View Single Post
  #5  
Old February 7th, 2003, 11:22 PM

Fian Fian is offline
Private
 
Join Date: Jan 2003
Posts: 24
Thanks: 0
Thanked 0 Times in 0 Posts
Fian is on a distinguished road
Default Re: OT: Rating the President

"Not necessarily, but, some people claim that the rich pay too much taxes - when in reality they pay about the same or a little less in taxes than everyone else. People use this argument to justify the proposed tax cut when in reality (if you look at the whole picture) the tax cut is unfair."

I am going to take a look at your numbers in a bit. They still don't make sense to me. But it appears that the only tax cut solution that would be acceptable is if the poor were given even more money back from the Federal government. Instead of getting $500 per kid (is that what is it now? I lost track), maybe they should also get $500 back for themselves? Frankly, I disagree with this approach, but I would like to see how you would cut taxes.

Before looking at your SSN numbers, I am doing the folling math in my head:
Very rich pay 38% on their income tax
close to 0% of their income on SS
Total percent of their wealth given to the Federal government: 38%

Poor:
0% of their income tax
8.5% on their social security tax
Total percent of their wealth given to the Federal government: 8.5%

How else can you look at this? Any way you slice it, the wealthy are paying far more taxes than the poor. I'll look at your numbers next and see if I can figure out how you arrived at your conclusion.
Reply With Quote