Explain,why the rich do not pay high taxes.could it balace the economy if they did?

Question

if they did. why not provide a list of the persons and business and the amount that have to contibute, anual income under 250,000 pre year.

Answer 1

Rich do not pay as much tax because you have people in office like Bush.The rich get richer and the poor get poorer.

Answer 2

People with higher incomes pay a lot more in income tax that people with low incomes. The top 1% of incomes paid over 28% and the bottom half pay 5.4%

Answer 3

Excuse me but you are wrong.  I do pay as much taxes as you do.  And I have a lot more taken out on my W4 than you do.  So don't ask if you don't know.  

Just because you have the minumum taken out of your pay every week doesn't make it right ,   I claim 0 on my W4 and have alot extra taken out so i won't have to owe IRS at the end of the year.

The poor is poor because of wrong choices made in life.  The poor is poor because that is their choice.

Answer 4

The rich pay MUCH higher tax rates! Look at the Tax Rate Schedule for taxable income. Please don't buy into the liberal talking points. I am a CPA and do taxes for a living. Bush's tax cuts DID help EVERYONE!

And, the more you try to soak the rich, the folks who start businesses and give people jobs, then watch what happens to the economy! If you s***w the job creators too much, no one will have a job. How would THAT be for the economy?

Rich people (and smart people who want to be but aren't yet), use CPAs and do tax planning. They also buy bonds and other intrsuments that often are not taxable, but the return isn't as good. (But they then have less taxable income and therefore, pay less tax) There are ways to reduce your tax bill, according to the tax code. Many people don't want to pay for qualified advice becasue they don't understand how valuable it is.

Isn't the point to try to BECOME rich? The dems want to raise capital gains taxes becasue the RICH need to pay more....stocks and mutual funds are in retirement accounts, 401(k)s, 403(b)s, defferred comp plans etc - many of us have money in the market, in one way or another.....how am I or anyone else ever going to get rich if they tax all of your stock gains - which are difficult to come by in the first place?!

My requirement for Congress, and society, is take a couple of economic classes. This knowledge is obviously lacking with congress and the "masses".

Lower taxes RAISE revenue due to further investment, more jobs, therefore more revenue and so forth. Taxes are an economy killer.

The liberal media sure has influenced a lot of people. Yikes.

Answer 5

The poor with children get lots of money back. If you make 10k or so and have 2 or 3 kids with all the credits you could end up with  5 or 8k refund. That is not fair.

Answer 6

The rich DO pay high taxes.  Of all the income taxes that are paid, most of them are paid by a very small number (percentage wise) of people.

Here is are some items that discuss this (I'm sure many more on the subject can be found):

http://www.dallasnews.com/sharedcontent/...

http://www.taxfoundation.org/news/show/7...

http://www.ntu.org/main/page.php?PageID=...

http://www.heartland.org/Article.cfm?art...

The charts on the third link are saying that the top 25% of earners pay about 85% of ALL income taxes paid.  The top 10% of earners pay over 65% of all income taxes paid.

Answer 7

they do pay tax. and a lot more than the poor or middle class.

what they dont pay right now is Social Security Tax on income over $102,000. But they do pay it on anything less than that.  ....  i hope his law does not pass because one day i plan to make over 250,000 and then i wont benefit from the current law.

Answer 8

Publishing individual tax information would violate the anti-disclosure rules in the Internal Revenue Code.  The anti-disclosure rules were created after that ultra-liberal Richard Nixon abused the then public information.

The IRS does compile information about large groups of taxpayers (e.g., corporations, taxpayers broken out by state, etc.) and publishes it quaterly in the Statistics of Income Bulletin, available at irs.gov.

Answer 9

You buying into the Liberal way of thinking which is not based on fact

The rich do pay taxes and more than they should.  Why should they make public, very private information, (another Liberal point).  Would you like all your private information published

They do publish what corporation pay, but whether you Liberals want to believer or not, the United States has the second highest corporate tax rate in the free world.

You should try to educate yourself rather than buy into the lilberal b.s.