If I make a dollar and out of every dollar I'm taxed at 50, half, at 50 cents, I have to give, isn't that like enough?
Sentiment: NEGATIVE
I don't like paying 50 per cent of tax.
Whatever you tax, you get less of.
I've been paying a lot of money in state income taxes, and I've been happy to do it, but when this last thing happened, this 50 percent increase in the tax rate, it was just too much.
A lot of people are happy to give money to charities but are wary of giving through taxes because they feel it doesn't produce any value.
So every dollar of income that I have that is potentially taxed away is a dollar I can't put in my company to create a job. My entire company is around job creation.
But only 'rich' people by definition have the 'extra' money to buy things and invest to create economic growth. Do we really want to tax that 'extra' money away - and give it to the government to spend? Does that make any economic sense outside of politics and our emotional desire to make everyone suffer equally through these tough times?
But let me perfectly clear, because I know you'll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime.
It seems like the richer you are, the more chance you have of paying less tax.
If you're only going to give away 50 percent of your wealth... c'mon. I'm going to do much more than that.
If people are going to give, they're going to give. And it doesn't matter if you give a dollar or five dollars or a hundred dollars or a million dollars; it's all according to your ability.