Quote:
Originally Posted by jbuffett
Hmm, nice thought, but Kerry's plan calls for cutting the corporate tax rate by 5%. Kerry's not out to get you guy. Plus, at $100K in income, you're not in the top 2% of earners anyway, your taxes wouldn't go up one bit. Kerry'll get after the American corporations who benefit from our nation without being good taxpaying citizens. Take jobs overseas, lose tax breaks. Create jobs in the good old USA, get tax breaks.
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Then those tax breaks used as incentives will have to be MASSIVE because companies pay workers over seas less than 5% they have to pay citizens over here. We have turned into a service economy, those manufacturing jobs overseas will never come back until China, Panama, and those other countries raise their minimum wage to a wage similar to ours, and are actually able to enforce it.
Back on topic, I have an idea of how you are feeling. Living in my town I've seen a very surprising array of people, and I've seen people who have earned their title as rich, and I see people who have the title of being rich but have to work hard just to make a decent wage. That is where the problem of nailing down who is rich and who is not. Your income is just a number, and it doesn't factor in savings for a child's college education, saving for retirement, or money to have in case of a medical, or any emergency for that matter.
Good luck to you Phory, I hope it all works out for the best. And thanks for the article, I will find some space for it on my already cramped hard drive.