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“By bfarwell on March 29, 2011 10:59 AM
“What is the cost to a state when a long-term unemployed person decides to move to another state for a job?”
Ask detroit.”
Bfarewell’s answer perfectly encapsulates why many of the blue states will continue to decline.
If I were the mayor of Detroit, I would send a personally-signed “Well Done” card to any long-term unemployed person who left my town to seek a job or better prospects. They are moving on with their life, and I could concentrate on creating policies that create long-term growth, rather than running a job-killing welfare state.
“Check the facts. Rich people pay far more taxes than poor and middle class. Top 5% earners pay something like 65% of the revenue the gov’t collects in taxes.”
they pay 65% of the revenue – but own far more of the actual wealth.
SO WHAT???? You want to start confiscating assets now??? That worked well in China and Cambodia and still works to the transparency of Russia’s stock market.
There’s a lot of data out there supporting the facts that the BEST companies, growing the fastest, have the highest tax rates and are the best performing stocks. They are the job creaters. they pay over 40%.
“Check the facts. Rich people pay far more taxes than poor and middle class. Top 5% earners pay something like 65% of the revenue the gov’t collects in taxes.”
they pay 65% of the revenue – but own far more of the actual wealth.
•In 2002 the latest year of available data, the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income.
•The top 1 percent of taxpayers paid 33.7 percent of all individual income taxes in 2002. This group of taxpayers has paid more than 30 percent of individual income taxes since 1995. Moreover, since 1990 this group’s tax share has grown faster than their income share.
•Taxpayers who rank in the top 50 percent of taxpayers by income pay virtually all individual income taxes. In all years since 1990, taxpayers in this group have paid over 94 percent of all individual income taxes. In 2000, 2001, and 2002, this group paid over 96 percent of the total.
“Check the facts. Rich people pay far more taxes than poor and middle class. Top 5% earners pay something like 65% of the revenue the gov’t collects in taxes.”
if corporate taxes need to be low to create jobs – and GE pays none – why did they still cut jobs?
“By bfarwell on March 29, 2011 10:59 AM
“What is the cost to a state when a long-term unemployed person decides to move to another state for a job?”
Ask detroit.”
Bfarewell’s answer perfectly encapsulates why many of the blue states will continue to decline.
If I were the mayor of Detroit, I would send a personally-signed “Well Done” card to any long-term unemployed person who left my town to seek a job or better prospects. They are moving on with their life, and I could concentrate on creating policies that create long-term growth, rather than running a job-killing welfare state.
By dirty_hipster on March 29, 2011 11:05 AM
“Check the facts. Rich people pay far more taxes than poor and middle class. Top 5% earners pay something like 65% of the revenue the gov’t collects in taxes.”
they pay 65% of the revenue – but own far more of the actual wealth.
SO WHAT???? You want to start confiscating assets now??? That worked well in China and Cambodia and still works to the transparency of Russia’s stock market.
Even you ccan’t be that stupid!!!!!!
“if corporate taxes need to be low to create jobs – and GE pays none – why did they still cut jobs?â€
So they could pay a higher dividend, duh!
There’s a lot of data out there supporting the facts that the BEST companies, growing the fastest, have the highest tax rates and are the best performing stocks. They are the job creaters. they pay over 40%.
GE is not one of them.
That was “some people”
“Check the facts. Rich people pay far more taxes than poor and middle class. Top 5% earners pay something like 65% of the revenue the gov’t collects in taxes.”
they pay 65% of the revenue – but own far more of the actual wealth.
“So, BedstyMaven, the LPC rules are just suggestions”
For that matter we can say DOB rules are just suggestions as well. How many people build or renovate without permits.
All rules and laws are just suggestions for people. People kill each other, run red lights, litter, rob. The list goes on,
IRS data:
•In 2002 the latest year of available data, the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income.
•The top 1 percent of taxpayers paid 33.7 percent of all individual income taxes in 2002. This group of taxpayers has paid more than 30 percent of individual income taxes since 1995. Moreover, since 1990 this group’s tax share has grown faster than their income share.
•Taxpayers who rank in the top 50 percent of taxpayers by income pay virtually all individual income taxes. In all years since 1990, taxpayers in this group have paid over 94 percent of all individual income taxes. In 2000, 2001, and 2002, this group paid over 96 percent of the total.
“Check the facts. Rich people pay far more taxes than poor and middle class. Top 5% earners pay something like 65% of the revenue the gov’t collects in taxes.”
if corporate taxes need to be low to create jobs – and GE pays none – why did they still cut jobs?