Incomes up for upper class and rich, down for middle class...

[SamuelRSmith]

green_sky said:

Marks said:
Why do people obsess over what the rich are making? The top 1% of earners pays something like 40% of all taxes, and there are like ~50% of people who don't pay taxes at all in America...so quit your whining.

I'm not saying the thread creator is whining, but whoever keeps making these articles and getting upset about being poor. If you want equality go to Scandinavia.

I see your point but it becomes hard to objectively debate these serious issues when people see things like this.  http://news.yahoo.com/blogs/lookout/g-e-paid-no-taxes-5-1-billion-20110325-082417-878.html 

GE paying no taxes on $5.1 billion in profits. Taxing the donald trump's  less ego maniac rich cousin is nothing when things like happen. More importantly countries are so divided on this issues of taxation not sure just in US but here in Canada too. I am sure the rest of the world has such issues. 

What about all the taxes GE had to pay to make that profit? (There are taxes for hiring people, owning property, importing goods, etc.).

And what do you think they do with that $5.1bn? They either invest it, where they have to pay all those taxes I've highlighted above. Or they pay it to their shareholders. The shareholders, depending on their jurisdiction, will have to various taxes on that money - capital gains, income, sales (when they buy stuff).