Stop in for a cup of coffee
very true, but im fairly sure there is a limit on the type of deductions they can take. I'm just sick of people complaining about cutting taxes for the "rich". this country went to war over a 3% tax on freaking TEA!
If you invest in a couple of "dud" funds so you loose some money each year, it can be written off as losses to offset the profits on their other successful investments...
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Put yourself in the place of the $10 per hour worker... They work 40 hours for $400 net pay and bring home about $300 per week... That has to pay rent/mortgage, car payment (usually a hoopty as they can't afford a new one), electric, gas, water, internet, phone (unless you qualify for a 'bama phone), food for a family... Not to mention they can't afford health insurance... (no cable)
They are going to work 40 hours a week and can't make ends meet... They can't afford to pay more taxes...
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Then you see guys like Trump not paying any taxes... Some corporations making millions/billions and paying less taxes (or none) than them, or even getting government subsidies.... WTF???? :wtf:
Those upper class guys in the triple digits can afford to pay more than the other guy makes in a year and have plenty left over...
That CEO from Wells Fargo that got caught cheating their customers made over $200 million on the stock dividends alone not to mention the millions in bonuses and incentives that he made.... He ain't paying 25% - 33% like the working class guys... And his 25% - 33% is waaay more than the $10 per hour guy will make in his lifetime....
What about Martin Shkreli - the pharmacy company CEO that cranked up the price of the AIDS drug by 5000% just to make profit... He can afford a tax increase....
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Then when the $10 per hour guy can get as much to stay home instead of work his *** off for 40 hours, they wonder why there are so many on welfare... You are putting some them on welfare by over taxing them beyond their means...