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Do the rich pay more taxes?

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ama gi posted on Wed, Aug 19 2009 2:44 PM

This book suggests they don't.

"As long as there are sovereign nations possessing great power, war is inevitable."

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Who are the "rich"?

To darkness I condemn you...

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ama gi:

This book suggests they don't.

I don't know that it is really possible to say.  I would say some do and some do not.

At most, 5% of the population would need to stop complying to bring down the government.

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i think i know where this book is going. Its probably about all the tax shelters the rich and corporations seek out, which does enable some to escape the heavy tax machine of the US government etc.  the author probably suggests that tax dollars are filtered upward, in that for every dollar a rich person pays in taxes, maybe they are able under some circumstances to get more back in subsidies than the general public. 

do we get free cheezeburger in socielism?

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fsk replied on Wed, Aug 19 2009 4:40 PM

Most State insiders pay a negative taxation rate.

Suppose the CEO of Goldman Sachs earns $200M.  The only reason he earns so much money is due to the Federal Reserve's negative interest rate monetary policy and other State restrictions of the market.

Suppose the CEO pays $100M in taxes on his $200M income.  Which is a more accurate statement?  "The CEO paid $100M in taxes." or "The CEO received a $100M government subsidy."

I have my own blog at FSK's Guide to Reality. Let me know if you like it.

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