Whenever I hear "tax the rich". I think of my parents. They definitely fall under the governmental definition of wealthy. They worked their way up from the ground. Neither came from money and they didn't have much when they married. Dad was fresh out of the Navy. My mom worked at a bank while my dad worked as stock boy. Eventually my Dad got a sales job and worked his way up to a National Sales Manager. They did not have my brother and I until they could afford it. Back then dr's visits were all out of pocket. No HMO"s. Now they've worked hard and achieved the American dream. They've never taken anything from the government until they qualified for Social Security. They paid taxes and saved for retirement. Although I don't know the exact income I'm guessing they paid around 35% in taxes. I heard on the news there are those in the house that want estates over 1 million dollars taxed at 55%. Not to mention the heirs will pay capital gains. Is this really fair? Nothing was handed to them, no connections just good old fashioned hard work and after their death the government would get over half of it. Why work hard and achieve when you get to keep more of your money if you don't?
Answer by NotPanicking at 8:50 AM on Dec. 15, 2010
And this is why the Billionaires are giving their money away. To keep it from being taxed.
Answer by jewjewbee at 8:52 AM on Dec. 15, 2010
Answer by samurai_chica at 9:02 AM on Dec. 15, 2010
Answer by jewjewbee at 9:04 AM on Dec. 15, 2010
Answer by Anonymous at 9:13 AM on Dec. 15, 2010
Answer by Scuba at 9:21 AM on Dec. 15, 2010
Answer by itsmesteph11 at 9:23 AM on Dec. 15, 2010
Next question overall
Can I send a 6 In by9 In plastic bubble mailer envelope out right in my mailbox