Quote:
Originally Posted by Homeslice
Too bad most rich people don't employ anyone. Rather, they get a salary (as a CEO, athlete, entertainer, investment banker, etc.).
The % of rich people who actually started their own business and hired a bunch of people is low.
Most get hired to do a specific job, then they last for about 18-36 months before bailing on a golden parachute.
And all the while, they are hiring accountants to figure out ways to lower their effective tax rate to that of a middle-class person (or even lower). Furthermore, many of them hide their investments overseas.
I used to be like you some of you guys.......I worshipped Reagan, thought he was cool, until I realized that the only reason I did so was because I wanted to "align" myself with "clean-cut upper-crust preppies", rather than what I perceived to be "burnouts" (hippie Democrats).
|
Show your work 'slice.
Your thoughts are so erratic it is hard to counter them all.
CEO's don't have employees? Athletes and entertainers have golden parachutes?
Show me a person earning a 7, 8 or 9 figure income and paying a 4.7% effective rate and I'll show you a person the IRS is looking for.
Quote:
Middle-income Americans are now paying federal taxes at or near historically low levels, according to the latest available data. That’s true whether it comes to their federal income taxes or their total federal taxes.
Income taxes: A family of four in the exact middle of the income spectrum will pay only 4.7 percent of its income in federal income taxes this year, according to a new analysis by the Urban Institute-Brookings Institution Tax Policy Center. This is the third-lowest percentage in the past 50 years, after 2008 and 2009.
Overall federal taxes: Middle-income households are paying overall federal taxes — which include income as well as payroll and excise taxes — at or near their lowest levels in decades, according to the latest data from the Congressional Budget Office (CBO).
|
http://www.cbpp.org/cms/index.cfm?fa=view&id=3151