Originally posted by Diki:
Some interesting stats here (of course, if you don't like them, feel free to label them liberal propaganda ) http://en.wikipedia.org/wiki/Personal_income_in_the_United_States
So, only 18% of people in the States have personal incomes over $100,000.
But they are doing a GRAND job of persuading at least another 33% of the American voters (what they'll need for a majority) that a tax hike on those that make $200,000 a year will be against these lower payed Joe's interests.
But, I guess as long as you keep dropping education standards year by year, this kind of math may be beyond Joe Sixpack's capability
Look, if the Bush tax cuts for the wealthy HAD have been good for the country (and not just the rich) we would not be in the mess we are.
Everybody on this forum that makes over $200,000 a year hold up your hands...
Yep... didn't think so.
People like to vote the American Dream. But then they have to go home to the American Reality. And that, for all but the top 20%, has been getting grimmer and grimmer This is where people are uneducated (thanks to our public school system)
I will make this as clear as possible.
John earns $1,000,000 a year because he worked hard and created a business hiring employees, he might have a maids come in a couple times a week, and gardeners, he eats out three times a week, helping those who own and working in restaurants, he buys new cars every three years, helping salesmen and service employees earn an income He paid 39% in taxes $390,000. One guy pays $390,000 a year!! One GUY!! Because he worked hard and maybe went to school
Now Joe Six pack makes $50,000 a year working for John. He pays in 10,000 in taxes He has enough to make a mortgage payment and buys a used car and may raise a small family. He uses credit to buy more than he can afford. Not for food. But for toys and stuff.
The Government under Mc Cain gives EVERYONE a 10% Tax cut That's fair.
JOe gets $5000 of HIS money back
John gets $100,000 of HIS money back
This is what liberals call GIVING money to the rich. They aren't giving anything those people did not generate on their own!!! They are getting their OWN MONWY BACK! Why do liberal believe its not THEIR money the government has and spending as they please.
John paid more so naturally he gets more back. Now John has another $100,000 to expand his business and hire more people, eat out maybe three times a week
IF you Instead RAISE Johns taxes another $30,000 he maybe lays off an employee, doesn't eat out much, keeps a car for 6 years. A lot of employees suffer. Not just his, ANd John has NO incentive to grow his business and maybe even sells it before Capital gain taxes are rasied (Like Wayne Huzinga is currently doing before Obama gets in office. Yes he is selling a major stake in the Dolphins to avoid paying 25% in Capital gains THIS IS TRUE)
70% of this country are paying for 90% of all taxes collected. 50% pay nothing!!!
I don;t see where taking more from the rich will help the poor. That's welfare, Thats the government saying "From each according to his ability, to each according to his needs" - Carl Marx
NO thanks.
Get rid of the NEA and make all schools private and give people government vouchers to choose the school their kids go to. Watch how the free market makes smarter students.
NO Obama will never be on the Currency But I have no doubt His face will be on the Food Stamp. He is a smart guy and speaks well (when prompted) Make him secretary of housing.