Tax Junk Food/Regulate Contents?

[Michael-5]

kain_kusanagi said:

Michael-5 said:

kain_kusanagi said:

Since when does anyone have the right to tell anyone how wealthy they can be? I could not be more against your assurtion that we should limit success. You do know that the rich tend to create a lot of jobs right?

But I would be willing to go with a tiered flat tax. 5% for the low income, 10% for the middle and 20% for the high income bracket. But like I said before, if the governement was smaller and didn't regulate our lives and waste so much money it could be less. Maybe just 1%, 5% and 10% for the three brackets.

You know Wal Mart makes more jobs then it takes away? However it makes meaningless minimum wage jobs.

Most people who are rich, are rich because they aren't generous with their money. They find ways to make products or companies which pay employees minimum wage (or less, a lot of stuff is made in China where minimum wage is less) so that they themselves can keep the money.

Are you talking about income tax? How low is income tax in USA? In Canada it starts at 20% for those who make I believe 20-35k a year and goes up to 41/48% for people who make over 100k (41% for the first 100k, 48% for everything after).

This makes sense, I have a friend who works at a poshe golf course where registration is 50k for the first year and 10k every year after. MOST of these people didn't earn their money, they inherited it. What good is money when it stays in the hands of people who didn't work for it? I understand if you worked hard and made a successful company that you deserve a lot of money, but at the same time the employees you hire to make your stuff deserve more then minimum wage too. Rich people are rich because they sell stuff for a lot more then it costs to make, and make jobs which generate little income. If we didn't heavily tax the rich, the rich would get richer and the poor would get poorer. Simple.

Nobody gets to decide how to spend other peoples money. Your friend has a job at that golf course because rich people want to golf there.

Yes I am talking about income tax. If I had my way it would be the ONLY tax. Income tax is just the tip of the iceberg in the menagerie of taxation in this country. Much like your GST we can't seem to do anything in this country without being effected by tax.

Here's wiki's US Income Tax  Rate Table

Marginal Tax Rate[9][10][11]	Single	Married Filing Jointly or Qualified Widow(er)	Married Filing Separately	Head of Household
10%	$0 – $8,925	$0 – $17,850	$0 – $8,925	$0 – $12,750
15%	$8,926 – $36,250	$17,851 – $72,500	$8,926 – $36,250	$12,751 – $48,600
25%	$36,251 – $87,850	$72,501 – $146,400	$36,251 – $73,200	$48,601 – $125,450
28%	$87,851 – $183,250	$146,401 – $223,050	$73,201 – $111,525	$125,451 – $203,150
33%	$183,251 – $398,350	$223,051 – $398,350	$111,526 – $199,175	$203,151 – $398,350
35%	$398,351 – $400,000	$398,351 – $450,000	$199,176 – $225,000	$398,351 – $425,000
39.6%	$400,001+	$450,001+	$225,001+	$425,001+

This taxation method is designed to squeeze the middle income who can barely afford it, destroy small businesses who employ the most, barely touch the rich, and give to the poor. I'd rather the governemnt spend less, let charities take care of the poor, tax middle income and small business less so they can save and invest while maybe taxing the rich a bit more, but not a lot more. The rich already pay the most.

Democrate or Republican?

Taxation in the USA hurts the middle class, but that's mostly because you have too many loopholes for corporations to go through. Corporate tax is USA varies from 12-35%. Now honestly, do you think the CEO's who ruined GM and Ford should be able to go on with only a 12.1% Corporate tax (record low in 2011)? Most people who make millions of dollars a year, don't do it with a desk job and a personal income.

The simple matter is, you need money to make money. People who have millions can easily generate income, and this isn't true for the middle/lower class. Money that just sits in the pockets of rich people does not help the economy. No one person should have more income then a developed country (Wal-Mart....I'm not shitting you, is richer then Poland, and how much of a share to the Waltons have?).

If you make it even easier for companies to become super rich, and make an even more capitalistic nation, then you're eventually going to have a huge poverty issue (and I believe USA's poverty is already the lowest of the developed nations). Yes the rich make jobs, but they make jobs to keep people poor, and keep their companies generating money.

Plus who's going to fund those charities to help the poor? The mega rich? The middle class? I doubt it. You realize a lot of people become poor because of the decisions by the wealthy? Take that 700 Trillion Dollar bankrupcy Americans had a few years ago. That was caused by banks giving out morgages to people who couldn't afford it, and when it came time to collect, everyone just filled for bankrupcy. Greed hurt USA's economy, and I see no reason to encourage that deadly sin.

Plus who's going to fund drug addiction and mental health programs? With more people in poverty, you're going to need someone to fund that stuff.