I agree with about 90% of what you post, but I have to voice my opinion when that 10% arises!
again, if ioi own a factory and my taxes go up 30% do i take a 30% loss or raise the price of my goods to compensate for the newest taking?
rich people dont pay income taxes any more than companies do. if the cost can be passed along top somebody else, it invariably does get passed along to somebody else.
further, since payroll taxes (sosh security medicare etc..) are only deducted for the first $175,000 the "rich" actually dont pay any but a meager triviality of the largest single tax there is, and it IS a tax. "sosh security" will never pay me one dime despite working for wages since i was 12, and full time since i was 16. the ponzi scheme is upside down. all the new money goes to pay off old money's debts and the entire pyramid is gonna crumble long before a see one thin dime of the money taken from me over the last 30 years. money which i could ill afford to sacrifice on the altar of the greater good to start with.
when the actual numbers are compiled, including ALL taxes levies and "revenue enhancements" poor people not only surrender the largest percentage of their money as taxation, but also the largest share of direct and easily measurable taxes are also paid by those who are NOT in the investment or propertied classes. which is to say, the poor. the majority of federal revenue comes from payroll taxes, less than 40% comes from income, property, or capital gains taxes combined thus the poor pay the most through a higher rate of combined taxation, and a much larger pool from which to siphon. this does not even include the well established pattern of expense recoupment.
when the taxes trickle down as higher prices, steeper rents, and heavier burdens for bureaucratic fees, poor folks wind up paying nearly all taxes with their blood and sweat.
when you tax a store an extra 10 cents for a loaf of bread sold the bread buyer pays it
when you tax the baker for every loaf of bread sold to stores, the bread buyer pays it
when you tax the miller for all flour sold to bakers, the bread buyer pays it
when you tax the farmer for all wheat sold to millers, the bread buyer pays it
when you tax the trucker who moves the wheat from farm to miller to baker to store, the bread buyer pays that too.
when you tax the owner of the factory, the guy who buys the shoes pays those taxes so the owner of the shoe factory can grow richer, which is right and good. when the taxes on the factory or the factory owner go up the cost of shoes goes up to compensate the owner for his new expenses. this also is right and good.
foolishly believing that the owner of a shoe factory, a bakery or a farm would take it in the butt from the tax man without increasing the cost of his products is downright foolish.
or do you think steve jobs would sell ipods at a loss because he's such a nice guy?
this is why kennedy and reagan lowered taxes for everybody, because a rising tide lifts all boats, deliberately bailing out one boat into the hull of another smaller, less stable boat might be good for the guys with the higher rails and tighter deck boards, but its simple murder for the guy in the dinghy taking the water from your yacht's bilge pump.
