There is no such thing as a wealth tax

@SEOGUY (906)
United States
November 1, 2007 11:02pm CST
I am so tierd of hearing the rich should pay their share. or corparations should pay more tax. Listen I am going to tell you the truth nobody else wants you to know. YOU ARE BEING LIED TO!!!!! First of all 90% of all taxes are paid by only 5% of the population. You hear about raising the income tax on the rich right? Well the rich don't pay income tax. Look at TED Kenidy, Multi Millionair, why would he rasie his taxes? He wouldn't. It's called INCOME TAX, only people who work and make an income pay INCOME TAX. The rich are rich becouse they have so much money they are able to live off their intrest and dividens from stocks and bonds, They only pay a 15% tax on "capital gains". while the guy who has his own buisness who makes $200,000 a year pays out over 40% of his income, thats not all he also pays for his business insurance, payrole and other exspenditures, Why does this hard working man have to give up half his salery while rich democrats like Kennedy only pay 15%, well not even that becouse these people set up "tax shelters" and only pay maybe 5%, Most of these High income owners are small businesses. And Corporations? Yea you all say make the corporations pay their fair share! Corps do not pay any taxes, yep you heard corect, thats becouse if they are taxed, guess what? they pass that tax right down to the consumer, everyone rich or poor pays the tax for corps, by paying morre for the goods. Lower taxes is good for all. Companies keep more and are able to exspand and create more jobs, and more money is in the hands of the people and they spend more on products that cost less, Still for higher taxes? well then your a lost couse. I will part with this, No poor man has ever given me a job.
1 response
@bobmnu (8157)
• United States
3 Nov 07
This is how a professor from the University of Georgia explained it. Check it out and you will enjoy it. http://hubpages.com/_1ydkgrbkkj5s3/hub/The_Dinner_Party_or_The_Income_Tax?e-emailhub
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