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Old 12-08-2010, 08:48 AM  
Sly
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Join Date: Sep 2004
Location: Austin, TX
Posts: 31,298
Quote:
Originally Posted by EZRhino View Post
That doesn?t make sense. Since you make $40k and pay $5k so net is $35K while you make $1mil to pay $300k and net is $700k. $300k are taxes that goes to failing entitlements, that?s money that could be spent on office building lease for a year and employees. But instead the government takes the money hires government workers who become unionized and never leave the payroll and we have just added to a larger budget for the next 25 to 35 years. Besides a business man already spends money to make that million, its called over head and expenses. I dont make a million a year but I would like to someday and I hate that people think successful people need to pay a higher rate because they have the money. That sends jobs away from the USA. Turns California from the 5th largest economy in the world to 9th.
It's not money that could be spent on an office building! Its personal income! It is money that he earned as a salary, or whatever other method, it's not business gross. Even if it was business income, he could spend that $300,000 and then would be paying taxes on the $700,000 which would be quite a bit less.

This is personal income that would be spent on houses, vehicles, vacations, investing in the stock market, cosmetic surgery LOL, stuff like that.
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