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Originally posted by projectvxn
reply to post by Night Star
I'm not getting this train of logic at all.
Just because you're rich does not automatically make you greedy. Greed is not necessary to success in life.
I will never understand why people think that the only way people succeed in life is through being greedy.
Hard work does pay off, so does education. Some people put in the work and reap great rewards for it, and they are entitled to keep it. Why we assume people wanting to keep their money is tantamount to greed, and should be punished through taxation is beyond me.
No, the rich do not pay their fair share.
In 2002 the latest year of available data, the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income.
The top 1 percent of taxpayers paid 33.7 percent of all individual income taxes in 2002. This group of taxpayers has paid more than 30 percent of individual income taxes since 1995. Moreover, since 1990 this group’s tax share has grown faster than their income share.
Taxpayers who rank in the top 50 percent of taxpayers by income pay virtually all individual income taxes. In all years since 1990, taxpayers in this group have paid over 94 percent of all individual income taxes. In 2000, 2001, and 2002, this group paid over 96 percent of the total.
The Tax Policy Center estimates that for 2009, 43% of tax units (most of which are lower income households that may or may not file a return) will have no income tax liability or will have a negative income tax liability, meaning the government will actually pay them.
What does the federal government do? Where are the tax dollars being spent?
Can you tell exactly what the average working guy gets for the tens of thousands of dollars he send to the federal government in income taxes?
If our federal government wasn't subsidizing corporations so much, most manufacturing would most likely be done locally. If imported goods were taxed to show their real cost, they wouldn't be able to complete with locally produced goods and services.
I'm not arguing against that. But forcing more taxation will just drive costs further up.
Originally posted by Night Star
If I were rich, I can't imagine ever being so greedy that I would not want to be taxed more. The lower and middle class have paid way more than their fair share.
Tax dollars are being wasted on everything from bailouts to unconstitutional entitlement programs.
The average working guy doesnt send tens of thousands of dollars to the feds. Not even close. Your little fallacy is laughable at best, downright stupid at worst.
Manufacturing is relocated offshore for numerous reasons, chiefly among them being that there is too much governmental interference in private business. Add in demands placed on business by retarded labor unions who want obscenely high wages for low to no skill jobs, and an ever growing tax burden, businesses are left with no choice but to move offshore if they wish to remain profitable.