WakeandBake
Well-known member
yeah we owned a small business previously. What are the marginal income levels for those percentages?
Couldn’t the rise in the lower class be attributed to the increase in divorce rates and single parents?A Portrait Of America's Middle Class, By The Numbers
Hmmmm.
So I wonder if a good bit of this is household income that’s increased as two-income households have increased?
Couldn’t the rise in the lower class be attributed to the increase in divorce rates and single parents?
yeah we owned a small business previously. What are the marginal income levels for those percentages?
Except since the early 90s, divorce rates have been falling...
What was your effective tax rate as an owner? And what do you feel is a fair tax rate for owners?
You were the one who posted "It is absurd that the ownership class is not paying more".
So what did you pay as an owner? And how to you quantify "more"? Is it 5%? 10%? 20%?
Couldn’t the rise in the lower class be attributed to the increase in divorce rates and single parents?
edit - in fact you illuminate a big problem with supply-side tax or flatter tax philosophy in your post. mom and pop owners are not the same as billionaire capitalists and financiers, and are taxed unfairly in comparison.
Zerohedge is a great, informative website
Not a surprise... but I disagree.
A partnership/corporation should be taxed at the same rate as the mom & pop. 20% is still 20% whether it's on a basis of $100M in earnings or $100k in earnings.
Why should you be punished by paying a more progressive tax rate (i.e. 50%) if your store was very successful and you expanded to multiple locations and created many more new jobs?
And who determines the sliding tax rate scale based on income? The federal government?