It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by ProfEmeritus
How many members feel that the brokers and bankers that bought and sold sub-prime mortgages, and made a fortune, and left the taxpaying holding the bill to "bail them out", deserve to keep the same tax rate as a small business owner, whose business makes $250,000, and works 90 hours a week?
The tax rate should go up for that first category that did not create a real product, did not add to the real GNP, but merely bled others dry.
The tax rate for those in the second category should not go up.
It is a very simple concept, and quite simple to implement.Unfortunately, those in the first category have the excess wealth to bribe Congress (excuse me, contribute to their campaigns and favorite "charities), while the second category are having a hard time paying the payrolls). Give tax breaks to small businesses that invest in equipment, and new employees, and soak the second category(or better yet, convict them of their crimes, and send them to jail).
Originally posted by aching_knuckles
Originally posted by Steam
Not another one of these threads...
What exactly do you guys consider "rich"???
How much do you have to make a year to be "rich"???
Do you think physicians and surgeons are "rich"???
I would say the over 250k/year definition that the government uses for the top 5% is a fine number. If you make more than 95% of the rest of the country, wouldnt you say that qualifies as "elite"? 250K/Year could buy you 3 nice small homes a year in a decent area and a decent car. Every year. Think about that...most people will never own their own home, or a new car at all.
Just because someone blows money as fast as they can earn does not mean they arent wealthy....it means they are living outside their means, even if their means are extraordinary. If you argue that is their right, well I think it is immoral to pay hundreds of dollars for suits, or buying ANOTHER car, or some more gold jewelry, when it is the second great depression in this country, and alot of people are losing their homes and families for lack of a few dollars.
I gather from your question that you are a physician or a doctor >.<
Originally posted by WhatTheory
The Obama administration considers anyone who makes over 250,000/yr rich and does not want to give them a tax break right?
The problem with this logic is that these 'rich' people are running small businesses which employ most americans.
These people don't have 250,000/yr profits. It's all tied up into the business. If you don't reduce the tax burden either the price of the products which you buy will increase or they must fire people from the payroll.
Most of you here must stop with this class warfare garbage. Rich people are not the enemy. Have you ever got a job from a poor person? Large portions of rich people were once poor and sacrificed everything to start their own business. Now that they have been successful and employing people, you want to ruin everything by taxing them to death. Your logic is totally backwards.
But it is a much greater assumption that those that have none will spend it than those who already will. After all, give the poor coins, do they spend it. I don't think so.
To provide them with any form of relief is to pat them on the . and say, "We won't hold you responsible for your actions."
Originally posted by aching_knuckles
Originally posted by BobbinHood
Try owning a business. You'll be lucky if the government only takes away HALF of everything you make. Now try hiring new people with what you have left. It just doesn't work.
No one in America pays 50% of their money to taxes, so stop exaggerating. In fact, the richest pay about 35%...1/3 does not equal 1/2. If you are this bad at math, no wonder you cant grasp this concept.
So in the past 10 years of Bush tax cuts how many jobs has your business created? It had better be alot, if you expect us to give you more cuts now.
If you own a business, you are lightyears a. of most americans. if owning a business sucks so bad, go back to joining the zombie work force.
than tax everyone the same percent,
Don't see how. 10% of your worth for everyone. if the government needs more, sucks to be them. It stays that way. Flat taxes makes all equal. 10% of a million is more than 10% of a thousand. 25% of a million is far too much more than 5% of a thousand. The only reason I could see the need for that is desperation by the government. Like I said, if the government needs more than 10%, sucks to be them. Can't see how the rich could try to choke the poor, and I for one would be more than happy to see the end of the lower class' existence
Call it not having compassion, I call it common sense. If you are unwilling the make your life stop failing miserably, the government should not bail you out, except for the most basic rights to food and water.
using or showing new methods, ideas, etc