One person making $200,000/year will pay in excess of $67,000 in taxes to the Fed's alone.
One person making $8/hour, 16hours/day will pay at most $9000 per year in Fed taxes.
All you socialists get your calculators out, and try and figure out which one is paying for more of the Fed government's upkeep.
-Chuck
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Spehro Pefhany
Nah. As a sugar exporter, Brazil is much more of a factor than Cuba- by almost 10:1 in terms of metric tons per year (15,000 vs. 1,700). Cuba represents only about 5% of world sugar exports. It's ALL the massive subsidies and restrictive trade barriers.
Right now, unlike with goods, generally, there is world-wide free trade in most types of *information*. It's particularly to the benefit of post-industrial economies like the US, Canada and Western Europe to keep things that way.
Best regards, Spehro Pefhany
"it\'s the network..." "The Journey is the reward"
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Chuck Harris
GHW Bush started the process, Clinton pushed it through congress and signed it into law:
"But Clinton?s real emphasis in foreign policy was on what could be called economic globalism. He believed that the country?s security and prosperity depended upon removing barriers to trade with other nations and upon stabilizing nations with economic troubles. Despite opposition from members of his own party, Clinton pushed two major trade agreements through Congress in his first term: the North American Free Trade Agreement (NAFTA), in 1993, and, the following year, a global trade agreement that created the World Trade Organization." - MSN Encarta
The organization we call GATT has been around since the '40s, but the treaty that did all of the damage was Clinton's.
You are making no sense!
-Chuck
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Chuck Harris
You are imagining things! Clearly you have never been in this bracket.
-Chuck
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Spehro Pefhany
If the same $200K was distributed to 12 people making $16,666 per year, they'd pay more tax, wouldn't they? ;-)
Best regards, Spehro Pefhany
"it\'s the network..." "The Journey is the reward"
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Embedded software/hardware/analog Info for designers: http://www.speff.com
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Chuck Harris
I can't fire myself. I was working from recollections from the last time I earned that much. Back then, there was a 33% tax bracket.
Regardless, the point I originally made is still valid, a person earning $200K per year, and paying $54K per year in taxes is supporting a whole lot more of the government than one who earns $30K per year.
-Chuck
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Dave Baker
I moved to Asia. All these people need training! :-)
Not to mention that you can live quite well here on US$10/hour.
Dave
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Michael
anybody making $200k that pays $67k in taxes needs to fire his accountant and get a better one
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Chuck Harris
Probably not, $16K is below the no tax poverty level.
-Chuck
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Michael
accountant
according to the IRS, the MAXIMUM federal tax (no deductions of any kind) due on an income of $200k is $53,030.
Like I said--fire your accountant
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Chuck Harris
Given the opportunity, I always buy American made products. However, I am not always given the opportunity.
It used to be possible to buy a new car that was entirely made in the USA. Now, you cannot. It can be difficult to even find a car that has the majority of the parts of US manufacture. Including your Chevy Astro.
The car I am currently driving is made from 51% US made parts, and was assembled in the USA... Which of the big 3 do you think it is made by?
WRONG! It's a Subaru. The Japanese cars are frequently more made in America than the cars made by the big 3. The small Fords are made by Mazda (owned by Ford). The big Fords are made in Canada, Brazil, Mexico, and even partly in the US.
-Chuck
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Misha
The question is do enought own a North American car or do we have a foreign car.
Hmmm which North American cars are made in the third world, what % of the rest contain a majority of forign parts?
Personally, I drive a Chev Astro?
Do we own third world produced stuff (I DO), are we willing to pay ten or twenty dollars for those dollar store items.
Either we all must accept these developments or we must try to buy from our companies its not a pick (Buy 3rd world, limit outsourcing )and choose. Are we going to choose not try to save $$$$ personally, not too likely.
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Cliff
President Bush signed NAFTA in December 1992. How many years do you think it took him to get it in the first place? Lots of work .....
This would be the Rebublican controlled congress, right?
As compared & contrasted with endless wars based on blatent lies. And huge deficits (taxpayer debt to be repaid later after the free money is long gome) & gifts to special interests? Or faith-based government?
GATT was created in 1947. The WTO came out of this. NEITHER is run by the US. What parts of "World" and "International" were unclear?
Someone is lying big time .
I'm not the one making claims about effects.
Too many paid vacations?
Cliff
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Cliff
Perhaps you'd best look at it in terms of percentages and *total* taxes paid. And earned vs. unearned income. Unless you are expecting the poor to pay for your taxes ...
Cliff
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Chuck Harris
Percentages mean nothing, unless you think a poor person is a smaller percentage of a person than a rich one. The costs to society of a poor person are greater than those of a rich one.
When a rich person pays a larger dollar amount for his taxes than a poor person, he is paying more than his fair share. Most are quit happy to do so.
I would prefer to have a tax system based on consumption of capital.
-Chuck
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Cliff
Who gets the expensive imported toys & mansions?
Who creates the most total trash & the greatest resource drain?
What part of "We The People" did you forget?
So you are complaining?
"Consumption of capital"? LOL ...
Cliff
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Dave Baker
Yes, and it is. :-)
Dave
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Simon Peacock
well Capitalism is the best we have for the time being.. but its too short sighted to consider everything said in the many comments following
Simon
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Chuck Harris
Who pays taxes on the expensive toys and mansions?
Who makes creates more jobs, the rich or the poor?
You lost me there.
I haven't complained about my taxes yet.
Considering that you don't even have a clue what I am talking about, yeah, LOL.
-Chuck
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Pooh Bear
It's called globalisation. It's why you can buy say a microwave oven for around 40 bucks. You want it made in your own country ? It'll cost more.
Graham
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