On the flip side, those CEOs who make 11 million a year haven't earned it, the little guys who are getting paid 8 bucks an hour did!
Flipping your flip side....
Those CEOs that are GOOD and make their companies BILLIONS of dollars certainly seem to earn their millions....
Now if you are talking about companies that are being bailed out by the goverment right now because of bad leadership, then not only should they not get paid, they ought to get a bill.
but this is a completely different discussion than who pays what in taxes isnt it?
__________________ If I do something stupid blame the Lortab!
I see it as people paying thier fair share of Taxes!
In Canada, as it is in the States, the middle class bears the tax load.
Lower income people get breaks and pay little or no tax.
Upper income people don't pay any or all tax's.
Case in point, we had a former Prime Minister who owns Canadian Steamship lines.
In 2003 I think it was, he made $200 Million, he only ended up paying $300 Hundred Thousand in tax's because of loopholes & because he has those ships under foreign flag.
I however work from Jan until June before I am through paying tax's.
Is that fair?
I want a break in tax's & want the rich to pay their fair share.
Besides, Greed isn't a Christian virtue!
Whether Obama will deliver that remains to be seen!
Ron the republicans cut their noses of to spite their faces.
I do not know one person making 40,000 a year that doesn't have taxes, SS and Medicare taken out of his or her check. They like to play the numbers game. Let's say that all people making forty thousand don't pay. Just because this changes the number that Obama uses from 95% let's say 60% what difference does it realy make? Most on this board probably fall in the 60% category yet they don't want that tax cut because they want to change the abortion laws. Now the republicans have been in charge for years and nothing has been accomplished reversing Roe V Wade. They know deep down that it will never happen but vote to cut their nose of any way.
This is one of the reasons I'm in favor of a flat tax. The percentage should be the same, no matter the income, in my opinion - and there should be NO tax breaks for the rich!
I am firmly convinced that the only reason we don't have a flat tax is that it would put a lot of people out of jobs. Think of all the personal tax accountants and preparers that would be unemployed, along with hundreds, possibly thousands of IRS employees!
Our tax system wont change because of this and a good deal more.
the American tax system has become a vehicle for social change. We give tax credits for people who do very specific things. if you don't do those things you don't get the tax break. Its called social engineering.
further instead of a method of collecting receipts to run the government, taxation has become an instrument of economic policy. So long as this is a political weapon, it will not be changed.
__________________ If I do something stupid blame the Lortab!
Ron the average middle class American pays a rate of 25% however, the marginal rate is considerably below that when Child credits, mortagage interest credits, and for many medical costs are factored in.
the average "rich person" in America pays a rate of 36%. Given by and large that their "tax loopholes" are the same as the middle class, the % of their income that qualifies for a loophole srinks and they still pay a marginal rate in excess of 32% on income.
As i already said, the top 10% pay 70% of the American tax burden.
Exactly what % of the the tax burden do you think they should pay?
Ferd, maybe it is different in America than in Canada, but the average Canadian middle class tax payer is not working for his or herself until the end of June.
Now that is, Federal Tax, Provincial Tax, Sales Tax, GST, Municipal Taxes, & the tax on gas!
Someone wrote a book called, "Tax me, I'm Canadian!"
It is funny but the middle class Canadian is fed up with tax's!!
My wife and I are in the 25% range while the wealthy are only paying 8%-10% more. You'll excuse me if I'm not engulfed with sympathy for them.
not much of a liberatarian ideal Mike.....
but never the less, nobody is asking for sympathy, nor even equity. the question is, those folk who are only paying 8% to 10% more than you are paying 70% of the tax bill, but only represent 10% of the population.
The question is, how much should they pay? what becomes equitable? should they pay the whole thing?
if they should pay the whole thing, how about exending that to include paymentso the the 90% who at that pay nothing?
Would it be equitble to for them to pay the entire tax burden, then on top of that pay an additional 10% of thier incomes directly to the 90% who at that point pay nothing?
__________________ If I do something stupid blame the Lortab!
Ferd, maybe it is different in America than in Canada, but the average Canadian middle class tax payer is not working for his or herself until the end of June.
Now that is, Federal Tax, Provincial Tax, Sales Tax, GST, Municipal Taxes, & the tax on gas!
Someone wrote a book called, "Tax me, I'm Canadian!"
It is funny but the middle class Canadian is fed up with tax's!!
hey bro, I feel your pain. it stinks for sure. but when the electorate votes themsleves more benifits than their government can pay for, at the end of the day, the electorate pays for it.
__________________ If I do something stupid blame the Lortab!
but never the less, nobody is asking for sympathy, nor even equity. the question is, those folk who are only paying 8% to 10% more than you are paying 70% of the tax bill, but only represent 10% of the population.
The question is, how much should they pay? what becomes equitable? should they pay the whole thing?
if they should pay the whole thing, how about exending that to include paymentso the the 90% who at that pay nothing?
Would it be equitble to for them to pay the entire tax burden, then on top of that pay an additional 10% of thier incomes directly to the 90% who at that point pay nothing?
First of all the only person who's ever claimed I'm libertarian is you. Really, Ferd clue in man. I'm an Indepedent who doesn't support John McCain because of Iraq and doesn't support Barack Obama because he's entirely too liberal for me. I'm voting Bob Barr because he's right on Iraq and isn't a left wing liberal. I'll spell it out for ya buddy, I-N-D-E-P-E-N-D-E-N-T. I know that's hard for partisan people like yourself to come to grips with, but that's my position.
I don't understand why the 70% portion is such a sticking point with you. Obviously, even if the ultra wealthy were brought down from 36% to the middle class rate of 25%, they'd still be paying a huge percentage more of the total tax burden as whole.
Are you proposing that we lessen the wealthy's tax rate to under 25% so proportionally, they'll be paying the same amount of total taxes paid as the middle class is? 50%/50% or what? Would that make you sleep easier?
__________________
In essentials, unity. In non-essentials, liberty. In all things, charity. Augustine
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