[coolidge23]

It is a fact, borne out by the Coolidge, Kennedy and Reagan economic legacies, that lower tax rates caused the rich to share a higher tax burden. I was wondering if someone could explain to me how that works out.

[smoothy]

It is a fact, borne out by the Coolidge, Kennedy and Reagan economic legacies, that lower tax rates caused the rich to share a higher tax burden. I was wondering if someone could explain to me how that works out.

You are asking people that can not accept the facts when presented to them that the Rich do pay MOST of the tax burden... with the bottom 47-49% paying absolutely NONE of the federal tax burden after tax credits... and some of those get money back they never paid in the first place.

You can thank the horrifically bad education system that is focused of indoctrinating our kids with propaganda rather than educating them or teaching them to think for themselves.

How the rich pay more under those conditions is the lower tax rates encourages more investment into things that will earn them more money and this provides both jobs and increased taxable income.

Higher taxes makes investments unprofitable and discouraged said investments making it more logical to put it in safe places like savings or overseas to prevent loss by the greedy element who feels entitled to other peoples earnings and savings.

[joypulv]

'How the rich pay more under those conditions is the lower tax rates encourages more investment into things that will earn them more money and this provides both jobs and increased taxable income.'

Which past are you living in? The richest have been salting money away out of the US, trillions, and NOT investing it in more jobs here, nor buying materials here. Old theories are dead. The US is faced with a true dilemma and isn't doing a thing about it - how to get international corporations to be taxed somewhat in line with other countries, how to get them back here, how to get them to invest here, and how to get them to pay their share without scaring them away. There's no easy solution.

As for OP's 'fact,' I'm not buying it.

[smoothy]

Stats are out there that show which groups share what portion of the tax burden. From the Government itself. The problem is certain people in certain groups won't be happy until the rich pay 100% of the burden.. and even then they will think they are entitled to more.

Personally I am NOT rich... but I have enough that I have been seriously considering moving it offshore to keep it out of the reach of people that feel they are entitled to what I worked hard to earn my whole life. Yes there are ways to do this. And you don't have to be rich to do it. Though maybe not just everyone can do it, and the inconvenience might not make it worth it to others.

[joypulv]

I rest my case.

[talaniman]

It is a fact, borne out by the Coolidge, Kennedy and Reagan economic legacies, that lower tax rates caused the rich to share a higher tax burden. I was wondering if someone could explain to me how that works out.

I don't know if this is homework or not but your premise is UNCLEAR, and FACT is the richer you are the more options and opportunities (tax breaks that are more profitable to mitigate tax burdens) for profit you have. So start with who is NEEDY, who is GREEDY and evaluate those options and opportunities.

FACT - Many rich people actually pay less as a rate of percentage of their taxes than the far less rich, and its not subjected to a bi weekly payroll deduction. Take this FACT as a hint to evaluate the advantages of a rich guy vs. a poor guy's options that's a huge and lucrative OPPORTUNITY.

[smoothy]

Why are you or ANYONE entitled to what I worked hard to earn? Or anyone else for that matter. A lot of us have what we have because we made sacrifices and did without, or made do with less while others spent every dime they made and ever ran up debts to buy more than they could afford. And if I didn't struggle to survive on half my income for 2 decades. I wouldn't have what I have stashed away. That's MY nest egg.. (and my wifes)... its not anyone else's to take because they didn't do the same thing.

There isn't a rich person that got that way or stayed that way by being foolish or reckless with their money. Except for a handful if idiots from Hollywood who get paid far more than they are worth.

And all of the rich people I know....weren't born into it....they earned every bit of it.

Gee....the liberal propaganda never stops.

[talaniman]

Why are you or ANYONE entitled to what I worked hard to earn? Or anyone else for that matter. A lot of us have what we have because we made sacrifices and did without, or made do with less while others spent every dime they made and ever ran up debts to buy more than they could afford. And if I didn't struggle to survive on half my income for 2 decades. I wouldn't have what I have stashed away. That's MY nest egg.. (and my wifes)... its not anyone else's to take because they didn't do the same thing.

There isn't a rich person that got that way or stayed that way by being foolish or reckless with their money. Except for a handful if idiots from Hollywood who get paid far more than they are worth.

And all of the rich people I know....weren't born into it....they earned every bit of it.

Gee....the liberal propaganda never stops.

This isn't about you or your factless prejudicial assertions, blame or name calling of the situation of others. Glad you have money to hide in foreign banks, a nice option to have but fact is many hard working self sacrificing people don't have that option.

If your taxes are unfair vote for someone who can help, or hire an accountant to help you find BETTER loopholes and deductions.

[smoothy]

This isn't about you or your factless prejudicial assertions, blame or name calling of the situation of others. Glad you have money to hide in foreign banks, a nice option to have but fact is many hard working self sacrificing people don't have that option.

If your taxes are unfair vote for someone who can help, or hire an accountant to help you find BETTER loopholes and deductions.

\

Gee.. when MOST of the fedarl taxes NOW are paid by the rich... (PROVEN by the governments OWN statistics).

The only factless and prejudical assertions are made by those who refuse to accept those facts... who almost certainly AREN'T paying "their fair share" and many of those aren't paying any at all.

I don't have much money in foreign banks... right now... but I have been rethinking that as the greed by those who aren't paying their fair share now also start to think they are entitled to what I worked hard to earn and save. I haven't decided the risk the greedy thieves present is greater than the risk of Euro Stability.

If they don't make enough they need a second job... if they don't save enough that's their own fault for spending every dime they make... instead of setting aside even $5 or 10 dollars a week... which they could easily quadruple by doing with a landline instead of cell phones, cable TV... X-box or a number of other things.


And I learned that from someone who was actually poor growing up. Not someone who just thinks they are.

I do agree with the get a professional to do your taxes....its legal to take every deduction you are actually entitled to....not just think you deserve. They know the tax code far better than "Joe Average" does.

[ScottGem]

The premise the OP talks about was called trickle down economics (at least in the Reagan administration). The premise was that by reducing taxes on the wealthy, they would use the savings to invest more thereby benefitting themselves as well as others.

While I don't doubt that the rich pay most of the taxes, the better question is do they pay their fair share. Trickle down economics was a failure because it was based on people doing the "right" thing which they didn't.