Why do rich people not have to pay taxes?
lost.in.love asked:
I thought the more money you make, the higher the tax? But it seems like they tax up until you’re filthy rich, then you don’t get taxed anymore.
MITCH
I thought the more money you make, the higher the tax? But it seems like they tax up until you’re filthy rich, then you don’t get taxed anymore.
MITCH
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Tags: Money, Pay Taxes, Rich People
April 7th, 2009 at 5:13 am
EDWINA
Yep…you’ve discovered a huge conspiracy. The rich don’t pay any taxes, and it’s another way to keep the little people down.
April 7th, 2009 at 2:19 pm
REY
Actually the rich pay a lot more in income taxes than those at the lower end. There are exceptions, but the general rule, higher income, higher rate.
April 9th, 2009 at 6:21 pm
MAXWELL
The rich get taxed but they get a whole lot of tax breaks that other income levels don’t get. They donate a ton of money to different charities and organizations, and this way they get taxed next to nothing. If they don’t give it away, they will have to give it to the IRS.
April 12th, 2009 at 8:32 pm
ARLIE
Yup, that’s why the top 5% of earners pay over half of the taxes collected, and the top 10% pay around 2/3 of what’s collected, and the bottom 50% pay about 4% of the total.
What makes you think what you do? Ask Bill Gates or someone REALLY rich - I’m sure they’ll get a good laugh..
April 13th, 2009 at 10:42 am
SANTOS
Where do you get the idea that the rich don’t pay taxes?? Truth is, the top 5% of all income taxpayers pay more than 50% of the total taxes in the US.
April 15th, 2009 at 4:00 pm
BEVERLEY
You’ve been brainwashed by the media.
The top 5% of wage earners pay 53% of the total tax in the country.
The top 10% pay 65%…
The top 50% pay 96% of total taxes.
Looks like they are paying taxes.
April 16th, 2009 at 11:34 am
JEFFERSON
It not always so. You may at millionairematch find what i said is true. There are only exception to refuse to tax.