. why do we tax income instead of wealth? Because the wealthiest people make the rules, so a father of three, working 60 hours a week who seldom gets to see his kids because his life is evaporating while he's working so hard making 200K,, gets taxed at 40%, while a multi-billionaire who lifts not a finger to make 40MILLION in invested income has a tax rate of .001875%....
Yeah, it's great to be the ones with the power to make the rules.
|
Speaking of over-generalizations-------WOW
Since that top 1% pays 40% of all income tax, do you really think they average a tax rate of .001875%????? Really?????
Those numbers are just talking points for class warfare and socialistic thinking. I would either tax the 47% at some low rate, even if it is only $10, so at least they have some skin in the game. Alternatively, a constitutional amendment that limits the vote to net taxpayers. If you pay nothing, you can pretty much guarantee you will vote for those that promise you the most "freebies" (ie: other people's money)