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+--- Thread: If demand drives the market, what's it going to do to demand when the rich have to rein in their spending? (/thread-54408.html)
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- Bobby - 01-16-2013 10:16 AM
Since the proposal at present is to raise taxes on the rich between 4 and 5 percent, ONLY on the net income over 250 thousand dollars per year after deductions, you clearly don't know what you are talking about. Let's see. Glen Beck made about 20 million dollars, I read. Let's say he had 1 million in deductions. On the first 250,000 dollars he had a lower rate. So on the 18,750,000 dollars he paid about 39.5 % or so. That would be a tax on that part of the money of a bit more than 7million dollars. Gee, the poor guy would only have 11 million left, plus the amount left on the first 250,000. Can he get by on that? I hope so.
Edit: To Frosty. It mostly is NOT the liberals who are moving those factories overseas. It is your beloved conservatives. And since you mention it, it is the liberals who are now helping the jobless out with things like foodstamps, so lay the blame on someone else.
- Frosty - 01-16-2013 10:17 AM
The RICH who own my company have closed it and moved to China
Now I and 2000 other people have NO income and spend nothing and pay NO taxes
and most have applied for welfare food stamps and social security disability
And our old company sells even more product back in the USA as they can offer lower product prices
So these Rich are making more than ever and we are screwed thanks ya stupid liberals
SO THE RICH MOVED COMPANIES TO CHINA AND USE NAFTA TO SELL EVEN MORE IN THE UNITED STATES
ONLY THE FORMER USA EMPLOYEES ARE F U C K E D