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| *Loan,banking and credit>>>income tax |
Since those in the top 10% of incomes pay most of the taxes, why not let them pay all of the taxes.? |
I think incomes below 200 thousand should not be taxed. That would be a great idea, except for one thing. Income tax is an unconstitutional fraud, and should never have been established in the first place, has no right to exist, and should be abolished immediately, and there are groups of people working very hard to make that happen. There are also others who are working hard to increase awareness of the history of the Federal Reserve, and the IRS, and the income tax.....when they were established, and who established them, and for what purpose. Everyone should watch google and watch the movie, America from freedom to fascism! *sm* That's a good idea. Before WW I only the rich paid income taxes. It's time we went did that again. Costa Rica doesn't tax the first 45k of income, after that it's a progressive scale. Why don't we just redistribute everyone's wealth so that way nobody would be rich and everyone would be poor... Sounds great! <sarcasm> Because then there would be no incentive to become a top earner in America, in fact you would be penalized. Not only that, but then politicians would always try to write new laws that would tax the rest of us, siting that they need more money and the middle class has it and are not paying their dues. Why are you leftists so full of class envy and hatred? Why on earth would you want to stifle the innovation and risk-taking necessary to start new businesses and employ people by disincentivizing potential entrepreneurs? Sweden has a tax system which does just that, and there will never be a Sven Gates. Thought you would enjoy this answer: Tax Cuts - A Simple Lesson In Economics鈥?This is how the cookie鈥╟rumbles鈥?Please read it carefully鈥︹€ㄢ€↙et鈥檚 put tax cuts in terms everyone can understand. Suppose that every鈥╠ay, ten men go out for dinner. The bill for all ten comes to $100. If鈥╰hey paid their bill the way we pay our taxes, it would go something like鈥╰his:鈥ㄢ€═he first four men (the poorest) would pay nothing!!!鈥ㄢ€═he fifth would pay $1.鈥ㄢ€═he sixth would pay $3.鈥ㄢ€═he seventh $7.鈥ㄢ€═he eighth $12.鈥ㄢ€═he ninth $18.鈥ㄢ€═he tenth man (the richest) would pay $59.鈥ㄢ€⊿o, that鈥檚 what they decided to do.鈥ㄢ€═he ten men ate dinner in the restaurant every day and seemed quite happy鈥╳ith the arrangement, until one day, the owner threw them a curve.鈥ㄢ€ㄢ€淪ince you are all such good customers,鈥?he said, 鈥淚鈥檓 going to reduce the鈥╟ost of your daily meal by $20.鈥濃€ㄢ€⊿o, now dinner for the ten only cost $80. The group still wanted to pay鈥╰heir bill the way we pay our taxes.鈥ㄢ€⊿o, the first four men were unaffected. They would still eat for free!!!鈥ㄢ€˙ut what about the other six, the paying customers? How could they divvy鈥╱p the $20 windfall so that everyone would get his 鈥渇air share鈥???鈥ㄢ€═he six men realized that $20 divided by six is $3.33. But if they鈥╯ubtracted that from everybody鈥檚 share, then the fifth man and the sixth鈥╩an would each end up being 鈥淧AID鈥?to eat their meal.鈥ㄢ€⊿o, the restaurant owner suggested that it would be fair to reduce each鈥╩an鈥檚 bill by roughly the same %, and he proceeded to work out the amounts鈥╡ach should pay.鈥ㄢ€ˋnd so the fifth man, like the first four, now paid nothing (100% savings).鈥ㄢ€═he sixth now paid $2 instead of $3 (33% savings).鈥ㄢ€═he seventh now paid $5 instead of $7 (28% savings).鈥ㄢ€═he eighth now paid $9 instead of $12 (25% savings).鈥ㄢ€═he ninth now paid $14 instead of $18 (22% savings).鈥ㄢ€═he tenth now paid $49 instead of $59 (16% savings).鈥ㄢ€‥ach of the six was better off than before and the first four continued to鈥╡at for free鈥?But once outside the restaurant, the men began to compare鈥╰heir savings.鈥ㄢ€ㄢ€淚 only got a dollar out of the $20,鈥?declared the sixth man. He pointed鈥╰o the tenth man 鈥渂ut he got $10!鈥濃€ㄢ€ㄢ€淵eah, that鈥檚 right,鈥?exclaimed the fifth man. 鈥淚 only saved a dollar,鈥╰oo. It鈥檚 unfair that he got ten times more than me!鈥濃€ㄢ€ㄢ€淭hat鈥檚 true!!鈥?shouted the seventh man. 鈥淲hy should he get $10 back when鈥↖ got only $2? The wealthy get all the breaks!鈥濃€ㄢ€ㄢ€淲ait a minute,鈥?yelled the first four men in unison. 鈥淲e didn鈥檛 get鈥╝nything at all. The system exploits the poor!鈥濃€ㄢ€═he nine men surrounded the tenth and beat him up.鈥ㄢ€═he next night the tenth man didn鈥檛 show up for dinner, so the nine sat鈥╠own and ate without him. But when it came time to pay the bill, they鈥╠iscovered something important. They didn鈥檛 have enough money between all鈥╫f them for even half of the bill! |
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