I disagree with your taxes statement. The top 3% income earners do not create
jobs. People like me create jobs. I own a law firm and pay myself $50,000 a
year. I made tough choices to pay myself less and hire people. I could pay
myself $100,000 and fire my associate but I think it is an obligation of a good
Christian to help spread the wealth. Taxing the top 3% is a great idea. It
creates more incentive for people like me to work less and hire others to work
in our place. Taxes dictate behavior. If I'm taxed the more I make, the less
desirable extra work becomes. The work I refuse to do will be picked up by
another attorney. Therefore, another job is created. Tax the top 3% and pay down
Wow, tawillin I would be willing to bet that you don't own a business. With a
terribly lazy attitude, not to mention work ethic, you surely do not understand
the basic fundamentals of business. I still really just hope you are making a
joke by what you put in your comment. Taxes absolutely do not dictate behavior.
I try and spread my wealth around by donating to charity.
"Boosting capital gains, dividend and income tax rates on the top 3 percent
of income earners remains the president's goal, if he survives the 2012
election. Like it or not, these are primarily the people who create jobs and
invest. The administration's focus on "income redistribution" rather
than on providing "incentives for U.S. economic growth" remains
troubling." Where are they investing and creating jobs? They
got a huge cut when Bush became president and where are the promised jobs in the
wages are tax savers---they are deductible as part of doing business---higher
tax rates changes incentives concerning marginal employees by changing their
utilization to make more marginal employees more worthwhile to the company---capital gains taxes are more complicated because they are not always
associated with people making the decisions on hiring and firing---instead
capital gains taxes affects the capital markets by reducing total capital
available for investment and taxes on gains affects the decision to
participate---thus less capital might equal fewer employees---it is
a juggling act---sometimes the employment picture is not the prime mover in tax
or not tax decision---i feel we should be taking steps to reduce volatility in
some markets and taxes can do that---also restrictions on trading can reduce
volatility so taxing decisions are not the only answer---for those
who think higher taxes create a disincentive to work, i think that after a
certain level of income more money is really about more power and so additional
taxation is not the only thing in play---yes they want to keep it but they will
continue to work anyway---
Jeff, Jeff, I hate to tell you but given the lack of real wealth created in the
Bush years, the top three percent likely became that way when the tax rates were
higher, and we had job growth.
Eliminate the Social Security Contributions cap, leave the "Bush" tax
cuts in place, and we will be better off by far.
We wouldn't need to raise taxes at all if the folks in DC could figure out how
to quit SPENDING. There would be plenty of money to go around if we
could get out of these two wars, cut the military by about 1/3, put the brakes
on entitlement programs and end subsidies on things like Ethanol and Electric
Also, so many Baby Boomers keeping that "one foot in the work place"
is what is keeping unemployment rates for the younger generation so high. When
folks with seniority won't leave the middle players can't move up, which means
no openings at the bottom for new blood to come in.