Godstud wrote:The reason why a progressive tax structure works best is that it bases off someone’s ability to pay.
Asking someone who's rich to pay more in taxes is a system which is based off their ability to pay...
For somebody that makes $25,000 dollars a year compared to someone that makes a million dollars, a tax rate at 10% is more damaging to their ability to survive off their income than someone who makes a million dollars. For example, after taxes (with a 10% tax rate), it is hard to survive on $22,500 compared to $900,000.
And if neither was taxed at all it would be harder to live off of $25K a year than off of $1 million. That in no way, though, explains why someone who has more should pay more.
If you're making $1 million a year, you're not living at $25K a year lifestyle. You're living a $1 million lifestyle. Those who want the rich to pay more are those who believe that the rich should live like the poor, and that's stupid.
You can't make a poor person wealthy by making a wealthy person poor...
Middle-class and working-class people are what stimulate economy because many are forced to spend the majority of their income on needs such as food and housing. Allowing them to keep more of their income, allows them to spend more which will increase the economy and the nation’s GDP.
I am probably what you would consider "rich".
If you think for a second that I don't spend money, and a lot of it, you're nuts. If I keep more of it, I'm going to spend more of it.
Or do you think rich people don't go shopping?
Until Corporations and their CEOs pay their workers a living wage, and give up part of their income, they should be responsible for making up the taxes that many people are no longer able to pay.
I used to sell guitars. I was a regional sales manager for a large guitar company. I did that for eight years. I averaged about $145,000 a year.
Selling fuckin' guitars
When I had my best year, the owner of the company spent $3.5 million on a house on the southern California coast.
Should he have given up some of his income because I couldn't
afford a $3.5 million house on the southern California coast?
Courage is knowing that something will hurt and doing it anyway. Stupidity is the same thing. That's why life is hard...