The rich pay less taxes
On Sun, 03 Nov 2013 07:05:05 -0600, "Lloyd E. Sponenburgh"
lloydspinsidemindspring.com wrote:
" fired this volley in
:
Wrong again. The total the rich pay is more than just the income tax
they pay.
Exactly. A poor man is at the bottom of the tax pyramid. His income
generates one tax stream, and often it's a negative stream, as he
consumes federal resources worth more than his contribution to them.
A rich man's income generates dozens of other taxable 'streams of money'
flowing into every corner of the economy.
I'd say "A rich man's income _can_ generate other taxable money
streams.", but many are invested external to the US economy.
Not only do the rich consume less share of federal resources than
represented by the taxes they pay personally, they also create taxable
incomes for many other businesses and individuals.
It's the 'economic multiplier' at work.
And that's a Good Thing.
--
The beauty of the 2nd Amendment is that it will not be needed
until they try to take it. --Thomas Jefferson
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