Quote:
Originally Posted by NeoConMan
All those "rich people" should pay more, and they don't think it actually affects them.
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The top 1% of all people that pay US taxes, contribute 40% of all the tax money collected. Read that sentence again. If you increase that percentage higher as Baracamania wants to do, do you think some of these rich people might relocate to some other country? Maybe start investing their money in other countries with much lower tax rates? Do not kid yourself, because when they do move, the middle class has to pay more taxes to make up the revenue loss.
Give 95% of all wage earners a tax cut. Sorry, approx 40% of all people that have federal taxes withheld, do not pay any federal tax. So if you want to give a tax cut to 95%, and only 60% pay taxes, you have to GIVE money to 35% of all people that have federal taxes withheld.
That is called WELFARE, and its the backbone of any Socialist program. If I was dirt poor, I'd be working on Obama's campaign, working for ACORN and voting at least one hundred times. I love free money.