Subject: This is a big country and we can always find extreme examples of ... Author: mdude : member since August, 2006 : 968 posts Posted on: 2008-11-04 14:55:36

... wealth distribution on both extremes. However, looking at the table below it seens the "rich" is paying its "fair share".

The problem our gov't (at both Federal and State level) is not one of revenue but of expenses. Simply put, the gov't spends too much. No program ever got axed, every department wakes up every morning thinking of how to expand its mandate and spends every alloted dime lest funding be cut for next year.

Historically, every time tax rates are increases, tax revenue goes down. If one truly wants to increase revenue, it can only be done by lowering tax rates.

Increasing tax rate serves nothing except to redistribute wealth.

By the way, it is impossible to give 95% of working Americans a tax cut because close of half pays almost no tax. The only way it can happen is via expanded tax credit to the poor. In other words, give them a higher refund even though they don't pay any taxes to begin with. It is just another redistribution gimmick.




Mdude
2001 740IL Sport Pkg All Stock

• Due to high voter turnout......... - TxDarth 2008-11-04 12:47:56 (316 views)
  • Barack Hussein Obama was elected the 44th president - Claudio 2008-11-05 09:00:31 (287 views)
  • Oh Boy.... (nt) - Blue740i 2008-11-04 16:59:18 (274 views)
  • Hahaha, I'm hoping for a McCain/Palin win too but... - mdude 2008-11-04 12:52:36 (271 views)
    • +100000 I agree 100%. Majority rules - I would not want to change that... - TxDarth 2008-11-04 12:57:12 (285 views)
      • I think the media had lots to do with the outcome, plus when people vote - kw740il 2008-11-05 15:29:14 (274 views)
      • +1 - Redistibution = Take from those who worked for it, - kamdraft 2008-11-04 14:16:52 (289 views)
        • Redistribution - JerrytheK 2008-11-04 15:08:14 (339 views)
          • Humor aside, it is an accurate depiction of human character. (nt) - mdude 2008-11-04 16:44:12 (242 views)
        • The CEO of the company I worked for retired with several hundred million $ after - stritarja 2008-11-04 14:34:09 (282 views)
          • This is a big country and we can always find extreme examples of ... (pic) - mdude 2008-11-04 14:55:36 (293 views)
            • Quick tax facts - Claudio 2008-11-05 13:45:32 (294 views)
            • Rich pay more? If so, can you prove it? - Claudio 2008-11-05 08:40:51 (304 views)
            • You're forgetting about payroll taxes, which put a disproportional burden on - stritarja 2008-11-04 15:33:59 (308 views)
              • My take... - mdude 2008-11-04 16:39:14 (284 views)
                • You have a few misconceptions . . . - stritarja 2008-11-05 13:13:09 (251 views)
                • Very well put....and if it gets too far out of line the rich will just move... - TxDarth 2008-11-04 17:04:46 (236 views)
              • I am sorry where the hell do thing their SS is going to come from in retirement. (nt) - TxDarth 2008-11-04 16:04:36 (257 views)
            • +1 (nt) - sdmike 2008-11-04 15:11:07 (238 views)
      • I blame the media. McCain elected= no story. Obama elected= OMG (nt) - Stu 2008-11-04 13:45:30 (268 views)
        • Just like the hurricanes from 05 and this year................ - Bayou Bimmer 2008-11-05 07:19:41 (243 views)
        • Agree. Media in the tank for O-man. If Rs were spending what O is, media would - JerrytheK 2008-11-04 14:01:56 (294 views)
          • Take a look where Obama's money came from vs McCain's . . . (url) - stritarja 2008-11-04 14:21:18 (303 views)
            • Obama's money - about 3X more in $200 to $2299 range - kamdraft 2008-11-04 14:33:17 (260 views)
              • Do you really have a clue what socialism is? Over the past several months there - stritarja 2008-11-04 14:44:28 (263 views)
  • ROFL! nice one (nt) - 04sshd 2008-11-04 12:50:28 (267 views)