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I've seen an annual rate of return on contributions from 2.4% to 5.7%. Earners with low income get a better return. High earners get a lower return. People who die early don't do well. But live to 102 and the return is wonderful. |
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Everyone pays about 35% of their income, irregardless of how much they make - well, except for the top 1%. The top 1% pays zero taxes and they get a $1.9 trillion dollar tax cut because , well, you know. It's called the tinkle down theory. |
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We would need a fair money system in order to pay fair taxes. We could use treasury notes as a currency and not pay interest on the debt notes that we are forced to use. The national debt is the product of a dishonest and unfair money system. The debt notes make banker families wealthy beyond reason, and they use that wealth to push more borrowing from their dishonest and unfair money system. Why then do we use debt notes? The Creature from Jekyll Island is a book that tells the story.
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By the way, someone who earns $11,000 doesn't pay any income tax. |
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FAIR SHARE ??
10% of your earned income, no deductions, no write offs. 7% of your savings and investment interest ....no exemptions. If you make 10 thousand dollars, you pay 1 thousand in tax. If you make 10 million dollars you pay 100,000 in tax. What could be fairer than that? The reason I say 7% on savings and investment is to encourage people to save and invest. |
Saw this quote on the internet.....
“The people who are arguing that the rich should pay their ‘fair share’ of taxes, should have paid greater attention in the classes where percent and percentage were taught. There is no such thing as a mathematical ‘fair share’ “ |
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Our entire tax system has been corrupted by special interests getting congress to pass bills favoring individuals and businesses. Govt takes a higher and higher percentage of gnp and go find someone who thinks they spend money efficiently while running huge deficits. |
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