What is wrong with cutting taxes for wealthy people, who pay 90% of the taxes?

Question

I never understood this logic. People talk about cutting taxes for "working people." As if rich folks didn't work to get their wealth? Why should they not receive cuts as well?

Answer 1

Educate yourself a bit more on this subject.  EVERYONE is taxed on their income.  If there income falls within a certain bracket, EVERYONE in that tax bracket pays the same percentage of tax.  I'm in the bottom bracket, I know this.  I about $20,000 and I pay the same tax percentage as someone who makes $10,000 a year.  It certainly isn't the same dollar amount but its the same percentage.  EVERYONE pays taxes not just wealthy people.  They just have more so it seems like they don't.

Answer 2

Everyone should recieve tax cuts, the problem is the government never cuts spending even on faliling programs. If people dont think they pay enough taxes let them donate to the government and leave the working people alone.

Answer 3

Why is a person who works 80 hours a week at min. wage worth less as a human being then a rich person who works 20 hours a week. Rich people don't work as hard as poor people. I have been poor & it is really hard. I don't mine paying more so someone else can can have it a little bit easier. How much wealthy does a person need before they are being greedy. How do wealthy people get there money? It is from the work of others isn't it? Most rich people don't work. I had a women come up to me at a company cook out for the company my husband worked at years ago. She even said "We don't work, you are the workers, we just look at the financial papers". How many rich people do you know that work 80 hours a week or more? If they do can slow down. If someone is working that hard so they can feed their kids dinner they arre working hard. It isn't hard work when you have a choice. I have had it both ways & I would rather pay allot of taxes & live decently then to be someone struggling. My life is so easy now. I am not a super rich person but I do what I want with my life. Do you know what it is like to shiver at night because you have to save money on heat or to suffer through heat or to have to miss meals or do without health care or have to make do with all kinds of things because you can't afford something. If you understood that you would see how greedy it is for people to vote for someone like Bush who is irresponsible. He runs up a debt & expects people who are trying to survive to pay for it. No, they deserve something too. They don't get to go on vacation or have a message or go to see a movie. Yet Paris Hilton's dog should get a new diamond necklace that is insane.

Answer 4

What is wrong with paying taxes. The only problem I see is how they spend it and on what. Obama wants to give each of us 2000 dollars. Big deal. It does not amount to that much. I am far from rich but I can manage. Many are worse off but even they want a safe nation. They are doing nobody any favors cutting taxes because they will get us in another way. Nothing is free and we will pay one way or another. Peace

Answer 5

You mean like Paris Hilton?

Answer 6

yeah, who cares if the people who pay 90% of the taxes make 97% of the income?  Who cares that their rate of taxation after you count in state and local taxes that top 10% pays less total tax a s percent of income then the bottom 50%?  If it is 10% of the population they should pay 10% of the taxes only.

Answer 7

I am with you I don't understand the logic....

I work for a company is that owned by one man that is wealthy and pays lots of taxes.  I make under 60 k a year.  I get christmas bonus based off from the profit the company makes...  That is profit after taxes..  If you raise the taxes of the wealthy that means that the company will make less profit and I will get less Christmas Bonus...

Ok lets say a bunch of wealthy people together own a company that produces milk.  The government raises taxes on these people as well as the company the run....  The only thing they will do is raise the price of milk......

Obama's ideas are the same old Democratic ideas and NOT change...

Answer 8

Nothing wrong with lowering taxes for ALL people. It's not just the rich but all those "Evil" corporations which are actually owned by shareholders. You know, those shareholder whom are the average American who owns a mutual fund or a retirement plan. But according to them it's ok to tax away the life savings of a senior citizen.

Liberals just need somebody or something to demonize to feed their Anti-American agenda.  

Answer 9

Well, they have 92% of the income. And don't mistake 90% of the taxes for paying a high percentage of their income, because they have had their rates lowered by Clinton and Bush from higher rates before.

More importantly, if you want to cut taxes, where are you going to raise them? If you set an even tax rate across the board - 15 or 20% as it would have to be, you then are taking away rent and food money from the lower end unless you put in healthy exemptions, which shifts the burden to the higher end again.f

And the wealthy do not "work" for all that income, they get it from investing, which may or may not help other people. Of course there are the CEO's which make 2-6 million a year, a few thousand times the average pay of their working people. Is their work a few thousand times as hard or their skills a few thousand times rarer?

Answer 10

You are right.  This is a topic that has been argued for years and years.  

Answer 11

True dat sir.

Answer 12

"rich" folks aren't worth what they make.

When your employees are making 7.00 per hour and you're making 7000.00 per hour, you're assuming you're worth a thousand of "them"

But you're not.

Jesus said it best when he said : Rich people suck and will all burn in h**l.

Answer 13

What's your definition of wealthy and what is your verifiable source for the 90% of all taxes.

Perhaps you can't understand because you are being lied to.