Here's the chance fo everyone to offload on why taxes have ruined their lives...
scrappile, soon the bottom 47% and our children will pick-up the money owed from your described exponential expansion of government. the gratuitous lining of the pockets extends to the less than wealthy as well. with many super-low income folks not only avoiding any taxes but getting a check just for their ability to fill out a 1040-ez form. just for discussion sake, do you support a true flat-tax for all income with no deductions? that would be fair...would it not? btw...did you all hear the clinking sound of the can being kicked down the road?????
The problem with most of the super wealthy and income tax equations is a large percentage of them pay capital gains taxes, plus there are many little gimmicks such as those hedge fund managers only pay 15%, when they should be paying the same as those who are not eligible for the bush installed, "qualified dividends", face it and find it for your self, the top 0.01% of earners pay 40% less of the federal income tax revenues than they did in 2001. since the size and scope of govt. has grown exponentially since that time, just who is picking up the tax burden.... SUCKERS!!!!
$ instead of #.
sorry but this is too good. someone making #30,000 a year may be paying more up front but given the average deductions that they are eligible for, they most likely will end up paying less than 5% actual federal income tax, with some getting a refund. take a moment and talk with a local accountant about this. naturally when you add in state and local taxes it will increase. but i assumed you were referring only to federal income taxes. buffet did not mention state or local tax rates.
another thing, warren buffet has played you for a fool. so has bill gates and mark zuckerberg. they are three of the biggest "legal" tax cheats in modern america and yet you and some democrats paint them as tax heroes. do some research about them and they are avoiding and tax sheltering their fortunes now and post-mortem.
munster, you really should reconsider your postion on this subject...especially regarding the french.
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