In response to:

The Great Tax Divide

prk Wrote: Sep 19, 2012 1:39 AM
When you say effect is that the rich get a bigger piece of the pie, you forget that it is their pie.
BSsifter Wrote: Sep 19, 2012 4:52 PM
As far as I am concerned, this is the take away from this article, which has nothing to do with your argument.

"Today, the uncertainties generated by an activist and anti-business administration probably have more of a chilling effect on investments than the tax rate does."
ronrontaiwan Wrote: Sep 19, 2012 8:33 AM
You "don't think it's unfair for them to 'give a little of that back to the country that helped them'"?

What is "a little bit," exactly?

Year after year, we see that the top earners not only pay more in federal tax dollars, but they pay a higher percentage of their money in federal taxes. And, not only this, they pay a higher percentage of total taxes.

It's absurd to imply, which you have, that the rich in the U.S. don't "give back."

Personally, I find the notion of one "giving back" absurd, especially when that one already pays plenty in taxes.
Billpm Wrote: Sep 19, 2012 7:41 AM
The Doc's argument wasn't't in reference to lower tax rates affecting growth. It regarded lower tax rates and easing revenue. Your are not in the same discussion.
Jkerouack Wrote: Sep 19, 2012 4:02 AM
That is a different issue one could argue about. All this report is saying is that low top rates don't help growth but they give the rich a greater share of the pie. Whether that is right or wrong is a different issue.

I think we forget how lucky we are to be born in the US. If BIll Gates or Mitt Romney were born in Sri Lanka, I don't think they would be as successful no matter how hard they worked. They were as successful as they are partly because they were born in the USA. I don't think it is unfair for them to give a little of that back to the country that helped them make it in the first place.
There was a time when Democrats and Republicans alike could talk sense about tax rates, in terms of what is best for the economy, without demagoguery about "tax cuts for the rich."

Democratic presidents Woodrow Wilson and John F. Kennedy spoke plainly about the fact that higher tax rates on individuals and businesses did not automatically translate into higher tax revenues for the government. Beyond some point, high tax rates on those with high incomes simply led to those incomes being invested in tax-free bonds, with the revenue from those bonds being completely lost to the government -- and the investments lost...

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