Quote:
Originally Posted by EZRhino
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.
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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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