Wealthy pay lower tax rate than Poor

[tomtom]

In Canada

[ClimbingPanther]

Where's the next stop for the gas-tax bandwagon? Time for all y'all to get off it.

[JayB]

Just wait until they find out about their per-capita C02 emissions...

[archenemy]

The rich will never allow the poor to vote away their benefits. Not in any country.

[joblo7]

there not 'tupid. well, not in that sense anyway.

[gertlush]

I like the conclustion, tax the rich more!

 

err..why don't you lower the tax rate on the poor instead?

 

[pink]

what's stopping the poor from getting rich themselves?

[ClimbingPanther]

gas tax

[pink]

how did the rich get their money?

[gertlush]

First you get the gas...then you get the money...then you get the women..

[ClimbingPanther]

but make sure you don't still have the gas when you get the women, or you won't have them for long

[tvashtarkatena]

gas is taxing, no doubt.

[pink]

then the woman takes all your money and you start all over again.

 

it takes money to make money. it's amazing what you can do with a little money if your wily enough.

[underworld]

i heard a snippit of a story the other day about a guy that started with a paperclip and kept trading up till he got a house. i haven't bothered googling it yet. i don't want to ruin it by finding out it can't be done.

 

 

[tomtom]

i heard a snippit of a story the other day about a guy that started with a paperclip and kept trading up till he got a house.

 

Ummm, that's not news. No doc negative amortization home loans were pretty common.

 

No assets + no income + no doc loan = New House

 

WaMu would even supply the paperclip.

[pink]

i wonder how many paper clips i could get for my house?

[jmace]

First you get the gas...then you get the money...then you get the women

 

isnt it first you get the power then you get the money

then you get the pussy don't be the dummy though

 

Dj quick

 

 

[hafilax]

I think the logic behind letting taxing rich people less is some kind of trickle down theory. If you tax rich people too much they will live somewhere else and spend their money somewhere else. Let them keep their money and the surrounding businesses will benefit.

 

That's what the conservative governments have been telling me at least. I can't tell if they're right because it's never been any other way at least in my lifetime.

 

In the story they quote percentages of earnings which is a pretty bogus way to analyse the issue. 30.5% of $266,000 is $81,130, 30.7% of $13,523 is $4,151. If they are both receiving the same services from the government then how is this fair. The low income people are most likely receiving government subsidies to begin with.

 

I really am a socialist at heart and think the rich should help out the needy but to compare taxation as a percentage of income just doesn't make any sense to me. It's a much more complex problem than that.

[gertlush]

I haven't had time to read it yet but it's kind of funny that the top tax bracket is about 44%, throw in all the sales taxes etc. and I don't see how they're paying only 30% of their income in tax?

[KaskadskyjKozak]

I haven't had time to read it yet but it's kind of funny that the top tax bracket is about 44%, throw in all the sales taxes etc. and I don't see how they're paying only 30% of their income in tax?

 

it's a marginal rate. 44% of income above a certain amount.

[archenemy]

Actually, it doesn't feel marginal when you are at the top end of that bracket; only when you first enter it.

And here in the US you get screwed another way. Once you become a HCE, your retirment savings generally gets screwed up too--even though you are at the low end of that bracket.

Taxes are so complex that the time spent figuring stuff out is amazing. Life slips away and you actually turn grey while doing them.

[KaskadskyjKozak]

Actually, it doesn't feel marginal when you are at the top end of that bracket; only when you first enter it.

And here in the US you get screwed another way. Once you become a HCE, your retirment savings generally gets screwed up too--even though you are at the low end of that bracket.

Taxes are so complex that the time spent figuring stuff out is amazing. Life slips away and you actually turn grey while doing them.

 

that's what you get for being "rich"

[archenemy]

The more you work and focus on your career, the more you are penalized for it. Does that make sense?

[KaskadskyjKozak]

The more you work and focus on your career, the more you are penalized for it. Does that make sense?

 

it's not a penalty but a privelege to be rich, and you get to help pay for ttk's breast-reduction surgery to boot.

 

[archenemy]

Only if I get to make up for the difference in my own.