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post #1 of 50 (permalink) Old 10-24-2013, 11:04 AM Thread Starter
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Default It's not a myth

The Rich get richer and the Poor get poorer. And the middle-class will soon be non-existent.

It's not a myth !!!

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post #2 of 50 (permalink) Old 10-24-2013, 11:16 AM
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uH-oH , This could start a serious shit show ....

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post #3 of 50 (permalink) Old 10-24-2013, 01:33 PM
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Canada's chart looks very similar but not quite as bad.... The problem we have in Canada is the middle class pay as much percentage of tax as the rich folk. I get 39% of everyone of my pay cheques taken from me and given directly to the government. If I make $200,000 I give $78,000 away. What is your guys scale like?


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post #4 of 50 (permalink) Old 10-24-2013, 02:22 PM
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You wait America does not export much of any thing.
We buy everything from over seas. Computers phones cars even a lot of our food and not to mention shirts pants jackets.
Our money has no value.
One day we will be slave labor for foreign country's. Or there will be a war to end all wars.

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post #5 of 50 (permalink) Old 10-24-2013, 02:28 PM Thread Starter
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Quote:
Originally Posted by Travis P View Post
Canada's chart looks very similar but not quite as bad.... The problem we have in Canada is the middle class pay as much percentage of tax as the rich folk. I get 39% of everyone of my pay cheques taken from me and given directly to the government. If I make $200,000 I give $78,000 away. What is your guys scale like?


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The thing about what you're saying is: those who make that kind of money (and more) have more ability to invest in tax shelters which effectively reduces that 39%. Those in lower income brackets, while paying less % tax, have little to no ability to do the same.

The end result of that is still the lower income earners end up paying the brunt of the tax revenue.

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post #6 of 50 (permalink) Old 10-24-2013, 03:01 PM
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Quote:
Originally Posted by Travis P View Post
What is your guys scale like?
Depends how you make your money here. If you make ordinary income it is progressive though there are a lot of tax breaks available to higher income individuals that make it much less so than it should be.

If OTOH, you make your money via capital gains, you can damn near skate on taxes. Many working people even applaud this redistribution of wealth to the wealthy. Those people are right about one thing. Their public education wasn't very good...




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post #7 of 50 (permalink) Old 10-24-2013, 03:46 PM
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The problem overall is just plain greed.

Corporations now have NO loyalty to their employees but instead to their shareholders. Who gleefully wish all their employees were outsourced and making $1.00/day. And upper mgt gets millions in stock options, so it's in THEIR best interest to layoff or pay workers crap.

Other countries, CEOs makes 20-30x the avg employee. US CEOs makes about 600-700x times that.

There isn't a whole lot we can do other than to TAX capital gains at 40%, reduce taxes on regular folks, and have companies get huge tax breaks for hiring AMERICAN workers.

There was a bill on that, but the GOP filibustered it. Guess they want us all making $1.00/day.

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post #8 of 50 (permalink) Old 10-24-2013, 03:50 PM
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Reduced taxes for the common man ???!!! Never gonna happen . We will bask in mediocrity .

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post #9 of 50 (permalink) Old 10-24-2013, 04:00 PM
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Reduced taxes for the common man ???!!! Never gonna happen . We will bask in mediocrity .
What are you talking about Lil? Obama extended the Bush tax cuts to the "common man" indefinitely. He gave us a year or two (don't remember) of payroll tax cuts. If he had support, there is no doubt in my mind that he'd end tax breaks for outsourcing and hedge fund managers taking advantage of carried interest provisions.

What you don't understand and probably don't care about as a guy (probably in a union) working for a major corporation is that the avg worker is taking a beating now. And as long as Republicans have the power to block everything, nothing is going to change that.




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post #10 of 50 (permalink) Old 10-24-2013, 05:28 PM
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When 0 took over I got 13.00 a week more in my check , that is no more , and because of it I had to cancel my dental ins. 11.00 a week , and this has been over a year or so ... You may have some kind of tax break , but when I look at my paycheck ,I want to puke . I get no break .

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