Making more and contributing less

[faethor]

That's right you millionaires. With Bush tax cuts in place even with your net income increasing by 23% on average your average tax exposure has dropped by $136K / year.

http://www.americanprogress.org/issues/2011/08/millionaire_tax_rates.html

Those with more are making more and contributing less. Now the righties are clearly the wrongies as they talk about how these taxes are killing jobs. As millionaires paid more in the past and the job market was better in the past.

There's little wonder 72%-82% of Americans think taxes should be raised on top earners. They realize things should be fair and balanced.

 

[FluffyMcDeath]

The average millionaire will pay $136,000 less this year because the Bush tax cuts are still in effect

That's right. He will save in taxes more than you probably make. Millionaires don't hurt the way most folk do when you tax them. They may get annoyed, but they don't go hungry.

 

[cybereye]

Those with more are making more and contributing less. Now the righties are clearly the wrongies as they talk about how these taxes are killing jobs. As millionaires paid more in the past and the job market was better in the past. They realize things should be fair and balanced.

That theory is crap. That is just as bad as global warming theory. Here is my theory about why IRS is complain about lack of money.
In the 1990, the inventions of the World Wide Web in 1991 and the Internet browser in 1993 facilitated the rapid commercialization of the Internet that created DotCom bubble. During the Clinton-era 39.6 percent to 35 percent tax rate created the Internet Boom because of the tax free on the internet. That why IRS is crying over spill milk that views as money is lost. When Bush tax cuts, many middle class jump aboard on online broker cause it easy to do and cheap tax on the gain in the stock market. The boom of DotCom had to end sometime and many went broke or jump into another investment. That another investment went to real estate. Again more tax cut in 2003 that sure add fuel to the boom in real estate that many middle class jump into flipping house for a quick gain. Again the IRS claims that it lost more money cause it missing out all the income from the Housing boom. We all know that the housing boom had to end sometime. Now the government is in trouble because it lost more income because middle class is broke and lost jobs. IRS needed to find to blame on something and see a 2% of the rich in US is not paying the IRS as a fair value. The IRS job is to make money just like a company. IRS is looking for ways to get money from anyone that have cash. You could say tax the IRS because the IRS is making money. Problem is that liberals don’t see an IRS as a company that always wants money.
It shows that Tax cuts do work. The rich are working on where to make money as we all know rich love to make more money. Hopefully that the middle class stay out of the boom and let the rich do it jobs. There is no such thing as fair and balanced as there is boom and bust.