As has come to light in the past few days (again), personal or corporate income tax for the extremely well off is a joke and has been so for many years. It's just a talking point with no "there" there. There are many ways to argue it, even the point of spending $$$ on accountants and lawyers to avoid paying taxes - hmmm, money out is still money out - it's just personal preference. I suppose an accountant or lawyer is more deserving of the cash than others who are poor, old, whatever. One can argue that and make some valid points.
But, the credit rating "news" is just a way to point out to us who are NOT in DC how nice it would be if Congress got its stuff together and actually did something for the country instead of the interests who own them - R or D. Originally Posted by Randy4Candy
Top 1% of earners pay 40% of income tax
Top 10% of earners pay 70% of income tax
47% of earners pay no income tax
40% of earners make a profit off the tax system [get money from government]
what is the moral justification to use the force of government to take money from one person and give it to someone else who is able to support himself?
Do you agree with equality of opportunity for all citizens, or equality of result?
Shouldn't somebody who works longer and smarter be entitled to more?
Of all the politicians who received money from BP, the one that received the most in history from BP is Obama [and he hasn't been a politician all that long!]....corporations usually obey the tax laws but the problem is the tax loopholes written by politicians who put their self interest ahead of the citizens' interests.........one partial answer is term limits