How do you think people become super rich? By not having to pay taxes on the money they make. The more you make, the faster your tax breaks rack up. Eventually you'll make enough that you can buy yourself a Senator and then you don't have to pay any taxes. Conversely, the less money you have, the more you will end up paying just to survive.
Our system is designed to make poor people even more poor and wealthy people even more obscenely wealthy.
Bullsh!t! I was raised with NOTHING, I worked 6 to 7 days a week for years to get myself out of that life. Life is what you make of it. My Daddy had an old saying" You got to get off your ass in the morning if you want to get ahead in life."
How many yachts, private planes, mansions and tax sheltered off shore corporations do you have? I posit that you are not yet included in the ranks of the obscenely wealthy that I mentioned earlier.
Please define this for me because according to some of our politicians $250k+ puts you in this category for a healthy tax hit.
Well, looking at it from my end, I would agree that $250,000 per year in income would be obscenely wealthy. Though I'm sure there are many multi-millionaires who do not fall into that category because their money is protected in off shore accounts and they don't actually earn that much money in any given year (just live off the tax free interest from their off shore accounts).
Let's look at that number for a minute. Last year I paid 36.4 percent to the IRS. Using $250k that is $91,000 leaving $159,000. Now subtracting state and you might be left with $150k. Does that seem like a fair shake to you? I'm just asking because I don't understand were your coming from.
+1000
I think this is the most amusing thing about the whole affair.
"Hey you shouldn't enact those policies. It could cause companies to send money off-shore or use other countries' more favorable tax laws"
*they do it anyway*
"WAAAAAAAAAH why is Halliburton relocating their offices to the UAE!?!?! They're so evil!"
