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The Basement
Gibson raided
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<blockquote data-quote="John Roberts" data-source="post: 35614" data-attributes="member: 126"><p>Re: Gibson raided</p><p></p><p>Both charts include current law as of 2007 as well as the proposed so ARE NOT meaningless... while a few years old. </p><p></p><p><img src="http://factcheck.org/Images/image/2011/Articles/Figure5_8_from2010reportforpresident.jpg" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /></p><p></p><p>Here is a chart about taxes paid by the wealthy. </p><p></p><p>It looks to me like they enjoyed pretty low rates in the late '80s also. </p><p></p><p>I am not a fan of punishing the wealthy for being wealthy, nor do I think all the loopholes in our personal income tax system for social engineering by congress do much good either,, </p><p></p><p>We are a charitable nation and OK with progressive tax rates, but not punitive tax rates, used for simple redistribution of wealth. I prefer the old fashioned form of redistribution where people get more money for working harder and smarter. </p><p></p><p>I still feel this is a deceptive strategy to distract the discussion away from expanding the government intrusion into the private economy. While you may not be personally trying to deceive and you are clearly angry about this.. this is not the import part... </p><p></p><p>As government expands like topsy, taxes will go up on everyone. The rich just don't have enough money to pay the whole check this government is writing. </p><p></p><p>JR</p></blockquote><p></p>
[QUOTE="John Roberts, post: 35614, member: 126"] Re: Gibson raided Both charts include current law as of 2007 as well as the proposed so ARE NOT meaningless... while a few years old. [img]http://factcheck.org/Images/image/2011/Articles/Figure5_8_from2010reportforpresident.jpg[/img] Here is a chart about taxes paid by the wealthy. It looks to me like they enjoyed pretty low rates in the late '80s also. I am not a fan of punishing the wealthy for being wealthy, nor do I think all the loopholes in our personal income tax system for social engineering by congress do much good either,, We are a charitable nation and OK with progressive tax rates, but not punitive tax rates, used for simple redistribution of wealth. I prefer the old fashioned form of redistribution where people get more money for working harder and smarter. I still feel this is a deceptive strategy to distract the discussion away from expanding the government intrusion into the private economy. While you may not be personally trying to deceive and you are clearly angry about this.. this is not the import part... As government expands like topsy, taxes will go up on everyone. The rich just don't have enough money to pay the whole check this government is writing. JR [/QUOTE]
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